Future Credit Loan App: How To Apply

Future Credit Loan App is a loan applications which provides quick loans for personal and business needs with no any collateral or paper work.

There is no requirement to go to any place to receive the loan on your smartphone once you’re ready to go. With this loan app , you could get up to 50,000 in a single transaction

Future Credit Loan App: How To Apply
Future Credit Loan App: How To Apply

Future Credit Loan App Requirement

There are a few requirements you have to comply with prior to obtaining a loans through this app.

Have a good credit score

Are you able to earn a living?

Have a bank account and bvn

You must be over. 18 years old

Reside in Nigeria

How do I apply to get a Future Credit Loan

The first step is to visit the Google Play Store then download the borrow application

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Enter your name, contact number, bvn, and other information

You’ll be asked to tie your ATM card, which could result in a the fee of $30, so do it and then proceed

After you have completed your registration, you will be able to login to your account.

Find your dashboard and click on the loan

You will be able to see the what amount of loans you are eligible for

Just click it and wait for the payment to be made

How much can you borrow through Future Credit Loan App

The app for loan is brand fresh, and you cannot receive more than #50,000 of loans in the past even though the time of the first time you’ve used it. You are not able to obtain more than that amount. The loan you can qualify for is around $20,000, which will increase later when you continue taking loans from the company.

Future Credit Loan App rates of interest and time to repay

Future Credit Loan App interest rates are 36% per year and 33% per month, contingent on the loan amount obtained . The period of repayment is 90 days and the end of 365 days. For first-time users, the rate of interest will be very excessive, while the repayment time are short. If you continue to use the app, your repayment times will decrease.

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Repaying your Future Credit Loan App

To pay back your loan, make sure you are on your dashboard

Click on the loan repayment button

You will be presented with a an option to defer repayment of the loan

Click on the link and pay

When you pay, it will show up on your dashboard

If not, you need to make contact with them.

What happens in the event that I fail or do not pay back

If you fail to pay you will be penalized with an increase in the rate of interest on your loan that could be as high as 2.2%. If you do not pay your name and bvn will be sent to the credit bureaus for blacklisting, which means that you won’t be able to get loans another time within Nigeria until you have paid back and have cleared your credit bureau.

Is Future Credit Loan App legit

Yes Dohcash Koan is legitimate They have provided loans to numerous individuals in Nigeria however they do not have licensed by CBN

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Our final conclusion on Future Credit Loan App

Future Credit Loan App will definitely offer you a loan, and they have an excellent review on the Play Store at the time of writing this article.

They don’t charge the processing of loans which is great. Their issue is that they’re not licensed by CBN therefore be cautious when you take a loan from them.

Conclusion

There are a lot of loan apps available in Nigeria that, with just one click of your phone you will be able to get the loan. I suggest you choose a loan you can pay back so that you can avoid the risk of being in a position to repay it.

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