Nairabox Loan App Review and Interest Rate

On this page we will review the Nairabox 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 Nairabox loan and also how to repay Nairabox loan.

Nairabox Loan App Review

Nairabox Loan App Review

Nairabox provide loans ranging from ₦10,000 to ₦300,000, with repayment periods ranging from 91 days to 365 days.

Nairabox's interest rate is the lowest among all mobile phone loan applications, with annual interest rates ranging from 28.5% to 146%.

Nigerians, who are over 20 years old and have a stable job, can apply for loans from Nairabox . You can repay within 91 to 365 days.

Is Nairabox Loan App Legit or Scam

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

Is Nairabox Loan App Safe

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

Nairabox Loan Interest Rate

Borrow NGN10,000 within 3 months

Interest (total cost of the loan): NGN3,800 (NGN10,000 * 38% = NGN3,800 interest)

Representative annual interest rate: 120%.

The total repayment amount is NGN 13,800

Three months repayment NGN 4,600

How Much Can I Borrow From Nairabox Loan App

You can borrow between 10,000 naira and 300,000 naira

Requirements To Get a Loan From Nairabox Loan App

To get a loan from Nairabox 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 Nairabox Loan App

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

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

It takes few minutes to hours depending on the amount.

How To Repay Nairabox Loan

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

Nairabox Loan Customer Care


3 Awolola St, Ojo 102101, Lagos, NIGERIA