Bell loan app will give you instant loan in Nigeria with out collateral or paper work. You don’t need to visit any location with just your phone and internet connection you will secure the loan. With Bell loan app you can obtain up to #200,000 loan
But are they legit?
Stay tune to read our verdict
Requirement to obtain loan from Bell loan app
Below are the requirement you must meet up before you obtain loan form this loan app
You must be a Nigeria and reside in Nigeria
You must have bank account and BVN
You should have source of income
You should have good credit score
You must not have defaulted on any loan before
You should be above 18 years of age
Laslty, you should have smart phone with which to download the app
How to obtain loan from Bell loan app
Your first step is to head over to play store and download the loan app
Register with your names and other details
You will be ask to submit your bvn, do so and proceed
Your bvn will be use to calculate your credit score and how much you can loan
After the registration you will be login to your account
On your dashboard locate and click on loan
There you will see the amount of loan you are eligible to obtain
Click on the loan and wait for disbursement
How much you can loan from Bell loan
With bell loan app you can obtain up to #200,000 loan without collateral and paper work.
But as first timer you will not get up to this amount but as you take loan and payback regularly the amount of loan you can obtain will increase.
Bell loan interest rate and repayment period
Bell loan interest rate is between 5% to %30 depending on the amount of loan obtain and the credit score of the recipient. The repayment period is between 7 days to 3 months.
First timer will receive higher interest rate and short repayment period but as you continue to use the app this will improve.
Paying back your Bell loan
You can pay back your loan with ATM card or contact them for their account number and transfer to it.
On your dashboard you will see loan repayment
Click it and chose the medium you want to use
Once you make payment it will reflect on your dashboard immediately
If it does not reflect contact them
Is Bell loan legit
Yes the loan app is legit, they have given loan to many people in Nigeria but they are not license by CBN so exercise caution when taking loan from this loan app
What will happen if I default
If you default you will be punish by increase in your loan interest rate and if you refuse to pay back your name and BVN will be forwarded to credit bureau for black listing which means you will not be able to get loam again in Nigeria until you settle your debt.
Our verdict about Bell loan app
There are many report online even on play store of how brutal Bell loan app is, if you mistakenly default they will send defamatory message to your contacts.
In fact as at the time of writing this article they have been suspend on playstore.
I will advice you to look for another loan app to avoid embarrassment but if you so wish to take loan from this app you can go ahead but ensure you don’t take more than you can pay back
Conclusion
As you can see Bell loan app is not really worth it, they send defamatory message to their customer’s contact. Also they are not license by CBN which means if anything goes wrong it will take time before CBN will interfere.
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