Branch Loan App: Your Guide, Applying, Interest Rates, and Loan Limits

The Branch Loan App has revolutionized access to personal finance in Kenya, offering quick and convenient loans directly through your smartphone. With over 40 million downloads across Africa and India, Branch stands out as a leading personal finance app.

How to Download the Branch Loan App

To start using Branch, download and install the app from the Google Play Store. Follow these steps:

1. Visit the Google Play Store: Open the store on your Android device.
2. Search for “Branch”: Look for “Branch – Digital Bank & Loans” by Branch International.
3. Install the App: Tap “Install” to download and install the app on your device.

Note: Always download apps from official sources to ensure security.

Eligibility Criteria for a Branch Loan

To qualify for a loan from Branch in Kenya, you need:

• Smartphone: An Android device.
• Identification: A valid National ID number.
• Mobile Money Account: An active M-Pesa account.

Branch uses data from your phone, including handset details and financial transaction messages, to assess your creditworthiness.

Applying for a Loan

Once you’ve installed the app and ensured you meet the eligibility criteria, follow these steps to apply for a loan:

1. Open the Branch App: Launch the app on your phone.
2. Create an Account: Sign up using your phone number.
3. Complete the Application: Fill out a simple form with your personal details.
4. Submit the Application: Branch will review your information and determine your loan eligibility.
5. Select Loan Amount: Choose from the available loan options.
6. Receive Funds: Upon approval, the loan amount is disbursed to your M-Pesa account.

Loan Limits and Interest Rates

The branch offers loan amounts ranging from Ksh 500 to Ksh 300,000, with repayment periods between 62 days to 1 year.

Interest rates are determined based on your creditworthiness and repayment history.

Repaying Your Branch Loan

Repayment is straightforward and can be done via M-Pesa:

1. Open M-Pesa: Access the M-Pesa menu on your phone.
2. Select “Lipa na M-Pesa”: Choose the Pay Bill option.
3. Enter Pay Bill Number: Input Branch’s Pay Bill number: 998608.
4. Account Number: Use your phone number as the account number.
5. Enter Amount: Specify the amount you wish to repay.
6. Complete Payment: Confirm the details and submit.

Alternatively, you can repay directly through the Branch app by selecting “My Loan” and following the prompts.

Branch Customer Support

For assistance, you can contact the Branch through the in-app customer care feature or via email at [email protected]. Additionally, Branch maintains an active presence on social media platforms like Facebook and Twitter.

By leveraging the Branch Loan App, Kenyans can access quick and reliable financial support, making personal finance management more accessible than ever.