Link credit loan app can provide you with a loan instantaneously in Nigeria without any collateral or paper documents using only your phone and BVN. You’re good to go.
The loan processing process is quick once you have been successful and your account is credited. With the Link credit loan app, you could get as much as $100,000 at a time.
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The link credit loan application process is a requirement.
Similar to the other loan applications available, you must comply with the Link credit requirements before you can get a loan they offer. These requirements are
Have a bank account and bin
Have a source of income
You must be a Nigerian and live in Nigeria
Have a good credit score
You should not be in default on any loan before
A smartphone that allows you to download the loan application
How do I make an application for a Link credit loan application
First, head to the play store and download the application.
Name and other information
You will be asked to sign your BVN Do this and continue
After registration, you will be logged into your dashboard
Find your dashboard and click on the loan
You will also see how much loan you are qualified for.
Click on the loan, and then patiently wait for disbursement
If everything is in order, you should get credit alerts within one hour.
How much can you loan through the Link credit loan app? Link Credit Loan app
Through the Linkcredit application, you can get up to $100,000 in a single go, but as a new user, you may not be able the amount, however as you continue to utilize the app, the amount you can get will grow.
Link credit loan rate of interest and the repayment time
Link credit’s interest rate ranges between 5% and 20%, based on the sum of the loan obtained and the period of repayment. The repayment time ranges from 7 days to three months.
When you first start using the app, the interest rate you pay will be higher and the repayment time is likely to be very short, but it will get better as you use the application.
Paying back the Link credit loan
You can pay back your loan using an ATM card, or request the account number and then make a transfer.
Make sure you have the correct account number so that you don’t get any story that might affect you.
What happens in the event of a default
If you do not pay your loan, you’ll be penalized with a rise in your interest rate. typically at 2%. If you don’t pay back your loan, your name, as well as BVN will be sent to credit bureaus for blacklisting, meaning you won’t be eligible to borrow for the next time in Nigeria until you pay off your balance.
Do Link credit loans have a legal status?
The loan application is legitimate and they have granted loans to a lot of people in Nigeria however they do not have authorization from the CBN so be careful in obtaining a loan from them.
Our review of the app for credit loans that link to
Link credit loan app provides loans to individuals who aren’t licensed by CBN. They have positive reviews and good ratings on Playstore, which proves that they’re legitimate but because they’re still in the beginning stages, we don’t know what the future holds for them shortly.
Conclusion
Link credit loan application will provide instant loans, however, beware that they’re not licensed by CBM so if any issue occurs, it could require the time to allow CBN to intervene.