Zenka Loans App Full Review, Pros and Cons
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 |
Playstore Rating | 4.2/5.0 |
Download Size | 11-12 MB |
Required OS | Android 4.4 onwards |
support@zenka.co.ke | |
Offered By | Zenka Digital |
USSD Code | *841# |
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 |
Pros
- No hidden fees
- Very simple and easy to register
- Disbursement of the loan is very fast
Cons
- 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
Permissions
Zenka Loans App has a wide array of permissions as listed below;
- Contacts
- Messages
- Financial info
- App Activity, info and performance
- Location
- 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: support@zenka.co.ke Facebook Page Address Line Mirage Tower 2, 12th floor, P.O. BOX 29107-00100 Nairobi Kenya
ZENKA TOTAL SCAM, THE OWNER HEADS DILAK AND EXPLOITS THE HUSTLERS THROUGH VERY HIGH INTEREST RATES AND UNNECESSARILY PENALTIES
THEY ARE HERE TO MILK YOU DRY, AND SEE YOU RUNNING MAD AND HOMELESS IN THE STREETS, KEEP OFF!!