₦airaland Forum

Fair Money Loan

Fair Money is another money lending app in Nigeria that offers quick loans without collateral within a minute after the application and approval of the loan you requested.

Fair Money lending app allows you to borrow as low as N1500 - 1 million Naira within 1 minute of approval. The apps work with artificial intelligence and machine learning tech to evaluate their customers before lending out money. This technology uses the bank verification number to know the credit score of the applicant before giving out the loan. If a borrower passes the algorithm of the mobile app, it will automatically lend out the money.

Fair Money Loan company was launched around march 2018, ever since the company was introduced, they have lent out over 1 billion Naira to Nigerians, and currently the company boost of giving out over 1500 loans out on a daily basis.

This is a figure for a new company that is not even up to 4 years as at the time of writing this article. They were able to build a huge customer base due to their transparency and great customer support.

How Does Fair Money Loan Works?

The app allows users to borrow money without using any of their assets as collateral by just downloading the mobile application, filling in all the required details, and submitting the loan request. Upon approval of the loan, the borrower will automatically receive the fund in less than a minute.

To borrow money from fair money, you'll need to download the Fair Money Application from Google Playstore for free.



Also Read: Get a Loan without BVN


What Is The Interest Rate Of Fair Money?

One of the interesting things about the Fair Money Loan Application is the interest rate. The application offers one of the best rates out there among its competitors in the lending business.

Fair Money Loan Application offers an interest rate of 10%-30% with a 60 days duration or tenor. With Fair Money Loan App you can borrow from N1,500-N1,000,000 at the time of writing this article. I believe with time the company will increase the maximum amount.

There are no hidden charges with the app, you get what you are being given. The more you pay back your loan, the more your credit score increases. This will allow the application to grant you loans frequently if you are able to maintain a good credit history.



How To Apply To Fair Money Loan

Applying for Fair Money Loan is pretty easy. All you need to do is to follow the steps below. Before you proceed, ensure that you have an android smartphone that can run the mobile application.

This process will take less than 5 minutes to complete and you'll receive your money almost instantly if you're qualified.

Step 1
Visit Google PlayStore to download the fair money mobile application for free

Step 2

Install the fair money loan application

Step 3

Open the fair money mobile application and click on the “Get Started” button to proceed.

Step 4

Enter a valid phone number (Preferable the one linked to your bank verification number)

Step 5

Fair money will send a verification code to your phone number, enter the code

Step 6

Create a security pin number (Ensure it is something you can remember easily)

Step 7

Fill the form with your real details if you want to get a loan.



Also Read: Auto Loans In Nigeria

How To Download Fair Money Loan App
As I have mentioned above earlier, for you to download the fair money mobile app you need to visit Google Play Store to download the application or better still you can click this link to download the APK version of the fair money mobile app if your device cannot access Google Play Store.



Fair Money Loan App Login

You can log in to the fair money mobile app by signing up and creating a unique password. Make sure that the password is unique and difficult to guess by an intruder who might get access to your phone. The app also has a biometric feature that allows you to automatically login into your device and authenticates transactions using your fingerprints.



Requirement For Fair Money Loan

Fair money does not have any requirement such as submitting a statement of account, signing a document, or bringing a guarantor.

All you need to do is to sign up and apply for the loan you want to borrow. Once the application evaluates your loan application, you'll automatically receive the money within a few minutes.



How To Contact Fair Money Loan Customer Support

For any inquiry or problem you encounter, you can contact Fair Money Customer Support with the following details below.

Physical Address Of fair Money Customer Support

3 Ajao Road, Off Adeniyi Jones, Ikeja, Lagos, Nigeria
(No money in the office, everything is digital)

Customer Support Mail:

help@fairmoney.ng

Phone Number

01 7001276 / 01 8885577

Also Read: Paylater Loan In Nigeria


Fair Money Loan App Review (Legit or Scam?)

Fair Money Loan App is 100% legit and they disburse out loans as they promise. Just ensure you're not defaulting on any loan or having bad debt records. Right now as of the time of writing this article, Fair Money Loan App is the most reliable company out there.

The Pros Of Fair Money

Speed of delivery – You can get a loan instantly in 5 minutes, from anywhere in Nigeria

Flexibility – You can repay on or before your due date No hidden charges

No Third-Party- You don't need to bring any guarantor even if you're taking a loan of 1 million Naira.


The Cons Of Fair Money

Currently, we haven't found any reasons why you should not use Fair Money Loan App. The App is op-notch with great features.

Conclusion
If you find this article helpful, don't forget to share, this will encourage us to post more educative and informative articles like this.

For any inquiries, you can drop them in the comment section. We'll try to respond as fast as we can.




