Branch Loan App: How to download and get N500K instant loan

The Branch is a fintech application that aims to provide a range of financial services, especially quick loans to millions of mobile users. Co-founded by Matt Flannery and Daniel Jung in November 2015, this international company currently operates in four countries: the USA, Nigeria, India, and Kenya. All you need to do to access an instant loan from the platform is to download Branch loan app from Google Play Store at the comfort of your home.

Among the various products and services offered by Branch, the loan aspect is the most popular. By leveraging machine learning technology, the company assesses the creditworthiness of its customers and determines their eligibility and loan amounts to be approved.

In addition to loans, the Branch app offers investment opportunities with a 20% return on investment (ROI). Users can choose between Flexi or Fixed investment plans. The app also provides free bank transfers and enables users to make bill payments for airtime, data, electricity, and cable TV.

What is Branch loan application?

Branch loan app is a leading loan and banking application in Nigeria and a globally acclaimed personal finance and investment platform that provides access to instant loans to millions of borrowers with no physical documentation or presence. With the app, users can save money, make transfers from Branch wallet, pay bills and get instant mobile loans.

The Branch lending network is a new frontier in finance where banks aren’t physical, paperwork is obsolete, and investment and money borrowing is virtual. For many, Branch provides first time access to a range of high quality digital banking products – instant loans, money transfers, bill payment, high yield investments and savings. All in one place.

With Branch, everything is 100% smartphone based as the application bypass the hurdles imposed by traditional banking institutions and provide more customers access to money and the freedom real time to use whenever and wherever they choose.

In few minutes, you can apply for a loan with the application. Simply download the Branch app, navigate to the “Loans” option at the bottom of the Home screen, and fill in your personal details, phone number and bank details. Then you can view available loan offers, select an option, and tap “Apply”.

Branch app loan amount

Branch loan application is one of the best loan apps in Nigeria that gives out emergency quick cash loan between N2,000 to ₦500,000 without collateral, documents or guarantors. Its loan can be used to meet any financial obligation or expenses that cannot wait till payday.

Unique Features of The Branch Loan App

1. Loan: Access quick and fast soft loans through the app.
2. Invest: Choose between Flexi or Fixed investment plans with a 20% ROI.
3. Free Bank Transfer: Transfer funds to any bank in Nigeria without any charges.
4. Pay Bills: Conveniently pay for airtime, data, electricity, and cable TV.
5. Request for Money: Easily request payment from individuals or businesses.
6. Very easy and seamless to Download Branch loan app from Google Play Store

Branch app country offices

Branch lending platform has offices in Nairobi, Kenya; Lagos, Nigeria; Mumbai, India; and San Francisco, United States, though at the moment, it operates in India, Kenya, Tanzania, and Nigeria.

Branch Loan App Lending Terms

Loan terms for Branch loan app ranges from 4 – 52 weeks. Interest ranges from 17% – 40% with an equivalent monthly interest of 1.5% – 20% and APR of 18% – 260%, depending on your loan option.

How Does The Branch App Work?

1. Download and Sign Up: Install the app from the Google Play Store and create an account. Verification requires your BVN (Bank Verification Number).
2. Branch Legitimacy and Safety: The Branch app is licensed by the Central Bank of Nigeria (CBN) and operates internationally. It has been featured in reputable publications such as WCJ and Bloomberg. The app ensures data encryption and employs security measures to safeguard users’ funds and information.

Branch Loan App Rollover Fees

With the Branch app, there are no late or rollover fees and no collateral necessary. Interest rates are determined by a number of factors, including your repayment history and the cost of lending for Branch. Standard SMS and data charges by your mobile carrier may apply.

Branch Loan App Customer Support

At the moment, Branch do not provide customer support by phone number or in person. They request customers to send them a message via the app any time, and promises to help resolve whatever issue such people may have.

Sevices Offered by Branch Loan Application

1. Build credit as you go: We designed our loan process to fit your needs and help you grow. As you build credit with Branch, you unlock larger loan amounts.

2. Get what you need on the go: Unlike other lenders, we don’t make you jump through hoops or fill out paperwork. Simply apply through the Branch app and get approved in under 24 hours.

3. Invest and earn 20% interest: Market leading interest rates make your money go further. We offer flexible withdrawals so that you can access your money anytime, anywhere.

4. Unlimited free transfers from your wallet: With the Branch Wallet, you can send and receive payments with your friends and family, at no cost.

5. Pay bills with the tap of a button: Easily pay bills and purchase airtime and data bundles direct from your Branch Wallet. Transact on the go and enjoy instant purchases.

How To Get Loan From Branch App?

To get loan from Branch app, all you need to apply is your phone number or Facebook account, bank verification number (BVN) and bank account number. They will also request access to the data on your phone in order to build your credit score.

How can I repay my loan with USSD?

In order to repay your loan with USSD, you must have either a GTB, Sterling, UBA or Zenith bank account added to your Branch account. From ‘My Loan’, tap the ‘Make a Payment’ button. Select or enter the amount you wish to repay, then tap ‘Continue.

Branch Loan App Customer Data Security

All the data stored by the platform for its use is encrypted and protected. It claims to have strict policies in place that ensure our methods are properly communicated and customer data is always secure.

