Minicredit 1.5.4

MiniCredit offers online loans in Nigeria without collateral. The MiniCredit App allows users to access fast and convenient loans anywhere, anytime. Please note that the loan app is compatible only with Android phones in Nigeria.

Fees and Interest:

• Tenure: from 91 days to 365 days.
• Loan Amount: from NGN 3,000 to NGN 200,000.
• Interest Rate: from 12% to 24% APR.

As an illustration, a 91-day loan entails a processing fee of 25% and an interest of 13.65%. For a loan of NGN 3,000, this results in a processing fee of NGN 750, interest of NGN 409.5, and a total amount due of NGN 4,159.5. During the first month, the total due will be N1,886.5, with subsequent months amounting to N1136.5 each.

Reasons to consider MiniCredit:

• You can apply for a loan solely based on your credit score – no collateral or paperwork required.
• Loan limits range from NGN 10,000 to NGN 300,000.
• Flexible repayment options spanning from 91 to 365 days.
• Seamless and digital process accessible on your mobile device.
• Incentives for timely repayments or completion of tasks to enhance credit limits and reduce interest rates.
• Automatic repayment reminders via messages for peace of mind.

Loan Application Process:

1. Download the MiniCredit Application from the Play Store.
2. Create an account on the platform.
3. Select your desired loan product.
4. Complete your basic personal details, BVN, and bank information. Submit your application.
5. Receive the application outcome through the app and SMS notifications.
6. E-sign the loan agreement upon approval.
7. Following E-signing, the approved loan amount will be promptly disbursed into your account. You will receive an SMS notification confirming the transaction.

Eligibility Criteria:

• Nigerian Resident.
• Aged between 20-60 years old.
• Salaried individual.

Contact Us:

• We provide round-the-clock support for all your inquiries.
• Email: [email protected]