Source: https://www.loanpublishing.com.ng/2021/12/fair-money-loan-application.html

Is Lcredit legit? You must have been wondering if Lcredit is a legitimate loan app that allows people to take quick loans without using any of their assets as collateral.

If you're here trying to find out if Lcredit is a legitimate or fake loan app or money lending app. Then you're in the right place. We've written a well-detailed review of the Lcredit loan app.

In this article, I'll show you all you need to know regarding the Lcredit loan app and why it is a scam or legitimate app.

In Nigeria today, a lot of loan apps are being published on the play store every day and a lot of people are downloading these apps because of how desperate they are to get quick loans.

Most of these apps give out the loans as promised and others are out there to defraud innocent people of their hard-earned money. We've seen cases where people are being asked to pay a certain amount of money before getting loans and in some other cases, people lose their money once they link their bank card to the fraudulent loan apps.

Situations like this are one of the reasons why we established the loan publishing website in other to fight against any loan app that is out there to siphon money from people.

Most of these loan apps are not regulated by the Central Bank of Nigeria which I personally find disturbing. The Central Bank Of Nigeria (CBN) is supposed to ensure that any services that involve monetary transactions which can harm the public should be checkmated for customer or consumer protection in other to create an atmosphere where people can perform any online transaction with confidence without being afraid of losing their money.

To cut the story short, let us dive in and see if the Lcredit loan app is a scam or another legitimate money lending app that is yet to become the next big money lending app in the market.



Also Read: Auto Loans In Nigeria




What Is LCredit Loan App?
LCredit loan app is a money lending application in Nigeria that offers quick loans without asking customers to present any paperwork or use their valuable assets as collateral. The loan app promise to give out loans to their customers once they pass through the verification process. The Lcredit loan app uses a machine learning tech algorithm to analyze users' data through the help of the bank verification number (BVN) before giving out a loan.

With the BVN, Lcredit can evaluate the credit score of any customer applying for a loan on its platform. This algorithm allows them to do the following;

Know the credit score of the customer
To determine the minimum or maximum amount a customer can get from Lcredit
To know if a customer is a bad debtor that has been reported to the credit bureau over the failure of paying outstanding debts of other lenders.
According to the Lcredit official website, it stated that "Lcredit is a quality financial platform that allows Nigerians to take loans, anywhere, anytime of the day, be it morning, afternoon or night".

How To Sign Up On Lcredit

Applying for a Lcredit loan is pretty easy and straightforward. Just follow the simple steps below to get started with your Lcredit account.

Step 1

You need to download the Lcredit loan app in other to proceed with your registration. The Lcredit application is available on the play store for download. You can also download the APK version of the Lcredit loan app from HERE

Step 2

Fill in your information by providing your BVN. (Make sure you enter your real information if you want to get a loan from the app).

Step 3

Get approval and apply for a loan.

Step 4

On successful application and approval, your loan will be disbursed



Also Read: Get a loan in less than a minute

Requirement For Lcredit Loan

As I have mentioned above before, the Lcredit loan app does not require any document, collateral, any document, or requires you to provide any guarantor before getting a loan.
The app only requires you to be an adult from 20-55 years in other to get a loan. If you're a minor, you cannot get a loan from the Lcredit loan app.

The Lcredit loan requires you to be a citizen of Nigeria and also residing in Nigeria before you can apply for a loan of any amount.

Lcredit Loan Login

Login into the Lcredit Loan App requires you to have an existing account. When you have an account with the Lcredit Loan App, you can always use your phone biometric to automatically sign in to your account or authorize any transaction using your phone fingerprint.

LCredit Loan Interest Rate

According to Lcredit, their interest rate is 0.1% to 1% of a loan with a tenor of 91 - 180 days. They allow stated it clear that their annual interest rate is from 36%-300%. This interest is calculated on a daily basis.

Example:

If you choose a 91-day loan, payment terms have an origination fee of 39% and an interest of 2.7%. For the loan processed with a principal amount of NGN 3,000, the origination fee would be NGN 1,174, the interest would be NGN 81, the total amount due would be NGN 4,255

How To Download The LCredit Loan App (Lcredit loan APK)

The Lcredit loan app is available on the google play store for instant download. The Apk Version of the LCredit Loan App can be downloaded from the APK combo. You can download it by clicking HERE.

The Lcredit loan application is available to android users with an operating system of 4.3 and above, any android with a lesser OS will not be able to run the Lcredit loan app.


Also Read: Loan With BVN

How Much Can I Get From Lcredit Loan App?

As a customer or borrower from Lcredit loan, you can take a loan of N5,000 to N50,000 depending on your credit score. The loan offer differs depending on the customer. A customer with a higher credit score will get a higher amount compared to a customer with a lower credit score.


