Raha Pesa Loan App Review 2025: Features, Limits, How to Apply, and Comparison with CBK-Licensed Loan Apps

In today’s fast-paced world, access to instant cash can make a significant difference when emergencies arise or opportunities knock. Digital lending apps in Kenya have made borrowing simple, fast, and fully digital. With just a smartphone and an M-PESA account, borrowers can access instant loans from CBK-licensed platforms, ensuring security, transparency, and compliance with Kenyan financial regulations.

One such trusted app is Raha Pesa, a CBK-regulated personal loan app that provides quick, flexible loans for Kenyans across the country.

Read Also; How to apply for loans from Koro Loan App 

Raha Loan App Kenya

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What is Raha Pesa Loan App?

Raha Pesa is an instant digital lending platform designed to provide fast, convenient, and secure loans. Users can access credit directly from their phones without collateral, making it ideal for urgent financial needs, personal projects, or emergencies.

Being a CBK-licensed loan app, Raha Pesa operates under strict regulatory oversight, ensuring transparency, data security, and fair lending practices.

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Raha Pesa Loan Features

Raha Pesa offers a wide range of features to make borrowing easier and more flexible:

• Loan Amount: KSh 5,000 – 500,000

• Loan Term: 91 – 180 days

• Interest Rate / APR: 16% – 34%

• Disbursement: Instantly to M-PESA

• Eligibility: Kenyan citizens aged 18–55 with a regular source of income

• No Collateral Required: Completely unsecured loans

• Data Security: Bank-level encryption; personal data never shared without consent

Example Loan:
Borrow KSh 5,000 at an 18.25% APR for 91 days:

• Interest Fee: KSh 225

• Total Repayment: KSh 5,225 (Principal + Interest)

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How to Download and Apply for a Raha Loan

Step 1: Download the App

• Visit Google Play Store or the official Raha Pesa website to download the app.

• Install and open the application on your smartphone.

Step 2: Register

• Sign up using your Kenyan ID and active mobile number.

• Provide basic personal information for identity verification.

Step 3: Apply for a Loan

• Choose your desired loan amount and repayment period.

• Submit your application for instant approval.

Step 4: Receive Funds

• Approved loans are disbursed directly to your M-PESA account within minutes.

Step 5: Repay Your Loan

• Repay by the due date to avoid penalties and to build a positive credit history.

• Early repayments are allowed, giving you flexibility and control.

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Raha Pesa Loan App Contacts

Customer Support:

• Email: cs.rahapesa.android@mkulimapay.co.ke

• Phone/WhatsApp: +254 207905941

• Address: Nairobi, Kenya

Being fully licensed by the Central Bank of Kenya, Raha Pesa is safe, regulated, and trustworthy.

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Comparison with Other CBK-Licensed Loan Apps

Here’s how Raha Pesa stacks up against other popular CBK-approved apps in Kenya:

Loan App	Owner	Loan Amount (KES)	Term (Days)	Interest / APR	Processing Fee	Key Feature
Raha Pesa	Raha Pesa Ltd	5,000 – 500,000	91 – 180	16% – 34%	0 KSh	Instant M-PESA disbursement, no collateral
Koro	Zenka Digital Limited	500 – 200,000	61 (first loan)	2.45% – 39% / 30–4432%	0 KSh	Top-ups & extensions, high credit limit
Fair Kash+	Fair Kash+	3,000 – 100,000	91 – 365	3% – 18% per year / 20.1–80.2% APR	0 KSh	Revolving credit line, borrow repeatedly
Pawa Kash	Pawa Kash	Up to 50,000	3 – 60 months	Max 24% annual	0 KSh	Long-term flexible repayment options
Choice Sasa	Choice Microfinance Bank	500 – 150,000	61 – 180	36.5% – 103.5% p.a.	0 KSh	Fast approval, transparent fees
Beta Pesa	Beta Pesa	Up to 50,000	91 – 360	Max 24% annual	0 KSh	Flexible repayment periods, 24/7 availability

All of the above apps are CBK-regulated, ensuring safe and legal lending practices in Kenya.

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Conclusion & Loan App Warning

Raha Pesa is an excellent choice for Kenyans seeking fast, convenient, and secure loans without collateral. Its CBK license ensures compliance with Kenyan lending laws, offering borrowers protection and transparency.

However, a word of caution:
While digital loans are convenient, borrowing irresponsibly can lead to debt accumulation, high interest charges, and financial stress. Always:

• Borrow only what you can repay

• Compare interest rates before applying

• Repay on time to build a positive credit record

• Avoid unlicensed or shady loan apps

By borrowing responsibly, Raha Pesa and other CBK-licensed apps can be powerful tools for managing finances, meeting urgent needs, and building a healthy credit profile in Kenya.