14 LOAN APPS THAT DO NOT CONSIDER CRB LISTING

In Kenya, Credit Reference Bureau (CRB) listing has become quite common among individuals who default on loans. This listing can make it difficult to access loans in the future since lenders are hesitant to give loans to individuals with a poor credit history.

However, there are still a few loan apps in Kenya that don’t consider CRB listing when processing loans. Here are 14 loan apps in Kenya that you can consider:

1. Tala: Tala is a popular loan app in Kenya that offers loans from KSh 1,000 to KSh 50,000. Tala evaluates the creditworthiness of borrowers based on their smartphone data and financial history.

2. Branch: Branch offers loans from KSh 1,000 to KSh 50,000. The app’s algorithm evaluates the borrowers based on their phone and Facebook activity. Branch also offers a referral program that allows borrowers to earn cash rewards for referring friends.

3. Saida: Saida offers loans of up to KSh 25,000 to borrowers. The loans are disbursed within 3 hours of application approval. The app evaluates the borrowers based on their financial activity, including their mobile money transactions.

4. Okash: Okash is an app that offers loans from KSh 2,500 to KSh 50,000. The app is developed by Opera Group and evaluates the borrowers based on their smartphone data, including SMS and call logs.

5. Zenka: Zenka offers loans from KSh 500 to KSh 30,000. The app makes use of machine learning algorithms to evaluate borrowers based on their creditworthiness.

6. Pezesha: Pezesha is a peer-to-peer lending platform that offers loans of up to KSh 50,000. The app evaluates borrowers based on their creditworthiness, a credit score, and transaction history.

7. Stawika: Stawika offers loans of up to KSh 50,000. The app evaluates borrowers based on their digital footprint, including their M-Pesa and airtime transactions.

8. Timiza: Timiza is a loan app by Barclays Bank that offers loans of up to KSh 4,000,000. The app evaluates borrowers based on their creditworthiness and transaction history on the app.

9. KCB M-Pesa: KCB M-Pesa is an app by KCB Bank that offers loans of up to KSh 1,000,000

10. HF Whizz: HF Whizz is a loan app that offers loans of up to KSh 50,000. The app makes use of credit scoring models to evaluate the borrowers based on their creditworthiness.

11. PesaPata: PesaPata offers loans ranging from KSh 500 to KSh 5,000 with flexible repayment periods. The app evaluates borrowers based on their M-Pesa transaction history and other factors.

12. iPesa: iPesa offers loans of up to KSh 50,000. The app evaluates the borrowers based on their previous loan defaults, mobile transactions, and other factors.

13. Kopacent: Kopacent offers loans starting from KSh 5,000 with repayment periods ranging from 1 to 6 months. The app evaluates the borrowers based on their M-Pesa transaction history and other factors.

14. PesaZone: PesaZone is a loan app that offers loans of up to KSh 50,000. The app evaluates the borrowers based on their creditworthiness, transaction history, and other factors.

In conclusion, the loan apps mentioned above offer a way out for individuals who have been listed on CRB. While these apps may offer more lenient loan processing requirements, borrowers are advised to take only the amount they can afford to repay. Borrowers should also ensure they repay their loans on time to avoid damaging their creditworthiness in the long run.