Branch is a microloan application for Android mobile devices. The service offers to borrow a small sum of money for a short period for the residents of India, Nigeria, Kenya and Tanzania.
As with other modern microloan services like Nigerian OKash, this app offers a secure and paperless way to quickly receive some funds. There is no need to visit a branch office with a stack of documents. The registration takes just a minute. However, after uploading photos of your ID, you will have to wait a few hours for the confirmation.
It is worth noting that the utility requires access to your SMS for additional verification. To ensure security, all the data is transferred encrypted. Moreover, the service promises never to share your personal information with third parties.
The conditions of the loan are different from country to country. But whether you are a resident of Tanzania, India, Nigeria or Kenya, the maximum amount of money you may borrow is equal to a few hundred US dollars. As usual with this type of service, the annual percentage rate can be up to several hundred percent.
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