The current economy in Kenya is not for the faint-hearted. Inflation has rendered many households helpless when it comes to finances. It doesn’t matter how much money you make, especially if it’s legal, at some point you might have to source for a loan. Most loan companies and apps, like Kenyan politicians are like wild beast predators waiting to pounce on you. In this case, you need to be well informed on where to seek your help from. Mobile apps come in handy due to their instant availability but remember that comes with a cost.
Among the factors you need to consider before taking the loan are the interest rates and the repayment period. For me, the repayment period carries weight more than the interest. This is because I can plan for 31 days rather than 7 days. In this article, I will take you through mobile loan apps with 30 days repayment period. These are the apps that I have personally used and can recommend.
FlashPesa
On Play Store it has a rating of 4.6 which is quite good compared to others. The app has been downloaded a million times despite it being new in the market. They are swift with disbursement of funds and their follow-up is very civilized.
If you know what I mean, they are not like those uncivilized creatures that will even call your ex. Before I forget, they will not ask you for a selfie in the middle of the night like a certain app here that I can’t mention. They start with 15 days, 21, and then 31 days. They have redeemable gift vouchers too.
Zenka
Zenka mobile loan app is synonymous with most of you due to its longevity in the market. It has a rating of 4.2 and more than 5M downloads on the Play Store. They also give loans for up to 30 days. The unique thing about them is that you can extend the loan repayment period for either 7, 14, or 30 days. If you have to extend then the 30 days makes a lot of sense.
If you use my promo code to download the Zenka app HERE I will get Ksh 300 on my next loan. Please consider. Thank you.
Timiza Mobile Loan App
Timiza mobile loan app is owned by ABSA Bank. They are one of the best apps for instant mobile loans. The app provides a 30-day repayment period. A one or two-day delay won’t do much damage either. However, they are very strict and I think they do check your CRB status before they give you a limit.
Zash Loan
Zash Mobile Loan app has also been here for some time. They have come through for me when I needed them most. Theirs is not 30 but 28 days. The app also gives points when you borrow and repay on time. The points can be used to increase your limit or act as coupons.
Kashbean
Kashbean is the last app I will look at today. After several loans with them, they moved me from 14 days to 30 days.
Bonus Apps
Other apps that I can recommend include Tala, Branch, SC Juza (from Stanchat Bank), KCB M pesa, M Shwari, and LendPlus. This is because they either have a fair repayment period and fair interest rates or they don’t act dumb during recovery when you delay. I will update this article with more mobile loan apps with 30 days repayment period so please keep checking us.
Bonus Tips
- Timely repayment of loans is important. Things go the unexpected way sometimes but when you can try and repay your loans on time.
- Avoid mobile loan apps at all costs. They can mess you up almost forever. If you can get money elsewhere the better.
- Mobile loans are supposed to be taken as a last resort.
- The repayment period is more important than the interest rate.
- You can also try Hustler Fund
