One of the lending apps in Nigeria that provides immediate loans without collateral or paperwork is the mintbag loan app.
With your smartphone, you are ready to start and don’t need to go anywhere before getting this loan. You can get a loan up to N100,000 with the mintbag loan app.
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Requirements to obtain loan from mintbag
The prerequisites listed below must be satisfied in order to apply for a loan with mintbag.
Possess a means of income
Be older than 18 years old
Get a bvn and a bank account
Get a high credit score
A Nigerian citizen
How to apply for mintbag loan
The loan app should be downloaded as a first step from the Play Store.
Sign up with your name, BVN, and other information.
You will be prompted to bind your ATM card, which could result in a cost of $30. Do so and continue.
Once registration is complete, you can login to your account.
Find the loan option on your dashboard and click it.
You can view the loan amount you are qualified for there.
Click it, then wait for the payment.
How much you can obtain from mint bag loan app
You can get a loan up to N100,000 with the mintbag lending app without providing any collateral or paperwork. Your eligible loan as a first-time borrower might not be higher than #30,000. You will not be able to obtain up to this.
Your ability to borrow more money will grow if you use the app more frequently.
Mintbag loan interest rate and repayment
The interest rate charged by Mintbag ranges from 5% to 25%, depending on the size of the loan. The length of the payback period is also influenced by the loan amount. It lasts from seven to ninety days.
Returning your mintbag loan
For loan repayment get on your dashboard.
the loan payback link
There, you can find various options for repaying your loan.
Click the one to purchase it.
When you make a payment, your dashboard will show it.
If it doesn’t, get in touch with them.
Is mintbag loan legit
Yes, mintbag loan app is legit, they will surely give you loan but they are not license by CBN nor insure by NDIC.
Conclusion
Mintbag loan app is legit they have good review on play store as at the time of writing this article which shows that they are doing something right.
They do not send defamatory message to their customer’s contact. The problem they have is that it take time before they approve application, also they are not license by CBN
If you are taking loan from this app, you should exercise caution.