The success of a platform is not only measured by the revenue it generates from sales but also from the number of people using it and how much loyalty they place upon it.
Over the years, there have been multiple platform wars ranging from PC wars: Mac vs Windows to console wars: PS4 vs Xbox, to determine which one held superiority over the other in terms of features and general user experience.
Things are not too different in the smartphone industry whereby the major players include Android by Google and iOS by Apple.
Despite the latter being majorly associated with high end clientele, it by no means translates to its users being devoid of financial emergencies.
This is a fact backed up by the presence of loan apps within the App store albeit fewer in comparison to the Google playstore due to Apple’s strict policy on apps.
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Below, let’s look at some of the loan apps available to iPhone and iPad users.
HF Whizz is a loan app provided by HFC Limited. It currently has a 3.3/5 rating with 50+ reviews in the App store.
Users of the loan app require iOS 11.0 or later and is compatible with iPhone, iPad and iPod touch.
The HF Whizz loan app offers loan amounts ranging from Ksh1,000 to Ksh50,000 at an interest rate of 7.725% repayable within 30 days.
Applicants can access the loan app via HF Whizz on the App Store.
Zazipay is a loan app provided by MyCredit Limited. It requires iOS 11.0 or later and is compatible with iPhone, iPad, and iPod touch.
Zazipay loans range from Ksh1,000 to Ksh25,000 at varying interest rates of between 5-15% depending on the repayment durations of 1,7,14 and 30 days.
The Zazipay loan app can be downloaded from the Zazipay app store page.
Timiza is a loan app provided by Absa Bank Kenya PLC. The app requires iOS 10.0 or later and is fully compatible with iPhone, iPad and iPod touch.
Timiza loans range from Ksh50 to Ksh100,000 at a 6.08% interest fee to be repaid after 30 days from disbursement date.
New applicants can apply for the Timiza loans via Timiza on the App Store
Zenka loan app is a product of Zenka Finance Limited. It currently has a 1.9/5 rating with 114 reviews.
The loan app requires iOS 10.0 or later and is compatible with iPhone, iPad and iPod touch.
Zenka loans range from Ksh500 to Ksh20,000 at an interest rate of around 29% to be repaid in 30 days.
The Zenka loan app can be downloaded through Zenka on the App Store
Carbon loan app is provided by One Finance And Investments Limited. It currently has a 4.6/5 rating with 218 reviews.
It requires iOS 11.0 or later and is compatible with iPhone, iPad, and iPod touch.
Carbon loans range from Ksh400 to Ksh50,000 and attracts a one-off fee of 15% for the principal borrowed with repayment terms of up to 64 weeks.
The app can be downloaded via the Carbon on the AppStore link.
Okolea loan app is provided by Okolea International. It currently has a 1.6/5 rating with 25 reviews on the app store.
It requires iOS 8.0 or later and is compatible with iPhone, iPad and iPod touch.
Okolea loans range from Ksh600 to Ksh250,000 with fee charges ranging between 5-15% repayable at a maximum of 28 days.
The Okolea loan app is available through the Okolea on the App Store page.