Borome will borrow you instant loan in Nigeria. Their loan processing is very fast within dive minute of successful aolicagion your koa with be disviuree. With Borome loan app you can obtain up to #100,000 loan without collateral or guarantor.
Requirement to obtain loan from borome loan app
Below are the requirement you need to meet up with before you can apply for borome loan
Have source of income
Have bank account and bvn
Be above 18 years of age
Have good credit score
Have smart phone with which to download the loan app
How to apply for Borome loan
To apply for borome loan app head over to play store and download the app
Register with your name, bvn and other details
After the registration you will be login to your dashboard
On your dashboard, click on loan
There you will see amount of loan you are eligible to obtain
Take the offer and wait for disbursement
How much you can obtain from borome loan app
With Borome loan you can obtain up to #100,000 at a go with out collateral or guarantor.
But as a first timer the amount of loan you will be eligible to obtain will be less than this. You need to prove yourself by taking loan and paying back when due.
Borome loan interest rate and repayments period
Borome loan interest rate is between 10% to 15% depending on the amount of loan secure. The repayment period is between 7 days to 3 months.
As a first timer your interest rate will be high and your repayment period will be short, but as you continue to use the app this will improve.
Paying back your borome loan
You can pay back your loan through ATM card or ask for their account number. When paying back though account number ensure you have the correct account number to avoid story that touch.
Head over to your dashboard
Locate and click on loan repayment
There you will see deferent option to pay back
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
If you default you will be punish with increase in your interest rate. If you decide not to pay back at all they might send your name to credit bureau for black listing which means you will not be able to take loan again in Nigeria until you settle your debt and clear your name with credit bureau.
Is Borome loan app legit
Yes, it is legit they do give out loan to people but they are not license by CBN nor insured by NDIC
Our verdict on borome loan app
Borome loan app is legit, they will surely give you loan, but since they are not license by CBN, I will advice you to exercise caution when taking loan from them. Do not take loan that you can not payback to avoid embarrassment
As you can see Borome loan app will give you instant loan. The only problem with them is that you are not license by CBN which means that if any things goes wrong it will take time for CBN to interfere.
Do you like this article?
Feel free to share it