Zenka Loan App: How to Apply for Mobile Loans in Kenya

Address: 12th floor, Mirage Tower 2, Nairobi.
Phone: +254 (0) 207650878
Email: support@zenka.co.ke
Social Media: Facebook Page

Zenka is a mobile loan app that provides short-term loans to individuals in Kenya. The app was launched in 2018 and is available on Android and iOS platforms.

To use the app, you need to download it from the Google Play Store or the Apple App Store and create an account. You’ll be asked to provide personal information such as your name, phone number, and ID number. Once your account is set up, you can apply for a loan by selecting the loan amount and repayment period.

How the App Works

Zenka uses a proprietary credit scoring system to determine loan eligibility and interest rates. The loan amounts range from Ksh 500 to Ksh 30,000, with repayment periods ranging from 30 to 90 days.

To repay the loan, you can use M-Pesa or Airtel Money. If you fail to repay the loan on time, you’ll be charged a late payment fee of 10% of the outstanding balance.

Overall, Zenka is a convenient and accessible loan app that provides short-term loans to individuals in Kenya. However, it’s important to borrow responsibly and ensure you can repay the loan on time to avoid late payment fees and potential damage to your credit score.