If there’s anything we must applaud technology for, Fintech must be one facet technology deserves to hurray – Since it has automated delivery and enhanced the use of financial services.
The inception of Fintech has Aid Mankind in various ways which Mobile Loan is among.
Acquiring a Loan In Africa, Precisely In Kenya Is not guaranteed to be given either from the Bank, friend or a family member – Due to this people always find it tremendously difficult to implement their business ideas.
However, the introduction of Mobile Loan Apps In Kenya has come to ease our pain.
In This Article, we shall talk about how to get an Instant loan from Branch Loan.
What Is Branch Loan?
Branch, which is a San Fransisco company, also operates in Kenya via a subsidiary in Nairobi. You have to be s registered Mpesa user to qualify for loans. Furthermore, for you to qualify, you must have an active official Facebook profile, and your usernames must match your National ID card.
Branch LOAN RATES AND FEES
Loan Amounts: Ksh 250 to Ksh 70,000
APR: 22% to 240%
Example Fees: For a loan of Ksh 10,000, a flat fee of Ksh 2,160. No late fees, rollover charges, or origination fees.
For a loan of Ksh 10,000, custumer would pay 10,000(loan)+2160(flat fee) = Ksh 12160 total
Terms: Depending on your loan amount for which you are eligible, you have the option to choose repayment terms for up to 336 days. Every loan amount we offer has the option to repay in a minimum of 60 days.
Why choose Branch Loan over the lots?
- Quick and easy sign up
- No paperwork, collateral or office visits needed
- Use your money the way you want to — for home or business
- No late charges or rollover fees on loans
- Lower fees, and flexible payment terms as you repay
- Easy access 24/7
Is Branch Loan SAFE AND Secure?
Branch makes getting a personal loan simple by using the data on your phone including your SMS history to verify your identity and create a credit score. They encrypt the data you choose to share with us to protect your privacy. They take your privacy very seriously and promise to never share your information with third parties.
CONTACT BRANCH LOAN
Branch will excited to hear from you! If you have any feedback, questions, or concerns, please e-mail them at [email protected] or find them on Facebook!
How To Apply for Branch Loan?
To apply for Branch Loan, one must first download their application on Google Play (CLICK HERE)
Launch the app,
Register an account with them and follow the prompt to get your loan disbursed into your account.