Zenka Finance is one of the most popular payment loan apps in Kenya. It is a popular and rapidly growing flexible personal loan platform, empowering Kenyans to take more control over their finances. With a simple registration and application process, Kenyan users will receive their loans straight into their M-Pesa accounts, in just 5 minutes!
How does Zenka work?
Zenka is a mobile app, which is easy to download and use. To use the service, users simply need to download the app, and install it on their mobiles.
After the app has been downloaded, users can choose how much money is needed, then sign-up, create an account, and submit an application. Once the application is approved, the loan will be available via the user’s M-Pesa account.
Customers can choose a loan amount between KSh 500 and KSh 30,000 ($4.60 USD - $ 276.28 USD)
Zenka offers loans with 61-day term, which is payable in 2 instalments
Zenka’s processing fee ranges from KSh 45 – KSh 870 ($0.41 USD - $ 8.01 USD), which is a one-time charge.
To use Zenka, customers need to be residents of Kenya, and have access to an M-Pesa account.