13 Best Loan Apps in Kenya Without CRB Check

Searching for popular Kenyan loan apps that dont do CRB check? We have the details for you!

What Is CRB?

CRB means Credit Reference Bureau and it is a system used in Kenya to reveal credit information and ratings for individuals and businesses.

CRB allows a financial institution or private lender to access your individual credit history from the CRB platform. This allows them to evaluate how creditworthy you are before giving you a loan or other credit facilities.

The CRB report is a comprehensive report which shows your individual’s credit history, your repayment patterns, any outstanding debts that you might have and any other defaults for delinquencies that are related to you.

The lender will use this information in the credit report to determine and make an informed decision whether to give you a loan or not.

So what if you want to get a loan and dont want to go through the CRB check?

Well, there are loan apps by Fintech companies that can sort you out. Below is our review of some of these popular loan apps that can be installed from the Google Playstore through which you can apply.

Please note that the availability and specific terms of these apps change over time, so it’s recommended to check their respective websites or app stores for the most up-to-date information:

Best Loan Apps in Kenya Without CRB Check List

1. LendPlus

LendPlus operates as an online loan service provider in Kenya, giving you hassle-free, quick and a highly convenient way of getting funds directly to your smartphone. Their application process is very user friendly and you can quickly access an online cash loan whenever time you need it, regardless of the day  or week.

For you to qualify you must:

  • Be 18 years and over
  • Either be Employed, Self-employed having  a steady source of income.
  • Have a number that has a mobile money wallet.
  • Be in possession of an ID Card

Loan amounts offered to you vary from Ksh 500 to Ksh 30,000.

  • The minimum duration for loan repayment, which includes any extensions, is 61 days
  • The maximum repayment period which also includes extensions, extends up to 365 days.
  • The minimum annual percentage rate (APR), including all associated costs, is 3.65%.
  • The maximum APR, excluding additional charges, is 730%.

2. Zenka Loan App

Zenka is another popular loan app in Kenya that stands out as an exceptionally easy app for getting personal loans, empowering you as an individual to have personal authority over your financial matters through its distinctive attributes.

The registration process for the Zenka loan app and application is quick, straightforward and uncomplicated. Once your loan request is approved, you will swiftly receive the funds directly into your M-Pesa account.

With Zenka, you can have money in your account within a mere 5 minutes! Customers have the option to apply for an initial loan with a fixed term of 61 days.

Your loan repayment terms will be for a duration of 61 days and it comes with a single interest fee that varies between 9% and 30%. This fee varies greatly because it depends on the risk associated with lending to you.

This interest fee is charged to you once and it ranges between KSh 45 to KSh 870.

Here are other details that relate to loan amounts and the repayment time allowed:

  • Loan Amount: You are allowed to borrow any amount between KSh 500 and KSh 30,000.
  • Minimum Repayment Period: The minimum period that is allowed for you to repay the loan is 61 days.
  • Maximum Repayment Period: The maximum period allowed for you to repay the loan is 180 days.

Annual Percentage Rate (APR):

  • Minimum APR: The minimum Annual Percentage Rate is 70.7%.
  • Maximum APR: The maximum Annual Percentage Rate is 224.89%.

If you repay on time, the Zenka app will allow you to increase your borrowing capacity and you will even end up borrowing unto the maximum limit of  KSh 30,000.

3. FairKash+ Loan App

With FairKash, you have the opportunity to borrow up to KES 60,000. Their application process is quick, straightforward and can easily be done through your smartphone.  You will not need any documents for you to apply.

Once your loan is approved, its easy for you to withdraw cash as frequently as needed.

These are some of the reasons they give why you should borrow from them

  1. Generous KES 60,000 Limit: They offer a huge opportunity to borrow as high as 60,000. This is something I have not seen with other mobile app lenders. You will also get to enjoy a hassle-free reborrowing experience with them by a few simple taps.
  2. Swift Cash: Their approval process is fairly quick and you will get the money sent to your MPESA account. They believe in making borrowing easy for you. .
  3. Flexible Repayment Terms: Their terms of repayments are flexible. You can choose to make  installment repayments or make interest/principal payments depending on what you want.
  4. Simplicity and Security: They claim there are no hidden fees to surprise you with.

Like I mentioned before, their loans range from  KES 3,000 to KES 60,000. Their repayment period is between  91 days to 365 days.

The interest fee rate that they charge for these loans ranges vary from 3% to 18% per year.

In accordance with credit regulations, the minimum Annual Percentage Rate (APR) that they charge is 20.1%, while the maximum APR is 80.2%. If you repay your loans in time, you have the opportunity to increase your credit limit up to KES 60,000.

Let’s work with an example:-

If you are given a Ksh 4000 loan with a repayment duration of 120 days that comes with an Interest Fee Rate of 15%, a Service Fee Rate of 4%, the resulting Annual Percentage Rate (APR) would be 49.6%.

