๐ณ๐ฌ Branch Loan App [2023]- How To Apply, Repay, Interest rate, Contacts.
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
- Download the Carbon loan app at the Google Playstore.
- Install and launch the Carbon loan app and begin the registration process by creating an account and filling in the required personal info
- Click on โMy Loansโย options to see your current loan offers
- Submit the bank account you wish to receive the loan and then click on โRequest this loanโ
- Click on โApplyโ to apply for your branch loan
BRANCH LOAN AMOUNT LIMITS
Branch loan sizes range from around โฆ 1,000 to โฆ 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 โ 40 weeks
REPAY BRANCH LOAN
To make a branch loan repayment, you can use either of the below options
Debit card
- From โMy Loanโ, tap the round โTap to Payโ button.
- Select the Amount you wish to repay.
- After you have made your selection, tap โContinueโ.
- On the โSelect Repayment Methodโ screen, select โDebit Cardโ from the drop-down menu.
- Add your Debit (ATM) card details:
- Card Number (16 or 19-digit in front of your card)
- Card Expiry Date (Month and Year in which your card expires)
- CVV (a 3-digit number at the back of your card)
- After you have filled in the details, tap โContinueโ.
- Choose your auto-debit setting under โPayment Optionsโ and tap โContinueโ. Tap here to learn more about auto-debit.
- To secure your payment, some banks will ask for your pin or send a security code to your phone.
- Your payment is done. If successful, your account will be updated automatically within a few seconds.
Bank transfer
- From โMy Loanโ, tap the round โTap to Payโ button.
- Select the amount you wish to repay.
- After you have made your selection, tap โContinueโ.
- On the โSelect Repayment Methodโ screen, select โBank transferโ from the drop-down menu.
- Copy your personal account number.
- Open your mobile banking application. Initiate a bank transfer to Providus Bank and the account number copied from the Branch app.
- Your payment is done. If successful, your account will be updated automatically within a few seconds.
USSD
- 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 โMy Accountโ screen on your app, tap โBank accountโ and then tap โAdd accountโ.
- From โMy Loanโ, tap the round โTap to Payโ button.
- Select or enter the amount you wish to repay, then tap โContinueโ.
- On the โSelect Repayment Methodโ screen, select the USSD option and tap โContinueโ.
- Confirm your repayment.
- You will see a screen with instructions to โComplete USSD Paymentโ. Tap the โDialโ button to open your phone dialer.
- Press the call button in your dialler to dial your unique USSD code.
- 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:
- Tell the teller you would like to pay โBranch International Financial Serv Ltdโ using GTCollections.
- Fill in your personal details on the deposit slip
- Find your โReference IDโ in the Branch app by clicking โTap to Payโ, selecting the amount you wish to pay, and selecting โCashโ from the โRepayment methodโ dropdown
- Add your โReference IDโ 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
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