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Branch International

Branch International Kenya

App loan

What is this?

Branch is a mobile app lender. It offers quick loans, money transfers, bill payments, and savings accounts. The Central Bank of Kenya regulates it.

What does it cost you?

There are no separate charges. What you pay each month is the price of the cover.

What if you stop paying?

If you miss a payment, you may be charged late fees. Your ability to borrow in the future could also be affected. Branch does not use aggressive debt collection.

What if you need the money early?

For Target Savings, withdrawing before the goal date means you lose all interest. Early loan repayment terms are not clear. Paying on time helps you borrow more.

Who this suits

It could work for you if

Use Branch if you need a fast loan and are okay with them checking your phone data. It also offers savings accounts with good interest rates.

Think twice if

Do not use this if you need to borrow more than KSh 1,000,000. Also, do not use it if you are not comfortable with your phone data being used to check your loan eligibility.

How openly does this company explain its charges?

EWon't tell you what it costs1 of 5 answered
  • What do they charge you every year?
    This kind of charge does not exist on this product.
  • What is taken off the money you pay in?
    They do not say how much of each payment is taken before it is invested.
  • What does it cost to get out early?
    There is nothing to cash out, so there is no exit charge.
  • What is the smallest amount you can start with?
    They do not publish a minimum. You have to ask an agent.
  • How long is your money tied up?
    Not applicable to this kind of product.
  • Is the advertised return before or after their charges?
    This product does not advertise a return.
  • Do they warn you the return is not guaranteed?
    This kind of product does not advertise a return.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    They list no separate charges. What you pay is the price.
  • Do they say who regulates them?
    They do not say who supervises them.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Where we got this