Naira9ja Loan App: Easy Steps to Apply and Get Approved

Getting a good and reliable loan service is more than important today. Such services are expected to be lined with a high level of security, credibility, and flexibility, hence, every customer wants to be able to access such loans. 

In this article, we will consider the Naira9ja Loan service. Perhaps, you’ve wondered, how does it work? What is its interest rate? Is it credible? Etc. Come along!

How to Apply for Naira9ja Loan

The Naira9ja Loan is a financial platform that offers loans to customers who have met its requirements. Its services are reliable and very flexible. Even more interesting is the fact that it offers both short and long-term loans without the need for any collateral or guarantor. However, in order to apply for and receive loans from Naira9ja, you must meet its requirements. 

To apply for loans on Naira9ja, all you need to do is;

  • Download the Naira9ja app from your Google Play store.
  • Sign up with your phone number and complete the registration process.
  • Fill in the required details on the application form.
  • Select the amount you want to borrow (you can borrow between N5,000 and N500,000 naira).
  • Submit your application and patiently wait for your approval (waiting time may vary).
  • Once your application is approved, you will be notified via SMS.
  • Within a few minutes, your funds will be disbursed to you.

Requirements and Criteria for Getting Naira9ja Loan

Naira9ja, like every other loan app, has basic requirements that determine whether or not a customer is credible enough to receive loans from it.

These criteria include:

  • You must be an adult (18 years and above).
  • You must have a verifiable bank account and Bank Verification Number (BVN).
  • You must have a valid phone number (Airtel, MTN, GLO or 9Mobile) and email address. 
  • You must also have an address.

It is important to note that Naira9ja will require access to data on your phone to determine your eligibility. 

READ ALSO: Moniepoint Loan: How to Apply Without Collateral

Naira9ja Loan Interest and Payment Rate

Naira9ja loan charges interest depending on certain factors, such as your credit or repayment history with them and the cost of lending. Its interest rate ranges between a minimum of 12% and a maximum of 50%

However, customers enjoy better loan rates by making due repayments of loans. That is, with a good credit history, you are likely to get cheaper or better loan rates on subsequent loans.

Naira9ja Loan Payment Duration

The payment duration for Naira9ja loans depends on the repayment package selected by the customers. This means that customers are allowed to select the duration depending on their ability within Naira9ja allowable duration period, that is, between 91(3 months) to 365 days (12 months).

Note that failure to repay your loan within the stipulated period will attract a fee of 2% on the loan daily. Customers are advised to set reasonable and workable repayment durations and pay up within that period to avoid incurring cost for default.

How to Download the Naira9ja Loan App

Downloading the Naira9ja app is simple. All you need to do is to;

  • Go to your Google Play Store and search for Naira9ja.
  • Once you find it, click on it and let it load.
  • After you successfully download the app into your device, register for free and access Nairaja.

Get Naira9ja Loan Today

Naira9ja is an easy-to-use and reliable borrowing platform. More interestingly, it offers services to customers without the need of any collateral or guarantor. In conclusion, you can easily download, sign up, and access Naira9ja loan on the app. 

FAQS About Naira9ja Loan App Download

What is the Naira9ja loan app?

It is a money-lending app that offers loans to customers without the need for a guarantor or collateral.  It offers loans between N5,000 and N500,000 naira to eligible customers.  

Is Naira9ja Loan App Legit?

Yes, it is. It is on the Federal Competition and Consumer Protection Commission (FCCPC) Watch list.

Can I Get A Loan Without Collateral from Naira9ja?

Yes, you can. Naira9ja offers loans to customers without collateral or a guarantor. All you need to do is to meet the other requirements that qualify you for the loan.

Which app can borrow me 100k in Nigeria?

The Naira9Ja Loan app can borrow you N100,000 naira if you meet their requirements. Other loan apps include Okash, Kuda, RenMoney, etc.

How Much Can I Borrow from the Naira9ja Loan App?

You can borrow between the range of N5,000 naira and N500,000 naira depending on your eligibility.

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