This guide takes you through the steps of applying and qualifying for a branch loan using your phone in Kenya. From downloading, and installing the branch app on your mobile phone, to registering using branch loan application online. Once you have completed this, we take you through how to request for the branch loan on the app. Finally, you can repay Branch cash loan through mpesa and find out the interest rate charged.
If you are looking for a quick, instant, unsecured loan with no security in Kenya, then you need to download the branch loan app. Let’s get started and take you through how to apply for your loan.
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Ready to access your first Branch loan? Here is a step-by-step guide for applying and qualifying:
When you are applying for a loan from branch international, there are four main steps you need to go through.
First, download the Branch Kenya app and register your account. Next, tap on “Loans” and select your desired loan amount and term. Carefully enter the loan details including purpose and your preferred repayment schedule. Finally, submit your loan application and await an instant decision.
To qualify, Branch considers factors like your national ID details, mobile money usage history, income stability and more. Loan approval and amounts offered vary case-by-case. With responsible borrowing, you can access larger Branch loans over time as you build your financial reputation.
Here are the steps to follow when registering for a branch account:
Note: When applying for a loan using the branch app, you are only allowed one account per person. Due to this, make sure you use the phone number that you intend Branch co to send you money via m-pesa when you log in.
Once registered, explore Branch features like instant loans, bank accounts, bill pay, budgets and more!
Downloading the Branch app is fast and easy, follow these steps:
That’s all it takes! The Branch Kenya app is free to download giving you access to loans, banking and money tools.
When it’s time to repay your Branch loan, here is what you need to do:
If you need details about the Branch mpesa paybill number and how to make payment through it, follow these instructions. Following the repayment schedule for your full loan maintains responsible borrowing and builds your credit profile. So always aim to repay your borrowed loan within the time given, otherwise you will be penalised by Branch through CRB or worse, you won’t be able to borrow again.
Branch mobile loan app is an application that runs on your android phone, created by branch international. It makes it easy for Kenyans to access instant mobile loans across the country and other countries. The branch app does this by making available quick unsecured cash loans by using amazing technology. Not only does this technology automatically vet people who will qualify for a loan, but it also distributes online loans to people who qualify for them.
So, you may be asking, how does the Branch app work?
Given that you do not have to walk into a physical bank or branch office, the Branch app works in a very interesting way. Compared to the old ways of applying for and qualifying for loans, branch has a different approach.
Once you download and install the branch app you then proceed to launch it on your phone. That is all you need to do on your part.
From here, the Branch app asks for permission to collect information on your android phone. Then, with this information, it will use machine learning algorithms to process many data points, in fact, thousands of data entries. With this information, branch asses your credit profile and decide whether you qualify for a loan. This information also tells them how much you can qualify for and how much they should offer you.
For Branch to assess whether you qualify or won’t qualify for a loan, it checks the following information.
Branch stands out from other mobile loan apps in Kenya by having the the following features;
What makes the Branch Loan app such a good android cash lender in Kenya? Here are the advantages that make it stand out.
Before you apply for your branch loan, there are a few requirements you need to meet.
Here is what you need to have before you apply for a branch loan:
Follow these steps to log in to the branch app:
This is how you apply for a branch loan app once you have installed, downloaded and logged in.
Once you have received your branch loan, you can use it to meet your financial needs. Whether the needs are of a personal type or a business type.
Now, once you have borrowed a loan you will need to repay it. Below find how you can do you branch loan payment.
When repaying your Branch loan you can use the Paybill number 998608, or directly from within the Branch loan app.
Follow these steps when repaying your Branch loan:
Branch loan app has maximum and minimum loan limits. This defines the least and the most amount you can borrow from the app. The loan limits range from 500 KSH to 70,000 KSH. This makes the minimum amount you can borrow 500 KSH and the maximum amount you can get from Branch is 70,000 KSH.
The minimum loan term is 1 week with 18 weeks maximum for larger loan amounts. Extensions may also be available when arranged ahead of your due date.
Branch lends responsibly, so approved loans align with your credit history and responsible borrowing ability. By repaying on time, you gain access to larger future credit limits over time.
How long does it take to repay a loan from Branch co app? Depending on the amount of money you have borrowed, this can be between 4-48 weeks. This is according to the terms and conditions agreed on.
So you have applied for your first branch loan and qualified. Congratulations, you are now on your journey to being able to pay your emergency easily and quickly.
But how do you increase your loan limit and grow the amount you qualify on the branch co app? Well, here is how you do it.
Increase your chances of growing your loan limit by making sure after receiving your first loan, you repay it on time. Avoid going past the due date because this will cause you to be marked by the apps artificial intelligence as a loan defaulter. So the first step is to avoid defaulting on loans.
Another way to increase your branch loan limit is to request for loans on the app more often. This helps the system to mark you as a consistent loan borrower hence adding your chances growing your loan limit.
In addition to that, to grow your loan limit, make sure you transact a lot on your m-pesa. One of the factors Branch looks for when increasing your borrowing limit is how often you make transactions on m-pesa. This is because when you install the branch app it can read your SMS’s, including your mpesa messages.
Here are the permissions that Branch loan app needs when qualifying you for a small loan in Kenya.
The interest rate, also referred to as service fee, that branch international charges on their loans range from 2% to 16%. This translates to an annual percentage rate (APR) of between 22% to 199%. The determining factor of the interest rate is varied, but primarily it is the amount of money borrowed and the time it will take to repay that money.
Not only can you repay your Branch loan via mpesa pay bill, but you can also make loan repayments using ATM/ credit cards.
Here are the steps to follow:
Having a challenge with your Branch account? Need some assistance from the branch customer care team, then this is how you can get in touch with them. Although Branch does not have a direct telephone number for support, you can reach them either through the in-app chat, their email address or reach them on their social media accounts.
The branch app email address you can use to reach them is support@branch.co. This is one way which you can contact branch.
Need to contact branch customer care using other methods, then try their social media accounts. You can find them on facebook using the name and twitter using the handle.
The branch loan app allows you to assist friends who need a quick loan by inviting them to borrow money from the app.
This is how you invite friends to use the branch app
Did you know you could make money from recommending the branch loan app to friends? Yes, that’s right! Not only do you get instant loans in Kenya via this app, but you also get a chance to be rewarded by Branch international.
So, how does one earn money in the form of a commission from the branch app?
Follow these steps:
More so if you located in Kenya, your online loan will be sent directly to your phone. I know how hard it can be when you have an unforeseen money issue and need an instant emergency loan.
Let’s be real:
Sometimes these financial needs find us when you least expect them. Especially around that notorious period called mid-month where your bank account is barely hanging onto a string. That is when things go haywire!
Mara gas imeisha cooking for your guests, your electricity tokens are waking up the whole neighborhood or watu wa kanjo have come to disconnect your water! Do you happen to be in such a tight spot? Then an instant loan from branch international would be more than helpful.
Need to pay bills like electricity bills, water bills or service charge but you do not have money? Instantly download the Branch loan app from google play store to your android phone and apply for an instant mpesa loan.
Maybe you need a quick loan for your business to buy stock for your shop, which money lending app will come to your aid? Sometimes you just need money for school fees that needs to be urgently paid. That is where the branch app comes in. Offering small loans in Kenya to users who require mobile loans. When you qualify, this quick loan comes with no hustle, low-interest rates and those applying do not need security to qualify for one.
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