Zenka Digital, a mobile-based lending platform, has made a significant impact in the Kenyan market, with a substantial user base of over 5 million downloads. In this article, we will provide a comprehensive analysis of the platform, highlighting its strengths and limitations, to aid individuals in making a well-informed decision when seeking loans. Through a detailed examination of the features and capabilities of Zenka Digital, you will gain a deeper understanding of the app and be able to evaluate whether it aligns with their lending needs.
Here are important details about the Zenka loans app you need to know
|Access Application||Google Playstore/ Apple Store|
|Download Size||11-12 MB|
|Required OS||Android 4.4 onwards|
|Offered By||Zenka Digital|
|Alternative Application Method||N/A|
|Registration fee||First-Time Interest of 9%-39%|
|Loan limit (KES)||500-30,000|
|Interest rate||70.1% per annum|
|Repayment window||61-180 days|
|Additional charges||Defaulters’ Interest|
|Age Limit||18 Years|
|Minimum Requirements||National ID, M-Pesa History|
|Repayment Paybill Account Number||979988 |
Your Registered Phone Number
- No hidden fees
- Very simple and easy to register
- Disbursement of the loan is very fast
- The mobile-based lender shares your location, your name, User ID, financial information and device IDs with third parties.
- Users have reported difficulty accessing another loan after repayment of the previous one.
- High-interest rates
Zenka Loans App has a wide array of permissions as listed below;
- Financial info
- App Activity, info and performance
- Device ID
How do I check my Zenka Loan Limit?
Being a first-time user or not, checking your loan limit is a really simple process. All you need is the application and you are good to go. Here are the steps:
- Log in to your Zenka account
- Details of your loan limit will be displayed in the app. Otherwise, the app will advise you to try again later.
- You can also call or email Zenka Digital support.
CONTACTS Phone: +254 (0) 207650878 E-mail: [email protected] Facebook Page Address Line Mirage Tower 2, 12th floor, P.O. BOX 29107-00100 Nairobi Kenya