Newlending is a loan APP that provides services for customers to solve financial difficulties enabling them to get up to NGN50,000 to attend to emergency personal or business issues.
So, if you are faced with Urgent need for funds, no need to worry as Newlending is there to assist you.
The information provided in this article concerning this app is based on information available from the owners of the app.
Newlending is an unsecured loan app designed to quickly and easily solve problems for customers when they have financial difficulties
Newlending provides you with an instant online loan service without any mortgage.
Features Of Newlending Loan
Listed below are the main features of Newlending Loan:
1 Loan Amount: 1,000 ~ 50,000
2. Loan Term: the shortest is 100 days, the longest is 360 days
3. Loan interest:The interest rate is from 10% to 26% per annum.
4. Maximum Annual interest Rate（APR）: 26%
5. Service charge: 0%.
For example:
If you apply for a loan of 10,000, the term is 180 days and the annual interest rate is 25.55%.
So the daily interest rate=25.55%/365=0.07%, the interest for 180 days =1,0000×0.07%x180= 1260, the totally repayment=10,000+1260= 11,260
Steps To Getting Newlending Loan：
To get Newlending loan, simply follow the steps below:
1. Download the App from Google Store
2. Register an account
3. Bind the bank card or mobile wallet
4. Select product input
5. Waiting for disbursement
Newlending Loan – Feedbacks From Customers
Many customers of Newlending loan who have used the service comment that it is good and worked well for them.
Some customers of Newlending loan complain of waiting for weeks to get their loans approved. The loan requests continued to show ‘under review”. Others complain of difficulty in getting their cards authorised.
Contact Details Of Newlending:
In case you have need to complain or get further information concerning Newlending loan, feel free to contact Newlending loan customer service using the details below:
Customer Service Email: [email protected]
In conclusion, the above information about Newlending 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