Request a Loan From Branch
First, you’ll need to download the Branch app from Google Play Store (Unfortunately, there’s no Branch app for iOS users at this moment).You’ll then need to create your account. Note that you’ll need to provide details including your bank verification number (BVN).The next thing to then do is to find out the amount of money you’re eligible to receive as a loan and then apply. Tap the Loan icon from the menu option at the bottom of the home page.Select your preferred amount, fill in your personal details, phone number, and bank details and tap apply.
If your application is successful, your requested loan amount will be disbursed into your Branch wallet, and you can then transfer it into your bank account. And the repayment period for a first-time loan is usually between 2-60 days.
Repaying Your Loan
Repaying your loan is also pretty straightforward. All you need to do is;
Open up your Branch app
Tap Make a Repayment Put in the amount of money you intend to pay backSelect your preferred method of paymentClick continue.
Penalty for Loan Defaulters
Unlike other loan apps in Nigeria, If you default on your Branch loan, you do not get charged a late fee or rollover fee, however, interests on your loan will continue to increase.
