Intwallet laon app: interest rate, how to apply, is it legit - Startuppreneur
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Intwallet laon app: interest rate, how to apply, is it legit

Intwallet loan app is another laon app in Nigeria that give out instant loan in nigywira without collateral or paper work.

You don’t need to visit any location with your phone, you will obtain the loan. With intwallet you can obtain up to #100,000 at a go. Their loan processing is fast and easy.

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Requirement to obtain loan from intwallet

Before you can obtain loan from intwallet you need to meet up with some requirements which are

Have source of income

Reside in Nigeria

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Be above 20 years of age

Have bank account and bvn

Have smart phone with which to download the loan app

How to apply for Intwallet loan

The first step 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 with might attract #30, do so and proceed

After the registration you will be login to your dashboard

On your dashboard locate and click on loan

There you will see amount of loan you are eligible to obtain

Take the offer and wait for disbursement

How much you can obtain from Intwallet loan

With Intwallet you can obtain up to #200,000 loan at a go with out collateral or paper work but as a first timer you will not get up to this amount, as you continue to use the app the amount of loan you can obtain will be increase.

Intwallet interest rate and repayment period

Intwallet interest rate is between 5% to 10% depending on the amount of loan obtain and the repayment period. The repayment period is between 7 days to 180 days also depend on the amount of loan secure.

As a first timer your Interest rate will be high and your repayment period will be short. As you continue to use the loan app this will increase.

Paying back your intwallet loan

To pay back your loan head over to your dashboard

Locate and click on loan

There you will see deferent option to payback your loan

Click one and make payment

Once you make payment, it will reflect on your dashboard

If it does not reflect, you should contact them.

What will happen if I default

If you default you will be punish with increase in your loan interest rate, and if you decided not to pay back at all your name, BVN and other detail will be sent to credit bureau for black listing which mean you will not be able to take loan again in Nigeria until you pay back your loan and clear your name with credit bureau

Is intwallet loan legit

Yes intwallet loan is legit, they do give out loan to people but they are not license by CBN so take caution when taking loan from them.
Our verdict on intwallet loan app

They have good review on play store which means they are doing something right. We have not head of any defamation from them I hope we won’t.

The only problem is that they are not license by CBN which is a bad thing therefore exercise caution when taking loan from them, do not take loan that you know you can not pay back try to avoid embarrassment.

Contacts
Email: [email protected]
Address: 13 Okunfolami Street, Anthony, Ikeja, NG-LA 101283 NIGERIA

Conclusion

Intwallet will surely give you, as long as you meet up with their requirement but do not take more than you can pay back, try to avoid had I know.

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