How to Repay Branch Loan using M-PESA Paybill Number 998608. Branch is a microfinance bank that allows users to borrow loans directly through their mobile phones without needing to visit a physical office. Repaying a Branch loan is straightforward and can be done using the M-PESA Paybill number. Here’s a step-by-step guide on how to repay your Branch loan using M-PESA:
Requirements to Repay Branch Loan
- An active M-PESA account with sufficient funds to cover the loan repayment.
- The Branch Paybill Number: 998608.
- The phone number used to borrow the loan (this acts as the account number).
Steps to Repay Branch Loan Using M-PESA
- Open the Safaricom SIM Toolkit on your phone.
- Select the M-PESA option.
- Choose Lipa na M-PESA from the menu.
- Select Paybill.
- Enter the Business Number: 998608.
- Enter the Account Number: This should be the phone number you used to borrow the loan.
- Enter the Amount you wish to repay.
- Enter your M-PESA PIN and submit.
- Confirmation Messages:
- You will receive a confirmation message from M-PESA indicating that the payment was successful.
- You will also receive a confirmation message from Branch confirming the repayment.
Alternative Method: Repay via Branch Loan App
You can also repay your loan directly through the Branch Loan App by following these steps:
- Launch the Branch Loan App on your phone.
- Log in using your phone number and PIN or password.
- Go to the ‘My Loan’ section.
- Select the loan you wish to repay.
- Tap on ‘Repay’.
- Enter your M-PESA PIN to complete the payment.
Contacting Branch Microfinance Bank
If you need any assistance or have any queries, you can contact Branch using the following methods:
- In-app messaging system: Communicate directly with Branch through the messaging system available in the app.
- Email: Send an email to [email protected].
By following these steps, you can easily repay your Branch loan using M-PESA, ensuring your loan is settled on time and avoiding any late fees.
