New Loan Apps in Kenya (2026) : Full List of CBK-Approved Apps, Limits, Rates & How to Apply For Instant M-Pesa Loans
If you're looking for new loan apps in Kenya, this updated 2026 guide covers the latest CBK-licensed digital lenders, their loan limits, interest rates, repayment terms, and how to apply.
All the apps listed here are approved and regulated, meaning they follow Kenya’s digital lending rules on transparency, pricing, and data protection.
Read Also; The Best Loan Apps In Kenya Today
Quick Comparison of New Loan Apps in Kenya (2026)
| App Name | Loan Amount | Repayment Period | APR | Best For |
|---|---|---|---|---|
| Boreleza | KES 3,500 – 18,000 | 120 – 180 days | 73% – 93% | Medium-term loans |
| ChapaaNow | KES 5,000 – 100,000 | 91 – 365 days | 10% – 30% | Low interest loans |
| Sulu Cash | KES 1,000 – 50,000 | 91 – 180 days | 15% – 35% | Fast M-Pesa loans |
| PesaIn | KES 1,000 – 150,000 | 61 – 91 days | 18.5% – 65.5% | High loan limits |
| TumaCash | KES 1,000 – 90,000 | 91 – 360 days | 14% – 30% | Flexible repayment |
| Zigi | KES 6,000 – 40,000 | Based on salary | No mandatory fees | Salary advance |
| Parallel Card | KES 6,000 – 40,000 | 180 – 280 days | 12% – 30% | Credit line users |
| DG Loan | KES 1,000 – 50,000 | 91 – 360 days | 12% – 36% | Instant loans |
| Tuma Loan | KES 1,000 – 60,000 | 91 – 360 days | 18% – 36% | Emergency loans |
| Raha Pesa | KES 5,000 – 500,000 | 91 – 180 days | 16% – 34% | Very high limits |
| Bright Cash | KES 5,000 – 550,000 | 91 – 180 days | 15% – 20% | Large low-interest loans |
| Tena Pesa | KES 1,200 – 90,000 | 91 – 210 days | Up to 19% | Affordable loans |
| Loop Pesa | KES 6,000 – 40,000 | 100 – 300 days | 13% – 29% | Credit line |
| Fiza | KES 800 – 10,000 | 61 – 91 days | 16% – 65.5% | Small quick loans |
| Nyota Loans | KES 1,000 – 100,000 | 91 – 365 days | 9% – 36% | Flexible personal loans |
| Turning Credit | KES 6,000 – 40,000 | 100 – 300 days | 13% – 29% | Revolving credit |
| Eleven Kesh | KES 6,000 – 40,000 | 92 – 180 days | 12% – 26% | Salary advance |
| Apex Loan | KES 500 – 100,000 | 91 – 180 days | 10% – 33% | All-purpose loans |
| Hypera Cash | KES 100,000 – 200,000 | 120 – 180 days | 36.5% – 73% | Large short-term loans |
Are These New Loan Apps Safe in Kenya?
Yes — these apps operate under Kenya’s digital lending framework.
This means:
- They disclose interest rates and fees upfront
- They follow data protection laws
- They are monitored to prevent harassment and unethical practices
👉 Always read the terms before applying and borrow responsibly.
