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Home Loan App Download Nairaplus Loan App: How To Apply, Download App

Nairaplus Loan App: How To Apply, Download App

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NairaPlus loan app offers a credit provider in Nigeria that allows users to apply for immediate personal loans. This article discusses how to apply for the loan offered by NairaPlus and how to repay it and the interest rate as well as repayment terms and plenty more.

Nairaplus Loan App is a Simple & Secure App. It’s all you need to do is to sign up and then apply for a loan. You will get money directly into the account of your Bank account. It’s a secure option to obtain credit whenever you require it.

What is Nairaplus Loan and how does it work?

It is the NairaPlus Loan service service provider in the financial sector which provides fast and easy loans to Nigerians aged 20 and 60.

With NairaPlus you are able to apply for an online loan to cover the tiny extra cost you’d like to purchase a new motorbike, smartphone, or other household goods, etc.

  • Spend the money to fund the course of education you or your child truly desire to pursue.
  • Pay off any unexpected costs,
  • Buy airtime top-up
  • Find the additional funds to grow your business.
  • Additional money to enhance your lifestyle and fulfill your travel dreams
  • Whatever you need

NairaPlus is safe and easy to use. All you have to do is sign-up and then apply for an loan. The money will be deposited directly to an account at your banks.

It is not necessary to sign any documents or provide collateral prior to obtaining loans through the Nairaplus Loan App. It’s all you need to do is complete the necessary information completely.

As a first-time user, you will not be able to borrow more than the limit (N50,000) initially. However, as you get more loans and pay them off before or on deadline, the limit on loans will be increased.

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nairaplus loan app
Nairaplus Loan App

NairaPlus loan requirements

All loan applications submitted on Nairaplus Loan App are reviewed by NairaPlus staff prior to approval. If you aren’t able to meet the criteria the loan application will be denied.

The majority of the requirements for obtaining a loan through NairaPlus are items which you have already.

  • The phone is an Android phone (At this time of writing, NairaPlus is not available for iOS devices)
  • You must fall within the age range of 20 to 60 years old.
  • You must be a citizen and a resident of Nigeria before you can get an loan from NairaPlus
  • The applicant should also have a steady source of income
  • Your telephone number will be required to register and confirmation codes.
  • It is a Nigerian bank account from which you’ll receive your earned amount
  • The Banking Verification Number (BVN) is used to verify your identity as well as confirm that you’re not in debt to any other loan provider.

Nairaplus Loan Rates And Fees

  • Its Quick Loan App offers:
  • Loan Amount: N 2000 – N 50,000
  • The loan term is 92 days (365) days
  • Rate of interest 16% – 21 APR %
  • Service Fee: 0

Example: Let’s say the total amount of the loan is at least 2000 NGN with a loan period extends to 180 days. So, the total interest is 2000 NGN *0.00067*180 = 240 NGN.

Nairaplus Loan App Features

  • Download the NairaPlus APP
  • Create an account by entering the BVN number.
  • Secure your identity with just 3 easy steps using the application.
  • Verify your identity by using the secure systems.
  • Transfer money straight into the account of your Bank account.
  • Make your payment on time and you will be granted credit that can be as high as N 50,000.
  • Repay your loan an online bank account or alternatively, transfer it to our corporate account.
  • You can make a full payment or pay in installments anytime prior to the deadline.
  • A simple repayment plan keeps you in line with the payments

Download Nairaplus Loan App

It is possible to run the NairaPlus Mobile application straight from Google Play Store. It is a tiny size of just 12 MB, and more than 100,000 downloads. The current rating of 4.5 from more than 17,000 users

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Nairaplus Loan Sign up

When you download the app it asks permission to access information stored on your phone , including your history of SMS along with other data to verify your identity and improve your credit scores.

They are extremely sensitive to privacy and are not shared without your consent. approval.

How to get a loan on the NairaPlus app

Before you can apply for an loan from NairaPlus, the NairaPlus credit service, you need to sign up for an account.

You can do it via the mobile app. Follow the instructions below.

  • Launch the app and just wait for the welcome page to appear.
  • If you’re a brand new user, you must hit “Create Your Account”
  • Enter your bank verification number to sign up
  • Input your phone number on the next screen.
  • An authorization code is emailed to your email address. Enter the verification code to proceed.
  • Create your security code in such a way that no one is in a position to get loans without your permission
  • You will be taken to the main page.

Once you have created your account, you’ll have access to your NairaPlus homepage. From here you will be able to monitor your loans, request loans, pay back loans, and do other tasks.

To request a loan via the NairaPlus application you must follow the steps listed below.

  • Click”Obtain Loan” from the main page. Click the “Obtain Loan” button from the main page.
  • Enter the amount you would like to receive. You can earn from N2,000 to N50,000 using the NairaPlus application.
  • Set your repayment plan. You can pay off your loan in between 3 and twelve months (92 days to the end of 365 days)
  • Please provide your bank account number and then submit it.

The loan application you submit is reviewed by NairaPlus staff. Your loan is credited into your account at a bank after it has been accepted.

Is Nairaplus Loan App Legit

Below is an excerpt taken from Google Play store on users views. The comments below were scored “5star”.


Wow! Supper app is very swift and easy to access and quick cash out directly to the bank. I would recommend anyone in need of money to download the app and receive a quick loan in just 5 minutes

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Simple to use, however a tiny amount at first and subtracts charges and upfront fees from the loan, even before you receive the funds… You could be better


So far, so good. This is the best loan website at present. It takes less than two minutes you can have it disbursed and repaid. I’m not able to rate any website 5 stars but nariaplus merits it.


This is an excellent app I love it extremely fast and simple but the rate of interest is excessive and they also have a limited number of days for paying loans I suggest you look into this and make changes.


Very excellent, it’s fast, but one issue is that the price are high, so please take a look and keep it up.

Can a loan app block my BVN?

It is not possible for a loan app to block your Bank Verification Number (BVN). The BVN is a unique identification number that is assigned to every individual bank account holder in Nigeria. It is used to verify the identity of bank customers and to help prevent financial fraud. Your BVN cannot be blocked by a loan app or any other type of app.

However, if you have outstanding debts or unpaid loans, your BVN may be flagged by the Central Bank of Nigeria (CBN) as part of its credit bureau system. This can make it more difficult for you to get approved for a loan or to open a new bank account. If you are having trouble getting a loan because your BVN has been flagged, you may need to pay off any outstanding debts and resolve any other issues with your credit history in order to improve your chances of being approved for a loan.

NairaPlus Head office

NairaPlus has a headquarters in Nigeria. It is located at Lekki located in Lagos State, Nigeria.

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