Pros Of Lcredit Loan

Lcredit has a lot of pros which makes the app another great lending app. These are;

No need for collateral
No paperwork involves
No need to visit their office
Loans are disbursed almost instantly without delay

Cons Of Lcredit Loan

As of the time of writing this post we only saw a few problems with the Lcredit loan. These problems are;

Lower Loan Offer

If you're looking for a higher loan offer, then a Lcredit loan is not for you. The app only offers as low as N5,000 to N50,000 only.

No Physical Address.

As of the time of writing this article, we couldn't ascertain the physical address of the Lcredit loan. All we know is that the business is operated from Lagos, Nigeria.

Lcredit Review (Is Legit or scam?)

We have seen a lot of negative reviews about Lcredit online. Most of these reviews might be coming from competitors who are out there to tarnish the image of Lcredit.

Kindly disregard any of those negative reviews written against Lcredit Loan. From our research and use of the Lcredit service, we can confidently tell you that Lcredit is a Legitimate Loan App.



How To Contact Lcredit (Lcredit customer support)

You can contact Lcredit in case of any problem through their email address and various social media handles.

Email: support-ng@firchinternational.com

Facebook: https://www.facebook.com/lcreditNg/

Twitter: https://twitter.com/LcreditNg

Instagram: https://www.instagram.com/lcredit.ng/

Editors Tips: To avoid being in the black book of money lenders, don't take loans if you're unsure of how to pay back the loan. most of these lenders make it clear that they will be getting their money on the agreed date. failure to pay back comes with a consequence. I repeat again, don't take a loan if you can not pay it back!

we have seen people complaining that disgusting messages are being sent out to their contacts because they're defaulting on their loans. A lot of Nigerians are bad debtors for some reasons which are known to them. and the only way to get a debt from them is to follow them the hard way. Kindly ensure that you pay back your loan on or before the agreed date. This will help in building confidence between you and the lender.

Conclusion
If you find this article helpful, don't forget to share.


Source: https://www.loanpublishing.com.ng/2021/12/is-lcredit-loan-app-legit.html

Are you looking for a 24hrs loan in Nigeria? Sometimes we might be stranded financially, and whenever you look around there seems to be a door shut at you all the time. If that is your current predicament and you're looking for a solution on how you can solve your current financial problem, then you're in the right place.

Getting a 24hrs loan in Nigeria can be confusing sometimes because there are a lot of loan companies who are into giving out a 24hrs loan for personal use or business purpose and some of them impose exorbitant charges on their customers.

To make it easier for you to get a business or personal loan in 24hrs here in Nigeria, we've made a list of different loan companies that gives you a great amount within 24hrs to run your business. In this compilation, we've ensured that the interest rate is favorable to you and your business.

With the advent of modern days technology, getting a quick loan without collateral in 24hrs has become very easy. Gone are the days when it takes days, weeks, and even months before you can get access to any loan you apply for. In those days, the traditional bank has dominated the lending industry and the work base on how they feel about the applicant in regards to the kind of business he does and how his money comes in.

But now you can get your loan almost instantly and in some cases, maximum of 24hrs or less if you can provide the necessary information as requested by the lender.


General Requirements For 24hrs Loans
This requirement differs depending on the category of loan and how much you're requesting for a personal loan or business loan.

But in a majority sense, most companies request this basic and important information in other to verify their customers and their credit scores before offering them loans



For Individual Loan
Bank Verification Number (BVN)
Passport photograph
Address
Salary account, pension account, or tax ID
Employment letter


For Businesses
A copy of passport photograph
A means of identification (this could be a driver's license, international passport, national passport)
Last six-month bank statement of account
Certificate of incorporation
Memorandum of association
Post-dated NUBAN cheques from the client
A suitable guarantor who would provide the following




To cut the story short, let us dive into the List Of Companies offering Business and Personal Loans in 24hrs here in Nigeria.

List Of Money Lending Companies Offering Loans 24hrs Loans In Nigeria
Below is the list of the best loan companies offering loans within 24hours in Nigeria.

C24 Loan
Kia Kia Loan
Ren Money Loan

Cash 24 is an online money lending platform that gives out loans without requesting any collateral from its borrowers.

As a borrower from c24 Loans, you can get an instant loan by providing the necessary information such as BVN which the company will use in evaluating you through the help of machine learning technologies.

C24 Loan is owned by C24 Limited, they ensure that they offer loans to eligible Nigerians who meet their requirements.

