Branch Review
VerifiedAI-powered instant loans with increasing limits over time
₦1,000 - ₦500,000
Loan Amount
5-24%
Monthly Interest
28-364 days
Repayment Term
5-30 minutes
Approval Time
Pros & Cons
Pros
- ✓Fast loan increases for good repayers
- ✓AI-powered quick approval
- ✓Offers savings with interest
- ✓No collateral required
- ✓Flexible repayment schedules
Cons
- ✗Extensive phone data access required
- ✗High initial interest rates for new users
- ✗Limited iOS functionality
- ✗Customer service can be slow
How to Apply for Branch Loan
- 1
Download Branch app from Play Store
- 2
Register with phone number
- 3
Complete verification (BVN, bank account)
- 4
Grant required phone permissions
- 5
Request loan amount and select tenure
- 6
Review terms and accept
- 7
Receive funds instantly
User Reviews
Chidi N.Verified
Lagos
January 2025
Started at ₦3,000 limit. Now at ₦200,000 after 8 months. They reward good repayment.
Mary O.Verified
Ibadan
December 2024
Works well but they access too much phone data. Trade-off for instant loans I guess.
Uche A.Verified
Enugu
November 2024
Most reliable app for me. Always get approved. Interest dropped from 20% to 8% over time.
Frequently Asked Questions
Why does Branch need access to my phone data?
Branch uses AI to analyze phone data (call patterns, SMS, apps) to assess creditworthiness. This allows instant approvals without traditional credit checks.
How do I increase my Branch limit fast?
Repay every loan on time or early. Keep the app installed with permissions active. Maintain consistent phone usage. Avoid multiple loan apps simultaneously.
Is Branch available on iPhone?
Branch has an iOS app but with limited features. The full experience including phone data analysis works best on Android.
Can I get a Branch loan with bad credit?
Possibly. Branch uses its own AI scoring, not just traditional credit scores. But previous defaults on Branch will significantly reduce approval chances.
Quick Info
- Founded
- 2015
- Headquarters
- San Francisco, USA / Lagos, Nigeria
- CBN Licensed
- No
- Disbursement
- Instant to 24 hours
- Last Updated
- 2025-01-18
Requirements
- •Valid BVN
- •Nigerian phone number
- •Age 22-55 years
- •Android smartphone (limited iOS support)
- •Phone data access (calls, SMS, apps)
- •Bank account