There are tens of mobile loan apps in Kenya that are currently giving out emergency loans via Mpesa. And the best part, these emergency loans are unsecured and sometimes offer flexibility with payment durations.
In this post, I will share with you 10 popular emergency loan apps and platforms that you can pursue today to get a quick loan sent directly to Mpesa.
1). KCB Mpesa Loan, emergency loan in Kenya via Mpesa.
KCB Mpesa is one of the most popular emergency loan products in Kenya. The emergency loan is unsecured and can go as high as Kshs 1,000,000 with a repayment period of up to 1 month.
First-time borrowers can get Ksh. 1,000 loans and multiple other loans within their limits.
And, have I already mentioned that the loan interest rate is 8.64%?
How to Apply for a KCB Mpesa Loan.
- Go to the M-PESA menu
- Select loans & savings
- Select KCB M-PESA
- Tap on loans
- Tap on request loan
- Enter amount
- Enter M-PESA PIN & submit.
2). Quick Loans, emergency loans in Kenya via Mpesa.
Quick loan in Kenya also known as { Quickloans.co.ke } is a website less known but which offers emergency loans in Kenya of up to Kshs. 85,000 to employed people.
Unlike the unsecured loans offered by KCB Mpesa, loans by Quick Loans Kenya require that you show proof of employment, declare all the other loans you have, and confirm how long you have been employed among other HR-related stuff.
If you are interested in these emergency loans, head over to the Quick loans Kenya website and click the apply button to get started.
3). Jitegemea, emergency loans in Kenya via Mpesa.
Jitegemea loans are loans used to sort unforeseen emergencies like hospital bills, urgent stock, port charges, and any other charge demanding quick action.
Like all the other loans on this list, Jetegemea disburses all emergency loans via Mpesa. However, you will first need to save in the scheme to get an entitlement to a loan. Often 3 times your savings.
Other popular loans packages you can get on Jitegemea include: –
- Church loans
- Consumer loans
- Biashara loans
- Asset loans
- Hitimu loans
- Mazao loans
Among others. Each of which has been designed to solve a particular need.
To get started with Jitegemea loans, head over to the Jitegemea website and click on the “apply for a loan button” to get started.
4). Greenland Fedha, emergency loans in Kenya via Mpesa.
Now, this is not your normal emergency loan microfinance. And it is not for everyone except small-scale tea farmers who need affordable financial services.
However, you can still get an emergency loan regardless of if you are a farmer by downloading the PESA ULIPO app which is also a product of GFedha for everyone else.
To apply for the loan and receive it via Mpesa, go to the Playstore and download the app to begin the application process.
Or, simply go to the Gfedha website and apply for all the other loans provided including: –
- Development Loan
- Emergency Loans
- Working Capital Loans
- Salaried Loans
- Education Loans
- Solar Energy Loans
- Mobile Banking Services
- Agency Banking Services
5). Muson emergency loans in Kenya via Mpesa.
Need a quick loan?
Musoni Microfinance is one of the emergency loan products you can pursue to get money in less than 72 hours.
If you are new to this product, Musoni Kenya is an emergency loan service that offers emergency loans of up to Kshs 30,000 with a repayment period of up to 12 months.
The emergency loans are unsecured and disbursed via Mpesa.
Interestingly, Musoni does not charge upfront fees for loans and you can apply for any emergency loans in their portfolio, including but not limited to agriculture loans, business loans, education loans, and more with a click of a button.
6). Senti Loans, emergency loans in Kenya via Mpesa.
These are emergency loans for people who need quick loans of up to Ksh. 40,000 disbursed via Mpesa.
To get started, go to Playstore and download the senti loan app.
Next, apply for a loan.
Wait to be verified. Takes a few seconds.
After verification, your emergency loan will be approved and sent to Mpesa.
It’s that simple.
7). Jijenge Credit Limited, Emergency Loans in Kenya Via Mpesa.
Jijenge Credit is a non-deposit-taking Micro Finance Lending Institution with over 10,000 clients in Kenya, Sudan, and Tanzania, and its head office is at Town House, Nairobi, Kenya.
To get started with Jijenge emergency loans, simply head over to their website and apply for a loan from the list provided.
8). Real People Emergency Loans.
Real People is a non-deposit-taking financial solutions provider for businesses. It targets the mass market with a particular interest in the Small and Medium Enterprises sector in Kenya.
If you are looking for emergency loans with flexible repayment plans of up to 12 months, Real People emergency loans are worth checking out.
To get started, go to the Playstore and download the app.
9). Eclof Kenya, Emergency Loans in Kenya via Mpesa.
ECLOF Kenya is another Microfinance Institution providing Financial and related Non-financial services to the economically active vulnerable communities in all sectors of the economy.
The platform is just as popular with emergency loans as KCB-Mpesa is but it provides more loan offerings.
If you are interested in checking out Eclof, go to their website and make your application.
10). Mwananchi Credit Emergency Loans Kenya
Of course, we can not complete this list of emergency loans in Kenya via Mpesa without mentioning Mwananchi Credit.
Mwananchi is one of the most popular emergency loan products in Kenya with a solid reputation for providing emergency loans to Kenyans when they need it the most.
Go to the Mwananchi credit website to find out more about their offers.
Conclusion.
There are a number of emergency loan products in Kenya that you can pursue to get money in less than 72 hours.
Each emergency loan has its own terms and conditions, so be sure to read the fine print before signing up for any product.
And remember, always repay your emergency loan on time to avoid damaging your credit score and to increase your chances for more borrowing.
