Branch Loan App Review: Nowadays, it’s simple for people to apply for loans using their smartphones, however, certain applications on the market might trick and defraud you. You should read reviews and information about any loan application before downloading one.
Techy Loan is a trusted platform that gives you well-researched reviews of websites and apps.
In today’s post, I am going to give you a review of the Branch Loan Application. If you are also looking for such an application that can provide you with instant loans, then you must have heard the name of the Branch Digital Bank & Loans.
So let us know the branch loan app service, interest rate, eligibility criteria, customer service, and most importantly, whether is it safe or not.
Contents
What is Branch – Digital Bank & Loans?
Branch Loan App is a microfinance bank that provides you instant personal loan without any physical documents. Branch – Digital Bank & Loans is operated by Branch International Financial Services Limited and also Approved by RBI an NBFC company.
You can use the Branch app to obtain a personal loan from any city in India, with amounts ranging from Rs 500 to Rs 300,000.
One unique feature of this app is that the top ten global investors, including VISA, Formation 8, Foundation Capital, IFC, CEFI, a16z, Khosla Ventures, Trinity Ventures, Triple Point Capital, and Victory Park Capital, have all made investments in it.
Branch Loan Eligibility Criteria
Friends, to take a loan from a branch application, you will have to follow these eligibility criteria.
| Minimum age | 18 Years |
| Maximum age | 58 years |
| Nationality | Not Required |
| Cibil Score | 750 above |
| Who get Loan | Salaried, Self Employed, Student, House Wife |
Branch Loan Required Documents
You need all of these documents in order to apply for a loan through a branch Application.
- Aadhar Card
- Pan Card
- Email Id
- Salary Slip
- Mobile Number
- Bank Account Details
- 3 Months Bank A/c Statement
Branch Loan App Repayment Process
Let’s See an Example: Friends, suppose you have taken a loan of ₹ 10,000 from a Branch loan application. The branch claims that it will be charged to you after one month or after 1year according to your loan period.
Friends, if you have taken a loan of ₹ 10000 for 62 days, then you will have to pay a total repayment of ₹ 13260.
Example: Borrow 10,000 at APR of 196% (per annum) with a tenure of 62 days
Interest = Ksh. 10000* 196%/ 365 *62 = Ksh. 3260
- The total amount disbursed will be 10,000
- The total amount to repay will be 13260 (10000 + 3260)
Branch Loan App Details
| Application Name | Branch – Digital Bank & Loans |
| Who launched | Branch International Financial Services Limited |
| Loan Amount | ₹500rs to ₹3 Lakh |
| Monthly interest | 2% to 18% |
| Loan Tenure | 62 days to 365 Days |
| Launched Year | 2015 |
| Application size | 16 MB approx |
| Total downloads | 10M Install |
| Rating on Play Store | 4.4 [ 1 Millon Review ] |
| Real or Fake | Real and Safe |
| Website | branchapp.in |
| NBFC Registered | Yes |
| RBI Approved | Yes |
Friends, all these details show that this app is completely Legitimate and Safe. Therefore my opinion is that you should take a loan from this application.
Branch App Customer Care Number
| Customer Care Number | +91 9324925330 |
| Customer Email ID | india@branch.co |
| Mobile App Name | Branch-Digital Bank & Loans? |
| Official Website | https://branchapp.in/ |
| Branch App Office Address | WeWork BKC, C-20, G Block Road, G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051 |
Branch loan App is Safe Or Not?
Friends, according to our research, the branch application is 100% safe and legitimate. It does not sell your personal information to any other vendor, and 128-bit SSL encryption ensures that all transactions are protected.
The branch is an International Microfinance Bank and this company is registered by RBI and is an NBFC company. It strictly follows the rules made by RBI and Play Store.
Branch Loan App Review India
Branch Loan App Review
Summary
Branch is one of the best applications that gives you instant personal loans at low interest. According to me, this application is legit and you can apply for loan from this application. The branch application is registered by RBI and its customer support is also quite good.
Branch Loan App Review Complaints
Branch Loan App Review: Friend, a complaint against the Branch app was filed by Umesh Kumar on October 8, 2023.
Umesh Kumar claims that he downloaded the branch loan application from the Play Store, completed his paperwork, and obtained a ₹ 1500 loan using the app. However, he delayed the loan’s repayment for ten days for an unspecified personal reason.
He is currently being heavily harassed and pressured over his loan debt by a branch App employee.
| Name of Complainant | Umesh kumar |
| Date of Complaint | October 8, 2023 |
| Name(s) of companies complained against | Branch loan app |
| Category of complaint | Internet Services |
| Permanent link of complaint | Right click to copy link |
Watch My Complete Review
Conclusion
Branch Loan App Review: Friends, if you have read this post till now then you must have understood that the Branch App is Safe and Legit.
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