WeCredit Loan App: Interest rate, how to apply and more - Startuppreneur

WeCredit Loan App: Interest rate, how to apply and more

Wecredit loan app will give you instant loan in Nigeria without collateral or paper work, with just your phone you will secure the loan. With Wecredit you can obtain up to #500,000 without guarantor.

Requirement to get loan from wecredit loan app

Below are the requirements of this loan app


You should be a Nigerian and reside in Nigeria

Have bank account and BVN


Have good credit score

You must not have defaulted on any loan before

Have source of income

Be above 18 years of age


And lastly have smart phone with which to download the app

How to apply for we credit loan

The first step is to head over to play store and download the app

Register with your name and other details

You will be asked to submit your BVN, do so and proceed

After the registration, you will be login to your dashboard

On your dashboard locate and click on loan

The next page will show loan you are eligible for

Note: loan eligibility is determine by your credit score which is access through BVN you provide.

How much loan you can obtain from wecredit loan app

With wecredit you cab obtain up to #500,000 loan without collateral or guarantor, but for first timer your loan mill start from #20,000 and move up as you take loan and pay back on time.

Wecredit interest rate and repayment period

Wecredit interest rate is between 5% to 30% depending on your credit score and the amount of loan obtain. Repayment period s between 7 days to 3 months, depending on the amount of loan obtain.

Repaying your wecredit loan

To repay your koan, login to your wecredit dashboards

Locate loan repayment

There you will see deferent options to pay back such as through ATM or bank transfer

Chose the one you like and proceed.

Is wecredit loan legit

Yes the loan app is legit they’ve given loan to a lot of people, The only problem with them is that they are not license by CBN nore insured by NDIC, because of this I will advice you to exercise caution when taking loan from this loan company.

What I like about wecredit loan app

  • They are fast in disbursing loan
  • They give loan to everybody

What I don’t like about this loan app

  • They are not license yet
    Their interest rate is high especially for
  • first timer
  • Their loan repayment is too short

What will happen if I default

If you default you will be punish by increase in interest rate which can be up to 2%. And if you decided not to payback at all, your name and BVN will be sent to credit bureau for black listing which means you will not be able to take a loan again in Nigeria

Wecredit Contacts

Wecredit Phone no

Wecredt Email
[email protected]

Wecredit Address
Block 12, Elephant cement way, CBD Alausa, Ikeja, Lagos.


Wecredit will give you instant loan in Nigeria, but I want you to know that the loan app is not license by CBN so exercise caution when taking loan form this app. Do not take more than you can pay back to avoid embarrassment

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