The following is a list of new loan apps in Kenya 2022 that are still handing out loans. As you all understand, the government of Kenya banned these unregulated loan apps via the Central Bank.
This means that you cannot be blocked on CRB if you happen to default on their loan. See the index of loan apps that are denied access to CRB.
A new 2021 Amendment Bill in Parliament desires to license and control Digital money lenders despite the ban.
List of New Loan Apps in Kenya
The tracking is a list of the latest loan apps in Kenya 2022 that still give out loans in Kenya. We have attempted to categorize the loan apps based on the interest rate presented.
Some loan apps have assumed the characteristics of a common shylock. It is reasonable to note that, despite the high-interest rates presented by these predatory loan apps. Anticipate the following;
You don’t call shoddy customer service, but they call and SMS you several times a day with menaces and fake promises you often.
Costly interest loan rates 400%
Short loan refund periods (7 days).
Privacy invasion. They will reach your contacts(Friends & Family) if you are late in loan refunds.
Also, note that we are not in anyway affiliated with any of the beneath loan apps. We are just here to deliver insights.
Last but not least, it is consistently good to read the customer reviews and adventures in the Google play store before downloading the app.
Eventually, always read and understand TERMS & CONDITIONS before accepting any loans.
Despite all of the overhead, you still need that money. I will communicate tips on how to eat their money in the following post. They won’t take you anywhere.
High Interest rates Digital Lenders in Kenya
High Interest Rate Apps
iPesa loan app
Zash loan App
Lion Cash loan app
Low interest rate
Mshawri and Fuliza Mpesa
Zenka loan app