Fezotech loan app is another loan company in Nigeria that give Instant loan without collateral or paper work.
Their loan processing is very fast once your application is successful you who be credited in one hours time. With fezotech loan app you can obtain up to #100,000 at a go.
Requirements to obtain loan from fezotech loan app
Below are the requirements you need to meet up with before you can obtain loan from this app
Have good credit score
Have bank account and bvn
Be above 18 years of age
Have source of of Income
Have smart phone with which to download the loan app
Once you meet up with the requirement you can proceed to obtain loan
How to obtain loan from fezotech loan app
The first step to take is to head over to play store to download the loan app
Register with your name, email, 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 dashboard
On your dashboard click on loan option
There you will see amount of loan you are eligible to obtain
Take the loan offer and wait for disbursement
How much you can obtain from fezotech loan app
With fezotech loan app you can obtain up to #100,000 loan at a go but as first timer you will not be able to obtain up to this.
Your eligible loan might not be more than #30,000 but as you continue to take loan from them this will increase.
Fezotech loan Interest rate and repayment period
Their interest rate is between %5 to 25% depending on the amount of loan obtain. The repayment period is between 7 days to 90 days.
As a first timer your interest rate will be high while your repayment period will be short but as you continue to use this app, it will increase.
Paying back your fezotech 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 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.
Is fezotech loan legit
Yes the loan app is legit. They have given loan to many people in Nigeria but they are not license by CBM nor insure by NDIC so exercise caution when taking loan from them.
Our final verdict on fezotech loan app
As stated above they are a legit loan app, they will surely give you loan, they have good review and rating on play store which means they are doing something right.
They do not send defamatory message to their customer which is a good thing.
Since they at not license by CBN I will advice you to exercise caution when taking loan from this app
Above is how to obtain loan from fezotech they do give out loan to people but only take loan that you know you can pay back to avoid had I know and embarrassment.
Do you like this article?
Feel free to share it