List of Smartphone Loan Providers in Kenya

Are you seeking smartphone loan providers where you can get a lipa mdogo mdogo or a hire-purchase mobile phone in Kenya?

Gone are the days when one was required to dish out thousands of cash in order to obtain and use a smartphone. Nowadays it has become easy to possess a smartphone even without enough finances from companies such as M-kopa and D-light.

There are tens of smartphone loan lenders you can approach to pick a brand-new phone and pay as little as Ksh 20 per day for several months while still using it.

In our previous articles, we discussed how to get boda boda loans from various companies that offer the product. This post will provide you with a brief overview of the best smartphone loan providers in Kenya from which to pick.

List of Smartphone Loan Providers in Kenya

1. Safaricom Lipa Mdogo Mdogo

Through the Safaricom Lipa Mdogo Mdogo scheme, one can obtain a smartphone for manageable daily installment payment of kes 20 bob over a specified time period.

To use this service, phone *544#, then option 5 (Lipa Mdogo Mdogo), and then follow the prompts to register and determine whether you qualify.

2. Mogo Kenya Samsung Smartphones on loans

MOGO Kenya is a financial institution that provides affordable financing options for used cars, logbook loans, Boda Boda, and Tuk Tuk loans. Mogo Kenya is now giving quality phones on loan.

The phones available at Mogo Kenya include:

  • Samsung Galaxy A04
  • Samsung Galaxy A53
  • Samsung Galaxy A23
  • Samsung Galaxy A13

3. Aspira App

The Aspira app allows you to receive a new phone on the same day as Lipa Baadaye. Other things, such as laptops and other devices, are available through this app.

Read How to get Mwananchi Credit Boda Boda Loan

To begin, download the app, register, and check how much the app can offer you to purchase the phone of your choosing from the stores listed in the app.

4. Watu Simu

Watu Credit is one of the newest smartphone loan [providers in Kenya, having provided other forms of loans such as logbooks and boda boda loans. Watu recently introduced the Watu Simu Phones, where people can get phones and pay later.

Types of Smartphones available at Watu Simu

The following phones are available for financing through Watu Simu:

  • Samsung Galaxy A03 Core
  • Samsung Galaxy A03
  • Samsung Galaxy A13
  • Samsung Galaxy A23
  • Samsung Galaxy A33

5. M-kopa Phones

Some Solar energy setup companies sell solar-powered equipment, phones included under the pay-as-you-go – model.

Examples of phones available at M-kopa Solar include:

  • Huawei Y5lite
  • Samsung Galaxy A10s
  • Nokia 2.2 /2.4
  • Samsung A03
  • Samsung A21s

Read also, How to get an M-Kopa Smartphone loan in Kenya

6. Equity Bank Simu on Loan Offers

Equity Bank is also giving phones on loan via Equitel simu loan. The phones are available at select Equity Bank branches on loans /Hire purchases.

Phones available include:

  • Huawei Y5 prime
  • Vivo Y90
  • Samsung Ao1
  • Infinix Hot 9 play
  • Infinix Hot 10 Lite
  • Tecno Pop 2F
  • Tecno F1

To apply visit any Equity Bank branch and enquire about their smartphone loans at the equitel desk or at the relationship manager.

7. Dlight

Just like M-Kopa, Dlight is another solar company that [provides smartphone loans on top of solar equipment. They have been in the industry for quite some time, forming one of the most trusted asset financing companies in Kenya.

Here is a list of phones on loan offered by  Dlight.

  • Nokia C10
  • Nokia C20
  • Nokia C30
  • Nokia C2
  • Nokia C21
  • Nokia C21
  • Nokia G10
  • Samsung A3 Core
  • Samsung A03S
  • Samsung A02
  • Samsung A12

You can visit a Dlight office near you to get a quotation or contact a Dlight agent near you. Also, you can reach them on social media to get the best deal for your pocket.