Liberty loan is a new kid on the horizon, though they came late to the loan app game they are taking the competitors with surprise. Liberty loan give loan of up to #50,000 to individual at a go and up to #4m to business.
Their personal loan is without collateral and you don’t need a guarantor. With your phone at the comfort of your home, you will secure the loan
What is liberty loan app
Liberty loan company is a finance company that give loan to individual and business in Nigeria, not only that you can also invest your money with them and earn up to 30% interest rate per annum.
Requirements to get loan from liberty loan
Like other loan company, you need to meet up with certain requirement before you can obtain loan from this loan company. Their requirements are
Have a source of income
You need to have a bank account and BVN with which they will use to determine your credit score
Have a valid email address
You must not have defaulted on loan before
You be connected to Internet.
How to apply for liberty loan
To get liberty loan, head over to their website
Register and login to your dashboard
On your dashboard you will see loan option, click it
The next page will show the amount of loan available for you
During the registration you will be ask to submit your BVN and other important information about you.
Liberty loan USSD code
You can also obtain loan from liberty with a USDD code *347*505#, it is fast and efficient, but you might not be able to obtain business loan using this ussd code.
How much you can loan from liberty loan
With liberty loan you can obtain up to #50,000 loan as individual and up to #4m as business.
As a first timer do not expect this amount, it will surely be less than this, if you are consistent with the site you will be able to loan more.
Interest rate of liberty loan
Their interest rate is between 5% to 30% depending on the amount of loan you want to obtain and the repayment period. The repayment period is between 91 days to 180 days also depend on credit score.
How to pay back liberty loan
You can pay back your loan through ATM card or contact them and ask for their account number.
How long does it take to get liberty loan
They are fast in loan disbursement, within 24 hrs of application your account will be credited
Is liberty loan legit
Yes the loan is legit but they are not approved by CBN nor insured by NDIC as at the time of writing this article.
What I like about liberty loan
- Their loan is fast
- They give loan to both business and individual
- You don’t need collateral or guarantor
What I don’t like about Liberty loan
- Their interest rate is much
- Their repayment period is short for first timer.
Liberty loan is among the trusted loan company in Nigeria, you will get loan from them without collateral or guarantor.
If you don’t want to go through the step of going to their website or app you can use their USSD code *347*505#
Do you enjoy this article?
Do us a favour by sharing it