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

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

Fit loan app will give you instant loan in Nigeria without collateral or paper work. Their loan processing is very fast within one hour of submitting application your loan will be disburse.

You don’t need to visit any location before you will obtain this loan, with your smart phone you are good to go.


With this loan app, you can obtain up to #100,000 loan with out collateral or guarantor

Requirements to obtain loan from Fit loan app

To obtain loan from this app, you need to meet up with the following requirement

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

Once you have all this requirement you can proceed to take loan from this app


How to apply for Fit 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 you can obtain form Fit loan app

The maximum loan you can obtain from this loan app is #100,000.

As a first timer you will not get up to this, your eligible loan limit will be around #30,000 bit as you continue to use the app, the amount of loan you can obtain will increase.

Fit loan app interest rate and repayment period

Fit loan app interest rate is between 5% to 20% depending on the amount of loan obtain.

Their repayment period is between 7 days to 180 days also depend on the amount of loan obtain.

If you are a first timer your interest rate will be high while your repayment period will be short. It will later improve as you continue to take loan from this app.

Paying back your fit loan

To payback your loan head over to your dashboard

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.

Trust me this process is usually time consuming, your best bet is to pay your loan as at when due.

Is fit loan app legit

Yes, Fit loan app is legit they will surely give you loan but they are not license by CBN currently

Our final verdict on Fit loan app

Fit loan app is legit, they will surely give you loan ,they have good review and rating on play store which means they are doing something good.

They do not charge for processing fee and they do nit send defamatory message to defaulter’s contact.

Since they are not license by CBN nor insure by NDIC, I will advice you to exercise caution when taking loam from this app.


Fit loan app will surely give you loan, but do not take loan that you can not pay back, try to avoid embarrassment and had I know.

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