Loan Features

The Branch MFB app lets you apply for personal loans on the go.
* No late charges or rollover fees on loans
* No paperwork, collateral or office visits needed
* Easy access 24/7
* Quick and easy sign up
* Use your money the way you want to — for home or business
* Lower fees, and flexible payment terms as you repay
* 15% ROI per annum
* Weekly interest payment
*Option to withdraw your savings anytime or keep it for a fixed period

Loan Calculation

Personal loans range from Ksh 150 to Ksh 100,000

Tenure: 62days to 1 year. Interest rates range from 2%-18% depending on the risk profile of the customer.

Example: Borrow Ksh 10,000 at APR of 196% (per annum) with tenure of 62 days
Interest = Ksh. 10000* 196%/ 365 *62 = Ksh. 3260

Total amount disbursed will be Ksh 10000
Total amount to repay will be Ksh 13260 (Ksh 10000 + Ksh 3260)
Two monthly payments of Ksh 6630

Personal loan rates and fees

Loan Amounts: Ksh 150 to Ksh 100,000
APR/Interest rate: 20%-211% (Monthly interest: 2% to 18%)
Processing fee: None
Onboarding fee: None

Loan Repayment Terms

Depending on your loan amount for which you are eligible, you have the option to choose repayment terms of up to 1 year. Every loan amount we offer has the option to repay in a minimum of 62 days.

Types Of Loans Offered

Branch personal finance app provides the following type of personal loans
– Medical Loans/Emergency Hospitalisation Loans
– Shopping Loans
– Home Renovation Loans
– Consumer Durable Loans (home appliances)
– Education Loans
– Travel Loans
– Wedding/Marriage Loans
– Student Loans

Contacts

Our Office Address: 10th Floor, Reliable Towers,
11 Mogotio Road, Off Chiromo Lane,
Westlands, Nairobi.

You can learn more about mobile app loans on this website

Branch Loan App