Credit9ja loan app: interest rate , how to apply, is it legit - Startuppreneur

Credit9ja loan app: interest rate , how to apply, is it legit

Credit9ja is another loan app in Nigeria where you can obtain loan without collateral or guarantor.

With this loan app you don’t need to visit any location before you will obtain the loan, with your phone you are good to go. Their loan processing is very fast within one hour of submitting application your loan will be disburse. With this loan app you can obtain up to #100,000 loan at a go.


Requirement to obtain loan from Credit9ja loan app

To obtain loan from this app, you need to meet up with the below requirement which are

  • Have good credit score
  • Have bank account and bvn
  • Have source of income
  • Be above 18 years to age
  • Have ATM card
  • Have samet phone with which to download the loan app

Once you meet up with the requirement above it is time to obtain the loan


How to apply for Credit9ja 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 to obtain form Credit9ja loan app

With Credit9ja9ja9ja you can obtain up to #100,000 loan at a go, you don’t need collateral or paper work. As a first timer you you will not be able to obtain up to this but as you continue to take loan from this app, the amount of loan you can obtain will be increase.

Credit9ja interest rate and repayment period

Credit9ja interest rate is between 5% to 25% depending on the amount of loan obtain and the repayment period.

Their repayment period is between 7 days to 180 days also depend on the amount of loan obtain. If you are applying for the first time your interest rate will high and your repayment period will be short. As you continue to use the app this will improve.

Repaying your credit9ja loan

To payback your loan head over to your dashbaord

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 wil 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 Credit9ja loan app legit

Yes they are legit, credit9ja loan app will surely give you loan, but they are not license by CBN nor insure by NDIC

Our final verdict on credit9ja loan app

Credit9ja loan app is a legit loan app, they have given loan to many people in Nigeria. They have negative review on play store which is a red flag.

Like many loan app in Nigeria they also harass their defaulters . Their loan interest rate is high and their repayment period is short.
I will advice you to exercise caution when taking loan from this app only take loan that you know you can pay back

Credit9ja loan app contact



Above is how to obtain loan from credit9ja as you have read above, this loam app will give you loan but ensure you take loan that you know you can pay back to avoid embarrassment.

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