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
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
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!
The current monthly interest rate is 17%. However, this may vary based on your loan amount and repayment duration.
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.
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
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.
If you miss a payment, you will be charged a late fee.
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.
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.