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CloudLoan app 2023: APK Download, Paybill, Contacts


CloudLoan app was released on Oct 23, 2022, and has since gathered more than 50,000 downloads on the google play store.

This app also has a 4.1-star rating which makes it one of the top-rated lending apps in the country.

Read also: Instapesa loan app. How to borrow loans of up to KSH. 50,000 on Instapesa loan app.

Read also: Kashleo loan app 2023. Read more about one of the most reliable loan apps in Kenya.

Cloudloan app qualifications

One must be a Kenyan citizen with a valid national ID

You must be of 18 years and above (There is no age limit like there is in other lending app)

You must have an active M-Pesa account where you will receive the loan amount and pay your loan from

You must download the mobile app and fill in your information to create an account and have it verified

Cloudloan application process

There are four processes you will have to follow to have your loan processed and approved. The following are the process;

  • Register- To qualify for a loan, you must register on Cloudloan app especially when you are new on the platform. After this, your loan limit will be updated on the app.
  • Select loan amount and apply- You can go ahead to select any amount within your loan limit and apply for the loan.
  • Approval- After applying the loan, your request will be reviewed and the loan will be approved within few minutes. The approval process takes up to 5 minutes.
  • Payment to your M-Pesa account- After the approval process, you will receive the payment on your M-Pesa account almost immediately. You can go ahead to use your loan for the intended purpose and repay the loan in time to improve your loan limit.

Cloaudloan amount

Cloudloan app gives loans ranging between KSH. 3,000 and KSH. 80,000. Like I have stated earlier in the article, you can repay your loan in time to have your loan limit improved.

Cloudloan app loan tenure

Cloudloan app gives customers a period ranging between 91 days and 365 days. As a customer, you are free to choose the payment period that fits you most.

Advantages of Cloudloan app

Cloudloan app has an automatic online process that process that processes loans automatically 24 hours a day 7 days a week. This means that one can access loans at night and during the weekends which is contrary to other apps.

The loans are automatically reviewed, this means that your loan must be approved when you meet the qualifications.

Unsuccessful application will not incur any fees. You will not incur any cost when your loan request is rejected.

They keep customers’ information private. They do not share customers’ personal information. They will not also call numbers from your phone book to inform them about your loan.

Other information like your bank statement and M-Pesa statement will not be required to have your loan approved.

Cloudloan app interest rate

Cloudloan app charges an interest rate ranging between 12% and 50%. The amount you will pay depend on the repayment period you will settle on when borrowing your loan.

When you choose the maximum repayment period, you will pay a 50 % interest rate which is the maximum and if you choose the minimum repayment period, you will repay a 12% interest rate which is the minimum rate one can pay.

Cloudloan app service fee

Cloudloan app also charge a 6% service fee on the amount hey offer. This fee is charged on the principle and is deducted before the loan is disbursed.

Cloudloan app loan amount

Cloudloan app offers loans ranging between KSH. 2,000 and KSH. 70,000. A customer will start with the lowest amount then improve their loan limit when they repay their loans  time.

Cloudloan app loan example

For example, if you borrow a KSH. 20,000 loan and set the repayment period to 180 days, you will be required to repay the loan with a 10% interest rate and a service fee of 6%.

The total amount you will be required to pay is KSH. 22,186. You will be required to repay this loan on a 6 months installments which is KSH. 3698 per month for six months.

Cloudloan app contacts

Physical Address: Waira building P.O Box 1001, Ruiru, Kenya, 00232

Click on this link to download Cloaudloan app


Marion Mwangangi is a Journalism student at Multimedia University of Kenya. Apart from being a student, she is a professional graphic designer, an SEO expert and a video editor. Email:

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