Interest Rate	40%
Duration	7 days
Access Level	Public
Company Name	TC developers
Phone 1
Phone 2
Website or Store
Address
Category	Dangerous Loan
Company Email	help@mamacredit.ng
Views	3,317

About Mama credit - Loan

Are you looking for a loan that is stress-free, accessible, and secure? Look no further than the Mama Credit loan app. We are a Nigerian-based loan app that provides instant loans without paperwork or collateral. With Mama Credit, you can access loans ranging from ₦5,000 to ₦200,000, depending on your creditworthiness and repayment ability.

Interest Rate

Our interest rates range from 12% to 25% annually, depending on your credit profile and the duration of your repayment period. We believe in transparency, and we ensure that our customers understand the terms and conditions of their loans before they apply.

Company Profile

Mama Credit Loan App is a new player in the Nigerian loan market. Our mission is to provide accessible loans to people who need them without the bureaucratic process of traditional financial institutions. We understand the importance of financial stability, and we aim to help individuals achieve their financial goals through our services.

About Us

Mama Credit Loan App is a subsidiary of Mama Credit, a microfinance institution that provides financial services to low-income earners in Nigeria. Our loan app is a continuation of our mission to provide financial services that are accessible to everyone. We are committed to offering loans that are convenient, secure, and affordable.

Company Services

At Mama Credit, we offer instant loans without the need for collateral or paperwork. Our loan app is designed to make the loan application process easy and stress-free. All you need is your phone number and BVN to access our loans. We also offer flexible repayment terms, ranging from one month to a year, depending on your creditworthiness and repayment ability.

Our Mission

Our mission is to provide accessible loans to individuals who need them. We believe that financial stability is a basic human right, and we are committed to ensuring that our customers have access to loans that can help them achieve their financial goals. We also aim to promote financial literacy and responsible borrowing.

Our Vision

Our vision is to become the leading loan app in Nigeria, providing accessible loans to everyone who needs them. We believe that financial stability is a critical component of economic development, and we are committed to playing our part in achieving this goal.

Our Core Values

At Mama Credit, we are guided by our core values, which include:

Excellent Customer Service

We believe that our customers are our most important assets, and we are committed to providing excellent customer service at all times. We are available 24/7 to answer your questions and provide support when you need it.

Cooperative Partner

We believe in collaboration and partnership. We work with our customers to understand their needs and provide solutions that are tailored to their unique circumstances. We also work with other financial institutions to ensure that our customers have access to a wide range of financial services.

Ease of Use

We believe that accessing loans should be easy and stress-free. Our loan app is designed to make the loan application process straightforward. You can apply for a loan from the comfort of your home or office, without the need for paperwork or collateral.

Security

We understand the importance of security, and we take the security of our customers' information seriously. Our loan app is designed to ensure that your personal and financial information is protected at all times. We also use advanced encryption technology to secure our platform.

Instant Loans

We understand that sometimes you need money urgently, and we are committed to providing instant loans to our customers. Our loan app is designed to ensure that you can access your loan within minutes of application.

Requirements for Accessing Mama Credit Loan

To access Mama Credit loans, you must meet the following requirements:

You must be a legal citizen of Nigeria
You must be 22 years and above
You must have a functioning bank account and BVN
You must be working/have a source of monthly income
You must have a smartphone to download the app
You must have a good credit score
You must not owe any outstanding debt in any of the loan apps

FAQ

Can loan apps post my pictures on social media?

You should not worry about loan apps threatening to post your picture on social media. If you check their accounts, you’ll notice most of them have fewer than 100 followers. This means they are mainly circulating your picture among themselves just to instill fear in you. Never pay a dime if any loan app posts your picture online; they are actually the ones owing you, not the other way around. Instead, report the account to the appropriate social media platform, and it will likely be closed down.

Can they auto-debit my account?

If you linked (bound) your ATM card during registration with a loan app, they can automatically debit your account. To prevent this, you should go to your bank, block the card, and request a new one.

For fully licensed Microfinance Banks that may use the Global Standing Instruction (GSI) or place a lien on your account, the safest option is to move your money to another bank account that has never been registered with loan apps. This will stop them from debiting your funds.

Can they come to my house or office to arrest me?

99% of loan apps cannot come to your house or office because most of them operate illegally and have no legal right to pursue you physically. Only fully licensed and approved Microfinance Banks with a registered office address and reputation as a legitimate financial institution can pay you a friendly visit, but never to arrest you.

Borrowing is a civil matter, not a criminal case. That means you cannot be arrested simply because you owe money. If any licensed microfinance bank tries to harass or threaten you, please contact us immediately—we will take the right steps to deal with them.

As for loan apps, they cannot legally come to your house or office to arrest you.

Can this loan app defame me?

Yes and No, a loan app can defame you, but it usually depends on where you downloaded the app from and what permissions you gave it.

If you downloaded the app outside the Play Store or App Store (for example, from a direct link or third-party site), it’s very likely the app will misuse your information. Many of those apps are not properly regulated.
How they access your contacts:

Loan apps need Contact permission to copy your phone contacts.
They also sometimes request Call log permission, which allows them to see your dialed, received, and missed calls—but not your full contact list.

If you used the app before 2023:

Before 2023, many loan apps could freely access contacts because the rules were not strict.
From 2023 onward, Google Play Store and Apple App Store introduced policies that restrict apps from accessing contacts and call logs unless it’s absolutely necessary.

How do I get rid of their daily messages and calls?

To stop their frequent calls, you can install Truecaller, upgrade to Premium, and use the Block Spam Calls feature. This will automatically filter out most unwanted numbers. (Check the video below for step-by-step details.)

For WhatsApp calls and messages, fight back smartly: never listen to their voice notes or read their messages. Instead, use the response strategy in the link below to reply safely. When you push back confidently, scammers usually give up and flee.

https://loansharkreview.com/MessageTemplate

Will this loan apps report me to the Credit Bureau?

In most cases, 90% of loan apps cannot report you to the Credit Bureau. This is because many of them are not licensed financial institutions or they charge exorbitant interest rates that violate government policies.

However, fully licensed and approved microfinance banks can report you to the Credit Bureau. Even when they do, they usually report only the actual amount you borrowed and the original agreed interest — not the inflated charges or penalties. If you notice incorrect information in your credit report, you have the right to contest it with the Credit Bureau and request correction.

Loansharkreview

Reviews

This loan app's interest rate was so high that I felt like I was being taken advantage of
- 2/16/2023
I applied for a loan on this app and never received a response
- 2/15/2023
The loan app charged me fees for services I didn't even use
- 2/12/2023
This loan app's repayment terms were inflexible and unreasonable
- 2/10/2023
I had a terrible experience with this loan app. The approval process was confusing and frustrating
- 2/7/2023
The loan app's interest rate was so high that I couldn't afford the payments
- 2/2/2023
This loan app promised fast approval, but it took days to get a response.
- 1/28/2023
The loan app had hidden fees that made the loan more expensive than I anticipated
- 1/25/2023
I had a bad experience with this loan app's customer service. They were rude and unprofessional
- 1/20/2023
The loan app's interface was outdated and difficult to use
- 1/18/2023