Detailed Review of New Loan Apps in Kenya
🌹 Boreleza Loan App
Company: Boreas Limited
Loan Details:
- Amount: KES 3,500 – 18,000
- Repayment: 120 – 180 days
- APR: 73% – 93%
Example:
Borrow KES 18,000 → repay about KES 24,480
Pros:
✔ Transparent pricing
✔ Flexible repayment
Cons:
❌ High interest
📱 ChapaaNow Loan App
Company: Juventus Tech Limited
- Loan: KES 5,000 – 100,000
- APR: 10% – 30%
Pros:
✔ Low interest
✔ High limits
Cons:
❌ Fees vary by profile
⚡ Sulu Cash Loan App
Company: Jirani Labs Limited
- Loan: KES 1,000 – 50,000
- Instant approval
Pros:
✔ Very fast
✔ Good for beginners
Cons:
❌ Moderate rates
💸 PesaIn Loan App
Company: Wabema Credit Limited
- Loan: KES 1,000 – 150,000
- Term: 61 – 91 days
Pros:
✔ High limits
Cons:
❌ Short repayment
💰 TumaCash Loan App
- Loan: KES 1,000 – 90,000
- APR: 14% – 30%
Pros:
✔ Flexible repayment
Cons:
❌ Needs stable income
👔 Zigi (Salary Advance)
- Advance: KES 6,000 – 40,000
Pros:
✔ No traditional interest
Cons:
❌ Limited to employees
🔄 Parallel Card
- Credit line: up to KES 40,000
Pros:
✔ Pay interest only when used
🚀 DG Loan App
- Loan: KES 1,000 – 50,000
Pros:
✔ Instant approval
Tuma Loan App
Company: Futuris Tech Limited
- Loan: KES 1,000 – 60,000
- Term: 91 – 360 days
- APR: 18% – 36%
Example:
KES 10,000 → repay about KES 11,252
Features:
✔ Apply in 3 minutes
✔ Instant M-Pesa disbursement
✔ No hidden fees
✔ Available 24/7
Raha Pesa Loan App
Company: Mkulimapay Credit Limited
- Loan: KES 5,000 – 500,000
- APR: 16% – 34%
Example:
KES 5,000 → repay KES 5,225
Features:
✔ Very high limits
✔ No collateral
✔ Instant M-Pesa
Bright Cash Loan App
Company: Payablu Finance
- Loan: KES 5,000 – 550,000
- APR: 15% – 20%
Example:
KES 20,000 → repay KES 21,800
Features:
✔ Low interest
✔ Bank disbursement
✔ Large loan amounts
Tena Pesa Loan App
Company: Radi Finance
- Loan: KES 1,200 – 90,000
- APR: up to 19%
Features:
✔ Fast approval
✔ Flexible terms
✔ Secure platform
Loop Pesa Loan App
Company: Ajax Tech Co.
- Credit line: KES 6,000 – 40,000
- APR: 13% – 29%
Example:
KES 10,000 → repay KES 10,356
Features:
✔ Continuous borrowing
✔ One-time application
Fiza Loan App
Company: Wabema Credit Limited
- Loan: KES 800 – 10,000
- APR: 16% – 65.5%
Example:
KES 10,000 → repay KES 10,700
Features:
✔ Small quick loans
✔ Fast approval
Nyota Loans App
Company: Futureinno Digital Tech Limited
- Loan: KES 1,000 – 100,000
- APR: 9% – 36%
Example:
KES 2,000 → repay KES 2,272
Features:
✔ Transparent fees
✔ Flexible repayment
✔ Credit building
Turning Credit Loan App
Company: Ajax Tech Co.
- Credit line: KES 6,000 – 40,000
- APR: 13% – 29%
Example:
KES 1,000 → repay KES 1,035
Features:
✔ Reusable credit line
✔ No auto-debit
Eleven Kesh Loan App
Company: Faidika
- Advance: KES 6,000 – 40,000
- APR: 12% – 26%
Example:
KES 10,000 → repay KES 10,803
Features:
✔ Salary advance
✔ Fast approval
Apex Loan App
Company: Apex Lending Limited
- Loan: KES 500 – 100,000
- APR: 10% – 33%
Example:
KES 50,000 → repay KES 55,917
Features:
✔ CBK regulated
✔ Fast approval
✔ Secure system
Hypera Cash Loan App
Company: Hyperiom Limited
- Loan: KES 100,000 – 200,000
- APR: 36.5% – 73%
Example:
KES 200,000 → repay KES 248,000
Features:
✔ Large loans
✔ Transparent pricing
✔ Strong security
Fastest Loan Apps in Kenya
- Sulu Cash
- DG Loan
- Tuma Loan
- Fiza
Cheapest Loan Apps (Low Interest)
- ChapaaNow
- Bright Cash
- Tena Pesa
- Parallel Card
Tips to Get Approved
- Use active M-Pesa
- Start small
- Repay on time
- Avoid multiple apps
Important Borrowing Tips
- Always check total repayment
- Avoid late payments
- Borrow only what you need
FAQs
Which is the best new loan app in Kenya?
- Best overall: ChapaaNow
- Highest limits: Bright Cash / Raha Pesa
- Fastest: Sulu Cash
Do these apps send money via M-Pesa?
Yes, most apps disburse directly to M-Pesa.
Final Verdict
- Best overall: ChapaaNow
- Best for big loans: Bright Cash / Raha Pesa
- Best for emergencies: Sulu Cash / Tuma Loan
- Best flexible credit: Loop Pesa / Parallel Card
- Best for small loans: Fiza
Final Advice
These new loan apps offer fast and convenient borrowing, but always choose one that fits your repayment ability.
👉 The smartest borrower doesn’t pick the fastest loan — they pick the most affordable one.
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