What is Boreleza Loan App Kenya?
The Boreleza Loan App is a new entrant in Kenya’s fast-growing digital lending space, operated by Boreas Limited. It aims to provide quick, convenient, and paperless loans directly to your M-Pesa account, allowing borrowers to access financial help anytime without collateral or a CRB check.
As digital lending continues to shape Kenya’s financial landscape, Boreleza seeks to stand out by offering longer repayment periods (up to 6 months) and relatively lower annualized rates compared to short-term payday apps. However, like all new lenders, borrowers should proceed with caution and confirm licensing before applying.
Boreleza Loan App Features at a Glance
| Feature | Details |
|---|---|
| Operator | Boreas Limited |
| Loan Range | KES 1,000 – KES 18,000 |
| Interest Rate | 73% – 93% APR per year |
| Repayment Period | 4 to 6 months (120–180 days) |
| Collateral Required | None |
| CRB Check | Not required |
| Disbursement | Instant to M-Pesa |
| Platform | Android (Google Play Store) |
| Customer Support | +254 797 162 922 / help@boreleza.com |
How Boreleza Loan App Works
Applying for a loan through Boreleza is quick and fully digital. Here’s a step-by-step guide:
1. Download the App
Head to the Google Play Store, search for “Boreleza Loan App,” and install it on your Android device.
2. Register an Account
Open the app and register using your mobile number and National ID details. You may also need to grant access to your phone data for loan scoring.
3. Apply for a Loan
Select your desired loan amount and repayment period. The app will display the interest rate, total repayment, and due dates before you proceed.
4. Receive Your Funds
Upon approval, the money is sent directly to your M-Pesa account within minutes.
5. Repay on Time
Repayments are made through M-Pesa as guided within the app. Timely repayments improve your credit score and unlock higher loan limits.
Interest Rates and Example Calculation
Boreleza charges an annual interest rate (APR) between 73% and 93%, depending on your profile.
For example:
If you borrow KES 10,000 for 6 months at 80% APR, you would repay approximately KES 14,000 in total (principal + interest).
While the rates are high compared to bank loans, they’re within the range of most mobile lenders in Kenya.
Pros of Boreleza Loan App
✅ Quick and Easy Access – Apply anytime, anywhere via your phone.
✅ No Collateral Needed – Ideal for those without security or formal income proof.
✅ Flexible Repayment Periods – Up to 6 months to ease repayment pressure.
✅ Convenient Repayment via M-Pesa – Simple repayment options through your mobile wallet.
✅ Customer Support Available – You can reach Boreleza via phone or email for assistance.
Cons and Cautions
⚠️ High APR (73%–93%) – Borrowers should calculate total costs before applying.
⚠️ Not Licensed by CBK (as of 2025) – Boreleza or Boreas Ltd does not appear on the Central Bank of Kenya’s list of licensed digital lenders (updated September 2025).
⚠️ Data Privacy Concerns – Always read app permissions and privacy terms carefully.
⚠️ Potential Hidden Fees – Ensure all charges are disclosed before accepting a loan.
Is Boreleza Loan App Licensed by the Central Bank of Kenya (CBK)?
As of the latest CBK directory (September 2025), Boreas Limited (the company behind Boreleza) is not listed among approved digital credit providers (DCPs).
This means that Boreleza currently operates as an unlicensed lender, and users should exercise caution. Borrow only what you can afford to repay and avoid sharing sensitive information beyond what is necessary.
Customer Support Contacts
If you encounter issues with your loan or repayment, Boreleza provides the following customer support channels:
- Phone: +254 797 162 922
- Email: help@boreleza.com
- Platform: Boreleza App on Google Play Store
Safety Tips When Using Loan Apps in Kenya
- ✅ Confirm Licensing – Always check the CBK list of approved digital lenders.
- 💡 Read Terms Carefully – Understand interest, late fees, and total repayable.
- 🔒 Protect Your Data – Never share PINs, passwords, or OTPs.
- 💰 Borrow Responsibly – Take only what you can comfortably repay.
- 🧾 Keep Records – Save screenshots and payment confirmations.
Frequently Asked Questions (FAQ)
1. How much can I borrow from Boreleza?
You can borrow between KES 1,000 and KES 18,000, depending on your eligibility and repayment history.
2. How long do I have to repay the loan?
Repayment periods range between 4 and 6 months.
3. How do I repay the Boreleza loan?
You can repay through M-Pesa as directed within the app.
4. What happens if I delay repayment?
Late payments may attract penalties or affect your credit score, making it difficult to borrow in the future.
5. Is Boreleza approved by CBK?
As of 2025, Boreleza is not listed among the licensed digital lenders by the Central Bank of Kenya. Proceed with caution.
6. How do I contact Boreleza?
Reach out via help@boreleza.com or +254 797 162 922 for support.
Summary Table: Notable Loan Apps in Kenya (2025 Update)
| App Name | Loan Amount (KES) | Interest Rate (APR) | Repayment Term | CBK Licensed |
|---|---|---|---|---|
| Boreleza | 1,000 – 18,000 | 73% – 93% | 4 – 6 months | ❌ No |
| Tala | 500 – 50,000 | Varies (Daily Rate) | 30 – 90 days | ✅ Yes |
| Branch | 500 – 300,000 | ~48% – 72% | 62 days – 1 year | ✅ Yes |
| Zenka | 500 – 50,000 | 75% – 120% | 61 – 180 days | ✅ Yes |
| M-Shwari | 100 – 100,000 | 7.5% per month | 30 days | ✅ Yes |
| Okash | 500 – 60,000 | 36% – 80% | 90 – 180 days | ✅ Yes |
| FairKash+ | 1,000 – 20,000 | 90% – 110% | 91 – 180 days | ❌ No |
Final Thoughts: Should You Use Boreleza Loan App?
The Boreleza Loan App offers a quick and convenient way to access short-term credit in Kenya, especially for those who need small emergency funds and lack formal banking access. However, since the lender is not yet CBK licensed, borrowers should approach with caution.
If you decide to use Boreleza, start with a small loan, read the terms carefully, and repay on time to avoid penalties. Alternatively, consider licensed apps like Tala, Branch, or M-Shwari for added safety and transparency.
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