Branch Loan: Code, App, Repayment

In today’s fast-paced world, access to quick loans can be a lifesaver in times of financial need.

Branch, a cutting-edge lending platform, has revolutionized the lending process by leveraging machine learning algorithms to determine creditworthiness via customers’ smartphones.

In this comprehensive guide, we will delve into everything you need to know about Branch loans, from the application process to repayment, all in simple English for your convenience.

What is Branch?

Branch is a fintech company that utilizes technology to provide secure and convenient financial solutions to people in Nigeria and other regions. They have offices in Nairobi, Kenya, Lagos, Nigeria, Mumbai, India, and San Francisco, United States. Branch offers a range of services, including money transfers, instant loans of up to ₦500,000, and investment opportunities with attractive yields.

Branch Loan Requirements:

Getting a Branch loan is straightforward. To apply, you’ll need the following:

1. Phone Number or Facebook Account.
2. Bank Verification Number (BVN).
3. Bank Account Number.

You will also be required to grant access to the data on your phone, as this information is used to build your credit score. Branch works with a wide range of banks, including but not limited to:

– Access Bank
– First Bank of Nigeria (FBN)
– Guaranty Trust Bank (GTB)
– United Bank for Africa (UBA)
– Zenith Bank
– And many more.

How Branch Loans Work:

Branch’s unique approach to lending relies on the data from your smartphone, including handset details and SMS messages. This data, combined with your repayment history with Branch, is used to calculate your individualized credit score. This score determines the loan offers you’ll receive. To enhance your chances of approval, it’s essential to maintain good credit with other lenders and ensure your account details are accurate.

How to Apply for a Branch Loan Online:

Getting a Branch loan is as easy as 1-2-3-4:

1. Download the Branch App: Simply head to the Google Play Store on your Android device and download the Branch app.

2. Create Your Account: Fill out a brief form that takes less than 30 seconds to complete and submit it for a quick review.

3. Choose Your Loan: Select the loan that suits your needs. Loans are conveniently disbursed to your mobile money or bank account within minutes.

4. Repayment: Easily repay your loan using your mobile account, and as you repay promptly, you’ll unlock access to larger loans.

Loan Amounts and Terms:

Branch offers loans ranging from ₦2,000 to ₦500,000, with loan terms spanning from 9 to 52 weeks. Interest rates vary from 17% to 40%, with equivalent monthly interest rates ranging from 1.5% to 20%. The APR (Annual Percentage Rate) can be as low as 18% or go up to 260%, depending on your chosen loan option. These interest rates are determined by factors such as your repayment history and Branch’s cost of lending.

No Collateral or Documentation Needed:

One of the key advantages of Branch loans is that they do not require collateral or extensive documentation. All you need is a bank account linked to a valid BVN, and your loan will be deposited into your account shortly after completing your application session. Do keep in mind that standard SMS and data charges from your mobile carrier may apply.

Branch Loan Repayment Options:

Repaying your Branch loan is convenient, and you have several options:

1. In the Branch App with a Debit Card.
2. Via Bank Transfer to Your Unique Account Number (available in the Branch app).
3. For GTBank, Sterling, UBA, and Zenith accounts, you can use USSD in the Branch app.
4. Pay in cash at a GTBank branch.

Loan Defaulters and Consequences:

It’s crucial to repay your Branch loan on time to maintain access to future loan opportunities. While Branch does not work with Credit Bureau Registries, they may employ various means to recover their funds if you default on your loan. Avoid being a defaulter to ensure continued access to loan facilities when you need them urgently.

Customer Care Support:

If you have any questions or require assistance with your Branch loan, you can reach out to their customer care team at

Terms and Conditions:

Before applying for a Branch loan, it’s essential to understand the terms and conditions. These include:

– Paying the loan balance by the due date.
– Allowing the use of your personal data to determine loan offers.
– Being aware of fees and penalties for late payments.
– Allowing Branch to send messages to your contacts if you do not pay.


In this comprehensive guide, we’ve covered all aspects of Branch loans, from the application process to repayment and everything in between. Branch provides a user-friendly, accessible, and secure platform for borrowing money when you need it most. Remember to use this financial tool responsibly to enjoy its benefits fully.

Dont Forget to Share this post..Thanks!

Leave a Comment