Branch Loan Penalties For Late Repayments
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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.