Is Branch Loan App Legit or Scam: Here’s What To Know

Is Branch loan app legit or scam? In this article, we’re going to find out.

The branch loan app is a legitimate and trustworthy app that provides loans to users. 

Since traditional banking is still the most common way to access money, getting a loan conjures up images of sitting in traffic, visiting a bank, speaking with a customer service representative, and filling out paperwork. 

The bank will then decide whether to approve or reject your request based on your creditworthiness.

These procedures all require time, and time is money. Therefore, there is a need for a way to obtain loans without having to physically enter a banking facility, satisfy strict credit requirements, and complete paperwork.

For some, the Branch loan app is too good to be true. Is Branch legit? 

Let’s do some uncovering to learn more about the Branch loan app.

Who is the owner of the Branch loan app?

Matt Flannery is the co-founder and CEO of Branch, a fintech platform well-known for its high-yielding savings/investment feature. Matt Flannery was a computer programmer at a tech organisation in the early 2000s. He is a Skoll Awardee and Ashoka Fellow and was selected to FORTUNE magazine’s “Top 40 under 40” list in 2009.

Is the Branch app registered in Nigeria?

The branch loan app is a top personal finance app in Nigeria, offering instant loans up to N500,000 and free money transfers and bill payments.

The Branch Loan app first debuted in 2015. The app has grown tremendously over the past five years, with over 1.2 million users and over one million loans disbursed, totalling over N9 billion in Nigeria alone.

Does CBN approve the Branch loan app?

Yes, Branch Loan App is approved by CBN.

The branch is a finance company with a license from the Central Bank of Nigeria and is permitted to offer services like fund management and credit.

Does the Branch app have an office?

Yes, Branch has offices in Nairobi, Kenya; Lagos, Nigeria; Mumbai, India; and San Francisco, United States.

How safe is the Branch app?

 The Branch app is a safe and secure platform dedicated to enhancing the financial situation of millions of users through its helpful features and products.

It’s a legitimate and secure platform for loans and investments, which has received CBN approval.

The app employs top-notch data security and encryption methods to safeguard the information you share with them. 

Except for specific business needs, like reporting defaulted loans to authorised credit bureaus, Branch never discloses your information to third parties. They do not sell your data and credit profile.

How to get started on the Branch loan app

Initially introduced to the Kenyan market in 2015, the loan app relied heavily on Safaricom M-Pesa to provide loans to thousands of users.

Today, Branch has amassed over 10 million downloads on Google Playstore and has teamed up with essential players like VISA to keep providing mobile loans to its users.

To get started with the Branch loan app, you will need

  1. Smartphone
  2. A valid/active Facebook Account.
  3. Your National ID Number
  4. Your Phone Number
  5. Note: The repayment period is from 9-52 weeks. Also, the interest rate, as shown on their website, is 17%-40%

To apply for a branch loan, you must 

Step 1: Download the Branch App from the Google Play Store. Never use branch loan APKs downloaded from other websites, as they might contain viruses that compromise your phone’s security.

Download Branch loan app

Step 2: Then, choose your language. English, Hindi, or Kiswahili are available. 

select your language

Step 3: Select the “Continue” button.

click continue

Step 4: Select Take me to Sign in/Registration.

Then, select “I’m new to Branch”.

Select "I'm new to Branch"

Step 5: Choose your country from the drop-down menu. Then, choose between “Register with Phone Number” and “Register with Facebook”- preferably a phone number.

Register with phone number

Step 6:  Enter your phone number and press the Register new account button.

Step 7: Enter your BVN, take a selfie passport, and other details.

Your registration will be reviewed after you submit the form. 

After your registration has been approved, you can start applying for loans. The least loan amount that can be requested is N5,000, while the highest amount is N500,000.

The loan application procedure is quick and straightforward; after five minutes of online form filling, your loan should be prepared!


Is Branch loan app legit or scam? So far, our findings have shown that the Branch loan app is legit and not a scam.

Millions of users worldwide rely on the trusted loan and investment app. The branch loan app is one of Nigeria’s best loan, savings, and investment apps and other countries where it does business.

This is because of its simplicity, low-interest rates, free transfers, referral bonus, discounts, and security. It is one of the best banking or fintech apps available.

This brings us to the end of this article; if you have any questions, kindly leave them in the comments below.

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