– Your Loan Principal Is: KES 4,000 (120 days)
– Total Interest Fee Charged Is: KES 600 (KES 4,000 * 15%)
– Total Service Fee Charged Is: KES 160 (KES 4,000 * 4%)
– Total Fee Cost: KES 760 (KES 600 + KES 160)
– Therefore Repayment Amount Will be= KES 4,760 (KES 4,000 + KES 600 + KES 160)

Eligibility Criteria:

  1. Kenyan citizens who are 20 years old and above
  2. Own an ID card and a mobile number.

Steps to Applying For The Loan:

  1. Download the Fair Kash+ mobile application from Google Playstore.
  2. Easily register using your phone number.
  3. Provide your personal details and submit your loan request.

Wait to see if your loan has been approved. Once approved you will  receive the funds within minutes, directly deposited into your M-Pesa account.

How To Contact FairKash+

email: support@fairkplus.live
Message us on WhatsApp: +254 796383534
Address: Riverside Lane West, Riverside Building, Nairobi area, Kenya

4. Meta Loan

The Meta Loan offers mobile loan services are targeted to the Kenyan market.

  • Loan Amount: You can borrow between KSh 1000 and KSh 80,000.
  • Loan Tenure: The repayment period is between 91 days to 365 days.
  • Maximum Loan Limit: The highest amount available that you can borrow is Ksh 80,000.
  • Maximum Annual Percentage Rate (APR): The highest APR stands at 48% per year.

For instance, let’s work with a loan amount of Ksh 20,000 and a repayment period of 91 days.

The associated fees are as follows:

  • Monthly Interest Rate: 48% divided by 12 months = 4%.
  • Monthly Interest: Ksh 20,000 multiplied by 4% = Ksh 800.
  • Total Monthly Payment: Ksh 20,000 divided by 3, plus Ksh 800 =  Ksh 7467.

Therefore, the total repayment amount, including the principal and interest, would be: Ksh 20,000.00 + (Ksh 20,000 x 4% x by 3) = Ksh 22,400

Why take a loan with Meta?

  • They dont do CRB checks
  • No paperwork involved
  • No collateral needed
  • Get your loan at any time
  • Your loan gets sent to your phone immediately you are approved.
  • Your loan limit increases as you faithfully pay back

Who is eligible?

You need to be a Kenya resident that is the age between 18 to 60 and have a source of income

How to repay the loan?

  • You are required to repay the loan through the MPESA number 4023507. The account number is the phone number you used to sign up with
  • To increase your credit limit, make timely repayment and you will get the chance to have your borrowing limit increased.

If you have any feedback, questions, or concerns, please e-mail them at help@metaloan.co.ke or through their online service.

Address: Daykio Plaza, Nairobi City, Kenya

5. Zash Loan

Zash Loan offers instant loans without CRB checks to Kenyans who require money to fund their businesses or do shopping. You can even use the money for handling any unforeseen emergencies.

  • Total Loan Amount: You are allowed to borrow between KSh 500 and KSh 50,000
  • Loan Repayment Period: The repayment period for the loan you take ranges from 91 days to 365 days.
  • Maximum Loan Limit: The highest amount available for borrowing is Ksh 50,000.
  • Low Interest (Maximum APR): The maximum Annual Percentage Rate (APR) is 25% per year.

Let’s work with an example of a loan of Ksh 20,000 with a repayment period of  of 91 days. The associated fees are as follows:

  • Monthly Interest Rate: 25%/ 12 months = 2.08%.
  • Monthly Interest: Ksh 20,000 x by 2.08% = Ksh 416.
  • Total Monthly Payment: Ksh 20,000/ 3 + Ksh 416 = Ksh 7,082.67.

Therefore, the total repayment amount, including the principal and interest, would be: Ksh 20,000.00 + Ksh 20,000 x by 2.08% x by 3 = Ksh 21,248.

Why take a loan with Zash Loan?

  • They don’t do CRB checks
  • They don’t require collateral from you
  • Everything is done through your smartphone. No more paperwork.
  • You can apply for loan extension if you don’t have enough money to repay

You must be a Kenyan resident/citizen who is between 10 to 60 yrs old and have a source of income.

How to repay the loan?

You are required to repay the loan through their M-pesa Paybill number which is 733555. The account number to enter is the phone number that you used to register with the app. When you make timely repayments it will increase your credit score

You can reach the company through their contacts below

Email: cs@zashloan.com
Address: One Padmore Place,George Padmore Road,Nairobi City,Kenya

Other Loan Apps

There are many other loan apps that you can use to register and get loans without CRB checks. Check them out below when you have more time.

  • Haki Money
  • Creditmoja
  • YesCash
  • TifiSlice
  • Tala
  • KECredit
  • TruePesa
  • Zash Loan

Why You Need To Repay Your Kenyan Loans Without CRB Check

When you don’t repay your loans through these apps, then you will face some problems. One of the first problem you will face is that it will result in late fees and penalties which will increase your overall debt.

The other problem that you will face is that it will impact your credit score making it harder for you to get loans from financial institutions. Also, if you don’t pay your loans it might lead to legal ramifications such as legal action by your lender.

Unpaid loans will cause you financial stress and you will never be able to get out of debt. Therefore it is important for you to make timely payments to maintain your financial stability and avoid potential problems that come with unpaid loans

Further Reading:

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