Newcredit

Interest Rate	32%
Duration	7 - 28 days max
Access Level	Public
Company Name	New Edge Finance
Phone 1
Phone 2
Website or Store	https://web.newcredit.loans
Address	Unknown
Category	Mild Loan
Company Email	Wade.80903976@gmail.com
Views	7,340

FAQ

Can I still pay them if they defame me?

Once a loan app has defamed you — by sharing your information, contacting your friends, or posting false claims — they have violated your privacy and broken the law. At that point, the agreement between you and them is already compromised.

You should report them to the FCCPC, CBN, and NDIC or any agencies in your country instead of paying. Paying them after such illegal behavior only encourages their abuse and gives them more power to exploit others.

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.

Can this Loan App Hack my Account

An app itself can’t magically “hack” your bank account, but a malicious loan app can steal your data or enable attacks that give criminals access — so treat them as potentially dangerous. Never download apps outside Play Store or App Store

Can you categorize this Loan Apps as a good loan apps?

Any loan app that charges above 7% per month and does not allow repayment to be spread across 3 to 6 months is a criminal organization. Stay away from them—they will ruin you financially

Do I need to Generate Disclaimer for this Loan App

You only need to generate a disclaimer if the loan apps have access to your contacts or if they are not licensed. To know whether a loan app is likely to defame you, check the permissions it has on your device. If it has access to your contacts or call logs, and it is not a licensed or approved agency such as the Central Bank, then you need to send a disclaimer.

Do you suggest I fight back against this loan app if they send abusive messages?

Yes — fight back. They prey on fear; pressure and exposure make predatory loan apps back down. Upload all their messages and evidence to our platform immediately — we are working to sue them. They’ll often flee once they’re documented and reported.

Explain How Credit Bureau Works

How a malicious loan app can compromise your details

Phishing / social engineering: tricking you into giving OTPs, passwords, or BVN details.

Permission abuse: access to SMS, contacts, call logs, or accessibility services can let an app read OTPs or intercept communications.

Fake login pages/overlay attacks: an app may show a fraudulent screen that captures your bank credentials.

Malware/keyloggers: Some apps can record taps or keystrokes if they get high-level permissions.

Linking to compromised websites: clicking links can download malware or steal details.

Never share OTPs, BVN, or passwords with anyone.

Don’t grant Accessibility or SMS-read permissions to untrusted apps.

Install apps only from official stores and check reviews/permissions.

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

They sent a message to me that they will block my BVN. Is it possible?

Loan apps do not have the authority or technical access to block your BVN. Only the Central Bank of Nigeria (CBN) or your bank can restrict or blacklist a BVN, and that only happens in cases involving serious fraud or court orders.

Any loan app threatening to block your BVN is simply trying to intimidate you. It’s a scare tactic, not a legitimate action

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.

About Newcredit

Newcredit is a loan app that provides quick and easy access to financial services through your mobile device. With Newcredit, you can get loans of up to N100,000 in just 5 minutes with a low interest rate. Our app is designed to make borrowing money as easy as possible for our users.

We are proud to offer a 5-star rated app that has received positive feedback from our users. However, we understand that there may be times when things don't go as smoothly as we would like. In the case of a double debit, we would like to apologize for any inconvenience this may have caused. Our customer care team is dedicated to resolving any issues you may encounter. If you are still experiencing difficulties, please reach out to us through the app or on our website, and we will do our best to assist you.

We take customer satisfaction very seriously and are always looking for ways to improve our services. If you have any suggestions or feedback, please let us know. Our goal is to provide you with the best possible experience when using Newcredit.

Regarding your request to take another loan, we apologize for any confusion. Our system may show that you are still in debt, even if you have cleared your loan. In this case, we would be happy to look into the matter and resolve it for you as quickly as possible. Please reach out to us through the app or on our website, and one of our customer care representatives will be happy to assist you.

We appreciate your feedback and are glad to hear that you have had a positive experience with Newcredit. We will continue to work hard to provide our users with quick, convenient, and affordable loan services. If you have any further questions or concerns, please don't hesitate to reach out to us. We are here to help.

