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

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

Link credit loan app will give you instant loan in Nigeria without collateral or paper work, with just your phone and BVN you’re good to go.

Their loan precessing is very fast once your application is successful your account will be credited. With Link credit loan app you can obtain up to #100,000 at a go.


Requirement to obtain linkcredit loan

Like other loan app out there you need to meet up with Link credit requirement before you can obtain loan from them. These requirements are

Have bank account and bvn


Have source of income

Be a Nigerian and reside in Nigeria

Have good credit score

You must not have defaulted on any loan before


Have smart phone with which to download the loan app

How to apply for Link credit loan app

The first step is to head over to play store download the app

Registered with your name and other details

You will be ask to submit your BVN, 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 for

Click the loan and wait for disbursement

If everything goes right you should receive credit alert in 1 hour time

How much you can loan from Link credit loan app

With the Linkcredit you can obtain up to #100,000 at a go but as first timer you might not be able to get up to this but as you continue to use the app the amount of loan you can obtain will increase.

Linkcredit loan interest rate and repayment period

Link credit interest rate is between 5% to 20% depending on the amount of loan obtain and the repayment period. The repayment period is between 7 days to 3 months.

As a first timer your interest rate will be high and your repayment period will be short but it will improve as you continue to use the app.

Repaying your Link credit loan

You can repay your loan with ATM card or request for their account number and make transfer.

Ensure you have their correct account number to avoid story that touch.

What will happen if I default

If you default you will be punish by increase in your interest rate, it is usually by 2% and if you decide not pay back your name and BVN will be forwarded to credit bureau for blacklisting which means you will not be able to take loan again in Nigeria until you settle your debt.

Is Link credit loan legit

Yes, the loan app is legit, they have given out loan to many people in Nigeria but they are not license by CBN so exercise caution when taking loan from them.

Our verdict about link credit loan app

Link credit loan app give loan to people but they are not license by CBN. They have positive review and good rating on playstore which shows that they are legit but since they are still new we can’t really say what will become of them in the days to come.


Link credit loan app will give instant loan but be careful they’re not license by CBM which means if any thing goes wrong it will take time for CBN to interfere.

Also take loan that you know you can pay back, to avoid embarrassment.

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