Instant Loans: The Ultimate Guide to a ₦150,000 Instant Loan on Branch App
Are you looking for ₦150,000 cash to start your dream business in Nigeria? Branch Loan Scheme Can Help.
It is no news that the country is experiencing a downward economic trend, so starting a small business will help you survive the hardship.
Even if you don’t have the capital, here’s some exciting news for you.
Branch can offer qualified applicants up to ₦150,000.
That’s right, with Branch, you can turn your business idea into reality.
Requirements to Apply for Loan on Branch
- Be a Nigerian resident.
- Have a valid ID card.
- Own a smartphone with an active Nigerian phone number.
- Have a regular source of income (for some loan amounts).
How to Apply for Loan on Branch
- Download the Branch Mobile App
- Create an account and complete your profile.
- Select your desired loan amount ( ₦20,000 – ₦150,000) and repayment term.
- Branch will assess your eligibility and provide a loan decision within minutes.
If approved, receive your funds directly into your mobile wallet.
Branch Loan Interest Rate and Repayment Policies
Branch offers competitive interest rates that vary depending on your loan amount and creditworthiness.
Here’s an example to give you an idea:
Loan Amount: ₦50,000
Repayment Term: 6 Months
Interest Rate: 15% (This is an example, your actual rate may differ)
Total Repayment: Approximately ₦57,500 (This is an estimate, actual amount may vary slightly)
Small Businesses to Start with ₦150,000 Branch Loan
- Mobile Food Vendor: This is a popular and profitable option in Nigeria.
With ₦150,000, you can secure a cart, initial ingredients, and basic equipment.
- Phone Repair Shop: The demand for phone repairs is ever-growing.
Invest in the necessary tools and spare parts, and you’ll be well on your way.
- Braid Stylist: With a portable styling station and some marketing, you can turn your braiding skills into a thriving business.
- Cleaning Service: People are always looking for reliable cleaning services.
Get the essential cleaning supplies and market your services effectively.