Obtaining loans has become incredibly easy, thanks to technology. With just your phone, you can secure a loan in less than 5 minutes. One trustworthy platform offering this convenient service is NewCredit. It is a financial service app that provides instant loans to Nigerians. Newcredit quick loan App make it easy and convenient for you to get loan anytime with no stress. The app can be found on google play store.
NewCredit is a legitimate and secure mobile loan service platform in Nigeria, unlike fake loan apps that are quick to harass their customers with unethical loan recovery practices. It offers quick loans of up to N100,000 within 5 minutes. The best part is that you can access these loans without any collateral requirements. Simply download the app, register, and apply for your loan. It’s that simple!
How To Apply For NewCredit
To register and apply for the NewCredit loan, follow these simple steps:
- Start by downloading the NewCredit app from the Google Play Store and installing it on your Android device.
- Open the app and create your personal account using your phone number and basic information, including your home address, employment details, and next of kin.
- Provide your BVN (biometric verification number) and link your ATM card to your NewCredit account for payment purposes.
- Submit your loan application by clicking the “Withdraw” button. The platform’s algorithm will assess your credit score and provide you with the final result.
- Based on your credit score, the app will determine the loan amount you can borrow. Once approved, the specified amount will be transferred to your bank account.
Note that you may encounter difficulties when linking a Verve ATM card to your account. To make the process smoother, consider using a MasterCard or Visa ATM card. By following these steps, you can easily register and apply for a NewCredit loan with ease and convenience.
Requirements For NewCredit Loan
To be eligible for a loan on the NewCredit platform, you must fulfill the following requirements:
- You need to be a citizen of Nigeria or a Legal Resident.
- Age should be between 18 and 55, with a valid source of steady monthly income.
- Willingness to link a valid ATM card to your NewCredit account and provide details of your next of kin.
- Your credit score should be favorable, and you should not have any outstanding loans from other lenders.
NewCredit Interest Rates
Regarding the NewCredit loan interest rate, it is structured as follows:
- Monthly interest rate: 4%-24%
- Annual interest rate: 24% – 56%
It’s important to note that the interest rate on your loan increases daily, underscoring the importance of timely repayment. Meeting your loan repayment schedule not only helps you avoid additional interest charges but also enhances your chances of accessing higher loan amounts in future borrowings.
Is NewCredit App Legit?
Yes, the NewCredit platform is legitimate and offers quick loans. However, it is essential to be aware that the interest rate on these loans is relatively high. Before applying for a loan, carefully read the terms and conditions, and consider checking reviews from other customers to gain a clear understanding of what you are getting into.
The NewCredit loan interest rate ranges from 4% to 24% monthly and 24% to 56% annually. To avoid accumulating additional interest charges, timely repayment is essential. Responsible borrowers also gain access to higher loan amounts in future applications.
How To Payback Newcredit Loan
When your loan is due for repayment, follow these steps:
- Open the NewCredit app and locate the loan repayment button, then tap on it.
- Choose your preferred method of repayment and proceed to pay back your loan.
If you encounter any difficulties during this process, don’t hesitate to contact the customer support service. Their contact details can be found below. Ensuring timely loan repayment will help you manage the interest charges and maintain a positive borrowing experience with NewCredit.
NewCredit App Download
To access the NewCredit app and start your loan journey, follow these simple steps:
- Visit the Google Play Store on your Android device.
- Search for “NewCredit” in the search bar.
- Click on the NewCredit app icon from the search results.
- Tap on the “Install” button to download and install the app on your phone.
- Once the installation is complete, open the NewCredit app.
- Register and create your personal account using your phone number and basic information.
- Link your valid ATM card to your NewCredit account for payment purposes.
- Complete the required details, including next of kin information.
- Review the terms and conditions of the app, as well as customer reviews for better understanding.
- Start your loan application process and enjoy the convenience of quick loans on the NewCredit platform.
Remember to responsibly manage your loan repayment to avoid additional interest charges and maintain a positive borrowing experience.
NewCredit Customer Care
Should you encounter any issues during the registration or loan application process, reaching out to NewCredit’s customer support is the recommended course of action. Explain the problem and your specific needs to the customer service representative for prompt assistance.
You can contact NewCredit Customer Service using the following contact details:
Service Email: deeoemmah4098@gmail.com
NewCredit Loan App Office Address: 50c Sauket St, Ikeja GRA, Ikeja, Lagos, Nigeria
Rest assured, NewCredit Customer Service operates 24/7 and is available every day of the week, ensuring that you receive the support you need in one of the ways mentioned above. Don’t hesitate to get in touch with them whenever you require assistance with your loan application or any other queries.
Newcredit Loan app features
1. Loan amount from ₦5,000 to ₦300,000
2.Repayment from 91days to 365days
3.Interest rate with a minimum of 0.1% to 1%
4. Easy to get safe loan without mortgage
-Equivalent monthly interest 4%~24%,the Annual Percentage Rate (APR) on Newcredit is 24%~56%.
-Example:If you choose a 6-month loan and borrow ₦100,000,Newcredit charges an interest rate of 4% per month.Borrow NGN Interest Rate:24% and The APR is 56%.180 days Repayments of ₦24,000.Total amount payment is ₦124,000.
ELIGIBILTY FOR NEWCREDIT QUICK LOAN
1.Nigeria Resident.
2.18-55 years old.
3. Valid Document and proofs.
CONTACT
• Service Email: deeoemmah4098@gmail.com
• Our Office Address: 50c Sauket St, Ikeja GRA, Ikeja, Lagos, Nigeria.
Review and Feedback from Real NewCredit Customers
Ajala Mufutau
19 September 2021
This is the one of good and fast app I have ever experienced , the processing and the disbursement of funds was very awesome and lovely , fast credited into your bank account with in 5mins , the only problem is the duration of the loan , I will advice them if this can be extended , it will definitely attract more customers in future and also if we make repayment it should show on the app immediately , I therefore gives 5star
Chidi Kaka
9 August 2021
Newcredit is a bad experience for me!! They only remind you of repayment when it’s a day overdue!!! Their app is the worst!!! For days now I have been trying to repay my loan and even sent a mail to one of their agents but nothing came out of it!!! As I write now,I can’t access their dashboard and I can’t make repayment!!! No account to pay into!!!! It’s really very terrible!!!! I’m just pissed off!!!
falua oluwamotemi
24 September 2021
i have been enjoying this app for sometime now, but recently i repaid my loan through the option of bank card, and showed payment successful only for the app not to update still showing the full amount already paid as been amount due for Sep 25th, after paying a day before due date. kindly work on your app as any illegal deductions or interest would not be entertained.
Okon Eduoku
26 September 2021
For those complaining about repayment problems from this APP. This shouldn’t be a problem just, collect the loan when it’s time to pay. If you find it difficult paying via the app. Pay via their bank account and hold your payment receipt as a prove that you paid on time. Even if they take you to court that you are still owing them your receipt is your weapon against then that you paid on time and they refuse to effect the change in their system. safety precaution don’t put money in that account.
Conclusion
NewCredit’s legitimacy and reliability make it one of the preferred choices for quick loans in Nigeria, but understanding the terms and customer reviews before applying is crucial for a well-informed decision.
A unique loan category for local infrastructural development is provided in United States of America (USA) called The Cup Loan Program which is offered by the USDA and provides loans to public facilities for their construction and renovation.
By embracing technology, many different Fintec lending opportunities have emerged which engenders financial inclusion and empowers individuals to access credit with ease.
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