NowCredit is an application that allows you to apply for loans online. With this app, you can get up to NGN200,000 instant online loan without Collateral to attend to urgent financial needs.
The information provided in this article concerning this NowCredit 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.
NowCredit is an application that allows you to apply for loans online, with security, speed and no hidden fees.
Legitimacy of NowCredit 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. Follow this link to access the full list in the FCCPC website to confirm directly.
How To Apply For And Get NowCredit loan Instantly
Simply follow the steps below:
1. Download loan app.
2. Create an account.
3. Submit basic information.
4. Binding your account to receive loan, such as Opay, Palmpay, FairMoney or Branch or other bank account.
5. Submit your loan for approval.
6. Receive the approved loan amount within 10 minutes after approval.
Features Of NowCredit Loan
The following are the main features of NowCredit Loan:
1. Loan Limit: 10000 Naira ~ 200000 Naira
2. Loan Days: 91 days ~ 365days
3 Interest rate: APR: 12% to 30%
If the loan amount is 10000 Naira, the term is 12 months. the total interest rate is 18%.
Total interest for 12 months: 10000 x 18% = 1800 Naira
Monthly interest cost: 1800/12 = 150 Naira
Total payment: 10,000 + 1800 = 11,800 Naira
Monthly payment amount: (10000 + 1800)/12 = 984 Naira
4. Paying your bills on time and building a good credit history will help you to get a higher credit limit
Reviews From Customers Of NowCredit
Many customers of NowCredit who have used the loan app to access loan coment that the app is good and works well. They are happy with it.
However, some Customers of NowCredit are unhappy with the app. They complain that tha app sometimes malfunctions making it difficult to complete facial capture in in the registration process. Others complain that they see loan in their app dashboard when they are yet to receive the money into their bank accounts.
For more detailed information on the individual reviews go to Google play store.
Contact Details Of NowCredit
If you have any questions about the process do well to contact their customer service at [email protected]
Address: 20, Avenue Central Business District, Alausa Ikeja, Lagos
In conclusion, the above information about NowCredit 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 such NowCredit in this case.
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