Monday, August 20, 2018

What is Branch Loan App?

Branch is a product of Branch International, a micro-finance lending institution operating in several countries including Kenya. Branch uses Branch loan app to make it easy for Kenyan citizens to access emergency loans anytime and anywhere.

What is Branch Loan App?

Branch loan App is a mobile loan application downloadable from Google play store that allows you to access credit from your mobile phone.
Branch loans are usually disbursed immediately through Mpesa with the minimum loan limit being Ksh 250 and can reach up to a maximum of Ksh 50,000.
Once you get a Branch loan you can choose the repayment period of between 1 to 12 months charged at a flexible interest rate. The interest rate is usually dependent upon a customer’s credit score.

Advantages of Branch App Loans

  • Branch loan products are designed to fit your needs
  • Branch loans do not have late penalties or rollover fees
  • A customer does not need a savings account to access use Branch loan app services
  • A good credit history with Branch qualifies you for larger loans with flexible terms.
So, How does the Branch App determine your creditworthiness?
The Branch loan App uses machine learning algorithms which process thousands of data entries to assess your credit profile and create tailored loan products.
Data is collected with permission by accessing information on your phone such as
  • SMS logs
  • Mpesa Logs
  • Handset Details
  • GPS Data
  • Call logs
  • Social Network Data
  • Contact lists
Note: You can also increase your credit limit by following the instructions written in the previous post on how to increase your loan limit. I myself have applied those rules several times on different loan apps and they have worked for me 100%. You too can try.

Branch App Loan Requirements

Branch Loans only requires your active Facebook account details, mobile number, and a National ID card number after which it scans your phone for the data described above to determine your credit score and hence loan eligibility.
More specifically, you need the following:
  • Smartphone – Either Android or iPhone
  • A valid/active Facebook Account.
  • Safaricom line and Tigo Pesa or Vodacom Mpesa if you are in Tanzania
  • Your National ID Number
As stated later in this post, after you’ve downloaded and installed the Branch App. Branch will check the information provided by CRB Kenya. This process is done to know your credit score.
To check your credit score kindly follow the steps highlighted in this article: How to check your CRB status in Kenya.

How to Apply for a Branch Loan

  1. Visit the Google Play store on your Android smartphone and search for the Branch App.
  2. Download and install the app on your phone
  3. Open the app and log in using your genuine Facebook account. (Branch only allows one branch account per person and the Facebook account you use when you first log into the app is the one we always associate with your account).
  4. Fill out the form provided and submit it for a quick review.
  5. Wait for about an hour or two to apply for your loan

Branch App Referal Program

Did you know that you can earn money by simply referring your friends to join Branch? well, now you know.
You will be able to earn Ksh 300 when your friends repay their first loan. Here is how to invite your friend to Branch.
  • Open your Branch App and tap on the three bars on the upper left corner to access the Main Menu
  • Your unique code is for the invite friends section. (If you can’t see this please update your app in the Google Play Store).
  • Send this code to your friends with a special message to invite them to Branch.
  • Your friends must apply your special code when they join and before they repay their first loan.
  • To redeem your bonus, simply ask for a loan from Branch 
Please let us hear about your Branch loan experience in the comment section below. Why don’t you share this post if you like it?

What is Saida App? . Saida Loan . Mobile Loans


Saida Loan: How to apply loan online and get paid via mpesa instantly

What is Saida App?
Saida is a mobile app that provides unsecured instant loans through mpesa. It is  an alternative of safaricom’s mshwari.
Just like Branch, Saida is a mobile loans provider. The guide below provides on how  to download, register and get saida loan to your mpesa online same day/instantly.
Guideline on how to apply and get Saida Loan via mpesa online
  1. Visit Saida App
  2. Download the Saida app
  3. You will  see some simple  form in the app to fill (your name, mobile number, ID No,  and email) then click create account.
  4. Pick a number from you contact number from your account (Not your number)
  5. You will be notified the amount of loan you can apply
  6. Tick whether on the period you want to repay the loan
  7. Then Request Loan
  8. You will receive your loan via mpesa
  9. You are done!
Saida official website: www.getsaida.com
As earlier stated the best alternative for Saida Loans is Branch Loan

Saida Mobile Loans


Saida Loan App is another among the longest list of mobile loan microfinanciers in kenya joining Tala,Branch Haraka, Shika and the rest.

The lender gives loans instantly into your Mpesa through an app running on android smartphones found in Google's play store .

How to get started with Saida

One needs to have an Android smartphone;

  • Go to play store and download Saida Loan App
  • Fill in the details required 
  • Verify your phone number and email address
You now have an active Saida Account.

How to apply for a loan

  • Log in the app
  • Check your loan limit displayed
  • Choose your repayment duration 
  • Accept terms
Your loan will be sent to your Mpesa number verified by Saida as you were creating your account.Lower limit is varied per customer but the maximum you can borrow is ksh25000.

