Do you have Urgent need for cash to take care of important personal and business needs? Then no need to worry as Loan Mate allows you access to funds up to NGN500,000 Instantly without Collateral and completely online
The information provided in this article concerning this loan app is based on information available from the owners of the app.
Loan Mate is a credit limit and instant personal loan application in Nigeria. You can borrow money whenever you need it, but within the specified credit limit. You have the option to utilize a portion or the entire credit limit and adjust the loan amount according to your needs. It offers flexible repayment terms, allowing borrowers to repay according to the agreed-upon repayment plan. Additionally, the interest is calculated based on the actual amount utilized by the borrower.
How Legitimate I Loan Mate App
The Federal competition and consumer protection commission (FCCPC) is a Nigerian Federal Government Commission aimed at protecting consumers including loan product consumets from unfair business practices. FCCPC as part of it’s mandates has approved some loan apps including this app. follow this link to access the full list in the FCCPC website
Features Of Loan Mate Online loan
Below are some of the main features of Loan mate online loan regarding loan amount and interest:
1.The loan amount ranges from NGN 8,000 to NGN 600,000.
2. Loan term: 91 – 180 days
3. Interest rate: The maximum APR is 36% per year, or 0.08 percent per day.
Representative loan example:
Borrow ₦30,000 with a repayment period of 120 days
=> The total interest must be paid: ₦30,000 * 0.08 percent * 120 = ₦2,880
=> The total repayment bill including principal and interest is: ₦30,000 +₦2,880= ₦32,880
Steps to get your Loan Mate Online loan:
Listed below are the steps to get your Loan Mate Online Loan:
1. Install the App.
2. Register and fill out basic information.
3. Apply loan online and easy to get approved.
Requirements For Getting Loan Mate Online Loan
To qualify to apply for Loan Mate Online Loan, you must meet the following conditions:
1. You must be Aged between: 18 and 60 years old.
2. Nigerian Citizen
Benefits Of Loan mate online Loan
In addition to the easy loan processing service you get, Loan Mate also offers the benefits below:
1. Claim offers/deals available in the app and save every time you spend.
2. All Loan Mate financial services are secure and backed with the trust of bank, so you can transact and invest worry-free on the Loan mate.
3. Loan mate ensures safety via standard security and privacy standards to protect its database. Loan Mate app is safe and secure and they do not share customer information with third parties without consent.
Loan Mate Online Loan – Feedbacks From Customers
Many customers of Loan Mate who have used their loan service comment that it is good and seamless, and are happy.
Some customers of Loan Mate however complain that their loan applications were rejected which could have happened because Loan Mate saw them as unqualified after analyzing the information provided in their applications.
For more detailed information on Feedbacks/Reviews from Customers of Loan mate click this link to Google play store to see the individual feedbacks/reviews
Contact Details Of Loan Mate
Email :[email protected]
Address: Ojuelegba Rd, Yaba 101241, Lagos, Nigeria
In conclusion, the above information about Loan Mate online loan app is provided to assist you when you have need for loan to enable you weigh this against other options open to you so as to take an informed decision.
Equally note that our website, growfinance, neither gives loans nor promotes any loan app over the other but merely gives information to the public based on information available from app owners
For updates on the new loan apps and other grow finance articles join our group by Clicking this link
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