Posted by: James Okwise Category: Banking, Loans Comments: 0

Branch App Loan USSD Code And Requirements To Borrow Money

Is Branch a Microfinance bank? and what happens if you fail to pay Branch Loan. The Branch is a loan app in Nigeria with over 10M+ Downloads and 1.4M reviews on the Google Play store rated as one of Nigeria’s top 3 finance apps. The branch loan app is a registered microfinance bank in Nigeria as Branch International Financial Services Limited.

However, they do not only operate in Nigeria but all over across borders making it a more legit and trusted app when sharing your detail.

You may want to know if you can get any amount of loan from this Branch loan App. So, let’s out.

How do I get a loan from my Branch app? Is the Branch loan app legit? How much can Branch lend me? What is the highest loan limit in the Branch app?

Where To Download Branch Loan App

The Branch Loan app is available on Google Play Store and App Store on iPhone.

So, just the way you get other apps, that is how you can get the branch loan app and be able to borrow a loan from any device you are using.

Step 1. Head over to your App Store/ Google Play Store.

Step 2. Search for “Branch Loan App”.

Step 3. Identify the one by the publisher id; Branch International Financial Services Limited

Note: The branch app has over 10M+ downloads as of when this post was made with 1.04M+ reviews on the Google Play store.

Step 4. Locate the right Branch loan app and install it immediately.

Step 5. Then Open to create an account on the branch.

in the next section, we will be showing you how to create an account on Branch and borrow a loan.

How To Create A Branch Loan Account

Before you can be able to borrow a loan from the branch app, you must first sign up for an account and verify all necessary things that are needed which includes your identity and location. So, let’s see how to create a verified Branch account on both Android and iPhone.

By now, you already have the Branch Loan app on your device either Andriod or Iphone (or any device you downloaded it with).

The best way is to;

  • “Open” the Branch App.
  • Tap on “Sign Up”.
  • Follow the instruction and “fill out the form” correctly with your details.
  • “Agree to the terms and conditions” of the Branch App.
  • Provide all necessary verification means such as BVN (Bank Verification Number), NIN (National Identity Number) and Utility bill.
  • Set Transaction PIN and Password.
  • Done.

Branch Loan Requirement

Here is the most interesting part you may want to know and also how to borrow a loan from the Branch app.

Every loan app has different requirements and interest rates that they work with to be able to provide steady service for their customers, Branch is no different and has some loan limits depending on the customer’s repayment status and history.

In order to borrow a loan, you have to use the Branch Loan app for transactions in the past months and verify your account with all means of verifications.

The branch is much more than an online loan app to borrow instant cash. It is also an online banking app in Nigeria that lets you transfer money, gives you 2% cash back for every bill you pay, invest to earn up to 15% returns, and borrows money. It is the ultimate cash app with over 40 million downloads and counting.

Branch Loan Interest Rate

Personal Cash Loans range from ₦1,000 to ₦500,000

62 days to 1 year. Monthly interest rates from 3% to 23% depending on the risk profile of the customer.

That is;

Borrow ₦60,000 at APR of 181% (per annum) with a tenure of 62 days
Interest amount = (₦60,000 * (181% / 365)) * 62 = ₦18,400
The total loan amount disbursed will be ₦60,000
Total loan amount to repay will be ₦78,400 (₦60,000 + ₦18,400)
Two monthly payments of ₦39,200
Some customers may be charged a late fee.

Branch App Loan USSD Code

As with every other loan app in Nigeria that has a unique USSD code like Opay, Palmpay and others, Branch does not have USSD Code for loans or any transaction service.

Then, how to borrow a loan from Branch App.

Can Branch borrow me money?

If that is the question you are asking right now, the answer is Yes and let’s find out how.

How To Borrow Loan From Branch App

If you have done all the above-mentioned steps and you are ok with the Branch Loan interest rate, you can borrow a loan from the App without collateral or paperwork needed, just locate the loan menu or tap and get started.

The Branch team will review your loan application and if you get approved afterwards, you will get credited immediately and be notified through email.


In conclusion;

hope this guide helps you get started with the branch app and all about the Branch Loan app if you want a loan without collateral then the Branch app can give you loans for personal and business use. do check out our other loan app reviews.

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