Accessing credit is a critical step in achieving financial stability and growth. In Kenya, a robust credit score is the golden ticket to traditional loan avenues. However, this path isn’t always accessible for everyone. Many Kenyans face the challenge of a low credit score, which acts as a barrier to these conventional loans.

The Hurdle of CRB Checks and the Alternative Path

A common hurdle with mobile loan apps is the dreaded credit reference bureau (CRB) check, an obstacle for those with less-than-stellar credit histories. But don’t lose hope just yet. In this article, we will provide you with a comprehensive list of loan apps in Kenya that do not check CRB status. These apps can be used by anyone, regardless of their credit score, to access credit.

A Closer Look at the Central Bank of Kenya’s Stance

The Central Bank of Kenya has stepped in, restricting certain lending institutions from tapping into CRB records. This move, rooted in past abuses and a lack of regulation, aims to safeguard Kenyan consumers and ensure the accuracy of creditworthiness assessments.

Your Go-To List for CRB-Free Loan Apps in Kenya

Without further ado, here’s an updated list of mobile loan apps in Kenya that won’t check your CRB status as of 2024:

1. Afrika loans
2. Aspira
3. Carbon
4. Craft loan app
5. Dolax loan
6. Duta
7. Eazzy Loans
8. Fair Branch: Instantly and Accuracy
9. Fair Money
10. Fintech Loans
11. FlashPesa
12. Fadhili Loan app
13. Fuliza Branch
14. Fululiza Senti
15. Hela Pesa
16. HiCash Quick and Easy Loans to MPESA
17. Hikash
18. Imarika Credit
19. Instant Cash- Reliable Money
20. Investor
21. iPesa
22. Izwa Loans
23. Kano App
24. Kash Pesa Loans
25. Kashway
26. Kava Personal Loans
27. Kenya Quick Loan Shop
28. Kenya Quick Loans Market
29. Kopa Jirani
30. Kuwazo
31. Kua
32. Lendi mkopo
33. Lendy LOANS
34. LionCash
35. Loanika
36. Loans Chap Chap
37. M-KOPAY
38. MB-Kash
39. MKash Bee
40. Mshiko Chap
41. Okash loan
42. Okoa 0% Interest Loans
43. Okoa Cash Loans
44. Okolea Quick Loans
45. Okolea loan app
46. Palm Loans Kenya
47. PesaFlash
48. PesaPata
49. Peso Loans
50. Pezesha
51. Phedha Loans
52. Saida
53. Senti
54. Stawika
55. Top Loan Lenders
56. Tunzi
57. Umba (Formerly Mkopo Kaka)
58. Upazi loan
59. Usawa app
60. UbaPesa
61. Utajiri loan app
62. Zenka
63. Zash Loan
64. tumaPesa

Why These Apps Don’t Use CRB Records

As you can see, these loan apps do not have a commercial bank behind them, which is why they cannot access CRB records. The move was meant to protect Kenyans from these loan apps.

A Word of Caution

It’s worth noting that some loan apps have ceased operations due to the high risk of lending without proper credit risk assessments. If an app isn’t listed on the Google App Store, it’s wise to steer clear, especially since Google has delisted some for various reasons.

Read also: Top Loan Apps in Kenya 2024: Find the Best Mobile Lending Apps

How to Select the Right Loan App for You

When faced with a plethora of loan apps, how do you pick the right one? Here are some key considerations:

Loan Amount

Consider the loan amount you need and whether the loan app can fulfill your financial needs. Note that some loan apps offer higher loan amounts than others, so select an app that can accommodate the specific amount you require.

Interest Rates

Before choosing a loan app, compare the interest rates as they vary, and choosing a lower rate can save money in the long run.

Repayment Period

Choosing the right repayment period for a loan is crucial. It’s important to select a repayment period that fits your financial situation comfortably and allows you to repay the loan without straining your finances.

User Reviews

Check out user reviews of the loan app to get a sense of its functionality and reliability. Head over to Google Play or the App Store to see what other users are saying. If you come across a loan app with mostly negative reviews, it’s probably best to explore other options.

Customer Support

Choose a loan app with top-notch customer support to ensure you get the assistance you need throughout the loan application process. Be cautious of apps with unreliable customer support that could potentially cause inconvenience and harm your reputation.

Conclusion

In conclusion, mobile loan apps that do not check CRB status in Kenya can provide you with the financial support you need without the need for a credit reference bureau check. With this comprehensive list of loan apps, you can find one that suits your needs and offers you the best loan terms.

Remember, while these loan apps may not require a CRB check, it’s essential to borrow responsibly and only borrow what you can afford to repay. Always read the loan agreement carefully and make sure you understand the terms and conditions before accepting the loan.