Is 9Credit Loan Legit? How To Apply, Interest Rate, App Download, How To Repay

9credit loan app is one of the top loan apps in Nigeria. A lot of people around Nigeria have taken a loan with this loan app. However, it is better to note that this app may not be fully functional because it is not approved by the Central Bank of Nigeria. The Central Bank is the Apex Bank in Nigeria.

The CBN allows for the careful regulations of money banks and deposit banks in Nigeria. The sweet part of this app is that you are free to request any amount of your choice. The app can be accessed on the Google Play store because it is registered. Moreover, many people who have taken loans from the platform use the APK version found on Google.

Requirements of 9credit

1. Have a bank account and BVN

2. Be a Nigerian and reside in the country.

3. Have a good credit score.

4. You must not have defaulted on any loan offer before

5. You will provide your name and valid email address

6. Clients should be within the age of 22 to 55 years of age

7. Possess a steady source of income.

Interest Rate of 9credit

9credit offer competitive interest rate to its clients. You are free to borrow any amount of money you like. However, here is a simple jerk on how it works

The loan amount: N3,000 to N100,000

Duration of loan: 90 to 120 days.

Interest Rate: 0.07% per day. 25.55% yearly.

The processing fee is charged based on the amount of loan you take. The processing fee ranges from N60 to N2000. If you are obtaining the loan for the first time.

GST: The GST for loans is usually 18% of the loan. You can easily get a loan amount with the policy and laws.

APR: The APR is usually 45%

Say you collect a loan amount of 10,000 nairas from 9credit. This loan amount is expected to last for 91 days with an interest rate of 25.5%/365× 91 days= 637

Processing fee = N200

GST: 200× 18%= N36

The total amount to be paid back is Loan amount+interest+ processing fee + get = N10000+ N637+ N200+ N37= 10873

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How to request a loan in 9credit

Install the 9credit app

This is the most important process of all. It requires you to install the app from Google Play store. Google provides the 9credit app which you can Install. Do well to have enough data

Create an account

The next step is to register an account. You can only register an account when you fill in your required information. This information would require your name, address, and others.

Choose the loan to apply for

This step entails you to input your loan amount. This would entail you to carefully calculate the amount you would need. Say, for example, you need 50,000 nairas for a medical emergency, you can request an amount of N60,000.

Fill out the important information requested

You would do well to input your details such as your source of income and your repayment process. When you want to fill out this information, do so with all manner of honesty. Your truthfulness would determine if you are qualified for the loan.

Submit the application

This would be the final process of your application. Your application would only get to the hands of 9credit when you finally submit your request. However, you can choose to spend your request depending on the severity of your emergency

Receive a call for Verification from 9credit

When your application has been received favorably, you will be asked to input your verification details. However, you would receive a call from 9credit would ask you to come for verification. Do well to answer that call.

Loan Repayment

You can repay the 9 credit loan app through an ATM. You can call 9credit customer care if you want to make a transfer to their account. This is an alternative to the first sentence above

FAQ

What is the 9 credit interest rate?

9credit offer competitive interest rate to its clients. You are free to borrow any amount of money you like. The APR is usually 45%

How do I repay 9 credit?

You can repay the 9credit loan app through an ATM. You can call the 9credit customer care if you want to make a transfer to their account

What are the criteria for 9credit?

1. Have a bank account and BVN

2. Be a Nigerian and reside in the country.

3. Have a good credit score.

4. You must not have defaulted on any loan offer before

5 You will provide your name and valid email address

6. Clients should be within the age of 22 to 55 years of age

7. Possess a steady source of income.

What is 9credit?

9credit loan app is one of the top loan apps in Nigeria. A lot of people around Nigeria have taken a loan with this loan app.

Does 9credit give a loan?

Yes. They offer loans to all people as long as you meet the requirements

Conclusion

In this article, we have learned so many things such as the repayment plan of 9credot and so on. Also, it is pertinent to note that you should read the reviews found in Playstore so you don’t get disappointed. Additionally, it is also good to note that the platform helps people including students collect loans without issues.