Naira Now Loan App Review, Is Naira Now Loan App Legit Or Not?

admin 3 days ago

1 1 4 minutes read

Naira Now Loan App Review, Is Naira Now Loan App Legit Or Not?

Welcome to this page. In this naira now loan app review, you will explore everything you may want to know about the loan app which includes and not limited to naira now loan requirements, is naira now loan app legit or not, naira now loan interest rate, how to apply etc. Without further Ado, let’s get started now.

Naira Now Loan App Review

Overview

Naira Now is a relatively new loan app in Nigeria, designed to provide quick and easy access to personal loans.

Despite its recent entry into the market, it has garnered a user rating of 3.7 on the Google Play Store, with less than 200 reviews.

This low rating could be attributed to its newness and the limited number of users who have reviewed it so far.

Is Naira Now Loan App Legit?

One of the primary concerns for potential users is the legitimacy of the Naira Now loan app.

As of now, Naira Now is not listed on the Federal Competition and Consumer Protection Commission (FCCPC) approval list, nor is it approved by the Central Bank of Nigeria (CBN).

This lack of official approval raises questions about its regulatory compliance and reliability.

Naira Now Loan Requirements

To be eligible for a loan from Naira Now, applicants must meet the following criteria:

Be a Nigerian citizen
Be between the ages of 20 and 60
Have a personal bank account
Have a regular source of income

Naira Now Loan Interest Rate

Naira Now offers loans with interest rates ranging from 12% to 28% per annum.

The interest rate is calculated on a daily basis, and the exact rate depends on the loan amount and the repayment period.

How Much Can I Borrow from Naira Now?

Naira Now provides loans ranging from NGN 6,000 to NGN 500,000.

The amount you can borrow depends on your creditworthiness and other factors assessed during the application process.

Should I Borrow from Naira Now?

Given that Naira Now is not yet approved by the FCCPC or CBN, potential borrowers should exercise caution.

While the app offers the convenience of quick loans, the lack of regulatory approval means there is a higher risk involved. It’s advisable to consider other loan apps that are fully approved and regulated.

Naira Now APK Download

For those interested in downloading the Naira Now app, it is available as an APK file. This means you can download it directly from the Naira Now website or other APK hosting sites. Ensure you download from a reputable source to avoid malware.

How to Download Naira Now from Google Play Store

To download the Naira Now app from the Google Play Store, follow these steps:

Open the Google Play Store on your Android device.
Search for “Naira Now Loan App.”
Click on the app from the search results.
Tap “Install” to download and install the app on your device.

How to Get a Loan from Naira Now Loan App

Here are the steps to apply for a loan from Naira Now:

Download and Install the App: Download the Naira Now app from the Google Play Store or as an APK file.
Register an Account: Open the app and register by providing your personal details.
Fill Out Basic Information: Complete the required fields, including your bank account details and income information.
Submit Loan Application: Choose your preferred loan amount and repayment period, then submit your application.
Receive Loan Disbursement: If approved, the loan amount will be disbursed to your bank account.

Naira Now Loan Customer Care

For any inquiries or assistance, you can contact Naira Now customer care via email at support@nairanow-ng.com.

They are available 24/7 to assist with any issues or questions you may have.

FAQs On Naira Now Loan App Review, Is Naira Now Loan App Legit

Here are some helpful frequently asked questions on naira now loan app review, is naira now loan app legit or not with their respective answers:

Read: New Credit Loan App Review: Is New Credit Loan Legit? (Honest Review)

Is Naira Now Loan Real or Fake?

Naira Now is a real loan app that provides quick access to personal loans in Nigeria. However, please note that it is not listed on the Federal Competition and Consumer Protection Commission (FCCPC) approval list, nor is it approved by the Central Bank of Nigeria (CBN).

This lack of official approval raises concerns about its regulatory compliance and reliability.

Naira Now Loan Requirements

To be eligible for a loan from Naira Now, you must meet the following criteria:

Be a Nigerian citizen
Be between the ages of 20 and 60
Have a personal bank account
Have a regular source of income

Naira Now Loan Interest Rate

Naira Now offers loans with interest rates ranging from 12% to 28% per annum.

The interest rate is calculated on a daily basis, and the exact rate depends on the loan amount and the repayment period.

How to Get a Loan from Naira Now

Here are the steps to apply for a loan from Naira Now:

Download and Install the App: Download the Naira Now app from the Google Play Store or as an APK file.
Register an Account: Open the app and register by providing your personal details.
Fill Out Basic Information: Complete the required fields, including your bank account details and income information.
Submit Loan Application: Choose your preferred loan amount and repayment period, then submit your application.
Receive Loan Disbursement: If approved, the loan amount will be disbursed to your bank account.

Is Naira Now Loan App Legit?

While Naira Now is a real app that provides loans, it is not officially approved by the FCCPC or CBN. This means that it operates without regulatory oversight, which could pose risks to users. It’s advisable to consider other loan apps that are fully approved and regulated.