Wednesday, December 26, 2018

How To Apply and Repay For Branch Loan

How To Apply and Repay For Branch Loan
Branch loan application is a mobile loan application from Google play store that enables one to borrow up to Ksh. 70,000. 

Their initial loan limit is Ksh. 250 and can reach up to Ksh. 70,000 depending on how fast you repay the borrowed money. Branch loan application repayment period is between one to twelve months at a flexible interest rate of between 1% - 14%. 

Below is a detailed procedure on how to apply and repay for branch loan.

1. Using your android phone download the Branch application from Google Play Store.
2. Open the application and create your account by filling a form. This usually takes less than 40 seconds depending on your typing skills.
3. Submit your details to Branch for a quick review.
4. Apply for the amount you wish to borrow.
5. If your application is successful you will receive the loan on your mobile money or bank account in less than ten minutes.

Note that your loan limit increases if you repay a loan you took on time.

How to repay for branch loan.

1. Go to your sim toolkit on your phone and click the M-pesa menu.
2. Choose lipa na M-pesa option.
3. Choose Pay bill and key in 998608 as your business number.
4. On the account number option key in your mobile number (the one you used to register with branch.
5. Key in the amount you wish to pay back.
6. Key in your M-pesa pin number and click OK.
7. You will receive a confirmation message from M-pesa.

No comments:

Post a Comment