Branch Loan App: How to Download It

Loan apps have continued to close the financial inclusion gap in Nigeria by granting loan access to millions of people who were previously denied credit by banks. Although certain unauthorized lending applications have become a threat to the system, legitimate players continue to carry out their duty without jeopardizing the company’s ethics. 

Branch Loan app, a Kenya-based company with operations in Nigeria, India, and Tanzania, is one of many licensed lending apps that offer fast loans to many people. Branch developed an automated way to determine creditworthiness using machine learning on consumers’ smartphones.

According to the organization, while this technologically advanced approach necessitates transparency and confidence, it also provides a fair, secure, and convenient avenue for clients to download the Branch loan app, develop money, and save for the future. 

In this article, we will show you how to download the Branch Loan App for iPhone users likewise for Android users. Also, we will provide you with the Branch Loan App customer care number if you ever need assistance with the app 

So, if you’re seeking a quick, simple, and easy way to acquire a loan, the Branch loan app is the answer. So, let’s dive into how to download the Branch loan app

An Overview of the Branch Loan App

Branch, which was launched in 2017, simplifies the process of receiving a personal loan by giving an app with a frictionless onboarding procedure. The branch verifies the user’s identity and calculates a credit score using phone data, including SMS history. 

The Branch loan app is an online lending platform that provides loans to qualified customers. As previously indicated, the corporation has operations in Nigeria, Kenya, Mexico, and Tanzania.

In Nigeria, loans range from ₦1,500 to ₦500,000, with monthly interest rates ranging from 17% to 40% based on repayment history. In Tanzania, loan amounts range from Tsh 5,000 to Tsh 700,000, with monthly interest rates ranging from 4% to 27%, depending on the conditions.

The Loan App is regarded as one of the greatest online lenders. The Loan Offered By Branch app features:

• Medical loans
• Business loans
• Travel loans
• Personal loans
• Emergency loans

Branch customers can choose payback durations of up to 336 days across nations, however, each loan amount requires a minimum of 60 days to repay.

Related – Zenka Loan App: How to get Mobile Loan in 5 Minutes

How Branch Loan App Works

Branch allows you to apply for a loan from its app using your smartphone, and you will not be required to provide collateral until your loan is authorized.

When you download the Branch app, you will be asked to sign up using your phone number (ideally the one that receives bank alerts), bank verification number (BVN), and bank account number.

When finished, Branch will seek access to your device details, SMS records, contact lists, and GPS data. They will use this information to build a credit score for you.

Your credit score impacts how much you can borrow, the payment plan you can choose, and the amount of interest you will pay on your loan. A higher credit score increases your likelihood of approval.

Before signing up, ensure that your phone has enough Internet connectivity to accurately calculate your credit score.

The Benefits of Using the Branch Loan app

The loan app seeks to assist consumers satisfy their financial demands, thus there are many perks associated with this platform.

1. No collateral is required before users can obtain loans.
2. Competitive interest rate (17-40%)
3. Customers’ data is protected and secure.
4. Flexible payback schedule.
5. There is no aggressive behavior, harassment, or attitude during debt collecting.
6. Customer data will never be shared with any third parties or platforms.
7. A large maximum loan of N1,500 to N500,000, while new users can only borrow up to N200,000 at a time.
8. Multiple repayment plan options
9. There is no late charge or rollover money for late payments.

Read Also – Timiza Loan App: How to Get a Loan from Timiza

The Disadvantages of the Loan App

As the loan app has so many benefits, it has various downsides that consumers may encounter when utilizing this rapid lending app.

To gain access or begin the procedure, you must first download the Branch App.

The site only works with specified banks, thus you must supply a bank account from one of those banks.

How to Download the Branch Loan App 

The Branch Loan app is available on mobile devices. So, just as with other apps, you may download the branch lending app and borrow money from any device. Let’s see how to download the app:

Download the Branch Loan App For Android 

Let’s take a brief look at how to download the app on an Android device.

1. Visit the Google Play Store

To download the branch loan app for Android, navigate to the Google Play Store on your device. It is presently accessible for Android users running version 5 or higher, with over 10 million downloads and 1,403,097+ user ratings.

2. Search for Branch Loan App

Go to the search bar and type Branch loan mobile application. When the search results appear, click on them.

3. Install the Branch App 

After you’ve checked that it’s the correct app, click Install. After the installation is complete, launch the app on your device.

4. Register an Account 

• When you launch the app for the first time, you will be asked to choose your language. Therefore you will choose English. Then, click on Continue.

• Choose the “I’m new to branch option”.

• Then, you can choose to learn more about the app and go ahead with creating an account. Since you’re creating an account, choose “Take me to Sign in / Register”.

• Choose your country, and then pick whether to register by phone number or Facebook.

