| Interest Rate | 60% |
| Duration | From 7 days |
| Access Level | Public |
| Company Name | Chinocredit |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | |
| Views | 486 |
ChinoCredit is a financial intermediary that offers online loan services to its users, which can be accessed through a mobile app, anytime and anywhere. Our aim is to provide you with a seamless loan experience.
By using the information provided by the user during the application process, ChinoCredit enables rapid authentication and accurately matches loan products tailored to meet the user’s specific needs. This makes borrowing faster, easier, and more flexible.
Loan Application Example:
- Loan Tenure: 180 to 365 days
- Loan Amount: Up to ₦100,000
- APR (Annual Percentage Rate): Ranges from 10% (lowest) to 18% (highest)
Example Calculation:
If a customer borrows ₦10,000 for a tenure of 365 days (12 months) at an APR of 15%, the interest would be calculated as:
- Interest: ₦10,000 * 15% = ₦1,500
- Total Repayment Amount: ₦10,000 + ₦1,500 = ₦11,500
For a repayment period of 12 months, the monthly payment would be calculated as:
- Monthly Repayment: ₦10,000 / 12 + ₦10,000 * 15% / 12 = ₦958.33
ChinoCredit simplifies the borrowing process for customers by using big data analytics to quickly match users with loan options that suit their needs. This ensures that loans are easier to obtain, more convenient, and customized to the borrower’s financial situation.
Expert Counsel
When interacting with ChinoCredit, it's important to be aware of certain aspects of loan repayment and personal protection. Here's what you need to consider:
Harassing Messages:
If ChinoCredit has sent disrespectful or offensive messages to your contacts, this can cause harm and embarrassment. Paying back the loan might not resolve this issue, so it’s advisable to explore legal action if necessary.
Defamation:
If your reputation has been damaged due to derogatory messages from ChinoCredit, repaying the loan may not reverse the harm. It's important to evaluate your options and seek legal advice if needed to protect your reputation.
Install TrueCaller:
TrueCaller is a mobile app that helps identify and block spam calls. Installing this app can help you identify and block unwanted calls from ChinoCredit or any associated contacts.
Block Auto Debit:
To prevent ChinoCredit from automatically debiting your bank account, you can block your bank card. Visit your bank to request a new card, ensuring that they can no longer initiate auto-debits without your consent.
Block on WhatsApp:
If you receive unsolicited messages from ChinoCredit on WhatsApp, you can block their contact. Additionally, report their behavior to WhatsApp to help the platform take appropriate action.
Report to App Stores:
If ChinoCredit is available on the Google Play Store or Apple App Store, you can report the app for inappropriate behavior. This can help inform other users and may lead to the app’s removal from the store if violations are found.
Taking these steps can help safeguard your privacy and protect you from unwanted or harmful actions by ChinoCredit.
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Reviews
Agent message to users[10/09, 17:14] +234 815 099 5129: I will soon defame you
[12/09, 06:49] +234 815 099 5129: Today is your judgement day
- 9/27/2024
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