If you didn't get approved,you can ask for a friend already using Saida to guarantee you.You can still upload more data for verification through the 'import' button.

How to repay Saida Loan

When it's time to repay,follow the steps below,

  1. Go to Mpesa
  2. Select Lipa na Mpesa
  3. Select Pay bill
  4. Enter 854400 (this is Saida Paybill number registered as Suave Business Solutions)
  5. Select Account number
  6. Enter your phone number as the account number.
  7. Enter Amount (here enter the loan amount due)
  8. Press OK
Always repay on time to increase your loan limit and avoid negatively being listed with the CRB 

How to Contact Saida Loan App help center

  • Use the in app help corner
  • Email to; hello@getsaida.com

Sunday, August 19, 2018

Best Loans Apps Available in Kenya

Best Loans Apps Available in Kenya

In Kenya today instant money lending loan apps are on the fastest rise and are taking over traditional money lending options such as banking institutions and even chamas.This leads us to ask questions such as which are the best mobile loan apps in Kenya? or how can I get a quick loan in Kenya?Well we have got your back,in this post we will enlighten you on the best loan apps that will give you instant cash currently.

1.Haraka

Haraka  is one of the fastest growing mobile loan app in Kenya with hundred thousands of users across the country.It offers you the quickest and most convenient means of getting an instant loan in Kenya. It creates an easy way for anyone to access credit anywhere and anytime in Kenya.
Applying for a Haraka loan is that easy. Paperwork is not required and you receive your loan as quick as possible using means such as MPesa.

2.Tala-Formerly Mkopo Raisi

Tala app enables Kenyans to access a loan of up to Ksh.50,000 and very quickly no matter what time it is that you need the credit. Tala loan is normaly remitted via M-Pesa.
Going by the latest updates to the Tala app, new features can enable you to easily check credit limit and see success stories from previous loan beneficiaries.


Process of applying for Tala Loan

The process of getting the Tala loan starts with downloading and installing the Tala app from your device play store.
Next step, the app is linked to your Facebook account for more details about you. In the last part, you are expected to answer a few personal questions after which you can access loans.
First-time applicants can only access Ksh. 2,000 but their credit limit increases as they continue to build their profiles.
Loans will be provided with a processing fee of between 5% and 15% depending on the users’ profile and loan size.
The loan must be repaid within the stipulated time.
The loan is repaid via M-Pesa pay bill number 851900.

3.Branch

Branch was introduced to Kenyan markets in 2015 and enables you to access credit instantly of up to ksh50000 without hustle.The payment method is usually via Mpesa just like Tala.

4.Saida

Saida app provides quick and easy loans via your M-Pesa account. You can get a quick unsecured loan on Saida to help you boost your business or sort out your emergencies.
Saida app allows you to access loans of up to Ksh. 25,000. Download the Saida App to determine if you are eligible for a fast loan. Not everyone is eligible for Saida loans. If you eligible for a loan, Saida will provide an explanation as to why and advise on how to be eligible.
The repayment period can be up to three months and interest rates are as low as 7.5%. The rate is tailored to each customer.

5.Jazika

Also another useful app that enables you to quickly grab what you were looking for financially.It offers quick cash in case you need it urgently.

6.Zidisha

Zidisha is a micro-loaning application that interfaces business people with lenders.
This means the stage empowers microlending exchanges between web clients and low-salary business people in creating nations.




The loans are without interest yet to be qualified, you need to meet certain capabilities.
In the wake of making a profile, the loan candidate is relied upon to depict his or her business, wanted loan sum, and favored reimbursement period.
The subtle elements are then checked by Zidisha staff or accomplice and if the application is endorsed, first-time candidates are relied upon to pay Ksh. 1000 handling expenses.
Getting to loans in Kenya has been made quick and proficient obviously in the event that you are qualified. Previously, getting to loans was a hustle.
You needed to experience a great deal of screening and now and then you would wind up with nothing.




On the off chance that you wish to get to unsecured versatile loans in Kenya today, download your favored application to begin.
The uplifting news continues coming since you would now be able to get to individual loans in Kenya by means of portable applications whenever, anyplace.

7.Timiza loan by Barclays bank

The Timiza loan application is as of now accessible on Google Play Store. Best of all, the application will be accessible to all Kenyans will’s identity ready to get or spare money whether they are clients at Barclays Bank or not.
With setting a farthest point of up to Sh. 150,000 without the hustle of a security, the new application enables Small and Medium Enterprises to develop their organizations quicker through simple access to credit.

How to get a loan via Timiza App

  1. Dial SSD code *848#
  2. Click Accept the terms and conditions
  3. Proceed to save or borrow depending on your needs.

