NewCredit Loan

NewCredit: Your Quick and Secure Mobile Loan Service Platform in Nigeria

Are you in need of quick and easy access to a loan with no collateral?

NewCredit has got you covered! NewCredit is a mobile loan service platform in Nigeria that offers loans of up to N100,000 in just 5 minutes. In this article, we will guide you on how to register and apply for a loan on this platform, the requirements for borrowing a loan, the interest rates, and how to pay back your loan.

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How to Register and Apply for the NewCredit Loan

To access a loan on the NewCredit platform, follow these easy steps:

1. Download the NewCredit app from the Google Play Store and install it on your Android device.
2. Open a personal account by providing your phone number, home address, employment details, and next of kin.
3. Provide your BVN and link your valid ATM card to your NewCredit account for payment.
4. Submit your loan application by clicking the “Withdraw” button. The platform’s algorithm will assess your credit score, and you will receive the stipulated amount in your bank account.
5. Your credit score will determine the amount of loan you can borrow.

Note: If you experience any difficulties linking your Verve ATM card, you can use a MasterCard or Visa ATM card instead.

What Are the Requirements to Borrow a Loan?

Before you can access a loan on the NewCredit platform, you must meet the following requirements:

1. You must be a citizen of Nigeria or a Legal Resident.
2. You should be between the ages of 18 and 55 with a valid source of steady monthly income.
3. You must be willing to link your valid ATM card to your NewCredit account and provide details of your next of kin.
4. Your credit score should be good, and you must have no outstanding loans from any other lender.

What is the NewCredit Loan Interest Rate?

NewCredit charges a monthly interest rate of 4%-24% and an annual interest rate of 24% – 56%. The interest rate on your loan increases daily. Therefore, it is crucial to pay back your loan on time to avoid additional charges. Timely repayment of loans also gives you access to a higher loan amount in the future.

Is NewCredit App Legit?

Yes, the NewCredit platform is legit and can give you quick loans. However, the interest rate is high, and you must read the terms and conditions carefully before applying for a loan. You can also read reviews from other customers to get a better understanding of what you are applying for.

NewCredit Loan Repayment – How to Payback NewCredit Loan

When your loan is due for repayment, follow these steps:

1. Go to the app and look for the loan repayment button.
2. Select your preferred method of repayment and pay back your loan.

If you face any difficulties during this process, contact the customer support service. Details of the customer support service are provided below.

How to Download the NewCredit App

To download the NewCredit app, follow these simple steps:

1. Visit the Google Play Store on your Android device.
2. Search for “NewCredit.”
3. Download, install the app, and apply for a loan.

How to Contact NewCredit

You can contact NewCredit through the following ways:

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

Email Address: [email protected]

Website: https://web.newcredit.loans/

The NewCredit platform is a legit Nigerian loan platform that offers collateral-free loans of up to N100,000 in less than 5 minutes. To access this loan, follow the steps provided above. Remember