NewCredit Loan code, interest rate, how to borrow money

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Want updated details about NewCredit Loan, the ussd code, their interest rate and how to borrow money from its app?

This post gives you all the information you need in order to get quick loan from newcredit loan app

Technology has made it relatively simple to secure loans in the present day. You can receive a loan using only your phone in less than 5 minutes.

NewCredit is a platform that enables you to access credit when you need it. The NewCredit loan app provides Nigerians with fast loans. Here in this post, you’ll learn how to apply for a loan using this application.

About NewCredit Loan

NewCredit loan is a legitimate and safe mobile credit service platform. Through their app they provides rapid loans of up to N100,000 within few minutes.

This loan is incredibly easy to obtain because there is no collateral requirement. Simply download the app, register, and submit a loan application. Here is how to proceed.

Requirements

Before you obtain a loan on the NewCredit app, you must satisfy the following criteria:

  • You must be a citizen or legal resident of Nigeria.
  • Be between the ages of 18 and 55 and have a reliable monthly income source.
  • You must be willing to link your valid ATM card to your NewCredit account and provide your next of kin’s info.
  • You must have an excellent credit score and no outstanding loans from other lenders.

How to borrow money from NewCredit app?

Here is how to apply for a loan with NewCredit:

  • Step 1: Download the NewCredit app from the Google Play Store first and Install it on your Android device immediately.
  • Step 2: Using your phone number and other essential details, create a personal account. This includes your residence address, work information, and next of kin.
  • In addition, you are required to provide your BVN (biometric verification number) and link your ATM card to your NewCredit account. This will serve as the payment method.
  • Click the “Withdraw” button to submit your loan application. The NewCredit app will then evaluate your credit score and display the final result.
  • The final result of your credit score will decide the loan amount you are eligible for. After observing the outcome, the specified amount will be deposited into your bank account.
  • You may encounter difficulties when attempting to link your Verve ATM card with your account. Therefore, you must utilize a MasterCard or Visa ATM to make the transaction less stressful.

NewCredit Interest rate

NewCredit Loan interest rates range from 4% to 24%, and annual interest rates range from 24% to 56%. Also, consider that your loan’s interest rate increases daily.

Therefore, you should make every effort to repay the debt on time. Additionally, timely loan payback grants you access to a larger loan amount the next time you borrow.

NewCredit app download?

To download the NewCredit app, follow these steps:

Visit the Google Play store on your Android smartphone. This software is exclusive to the Google Play store.

Next, conduct a search for “NewCredit.”

Download and install the application, then apply for a loan.

Is NewCredit Legit?

The NewCredit app is legitimate and can provide speedy loans, but the interest rate is too expensive.

Read the terms and conditions as well as customer reviews prior to applying for a loan so that you have a complete grasp of what you are applying for.

How to Repay a NewCredit Loan

When your loan payback is due, perform the following:

1. navigate to the app and select the loan repayment button.

Next, choose your repayment plan and repay your loan.

If you have any issues during this procedure, please contact customer support. Below are details regarding customer support.

NewCredit contact and address

Office Address: 45c Sobo Arobiodu St, Ikeja GRA, Ikeja, Lagos, Nigeria

Address for electronic mail: deeoemmah4098@gmail.com

NewCredit Phone number: unconfirmed

Conclusion

The NewCredit lending app is a legitimate Nigerian loan platform that provides quick access to loans of up to N150,000. In addition, no collateral is required to acquire a loan on this site. Follow the steps as given above for a thorough instruction on how to receive this loan.

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