Rushcredit loan is another loan app in Nigeria that will give you instant loan without collateral or or paper work. Their loan processing is very fast once your application is successful, you will be credited in five minutes. With Rush credit you can obtain loan of up to #100,000 at ago
Requirements to obtain loan from Rush credit
Below are the requirement you need to meet up with before you can obtain loan form Rushcredit
Have good credit score.
Reside in Nigeria
Have bank account and BVN
Have source of income
Have smart phone with which you will use to download the app
How to apply for Rush credit loan
To apply for Rush credit loan app, 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 process.
Once you are done with 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
Take the offer and wait for disbursement
How much you can obtain from Rushcredit loan app
With Rush credit you can obtain up to #100,000 without collateral or paper work, as a first timer you will not be able to obtain up to this. As you continue to use the app, this will increase.
Rush credit loan interest rate and repayment period
Rush credit daily interest is 0.06 while their interest rate per year is 21% depending on the amount of loan secure. Their repayment period is between 7 days to 180 days.
If you are a first timer your interest rate will be high while your repayment period will be short, as you continue to use the app this will improve.
Paying back your Rushcredit loan
To pay back your loan head over to your dashboard
Locate and click on loan repayment
There you will see deferent options to pay back your loan
Click one and make your payment
Once you make payment it will reflect on your dashboard
If it odes not, you should contact them
What will happen if I default or refuse to pay back
If you default, you will be punish with increase in your loan interest rate and if you decide not to pay back at all, your name, bvn and other detail will be send to credit bureau for black listing.
Which means you will not be able to take loan again in Nigeria until you pay back your loan and clear your name with credit bureau
Is Rush credit loan legit
Yes, Rush credit loan is legit, they do give out loan to people in Nigeria, but they are not licence by CBN nor insure by NDIC
Our verdict on Rush credit loan app
Rush credit is legit, they have given loan to a lot of people on Nigeria,l. They have good review on play store but they are not license by CBn therefore I will advice you to take caution when taking loam from them.
Conclusion
Above is how to obtain loan from Rush credit loan app, as you can see they will surely give you loan but do no take more than you can pay back to avoid had I know.
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