Last updated on August 24th, 2023 at 01:34 pm
Branch Loan is a leading loan platform where you can get an instant online loan in Nigeria. It uses data science to increase access to financial services for millions of Nigerians. The platform offers instant loans that help people achieve their business and personal needs. The company operates in Nigeria, Kenya, Mexico, India, and Tanzania.
The Branch was first launched in 2015 and became available for Nigerians in 2017. Over the last couple of years, the app has seen incredible growth with over 1.2 million users and over one million loans disbursed, worth over N9 billion in Nigeria alone. This incredible growth rate is a testimony to its service demand and usefulness.
The app is available for download via the Google Play Store if you’re an Android user. The firm started operations in the country’s financial-technology industry in 2017 and has garnered over 10 million app installs with 4.3 star ratings on the Google Play App Store.
Borrowing money from Branch is very easy and can be done within 20 minutes, or even less! You can follow the steps below to get access to a loan.
If you don’t repay your Branch loan when it’s due, they will penalize you, and the interests on your loan will continue to pile up.
Now you can compare interest rates from different lenders with our loan simulator and get the best deal. Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today
Branch Loan is designed to fit individual needs and help its users grow. Their loans range from between ₦1,000 to ₦200,000 with a repayment period of 4 to 40 weeks.
As you build credit with Branch, you unlock larger loan amounts, and all loans are approved, disbursed, and repaid directly from the app. In addition, Branch does not charge late fees or rollover fees which makes them a favorite. They also boast of swift and responsive customer support that is available 24/7 via the app.
From our experience with Branch Loan, I can say that they do what they say. No hidden charges. You just need to ensure that you make your loan repayment once it’s due to avoid having issues with the credit bureau.
They will approve your loan repayment within 24 hours. If you encounter any issues in the course of repaying your loan, contact the Branch Loan customer service on firstname.lastname@example.org or email@example.com for assistance.
At the moment, the Branch loan app is one of the top most common finance apps in Africa with better mass adoption compared with other lenders like Migo loan. The app takes care of loan needs with ease, allowing you to focus on growing your business and achieving your personal goals. In the process, it has reached more people, pulling them out of financial exclusion.