BorrowNow Loan App Review and Interest Rate

On this page we will review the BorrowNow loan app. We will discuss if it is legit or scam, the interest rate, the amount someone can borrow, requirements and how to apply for BorrowNow loan and also how to repay BorrowNow loan.

BorrowNow Loan App Review

BorrowNow Loan App Review

BorrowNow makes it efficient for you to access credit anytime, anywhere.

This is a simple free application that helps you locate the best lenders for quick legit guaranteed payday loans and cheap personal credit loans to get money.

Is BorrowNow Loan App Legit or Scam

BorrowNow loan app is legit and genuine. Many people have been using it to get instant loans. If you notice any irregular transaction contact BorrowNow customer service.

Is BorrowNow Loan App Safe

BorrowNow app is very safe and secured. All your information are protected, privacy is guaranteed and transactions are secured.

BorrowNow Loan Interest Rate

Loan Term:  91 - 360 days.

Interest rate:16% - 24% APR

Loan Amount:  Up to ₦  250,000

For example:

If a customer borrows ₦10,000 for 180 days (6 months), the APR is 18%

So the total Interest would be 10,000 NGN *18%*180/365 = 887 NGN.

The monthly payment would be (10,000 NGN +887 NGN )/6 = 1,962 NGN.

The total repayment amount would be 10,887 NGN.

How Much Can I Borrow From BorrowNow Loan App

You can borrow between 2000 naira to 200,000 naira

Requirements To Get a Loan From BorrowNow Loan App

To get a loan from BorrowNow app:
  • You must reside in Nigeria
  • You must have a BVN
  • You must have a source of income
  • You must be between 19 to 60 years
  • Must have a bank card

How To Apply For Loan On BorrowNow Loan App

To borrow from BorrowNow app:
  • Download BorrowNow App
  • Have good credit record.
  • Create your account by filling in several quick questions
  • Apply in seconds
  • Receive your loan straight into your account
  • Increase loan limit every time you repay on time

How Long Does It Take BorrowNow Loan App To Give a Loan

It takes few minutes to hours depending on the amount.

How To Repay BorrowNow Loan

Simply login to the BorrowNow app, go to the repayment option, choose a repayment method you are okay with to repay the loan.

One click repayment button in BorrowNow Loans App

Also remember you can also make partial payments before the due date

BorrowNow Loan Customer Care

Contact at: ologunkeji.julius.adedayo96@gmail.com