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
* 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
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
– 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.
11 Mogotio Road, Off Chiromo Lane,
Westlands, Nairobi.
You can learn more about mobile app loans on this website
