Zenka Instant Loan
Pros
- +Instant approval within 1 minute
- +Loans from KES 500 to KES 30,000
- +No paperwork or documents needed
- +Disbursement directly to M-Pesa
Compare Zenka Instant Loan and MoKash Instant Loan side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best fast loans for you.
| Feature | Zenka Instant Loan Zenka Finance Limited | MoKash Instant Loan NCBA Bank / MTN |
|---|---|---|
| Interest Rate | 9% - 15% p.a. Best Rate | 9% p.a. |
| Loan Amount Range | KES 500 - KES 30,000 | KES 500 - KES 150,000 |
| Repayment Period | 7 - 90 days | 7 - 30 days |
| Fees | Processing: 0% | N/A Lowest Fees |
| Key Features |
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| View Details & Apply | View Details & Apply |
Zenka Instant Loan offers a more competitive interest rate starting at 9% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. Zenka Instant Loan from Zenka Finance Limited may be better for Instant approval within 1 minute, while MoKash Instant Loan from NCBA Bank / MTN excels at Instant loan via MTN Mobile Money.
Zenka Instant Loan from Zenka Finance Limited offers rates from 9% p.a. with loan amounts up to KES 30,000. MoKash Instant Loan from NCBA Bank / MTN offers rates from 9% p.a. with loan amounts up to KES 150,000. Compare features, fees, and eligibility requirements above.
Approval times vary: Zenka Instant Loan typically takes 24-48 hours, while MoKash Instant Loan processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many fast loans are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.