Bell loan app: how to apply, interest rate, is it legit and others - Startuppreneur

Bell loan app: how to apply, interest rate, is it legit and others

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


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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