Hcwallet will give you instant loan in Nigeria without collateral or paper work, you don’t need to visit any location before you will obtain the loan with just your phone you are good to go. With Hcwallet you can obatin up to #100,000 at a go.
Requirement to obatin Hcwallet loan
Below are the requirement you need to meet up with before you can obtain this loan
Have good credit score
Have source of income
Reside in Nigeria
Be above 18 years of age
Have smart phone with which to download the loan app
How to apply for Hcwallet loan
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 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 from Hcwallet loan
With Hcwallet loan you can obatin up to #100,000 loan with out collateral or paper work. As a first timer you will not get up to this but as you continue to use the app the amount of loan you can obtain will Increase.
Hcwallet interest rate and repayment period
Their repayment period is between 7 days to 90 days while their interest rate between 5% to 25% depending on the amount of loan obtain.
As a first timer your interest rate will be high. While your repayment period will be short as you continue to use this app this will improve.
Paying back your Hcwallet 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.
Is Hcwallet loan legit
Yes, they are legit, they will surely give you loan, but they are not license by CBN, nor insure by NDIC
Our final verdict on HCwallwrt loan app
Hcwallet loan app is legit, they will surely give you. They have both good and positive review on play store but they are not license by CBN which is bad.
There is no record of them sending defamatory message to their customer.
If you are taking loan from this loan app , I want you to exercise caution since they are not license by CBN.
Above is how to obtain loan from HCwallet, they will surely give you loan but I will advice you to take loan that you can pay back to avoid had I know embarrassment.
Do you like this article?
Feel free to share it