Access to instant loans in Kenya has become easier with the rise of mobile lending platforms. One of the new names gaining attention is Instakes SMS Loans and App Kenya, which claims to offer fast and affordable mobile loans to Kenyans. Below, we break down the key details, loan terms, repayment schedule, and important considerations before using the service.
What is Instakes SMS Loans and App?
Instakes is a mobile lending service available through SMS or via its app. It provides quick loans to Kenyans who may not have access to traditional banking credit facilities. The service is marketed as fast, convenient, and accessible to anyone with a mobile phone.
With Instakes, borrowers can apply for short-term loans ranging from KES 1,000 up to KES 20,000, making it suitable for urgent financial needs such as school fees, bills, or emergencies.
Loan Features
Here are the main highlights of Instakes SMS Loans and App:
- Loan Amounts: From KES 1,000 to KES 20,000
- Interest Rates: As low as 0.05% per day (relatively lower than many popular loan apps in Kenya)
- Repayment Period: Flexible schedules starting from 14 days
- Access Method: Via SMS request or through the official app (if available for download)
- Repayment Method: Through mobile money services such as M-Pesa (details usually provided during loan approval).
How to Apply for Instakes Loans
- Via SMS – Users can request a loan through their registered phone number using a specific loan request code (if provided).
- Via App – Download the Instakes Loan App (availability may vary), register with your details, and apply for your preferred loan limit.
- Approval – The system reviews your request and, if approved, disburses funds directly to your mobile wallet.
Legitimacy Concerns
It is important to note that the legitimacy of Instakes SMS Loans and App is still not clear. Unlike some loan apps licensed and approved by the Central Bank of Kenya (CBK), Instakes has not been publicly listed as a regulated digital lender.
⚠️ Advice to Kenyans:
- Always confirm whether a loan provider is licensed by CBK before borrowing.
- Avoid giving out sensitive information such as ID numbers, bank details, or passwords unless you are sure the platform is secure.
- Read customer reviews and feedback before engaging with new loan operators.
Pros of Instakes Loans
- Easy access through SMS or app.
- Small loan limits that suit urgent needs.
- Relatively low interest rates compared to some unregulated lenders.
- Short-term repayment flexibility.
Cons of Instakes Loans
- Legitimacy is uncertain – may not be CBK-approved.
- Limited information about the company behind the service.
- Short repayment period (minimum 14 days) may still be challenging for some borrowers.
- Risk of hidden charges if terms are not clearly outlined.
Customer Support
For any inquiries, complaints, or support, Instakes provides the following contact:
- Email: instakes@loanskenya.com
(No official phone number or office details are publicly available as of now.)
Final Thoughts
Instakes SMS Loans and App Kenya positions itself as a fast and convenient loan provider with flexible terms and relatively lower interest rates. However, due to the uncertainty surrounding its registration and regulation, borrowers are advised to exercise caution.
If you decide to use Instakes, borrow responsibly and only take loans you are sure you can repay within the given period. For more secure options, consider licensed loan apps regulated by CBK in Kenya.
Frequently Asked Questions (FAQs)
1. What is the maximum loan amount on Instakes?
You can borrow up to KES 20,000 depending on your credit limit.
2. What is the interest rate?
Instakes charges as low as 0.05% per day.
3. What is the repayment period?
The minimum repayment period starts from 14 days.
4. Is Instakes a legitimate loan provider in Kenya?
The legitimacy is still unclear since the service is not listed among CBK-licensed lenders. Borrowers should remain vigilant.
5. How do I contact Instakes?
Currently, the only available contact is a email: instakes@loanskenya.com