Pick credit loan app; interest rate, how to apply, is it legit

Pick credit loan app is your go to if you need instant loan without collateral in Nigeria. Their loan processing is very fast, once your application is successful, your account will be credited in minutes.

You don’t need to visit any location before you will obtain this loan, all the processing will be done on your phone. With this loan app you can obtain up to #300,000 loan at a go

Requirement to obtain loan from pick credit loan app

To obtain loan from pick credit there are requirement you need to meet up with, which are

  • Have bvn and bank account
  • Have good credit score
  • Be above 18 years of age
  • Have regular source of income
  • Reside in Nigeria
  • Have smart phone with which to download the loan app

How to apply for pick credit loan app

The first step to take 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 which might attract #30 fee, do so and proceed


Once you are done with registration you will be login to your account

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 pick credit loan a

The maximum amount of loan you can obtain from this loan app is #300,000. As a first timer, you will not get up to this, your loan limit will be around #40,000 but as you continue to use the loan app the amount of loan you can obtain will be increase.

Pickcredit loan app interest rate land repayment period

Pickcredit loan app interest rate is between 5% to 24% depending on the amount of loan obtain and the repayment period.


The repayment period is between 7 days to 365 days depending on the amount of loan obtain, if you are applying for the first time, your loan interest rate will be high while your repayment period will be short.

As you continue to use the loan app this will improve.

Paying back your pick credit loan app

To payback your loan head over to your dashbaord


click on loan repayment

There you will see deferent option to pay back your loan

Click on one and make payment


Once you make payment it wil reflect on your dashboard

If it does not you should contact them.

What will happen if I default or refuse to pay back


If you default you will be punish by Increase in your loan Interest rate which might be up to 2%.

If you abscond, your name and bvn will be send to credit bureau for blacklisting which means you will not be able to obtain loan again in Nigeria until you pay back and clear your name with credit bureau.

Trust me this process is usually time consuming, your best bet is to pay your loan as at when due.


Is pick credit loan app legit

Yes, this loan app is legit, if it is to give loan they will surely give you loan, but they are not license by CBN yet.

Our final verdict on pick credit loan app

Pick credit loan is legit, they will surely give you loan , they have good review on plays tire as at the time of writing this article, which shows they are doing something good. They do not charge processing fee which is another good thing.

The problem I have with this loan app is that they are not license by CBN yet not insured by NDIC, so exercise caution when taking loan from them



Above is how to obtain loan from pick credit loan app. They do give out loan to people in Nigeria, but ensure to take loan that you can pay back to prevent embarrassment.

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