Branch Loan App Download, Signup, Interest Rates, Loan Code – Is Branch Loan Legit, Approved by CBN?

Loan applications continue to close the financial inclusion gap in Nigeria, providing loans to millions of Nigerians who were previously denied by traditional banks. 

Branch, a Kenyan company with operations in Nigeria, India, and Tanzania, stands out as one of the licensed lending applications that provides quick access to finance to many Nigerians.

Branch is at the forefront of revolutionizing finance, where physical banks are replaced, paperwork is obsolete, and endless possibilities await.

For numerous individuals, Branch opens the door to a spectrum of top-notch digital banking services for the first time — instant loans, seamless money transfers, convenient bill payments, high-yield investments, and savings, all conveniently accessible in one place.

With Branch, the entire experience is 100% smartphone-based, eliminating the barriers imposed by traditional institutions and granting more customers access to funds along with the flexibility to use them anytime, anywhere.

The Branch wallet acts as the gateway to their array of digital banking services. Users can effortlessly send and receive funds from family and friends without hidden charges. Reliably pay everyday bills and revel in enticing bonuses and rewards.

In Nigeria, Branch introduces the debit card, empowering customers to make dependable payments and ATM withdrawals with zero charges.

Furthermore, Branch offers a streamlined solution for many customers to save and invest their hard-earned money. With just a few clicks, millions can securely stash their funds with Branch, enjoying some of the most competitive yields in the market. Let your money work harder for you even while you sleep.

This blog post will delve into all you need to know about branch loan app download, signup, interest rates, loan code – is branch loan legit, approved by cbn

What is Branch Loan App 

Branch Loan operates as a fintech company, delivering lending services via its mobile app. Specializing in emerging markets like Nigeria, it facilitates the provision of instant loans to users.

It provides individuals with instant access to personal loans ranging from ₦2,000 to ₦500,000. It eliminates the need for tedious paperwork and collateral, making it a convenient option for those who require quick financial assistance.

How to Download Branch Loan App and Apply for Loans

How to Download Branch Loan App:

Android: Visit the Google Play Store and search for "Branch Loan App." Click on the "Install" button and follow the on-screen instructions.

iOS: Go to the App Store and search for "Branch Loan App." Tap on "Get" and confirm your Apple ID password to download the app.

To initiate the application for a Branch Loan, follow these simple steps:

  1. Download and install the official Branch Loan app from reputable sources like the Google Play Store.
  2. Open the app and navigate through the registration process, ensuring accurate input of personal information.
  3. Fill in the necessary details and submit the required documentation, including your BVN (Bank Verification Number) and information about your income source.
  4. Submit your application for approval
  5. Upon approval, you can directly access the sanctioned loan amount through the app.

How to Signup on Branch Loan App 

  1. Open the Branch Loan App and enter your phone number.
  2. Verify your phone number with a one-time password (OTP) received via SMS.
  3. Provide your Bank Verification Number (BVN) and bank account details.
  4. Allow access to your phone data for credit score assessment.
  5. Answer a few personal questions about your employment and income.
  6. Review and accept the loan agreement.

Branch Loan App Requirements

Branch Loan App Requirements:

  1. Be at least 18 years old
  2. Have a valid Nigerian phone number and BVN
  3. Operate a bank account with any Nigerian bank
  4. Have a regular source of income

Is Branch Loan Legit, Approved by CBN? 

Yes, Branch Loan App is a legitimate and CBN-approved Microfinance Bank (MFB). It operates under a license issued by the Central Bank of Nigeria and is subject to its regulations. This means your funds are safe and your transactions are protected.


Who is the owner of the Branch Loan app?

Matt Flannery serves as the co-founder and CEO of Branch, a renowned fintech platform recognized for its high-yield savings and investment features. In the early 2000s, Matt Flannery worked as a computer programmer at a tech organization. 

Is the Branch app registered in Nigeria?

The Branch Loan app stands as a leading personal finance application in Nigeria, providing instant loans of up to N500,000 along with free money transfers and bill payments.

Introduced in 2015, the Branch Loan app has experienced significant growth over the past five years, amassing over 1.2 million users and disbursing over one million loans, totaling more than N9 billion in Nigeria alone.

Is Branch Loan app CBN approved?

Yes, the Branch Loan App is approved by the Central Bank of Nigeria (CBN). As a finance company with a CBN license, Branch is authorized to provide services like fund management and credit.

Does the Branch app have an office?

Yes, Branch maintains offices in Nairobi, Kenya; Lagos, Nigeria; Mumbai, India; and San Francisco, United States.

How safe is the Branch app?

The Branch app prioritizes safety and security, dedicated to improving the financial well-being of millions of users through its beneficial features and products. It is a legitimate and secure platform for loans and investments, having received approval from the Central Bank of Nigeria (CBN).

What are the interest rates on Branch loans? 

Interest rates on Branch loans range from 15% to 34%, depending on the loan amount and your creditworthiness.

What are the late fees? 

If you miss a loan payment, you will be charged a late fee of 1% per day, up to a maximum of 28%.

How long does it take to get a loan on Branch? 

You can receive your loan within minutes and up to 24 hours.

How can I repay my Branch loan? 

You can repay your Branch loan through the app using your bank account or debit card.


Branch Loan App might be a useful tool for people who need cash quickly. However, it is essential to use it carefully and understand the risks. Borrow only what you can afford to repay, look around for the best interest rates, and avoid taking out many loans at once. You can make the most of Branch Loan App and manage your finances successfully if you are a financially knowledgeable borrower.

Remember that borrowing should only be used as a last option. Consider other options for paying for what you need, such as saving, budgeting, or getting financial assistance from family or friends.

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