Branch Loan is a well-known lending app in Nigeria where you may apply for a quick online loan. Millions of Nigerians now have easier access to financial services thanks to data science. The website provides immediate loans to assist users in meeting both their personal and professional demands. The corporation has operations in Tanzania, Kenya, Mexico, and India.
Branch App Overview
Initially released in 2015, the Branch Loan app was made accessible to Nigerians in 2017. With over 1.2 million users and over one million loans given, totaling over N9 billion in Nigeria alone, the app has experienced phenomenal development over the past few years. Its effectiveness and high demand for its services are demonstrated by this astounding growth rate.
If you use Android, you may get the app from the Google Play Store. The company began operating in the nation’s financial technology sector in 2017, and as of this writing, it has amassed over 10 million app installs with 4.3-star reviews on the Google Play App Store.
FAQs Regarding Branch Loan
How Do I Apply For A Branch Loan?
The process of borrowing money from Branch just takes 20 minutes or less. To acquire a loan, just adhere to the procedures listed below.
1. Download the Branch Loan app from the Google Play Store (at the time this piece was published, there was no Branch Loan app for iOS users).
2. Register for an account and complete a short form. Make sure you supply proper information to prevent delays in getting your loan.
3. Determine the loan amount for which you are qualified and submit an application.
4. Have the funds deposited into your bank account within 24 hours.
What Takes Place If Branch Loan Isn’t Paid?
If you don’t pay back your Branch loan before the deadline, penalties will apply, and interest will keep accruing.
What is the Branch Loan Interest Rate?
Branch Loan is made to meet unique needs and promote user growth. Their loans have terms of 4 to 40 weeks and a range in size from $1,000 to $200,000.
Larger loan amounts become available as you establish credit with Branch, and all loans are accepted, issued, and repaid directly from the app. Branch is a favorite because they don’t impose late fees or rollover costs. They also have quick, helpful customer service accessible around the clock via the app.
Get a FAST loan also using NewCredit Loan App or Easy Credit Loan App
Is Branch Loan a Real Loan?
I can say that Branch Loan does what they say because of our experience. No unforeseen fees. Simply making your loan repayment when it’s due will prevent any complications with the credit bureau.
Repaying The Loan
1. Launch the Branch Loan application
2. Click “My Loan”
3. Select “Tap to pay.”
4. Enter the sum of money you plan to repay.
5. Decide whether to pay with a debit card or a bank account.
6. Press “Continue”
Within 24 hours, you will receive your loan repayment. Contact the Branch Loan customer care at [email protected] or [email protected] for help if you run into any problems while repaying your loan.