Loan Apps Without CRB Checks-Loan Apps in Kenya are rising thanks to the development of applications facilitating this process. Even as we appreciate technology in Kenya, money is the basis of the country’s economy as it is needed to run businesses, pay employees, and much more. In Kenya’s digital age, easily access loan apps by downloading them from official app stores.
On the other hand, in Kenya, digital lenders’ loan apps must be fully licensed by the Credit Reference Bureau. Some apps check your credit history before lending. Of course, this depends on how good or bad your credit is. The advantage of loan apps is that not all of them in Kenya check with the CRB before lending you money. Loan Apps without CRB checks are crucial for survival for several Kenyans. Let’s face it: all our banks in Kenya will offer you loans, but only if you present them with your credit history. If traditional loans don’t suit you, these no-CRB-check apps provide a fast, easy, and user-friendly alternative.
Why CRB Checks in Kenya Is Important
Credit Reference Bureau (CRB) checks play a pivotal role in the financial system in Kenya. Financial institutions use these checks to assess a person’s creditworthiness based on past financial behaviour. A CRB report contains details of one’s credit history, including loans taken, repayment patterns, and any defaults. This is crucial because a negative CRB report can limit access to traditional banking services, making securing loans challenging for those with a poor credit history. As a result, loan apps that do not require CRB checks have become a critical alternative for individuals facing such financial constraints.
Now, let us get started.
Loan Apps Without CRB Checks in 2024
If you want to borrow money, many financial lenders in Kenya will always want to know about your credit score. There is a good reason why most microfinance in Kenya will always do this to give you instant loans. No one would want to lend to someone unwilling to repay. But what if you could obtain a loan without providing your credit history? This is the niche that loan apps without CRB checks fill. As of the article’s writing, many apps give you loans without checking with CRB. This is excellent news if your credit history could be better.
Here is what to know:
1. Tala Loan App(Android)
Tala is one of the oldest and most popular money-lending applications in Kenya. Tala offered different types of loans, including loans without a CRB check. To apply for the loan product, you must download the application and Register your details. After registering, the Tala loan app will assess your creditworthiness using its homemade app algorithm that considers factors you provide during registration. Tala loans typically have a repayment period of 30-90 days. The interest rate on Tala loans, generally around 11% monthly, varies depending on the borrower’s creditworthiness.
2. Branch Loan App(Android)
Branch Loan App offers various types of loans without CRB Check. What sets Branch Loans apart is that they are easy to use, and No hidden fees are applied. Besides that, the Branch Loan App has been in the market for a long time, and as of 2024 , the Branch Loan app has attracted over 10 million users. They offer many different types of loans with loan amounts ranging from Ksh. 250 to Ksh. 70,000, with repayment periods of 7 to 61 days. The interest rates on Branch loans are high, ranging from 15% to 35% per month.
3. Zenka Loan App(Android)
Zenka loan app is another great Loan App that has been Trending. If you are looking for small amounts of loans with short repayment terms, then Zenka should be an option. In addition to benefiting from Zenka, you will need to get the app from your App Store and register your account before you can apply for any Loan Product. The loan amounts range from Ksh 500 to Ksh 50,000, while the interest rate varies depending on your loan amounts; however, they range from 9% to 30%. If you fail to repay your Zenka loan on time, you will be charged a late fee of 10% of the outstanding loan balance.
4. Opesa Loan App
Opesa Loan App offers loans in Kenya ranging from Ksh 1,500 to Ksh 50,000, with a repayment period of 91-365 days. In addition, the platform charges a one-time facilitation fee of 9.2% and an annual percentage rate (APR) of 36%. Moreover, they also offer loans without CRB check, and you can get started by downloading the app and applying for your desired loan.
5. Meta Loan App(Android )
Although relatively new to digital lending, the Meta Loan app has been on track for offering loans that do not require CRB CHECK, making it a popular option for borrowers denied loans from other lenders. The Meta app provides loans ranging from Ksh. 1,000 to Ksh. 100,000. The interest rate on Meta loans is 15% per annum. Repayment periods range from 1 to 12 months.