Branch Loan App Loan Recovery Method

The platform do not condone any aggressive debt collection practices, including debt shaming. If you experience any form of harassment, please report the issue to us immediately via in-app chat.

Banks Supported by Branch Loan App

Branch supports a number of banks including : ALAT by Wema Bank, Access Bank, Ecobank Bank, Fidelity Bank, First Bank of Nigeria (FBN),  (FCMB), Guaranty Trust Bank, Parkway – ReadyCash, Paycom, Petra Mircofinance Bank Plc, Polaris Bank, Providus Bank, Rand Merchant Bank, Rubies MFB, Sparkle Microfinance Bank, Stanbic IBTC Bank, Standard Chartered, UBA, Unity Bank, Wema Bank, and Zenith Bank, and a few others.

Branch App Referral Promo Bonus

1. Sign Up Bonus: After signing up on the Branch app, make a first deposit using a debit card or bank transfer to receive a 650 Naira referral promo bonus. Enter the promotion code IKUSER98161 during the deposit process.
2. Referral Code Usage: If the promotion code does not appear during the deposit, access the Invite tab and enter the code manually.

Is Branch App Legit?

Yes! The Branch app has established itself as a legitimate and reputable fintech platform, offering a range of financial services to millions of mobile users. Founded in November 2015, the app is licensed by the Central Bank of Nigeria (CBN) and operates internationally, currently serving customers in four countries: the USA, Nigeria, India, and Kenya. The company has been featured in respected publications such as WCJ and Bloomberg, further validating its credibility.

With a strong emphasis on user safety and data encryption, the Branch app unlike fake loan apps across the country, employs robust security measures to ensure the protection of users’ funds and personal information.

Its track record of providing quick and hassle-free loans, attractive investment opportunities with a 20% return on investment, free bank transfers, and convenient bill payment options further solidify its legitimacy. Users can confidently engage with the Branch app, knowing that all financial transactions and investments are in safe hands.

Branch App Loan Review

1. Quick and Fast Loans: The Branch app provides soft loans, and the maximum loan amount you qualify for will be displayed. Users can adjust the loan amount if desired.
2. Loan Terms: Branch offers loans ranging from 2,000 to 500,000 Naira with a monthly interest rate of 1.5%-20%. The loan term can range from 4 to 52 weeks. Paying loans on time increases creditworthiness and improves chances for larger loan amounts in the future.

Branch App Investment Review

1. 20% ROI on Investments: The Branch app offers a 20% return on investments, surpassing similar platforms like Reaprite and Piggyvest.
2. Flexi Investment: Allows users to save their money at a 20% interest rate while providing flexibility for withdrawals.
3. Fixed Investment: Users can lock their funds for a minimum of 30 days to a year at a 20% per annum interest rate.

Free Bank Transfers and Deposits

1. Free Transfers: The Branch app enables free transfers to any bank in Nigeria.
2. No Deposit Fees: Depositing funds via debit card or bank transfer incurs no charges. The stamp duty charge does not affect funds in the Branch app.

Branch Loan App Download

With over 40 million downloads across Africa and India, Branch is one of the most popular finance apps in the world. With this application, everything is 100% smartphone based. The platform bypasses the hurdles imposed by traditional banks and provide more customers access to quick loan and the freedom to use it whenever and wherever they choose.

You can only use your Android phone to download the Branch loan app from the Google Play store. It is important to note that the Branch app is only available on Android. It’s not available on iPhone. So whatever Branch loan app APK you see on the internet is probably fake and likely ransomware of some sort.

To download Branch loan app, do the following:

1. Open the app store on your mobile device. The Branch Loan App is available for both Android and iOS devices, so make sure you visit the appropriate app store based on your device.
2. In the search bar of the app store, type “Branch Loan App” and tap on the search icon.
3. Look for the official Branch Loan App from Branch International and tap on it to open the app’s page.
4. Once you are on the app’s page, review the app’s description, ratings, and reviews to ensure it is the official and legitimate app.
5. Tap on the “Install” or “Get” button to begin downloading the app. The app store may require you to enter your device’s passcode or use biometric authentication to confirm the installation.
6. Wait for the app to download and install on your device. The installation time may vary depending on your internet connection speed.
7. Once the app is installed, locate the Branch Loan App icon on your device’s home screen or app drawer.
8. Tap on the app icon to open the Branch Loan App.
9. Upon launching the app, you may be prompted to create an account or log in if you already have one. Follow the on-screen instructions to complete the registration process or provide your existing login credentials.
10. After logging in or registering, you can explore the app’s features and services, including applying for loans, managing your finances, and accessing other financial tools.

How To Apply for a loan from Branch Loan App

Branch processes all loan within 24 hours. The application however says it hopes to reducethis soon to just a few minutes. To apply for a loan after you might have downloaded the branch loan app, do the following:

• Open the Branch Loan app on your device and click the icon in the top left corner.
• Then click ‘My Loans’ options to see your current loan offers
• If the loan offer meets your need, click on the button containing your loan amount.
• Submit the bank account you wish to receive the loan
• Then click on “Request this loan”
• Click on “Apply” to apply for your branch loan
• You should receive your loan in a few minutes.

