iLOAN Kenya is a digital credit service operated by Easy Asset Management Limited, providing eligible customers with access to credit and repayment services through mobile channels. The service is designed to make borrowing and repayment more convenient, with funds disbursed to an eligible customer’s M-Pesa account.
Importantly, iLOAN’s current Google Play listing states that the app is exclusively available to registered Easy Asset Management Limited members. It also describes iLOAN as a line-of-credit service rather than a conventional payday-loan application.
This guide explains the iLOAN app, its features, eligibility requirements, loan products, repayment options, pricing information and important things to check before using the service.
What Is iLOAN Kenya?
iLOAN is a financial-services platform associated with Easy Asset Management Limited. According to the company’s website, iLOAN provides consumer credit products in Kenya and is part of Management Financial Group JSC, an international financial-services group.
The iLOAN mobile application allows registered members to apply for a line of credit, select an approved amount and manage repayments from their phones. According to its current app listing, approved funds can be disbursed to M-Pesa.
Is iLOAN Licensed in Kenya?
Yes. The Central Bank of Kenya’s directory of licensed Digital Credit Providers lists Easy Asset Management Limited, with a licensing date of September 2, 2025.
This is an important distinction because the company behind the service is the regulated entity, rather than the app name itself.
Consumers should nevertheless check the lender’s current terms and the latest CBK information before entering into a credit agreement.
iLOAN Loan Amounts in Kenya
The amount available through iLOAN depends on the particular credit product and the customer’s eligibility.
The company’s current website lists several products, including:
| iLOAN Product | Amount Advertised | Repayment Period |
|---|---|---|
| PD-Dharura Loan | KSh 5,000–15,000 | 14–28 days |
| Weekly Loan | KSh 5,000–30,000 | 5–16 weeks |
| Monthly Loan | KSh 15,000–100,000 | 3–9 months |
| SME Loan | Up to KSh 100,000 | 3–9 months |
These figures are published by iLOAN and may differ from the credit limit actually offered to an individual customer. Approval, amount and repayment terms are subject to the lender’s assessment and applicable product conditions.
What About the KSh 1,000 Minimum?
Some descriptions circulating online state that iLOAN offers credit from KSh 1,000, with rates starting at 0.05% per day. However, the current iLOAN website and FAQ reviewed for this article show different product ranges, including a published minimum of KSh 5,000 for its listed products.
Therefore, prospective customers should not assume that KSh 1,000 or a 0.05% daily rate is universally available. The applicable amount, interest rate and repayment cost should be confirmed in the offer presented before accepting credit.
iLOAN Interest Rates and Charges
One of the claims associated with the iLOAN app is pricing from as low as 0.05% per day.
However, interest rates can vary according to the credit product, customer assessment and agreed terms. The iLOAN app listing says that interest rates are communicated clearly before approval and that customers pay for the days they use the funds.
Before accepting an offer, check:
- The exact amount received.
- The interest rate.
- Any applicable fees.
- The total amount payable.
- The due date.
- Whether early or partial repayment changes the amount of interest payable.
- What happens if repayment is late.
Avoid judging a loan solely by its advertised daily rate. A small daily percentage can become a significant cost when calculated over the full repayment period.
Who Can Apply for iLOAN?
According to the iLOAN app listing and website, applicants generally need to meet requirements such as:
- Be at least 18 years old.
- Have a valid Kenyan identification document.
- Have an active M-Pesa account.
- Have the required personal identification information.
- Be a registered Easy Asset Management Limited member.
- Meet the lender’s credit-assessment requirements.
The company’s FAQ also lists a KRA PIN and access to M-Pesa among its requirements and says a witness may be required for document signing.
Being eligible to apply does not guarantee approval. The credit amount and terms depend on the lender’s assessment.
iLOAN App Key Features
1. Mobile Credit Access
The iLOAN application allows registered members to request credit and manage repayments through their mobile phones.
2. M-Pesa Disbursement
According to the app’s published description, approved funds can be securely disbursed to the customer’s M-Pesa wallet.
3. Flexible Repayment
The application description says members can make repayments in full or partially before the due date.
4. Member-Controlled Repayment
The iLOAN app states that there is no automatic debit, with repayment remaining under the member’s control.
5. Digital Application
The app advertises a short application process for registered members, while the wider iLOAN service also supports applications through its website, phone and physical offices.
How iLOAN Works
The basic process can be summarized as follows:
Step 1: Become a registered member
The iLOAN app is specifically intended for registered Easy Asset Management Limited members.
