The mobile credit apps in Kenya which are collateral-free and require little to almost none verification and evidence have grown so much it is now euphoria.

Indeed Kenya can now be accurately termed as a borrowing nation owing to its large appetite for loans.

If the government is not into Euro-bonds and Chinese Yuan, the mobile lending platforms are flocked by a majority of the middle to low-income earners for their sustenance.

Due to the desperation to borrow funds, most lenders may take advantage of this by charging higher interest rates while offering short repayment periods.

Below we will look at some of the credit Apps in Kenya and the various interest rates that they charge.

**OKOLEA – 2 (5%) and 28 (15%)**

This is a 2 to 28-day loan Minimum loan amount given is KES 600.

With regular repayments, the App offers multiple loans up to 3 times your limit.

**2. TIMIZA – 6.08% ( 1.083% interest fee + 5% facilitation fee )**

This is a 30-day loan whose minimum borrowing amount is KES 50.

For example, if you borrow KES 1000, your interest will be 60.8%, therefore, the total repayable amount will be 1060.

**3. KAKITU LLC – 2 days (7%) and 25 (30%)**

This is a 2 to 25-day loan The Minimum loan amount given is KES 300.

Apart from loans, Kakitu also offers its customers a salary advance with no security required.

**4. TALA – 30 days ( highest at 15% but can lower to 7% for repeat customers in good standing ) and 21 days ( highest at 11% but can lower to 5% )**

This is a 21 day and 30-day loan whose minimum borrowing amount is KES 500.

For example, if you borrow KES 1000 for 21 days, your interest will be 110, therefore the total repayable amount is 1110

If you borrow KES 1000 for 30 days, your interest will be 150, therefore the total repayable amount is 1150.

**5. ****HF WHIZZ**** – 30 days (7.73%)**

This is a 30-day loan the Minimum loan amount given is KES 1000.

**6. SAIDA – Highest at 15% but can lower to 9% as you repay your loans on time.**

This is a 30-day loan whose minimum borrowing amount is KES 600.

For example, if you borrow KES 1000, your interest will be 150, therefore the total payable amount will be 1150.

**7. PEZESHA 30 days (8-25%)**

This is a 30-day loan whose minimum loan amount given is KES 500. A user can be both a lender and a borrower at the same time.

**8. BRANCH – 30 (13%) and 60 (29%) **

This is a 30- 60-day loan whose Minimum loan amount given is KES 250.

Branch offers its customers up to KES 70,000 of the loan amount. with a monthly interest of 2% – 16%.

**9. OKASH – 14 days ( 14% ) and 21 days ( 16.8% )**

This is a 14 day and 21-day loan whose minimum borrowing amount is KES 2500.

For example, if you borrow KES 2500, for 14 days, your interest will be 350, therefore the total payable amount will be 2850.

If you borrow, KES 2500 for 21 days, your interest will be 420, therefore the total payable amount will be 2920.

**10. LOAN BEE – 21 days ( 16.7%) and 30 days ( 18.8%)**

This is a 21 day and 30-day loan whose minimum borrowing amount is KES 100

For example, if you borrow KES 1000, for 21 days, your interest will be 167, therefore total payable amount will be 1167

If you borrow KES 1000, for 30 days, your interest will be 188, therefore the total payable amount will be 1188.