Branch Loan Nigeria – Eligibility & How to Apply

Branch Loan Nigeria – Branch isn’t just another online loan app; it’s a comprehensive online banking solution exclusively available in Nigeria. With over 40 million downloads, Branch stands out by not only offering the convenience of instant cash loans but also by integrating money transfers, investment opportunities with attractive returns, and rewarding bill payment options with cash back.

Why Branch Loan

All-in-One Financial Platform

Branch is not just a loan app; it’s a comprehensive solution that combines loans, money transfers, bill payments, and investment opportunities all in one app. This integration means you can manage various financial needs from a single platform, simplifying your financial life.

Instant Loan Access

Branch offers instant loans ranging from ₦1,000 to ₦500,000 without the need for traditional collateral or extensive paperwork. This immediate access to funds can be crucial for urgent financial needs or opportunities.

Rewarding Transactions

Every transaction with Branch pays off. From getting 2% cash back on every bill paid through the app to enjoying free initial transactions each month, Branch ensures that using your money can also save you money.

Attractive Investment Returns

Branch provides some of the highest investment returns in Nigeria, with up to 15% per annum on fixed investments. This rate is significantly higher than typical bank savings accounts, making your money work harder for you.

Flexible and User-Friendly

The Branch app is designed to be user-friendly. Whether you’re applying for a loan, paying bills, transferring money, or investing, the processes are streamlined and user-friendly, making financial management accessible to everyone with a smartphone.


Meet the Age Requirement

Applicants must be at least 18 years old. This is the legal age for entering into contracts in Nigeria, ensuring that all financial agreements are legally binding.

Verify Your Residency

You must be a resident of Nigeria with valid proof of residency. This ensures that the financial services provided by Branch are appropriate for the local economic conditions.

Have a Valid Nigerian Bank Account

A valid bank account in Nigeria is required for the loan disbursement and the repayment process. This account must be registered in the applicant’s name.

Show Proof of Stable Income

Applicants need to demonstrate a stable source of income. This is typically verified through bank statements or pay slips, confirming the ability to repay the loan.

Access to a Smartphone with Internet

Since Branch operates through a mobile app, having a smartphone with internet access is essential. This allows you to manage your loan application and other financial transactions directly from your phone.

Interest Rates

Interest Rate Range

Branch’s interest rates on loans range from 3% to 23% per month. The rate applied to a specific loan depends on the customer’s risk profile, which includes their credit history and repayment behavior.

Annual Percentage Rate (APR)

The APR, which includes all fees and the interest rate combined, ranges from 34% to as high as 271% per annum. This wide range reflects the tailored approach Branch takes in determining rates based on individual borrower profiles.

Example of Loan Costs

For a clearer understanding, consider a loan of ₦60,000 with an APR of 181% and a tenure of 62 days. The calculation would be as follows:

  • Interest calculated: (₦60,000 * (181% / 365 days)) * 62 days = ₦18,400
  • Total amount to repay: ₦78,400, which includes the original loan amount plus the interest accrued.

These figures illustrate how the interest compounds and what the borrower would need to repay in total, providing transparency in terms of cost before one applies for a loan.

How to Apply

Download the Branch App

Begin by downloading the Branch app from the Google Play Store. Ensure your device is compatible and you have a reliable internet connection for a smooth installation process.

Create Your Account

Open the app and sign up to create your new account. You’ll need to provide some basic personal information such as your name, phone number, and email address. Complete any required verification steps to activate your account.

Complete Your Profile

Fill out your profile with additional details such as your financial data, employment status, and income. This information is crucial as it helps Branch evaluate your loan application and establish your credit limit.

Apply for a Loan

Go to the loan application area in the app. Select the loan amount you need and the repayment terms that work best for you. Review the interest rate, repayment total, and schedule before proceeding.

Submit and Manage Your Loan

Submit your application and, upon approval, the funds will be directly deposited into your Branch wallet or linked bank account. Use the app to manage your loan, track repayment schedules, and make payments conveniently.


Open the Branch App

Start by opening the Branch app on your smartphone. Ensure you are signed in to your account.

Navigate to the Repayment Section

Once in the app, go to the repayment section. This part of the app is dedicated to all matters concerning your loan repayment. It will display your outstanding balance and due dates.

Choose Your Repayment Amount

Select the amount you want to repay. You can choose to pay the total amount due, make a partial payment, or pay off the loan in full ahead of schedule.

Enter Your Payment Details

Enter your payment method details. Branch typically allows repayments via linked bank accounts, debit cards, or through mobile money, depending on the options available in your region.

Confirm and Submit Your Payment

Review all the details to ensure they are correct and then confirm your payment. Submit your payment and wait for a confirmation message or notification within the app to ensure that your payment has been processed successfully.


In conclusion, using the Branch app not only simplifies the process of obtaining a loan but also makes repayment hassle-free. With its user-friendly interface and straightforward steps for both securing and repaying loans, Branch empowers you to manage your financial obligations effectively from your smartphone. Whether you’re looking to cover an unexpected expense or manage regular payments, Branch provides a reliable and efficient service tailored to your financial needs.

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