The Branch app is a fintech application that aims to provide a range of financial services, especially
quick loans to millions of mobile users. Founded in November 2015, this international company currently operates in four countries: the USA, Nigeria, India, and Kenya. All you need to do to access an instant loan from the platform is to download Branch loan app from Google Play Store at the comfort of your home.
Among the various products and services offered by Branch, the loan aspect is the most popular. By leveraging machine learning technology, the company assesses the creditworthiness of its customers and determines their eligibility and loan amounts to be approved.
In addition to loans, the Branch app offers investment opportunities with a 20% return on investment (ROI). Users can choose between Flexi or Fixed investment plans. The app also provides free bank transfers and enables users to make bill payments for airtime, data, electricity, and cable TV.
Unique Features of The Branch Loan App
- Loan: Access quick and fast soft loans through the app.
- Invest: Choose between Flexi or Fixed investment plans with a 20% ROI.
- Free Bank Transfer: Transfer funds to any bank in Nigeria without any charges.
- Pay Bills: Conveniently pay for airtime, data, electricity, and cable TV.
- Request for Money: Easily request payment from individuals or businesses.
- Very easy and seamless to Download Branch loan app from Google Play Store
How Does The Branch App Work?
- Download branch loan app and Sign Up: Install the app from the Google Play Store and create an account. Verification requires your BVN (Bank Verification Number).
- Branch Legitimacy and Safety: The Branch app is licensed by the Central Bank of Nigeria (CBN) and operates internationally. It has been featured in reputable publications such as WCJ and Bloomberg. The app ensures data encryption and employs security measures to safeguard users’ funds and information.
Branch App Referral Promo Bonus
- Sign Up Bonus: After signing up on the Branch app, make a first deposit using a debit card or bank transfer to receive a 650 Naira referral promo bonus. Enter the promotion code IKUSER98161 during the deposit process.
- Referral Code Usage: If the promotion code does not appear during the deposit, access the Invite tab and enter the code manually.
Is Branch App Legit?
Yes! Branch loan app is legit. The Branch app has established itself as a legitimate and reputable fintech platform, offering a range of financial services to millions of mobile users. Founded in November 2015, the app is licensed by the Central Bank of Nigeria (CBN) and operates internationally, currently serving customers in four countries: the USA, Nigeria, India, and Kenya. The company has been featured in respected publications such as WCJ and Bloomberg, further validating its credibility.
With a strong emphasis on user safety and data encryption, the Branch app employs robust security measures to ensure the protection of users’ funds and personal information. Its track record of providing quick and hassle-free loans, attractive investment opportunities with a 20% return on investment, free bank transfers, and convenient bill payment options further solidify its legitimacy. Users can confidently engage with the Branch app, knowing that all financial transactions and investments are in safe hands.
Branch App Loan Review
- Quick and Fast Loans: The Branch app provides soft loans, and the maximum loan amount you qualify for will be displayed. Users can adjust the loan amount if desired.
- Loan Terms: Branch offers loans ranging from 2,000 to 500,000 Naira with a monthly interest rate of 1.5%-20%. The loan term can range from 4 to 52 weeks. Paying loans on time increases creditworthiness and improves chances for larger loan amounts in the future.
Branch App Investment Review
- 20% ROI on Investments: The Branch app offers a 20% return on investments, surpassing similar platforms like Reaprite and Piggyvest.
- Flexi Investment: Allows users to save their money at a 20% interest rate while providing flexibility for withdrawals.
- Fixed Investment: Users can lock their funds for a minimum of 30 days to a year at a 20% per annum interest rate.
Free Bank Transfers and Deposits
- Free Transfers: The Branch app enables free transfers to any bank in Nigeria.
- No Deposit Fees: Depositing funds via debit card or bank transfer incurs no charges. The stamp duty charge does not affect funds in the Branch app.
Airtime, Data, and Bills Payment
- Airtime and Data: Users can purchase airtime and data plans from various network providers, such as MTN, GLO, AIRTEL, 9 MOBILE, and SMILE. Buying a minimum of 200 Naira worth of airtime or data offers a 5% cashback bonus.
- Bills Payment: The Branch app allows payment for prepaid electricity from multiple distribution companies (Discos) and subscriptions to cable TV services such as DSTV. Paying bills through the app grants a 5% cashback bonus.
Branch Referral Bonus and Rewards
- Referral Bonus: New customers can receive a 650 Naira bonus by following the referral bonus steps mentioned above. Existing customers can also refer friends to earn referral bonuses.
- Branch Reward: The Branch app rewards customers with cashback for transactions such as airtime and data purchase (minimum of 200 Naira), electricity and cable TV subscription, and weekly deposits of 300 Naira or more.
Using Branch Request Payment to Receive Funds
The Branch app allows individuals or businesses to request a specific amount from others. Open the app, tap on Wallet, select Request Payment, fill in the amount and additional details if needed, and share the generated link or account details.
