Thanks to technology, getting a loan is relatively simple today. With just your phone, you can get a loan in less than five minutes. New Credit is one trustworthy website that gives you access to this deal. In essence, the New Credit loan platform is an app that offers financial services and fast loans to Nigerians. Here’s how to use this app to apply for a loan.
New Credit Loan Overview
In Nigeria, New Credit is a reliable and safe platform for mobile loans. Basically, you can get a rapid loan of up to N100,000 in 5 minutes through this loan platform. Since you can obtain loans without any collateral, this loan is quite simple to obtain. Simply download the app, sign up, and submit an application to get a loan. Here’s how you approach it.
New Credit Loan Application
Here’s what to do if you want to apply for a quick loan from New Credit:
Install the New Credit app first by visiting the Google Play Store. Install it on your Android device after that.
2. Next, create a personal account for yourself by providing your phone number and other necessary details. This contains your home address, contact information for your employer, and your next of kin.
3. You also need to attach your ATM card to your New Credit account after providing your BVN (biometric verification number). This will be accepted as payment.
4. Click “Withdraw” to finish submitting your loan application. After you have completed this, the platform’s algorithm will evaluate your credit score and display the results.
5. The quantity of the loan you can get depends on your credit score’s ultimate conclusion. You will receive the specified amount in your bank account once you see the outcome.
Please be aware that connecting your Verve ATM card to your account may be challenging. Therefore, in order to make the process less stressful for you, you must utilize a MasterCard or Visa ATM.
What conditions must be met to obtain a loan?
On the New Credit platform, you must fulfill the following conditions before applying for a loan:
1. You must be a legal resident or a citizen of Nigeria.
2. Be between the ages of 18 and 55 and have a verifiable source of continuous monthly income.
3. You should be willing to link your valid ATM card to your New Credit account and submit details about your next of kin.
4. You should have a solid credit rating and no outstanding debts from other lenders.
What Is The Interest Rate On A New Credit Loan?
In essence, New Credit assesses an annual interest rate of 24% to 56% and a monthly interest rate of 4% to 24%. Also, keep in mind that your loan’s interest rate rises daily. Therefore, you should make every effort to repay the debt on time. When you pay off loans on time, you can borrow more money the next time.
Try out the iMoney Loans of the The Branch Loan App for more loan options
New Credit App: Is It Valid?
The New Credit platform may provide you with quick loans, and yes, it is legitimate. However, the interest rate is really expensive. Therefore, for a thorough grasp of what you want to apply for, study the terms and conditions as well as customer reviews prior to doing so.
Repayment of New Credit Loans: Steps for Repaying a New Credit Loan
When the loan is due, follow these steps:
1. Navigate to the app, find the loan repayment icon, and tap it.
2. After that, choose how you’ll pay back your loan.
Simply get in touch with customer care if you run across any problems. Details about customer service are provided below.
How Can I Get The New Credit Application?
The steps below can be used to download the NewCredit app:
Visit the PlayStore on your Android device in step 1. Only the Play Store has access to this application.
2. Then look up “New Credit.”
3. Download, set up, and submit an app to apply for a loan.
How Do I Speak With New Credit Customer Care?
You can get in touch with NewCredit via the following methods: Office Address: 45c Sobo Arobiodu St, Ikeja GRA, Ikeja, Lagos, Nigeria
Email Address: [email protected]
Website: https://web.newcredit.loans/
Leave a Comment