6 Online Emergency loans in Kenya (2024 Updated list)

The 6 online emergency loans in Kenya mentioned in this article are a smarter means to borrow and solve pressing needs. After all, unplanned and completely unpredictable events must always occur. We will be exploring some of the online emergency loans in Kenya.

How does an online emergency loan work

An online emergency loan is an online unsecured personal loan that allows you to get a loan online and pay for unexpected expenses. You need a smartphone to apply for an online emergency fund in Kenya. If they approve your loan, it gives you the power to own a fund solve your immediate problem, and pay back soon enough.

6 different online emergency loans in Kenya 2024

Currently in Kenya, online emergency loans are made accessible through apps. The current best online emergency loans in Kenya are:

1. KCB M-Pesa loans 
2. M-Shwari online loans
3. Utunzi online loan
4. Tala loans
5. Branch loans 
6. Timiza loans

How to apply for online emergency loans in Kenya 2024

To apply for an online emergency loan, follow the procedure:

1. Download the app from the Google Play store 
2. Install and register your details on the ap
3. Submit all necessary documents. Also, do your electronic signing if requested.
4. Update all personal information and add your bank account details and phone number 
5. Apply for the loan 
6. Wait for your loan approval
7. If successful, you get your funds within a short while.

Eligibility for the best online emergency loan in Kenya 2024

To be eligible to apply for an online emergency loan, you need to:

1. Be 18 years and above
2. Possess a national identity to prove your identity 
3. Own a digital gadget that can connect to the internet.  Be it a mobile phone, tablet or personal computer. 
4. Have a valid phone number 
5. Operate a workable email address 
6. Have a bank account or M-Pesa account 

How to repay an online emergency loan in Kenya 2024

To repay an online emergency loan, follow the procedure:

1. Login into the online app
2. Click on “repay loans”
3. Input the loan amount
4. Select the option for repayments 
5. Tap the repayment and have your loan repaid
6. Wait for a successful repayment message 

Conclusion 

Online emergency loans are loans you receive to solve little unexpected issues. We have various online emergency loans discussed in this article. Go through it and select the one you need. 

Also, note that it is an alternative to take when commercial loans fail you. Be smart enough to penetrate the financial market quickly and smoothly to meet and solve your pressing needs.