• If you select your phone number, you will be prompted to input it in the designated spot.

• A verification code will be sent to check that it is the correct phone number.

• After completing the verification procedure, you will need to create a PIN for each transaction.

• Create a PIN and click. “Get started”.

• As a the loan app user, you can now fund your wallet, borrow loans via the site, and invest in a variety of products. This application also allows users to win incentives, both real and virtual.

After registering, you can do the following things: view loan history requests, request loans, make investments, and track payback progress. To use all of the app’s functions, you have to link your BVN (Bank Verification Number) to your Branch Account.

To download on the Branch’s official website:

• Go to the Branch. co
• Please scroll down.
• On the Google Play Store, click the Download button.
• The hyperlink will take you to the download page.
• Select “Install.”

Download Branch Loan App For iPhone

The Branch lending app is now unavailable for iOS devices. The software can only be downloaded by Android users. Any website that claims to have the iOS version of the app is a scam.

As there is no branch loan app for iPhone. If you have an iPhone, make sure to check the app store frequently for any changes. It should be accessible in the app store very shortly.

Also Read – Hustler Fund Loan and How to Apply

Requirements for Using the Loan App

Users must complete several requirements before gaining access to loans using the loan app, these requirements include:

1. The Branch app on your phone is the sole way to apply for a loan and contact customer service.
2. Your information, including your first, middle, and surname.
3. Email Address
4. Phone number
5. Bank Verification Numbers (BVN)
6. Bank details
7. Face Verification
8. Permission to access data on your phone, such as messages and contacts.

Main Features of the Loan App

The branch loan app has many cool features, which makes it one of the most downloaded mobile apps for micro-loan lending on the Google Play Store.

1. Beautiful User Interface

When you want to borrow money, just use the Branch Loan mobile app. It has a user-friendly interface that ensures borrowing is quick and easy. You get cash when you are in need, not when it is available.

2. Customer Support

Moreover, you can reach customer care for any assistance or queries directly from your mobile application. The Loan app is compatible only with Android therefore, it is ideal for Android users can take loans instantly. Use the Branch loan app customer care numbers which are (833) 994-0430, (323) 300-4063, and (866) 547-2413 to contact for assistance and queries.

3. Instant Option Loans

This is the App’s best feature! You only have to obtain loans simply by applying for them at any time of your need. The instant option is available to registered users, while eligibility depends on some rules and conditions set by the platform. This feature generally attracts a maximum fee of $5 whenever featuring loan requests through this service. Presently, it is highly demanded by subscribers because they find it convenient to access these services.

4. Standard Advance

This function is free of charge for all registered users on the platform. You can use this option to request money whenever you need it. If you require an immediate loan, the instant option may be the best choice.

5. Pay Your Bills

The app allows you to pay for airtime, data, energy, and DSTV subscriptions. You can use your wallet’s available funds to make payments. Make sure your account has enough funds to cover your bills; alternatively, you can replenish your wallet from a bank account. As a bonus, you will receive 2% of the whole cash back!

6. Invest Your Funds 

You can also invest your savings via the Branch mobile app. The platform provides users with two types of investing options: fixed investments and flexible investments.

When users lock in their savings for at least thirty days, the fixed investment option pays them 20% interest per year. You can also make multiple fixed investments with varying maturity dates and receive interest on them. Users of this form of investment are unable to access their funds until the thirty-day minimum has expired.

In contrast, the Flexi investing option provides users with a reduced annual interest rate of 15%.  It is a form of flexible savings account that allows users to access their funds whenever they need them. This option also provides consumers with weekly compounded interest, which means you earn interest on your interest and savings.

Final Thoughts

Now that you’ve learned how to download the Loan mobile app for iPhone and Android, you can make use of its features. Android users will find it easy to download the App. 

All you have to do is go to Google Play Store, type in “Branch Loan App” and click on download. However, iPhone users are not able to access it from there as they cannot get it for downloading.

The app allows you to manage your account, check the progress of your loan, and stay up to speed on your bank’s offers and deals. You can seek assistance from customer care by contacting the Branch Loan App if you have any complications or queries.

Download it right away and you’ll have extra cash on hand to deal with emergencies or run your internet business.

Frequently Asked Questions

Reference

• www.pinterest.com – Download Branch Loan App – Personal Finance for Android & iPhones
• quicksub.com.ng – BRANCH LOAN APP: HOW TO APPLY, REQUIREMENTS, AND BENEFITS

Recommendations

• Detailed List of Loan Apps Approved by CBN 
• Timiza Loan App: How to Get a Loan from Timiza
• Top 10 Online Banking Apps in Nigeria 2024
• Zenka Loan App: How to get Mobile Loan in 5 Minutes
• Hustler Fund Loan and How to Apply