Truemoney loan app will give you Instant loan in Nigeria without collateral or paper work, you don’t need to visit any location with your smat phone you are good to go. Their loan processing is very fast within 1 hour of submitting application your loan will be disbursed.
Truemoney loan requirements
Below are the requirement you need to meet up with before you can obtain loan from this loan app
Have bvn and bank account
Have good credit score
Be above 18 years of age and under 60 years of age
Have source of income
Have smart phone with which to download the app
How to apply for Truemoney loan
The first step to take is to head over to play store and download the app
Register with your name 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 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 Truemoney loan app
The amount you can obtain from Truemoney loan app is between #10,000 to #100,000. As a first timer your eligible loan might not be more than #30,000 depending on your credit score.
As you continue to use the app this will increase, you will be able to obtain more loan
Truemoney loan interest rate and repayment period
Their interest rate is between 12% to 25% depending on the amount of loan obtain. The repayment period is between 7 days to 90 days.
As a first timer your interest rate will be high while your repayment period will be short. This will improve as you continue to use the app.
Paying back your Truemoney loan
To pay back your loan head over to your dashboard
Locate and click on loan repayment
There you will she 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 or refuse to pay back
If you default you will be punish with increase in your loan interest rate which is usually 2%.
If you decided not to pay back at all, your name, bvn and other bank details will be sent to credit bureau for black listing which means you will not be able to take loan anywhere in Nigeria until you pay back your loan.
Is Truemoney loan legit
Yes, Truemoney loan is legit, they will surely give you loan as long as you meet their requirement but they are not licence by CBN, nor insure by NDIC
Our verdict on Truemoney loan app
Truemoney loan app is legit , they have good review on play store, they don’t send defamatory message to their customer. The only problem with them is that they are not license by CBN so exercise caution when taking loan from them.
Truemoney loan app will surely give you loan in Nigeria, I will advice you to take what you can payback to avoid embarrassment, and had i know.
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