Trust loan app is another loan app in Nigeria where you can obtain loan without collateral or paper work. Like many loan app in Nigeria, their loan processing is very fast within one hour of submitting application your loan will be disburse. You don’t need to visit any location, with your smart phone you are good to go.
Requirement to obtain loan from trust loan app
To obtain loan from this loan app you need to meet up with some requirement, which are
Have good credit score
Have bvn and bank account
Be a Nigeria
Be above 18 yeas of age
Have smart phone with which to download the app
How to apply for trust loan app
The first step to take is to head over to play store and download the loan app
Register with your name, bvn and other details
You will be ask to bind your ATM card which might attract #30 fee, do so and proceed
Once you are done with registration you will be login to your account
On your dashboard locate and click on loan
There you will see amount of loan you are eligible to obtain
Click it and wait for disbursement
How much you can obtain from trust loan app
The maximum amount you can obtain from this loan app is #100,000 and if you are applying for the first time, you will not be able to obtain up to this but as you continue to take loan from this app this will increase.
Trust loan interest rate and repayment period
Trust loan interest rate s between 5% to 20% depending on the amount of loan obtain and the repayment period.
The repayment period is between 7 days to 180 days also depend on the amount of loan obtain. If you are applying as a first timer your interest rate will be high and your repayment period will be short. As you continue to use the app, this will improve.
Paying back your Trust loan app
To payback your loan head over to your dashboard
click on loan repayment
There you will see deferent option to pay back your loan
Click on one and make payment
Once you make payment it will reflect on your dashboard
If it does not you should contact them.
What will happen if I default or refuse to pay back
If you default you will be punish by Increase in your loan Interest rate which might be up to 2%.
If you abscond, your name and bvn will be send to credit bureau for blacklisting which means you will not be able to obtain loan again in Nigeria until you pay back and clear your name with credit bureau.
Trust me this process is usually time consuming, your best bet is to pay your loan as at when due.
Is trust loan app legit
Yes trust loan app is legit, they have given loan to many people in Nigiera, but they are not license by CBN nor insure by NDIC.
Our final verdict on trust loan app
Trust loan app will surely give you loan, they have given loan to many people. Their loan processing is very fast within one hour of submitting application you account will be credited.
But they are not license by CBN yet so exercise caution when taking loan from this app, do not take more than you can pay back try to avoid embarrassment.
Above is how to obtain loan from trust loan app. They will surely give you loan but obtain loan that you have capacity to pay back to avoid had I know.
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