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NowCredit loan service is the earliest form of online lending to emerge in the Nigerian market. You won’t need to provide income proof, collateral, or make phone calls to relatives for verification. Instead, with just simple documentation and procedures, you can quickly receive the loan disbursement. Let’s delve into more details about this loan app through the following article.

What is NowCredit Loan App?

If you are not familiar with it yet, the NowCredit loan app is part of a major financial company in the world. The service specializes in providing loans based on advanced and modern Fintech technology. The loan limits range from 1000 Naira to 200,000 Naira, and the repayment period is diverse and varied. It caters to the financial needs of various customer groups, such as:

  • Loans for shopping or daily living expenses
  • Payment of utility services
  • Construction or implementation of business projects
  • Other expenses

What advantages does the NowCredit loan app possess?

It’s no coincidence that this loan app has become popular and earned the trust and high evaluations of many customers. Simply because it has several outstanding advantages, including:

  1. Validity of national ID card: Your national ID card remains valid for loan application.
  2. No income proof or collateral required: There’s no need to provide income proof or mandatory collateral. As long as you have the necessary documents and meet the age, health, and employment requirements, you are eligible to apply for a loan.
  3. Absolute confidentiality of personal information: All user information is kept completely confidential and protected by high-end Fintech technology to prevent leaks or breaches.
  4. Instant disbursement with Fintech system: Loans are quickly disbursed immediately after successful registration thanks to the Fintech system.
  5. Flexible loan amount, with a maximum approval limit of around 100,000 Naira.
  6. Nationwide loan support for individuals aged 18 and above.
  7. Early repayment option: You can make early repayments if you are financially capable and have the desire to do so.

Step-by-step guide to borrowing money from NowCredit:

To register for an online loan at NowCredit, you only need to follow a few simple steps. There’s no complexity or difficulty involved. Below is a detailed guide for each step of the loan process. Just follow these steps to achieve success.

  1. First, you need to download the app to your mobile phone. The app’s download size is compact and lightweight. Alternatively, if you prefer not to download the app, you can register directly on the website.
  2. Fill in all the required information as requested by the system, including your full name, national ID number, residential and work address, income statement, etc.
  3. Enter the loan amount you wish to borrow along with your desired repayment term. However, think carefully before sending your request, as it may be difficult to retract. Once you have made your decision, press the confirmation button.
  4. The loan approval process typically takes around 15 minutes.
  5. If your loan is approved, you will receive a notification via text message. The loan amount will then be transferred directly to your bank account.

With just 5 simple steps, you can successfully borrow money. However, during the process, you may encounter some errors. Don’t worry, the system will promptly resolve any issues for you.

Is NowCredit loan app a scam?

There have been some sources claiming that this loan app scams customers with exorbitant interest rates. This has caused confusion and concern among customers. However, the truth must be evaluated and verified, rather than hastily concluding based on one-sided information.

Firstly, this loan app has been present in the Nigerian market for a long time. Its established track record and reputation in the market speak to its credibility. Moreover, it operates with a valid license and complies with Nigeria law.

Secondly, during the registration process, the system provides transparent information about interest rates, the amount you need to pay, and any service fees. There is no deception involved.

Finally, negative opinions about this loan app likely come from unreliable sources or individuals who do not adhere to the terms and conditions they agreed to, and spread rumors to discredit the organization. These tactics are malicious, and you should be a wise borrower.

In conclusion, we have revealed the advantages and steps of borrowing money through the NowCredit app. We hope this information will be useful in helping you obtain the desired loan amount.