What are the Interest Rates and Fees for Branch Loan App?

The Interest rates on Branch loans are determined by a number of factors, including your repayment history and the cost of lending to the company.  This loan app also uses the information on your mobile phone to determine if you’re eligible for a loan.

Branch loan app is known for fast and emergency loans with monthly interest between 2.5% to 20% and APR of 18% to 260%. Branch do not charge late fees or rollover fees, nor put restrictions on how you spend your money. Depending on the loan amount you select, monthly repayment options typically average 30 to 60 days.

How can I contact Branch customer care?

You can get in touch with Branch customer care through various channels:

• Facebook: Visit https://www.facebook.com/branchnigeria
• Twitter: Follow https://www.twitter.com/branch_ng
• Instagram: Connect with https://www.instagram.com/branch_ng
• Email: Reach out to nigeria@branch.co

Airtime, Data, and Bills Payment

1. Airtime and Data: Users can purchase airtime and data plans from various network providers, such as MTN, GLO, AIRTEL, 9 MOBILE, and SMILE. Buying a minimum of 200 Naira worth of airtime or data offers a 5% cashback bonus.
2. Bills Payment: The Branch app allows payment for prepaid electricity from multiple distribution companies (Discos) and subscriptions to cable TV services such as DSTV. Paying bills through the app grants a 5% cashback bonus.

Branch Referral Bonus and Rewards

1. Referral Bonus: New customers can receive a 650 Naira bonus by following the referral bonus steps mentioned above. Existing customers can also refer friends to earn referral bonuses.
2. Branch Reward: The Branch app rewards customers with cashback for transactions such as airtime and data purchase (minimum of 200 Naira), electricity and cable TV subscription, and weekly deposits of 300 Naira or more.

Using Branch Request Payment to Receive Funds

The Branch app allows individuals or businesses to request a specific amount from others. Open the app, tap on Wallet, select Request Payment, fill in the amount and additional details if needed, and share the generated link or account details.

Investing in Branch App for a 20% ROI

Open the Branch app, tap on the Invest tab, choose between Flexi or Fixed investment, enter the investment amount, select the funding account (Branch Wallet or Debit Card), and confirm the transaction.

Is the Branch app a safe and good option for investments?

Yes. The Branch loan app is very safe to download and to use to apply for a fast loan. After you download Branch loan app, you can use it as a reliable platform for both savings and investments, offering a 20% annual interest rate. It provides a secure environment, ensuring the safety of your funds.

What Are The Benefits of Branch App?

1. Free Bank Transfers: Users can transfer money to other banks at no cost.
2. Easy Loan Access: Applying for loans through the app is quick and hassle-free.
3. 20% Interest on Investments: Both Flexi and Fixed investments offer a 20% interest rate, with interest paid weekly.
4. No Deposit Fees: Depositing funds using a debit card or bank transfer does not incur any fees.
5. Cashback Bonuses: Users receive a 5% cashback bonus for airtime, data, electricity, and cable TV payments.
6. Bonus on Fixed Investment: Customers can receive a one-time bonus of up to 5000 Naira for a Fixed investment of 5000 Naira or more for a year.

What Are The Limitations of Branch App

1. No Debit Card: The Branch app does not currently provide physical or virtual debit cards.
2. Transaction Limits: The maximum amount for each transaction, including deposits and withdrawals, is 100,000 Naira. For higher amounts, multiple transactions are required. If someone sends more than 100,000 Naira, it will be automatically forwarded to the user’s linked bank account.
3. Wallet Balance Limit: The highest amount that can be held in the Branch wallet is 500,000 Naira.

Why was I rejected for a loan?

If you don’t get accepted when you apply, don’t worry! Sometimes it may take several attempts to qualify for a loan. We encourage you to continue saving data on your phone and to reapply after the period stipulated.

How does Branch make a lending decision?

Branch uses data from your phone, including your handset details and SMS messages to automatically make lending decisions. We combine this with your Branch repayment history to build an individualised credit score, which determines the loan offers you receive.

How can I increase my chance of being accepted?

Branch loan app uses data from your phone as well as other sources to make a lending decision. To increase your chances of approval, please make sure to save the data on your phone, stay current with all other lenders, and correctly input your account details.

How can I withdraw money from my Branch wallet?

To withdraw funds from your Branch wallet, open the app and navigate to the Wallet section. From there, select the Free Transfer option and choose whether to transfer the funds to your default bank account or to another account of your choice.

What if someone else applied with my phone?

Once a phone has been used to access Branch, it cannot be used by anyone else. To access Branch, kindly use another phone that you own and that has not been used for a Branch loan before.

Conclusion

Users can easily download branch loan app and sign up to start using the financial and loan services offered by the platform. Branch is licensed by the Central Bank of Nigeria (CBN) and ensures the safety of funds and user information through encryption and security measures. The Branch app also offers referral promo bonuses, quick loan access, flexible investment options, free bank transfers and deposits, airtime and bill payments, as well as rewards for transactions. However, it has limitations such as the absence of debit cards and transaction and wallet balance limits.