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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 

New Loan App Kenya

Quick Comparison of New Loan Apps in Kenya (2026)

App NameLoan AmountRepayment PeriodAPRBest For
BorelezaKES 3,500 – 18,000120 – 180 days73% – 93%Medium-term loans
ChapaaNowKES 5,000 – 100,00091 – 365 days10% – 30%Low interest loans
Sulu CashKES 1,000 – 50,00091 – 180 days15% – 35%Fast M-Pesa loans
PesaInKES 1,000 – 150,00061 – 91 days18.5% – 65.5%High loan limits
TumaCashKES 1,000 – 90,00091 – 360 days14% – 30%Flexible repayment
ZigiKES 6,000 – 40,000Based on salaryNo mandatory feesSalary advance
Parallel CardKES 6,000 – 40,000180 – 280 days12% – 30%Credit line users
DG LoanKES 1,000 – 50,00091 – 360 days12% – 36%Instant loans
Tuma LoanKES 1,000 – 60,00091 – 360 days18% – 36%Emergency loans
Raha PesaKES 5,000 – 500,00091 – 180 days16% – 34%Very high limits
Bright CashKES 5,000 – 550,00091 – 180 days15% – 20%Large low-interest loans
Tena PesaKES 1,200 – 90,00091 – 210 daysUp to 19%Affordable loans
Loop PesaKES 6,000 – 40,000100 – 300 days13% – 29%Credit line
FizaKES 800 – 10,00061 – 91 days16% – 65.5%Small quick loans
Nyota LoansKES 1,000 – 100,00091 – 365 days9% – 36%Flexible personal loans
Turning CreditKES 6,000 – 40,000100 – 300 days13% – 29%Revolving credit
Eleven KeshKES 6,000 – 40,00092 – 180 days12% – 26%Salary advance
Apex LoanKES 500 – 100,00091 – 180 days10% – 33%All-purpose loans
Hypera CashKES 100,000 – 200,000120 – 180 days36.5% – 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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Location: Nairobi, Kenya

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