Emergency Loans for Civil Servants in Kenya.
These are emergency loans specifically designed for civil servants in Kenya. Some of these emergency loans are provided by these financial institutions.
- Platinum Credit - offers emergency loans to both salaried and self-employed individuals.
- Mwananchi Credit - Mwananchi credit emergency loans are available to all employees in the public sector including teachers, police officers, and other government workers.
- Musoni Microfinance - offers emergency loans to both salaried and self-employed individuals.
- KCB - KCB emergency loans are available to all employees in the public sector including teachers, police officers, and other government workers.
- Equity - Equity emergency loans are available to all employees in the public sector including teachers, police officers, and other government workers.
- Real People - Offers emergency loans to both salaried and self-employed individuals.
Also, check out unsecured personal finance loans offered by Kenyan banks including NCBA.
How to Get an Emergency Loan With no Job.
There are a few emergency loan products in Kenya that are specifically designed for people who are unemployed.
Some of these emergency loans can be disbursed within 24 hours and do not require any collateral. However, you have to be in business even if it's just a simple startup.
Some of the best emergency loans for people who are unemployed include: -
- M-Shwari Emergency Loan - Mshwari is specifically designed for everyone including those who are in self-employment. As long as you have a Safaricom line, you are good to go. It is disbursed via M-Pesa and requires no collateral.
- Kopa Chapaa - This is an emergency loan that is specifically designed for anyone with a smartphone. It can be disbursed within 24 hours and does not require any collateral.
- Fuliza - Have you been using Safaricom from time to time? If yes, then you can get emergency loans from Fuliza. It is a service that allows M-Pesa users to access emergency funds and pay later.
- Okolea - This is an emergency loan product that is specifically designed for small loans. Like the rest of the loans on this list, they can be disbursed within 24 hours and do not require any collateral.
- Kopa Jirani - This emergency loan is specifically designed for all Kenyans above 18 years. As long as you have the means to pay, you are good for it.
Check many other loan apps on playstore.
How to Get an Emergency Loan With No Credit
There are several lenders in Kenya that would be willing to give you an emergency loan even if you don't have a credit score.
These "no credit emergency loans" are usually given in small amounts (usually less than KES 50,000) and have relatively high-interest rates.
Some of the best places to get emergency loans with no credit include: -
- Shylocks - Get any loan amount without CRB checks.
- Mwananchi Credit - Get loans even if you are in CRB.
- Zenka - download to get loans without CRB checks
- Okolea - download to get small loans without CRB checks.
- MKash Bee - get small loans without CRB checks.
- PesaFlash - download to get small loans without CRB checks.
- iPesa - download to get small loans without CRB checks.
- Kopa Jirani - download to get emergency loans without CRB checks.
- FlashPesa - download to get easy loans without CRB checks.
- Fuliza Branch - Get quick loans without CRB checks.
How to Get an Emergency Loan in Kenya
Getting an emergency loan in Kenya is not as hard as it used to be about a decade ago. With the rise of mobile money and mobile lending platforms, you can get an emergency loan in Kenya within minutes, sometimes even hours.
To get started, simply download any of the emergency loan apps mentioned below and sign up for an account. Once you have been approved, you can request an emergency loan and have it disbursed to your Mpesa account within minutes.
- Musoni Microfinance
- Mwananchi credit.
- Jijenge Credit.
- Platinum Credit
- Quick loans in Kenya.
- Timiza loan.
- KCB - KCB Mpesa Loan
- Absa - Timiza loan.
- Equity - Eazzy loan
- Jamii Bora Bank Ltd.
Where Can I Get a Loan Urgently in Kenya?
This question is relative. To get a perfect fit, you will need to first assess your emergency and then identify the best emergency loan product that suits your needs.
For example, if you need emergency medical attention, then products like Fuliza by Mpesa would be a good option because it allows you to access emergency funds quickly and pay later.
On the other hand, if you need emergency business capital, then an SME business loan from National bank of Kenya would suffice.
Regardless, these are some of the best apps and banks to get an emergency loan in Kenya.
- KCB-Mpesa Emergency Loan
- Fuliza by M-Pesa
- Tala Loan App.
- Branch Loan App
- Musoni Microfinance
- Mwananchi credit.
- Jijenge Credit.
- Platinum Credit
- Quick loans in Kenya.
- Timiza loan.
Which bank gives loans easily in Kenya?
Banks are subject to tight monetary policies by the Central Bank of Kenya but that's not to say that there are no banks in Kenya that will offer you loans easily without asking for too much.
These are some of the banks in Kenya that have loan products that cater to emergencies. Plus, some of these products are designed to give you loans even if you don't have an account with the bank.
Some of the banks that give loans easily in Kenya include.
- NCBA bank - Personal unsecured loans.
- KCB - KCB Mpesa Loan
- Absa - Timiza loan.
- Equity - Eazzy loan
- National bank - personal unsecured loans.
- Kenya Women Microfinance Bank
- Faulu Bank
- Standard Chartered Bank (K) Ltd.
- UBA Kenya Bank Ltd.
- Jamii Bora Bank Ltd.
Which App Gives Loans Immediately in Kenya?
There are more than 30 loan apps that offer emergency loans in Kenya with Mpesa as the primary mode of loan disbursement.
If you have a good credit score, go ahead and download these apps to get your loan in minutes: -
- Branch
- Tala
- OKash
- KCB Mpesa
- Fuliza Mpesa
- Timiza by Airtel
- Sasa Loan by Equitel
- Mshwari
- Zenka
- Berry
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