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.

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.

Best Loan Apps In Kenya:For Fast Approvals, Large Loans via M-Pesa, Low Interest & No CRB or Collateral

Best loan apps in Kenya have transformed how people access credit, making it possible to receive instant cash directly to M-Pesa within minutes. Whether you need emergency funds, business capital, or personal loans, digital lenders now offer flexible borrowing without traditional paperwork or long bank processes. Today, borrowers can access loans ranging from as little as KES 500 to over KES 500,000, with repayment periods stretching from a few days to over a year. Some apps even provide loans with no collateral, no CRB checks, and instant approval based on mobile data and repayment behavior. This guide highlights the best loan apps in Kenya (2026) based on loan limits, interest rates, repayment terms, speed of disbursement, and suitability for different borrower needs. Read also; The New loans Apps In Kenya Comparison of Loan Apps in Kenya (2026) Loan App Loan Range Repayment APR Zash Loan 500 – 200,000 91–365 days 25% Branch 1,000 – 300,000 62–365 days ...

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