Traction is a free Android app that allows you run and grow your small business by allowing you access to rapid loans up to NGN 5M among other benefits.
The information provided in this article concerning this app is based on information available from the owners of the app.
Traction helps businesses grow and run their operations by allowing them to accept payments, sell to customers and manage their products.
Benefits Of Traction App
With Traction, you can:
– Receive payments from your customers in-person or online through POS, online, bank transfer or USSD
– Sell to customers using the mobile point of sale
– Create a free ecommerce store for your business in 2 minutes
– Send professional invoices to customers
– Automatically reconcile all sales and payments
– Manage all your products
– Track your inventory in real time and reduce stockout
– Manage and engage with customers
– Manage all your employees
– Get rapid loans of up to ₦5m
Features Of Traction Loan
The main features of Traction app are:
1. Get loans ranging from ₦70,000 to ₦5m(Nigeria)
2. Make repayments over a maximum of 180 days.
3.Monthly Interest rate is 3%
4. Annual Percentage Rate (APR) is 36%. No processing costs.
Example: For a 4-month loan of ₦70,000, Traction charges 3% a month. With an APR of 36%, the total repayment amount after 120 days is ₦78,400.
Flexible tenors from 1 month to 6 months with the ability to make early repayments at any point in the tenor.
Steps To Get And Benefit From Traction App
Simply Download the app from Google play store now to start growing your business with Traction. Then follow the prompts.
Feedbacks From Customers Of Traction App
Many Customers of Traction who have used the app comment that it works well and they enjoy using it.
However, some Customers of Traction lament that the app malfunctions sometimes making it difficult for them to effect withdrawals as quickly as they would wish.
Contact Details Of Traction App
Do you need help in connection with the app, then get in touch with their team via the following email address;
You can also email them to request for a POS terminal for your business
In conclusion, the above information about Traction 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
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