How Branch Loan Mobile App Works Very Easy Steps/Procedures

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How Branch Loan Mobile App Works Very Easy Steps/Procedures Branch Loan

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Money at the speed of life
We design our products to serve the needs of customers today, tomorrow, and in the future.

A commitment to customers
At Branch, our products are designed to meet people where they’re at. For many, that means having little to no credit history or savings. So we use alternative data to offer financial products that people can access anywhere, without the hassle of judgement of traditional institutions.

Making a lending decision
With the explicit permission of our customers, we analyze smartphone data to determine loan eligibility. Our machine learning algorithms process thousands of data points to create personalized loan options in a matter of seconds.

READ ALSO List of Top 50 Mobile Loan Apps in Kenya 2019 2020 by Google Play Store Android
Branch Minimum Loan Limit, Interest Rates, Late Rollover Fees All about Branch Mobile Loan App

How Branch
works
1. Download the Branch app
Use your Android phone to download Branch from the Google Play store.
2. Create your account
Fill out a simple form in under 30 seconds and submit for a quick review.
3. Apply for the loan that meets your needs
Loans are conveniently sent to your mobile money or bank account in minutes.
4. Receive the loan into your account
Repay with your mobile account. Build your credit to unlock larger loans.
Privacy is paramount
All the data we use is encrypted and protected — never sold to third parties. We have strict policies in place that ensure our methods are properly communicated and customer data is always protected.

What we look at
Handset details

SMS logs

Repayment history

GPS data

READ ALSO Loanbee Loan Terms and Conditions To Consider before taking Loan

Contact lists

100% transparency
We don’t want to stifle growth or get someone into a tight spot. That’s why we’re upfront with our lending terms and never charge late fees or rollover fees.

Ksh 250 – Ksh 70,000
Loan amounts
Mobile Loan Kenya app
None
Late/rollover fees

2% – 16%
Monthly interest

4 – 48 weeks
Loan terms

13% – 29%
Interest range

22% – 199%
Equivalent APR

Branch locations
IN KE MX NG TZ
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