C24 Loan Requirements/ Eligibility

For you to be eligible for a C24 Loan, you need to meet the criteria below

You must be 22-25 years and above
You must be employed with a good salary
Your bank account must be active in the last 6 months with constant salary inflow
You must be a resident of Lagos state
You must have a positive credit rating alongside a pension account

C24 Loan Application

Here is the step by step process to apply for the C24 Loan

You need to fill out the loan application form from the official website of the C24 loan website. (You're required to fill in your basic information such as personal information, tax information, next of kin, and employment information)
Submit the information you entered into the form
Your loan application will be reviewed in 24hrs
You will receive a message from C24 Limited on the status of your loan application. This message can either be approved or declined.
C24 Loan Limits
C24 loan offers a limit of 3 million Naira. This money will be credited into your account within 24 hours once you're qualified for the loan amount you requested.

How To Repay C24 Loan

The loan repayment process for the C24 Loan is very easy. You don't need to do anything. Once your payday reaches, the company will automatically deduct the money from your account

How To Contact C24 Limited
Below are the means you can reach C24 Limited for complaints and inquiries

Email Address
Contact@c24.com.ng
Phone Number
+2349090897471
Whatsapp
+2348103155826
Facebook
Facebook.com/c24limited
Twitter
Twitter.com/c24limited
Instagram
Instagram.com/c24-limited
Linkedin
Linkedin.com/c24-limited
Kia Kia Loan
Kia Kia LOan is another reputable company that offers quick loans without Collateral within 24hrs in Nigeria.

Kia Kia is a financial marketplace that gives out short-term loans for business or personal use. The Idea of Kia Kia Loan was derived from the popular word Kia Kia which is mostly used in the Nigerian version of the English language known as a pidgin. The word means fast and quick.

For you to apply for a loan from Kia Kia, you must meet the requirement or criteria

Kia Kia Loan Requirements
Valid means of Identification
A bank account with Bank Verification Number
Proof of income from the workplace or business
A working email address
You reside in Nigeria
You must be 21 and above
How To Apply For KiaKia Loan
Visit the website and create an account with your accurate details
Start an application chat on the site
Upload a valid means of identification
Enter your desired loan amount
Choose the loan duration
Upload a screenshot of your last 3 salary or business income alerts
Accept the loan terms and conditions if your application is approved
Authenticate your bank account
Get credited

Kia Kia Loan Repayment
Kia Kia Loan allows you to repay your loan within 7days -30 days. It is advisable to

The Interest Rate Of Kia Kia Loan
Kia Kia has an interest rate of 5% to 24% depending on the amount of the loan and the tenor of the loan.

Advantages Of Kia Kia Loan
The application process for Kia Kia Loan is simple and straightforward
Loans are disbursed within 24hrs or less depending on the time when you applied for the loan
Kia Kia Loan does not require any serious paperwork.
There is no geographical restriction. Anyone can apply so long as you're a citizen of Nigeria.

Ren Money Loan
Ren Money Loan is a money lending company that allows you to lend money to start up a business of your own. If for some reason you're finding it difficult to raise money for that your dream business then Ren Money is there for you.

As a finance and money lending company, ren money stands as the best money lending company right now in Nigeria that offers loans of 50,000 Naira to 6 Million Naira.



Interest Rate Of Ren Money Loan
Ren Money has Monthly interest rates ranging from 2.4% – 9.33% and the maximum Annual Percentage Rate (APR) is 35.76%. No other fees are charged.


Eligibility Criteria For Ren Money Loan

To be eligible for Ren Money Loan, you must meet the requirement below

Be between ages 22 – 59 years.
Have a steady source of income that is verifiable.
Must be confirmed staff in present employment.
Have a functional current or savings bank account.
identification – International Passport, Driver’s License, National ID Card.
Applicant must live and or work in Lagos State.
You must have a clean Credit Bureau Report.
You must not have a history of returned cheques in your account.
One recent passport photograph (within the last 6 months)
Salary bank statement for the last 6 months (must be stamped by the bank).
Utility Bill (PHCN, Water bill, LAWMA bill OR Rent Agreement)



How To Repay Ren Money Loan
repaying of loan can sometimes be frustrating compare to the joy you get when you're applying for a loan. It is always advisable to pay back your loan on or before the due date if you want to have more access to higher loans in the future.
The more you pay your loan, the higher your credit score will keep increasing.
To payback your




How To Contact Ren Money

Just in case you're having any problems. You can contact Ren Money customer care through this phone number. 0700 5000 500 or 0700 73666639.

Conclusion

If you've any questions regarding 24hrs Loans In Nigeria In Nigeria, you can drop them in the comment section. we'll respond to them as fast as we can.


Source: https://www.loanpublishing.com.ng/2021/12/24hrs-loan-in-nigeria.html