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Writer What you need to know about Branch loan and digital banking

Sincerem

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Screenshot_20211022-140559.png WHAT IS BRANCH LOAN AND DIGITAL BANKING?

Branch loan and digital banking was first established as an online loan company in March 19, 2015. Later on, they expanded to serve in two capacities, which is, as a 'loan company and also as an online banking institution. Such implementation was done recently, and it happened in 2021 with the reviews I've done concerning the company.

WHAT ARE THE BENEFITS ASSOCIATED BANKING WITH BRANCH LOAN, AND DIGITAL BANKING?

Screenshot_20211022-140550.png
Their are enormous benefits surrounding your time banking with branch loan and digital banking company if you're from Nigeria specifically. You'll simply reap benefits all through banking with branch without paying a dime or incuring charges on your wallet. The benefits you'll get with branch is as follows;

* Access to branch loan app without collateral, set your own pay schedule, either weekly, monthly or in two months duration with 20% charges attached to it during repayment. To me, such charges isn't much compared to what online loan apps charge people here in Nigeria. I've come across where an online mortgage bank charged 60% interest rate for a loan of 5,000 when converted to Nigerian local currency 'Naira.

* Another benefit you'll get from branch which is enormous is, interest of 500 Naira = $0.90 monthly when you make deposits from your local bank account to your branch bank account. Remember, you need to make 10 transfers to wagger the complete bonus into your branch wallet, which you can withdraw any time.

* Branch doesn't charge fees when making any transactions using their app, all transfers, utility bills you make are simply free of charge. You'll come to ask yourself, how does Branch earn their money? You'll get to know that later in this article.

* Branch gives you additional bonus when you lock your funds via their vault section for some period of time at least a week period. You can deposit any amount and earn recurring interest in your branch vault wallet weekly, or month. Branch offers 20% interest rate for converting your funds via their vault section or investment option. Their are two terms of investment you'll do at branch which is either;
* Locking your funds for a period of one month and earn interest on it, and avoid unnecessary spending spree. Or,
* Saving your funds and withdraw any time, and earn interest weekly base on the available balance in your short term investment wallet.

HOW DOES BRANCH EARN THEIR MONEY TO COVER UP ALL THE EXPENSES THAT COMES FROM THE BENEFITS THEY OFFER THEIR CUSTOMERS?

I know you'll be wondering where all this benefits comes from, which branch loan and digital banking offer their esteem customers. Yes, branch covers their expenses through many investment plans and they are as follows;

* They charge 20% interest from the loans customers borrow from them. And that's a major income generation avenue for them.

* Branch partake in insurance, they own insurance policies that comes all liability cost in case of unforseen circumstances tomorrow around their business, they'll simply get insurance cover when they accrue unexpected losses.

* They use most of the customers funds locked in their banking institution to invest in their different channels of investments like farming, tech industry etc.

* Branch offers their shares to investors who wants to be part of them and join in their rev-share program. And such brings in huge funds for them to invest elsewhere.

Now you've learned about the benefits around branch and how they generate revenues to cover up their expenses. Are you ready to join branch and earn lots of benefits?

You can find link Here if you're interested to join branch.

If you have any questions where you failed to understand, you can simply drop your comments below.
 

Golden lady

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Interesting, but I still believe 20% interest on loans is too much. Also, a lot of the online loans apps have become to d of sending malicious messages whenever a user defaults even by a day. How is this one different?
 

btaliat

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I don't do online loan. There are more of their policies that I don't like because I see it as inhuman. I hate the way they defame customers.
 

Justin

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The highest interest rate we can earn from bank deposit in our home country us is just about 12 percent per year. However, in this post you say you can get up to 20 percent interest rate. I would like to know if this banking service accepts users from my home country.
 

Ella1003

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Ive tried their services before and i think its a good platform, they charge very little interest, give you as much as a month to pay back and do not go about tarnishing your image.
 

Bosco

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I have tried using branch loan but I do not like their services compare to other fintech apps. Their customer service is slow and poor.
 
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