Branch loan app review (is Branch app legit?)

Branch loan app review (is Branch app legit?)

Branch loan app review (is Branch app legit?)

Branch loan review

Read my Branch loan app review.

In Nigeria, there are various options to obtain rapid online loans. This is due to the growing number of digital financial service platforms that offer quick loans to potential consumers. On many lending apps, you may now acquire instant online loans in less than 24 hours or even less than twenty minutes.

What’s more interesting is that they can be obtained in a matter of minutes after completing an online form. Even if you are unemployed, these lenders would help you as long as you can pay back your loan when it is due.

In this article, we are going to review one of the leading loan apps in Nigeria named Branch, we are going to cover some of the questions you might have in mind like, how you can get a loan from branch, how to repay branch loan, how legit branch platform is and also provide you their customer support Infos, so, read to the end.

Read my C24 loan app review

About Branch

Branch Loan is a popular loan platform in Nigeria where you may acquire a fast online loan. It makes use of data science to help millions of Nigerians gain access to financial services. The website provides fast loans to help people meet their personal and business goals. Nigeria, Kenya, Mexico, India, and Tanzania are among the countries where the company operates.

The Branch loan app was originally launched in 2015, and Nigerians were eligible to use it in 2017. The program has grown rapidly in recent years, with over 1.2 million users and over one million loans given in Nigeria alone, totaling over N9 billion. This phenomenal growth rate attests to the demand for the use of its services.

If you’re an Android user, you can get the app from the Google Play Store but if you’re using an IOS device, their app is not yet available on the app store. The company entered the country’s financial-technology business in 2017 and has since amassed over 10 million app installs on the Google Play App Store, with a 4.3-star rating.

How to apply for a branch loan

You’ll need the Branch Loan app to apply for a branch loan. Branch does not provide their service on the website or a desktop app for customers to use to access their loans. Only through a mobile app for Android.

This loan firm does not have an iOS app.

Go to this link to download the branch loan app from the Google Play Store. After downloading the app, you can now proceed to create a branch account by filling out the relevant information and begin using Branch to obtain loans.

After you’ve set up your Branch account, you can apply for a Branch loan by following the steps listed below:

Step 1: On your mobile, open the Branch loan app and tap the icon in the top left corner.

Step 2: Select ‘My Loans’ from the drop-down menu to see your current loan offers.

Step 3: If the loan offer satisfies your requirements, select the button that displays the loan amount.

Step 4: Provide the bank account where you want the loan to be deposited.

Step 5: Next, select “Request this loan” from the drop-down menu.

Step 6: To apply for a branch loan, click “Apply.”

Step 7: Your loan should arrive in a few minutes.

How to repay branch loans?

Read my Specta loan review

A debit card can be used to repay a branch loan using the app. You can also make a bank transfer to repay the debt.

If you choose Bank transfer as your repayment method, you’ll be given a unique account number to which you can transfer the repayment money into.

GTCollections allows you to pay off your loan in cash at any GT Bank branch.

Tell the teller you’d want to use GTCollections to make a payment to “Branch International Financial Serv Ltd.” Fill out the deposit paper with your personal information.

Click “Tap to Pay” in the loan app to see your “Reference ID.” Choose the amount you’d like to pay. Then, from the “Repayment method” selection menu, select “Cash.” On the deposit slip, write your “Reference ID.”


What is branch?

People in Nigeria can use Branch to send money for free, get rapid loans up to $500,000, and earn 20% annual returns on their investments. Complete their application in a matter of seconds to begin receiving exceptional value.

How can you contact branch support

They do not provide customer service via phone or in person at this time. Send them a message via the app at any time, and you will be assisted to resolve your issue.

Where is branch located?

Branch offices are located in Nairobi, Kenya; Lagos, Nigeria; Mumbai, India; and San Francisco, United States.

What are the requirements needed to receive a loan?

The application process is straightforward; all you need is your phone number or Facebook account, as well as your bank verification number (BVN) and bank account number. In order to calculate your credit score, you will be also asked for access to the data on your phone.

What is branch interest rate?

Interest rates are decided by a variety of criteria, including your repayment history with Branch and their cost of lending. Interest charges are as follows, depending on these factors:

  • Loan Terms: 4 – 52 Weeks
  • Late / Rollover Fees: None
  • Interest Range: 17% – 40%
  • Equivalent Monthly Interest: 1.5% – 20%
  • Equivalent APR: 18% – 260%

What will happen if you didn’t repay your loan?

Late payments will have an impact on your ability to get additional or larger loans.

You may be reported to the National Credit Reference Bureau if you are consistently late with your payments. You will be unable to obtain loans from other lenders if you are listed with the CRB, and it may also hinder your ability to obtain employment with certain employers.

If you return your loans on or before the due dates, on the other hand, you will have access to greater loan amounts over time.

Read my Gocash app loan app review

Is Branch app legit?

Yes, the branch loan app is legit and they give out loans at good interest rates.


Hope we have answered any questions you might have concerning branch loan apps, and if you feel some are still unanswered, comment down below and you will get appropriate feedback.


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