Apply for loans with ease on the Branch loan application portal. Follow the outlined guidelines below to see how to apply for Branch loan in Tanzania.
Below, you will also see the requirements you need to apply for personal online loans on Branch.
Branch Loan Tanzania Review
Branch is one of Tanzania’s main providers of financial services. Excellent financial services are offered to Nigerians at all levels through the portal.
By offering savings, transactions, bill payments, and investment opportunities, Branch, a digital bank, is transforming banking in underdeveloped nations.
Is Branch Loan Genuine?
Branch is a dependable financial service company in Tanzania. Many users trust the platform for securing reliable loans.
Further, Branch is also knowm for securing its users’ information. The security feature of the platform is top-notch. It does not share the users’ information with other platforms.
How Does Branch Loan Work?
You can complete transactions on Branch using only a smartphone. Branch loans are still available to those without a credit history. Without having to cope with the inspection of traditional institutions, they use alternative data to provide customers with financial solutions they can access from any location.
Branch looks at smartphone data to determine your eligibility. Tens of thousands of data points are analyzed by our machine learning algorithms in just a few seconds to generate personalized loan recommendations.
How Much Can I Borrow Money from Branch Tanzania?
In Tanzania, Branch offers loans from Tsh 5,000 to Tsh 700,000. Fortunately, you can borrow this amount without the need for good credit history. Also, you do not need collateral to qualify for loans on Branch.
When you pay off your loan, the loan amount which you can borrow will increase.
What Do I Need to Borrow Money on Branch Loan Tanzania?
To get loans on Branch, you need a:
- Bank account
- Facebook account
- National ID, voter’s card, or driver’s license
Note: To determine your eligibility, Branch will request data on your phone.
Branch Mikopo Login
You must sign into your account on the mobile app before you can borrow money from Branch. To register:
- Launch the smartphone app.
- Visit Sign Up.
- Give accurate information when completing the short form.
- Send the application in for a quick review.
How to Apply for Loans on Branch
Follow the guide below to apply for loans on Branch:
- Open the Branch app (see how to download the app below).
- Login to your account or sign up (if you are a new user).
- Click on Loans at the bottom of the homepage.
- Enter your details and bank details.
- Browse through the loan options available for you.
- Choose the suitable option for you and click Apply.
How to Repay Branch Mikopo Tanzania
Note: Branch loan Tanzania does not charge any fees for late repayment.
To repay your loan, you need to use the Branch loan Tanzania USSD code.
- Airtel: *150*60#
- Tigo: *150*01#
- Vodacom: *150*00#
Branch Mikopo App APK Download
To enjoy quick loan access, you need to download and use the Branch loan app.
Fortunately, you can easily download the app on the Branch’s official website.
Contact Branch Customer Care Number