EchoLoan app prides itself as a Compliant and Safe Loan app through which you can have instant online access to online loan without collateral up to NGN1million as long as you have a good credit assessment.
EchoLoan is a licensed digital lending platform approved by the FCCPC, equipped with an artificial intelligence risk assessment system, providing convenient, compliant and reliable loan services to Nigerian users.
How EchoLoan works
To get started, simply download the app from play store and proceed as follows:
1. Register an account via mobile phone number.
2. Fill out your basic information, then submit the application.
3. They will evaluate and give you a credit limit.
4.After submitting the loan order, the funds will be transferred to your bank account immediately.
Eligibility For EchoLoan
1. Nigerian residents
2. Over 18 years old.
Main Features Of EchoLoan:
1. Tenure: They will require your repayment from 91 days to 365 days*.
2. Maximum credit limit: NGN1,000,000.
3. Annual interest rate: between 12%~18% per annum (APR)
For example:
4-month loan payment terms，the annual interest rate is 12%. For the loan processed with a principal amount of NGN 30,000, the total interest would be NGN 1200, the total amount due would be NGN 31,200. Monthly total repayment amount would be NGN 31,200/4=N7,800, monthly repayment interest would be NGN 1200/4=N300.
Reason Why EchoLoan May Not Give Loan
EchoLoan cannot guarantee that they can provide you with loan services 100%, which depends on the risk assessment results of different customers. They tend to be very sorry if your loan application is rejected but suggest you can try again after the specified date displayed on the APP.
Contact Details Of EchoLoan:
If you have any feedback or questions, you may contact them as soon as possible, they will serve you wholeheartedly and solve the problem.
Customer Service Email: echoloan_cs@echoloanapp.com
Customer Service Hotline: +2349046869412
Address:5 Oba Akran Ave Ikeja Lagos