Branch Loan App – How To Apply Loan For Branch 2025

Published On: January 27, 2025

Branch Loan App – How To Apply Loan For Branch 2025

branch loan app

Save and Transfer Money with Branch Wallet

Branch Wallet makes it easy to save money, transfer funds, and pay bills instantly. It offers seamless financial services to cater to your needs, whether personal or business-related.

Personal Loans Tailored for You

Branch offers personal loans ranging from Ksh 500 to Ksh 300,000 with flexible repayment terms between 62 days and 1 year. The interest rate depends on your risk profile, ranging from 2% to 18% monthly.

Loan Example:

If you borrow Ksh 10,000 at an APR of 196% for 62 days:

Interest = Ksh 10,000 x 196% / 365 x 62 = Ksh 3,260
Total amount to repay = Ksh 13,260 (Ksh 10,000 + Ksh 3,260)
Two monthly payments of Ksh 6,630.

Late fees may apply for overdue payments.

Branch Microfinance Bank (MFB)

Branch is no longer just a mobile loan app; it is now a licensed microfinance bank offering a wide range of financial services.

Key Features:

Instant Loans: No paperwork, collateral, or office visits.
Flexible Usage: Use your funds for business, personal needs, or emergencies.
Savings: Save on the Branch Wallet and earn 15% ROI annually.
Money Transfers: Seamlessly transfer between Branch and MPESA.
Bill Payments: Pay bills without additional charges.

Loan Details

Loan Amounts: Ksh 500 to Ksh 100,000
Interest Rates: 20% to 211% APR (2% to 18% monthly interest)
Fees: No processing or onboarding fees.

You can choose repayment terms of up to 1 year, with a minimum of 62 days for all loans.

Save and Earn with Branch

Branch MFB offers the highest savings rates in Kenya:

15% ROI annually
Weekly interest payments
Withdraw your savings anytime or opt for fixed terms.

Types of Personal Loans Available

Branch offers loans tailored for various needs, including:

Medical or Emergency Loans
Education Loans
Home Renovation Loans
Travel Loans
Wedding Loans
Student Loans

Secure and Reliable

Branch app ensures secure loans by utilizing data from your phone, including SMS history, to create a personalized credit score. Your privacy is prioritized through encryption and strict confidentiality.