Stuck in a fix? Not to worry, today we have compiled a catalog of loan apps that you can check out.
Plus, unlike others that need so many details or take too long to credit, these ones offer instant and guaranteed payouts for you.
That said, here are 5 apps worth giving a try when pockets are empty.
1. Zash loan app
The Zash loan app is by far the best in loaning out cash right now. It’s got a quick and easy setup, and asks for details that are just enough to confirm your credentials and credit payability. Once you are approved, the money arrives on your phone in minutes.
Interest rates are fair and the loan limit grows steadily especially when you repay on time. Loans start at Kshs. 500 with no interest charged and max out at Ksh. 10,000.
2. Zenka app
Zenka is quite similar to zash app, with some slight differences, but just as good. With Zenka app, loan limit also starts at Kshs. 500 with no interest charged and grows quickly.
What’s disappointing is that after the second loan, interest rates rise to questionable levels, especially for long repayment periods (957%).
Overall, it’s good for starters however, it should definitely be considered after a while.
3. AsapKash
Next up, we have AsapKash. It’s also easy to apply and very reliable, however, it takes a while to confirm your details and approve your disbursement (up to 1hr).
It’s also worth noting that you can’t get a loan if you have pending arrears on other platforms. Either way, it’s an okay app with a great User Interface.
4. Tala Loan app
The list wouldn’t be complete without one of the most popular loan apps around. Now, although Tala is known negatively for its persevering threats and warning messages, it’s still a convenient app worth checking out.
Offering loans starting from Kshs. 500 up to a maximum of Ksh. 30,000. Interest rates range from 13-33%.
5. Kashbean
Last but not least we have Kashbean loan app developed by pesa loan. It’s a good app with an easy setup. Different from the others, Kashbean loans start from as much as Ksh. 1,500 and max out at Ksh. 30,000.
However, it’s worth noting that the app deducts the interest rate before it is paid out. For instance, if you borrow a loan worth Ksh. 1,000, you will receive Ksh. 700 after a 30% interest rate cut.
You can get these apps by visiting Google Play Store on your Android device.
Alfred Gitonga is a passionate tech news writer with a deep interest in smartphones and related technologies. He is a staff writer at Mobitrends.co.ke.
