Credit Loans App Review and Interest Rate

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

Credit Loans App Review

Credit Loans App Review

Credit Loans app is an instant loan app in Nigeria that lends money to Nigerians in urgent need of money.

Credit Loans like other loan apps have almost the same lending features.

What makes Credit Loans different:

You can apply a loan by your credit. Don't need any deposits or collateral.

Up to NGN100,000. Disburse to your bank account in a while
Paperless and digital process on your mobile. All the steps can be done online.

They do not share your data with any third parties without your consent. Your data is totally safe with them.

Don't worry about forgetting repayment. They will send messages to remind you.

Is Credit Loans App Legit or Scam

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

Is Credit Loans App Safe

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

Credit Loans Interest Rate

Credit Loans makes it convenient for you to get loan anytime, anywhere. Product Introduction:

Tenure: 91 days - 180 days

Loan Amount: 1,000 NGN - 100,000NGN.

Maximum APR: 14%;

Other fees: One time processing fee(per transaction). Minimum 5%, Maximum 20%

Interest calculation:

Lending amount is 10,000 NGN, APR is 14%, processing fee is 10% and the term is 91 days.

On the due date, the amount payable is 11,349 NGN (10,000 * 14% / 365 * 91 + 10,000 + 10,000* 10%)

How Much Can I Borrow From Credit Loans Loan App

You can borrow between 1000 naira to 100,000 naira.

Requirements To Get a Loan From Credit Loans App

To get a loan from Credit Loans 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 Credit Loans App

To borrow money from Credit Loans app:
  • Download Credit Loans app
  • Register with your correct details
  • Request for a loan
  • Get the loan

How Long Does It Take Credit Loans App To Give a Loan

It takes few minutes to hours depending on the amount.

How To Repay Credit Loans Loan

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

Credit Loans Customer Care

If you have any feedback, questions or concerns.