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

TopChance Loan App Review: interest rate, is it legit and how to apply

Top chance loan app is another loan app in Nigeria that will give you loan without collateral or guarantor. With this loan app you can obtain up to #100,000 loan at a go. Their loan is easy you don’t need to leave your location before you will obtain the loan, with your phone you are good to go

Requirements to obtain loan from Topchance loan app

Below are the requirement you must meet up with before you can obtain the loan


Have good credit score

Have source of income


Have bank account and BVN

Be above 18 year of age

Have smart phone with which to download the loan app

How to apply for Topchance loan app

Head over to playstore and download Top chance loan app


Launch the app and register with your name and other details

You will be ask to bind your ATM card which will attract #30 fee, 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 can apply for

Click it and wait for disbursement.

How much you can loan from Top chance loan app

With Top chance loan app you can obtain up to #100,000 loan without collateral or paper work but as a first timer your loan will not be up to this, as you continue to take loan and pay back on time the amount of loan you can obtain will increase.

Top chance loan interest rate and repayment period

Their interest rate is between 21% to 26% depending on the credit score and the amount of loan borrow.

The repayment period is between 7 days to 90 days also depend on the amount borrow and credit score.

As a first timer your interest rate will be high and your repayment period will be short. This will improve as you continue to use the app.

How to pay back your Top chance loan

To payback your Topchance loan, login to your dashboard

Locate and click on loan repayment

There you will see deferent options to pay back your loan

Select one and make payment

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

What will happen if I default

If you default you will be punish by increase in your interest rate which is usually by 2% and if you decide not to pay back your loan, they might seen defamatory message to your contacts.

Is Topchance loan legit

Yes they are legit, if it is to give loan they will surely give you loan, but they are not license by CBN, therefore exercise caution when taking loan from them.

Our verdict on Top chance loan app

Top chance loan app is legit. They have good review and good rating on play store as at the time of writing this article. The only problem they have is that they are not license by CBN

WhatsApp: +2347025129750
Address: No 10 Allen avenue, by toyin roundabout Akin Taylor plaza


Above is how to apply for Topchance loan, their loan is easy and hassle free, but take loan that you know you can pay back to avoid had I know.

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