Branch loan app is offered by Branch International. The Branch loan app is available on the Google Playstore and is accessible to all Nigerian residents and has over 10M+ downloads in addition to a 4.3/5 star rating with 300K+ reviews.

BRANCH LOAN REQUIREMENTS/ELIGIBILITY

To be able to use the Branch loan app, one needs to own an android smartphone, bank verification number (BVN) and bank account number.

Furthermore, Branch loan app requires access to your phone data in order to determine your eligibility.

BRANCH LOAN APP DOWNLOAD

  1. Download the Carbon loan app at the Google Playstore.
  2. Install and launch the Carbon loan app and begin the registration process by creating an account and filling in the required personal info
  3. Click on β€˜My Loans’  options to see your current loan offers
  4. Submit the bank account you wish to receive the loan and then click on β€œRequest this loan”
  5. Click on β€œApply” to apply for your branch loan

BRANCH LOAN AMOUNT LIMITS

Branch loan sizes range from around ₦ 1,000 to ₦ 200,000 with each branch loan increment being dependent on a variety of factors including Branch loan app repayment history.

BRANCH LOAN INTEREST RATES

The Branch loan interest rates range between 14% to 28% depending on the Branch loan amount as well as the repayment duration.

BRANCH LOAN REPAYMENT DURATION

Branch loan repayment periods range from 4 – 40 weeks

REPAY BRANCH LOAN

To make a branch loan repayment, you can use either of the below options

Debit card

  1. From ‘My Loan’, tap the round ‘Tap to Pay’ button.
  2. Select the Amount you wish to repay.
  3. After you have made your selection, tap ‘Continue’.
  4. On the ‘Select Repayment Method’ screen, select ‘Debit Card’ from the drop-down menu.
  5. Add your Debit (ATM) card details:
    1. Card Number (16 or 19-digit in front of your card)
    2. Card Expiry Date (Month and Year in which your card expires)
    3. CVV (a 3-digit number at the back of your card)
  6. After you have filled in the details, tap ‘Continue’.
  7. Choose your auto-debit setting under ‘Payment Options’ and tap ‘Continue’. Tap here to learn more about auto-debit.
  8. To secure your payment, some banks will ask for your pin or send a security code to your phone.
  9. Your payment is done. If successful, your account will be updated automatically within a few seconds.

Bank transfer

  1. From ‘My Loan’, tap the round ‘Tap to Pay’ button.
  2. Select the amount you wish to repay.
  3. After you have made your selection, tap ‘Continue’.
  4. On the ‘Select Repayment Method’ screen, select ‘Bank transfer’ from the drop-down menu.
  5. Copy your personal account number.
  6. Open your mobile banking application. Initiate a bank transfer to Providus Bank and the account number copied from the Branch app.
  7. Your payment is done. If successful, your account will be updated automatically within a few seconds.

USSD

  1. In order to repay your loan with USSD, you must have either a GTB, Sterling, UBA or Zenith bank account added to your Branch account. If you do not have one already added, simply go to the ‘My Account’ screen on your app, tap ‘Bank account’ and then tap ‘Add account’.
  2. From ‘My Loan’, tap the round ‘Tap to Pay’ button.
  3. Select or enter the amount you wish to repay, then tap ‘Continue’.
  4. On the ‘Select Repayment Method’ screen, select the USSD option and tap ‘Continue’.
  5. Confirm your repayment.
  6. You will see a screen with instructions to ‘Complete USSD Payment’. Tap the ‘Dial’ button to open your phone dialer.
  7. Press the call button in your dialler to dial your unique USSD code.
  8. Your payment is done. If successful, your account will be updated automatically within a few seconds.

Cash transfer

You can repay your loan in cash at any GT Bank branch using GTCollections and you do not need a GT Bank account to make your payment. At the bank, make a payment with the following steps:

  1. Tell the teller you would like to pay ‘Branch International Financial Serv Ltd’ using GTCollections.
  2. Fill in your personal details on the deposit slip
  3. Find your “Reference ID” in the Branch app by clicking “Tap to Pay”, selecting the amount you wish to pay, and selecting “Cash” from the “Repayment method” dropdown
  4. Add your “Reference ID” to the deposit slip

BRANCH LOAN APP PERMISSIONS

Branch loan app uses data from your phone, including your handset details and financial transaction messages to make lending decisions.

These data are a crucial part of our decision making process, and allow us to provide seamless and efficient financial services.

As a result, the Branch loan app requires access to

  • Identity- read your own contact card.
  • Contacts- read your contacts.
  • Location- approximate location (network-based) and precise location (GPS and network-based).
  • SMS- read your text messages (SMS or MMS) and receive text messages (SMS).
  • Phone- read phone status and identity.
  • Photos/Media/Files- read the contents of your USB storage and modify or delete the contents of your USB storage.
  • Storage- read the contents of your USB storage and modify or delete the contents of your USB storage.
  • Camera- take pictures and videos.
  • Wi-Fi connection information- view Wi-Fi connections.
  • Device ID & call information- read phone status and identity.
  • Receive data from Internet.
  • View network connections.
  • Full network access.
  • Run at startup.
  • Draw over other apps.
  • Control vibration.
  • Prevent device from sleeping.

BRANCH LOAN CONTACTS

Facebook: @branchnigeria

Twitter: @branch_ng

Instagram: @branch_ng