| Interest Rate | 35% |
| Duration | From 7 days |
| Access Level | Public |
| Company Name | Creditnaira |
| Phone 1 | 0706 524 0852 |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | |
| Views | 73 |
CreditNaira is a trusted intermediary that connects users with online loan services through its mobile app. Whether you need funds urgently or simply want a convenient borrowing option, CreditNaira provides a seamless experience, accessible anytime and anywhere through your smartphone.
Why Choose CreditNaira?
At CreditNaira, we aim to offer a hassle-free loan experience by using the information you provide to quickly authenticate your request and match you with loan products tailored to your specific needs. Our streamlined process makes borrowing faster, easier, and more selective, allowing you to choose the best loan options with confidence.
Loan Application Example:
Here’s what you can expect when applying for a loan through CreditNaira:
- Loan Tenure: You can choose a repayment period ranging from 180 days to 365 days.
- Loan Amount: You can borrow up to ₦100,000 depending on your needs and eligibility.
- Annual Percentage Rate (APR): The APR ranges from 10% to 18%, depending on the loan terms and your profile.
For instance, if you borrow ₦10,000 for 365 days (12 months) with an APR of 15%, you will be charged ₦1,500 as interest over the repayment period. The total repayment amount will be ₦11,500.
Example Breakdown:
- Loan Amount: ₦10,000
- Interest (15% APR): ₦1,500
- Total Repayment: ₦11,500
- Monthly Repayment: ₦958.33
This example highlights how affordable and transparent the loan terms are, making it easier to plan your repayments.
About the CreditNaira App
CreditNaira offers quick and reliable loan services via its mobile app. After filling in your loan application and signing up as a user, we utilize advanced big data analysis to match you with the loan products that best meet your needs. This ensures that you have a smooth and efficient borrowing experience every time.
Contact Us
If you have any questions or need assistance, CreditNaira’s customer support team is available to help during business hours.
- Email: creditnairacustomer@gmail.com
- Service Tel: 00000000
- Working Hours: 9:00 a.m. to 6:00 p.m.
CreditNaira is committed to making loans more accessible and convenient for everyone. Download our app today and discover how easy borrowing can be!
Expert Counsel
Beware of CreditNaira's Aggressive Loan Recovery Tactics
While CreditNaira may seem like a convenient way to get quick cash, it’s important to be aware of their aggressive and sometimes questionable debt recovery practices. Here’s what you should expect if you borrow from them:
- Contacting Your Friends and Family: If you fall behind on payments, CreditNaira may send SMS messages to your contacts, falsely claiming that you owe them money in an attempt to pressure you into repayment.
- Harassment via WhatsApp: Be prepared for an onslaught of unpleasant and harassing WhatsApp messages if you are even one day late on your payment.
- Unreasonably Short Repayment Terms: CreditNaira typically offers repayment schedules ranging from just 6 to 14 days, making it extremely challenging to settle your debts in time.
- High Overdue Interest Rates: If you miss a payment, expect to face daily overdue interest rates of 5% to 7%, which can quickly spiral, making it nearly impossible to repay.
- Damage to Your Reputation: Once they tarnish your reputation by contacting your friends and family, their goal is achieved. Repaying the debt at that point may feel secondary.
- No Legal Action: Since CreditNaira operates without a proper lending license, they are unable to take legal action against you. Their primary method of recourse is to damage your reputation.
- Don’t Borrow to Repay: Avoid borrowing from other loan apps to settle your debt with CreditNaira. This will only compound your financial difficulties.
- Use Call-Blocking Apps: Protect yourself from unnecessary stress by using apps like Truecaller to block their calls.
- Stop the Cycle: The most effective way to escape these predatory lending practices is to stop borrowing from unregulated lenders entirely.
- Block and Report: Block CreditNaira on WhatsApp and report them to both WhatsApp and the Google Play Store to help protect others from falling into the same trap.
In conclusion, while CreditNaira offers fast loans, the stress, harassment, and unethical debt recovery methods make them a risky option. Always be cautious before engaging with unlicensed and aggressive lenders.
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