Mint (Mintyn) loan app: how to apply, interest rate, is it legit and more - Startuppreneur

Mint (Mintyn) loan app: how to apply, interest rate, is it legit and more

Mint loan app is another loan app that give instant loan in Nigeria. You cab obtain loan from this app without collateral or guarantor and you don’t need to visit any particular location, with your phone you can get the loan and pay back from the comfort of your home.

What is mint (mintyn) loan app

Mintyn app is a mobile banking app, with the app you can transfer, make bill payment, buy airtime and the most important part; to take loan which is the purpose of this article.


Requirements to get mint loan

Have bank account and BVN

You must not have defaulted on any loan before


Have good credit score

You will submit your name and valid email address

How to apply and download mint loan (app)

Head over to play store to download mint app

Register with your name and other details and login


You will be asked to submit your BVN, bank account and bind your ATM card

On your dashboard locate and click on loan options

There you will see available loan and the repayment period

Click it and the loan will be disburse to your back account

Note: For a first timer the loan might take long to disburse

How much you can obtain from mint loan

You can obtain up to #200,000 loan with them but as a first timer you will not be able to get up to this amount.

As you take loan from them and pay back on time your credit score will increase and the amount available to loan will also increase.

Mint loan Interest rate and pay back period
Mint interest rate depends on the amount of loan and the repayment period, is usually between 2% to 30% and the repayment period is 90days to a year.

Repaying your mint loan

You can repay your loan trough ATM card or send the money to the account of Mint company.

To get the account login to the Mintyn app and contact them for their bank account. Ensure you contact them, don’t transfer to any random account on the Internet.

Is Mint loan legit

As stated above Mint loan is a mobile app, they are regulated by CNN and insured by NDIC therefore it is legit. Apart from this they have more than 100,000 download on play store which shows that people are using the app.

What if I didn’t pay back my loan

If you did not pay back your loan on time there will be punishment in form of increase interest rate and if you default they will take your case to loan collector which might bad for you, considering how loan collector treat loan defaulters


Mint loan is one of the instant loan app in Nigeria, their loan is easy to obtain, with just a phone you will get their loan.

Because of it easiness you might be tempted to borrow more than you can pay back, please don’t do this to avoid embarrassments..

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