SuperLoan App Review: interest rate, is it legit and how to apply - Startuppreneur
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SuperLoan App Review: interest rate, is it legit and how to apply

Superloan is indeed super they will give you loan of up to #100,000 with out collateral or guarantor. You don’t need to leave your location or fill any form, with your smart phone you will obtain the loan.

Their loan processing is very fast within 1 hour of submitting application your loan will be disburse.

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Requirement to apply for super loan

To apply for super loan you must meet up with below requirement

  • Have bank account and BVN
  • Have source of income
  • Be above 18 years of age
  • Reside in Nigeria
  • Have smart phone with which to download the app

How to apply for superloan

To apply for the loan you need to download their app on play store

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Launch the app and register with your name, bvn and other details

Once you are done with 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

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Click on this loan and wait for disbursement.

How much you can loan from super loan

With super loan you can obtain up to #100,000 loan at a go. If you are applying for the first time, the loan amount you will be eligible for will be less than this bit as you continue to use the app there will be increase

Super loan interest rate and repayment period

There interest rate is between 12% to 22% per annum while their repayment period is between 7 days to 365 days.

As a first timer your repayment period will be short and your interest rate will be high they did this to access your competency it will improve as you continue to use the app

Paying back your loan

Login to your dashboard

Locate loan repayment and click on it

You will see deferent options to pay back your loan

Click on one and make payment

Once you make payment it will reflect on your dashboard if it does not you should contact them.

What will happen if I default

If you default you will be punished with increase in Yule interest rate, if you decide not to pay back at all they might send defamatory massage to your contact which can be embarrassing.

Is super loan app legit

Yes the app is legit they have given loan to a lot of people in Nigeria but they are not license by CBN nor insure by NDIC, you should exercise caution when dealing with this loan app.

Our verdict on super loan app

Super loan app will surely give you loan in Nigeria. They have mix of positive and negative review on play store, and good rating. Going through their reviews some people complain about the high interest rate and glitch in the app.

Over all exercise caution when taking loan from them you. You can take small loan at first to see their level of competency.

Conclusion

Above is how to apply for super loan, they do give loan to people but take loan that you know you can pay back to avoid had I know.

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