Requirements
Branch is one of the easiest online lenders in Nigeria, all you are required to qualify for a loan offer is your mobile phone, valid bank accounts, and BVN, it is a no collateral loan, so you need not bother, more like it is you will be required to fill a lengthy form at first registration.

Your loan offer will be determined by Branch using the information on your mobile phone and use this to determine your credit score. So to get a loan from Branch, you need to maintain a good credit score and only put up your applications with your own legal details and not of others.

How to apply
To apply for branch loan, follow the steps below, however, you will need to first have a branch account, this you can get by downloading the branch app on Google Play Store and filling the onscreen information carefully using this as referral code "itogho15e3b" without the qoute so that you can earn #500 too. Earn ₦ 500 and get a fast, affordable loan with Branch! Get the Branch app: https://branch.co/download/itogho15e3b. Be sure to enter my promo code itogho15e3b to get ₦ 500 in credit after repaying your first loan.

Once you have a Branch account, you can now proceed to apply for a loan, follow these simple steps:

First, open the Branch loan app on your phone
Click the icon on the top left corner of the phone and click on ‘My Loans’ to see your loan offers
Branch will then show you your loan offer based on your credit score,
Once the loan offer is satisfactory, click on the bubble containing your loan amount
You will be required to submit the bank account you wish to receive the loan
Now click on “Request this loan”
Click on “Apply” to apply for your branch loan
You will receive your loan in a few minutes
How much you can get
Branch gives loan from ₦ 1,000 to ₦ 200,000. prompt repayment of loan will open up offers for higher loan.

Interest Rate
The Branch loan interest rate is determined by a lot of factors such as, credit score and repayment history, but generally, your loan term is usually 4 Weeks – 15 Months and with 14% – 28%.

Below is a table showing the details of how your branch loan Interest rat is being calculated:

Loan Terms: 4 Weeks – 15 Months
• Late / Rollover Fees: None
• Interest Range: 14% – 28%
• Equivalent Monthly Interest: 1% – 21%
• Equivalent APR: 15% – 26%
Repayment
You can settle your loan using different methods available, You can repay using ATM debit card or cash. GT Bank users have the option to pay via USSD in-app.

To pay back your loan, visit the top left corner inside the app and click on “My loan.” click on “Tap to Pay” button. Pick the amount you want to pay and tap on continue.

On the next screen, tap on choose your ‘Repayment Method’ and follow the onscreen instructions on how to pay

Repayment By Cash

To repay your Branch loan app, walk into any GTBank close to you, pick up a deposit slip and fill according to the below information.

Account name – BRANCH INC

Depositor’s Name – Legal name used to register bank account and branch loan account

Depositor’s phone number- Should be phone number you used to register bank account and branch loan account

Amount – fill in the amount you want to pay.

Please mind the fact that, if you are repaying your loan using cash, you don’t need to have an account number, and the bank will require you to pay a service charge of N100.

Collect a signed and stamped copy of your receipt for reference purpose.

You can as well set up the auto-debit feature in your loan app, which means that you are authorizing branch to automatically debit or repay your loan from the balance off your bank account when it is due.