Koro Loan App Kenya

About Koro Loan App Kenya

Koro is one of the most flexible personal loan platforms on the market, with its unique features giving Kenyans more control over their finances. We offer a simple registration and application process. After a positive approval decision, you will receive your loan straight to your M-Pesa account.

Money can be put into your account even in just 5 minutes!

What are my loan terms?

Customers can apply for a first loan of a fixed term of 61 days.

- 61-day loan payment terms have a one-time interest fee of 9-30% (risk-based pricing)
- Interest Fee: Range from KSh 45 - KSh 870 for a one-time charge.
- Loan Amount: from KSh 500 to KSh 30,000.
- Minimum period for repayment: 61 days
- Maximum period for repayment: 180 days
- Minimum Annual Percentage Rate: 70.7%
- Maximum Annual Percentage Rate: 224.89%
- Grow with Koro and build your limit up to KSh 30,000 by making your loan repayments on time

A representative example for a first loan for 61 days is: the Annual Percentage Rate (APR) is 179,51%, the total loan amount is KSh 1,000, the interest fee is KSh 300, the total amount repayable is Ksh 1,300, and the total cost of the loan is KSh 300. The loan agreement is concluded in 61 days. The loan is granted depending on the assessment of credit risk.
Due to the extension, customers have the option to repay their loan amounts for up to 12 months (KoroFlexi option).

Have questions? Visit www.koro.co.ke to check out our FAQs
Ready to get started? Download the Koro app and apply for a loan today.

Privacy and permissions: When you download Koro, we will ask you to scan your M-Pesa SMS and other information to verify your identity and creditworthiness and provide you with one of the fastest loans in Kenya. We take privacy very seriously, and your personal information will never be shared without your permission.

How does it work?

1. Download the Koro Loan App
Visit the Google Play Store. Search for the Koro Loan App and download it on your mobile.

2. Fill out the short application form
After downloading our app, choose how much money you need and sign up with Koro.

3. Receive money on your M-Pesa account
Your application will be evaluated, and when it is approved, you will receive money in your M-Pesa account.

4. Need additional financing?
Take advantage of our flexible additional amount feature, which allows you to top up your existing loan with extra cash up to your current credit limit.

5. Need more time to repay?
Loan extensions give you more control over your loan by allowing you to postpone your due date by 7, 14, or 30 days.

6. Repay on time and build a positive credit history
Timely repayment increases your credit limit and allows you to apply for higher amounts.


What's so special about us?
Additional amounts and extensions do the job!

Considering additional financing? Don't miss out on great opportunities—top up your existing loan with just a few clicks!
- Need more time to repay? Get control over the unexpected by extending your due date. Enjoy the flexibility we offer.
- Achieve financial harmony! Realize your ideas and needs with our instant personal loans.

The lender and the data controller of your data is Zenka Finance Limited (the owner of the Koro brand) with its registered seat in Nairobi. All information concerning personal data processing, including the purposes of processing your data, categories of recipients of personal data and your rights you can find in our Privacy Policy.

Contact information:

Call center: + 254 020 765 0878
Email: [email protected]

Zenka Digital Limited (the owner of the Koro brand)
Mirage Tower 2, 12th floor,
P.O. BOX 29107-00100
Nairobi
Kenya