If you’ve used the Branch app before, you’ll know that repayment date and interest rate are two major things that determine how convenient a loan will be for you.
Recently, Branch made some changes to their loan structure that give users a bit more flexibility when choosing their repayment date and understanding how interest is calculated.
Many users rush to collect loans without checking repayment days or calculating what they’ll actually pay back, that’s one of the biggest mistakes that leads to late repayment or default. You can also check how to calculate your loan interest for Alend loan app.
This post explains how to manage your repayment date and how to use the Branch interest rate calculator the right way before borrowing.
How Branch Calculates Interest
Branch calculates your interest automatically based on three main things:
- Loan amount and duration – the longer the duration, the higher the interest.
- Credit score and repayment history—users with good history get lower interest.
- User activity—how you use your phone and app (SMS, contacts, transaction history).
Branch interest rates usually range from 3% to 23% monthly (APR 34%–271% yearly).
This rate can go up or down depending on how consistent and reliable you’ve been with repayments.
How to Check Interest Rate Before Borrowing
Before applying, it’s best to check the interest rate so you don’t borrow blindly.
Follow these steps inside the Branch app:
- Open the Branch app and sign in.
- Tap “Loans” on the home screen.
- You’ll see your available loan offer (amount + repayment days).
- Tap the offer to expand it—you’ll see your interest rate, due date, and total repayment amount.
- If you want to test different amounts, use the slider to adjust the loan and see the new interest automatically.
That’s your personal loan calculator, it shows everything live before applying.
How to Calculate Branch Loan Interest (Manual Method)
Let’s say you borrow ₦60,000 for 62 days, and your Branch app shows an 181% APR.
Here’s how to manually calculate the interest:
Interest = ₦60,000 × (181% ÷ 365) × 62 = ₦18,400
So, your total repayment will be ₦78,400 — meaning ₦60,000 principal + ₦18,400 interest.
You can use this same formula to estimate any loan amount before applying.
How to Extend or Increase Repayment Date on Branch App
Branch does not allow users to “delay” or “extend” repayment manually like some other apps.
However, there are smart ways to manage or increase your repayment window:
- Choose a longer tenure before borrowing.
- When applying, you’ll see repayment options like 62 days, 90 days, 120 days, etc.
- Select the one that fits your income flow.
- Repay early and build trust.
- Consistent early repayment increases your future tenure automatically.
- Branch rewards loyal users with more flexible repayment days.
- Top-up loans.
- After clearing a portion of your loan, you can qualify for a top-up, which refreshes your repayment cycle.
- Avoid overdue or partial payments.
- Late repayment will reduce your next loan days instead of increasing them.
Branch Loan Calculator Example (2025)
| Loan Amount | Duration | Interest Rate | Total Repayment |
|---|---|---|---|
| ₦10,000 | 62 days | 14% | ₦11,400 |
| ₦30,000 | 90 days | 17% | ₦35,100 |
| ₦60,000 | 120 days | 21% | ₦72,600 |
| ₦100,000 | 180 days | 23% | ₦123,000 |
Note: Interest rates may change depending on your repayment behavior and credit rating.
How to Reduce Branch Loan Interest Rate
Many people complain about high Branch interest rates, but it’s actually something you can reduce over time.
Here’s how:
- Repay early or on time.
- Keep app active – don’t uninstall it.
- Avoid borrowing and defaulting on other apps.
- Use the app for transfers or bill payments – it improves your internal trust score.
- Maintain steady income inflow to your linked bank account.
After a few successful repayments, your loan interest will drop automatically, and your loan amount and repayment window will increase.
Common Questions
Q1. Can I change my repayment date after collecting a loan?
Not manually. You can only choose it when applying. Once loan is approved, date is fixed.
Q2. What happens if I pay before my due date?
Branch will mark your loan as completed, and it improves your credit score for the next offer.
Q3. Can I borrow again immediately after repayment?
Yes, once the app updates your payment status, you can reapply immediately.
Q4. Why does my interest keep increasing?
Because of late repayment, low app activity, or a poor credit history.
Q5. How can I see my next repayment date?
Go to Loans → Active Loan → Repayment Schedule.
Conclusion
Understanding how your loan works before borrowing is the best way to avoid unnecessary debt.
The Branch app gives users full transparency, from interest rates to repayment dates, so you can plan your borrowing smartly.
Always check your loan calculator before applying, choose a repayment plan that matches your cash flow, and repay early whenever possible.