Step 2: Apply for credit
Eligible members can submit a credit request through the available iLOAN channels.
Step 3: Receive an assessment
The lender assesses the application and determines whether credit can be offered and under what terms.
Step 4: Review the offer
Before accepting, carefully review the amount, interest, fees, repayment schedule and total cost.
Step 5: Receive approved funds
According to iLOAN’s app information, approved funds can be sent to the member’s M-Pesa wallet.
Step 6: Repay according to the agreement
Repayment can be made according to the agreed schedule, with the app indicating that full or partial repayment may be possible before the due date.
iLOAN Privacy and Data Protection
Financial applications handle sensitive information, so privacy should be an important consideration.
The iLOAN app states that information is used for member verification and credit assessment and that Easy Asset Management Limited does not sell or share customer data without consent, subject to applicable legal requirements.
The company’s terms also state that Easy Asset Management Limited is registered as a Data Controller and Data Processor under Kenya’s Data Protection Act, 2019.
Users should read the application’s privacy policy and permissions before submitting personal information.
Is iLOAN a Legitimate Loan App in Kenya?
There are several indicators supporting the legitimacy of the service.
First, the Central Bank of Kenya’s official directory lists Easy Asset Management Limited as a licensed Digital Credit Provider, with a licensing date of September 2, 2025.
Second, iLOAN has an official website and a Google Play application published by Presta Technologies. The current Google Play listing identifies the app as being for Easy Asset Management Limited members.
Nevertheless, legitimacy does not mean that every loan offer will be suitable for every customer. Borrowers should still examine the actual credit agreement, total repayment cost and consequences of late payment.
Important Difference: iLOAN Is Not Simply Another Payday Loan App
The iLOAN app’s Google Play description specifically says that iLOAN is not a mobile loan app and does not provide payday loans in the sense of the common online cash-loan applications it distinguishes itself from. Instead, it describes the service as providing members with access to a line of credit.
This distinction is important when comparing iLOAN with other Kenyan digital lenders.
iLOAN Contact Details
The published iLOAN contact information includes:
Email: info@iloan.co.ke
Telephone: 0701 666 601 / 0704 666 601
The iLOAN website also provides customer information and product details.
iLOAN Pros and Considerations
| Potential Advantages | Things to Consider |
|---|---|
| Mobile access to credit services | Available only to registered members |
| M-Pesa disbursement | Approval is not guaranteed |
| Digital repayment management | Interest and total cost should be checked carefully |
| Multiple credit products | Terms can differ by product |
| CBK-listed lender | Credit remains a financial obligation |
| Published contact channels | Late repayment may have consequences |
Frequently Asked Questions
Is iLOAN available to all Kenyans?
No. The current app description says iLOAN is exclusively available to registered Easy Asset Management Limited members.
How much can I borrow from iLOAN?
The current published products range from KSh 5,000 to KSh 100,000, depending on the product. The exact amount offered depends on eligibility and credit assessment.
Does iLOAN send money through M-Pesa?
Yes. The app’s published description says approved funds are disbursed to the member’s M-Pesa wallet.
Is iLOAN regulated by CBK?
Easy Asset Management Limited, the company behind iLOAN, appears in the Central Bank of Kenya’s directory of licensed Digital Credit Providers, with a licensing date of September 2, 2025.
Does iLOAN charge 0.05% per day?
A 0.05% daily rate has been advertised in some descriptions of the service, but customers should verify the actual rate presented in their individual credit offer. The current official pages reviewed do not establish that 0.05% is applicable to every iLOAN product or customer.
Can I repay iLOAN early?
The app description says repayments can be made in full or partially before the due date. Check the specific credit agreement for the treatment of early repayment and interest.
Does iLOAN automatically deduct repayment from M-Pesa?
The app listing states that there is no auto-debit and that repayment is controlled by the member.
Final Verdict
iLOAN is a Kenya-based credit service operated by Easy Asset Management Limited and listed by the Central Bank of Kenya as a licensed Digital Credit Provider. Its mobile application is designed for registered members to access credit, receive approved funds through M-Pesa and manage repayments digitally.
However, the published information about loan amounts and pricing should be read carefully. While some descriptions mention loans starting at KSh 1,000 and rates from 0.05% per day, iLOAN’s current website lists specific products starting at KSh 5,000 and going up to KSh 100,000.
For anyone researching iLOAN App Kenya, the most important step is to rely on the actual credit offer and agreement shown before accepting credit rather than assuming that an advertised minimum amount or interest rate applies to every applicant.