With Vibecredit Loan, as long as you are a Nigerian and meet the requirements, you will have access to online loan up to NGN300,000 to take care of emergency needs of cash that may come from time to time.
This is an Online loan app from Nigeria and is from a trusted lending company that helps you Get quick loans!
The information provided in this article concerning this loan app is based on information available from the owners of the app.
Vibecredit is an application that allows you to apply for loans online, with security, speed and no hidden fees.
Features Of Vibecredit Loan
Listed below are the main features of Vibecredit Loan:
1. Loan amount: ₦30,000 to ₦300,000
2. Loan term: 120 days to 360 days
3. Interest rate: 24% annualized interest rate
4. Processing Fee: ₦ 60 ~ ₦ 2,000 for one-time charge depending on loan tenure and amount；
GST: 18% of the Processing Fee in accordance with the policy and laws;
APR: Up to 45% (Annual Percentage Rate including Interest, Processing Fee and GST);
An example:
Loan Amount: ₦10,000
Tenure: 2 months with interest Rate: 25.55% per annum
Interest = ₦10,000 * 25.55% / 365 * 91 = ₦637;
Processing Fee = ₦200;
GST = ₦200 * 18% = ₦36;
Repayment Amount: ₦ 10,873=₦10,000 + ₦ 637 + ₦ 200 + ₦ 36;
APR = (₦ 10,873 – ₦ 10,000) / ₦ 10,000 / 91 * 365 = 35.01%;
Steps To Get Vibecredit Loan
To get Vibecredit Loan, simply follow the steps below:
1. Download from the Google play and log in with your mobile number to register;
2. Select the product you would like to apply for and fill in your personal information;
3. The final application result will be shown in the APP after getting approved;
4. Receive your loan straight into your bank account.
Benefits Of Vibecredit Loan
In addition to getting the loan, Vibecredit also offers you the following benefits:
1. Transparency: Vibecredit is a product of online loan service, registered under Nigeria law.
2. Instant Personal Loan: you can Get 24*7 access the money anywhere, anytime.
3. Efficient: Vibecredit processes your instant loan application quickly and swiftly. No paperwork and no hassle because they put your needs first.
Requirements To Qualify For Vibecredit Loan
To become eligible for Vibecredit Loan, you must meet the following criteria:
1. You must be a Nigeria Resident;
2. You must be aged between 18 and 56 years old;
3. You must have a Source of monthly income;
Tips：Paying your bills on time and building a good credit history will help you to get a higher credit limit
Vibecredit Loan – Feedbacks From Customers
Many customers who have used the loan service of Vibecredit comment positively about it. They comment that it is fast both in registration and other processes.
However, few customers of Vibecredit comment that the initial loan amount is small. In addition, others comment about difficulty in completing the registration process fast as well as lack of real time updating of their loan repayments.
Contact Details Of Vibecredit
For further information or any questions about this loan app, do well to contact the owners of the app using the email below.
The customer service is always ready to help you, please contact them using the following email address:
E-mail: [email protected]
In conclusion, the above information about Vibecredit 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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