Branch Personal Loan is a short-term loan that is offered by Branch that can be used for any purpose, such as paying for unexpected expenses, consolidating debt, or making a major purchase.
Some of the key features of the Branch Personal Loan include:
● Loan amount: Up to ₦500,000
● No collateral required
● No documentation required
FAQs about Branch Personal Loan
Who is eligible for Branch Personal Loan in Nigeria?
To be eligible for a Branch Personal Loan in Nigeria, you must:
● Be a citizen of Nigeria
● Be at least 18 years old
● Have a valid mobile phone number
● Have a bank account
● Have a steady income
How much can I borrow with Branch Personal Loan in Nigeria?
The amount you can borrow with Branch Personal Loan in Nigeria will depend on your creditworthiness and income. The maximum loan amount is typically NGN 500,000.
You can check your credit score for free on nairaCompare!
What is the interest rate on Branch Personal Loan?
The current monthly interest rate is 17%. However, this may vary based on your loan amount and repayment duration.
How do I repay my Branch Personal Loan in Nigeria?
You can repay your Branch Personal Loan in instalments. The loan repayment term is between 1-12 months, but you can choose to repay it sooner.
What information do I need to provide apply for Branch Personal Loan?
To apply for the Branch Personal Loan, you will need to provide the following information:
● Your name and address
● Your date of birth
● Your national ID number
● Your phone number
● Your email address
● Your income information
● Your employment information
● Your debt information
How long does it take to get approved for Branch Personal Loan in Nigeria?
The application process is usually quick and easy. You should be able to get approved for a loan within minutes and money disbursed in 24 hours.
What happens if I miss a payment on my Branch Personal Loan in Nigeria?
If you miss a payment, you will be charged a late fee.
Here are some additional things to keep in mind if you are considering Branch Personal Loan in Nigeria:
Branch uses a variety of factors to assess your creditworthiness, including your mobile phone usage, your income, and your repayment history with Branch.
You may be denied a loan if your creditworthiness is not high enough.
If you have trouble repaying your loan, you should contact Branch as soon as possible. Branch may be able to work with you to create a repayment plan that fits your budget.
Alternatively, you can visit nairaCompare for more on loans, savings and other financial information.
How to Apply Branch Personal Loan on nairaCompare
1. Click ‘Branch Personal Loan’.
2. Read through the information on the product page to get more details about the product.
3. Click on ‘Apply’ to begin the application process.
4. Fill in your personal details.
5. Submit your application form for review and processing.
6. After successful review of your application, you will receive an email notification confirming your application.
If the bank approves your application, you will receive the money in your bank account within 24 hours.
Visit nairaCompare to know more about the Branch Personal Loan and loans available.