Fezotech loan app (download): how to apply, is it legit

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

Conclusion

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