Investing in Branch App for a 20% ROI
Open the Branch app, tap on the Invest tab, choose between Flexi or Fixed investment, enter the investment amount, select the funding account (Branch Wallet or Debit Card), and confirm the transaction.
What Are The Benefits of Branch App?
After you download branch loan app into your phone and register, you are set to enjoy the following benefits:
- Free Bank Transfers: Users can transfer money to other banks at no cost.
- Easy Loan Access: Applying for loans through the app is quick and hassle-free.
- 20% Interest on Investments: Both Flexi and Fixed investments offer a 20% interest rate, with interest paid weekly.
- No Deposit Fees: Depositing funds using a debit card or bank transfer does not incur any fees.
- Cashback Bonuses: Users receive a 5% cashback bonus for airtime, data, electricity, and cable TV payments.
- Bonus on Fixed Investment: Customers can receive a one-time bonus of up to 5000 Naira for a Fixed investment of 5000 Naira or more for a year.
What Are The Limitations of Branch App
- No Debit Card: The Branch app does not currently provide physical or virtual debit cards.
- Transaction Limits: The maximum amount for each transaction, including deposits and withdrawals, is 100,000 Naira. For higher amounts, multiple transactions are required. If someone sends more than 100,000 Naira, it will be automatically forwarded to the user’s linked bank account.
- Wallet Balance Limit: The highest amount that can be held in the Branch wallet is 500,000 Naira.
How To Download Branch Loan App
With over 40 million downloads across Africa and India, Branch is one of the most popular finance apps in the world. At Branch, we’re building a new frontier of finance — where banks aren’t physical, paperwork is obsolete, and possibility is the end game.
With Branch, everything is 100% smartphone based. The platform bypasses the hurdles imposed by traditional banks and provide more customers access to quick loan and the freedom to use it whenever and wherever they choose.
You can only use your Android phone to download the Branch loan app from the Google Play store. It is important to note that the Branch app is only available on Android. It’s not available on iPhone. So whatever Branch loan app APK you see on the internet is probably fake and likely ransomware of some sort.
To download Branch loan app, do the following:
- First download the branch loan app for Android from the Google Play Store using your smartphone.
- After downloading the app, you can set up a branch account by filling in the required information so you can start accessing loans from Branch.
- Once your Branch account is set up, you can now apply for a Branch loan.
How To Apply for a loan from Branch Loan App
To apply for a loan after you might have downloaded the branch loan app, do the following:
- Open the Branch Loan app on your device and click the icon in the top left corner.
- Then click ‘My Loans’ options to see your current loan offers
- If the loan offer meets your need, click on the button containing your loan amount.
- Submit the bank account you wish to receive the loan
- Then click on “Request this loan”
- Click on “Apply” to apply for your branch loan
- You should receive your loan in a few minutes.
What are the Interest Rates and Fees for Branch Loan App?
The Interest rates on Branch loans are determined by a number of factors, including your repayment history and the cost of lending to the company. This loan app also uses the information on your mobile phone to determine if you’re eligible for a loan.
Branch loan app is known for fast and emergency loans with monthly interest between 2.5% to 20% and APR of 18% to 260%. Branch do not charge late fees or rollover fees, nor put restrictions on how you spend your money. Depending on the loan amount you select, monthly repayment options typically average 30 to 60 days.
How can I contact Branch customer care?
You can get in touch with Branch customer care through various channels:
- Facebook: Visit https://www.facebook.com/branchnigeria
- Twitter: Follow https://www.twitter.com/branch_ng
- Instagram: Connect with https://www.instagram.com/branch_ng
- Email: Reach out to nigeria@branch.co
FAQs
Who are the founders of the Branch app?
The Branch loan app was co-founded by Matt Flannery and Daniel Jung.
Is the Branch app a safe and good option for investments?
Yes, After you download Branch loan app, you can use it as a reliable platform for both savings and investments, offering a 20% annual interest rate. It provides a secure environment, ensuring the safety of your funds.
What is the interest rate for loans on the Branch app?
The Branch app offers loans with interest rates ranging from 1.5% to 20% per month. The repayment period varies between 4 to 52 weeks, depending on the loan amount.
How can I withdraw money from my Branch wallet?
To withdraw funds from your Branch wallet, open the app and navigate to the Wallet section. From there, select the Free Transfer option and choose whether to transfer the funds to your default bank account or to another account of your choice.
Conclusion
Users can easily download branch loan app and sign up to start using the financial and loan services offered by the platform. Branch is licensed by the Central Bank of Nigeria (CBN) and ensures the safety of funds and user information through encryption and security measures. The Branch app also offers referral promo bonuses, quick loan access, flexible investment options, free bank transfers and deposits, airtime and bill payments, as well as rewards for transactions. However, it has limitations such as the absence of debit cards and transaction and wallet balance limits.