Reviews

Mr ZIRTA IRIMIYA (Newcredit)
I want to pay the loan
- 5/21/2025
Agent message to users
WARNING WARNING WARNING!!
*Remember we have your Personal Identifiable Information: BVN, Card Info, NIN, OTP, PIN, Contacts, location ID, phone section ID, and Login Info….
We do not make fake threat we will reach your contacts and as time goes on we will link malware device to your BVN….
You have been warned don’t be among those that will later go to our review page on the platform, to say negative things about us the agent reaching you, airtime on calls and messages for reaching you are not free….
THE COMPANY IS MORE DESPERATE THAN EVER TO GET THE FUNDS OUT THERE.DONT BE AFFECTED*
- 11/3/2024
Harassment (Newcredit)
Make sure avoid borrowing from these guys. If you do, try and pay them before the due date.
They can harass the living hell out of someone and will not waste time in invading your privacy.
They will harass all the contacts on your phone as well and still charge you for late payment.
They are EVIL
- 10/22/2024
Agent message to users
[10/7, 10:39 AM] +234 701 352 8519: ....A letter of INDEBTEDNESS will be forwarded to your bank today. Failure to receive your payment before 1pm today will cost you lot more as your bank will restrict all transactions linked to your BVN. Mind you, if this letter of INDEBTEDNESS is sent to your bank, even after making payment you will have to go extra mile by sending letter of NON- INDEBTEDNESS back to your Bank. This might cost you more than what you are owing
[10/7, 1:41 PM] +234 701 352 8519: On
Not getting your payments in the coming hours means you do not wish the growth of our company and as such your case will be treated as that of a fraudster. You have proven to be a dubious fellow and show signs of theft.
At this point you're no longer a customer but a debtor and you'll be treated as such.
All your contacts will be informed about your fraudulent and dubious act from now on followed by a clear image of you being advertised as a criminal.
DO NOT SAY WE DIDN'T INFORM YOU.
- 10/8/2024
Agent message to users
BE INFORMED THAT ONCE IT IS 3:30PM TODAY, YOUR BVN WILL BE FLAGGED AND YOUR BANK ACCOUNT WILL BE REPORTED*
ALL YOUR CONTACTS WILL RECEIVE
MESSAGES THAT YOU ARE A FLEEING DEBTOR. OUR SANCTIONS WILL ALSO NOT BE FOR YOU ALONE, YOUR GUARANTORS, FAMILY MEMBERS, COLLEAGUES & FRIENDS WILL ALSO BE INCLUDED AS THEY HAVE BECOME AN ACCOMPLICE.
*YOUR DETAILS WILL ALSO BE SENT TO THE CREDIT BUREAU AND ALL MEDIA AND NEWSPAPER
PLATFORMS. YOU WILL BE PAYING FOR COST AND DAMAGES AND PAYING DOUBLE OF THE AMOUNT YOU ARE SUPPOSED TO PAY.
YOU'RE ADVISED TO MAKE FULL PAYMENT AND SEND YOUR PROOF
HERE FOR CONFIRMATION.
[NEW CREDIT MANAGEMENT]
- 10/8/2024
Agent message to users
YOU'RE GETTING THIS MESSAGE
BECAUSE OF. her
SHE IS A CRIMINAL WHO HAS DEFRAUDED NEWCREDIT
LOAN COMPANY OF #82233.18
SHE HAS BEEN REPORTED AND THE HUNT TO ARREST HIM IS
UNDERWAY IF HIS PAYMENT IS NOT RECEIVED TODAY.
WE WILL TAKE MEASURES WHICH WILL AFFECT YOU DIRECTLY OR INDIRECTLY, AND FAMILY FOR BEING AN ACCOMPLICES IN HER DUBIOUS ACT BE WARNED
20:42
- 10/8/2024
Agent message to users
Newedge Finance limited has been calling and threatening the people on my contact list their life, sending abusive text messages,
- 10/8/2024
Agent message to users
Seems you're a criminal, Useless she goat,Ungrateful animal,You brought your miserable self today borrow loan now it's hard for you to pay back,Different loan apps has reported your fraudulent act to us with your details and fraudulent pictures. Go and steal the money on the street and see if you will not be burn into ashes.Thief..You're taking NEWCREDIT for a joke right????You will learn the hard way today.So nah today them go cry over you.Wow so nah today be your burial ceremony,??
- 10/8/2024
Agent message to users
NEWCREDIT: YOUR LIFE,JOB, BUSINESS,FAMILIES AND RELATIVE LIFE IS AT STAKE YOU WILL NEVER BELIEVE NOR RECOVER FROM IT, YOUR GENERATION WILL HAVE YOU DEBTOR TO BE BLAMED.. MAKE YOUR PAYMENT NOW AND BE LEFT OUT .. IGNORANCE IS NOT AN EXCUSE.
- 10/8/2024
Agent message to users
The Abuja Magistrate Court has approved your warrant of arrest. You'll be picked up as your location as been tracked by IG Monitoring Anti-Robbery Squad & kept in Police custody till you face trial for Loan fraud & theft. You have few hours to repay NEWCREDIT NOW
- 10/8/2024
Agent message to users
You Lied to Us You Deceived Us.Yet we waited for You to Repay But you've taken Us for Granted Note that we have Zero tolerance for Lies and Deceit..... Family... Friends and Colleagues of all Defaulters will Receive our Report by 3pm Today..Avoid Image Tarnishing and public Disgrace Repay NewCredit Now
- 10/8/2024
Agent message to users
