Osunloan app will give you instant loan in Nigeria without collateral or paper work. You can obtain up to #100,000 loan form this loan app and you don’t need to visit any location with your phone you are good to go.
Their loan processing is very fast within 1 hour of submitting application your loan will be disburse, though it can take more than this for first timer.
Requirements to obtain loan from Osun loan
Below are the requirement you need to meet up with before you can obtain osunloan
Be a Nigerian and reside in Nigeria
Have bank account and BVN
Have good credit score
Have source of income
Have smart phone with which to download the app
How to apply for osun loan app
Head over to play store an download osunloan app
Register with your name and BVN
You will be ask to bind your ATM card 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
Click it and wait for disbursement
How much you can obtain from osunloan app
With osunloan app you can obtain between #1,500 to #100,000 without collateral or paper work. As a first timer your eligible loan will be between #1,500 to #10,000 but as you continue to use the app this amount will increase.
Osunloan interest rate and repayment periods
Their interest rate is between 10% to 30% per annum, depending on the amount of loan secure 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 as you continue to use the app this will be improve.
Paying back your osunloan
You can payback with ATM card or ask for their account number and transfer to it. When making transfer ensure you have their correct account number to avoid story that touch
Login to your dashboard
Locate and click on loan repayment
There you will see deferent method to payback your loan
Click it and make your payment
Once you make payment it will reflect on your dashboard
It it does not contact them
What will happen if I default
If you default, your interest rate will increase by 2% and if you decide not to pay back they might send defamatory message to your contact telling them all sort of rubbish.
Also they might send your name to credit bureau for blacklisting which means you won’t be able to loan until you settle your debt
Is osunloan app legit
Yes it is legit, they will give you instant loan without collateral but they are not license by CBN so exercise caution when taking loan from them
Our verdict on osunloan apl
Osun loan app is legit loan app, the have good review on play store and good rating which shows they are doing something good, the problem I have with the. is that they are not license by CBN. Well let see if they will do that in the coming days.
Conclusion
Above is how to apply for osunloan, they will surely give you loan but take loan that you know you can pay back to avoid embarrassment and know that if any thing goes wrong it will take time for CBN to interfere since they are not license by CBN.
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