credit loan app download gives you immediate cash in Nigeria without any collateral or guarantor. You are not required to visit any place with your mobile and BVN you’re ready to go.
Their loan processing is extremely quick. Within one hour after submitting an application the loan will release. You can get up 100,00 dollars in loans through the loan app
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The loan application must be approved by the credit loan app
Before you can obtain a loan through this app, you must meet certain requirements.
Have a source of income
Have at least 18 years old
Have a great credit score
You should not be in default on any loan in the past.
Reside in Nigeria
Do you have a smartphone that can download the application
How do you make an application for the credit loan app download
Go to the Play Store and download the application
Enter your name, email address as well as other details
You’ll be asked to tie your ATM card, which could result in a 30 dollars in fee. You must do this.
After registering, you will then be logged in to your dashboard
In your dashboard, locate the loan option and then click.
You will be able to see how much loan you are eligible for
Click it and then wait for the payment to be made
How much can you loan from the credit loan app
You can get up to 100,000 dollars from this loan application, however, as a first-time borrower, you are not allowed to get more than this. Your admissible loan is between 10,000 and 30,000.
As long as you continue to get loans from this app and repay the loan on time the amount you can get will increase.
Interest rate for the Wecredit loan app and repayments time
The interest for an accreditor is between 5 and 25% based on the period of repayment in addition to the sum of the loan obtained. the repayment period ranges from 6 days and 2 months. also depending on the sum of the loan.
As a first-time borrower, you’ll get a higher interest rate as well as a shorter repayment time until you prove your worth by taking out a loan and then paying it back on time.
Paying back the cash-back credit card
You can repay the loan by using an ATM credit card, or by transferring it to the bank account of the borrower. When you transfer funds, ensure that you have the correct account numbers to avoid stories that touch you.
Log in to your dashboard
Find loan repayments and click it.
You will find different ways to repay the loan
Choose one, and then pay
After you have made your payment, it will appear on your dashboard, however, If it doesn’t notify them, and inform them of the issue.
What happens If I fail to pay
If you default, you will be punished by an increase in your interest rate. However, if you decide not to pay the loan, your name BVN along with other data will be sent to credit bureaus to be listed as black which means you won’t be able to borrow another time within Nigeria.
Can credit loans be considered legitimate?
Yes, they’re legit and they offer loans to individuals within Nigeria However, they are not licensed by CBN so be careful in obtaining loans from them.
Our review of the Wecredit Loan app
We credit loan loans are legit They do offer loans. They are rated highly on Play Store but this is because of the lack of reviews.
They have around 350 reviews which is not much compared to the number of times the application is downloaded.
We can only say that you should be careful when you take loans from this app for loans. Don’t take more than what you can repay.
We aren’t sure if they are sending defamatory messages to contracts with their customers as they’re brand relatively new.
Conclusion
credit loan app download will give you an immediate loan, but make sure you take a loan that you can pay back to avoid embarrassment. Also, be aware that they’re not licensed by CBN If anything happens to you, it will require time before CBN interferes.