8Stawika

9.Utunzi
Okolea

Tala Loan Categories

Tala Loan Categories


Bronze

Ksh 500 – Ksh 4,999

Silver

Ksh 5,000 – Ksh 9,999

Gold

Ksh 10,000 – Ksh 50,000

The most effective method to Qualify For Tala Loans in Kenya

The most effective method to Qualify For Tala Loans in Kenya


To fit the bill for an advance from Tala, you have to download their application from Google Play and enroll as a customer.During the enlistment, you will be required to answer a few inquiries ( answer the inquiries accurately in light of the fact that they will assume a major part in the endorsement of your advance) and enter your Mpesa number where the assets will be dispensed to. In the wake of completing the enlistment, the application will gather information from your telephone which they will use to process your advance. Your call recurrence and Mpesa exchange history are among the information that they will get from your telephone.

Subsequent to finishing the enrollment, you would now be able to apply for a credit which will be handled in 5 minutes. As a first time candidate, you will be given Ksh 2,000 and no security will be required.Upon endorsement, money will be sent quickly to your M-Pesa account. You will be charged an erratic handling expense of between five to 15 percent of the advance which must be reimbursed up to in a half year.
Paying your advance in great time will promises one to greater advances in future and on the off chance that you neglect to reimburse the credit in the stipulated time you get boycotted. Advances can be reimbursed utilizing Mpesa; Paybill number 851900 your Mpesa telephone number is the record number. Guarantee and affirm you are sending installments to INVENTURE MOBILE KENYA LIMITED.

Tala rates are settled at 11% in the event that you pay week after week and 15% on the off chance that you pay month to month.

Tala Loan Categories


Bronze

Ksh 500 – Ksh 4,999

Silver

Ksh 5,000 – Ksh 9,999

Gold

Ksh 10,000 – Ksh 50,000

Tala Loan: Fastest/Instant Mobile loan in kenya

Tala Loan: Fastest/Instant Mobile loan in kenya

Tala Loan App belongs to a California-based finance company in Kenya which offers instant unsecured mobile loans to Kenyans. The company was formerly known as Inventure and is Kenya’s number one Finance App.



Tala offers a minimum loan amount of Ksh 500 to first-time users and up to a maximum of Ksh 50,000 for subsequent users with good loan repayment history.
Compared to Banks & other Microfinance lending institutions, Tala Loans do not require security such as a Payslip, Title Deed or Car Log Book. But it is important to check your CRB status to know if you have been wrongly blacklisted.

How does Tala Mobile App Work?

Once downloaded from Google Play Store and installed on your phone. Tala Loan App scans your SMS folder for Mpesa transaction history and your voice call pattern history to build a credit score.
Tala loans do not require any security and the average loan is Ksh10,000 but first-time applicants are given a minimum of Ksh 500 and have to build their creditworthiness over time. The loan increment eligibility depends on your repayment behavior of previous loans.

Tala APK Download Procedure

To download Tala Apk, All you need is a registered Mpesa line and an Android phone running OS 2.3.3 or higher.

How to use Tala

  • You don’t need the APK, just head over to Google Play Store on your smartphone to download and install Tala app
  • Link the app to your active Facebook account to register as a customer.
  • Provide further information to Tala such as your phone number and also by answering correctly the few personal questions provided.
  • Tala loan qualification is dependent on the feedback you give on these questions.
  • Relax, go play or do something else while you wait for Tala to do their magic.
  • Check back after a while to confirm whether you have qualified and to also view the amount of loan you have qualified for.
 

Tala Paybill Number

Tala loan is only repaid through Mpesa Paybill number 851900 and your registered Tala phone number as the account number.
Steps for downloading
  • Access the Mpesa menu on your phone
  • Select the Lipa na Mpesa menu option followed by Paybill
  • Enter Tala Paybill number 851900.
  • Enter your phone number as account number
  • Follow Mpesa system prompt to complete your transaction (Mpesa charges apply)
  • You should receive an SMS message from Inventure Mobile Kenya confirming your loan repayment.
Apart from the method above, you can use another person’s number to repay your loan as long as you use your registered Tala phone number as the account number.

Tala Loan App Advantages

  • Once you are qualified for a loan, the disbursement is fast hence making it reliable for emergency loans.
  • Ample repayment period even if your loan repayment date is overdue.
  • Loan defaulters are given a grace period of 60 days before being blacklisted.
  • Tala loan app provides scheduled loan notification of repayments to their customers.

Tala Loan App Disadvantages

  • High loan Interest rates compared to other mobile loan app operators.
  • With Varying interest rates from one customer to another and credit limit, it is very difficult to determine your loan interest rate.
Kindly remember that all non-performing loans of more than 90 days overdue are listed as defaulter as provided in section 18 of the Credit Reference Bureau Regulations ACT 2013.

Tala Contact Details

Tala company provides several channels of communication for feedback, please click to find more on How to contact Tala.
Let us hear about your Tala loan app experience in the comment section below. Why don’t you share this post if you like it?