Are you looking for a loan on an urgent basis? But you can not run to the bank and follow the long process. Despite this, what if your loan has not been approved? There is no need to worry. Today there are many mobile apps, which provide you instant loans. Here we are talking about one of the best Branch loan apps.
Through this article, we will share all the information related to eligibility for taking an instant loan from the Branch App.
What is a Branch Loan App?
Branch App is a mobile application offering a personal loan. Through this application, you can get a loan very easily. For your information, let us tell you that the Branch loan app is registered by Branch International Finance. This simply means that you can easily trust this app. This application has been downloaded by more than 10M+ people so far.
Apart from India, Branch App provides its services in many other countries of the world like Mexico, Tanzania, Kenya, and Nazriya.
The most special thing about the Branch Loan App is that this loan application is sent to your loan in your bank account in just 30 minutes. The process of taking a loan from the Branch is completely online through a mobile app.
Types of Personal Loans Branch Offer
Through the Branch app, you can avail personal loans to meet your various needs, which are as follows-
Emergency Medical Loans
Wedding/Marriage Loans
Home Renovation Loans
Education Loans
Shopping Loans
Student Loans
Vehicle Loan
Travel Loans
Branch Instant Loan App Features
Maximum Loan Amount
If you suddenly need money then with the help of a branch loan app, you can get a loan from min ₹750 to max ₹300,000. Both men and women can get loans through this app. However, the age of the applicant should not be less than 20 years to get a loan from Branch App. And if your documents are correct, then you will get the loan very easily.
Fair Loan Tenure
Whenever we take a loan from a bank, we have to return the amount taken as a loan within a specified time. If we talk about the Branch Personal Loan App, then here you get time from 60 days (2 months) to 180 days (6 months).
Per Annum Interest Rate
If we talk about the interest rate of the branch best loan app, then you have to pay at least 2 percent and a maximum of 30 percent interest per annum.
Branch App Loan Eligibility
The citizenship of the applicant should be Indian to take the loan.
An applicant’s age must be at least 21 years.
The applicant must have an Aadhaar card, PAN card, and bank account.
Your credit score should be at least 750.
How To Register On Branch App
- To take a loan from the Branch App, you must first download and install the Branch App on your phone.
- Open the app and select your language then click on Continue.
- Register or Sign Up for the Branch Loan.
- Select the country and click on Register with Phone Number.
- An OTP will come on your mobile number, and your account will be created on the Branch App.
How To Avail A Loan From Branch App
- Now you will see the loan options, click on it and click on Start Your Application.
- Allow the app permission to get some information from you.
- Select either Aadhaar or Voter ID and click on Continue. Along with this, take a selfie and submit it.
- In the next step, the Branch checks your credit history CIBIL score to avail the best loan amount.
- If you are eligible for the loan, the loan amount is transferred to your bank account within 8 to 24 hours.
Note: Keep in mind that you have to upload your documents like Aadhar Card, PAN card, or other Govt documents to avail of any personal loan because as per the RBI Guideline, Banks and NBFC (Non-Banking Finance Corporations) can not pass any amount of loan without verifying personal documents.
Branch Loan App Refer and Earn Program
Branch offers one of the best referral programs which gives its users a direct benefit of earning money from the refer and earn program.
You can earn ₹100 per friend you refer. You can refer Branch App to as many friends and family to get more rewards. By referring through your link you will receive ₹250 per referral.
Follow a simple step-by-step process for the same.
- Download an app through this link: https://branch.co/download/akshay85f
- Be sure to enter my promo code AKSHAY85F to get ₹100 in credit after repaying your first loan.
- Without entering the promo code you won’t get the benefit of the referral rewards.