Branch
Loans as easy as chatting
4.1(350K+ reviews)
Founded 2015San Francisco (operates in Nigeria)Users
4M+ (globally)
Rating
4.1/5
Founded
2015
KYC
Required
About Branch
Branch is an international lending platform operating in Nigeria, offering instant personal loans through a mobile app. Using smartphone data for credit scoring, Branch provides quick access to credit for underbanked Nigerians.
Features
Instant personal loans
No collateral required
Free money transfers
Airtime purchase
Automatic credit limit increase
Flexible repayment
Fee Structure
| transfers | Free |
| maintenance | Free |
| other | Loan interest: 4-24% per month |
| Loan Rate | 4-24% per month |
Pros & Cons
Pros
- Very fast loan approval
- No paperwork needed
- Credit limit grows with good repayment
- Available in multiple African countries
Cons
- Very high interest rates
- Small initial loan amounts
- Requires access to phone data
- Aggressive collection practices
Links
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