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 Phone no
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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