Branch Loan Penalties For Late Repayments

branch loan late repayments

Branch is a loan app offered by Branch International. The app is available on the Google Playstore and is accessible to all Kenyans and has over 10M+ downloads as well as a 4.6 star rating with 229K+ reviews.

Branch offers a minimum loan amount of Ksh 250 and a maximum amount of Ksh 70,000 with each loan increment being dependent on a variety of factors including Branch repayment history.

The interest rates range between 13% to 29% depending on the loan amount as well as the repayment duration.

The loan is repayable in 21 days as well as 30 days.

Failure to make repayment when the loan is due will lead to Branch taking necessary actions as per their Terms Of Use.

 

Branch loan terms and conditions

 

 

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