The best mobile money lender in Kenya is Branch Loan App.
This ground-breaking app, created by Branch International, has completely transformed borrowing in Kenya by making it quick and easy.
You can simply get immediate loans directly to your M-Pesa using the Branch App. In this guide, I'll walk you through the easy steps of signing up for the Branch App and submitting your first loan application on this fantastic platform.
How to qualify for a Branch Loan
In order to qualify for a loan from Branch, an individual must have the following:
- Smartphone: Apple iPhone or Android
- A live and legitimate Facebook account.
- M-Pesa account linked to a Safaricom line
- The number on your national identification card
The website for Branch states that interest rates range from 17% to 35%, based on a number of variables such as the cost of the loan and your past repayment history with Branch. The range of the corresponding monthly interest is 1.7% to 17.6%.
READ ALSO: Top 10 Loan Apps in Nigeria 2024
How to sign up for the Branch App
Using the Branch Loan App, register now
1. To download and install the app on your Android smartphone, go to the Google Play store.
2. Launch the application and sign in with your legitimate Facebook account. Branch only permits one branch account per user, and we always link your account to the Facebook account you use to enter into the app the first time.
2. Launch the application and sign in with your legitimate Facebook account. Branch only permits one branch account per user, and we always link your account to the Facebook account you use to enter into the app the first time.
Steps to make your initial login;
Choose your nation (Tanzania or Kenya). In our instance, KenyaKindly type your entire name exactly as it appears on your National ID card.
Users in Tanzania have the option to utilise their driver's licence number, voter ID, or national ID.
To move on to the next page, enter your date of birth and click next.
How to Apply For a Loan
Below are some of the processes involved in applying for a Branch Loan
- You have access to a range of loan limitations on the loans page. The maximum loan amount for first-time borrowers is Ksh 1000, but you can also choose between the Ksh 250 and Ksh 500 offerings.
- Decide on the loan terms that you can afford. For the Ksh 1000 loan, there are four weekly loan repayments.
- For a one-month payback period, click the drop-down option.
- Select the "Request This Loan" option located at the bottom of the screen.
- You'll be taken to a new page where you need to verify your mobile money account again. In order to submit for review, click "Apply."
- Branch will access and review your account if you're a first-time borrower, and it could take several hours for your loan to pay.
Conclusion
Branch app is a simple yet powerful mobile lending app in Kenya that will help you quickly solve your financial concerns. You can give them a try, and I guarantee you won't be disappointed.
