5 Most Reliable Loan Apps in Kenya for iPhone Users [2024 Picks]

Are you looking for the best loan apps in Kenya for iPhone users? We prepared this guide just for you.

For years now, many Kenyans across the country regularly use loan apps because of how reliable and convenient they are in terms of the loan application and approval process. 

However, most mobile loan apps in Kenya only support Android phones, which is a disadvantage to iOS users who also may need instant loans to get through the day. 

That is why we decided to put together a short list of the best loan apps for iOS users. So if you have an iPhone and urgently need a mobile loan, you might want to try out these apps.

Best Loan Apps in Kenya for iPhone Users

• Timiza
• Zenka
• KCB M-PESA
• Okolea
• HF Whizz

1. Timiza Loan App

Timiza has been one of the go-to mobile loan apps for Android and iOS device users mainly because of how reliable and cheap ( in terms of the loan interest rates) they are. 

This loan app by ABSA bank ( formerly known as Barclays bank) offers loans from as low as Ksh. 50 up to Ksh. 100,000, with an interest of 1.083% with a facilitation fee of 5% effective from the disbursement date.

To qualify for a Timiza loan:

• You have to be a registered Safaricom user
• Your Safaricom line has to have been active for at least six months
• Have a good Credit Reference Bureau (CRB) rating
• Have a national ID

The Timiza loan app is available for download on the Apple iTunes store and is compatible with iPhones, iPads, and iPods with iOS version 10.0 or higher. 

You can also use ABSA bank’s USSD service *848# to register and apply for a loan. 

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2. Zenka Loan App

Zenka is also one of our favourite loan apps in Kenya for iPhone users. Its quick loan application and approval process have earned it several awards including:

• The Outstanding Mobile Loan App of The Year award at the 2020 Pacesetter Awards in Kenya
• The Most Promising Mobile Loans Platform award at the 2019 Digital Tech Excellence Awards Gala
• Most Preferred Mobile Loan App award at the 2020 Digital Tech Excellence Awards in Kenya

Zenka offers loans from Ksh 500 to Ksh 30,000 with a processing fee of between 9% to 39%. 

One of the highlights of this loan app is its repayment schedule. Zenka allows users to repay their loans between 61 days and 180 days after the loan disbursement date. 

Once you have received your loan, you can repay half of it within the first half of the repayment period, and finish repaying the loan within the second half of the repayment period. What’s more, Zenka also allows you to extend your repayment due date by up to 30 days. 

Apart from being available on the Apple iTunes store, you can also register and apply for a loan using its USSD code *841#. 

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3. KCB Mpesa Loan App

KCB in conjunction with Safaricom has made it easy for both iOS and Android users to apply for and receive loans straight to their M-PESA accounts.

To apply for a loan:

• Go to the M-PESA menu
• Click on loans and savings
• Click on KCB-M-PESA
• Click on ‘loan’, and follow the easy steps. 

You can also use its USSD code *522# to register and apply for a loan. 

To qualify for a KCB Mpesa loan:

• You have to be an active M-PESA user for at least six months
• Your Safaricom line has to have been active for at least six months
• You have to save on the KCB Mpesa service ( although it is not a must, it can increase your chances of qualifying for a loan) 
• KCB Mpesa offers loans from Ksh 100 to Ksh 50,000 with an interest of 7.5% payable within 30 days. 

4. Okolea Loan App

Apart from having affordable interest rates, this app’s flexible repayment periods make it one of the best mobile loan apps in Kenya for iOS users. 

This loan app offers loans from Ksh 500 to Ksh 500,000 with a processing fee of 0.4- 2.5% of the principal amount. The loan interest rate is as low as 0.5% depending on the period taken to repay the loan. 

The best part is that the Okolea loan app has repayment periods of up to 1 year after the loan disbursement date. Amazing, right? 

Okolea app is available for download on the Apple iTunes store and is compatible with iPhones, iPads, and iPod touch devices with iOS version 8.0 or higher. 

You can also register and apply for a loan through its USSD code *842#.

5. HF Whizz Loan App

This loan app by House Finance Company of Kenya (HFC) is also one of the most popular mobile loan apps among iOS in Kenya because of its easy loan application and approval process. To get a loan via MPESA, you need a registered Safaricom number and your national ID.  

The app offers loans from Ksh 1000 to Ksh 50,000 with an interest rate of 7.725% and a processing fee of between 4 and 6% of the principal amount, with a repayment period of 30 days.

HF Whizz loan is compatible with iPhones, iPads, and iPod touch devices with iOS version 11.0 or higher. You can also register and apply for a loan through its USSD code *618#. 

The Bottomline 

Well, there you have it. Gone are the days when you had a challenge finding a mobile loan app that is compatible with your iOS device. 

Hopefully, our best mobile loan apps in Kenya for iOS users list will help you make a more informed decision on which mobile loan app is the ideal one for you.