Branch has revolutionized mobile lending in Kenya, offering quick and easy loans directly to your M-Pesa account. Whether you need emergency funds or capital for a business, Branch provides an accessible solution with no paperwork or complicated requirements. This guide walks you through the step-by-step process of applying for a loan through the Branch app and repaying it via M-Pesa.
How to Apply and Repay a Branch Loan Via M-Pesa in Kenya
Branch makes borrowing money simple and hassle-free. Here’s everything you need to know to apply for a loan and repay it using M-Pesa.
How to Register and Apply for a Branch Loan
Follow these easy steps to apply for your Branch loan:
- Download the App
- Go to the Google Play Store, search for Branch App, and install it on your Android phone. Ensure your device is running Android version 4.0.3 or higher.
- Sign Up
- Open the app and sign up using your Facebook account or phone number. Fill in the required personal details carefully.
- Apply for a Loan
- Once your profile is set up and verified, you can apply for a loan. Select the amount you wish to borrow based on your financial needs.
- Receive the Money
- After approval, the loan amount is deposited directly into your M-Pesa account within minutes.
Branch Loan Interest Rates and Repayment Terms in Kenya
Branch offers flexible loan options with competitive interest rates and repayment terms. Here’s a breakdown:
| Loan Amounts | Ksh 250 – Ksh 70,000 |
|---|---|
| Interest Rate | 1% – 14% per month |
| Repayment Period | 4 – 68 weeks |
| Disbursement Method | Direct to M-Pesa |
| Eligibility | Must have an active M-Pesa and Facebook account |
Repaying your loan on time will increase your loan limit for future borrowing. Delayed payments may negatively affect your credit score, making it harder to access larger loans.
How to Repay a Branch Loan Via M-Pesa
Repaying your Branch loan is easy and secure. Follow these steps to make your payment through M-Pesa:
- Go to the M-Pesa Menu
Open your M-Pesa on your phone. - Select ‘Lipa na M-Pesa’
Choose the Paybill option. - Enter Paybill Number
Type 998608 as the Business Number for Branch. - Enter Account Number
Use your M-Pesa registered phone number (the same number linked to your Branch account). - Enter the Repayment Amount
Input the exact amount you want to repay. - Enter M-Pesa PIN
Confirm the payment by entering your M-Pesa PIN and pressing OK. - Confirmation
You will receive an SMS confirming your repayment from M-Pesa.
Once your payment is processed, your Branch account will update immediately. You can check your Branch app dashboard to confirm that your loan repayment was successful.
Wrapping Up
Branch remains one of the most trusted mobile lending apps in Kenya due to its convenience, fast processing, and transparent terms. With just a few clicks on your phone, you can apply for and repay loans directly through M-Pesa. Whether you need quick cash for an emergency, business, or school fees, Branch offers a seamless solution with flexible repayment options.
Remember, timely repayment will increase your borrowing limit, allowing you to access larger loans in the future. Stay disciplined with your repayments to enjoy better financial support when you need it the most.