Being a guarantor to a refusing to pay debtor is detrimental. You'll surely be affected by our impending actions. If NEWCREDIT doesn't receive her money either in full or part (80%), we'll begin a social media campaign against you. You know the damages it'll cause. Advise the debtor to repay NOW.
- 10/8/2024
Agent message to users
AN ORDER IS ISSUED TO FREEZE/BARRED ALL ACCTS LINKED TO YOUR BVN & PROSCRIBE YOUR PICTURE FOR FRAUD. YOU HAVE TILL 2PM TO PAY NEWCREDIT. NVIDIA/S-FRA
- 10/8/2024
Agent message to users
YOUR FAMILY DID NOT TAKE THIS LOAN BUT WILL BE SERIOUSLY IMPLICATED BY YOU. DECLARING YOU AND YOUR FAMILY WANTED FOR AN ALLEGED, FRAUD, CRIMINAL, STEALING BY TRICK.... REPAY NEWCREDIT BEFORE 4PM OR ELSE YOU WILL CRY BITTERLY AND SORROWFULLY...WATCH AND SEE.
- 10/8/2024
Agent message to users
DONT WAIT TILL YOU WILL BE TAGGED AN UNFORTUNATE CHRONIC DEBTOR IN THE PUBLIC SPACE BY 10AM....REPAY EVERY KOBO ON NEWCREDIT AS SHAME,PAIN AND REGRET IS THE REWARD OF ALL WICKED SOUL..REPAY NOW. THIS IS A NEW MANAGEMENT WHO DESPISE DELAY IN THEIR BUSINESS, DO THE NEEDFUL TO AVOID ISSUES WITH THE MGT.
- 4/8/2024
Newcredit
automatically reloaned after paying my loan when I don't need it at all, I don't really want that huge amount of loan that I didn't process the date of repayment at all...To make matter worse, I have been trying to contact customer care but keep seeing abnormal network for almost an hour now
- 3/21/2023
Newcredit
Very bad loan app. I repaid my loan 2days before my due date, I was debited, they didn't acknowledge. Afterwards they are still removing money from my bank account. You can't reach their customer care at all, if they have any. I won't recommend this app at all.
- 3/20/2023
Newcredit
I made a request of N39,000 on 16/02/2023 the details was not reflected only for me to discover later from the dashboard that well over N15,000 was charged as interest. Yet, the loan was not disbursed and repayment of 1st tranch will be due on 22nd. I had requested them to cancel the loan on 3different occasions through their official email but nothing was done in this regard. This is highly fraudulent.
- 3/18/2023
Newcredit
This app is very annoying is it a must to borrow money, after I found out that their interest is so high I chatted with their customer service to cancel everything I have applied for, they didn't cancel anything and they forced the loan on me, how can I pay 4,000 for 15,000, I even called them via phone they didn't pick up they wasted my airtime, I am deleting this app after I refund their money, suck app
- 3/16/2023
Newcredit
A loan I didn't request for was disbursed into my account and I reached out to you people's customer care on the app the following day and she told me I'll have to pay with interest for money I didn't request for. We're still going back and forth on email messages and they're insisting I pay in full for what I didn't use a penny from. I'll never pay for such and I'll advise you say off their app plus their interest rate is really high. They're all scammers!Avoid this app! They don't help matters
- 3/16/2023
Newcredit
This app is soo legitimate. I was given a loan of 91k for my first application. I recommend this app to everyone looking for a personal loan for business. I hope they continue the good work. Disbursement is very fast. But interest rate is a high.
- 3/9/2023
Newcredit
This app is a total Fraud! Run away from them! I'm being honest here... When you try to repay via debit card, it won't work. So you will have to try again. When you do so, you will be secretly debited twice of your repayment amount. The app may only reflect one of the two repayment amounts you were debited for. I tried calling customer care, no response. I tried contacting them by email, they responded and promised to refund the excess amount within 7 days which they never did. Run!
- 3/4/2023
Newcredit
Very frustrating loan app. Have been binding card for more than a month now. Yes nothing has been done. If I fill the card info again,it will say "av bind card already" and when I put loan amount, it takes me to card binding again. Very frustrating and disappointing.
- 3/3/2023
Newcredit
only got notified the fifth day after loan due on my WhatsApp because I lost phone. I discussed with your CS and she said the overdue would be cleared if I could pay off the principal amount immediately. I did instantly and I still keep receiving calls from you till now saying am owing.
- 3/2/2023
Newcredit
Fund was requested yesterday, it showed disbursed on the app. Till this moment, it's not disbursed to my account. If after today it's not disbursed, I'll delete the app because I won't need it again. You can keep your funds if the urgency in taking these little money with huge interest rates
