Whenever you have an emergency or an urgent financial need, you can always get a loan to access quick cash. However, you need a good credit score and CRB clearance to get a loan in Kenya.
Unfortunately, more than 2 million Kenyans are blacklisted on CRB. But, if you are among the people blacklisted on CRB, don’t fret. You can still get quick cash if blacklisted on CRB in Kenya. All you have to do is to use the best mobile apps without a CRB check. And we have done all the work for you. We’ve compiled a list of the best loan apps in Kenya without CRB.
First Things First, What is CRB?
CRB is short for Credit Reference Bureau. This is a body licensed by the Central Bank of Kenya to collect and store data on borrowers. Additionally, the entity creates credit reports to show a borrower’s debt repayment history.
Here in Kenya, most lenders and financial institutions require borrowers to conduct a CRB check to get a loan. But luckily, you can still get quick cash when you use some of the best loan apps in Kenya without CRB check.
Best Loan Apps in Kenya Without CRB
Let’s have an in-depth review of some of the best mobile loan apps without CRB in Kenya.
Tala
Since Tala was first launched in 2014, the Tala loan app has been helping millions of Kenyans to get a loan without a CRB check. It is also a highly rated mobile loan app when you need quick cash for an emergency.
Tala will check your Mpesa messages to determine your eligibility. Borrowers can borrow from as low as Kes 500 to Kes 30,000 at a rate of 4% to 15%.
Okash Safe Loan App
Okash is a Kenyan-based online micro-lending service operated by TenSport Kenya Limited. It has a rating of 4.2 on Google Playstore, thanks to its fantastic interface, ease of use, and timely loan disbursement. You can borrow as much as Kes 50,000 from 1% to 36%.
Fadhili Loan App
Fadhili Loan App is an excellent alternative for those who want to access Mpesa finance anytime. You don’t need paperwork or registration fees to get a quick loan through the Fadhili mobile loan app.
What’s more, Fadhili offers quick loans from as low as Kes 500 to Kes 1 million. The repayment period is 91 days to 36 months with a rate of 12%.
Kashbean – Instant and Safe Loan
Whether you need money to grow your business or solve any other financial need, Kashbean is among the best instant loan apps in Kenya to turn to. The good thing with Kashbean is that you don’t need a CRB check or registration fee to get a quick loan.
You only need to submit your ID, income info, three emergency contact persons, and a selfie. Then, you can borrow from Kes 1,500 to be repaid within 7 to 14 days at a rate of 30%. You can receive the funds via Mpesa or through the App.
Creditmoja
With over 1 million downloads on Google Playstore, Creditmoja Loans is another great loan app in Kenya that does not ask for a CRB check. According to its users, Creditmoja approves loans much faster than most apps.
Not only that, but Creditmoja also increases your limits when you repay your loan in time. Once approved, your loan will be sent through the Mpesa number you provided.
Then, Creditmoja checks your mobile phone data to determine your eligibility. Loans range from Kes 2,500 to Kes 50,000.
READ ALSO: The Best Loan Apps in Kenya Without Registration Fee
Stawika
Stawika is another excellent app for getting a quick loan for emergencies and other needs. Its users report that it is one of the swiftest apps regarding registration and loan disbursement.
Moreover, the App does not require CRB clearance. Instead, the App will request access to your days to determine your eligibility and loan limit.
Once the loan is accepted, your Mpesa account is credited instantly. As a result, you can borrow as much as Kes 70,000 at a rate of 7% to 21 %.
Opesa Safe Credit Loan App
Opesa Safe Credit Loan App has a rating of 4.1 and over 1 million downloads on Google Playstore, thanks to its reliability, ease of use, and fast disbursements.
Users say that Opesa increases the loan limits with consistent loan repayments. The App allows you to borrow anywhere from Kes 1,500 to Kes 50,000 at a rate of 36%.
Branch Loan App
Branch Loan App is perhaps the most fantastic loan apps in Kenya without CRB. Unsurprisingly, Branch has a rating of 4.4 and more than 10 million downloads on Google Playstore.
Branch allows borrowers to borrow from Kes 150 to Kes 100,000 at a rate of 2% to 18%, depending on their risk profile. Repayment periods start from 61 days to 1 year.
iPesa Loan App
iPesa is a mobile loan app that allows borrowers to access quick money without visiting a bank. Like other apps, iPesa does not require a CRB check.
Instead, the App will analyze your mobile phone data to determine your creditworthiness and loan limit. Although it’s relatively new in the market, iPesa already has more than 1 million downloads and a rating of 4.2 on Playstore.
You can borrow anywhere from Kes 500 to Kes 50,000 at 36% to 72% per year. The loan term is 91 days to 180 days.
Fairkash Loan App
Fairkash Loan App has a rating of 4.5 and more than 1 million downloads on Google Playstore, thanks to its ease of use, convenience, responsiveness, and user-friendly interface.
The App allows borrowers to borrow up to Kes 50,000 at an annual interest rate of 16% to 21 %. The loan term is 91 days to 365 days.
Final Thoughts
There you go, your complete list of the best mobile apps in Kenya without CRB. So the next time you have an emergency, turn to one of these loan apps in Kenya without CRB to get a quick loan.
