Creditwise Loan Nigeria, Reviews, How to Apply, Interest Rate, and Customer Care Number

If today a compilation of top loan apps is made and Creditwise loan is not within the list, then justice is not served. This loan app offers different loan packages to customers. The interesting part of it is not only workers are been given this loan, but business owners are also given this loan to grow their businesses. You see why this loan app is different from others.

Interestingly, for women running a business needing fund to lift their business to a higher level, for a startup business owner looking for funds to upgrade their business, for a payday loan and another loan one wish to apply for, credit-wise loan serves you better and you know what, with a very low-interest rate.

Interest Rate

The interest rate credit-wise depends on the type of loan you are applying for. However, it ranges between 3.5% to 5% interest per month. Also, the loan term varies depending on the package you are subscribing to. For 365 days, the interest rate would be around 51.15%.

For instance, if you borrow N5000, you will be paying 5000/100 * the interest rate for the package you are subscribing to.

Loan Requirement

The loan requirement for credit loans is entirely more complex than that of another loan app. You need more information than other counterparts. To apply for a loan here, the following criteria must be met.

Firstly, you must provide your bank statement for the previous six months so they can go through your past transactions.

Employment letter (if employed)

You must provide your business plan to give them an insight into how you intend to spend the money.

Must be 18 years of age and not more than 60 years.

Must be a citizen of Nigeria

Valid national ID

Utility bills

Work id

A valid business certificate (if available)

If you have all this and you are willing to submit, then you are good to go. You can start the application process.

How to Apply for a Loan on Creditwise

Creditwise loan is not like other loan platforms where you can apply easily. Their application is a bit complex.

Furthermore, since the website offers different loan packages, the type of loan you are applying decides the type of account you are creating. For instance, if you are creating a personal loan account, the process differs from that of another customer creating a business loan.

Also, once you visit their website, you navigate to choose the type of loan you wish to apply which determines the type of account you would create.


Is Creditwise Loan Legit?

Yes. I guess being licensed by the Central Bank of Nigeria, CBN alone, provides the right answer to this question. If Creditwise has any bad reputation, they won’t still be licensed by CBN. They provide loan opportunities for customers seeking financial assistance. You can try your luck. Forgot to say this, you need not worry about your details, because they are in safe hands.

What Loan Packages do Creditwise Loan Offers to Customers?

Credits Loan offers different loan packages depending on the purpose of their customers. Each of the packages has within itself limitations. The following are loan packages.

Workers loan

This type of loan is given to workers both private and civil servant workers who are yet to receive their monthly salaries and require quick cash to solve their financial emergencies. The loan term for this package is monthly as the individual receives his salary. It is a led “employee loan”

She Biz loan (women in business)

The name explains it all, this loan package is a gender-based loan for women in business to grow their business. So if you are having difficulty growing your business as a result of low capital, this type of loan is made for you. You can apply as much as N150000 to N5000000 maximum. You see! You don’t have any reason to be worried. It is created just to support your business and move it to the next level. It is called “SheBiz”

Normal payday loan

This is the normal loan given to any customer to solve day-to-day financial issues. It’s available for both employed and unemployed Nigerians. The application of this loan is much easier than others since no collateral is needed here, and not much paperwork is required. The loan period for this package ranges from 1 to 3 months. It’s called a “payday loan“

Local purchase order loan

This loan package is created for both merchants and contractors who are looking for cash to get goods or complete an ongoing project. If you are one of them, this is for you. The loan term for this package ranges from 1 to 4 months (short-term). It’s called an “LPO financing loan”

What is the Minimum Loan Amount you can Borrow on CreditwiseLoan?

The minimum amount you can borrow on a credit loan is N5000 up to N5000000 depending on the type of account and package you are applying for.

What is the Interest Rate on a Creditwise Loan?

The interest rate on credit-wise loans per month is 5%. Also, if you are willing to pay back your loan before the month ends (for the package with a month loan term) you stand a chance of paying 3.5% as interest.

How do I contact their Customer Care for a Failed Transaction?

If you have any issue you need to speak to their customer care about, you have to go to their about us page on their website and lay all your complaints. They will attend to you in due course.


We know collecting loans is not our will, but the condition made us do so, we must make good and efficient use of the funds borrowed and try as much as possible to repay our debts on time to keep a good relationship between you and the loan app.

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