With NairaNow loan app you can have loan up to the sum of NGN500,000 online, Instantly and without collateral to attend to urgent cash needs.
The information provided in this article concerning this app is based on information available from the owners of the app and in no way represents the opinion of growfinance and it’s authors.
Benefits Of NairaNow Loan
NairaNow loan has the following benefits that makes it one of the options to Consider choosing when you have need for online loan.
1.Allows you access to loan up to NGN500,000. NairaNow loan Limit range from NGN6,000 to NGN500,000.
2. Allows you Flexible repayment between 91days to 365days.
3.No collateral, no paperwork, secure and reliable.
4.No hidden fees, no rollover charge, no transaction fees.
5.Repay your loans on time to build up your credit record, unlock higher credit limit and lower interest rate.
6. Your data is safe. All data is encrypted and transmitted over a secure connection.
Features Of NairaNow Loan
Nairanow loan Product has the following main features:
1. Loan term: from 91 days to 365 days.
2. Loan Amount: from NGN 6,000 to NGN 500,000.
3. Interest Rate: from 12% to 28% APR. Their interest rate is calculated on a daily basis.
An example of Nairanow loan and Interest computation:
A loan with amount of NGN 100,000 and a total term of 91days
Received loan amount is NGN 100,000
Loan amount = NGN 100,000
Loan term = 91 days
Interest rate (APR) = 18%
Total interest = NGN 4,487.67
Total repayment amount = NGN 104,487.67
How To Use App To Apply For And Get NairaNow Loan Instantly
To get the NairaNow loan simply follow application steps below:
1. Just Download and register an account.
2.Fill out basic information, choose your preferred loan product
3.Submit loan application with input password as final confirmation.
4.Apply for loan online and get approved.
5.Get your loan disbursed into your bank account.
Condittions/ Requirements To Apply For And Get NairaNow Loan
To apply for and get NairaNow loan, the applicant must meet the following basic eligibility requirements:
1.Have a personal bank account
2. Aged 20 – 60 years old
3. Nigerian citizens
4. Have regular income
Reviews From Customers/Users Of NairaNow Loan App
Naira Now is a relatively new app and as such, while many users see the app as working fine others observe some teething issues.
For a more detailed Individual Customer reviews go to Google play store.
Contact Details of NairaNow
For more information, complaints and feedbacks, do well to contact NairaNow as follows:
1. They are available 24/7 to assist you with your request.
2. Contact them via Email: [email protected]
In conclusion, the above information about NairaNow loan app is provided to assist you when you have need for online loan to enable you weigh this against other options open to you so as to take an informed decision. We equally advise that you check up our posts on risks associated with online loans, savings and transactions.
Equally note that our website, growfinance, neither provides loans and other banking services nor promotes any app over the other but merely gives information to the public based on information available from app owners