Many Kenyans rely on mobile loans for emergencies, but they often get confused about how to apply or repay correctly. Mistakes like wrong Paybill numbers or late payments can affect your credit score.
If you follow the right steps, you can apply for a Branch loan and repay it smoothly using your phone.
Quick Answer
You can apply for a Branch loan through the app and receive money instantly on M-Pesa. To repay, use Paybill 998608, your phone number as the account, and confirm with your M-Pesa PIN.
Step-by-Step Guide to Apply for Branch Loan
Step 1: Download the Branch app
Install the app from Google Play Store on your Android phone.
Step 2: Sign up and create account
Register using:
- Phone number or Facebook account
- Fill in your personal details correctly
Step 3: Apply for a loan
Once verified:
- Select loan amount within your limit
- Submit your application
Step 4: Receive money on M-Pesa
Approved loans are sent directly to your M-Pesa account within minutes.
Branch Loan Requirements
- Android smartphone
- Active M-Pesa account
- Registered SIM card
- Basic personal information
- Facebook account (optional but recommended)
Step-by-Step Guide to Repay Branch Loan via M-Pesa
Step 1: Open M-Pesa menu
Go to your M-Pesa on your phone.
Step 2: Select Lipa na M-Pesa
Choose Paybill option.
Step 3: Enter Paybill number
Use 998608 as the business number.
Step 4: Enter account number
Use your M-Pesa phone number linked to Branch.
Step 5: Enter amount
Input the exact repayment amount.
Step 6: Enter M-Pesa PIN
Confirm the payment securely.
Step 7: Receive confirmation SMS
You will get a message confirming your repayment.
Your Branch app updates automatically within minutes.
Branch Loan Interest Rates and Terms
- Loan range: Ksh 250 – Ksh 70,000
- Interest: 1% – 14% per month
- Repayment period: 4 to 68 weeks
- Disbursement: Direct to M-Pesa
Extra Tips and Best Practices
- Repay loans on time to increase your limit
- Always use the correct Paybill number
- Check your loan balance before paying
- Keep confirmation SMS for records
- Borrow only what you can repay
Common Mistakes to Avoid
- Entering wrong Paybill number
- Using incorrect phone number
- Paying less than required amount
- Missing repayment deadlines
- Ignoring loan terms
Frequently Asked Questions
How fast does Branch send money?
Usually within minutes after approval.
Can I repay early?
Yes, early repayment helps increase your loan limit.
What happens if I delay payment?
You may incur penalties and your credit score may drop.
Conclusion
Applying and repaying a Branch loan via M-Pesa is simple when you follow the correct steps. The process is fast, digital, and accessible to anyone with a smartphone.
By borrowing responsibly and repaying on time, you can grow your loan limit and maintain a strong financial profile.
