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Home Loan Nice Naira Loan App Review: interest rate, is it legit, how to...

Nice Naira Loan App Review: interest rate, is it legit, how to apply

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A digital lending app from Nigeria called NiceNaira offers short-term personal loans in addition to other services. The Android-based software offers little-to-no documentation collateral-free loans starting at N3,000 up to a maximum loan sum of N50,000.

With mixed reviews, the NiceNaira lending app has so far received over 500k downloads on Google Play. It gathers data on potential customers using loan software, including phone records, banking transaction alerts, and BVN, to create credit scores for each borrower.

Make sure to keep recent bank transaction messages on your phone and avoid having any unpaid balances with other lending applications to qualify for bigger amounts.

Simply download the app from the Google Play store, enter some personal information about yourself, and the algorithm will review your data, determine your credit score, and present you with loan offers. A few hours later.

Don’t use an internet loan to support your way of life. Online loans can be helpful in emergency situations, but they can be costly with extremely high interest rates because they are unsecured and require little to no paperwork to obtain.

A requirement to obtain a the loan from Nice naira

Like any loan application You must satisfy certain requirements before you can get a credit from Nice naira These requirements are.

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Have a bank account and BVN

Have a source of income

Reside in Nigeria

Have a great credit score

You are not in default on any prior due date

You must have a smart phone to download the application

How do I apply to apply Nicenaira loan

Go to the Play Store and download the application

Register it using your name and other details.

You’ll be asked to tie your ATM card. If you think it will attract a 30 dollars in fee. You must do this, and then proceed.

After registration, you will be able to login to your dashboard

Find your dashboard and click on the loan

There is a list of the how much loan you are eligible for

Just click it and wait for the payment to be made

What amount can you get from Nice Naira Loan

Because they are only beginning you are not able to get more than $50,000 in loans from the loan apps. If you’re an initial user, the loan amount is less than that however as you continue to make use of the app, the amount you are able to borrow will grow.

Nice naira interest rate on loans and repayment term

Nice naira interest rate ranges from 5 to 25%, based on the amount received and the period of repayment. The repayment time span is 7 days to two months.

In the beginning, the interest rate could be very high and the payment time will be short. It will increase when you continue to take loans and make payments often.

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Paying back your Nice naira loan

You can repay your loan using an ATM cards or by asking the account’s number, and transfer funds to it. When you transfer funds, ensure that you have the correct account in order to prevent storey that are in touch with

Logging in to your dashboard

Find and time the loan payment

There is a the deferred method of repaying

Click on the link and make the payment

If you pay, it will be visible on your dashboard, even if they are you do not keep them.

What happens If I fail to pay.

If you fail to pay back your loan, the rate of interest will increased, or if you decide not to pay it back in full your name and details will be provided to the credit bureau to obtain a black listing.

This means that you won’t be able to obtain a loan from any other place within Nigeria until you have paid back the loan and have cleared your name with the credit bureau.

What other borrowers are saying about NiceNaira loan app

These reviews are from users on Google play store.

Ayobami Ajayi wrote, “Haven’t been able to get past the documentation stage. Always saying timeout. Even when I’ve got a really good network connection. So frustrating.”

What is wrong with your app?,” wrote Vivian Eze. has been trying since yesterday to log in so that I can pay back my debt, but to no effect. There were too many passwords, it kept saying. Please look into it because I won’t be paying any late fees.

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“The app nothing but a scam. They never accept the concluding part of the information needed and they keep sending messages that I should fill in the last part of the information of which they are not accepting please stop deceiving people and stop sending messages to my number u’re nothing but a fraud stop saying what u cannot do,” wrote Sunday Oladeinde.

Is Nice naira loan legit

Yes , they are legitimate They do provide loans to those from Nigeria however they do not have authorized by CBN therefore be cautious when dealing with them.

Our verdict on Nice naira loan

Nicenaira loan appears to be a legitimate loan application, they have an excellent review and a good average ratings on Play store The only issue I have is that they don’t have licensed by CBN however let us see what will happens to them in the coming days.

At the moment, there’s no news about their sending defamatory messages the contacts of their customers.

NiceNaira loan app customer service number

• Service Hotline: 2348034063318 (9am – 6pm(Mon-Fri), Sat-9am-5pm)
• Service Email: customerservice@nicenaira.com
• Website : http://www.nicenaira.com


A nice naira loan can give you a loan immediately in Nigeira but be aware that they’re not licensed by CBN should anything go wrong it could require time prior to CBN will intervene. You should take a loan you are sure that you can repay to avoid embarrassing yourself.

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