Best Loan Apps - Simple, Swift, Quick Instant Loan

Wondering where you can access quick loan or credit via your mobile phone? Best Loan apps is here for you.

Best loan apps provides a curated list of top mobile loan apps in various countries. It thus gives you the opportunity to choose from a variety of the best quick loan lenders.

RATES AND FEES
Repayment Terms
This ranges from a minimum of 61 days to 365 days
APR : varies from one app to the other as well as one country to the other. But it averagely ranges between 21% to 36%
Loan amounts also vary with apps and countries for example in Kenya the average amount is between Ksh 250 to Ksh 70,000

NB: The rates, terms and conditions for the loans vary with different apps and countries. Therefore we strongly urge you to go through the rates, terms and conditions of the app you are interested in borrowing from for you to make a more informed decision.

Examples of Apps and their rates in different countries
1. Branch
Kenya
Loan Amounts: Ksh 250 to Ksh 70,000
APR: 22% to 240%
Example Fees: For a loan of Ksh 10,000, a flat fee of Ksh 2,160. No late fees, rollover charges, or origination fees.

Nigeria
Loan Amounts: ₦1,000 to ₦200,000
APRs: 33% to 261%
Example Fees: For a loan of ₦40,000, a flat fee of ₦8,800. No late fees, rollover charges, or origination fees.

Mexico
Loan Amounts: $200 to $20,000
APR: 29% to 487%
Example Fees: For a loan of $3,250, a flat fee of $1,250. No late fees, rollover charges, or origination fees.

India
Loan Amounts: INR 750 to INR 50,000
APR: 31% to 36%
Example Fees: For a loan of INR 9,000, an interest fee of INR 548, a processing fee of INR 800, and GST of INR 144. No late fees or rollover charges.

2. Carbon
A Carbon loan attracts a one-off fee of 15% for the principal borrowed. It is intended to meet urgent, short-term cash needs. Loans range from Ksh 400 to Ksh 50,000 with repayment terms of up to 64 weeks. We also do NOT charge any additional fees for late repayments or processing costs.

3. Tala
Terms and Conditions: Tala charges a one-time service fee of 5-33%* of principal amount. Repayment schedules may vary. There is no minimum payment period for repayment; customers may make payments towards their principal at any time following disbursement. A one-time late fee of 8% of principal amount and interest may be applied to loans past due. No other fees will be charged after this time. Additional terms and conditions apply.
*Effective APR: 52.7-231%. Tala will never charge you more than the amount of your service fee (plus a one-time late fee if you do not pay by the due date). Fees do not compound or accrue.

Note : The app does not provide loans, it just points you to a curated list of apps that offer loans(third party lenders).

Disclaimer : The RATES AND FEES stated above are just an average of what various apps provide in various countries and are not the same for all of them as demonstrated by the examples above. Therefore the installation and thereafter use of any of the apps suggested is the sole discretion of the user and we don't take any responsibility.

CONTACT US

We're always happy to hear from you! Feel free to write to us at [email protected] in case you have any category or app that you would like to see on the list or if you have any feedback, comment or complaint.
Facebook page: @bestloanapps