Arich Loan App Review
Arich is a Loan and Investment App. It provides simple and hassle free business loans to retailers and business owners while providing Investment opportunity to Investors.
Is Arich Loan App Legit or Scam
Arich loan app is legit and genuine. Many people have been using it to get instant loans. If you notice any irregular transaction contact Arich customer service.
Is Arich Loan App Safe
Arich app is very safe and secured. All your information are protected, privacy is guaranteed and transactions are secured.
Arich Loan Interest Rate
Monthly interest rates that range from 1% to 30% (Annual Percentage Rates (APR) from between 30% to 260%).
To give an example of how this will be calculated if you borrow NGN100,000 over 3 months.
The Interest (total cost of the loan) will be NGN30,000 (30% rate).
The loan will be repaid in three monthly installments of NGN 43,333.
This makes the total amount payable equal to NGN130,000. That is representative of a 120% APR.
How Much Can I Borrow From Arich Loan App
You can borrow between 6000 naira and 5 million naira.
Requirements To Get a Loan From Arich Loan App
To get a loan from Arich app:
- You must reside in Nigeria
- You must have a BVN
- You must have a source of income
- You must be between 22 to 55 years
How To Apply For Loan On Arich Loan App
To borrow money from Arich app:
- Download Arich loan app
- Register with your correct details
- Request for a loan
- Get the loan.
How Long Does It Take Arich Loan App To Give a Loan
It takes few minutes to hours depending on the amount.
How To Repay Arich Loan
Simply login to the Arich app, go to the repayment option, choose a repayment method you are okay with to repay the loan.
Arich Loan Customer Care
To contact Arich customer service visit the contact us option on the loan app.