MInicredit-Easy and Safe loan 1.6.7

Minicredit Review

When evaluating loan options, Minicredit presents several noteworthy features that may appeal to prospective borrowers:

• Loan Limit: Offers a range from NGN 8,000 to NGN 500,000.
• Repayment Flexibility: Choose from loan terms of 91, 120, 180, or 365 days.
• Simplicity: No collateral or extensive paperwork is required, ensuring a quick and safe process.
• No Hidden Fees: Free transaction fees with complete transparency in costs.
• Credit Building: Timely repayment can enhance your credit record, potentially improving future loan options.
• Data Security: All information is encrypted and transmitted securely.

Minicredit Loan Product Overview

• Loan Term: Available durations are 91 days, 120 days, 180 days, and 365 days.
• Loan Amount: Ranges from NGN 8,000 to NGN 500,000.
• Interest Rate: Varies between 15% to 38% APR, with interest calculated daily.

Example of a Minicredit Loan

Consider a loan of NGN 100,000 over a term of 91 days:

• Loan Amount: NGN 100,000
• Loan Term: 91 days
• APR: 18%
• Total Interest: NGN 4,487.67
• Total Repayment Amount: NGN 104,487.67

Application Process

1. Download the application and register for an account.
2. Complete basic information and select your desired loan product.
3. Submit the loan application and confirm with your input password.
4. Apply online and await approval.
5. The loan amount will be disbursed directly into your bank account.

Applicant Requirements

• A personal bank account is necessary.
• Aged between 20 to 60 years.
• Must be a Nigerian citizen.
• A stable income is required.

Contact Information

• The Minicredit team is available around the clock for assistance.
• Email: [email protected]