CloudLoan is an online loan application designed for Kenyan residents, offering them an easy and convenient opportunity to borrow money through their M-pesa accounts.
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Explore the unique online loan application – CloudLoan, bringing convenience to borrowing anytime, anywhere. Designed for users in Kenya aged 18 and above, CloudLoan offers a simple and secure opportunity for borrowing. No need to wait, just an M-pesa account and app installation are required. With a fully online process and automated approval capability, CloudLoan enables you to access loans conveniently. You don’t have to worry about your credit history. Discover the CloudLoan App and unlock a potential financial future.

Evaluation of the Pros and Cons of the CloudLoan App

Like any other online financial service, CloudLoan also comes with its own pros and cons. Below are some points to be noted:


  • Borrowing from CloudLoan is straightforward and swift. Customers only need to create an account and follow the instructions on the app to request a loan.
  • The app provides customers with small loans suitable for those who need moderate finances, such as tuition fees or rent, without requiring collateral. This reduces the risk for borrowers.
  • The app employs modern technology and automated profile approval, saving customers waiting time and providing quick access to financial resources.
  • CloudLoan has customer-oriented policies, such as promotional programs and incentives, to encourage online borrowing.
  • The app is user-friendly and compatible with various user groups and multiple operating systems including Android, iOS, and PC.


  • Interest rates at CloudLoan are higher compared to banks and some other financial institutions in the same industry.
  • The app’s use of automated profile approval can slow down the system and create inconvenience for customers when a large number of users are using it simultaneously.
  • Frequent app updates and upgrades can lead to customers being unable to access the app at times.

Detailed Loan Information at CloudLoan

Loan Requirements

To apply for a loan at CloudLoan, you need to meet the following requirements:

  • You are a citizen of Kenya.
  • Have an M-pesa account.
  • Download and fill in information on the service’s app.
  • Be aged between 18 and 55.

Costs and Interest Rates

  • Loan Amount: from KES 2,000 to KES 70,000.
  • Loan Term: from 91 to 365 days.
  • Service Fee: 6%.
  • Maximum Annual Percentage Rate (APR): 20%.

Example Calculation

Suppose you borrow from the CloudLoan app with an amount of 20,000 Ksh, an interest rate of 10% per year, a loan term of 180 days, and a service fee of 6%.

  • Interest: 20,000 * 10%/365 * 180 = 986 Ksh.
  • Service Fee: 20,000 * 6% = 1,200 Ksh.
  • Total Repayment: 20,000 + 986 + 1,200 = 22,186 Ksh.
  • Monthly Payment: 22,186 / 6 = 3,698 Ksh.

Note: Detailed loan information at CloudLoan may change over time. Therefore, users should access the CloudLoan app or website to update the latest information.

Quick Loan Application Guide

To quickly and easily apply for a loan using the CloudLoan app, follow these simple steps:

Step 1: Download the CloudLoan App

  • Download and install the CloudLoan APK/IOS on your phone.
  • CloudLoan is compatible with both Android and IOS.

Step 2: Register an Account

  • Open the downloaded CloudLoan app on your phone.
  • Click on the “Register” or “Create New Account” option.
  • Provide the required personal information, including your name, email address, and phone number.

Step 3: Verify Your Account

  • After providing the information, you’ll receive a verification code through a text message or email.
  • Enter the verification code into the app to complete the registration process.

Step 4: Fill in Loan Information

  • Log in to your CloudLoan account.
  • Select the “Apply for Loan” or similar option.
  • Enter the loan amount you wish to borrow and the desired loan term.

Step 5: Review and Approval

  • Submit the loan application and await the review and approval process.
  • The review process may occur automatically or require additional confirmation from
  • CloudLoan staff.

Step 6: Receive the Loan

  • If your loan application is approved, the borrowed amount will be transferred to your M-pesa account.
  • If your loan application is unsuccessful, the amount will not be transferred.

Note: Always exercise caution when borrowing money and ensure you understand the terms and interest rates associated with the loan.

Loan Repayment Guide on the App

To repay a loan using the CloudLoan App, follow these steps:

Step 1: Open the app and log in.

Step 2: Find the “Repayment” section or similar.

Step 3: Select the loan you wish to repay.

Step 4: Choose the payment method (usually M-pesa).

Step 5: Confirm and complete the payment.

Always follow the app’s instructions to ensure a smooth repayment process.

Frequently Asked Questions

Who is CloudLoan intended for?

CloudLoan is intended for Kenyan citizens aged 18 and above.

What do I need to prepare to apply for a loan through CloudLoan?

You need to have an M-pesa account and download the CloudLoan app on your phone.

What is the loan application process like?

Download the CloudLoan app, register an account, verify your information, provide loan details, submit the loan application, and wait for the review and approval process.

How do I need to repay interest and service fees?

Interest and service fees are calculated based on the loan amount and term. Detailed information about interest rates and service fees is available on the CloudLoan app.

What is the specific loan amount I can borrow?

CloudLoan allows you to borrow from Ksh3,000 to Ksh80,000.

How can I know if my loan application has been approved?

You will receive notifications through the app or email about the status of your loan application.

How do I repay the loan?

You can repay the loan by following the instructions on the CloudLoan app, usually through your M-pesa account.

How can I increase my credit limit and reduce interest rates?

You can repay the loan on time or complete required tasks to increase your credit limit and lower your interest rates.

How can I contact CloudLoan’s customer service?

You can contact them via email: [email protected] or find their office address: Waira Building P.O Box 1001, Ruiru, Kenya.

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