Tasere loan app: is it legit, how to apply, Interest rate - Startuppreneur

Tasere loan app: is it legit, how to apply, Interest rate

Tasere loan app is another loan platform in Nigeria where you can obtain quick loan without collateral or paper work.

With this loan app you don’t need to leave your location before you will obtain the loan, with your smart phone you are good to go. Their loan processing is very fast within one hour of submitting application your loan will be disburse.


Requirement to obtain loan from Tasere loan app

Like many loan app out there before you can obtain loan from Tasere you need to meet up with some requirement which are

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

Once you meet up with this requirements you can go ahead and apply for this loan


How to apply for Tasere loan

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 Tasere loan

The maximum amount of loan you can obtain from this loan app is #200,000. As a first timer you will not obtain up to this but as you continue to take loan and pay back, the amount of loan you can obtain will be increase.

Tasere loan app interest rate and repayment period

Their interest rate is between 5% to 25% depending on the amount of loan obtain and the repayment period.

Their repayment period is between 7 days to 180 days also depend on the amount of loan secure. If you are applying for the first time, your interest rate will be high while your repayment period will be short. As you continue to take loan from this app, it will improve.

Paying back your Tasere loan

To payback your loan head over to your dashboard

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 Tasere loan app legit

Yes, this loan app is legit, they will surely give you loan, but they are not license by CBN nor insure by NDIC.

Our final verdict on Tasere loan app

Tasere loan app is legit, you can apply through their website, they have given loan to many people in Nigeria.

They have way of collecting their money from chronic debtor which does not include blackmailing. Their loan processing is very fast, once your application is successful, your bank account will be credited.

Since they are not license by CBN you should exercise caution when taking loan from them only take loan that you know you can pay back, try to avoid embarrassment.

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