6. Bayes Loan App
Bayes Loan App is relatively new, having launched in 2021, but it has quickly become one of Kenya’s most popular loan apps. Much like the Tala Bayes app, it uses the information you provide during registration to determine your loan amount. Bayes loans have a repayment period of 30-90 days.
7. Zash Loan App(Android)
Zash Technologies Limited, a Kenyan fintech company, develops the Zash Loan App. The platform offers loans ranging from Ksh. 500 to Ksh. 10,000, with repayment periods of 30 to 90 days. On the other hand, they usually charge interest rates of 12% to 24% per annum, higher than those charged by banks and other traditional lenders.
List of all 70 Loan Apps Without CRB Check in Kenya
Aside from the loans mentioned above, 70 Loan apps in Kenya also offer Loans without asking for your credit history. Here is a list of all of them:
- Usawa Loan app
- Kano Loan App
- Upazi loan app
- Dolax loan app
- Craft loan app
- Utajiri loan app
- i-Save Mobile
- Lendi mkopo
- Okoa Cash Loans
- Fuliza Branch
- Kopa Jirani
- Zash Loan
- Kava Personal Loans
- Palm Loans Kenya
- Afrika loans
- Mshiko Chap
- Kenya Quick Loan Shop
- MKash Bee
- Peso Loans
- Hela Pesa
- Eazzy Loans
- Fululiza Senti
- Fair Money
- Lendy LOANS
- Umba (Formerly Mkopo Kaka)
- Okoa 0% Interest Loans
- Kash Pesa Loans
- Fair Branch: Instantly and Accuracy
- Top Loan Lenders
- HiCash Quick and Easy Loans to MPESA
- Loans Chap Chap
- Izwa Loans
- Fintech Loans
- Imarika Credit
- Okolea Quick Loans
- Okoa Pesa pap
- Kenya Quick Loans Market
- Instant Cash- Reliable Money
- Phedha Loans
How to Choose the Right Loan App
Emergencies can happen at any time. When situations like this happen, you will be required to use the money you have saved to mitigate the challenge on your way, but what if you don’t? In situations like this, a loan App can help you. Having the proper application that will keep you from going down when in need is advised. However, what if you need clarification on the numbers? Here are some simple tips to help you decide.
First, look at how much the app will let you borrow. You only want to take what you need. Also, check how long you have to pay it back. Shorter times can mean higher payments, so ensure it fits your budget. Next, think about the interest rate. That’s the extra money you pay for Borrowing. A lower rate is better because it means you pay back less money. Some apps have high rates, especially if they don’t check your credit score. That number says if you’re good at paying back money. It’s also wise to see what other people say about the app. Good reviews mean it’s a good choice. But bad reviews? Be careful.
Expert tip: However, being blacklisted does not mean it’s impossible to secure a loan. Loan apps may still lend to you without a CRB check.
Which app gives a loan in 5 minutes?
Tala Loan App is a reliable platform for those seeking instant online loans. With Tala, you can get loans up to ksh 50,000. Take note that the Tala Loan app does not need to check CRB records for you to get a loan.
Can I get a loan while blacklisted in Kenya?
In Kenya getting a loan while you have been blacklisted can be challenging. No one would want to offer loans to someone with a low CRB rating; that is the main reason. However, this does not mean that you cannot get a loan if your name is blacklisted from borrowing. Some loan apps still offer Loans when you have been blacklisted. You can start by checking the following:
- i-Save Mobile
- Lendi mkopo
- Okoa Cash Loans
We hope this guide helps you navigate the landscape of loan apps in Kenya, especially if you’re seeking options without CRB checks. Should you have any further questions or require personalized advice to choose the loan app that best suits your needs, please do not hesitate to reach out.