Branch Loan App Download – is it Legit, Approved by by CBN?

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Branch loan app

Branch Loan app offers a comprehensive suite of financial services ranging from instant cash loans to transfers, bill payments, and even investment opportunities.

With over 40 million downloads, it has established itself as a trusted online banking app in Nigeria.

In this guide, we’ll delve into the various aspects of Branch Loan, from interest rates and requirements to applying for a loan, ensuring app security, and its legitimacy.

Interest Rates and Loan Breakdown

When it comes to personal cash loans, Branch Loan offers amounts ranging from ₦1,000 to ₦500,000. The tenure for these loans spans from 62 days to 1 year, with monthly interest rates varying between 3% and 23%.

The specific interest rate depends on the risk profile of the customer. For instance, if you were to borrow ₦60,000 with an APR of 181% for a 62-day tenure, the interest amount would be calculated as follows:

Interest amount = (₦60,000 * (181% / 365)) * 62 = ₦18,400

The total loan amount disbursed remains ₦60,000, and the total amount to repay becomes ₦78,400 (₦60,000 + ₦18,400). This repayment is divided into two monthly payments of ₦39,200. It’s important to note that some customers might incur a late fee if payments are not made on time.

Branch Loan Requirements

To apply for a Branch Loan, applicants need to meet certain requirements, including:

  • Minimum age of 18 years old.
  • Bank Verification Number (BVN).
  • Proof of a reliable source of income.
  • Active bank account.

These requirements help ensure that applicants have a legitimate means of repaying the loan.

How to Apply for a Branch Loan

Applying for a Branch Loan is a straightforward process:

  1. Download and install the official Branch Loan app from trusted sources such as the Google Play Store.
  2. Open the app and follow the registration process, providing accurate personal information.
  3. Complete the required details and documentation, including your BVN and source of income.
  4. Submit your application for review.

Once your application is approved, you can access the approved loan amount directly through the app.

Is branch loan app on apple store

No, the Branch loan app is not available on the Apple Store. It is only available on the Google Play Store for Android devices.

The reason why the Branch loan app is not available on the Apple Store is because Apple has stricter policies for financial apps. Apple requires financial apps to be approved by a team of experts before they can be listed on the App Store. This is to protect users from fraud and financial scams.

Branch is still working on getting their app approved by Apple. However, there is no ETA yet on when the app will be available on the Apple Store.

How to download Branch loan app on iPhone

If you are an iPhone user and you are interested in getting a loan from Branch, you can download the Branch app from the Google Play Store and use an Android emulator to run the app on your iPhone.

However, this is not recommended, as it may not work properly and may pose security risks.

Is Branch Loan Legit?

Yes. Branch Loan legit. The company has helped millions on Nigerians with quick loans and their app has over 10 million downloads on play store. The app has over 1 million reviews with 4.5 ratings.

The branch loan app emphasizes its commitment to user data security. The app employs world-class data security and encryption techniques to safeguard user information.

It’s worth noting that Branch Loan operates under the regulation of the Central Bank of Nigeria, adding to its legitimacy and credibility.


Q. How much money can I borrow from Branch?

Ans: The amount of money you can borrow from Branch depends on your credit history and repayment ability. The minimum loan amount is N1,500 and the upper limit for a new customer is N150,000.

Q: Is the Branch Loan app approved by CBN?

Ans: Yes, Branch loan is approved by the Central Bank of Nigeria (CBN). Branch is a licensed finance company with the CBN.This means that Branch is regulated by the CBN and is required to comply with all applicable laws and regulations.

Q. What are the interest rates and fees for Branch loans?

Ans: The interest rates and fees for Branch loans vary depending on your credit history and repayment ability.

Q. How do I repay my Branch loan?

Ans: You can repay your Branch loan in installments over a period of 6 to 12 months. The repayment amount will be automatically deducted from your bank account on the due date.

Q. What happens if I don’t repay my Branch loan?

Ans: If you don’t repay your Branch loan, you may be charged late fees and your credit score may be affected. If this happens, you may not be able to access loans from banks and other financial institutions in the future.

Q: Is Branch Loan app safe to use?

Ans: Branch Loan app employs world-class data security and encryption techniques to protect user data. However, it’s essential to exercise caution and download apps only from reputable sources like official app stores to ensure your safety online.


Branch Loan provides a versatile platform for instant cash loans, transfers, bill payments, and investment opportunities. With its user-friendly app and a commitment to data security, it has gained the trust of millions of users in Nigeria.

Remember that the financial landscape can change, and it’s essential to conduct your own research before making any financial decisions. Always make informed choices to ensure your financial well-being.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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