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OmegaLoan App Review, requirements and how to apply for loan

Do you have an emergency need for cash in your business or personal issues, then you need not worry as OmegaLoan is there to help you get Instant access to loan up to NGN150,000 without collateral

The information provided in this article concerning this app is based on information available from the owners of the app.

OmegaLoan is a good choice for your online loan solution.

 

OmegaLoan is willing to help entrepreneurs grow their businesses and also assist individuals with emergency needs such as medical bills, utility bills, family emergencies.

If you are embarrassed to borrow emergency money from friends, OmegaLoan would like to help you get through the hard time. We provide instant credit that allows you to take care of these pressing needs.

OmegaLoan is a good choice for your online loan solution.

 

Requirements For OmegaLoan

WHO can apply:

1. Nigerian Citizens

2. 18 years or above

3. Salaried/self-employed with regular source of income

Features Of OmegaLoan

Loan Amount, Tenure, Interest & Penalty

1. Loans Amount: NGN 7,000 to NGN 150,000

2. Loan Tenure: 91 days ~ 180 days

3. The Annual Percentage Rate (APR): 10%~25%

 

Example:

If the loan amount is ₦20,000 for 91 days (3 months), the APR is 20%, the interest and total amount to pay on the due date is

Interest: ₦ 20,000 * 20% / 365 * 91 = ₦ 997

Principal repayment = ₦20,000

Total amount of repayment: ₦20,000 + ₦997 = ₦20,997

As the repayment period is for 3 months:

Monthly repayment is ₦20,997 / 3 = ₦6,999

 

How to APPLY For OmegaLoan:

1. Download OmegaLoan

2. Register an account with your phone number

3. Fill in basic information

4. Submit the application

5. Wait for approval

 

Security Of Your Data

Your data is safe with OmegaLoan. It is transferred over a secure HTTPS connection to us, and we do not share it with anyone without your consent except the Lenders. All the transactions are secured via a 128-bit SSL encryption.

OmegaLoan- Feedbacks From Customers

Some users of OmegaLoan app comment that the app works well and instantly as indicated by the owners of the app above.

However, many who have used the app complain of havimg their accounts in the app  debited with loan even when they have not applied for any. Others complain about high interest charges as well as delays in reflecting repayments in the customer’s account.

 

 

OmegaLoan Customer Service Contact

Email:

[email protected]

Address: 5b Ojekunle Street, off Ladipo St, Mushin, Lagos,Nigeria, 100253

 

Conclusion

The above information about OmegaLoan 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

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