Customers in Nigeria can apply for micro and medium mobile internet loans from TigerCredit starting at N1,000 up to N100,000. The applicant’s credit score will determine the interest rate and loan term. While some debtors might receive offers below N10,000, others might receive higher offers. Your prior borrowing behaviour with other loan applications will be a major factor.
This loan application is still quite new, and it has received mixed reviews while amassing over 10,000 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.
Because they require no verification, online loans are simple to obtain, but consumers shouldn’t utilise them to support their way of life. Due to their excessively high interest rates, online loans should only be used in dire situations.
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How to Download APK and get a loan from TigerCredit loan app
- Download the TigerCredit personal Loan App exclusively available on the Google Playstore and install on your Android phone.
- Register an account with your phone number.
- Preferably the phone number connected to your BVN as a one time password will be sent to it for verification.
- Fill in your basic Know-your-customer KYC information, including your residential address, next of kin and employment details
- You will also be required to provide your Biometric verification number BVN.
- You’ll be charged N30 to bind your ATM card to your account to increase your chances and get a higher loan amount.
- A one-time password OTP will be sent to your phone to confirm your details.
- After the submission of your loan application, the software will analyze your credit score and the final result will be shown in the APP.
- The result should be displayed in less than two minutes and if you qualify for a loan, the loan amount will be disbursed into the bank account directly.
- Make sure you’re using a good phone with enough memory space as you will be required to take a clear live selfie for identity.
It can take between 7 and 12 business days for the N30 that was charged to link your ATM card to your account to be returned to your bank account.
Your BVN is connected to your credit score, so if you owe money to other creditors or have a history of late payments, your application will likely be declined.
What TigerCredit loan app can improve
It can take between 7 and 12 business days for the N30 that was charged to link your ATM card to your account to be returned to your bank account.
Your BVN is connected to your credit score, so if you owe money to other creditors or have a history of late payments, your application will likely be declined.
What other borrowers are saying about TigerCredit loan app
The Google Play Store users who wrote these reviews.
“I have been trying to pick contact but I couldn’t be able to select and I provided all permission from the App,” stated Aliyu Bahago in a letter.
“After entering my number, when I click on next, it asks me to accept to terms and conditions, but there is no box for that,” Maureen Dawodu stated.
“Bad experience with this app, entering bank details is the problem, am rating zero star,” wrote olaoluwa olakunle.
What are the requirements?
- Be a legal citizen or legal Resident of NigeriaBe at least 18 years old
- Have a valid government issued ID card.
- Your phone number must be the one connected to your BVN
- Have an active bank account
- Have a good credit score with no outstanding loans from other lenders.
- Provide details of two of your next of kins including their phone numbers
- Have a Monthly income source.Bind your ATM card to your account
Interest rate
Loan Services
Age range for eligibility is 18 to 65.
Loan duration: You have between 91 and 180 days to repay the loan.
Amount of loan: $5,000–$500,000
Interest Rate: 0.5% to 3% each month, 10% to 35% annual percentage rate, based on your credit evaluation
For instance, suppose you select a loan amount of $6,000.00 and a repayment period of 360 days.
The total interest must be paid, which is calculated as follows: 6000.00 * 0.05% * 360 = 1080; monthly interest must be paid, which is calculated as follows: 6000.00 * 0.05% * 30 = 90; monthly repayment bill including principle and interest must be paid, which is calculated as follows: 6000/12 + 90 = 590; total repayment bill including principle and interest must be paid, which is calculated as follows: 6000.00 + 1080 = 7080.
Note that this interest rate is merely an illustration; your actual interest rate will be determined by your credit score and the amount of data your smartphone can provide to the app. Keep a note of your banking SMS messages on your phone to improve your chances of receiving a larger loan.
TigerCredit loan app customer service number
- Service Hotline: 018883539 (9am – 6pm(Mon-Fri), Sat-9am-5pm)
- Customer service email: tigercreditse@outlook.com
Office: PLOT 110A, IDEJO STREET, VICTORIA ISLAND, LAGOS