- 2/28/2023
Newcredit
Great app indeed and expedient in their delivery. They don't threaten you with text messages. Very professional customer care. Would have loved to give it a five star but for this one reason: Made my payment and my account have been debited but it has not reflected on my Newcredit platform.
- 2/28/2023
Newcredit
Very easy to borrow money, extremely difficult to make repayment. And even after repaying the money, you'd have to wait a very long time before it is verified. I have made my repayment and awaiting verification for more than a while now. I definitely will not be paying my additional interest, if incured. And the customer care seem to be unable to help. Also, the app is very buggy and keeps crashing everytime.
- 2/28/2023
Newcredit
The apps backend is really bad literally.. it does save information but it's not functional. Been trying to withdraw the loan and the card isn't able to bind. Even after it said it had already sent a verification message
- 2/26/2023
Newcredit
This app has been helpful,no stress and money transfers are swift and easy. But I have a complain. I paid up my loan. But I got a debit alert from my bank through the application. I have sent emails for a reversal but I haven't been attended to.
- 2/26/2023
Newcredit
The app is good until i update it twice and it stopped working ive uninstalled and download the app again its giving the same problem pls kindly look into this i thought upgrading the app is for the best now its the contrary,it keep saying unfortunately newcredit has stop,and the customer service very poor i just received a call from one of the agent hoping to relate my difficulty in accessing the App after i update she just kept talking non stop and i cant even hear what shes saying
- 2/17/2023
Newcredit
These people are fraud Imagine I made a repayment of my loan and another was disbursed to me that same day without me requesting for it, I contacted them via customer service chat and I was told is a system error, that I should transfer the disbursed amount back immediately and they will clear the interest But till now, they've not cleared up the interest even after 3 weeks and now they have deactivated the customer service chat on the app, no one is responding to customer service call or email
- 2/14/2023
Newcredit
Newcredit is incredible. I made a repayment and was debited twice. I emailed their customer support and got reimbursed within 2 weeks. Thank you for an awesome service!
- 2/12/2023
Newcredit
They are scams i tried taking a loan and they didn't approved it and later I saw it in the app that am owning them #13,000 without receiving any money.And when I called their customer support like 3 to 4 times they keep saying rubbish and they said they will call me back but up till now I didn't receive any money and the customer service didn't call back please don't even try taking loan from them they are worst
- 2/7/2023
Newcredit
Very poor customer assistance, and poor services too. I made a loan repayment and I was also deducted twice of my repayment. Have been calling the customer assistance thrice for 9 days now and they keep promising to refund my money back but until now they have failed to refund. I don't even trust this loan app again and everyone should be careful.
- 2/7/2023
Newcredit
This is the worst loan app I've ever seen. PLEASE! DO NOT DOWNLOAD. Their coupons are useless if you're not going to reloan after previous loan payment, loans in this app can't even be paid installmentally. Their loans can't even be extended knowing fully well that circumstances can move someone off balance & they'll give you a short period for repayment, so sad. You can't even be allowed to collect more or less than N2000, it's either N2000 or nothing. They are just STRICT. PLS DON'T DOWNLOAD
- 2/5/2023
Newcredit
Everytime i try to access the app after my facial recognition requirment, the app tells me to wait a while and it freezes there forever. I haven't been able to access any loan due to this issue so i have no idea what their service is like
- 2/4/2023
Newcredit
I applied for a loan and received a far higher loan than the actual amount amount I inputted, thereby raising my interest to an outrageously high figure .. And I've been trying to contact the support desk and I've emailed them like 3 times no response and it seems fraudulent to impose a certain amount on individuals and shut down the customer care just so you'd leave them no other choice
- 2/3/2023
Newcredit
I applied for loan for the second time on this app today. It's been up to 2hours now, it's showing on the app dashboard that the loan has been disbursed and already even showing repayment plan, but my account has not been credited.
- 2/1/2023