Creditwise Loan is a digital loan platform that offers quick and convenient loans to individuals in Nigeria. The platform is owned and operated by Creditwise Financial Services Limited, a licensed financial institution regulated by the Central Bank of Nigeria (CBN). Creditwise Loan provides loans to both salaried and self-employed individuals, making it an ideal option for people with different income sources.
Type of Loan Offered by Creditwise Loan
Creditwise Loan offers two types of loans: Salary Loans and Business Loans. The Salary Loan is designed for salaried individuals who need quick access to funds to cover unexpected expenses or emergencies. The loan amount ranges from N5,000 to N500,000, with a repayment period of 3 to 12 months. The Business Loan is tailored for self-employed individuals who need funds to grow their businesses or cover operational expenses. The loan amount ranges from N50,000 to N5,000,00, with a repayment period of 6 to 36 months.
Creditwise Loan Interest Rate and Repayment Schedule
The interest rate for Creditwise Loan’s Salary Loan ranges from 1% to 3% per month, depending on the loan amount and repayment period. For instance, a loan of N50,00 with a repayment period of 3 months attracts an interest rate of 1% per month, while a loan of N250,00 with a repayment period of 12 months attracts an interest rate of 2% per month. The Business Loan’s interest rate ranges from 2% to 4% per month, depending on the loan amount and repayment period.
How to Borrow from Creditwise Loan App
To borrow from the Creditwise Loan app, follow these simple steps:
- Download the Creditwise Loan app from the Google Play Store or Apple App Store.
- Register with your BVN and other necessary details.
- Log in to your account and fill out the loan application form with your personal and employment details.
- Submit your application and wait for approval within minutes.
- Once approved, the loan amount will be credited to your bank account within 24 hours.
- Repay the loan in installments over the agreed repayment period using any of the available repayment options (bank transfer, USSD code, or online payment).
- Enjoy flexible repayment terms and competitive interest rates that suit your financial needs.
How to Download Creditwise Loan APP APK from a Third-party Website
If you prefer downloading apps from third-party websites instead of official app stores, follow these steps:
- Visit any trusted third-party website that offers APK downloads for Android apps.
- Search for “Creditwise Loan” or “Creditwise Financial Services Limited” on the website’s search bar.
- Select the latest version of the app that matches your device’s operating system (Android 6 or higher).
- Click on the “Download” button next to the app’s name and wait for the download process to complete.
- Once downloaded, go to your device’s settings and enable “Unknown Sources” under the “Security” section to allow installation of apps from third-party sources.
- Locate the downloaded APK file on your device’s storage and click on it to install the app on your device.
- Follow the on-screen instructions to complete the installation process and enjoy using the Creditwise Loan app on your device!
Frequently Asked Questions and Answers (FAQs)
What documents do I need to provide during the loan application?
For Salary Loans, you need to provide your BVN, recent salary slip or bank statement, and valid ID card (Driver’s license, National ID card, or International Passport). For Business Loans, you need to provide your BVN, business registration documents (CAC certificate or tax clearance), bank statement(s), and valid ID card (Driver’s license, National ID card, or International Passport).
What are the repayment options available for Creditwise Loans?
You can repay your Creditwise Loans using any of these convenient options: bank transfer (using your bank’s online banking platform or mobile banking app), USSD code (*67#), or online payment via debit card or bank transfer on our website (https://creditwise.ng/). Our customer service team is available 24/7 via phone or email if you have any questions or issues regarding repayment options or schedules!
Creditwise Loan is a reliable and convenient option for individuals seeking quick access to loans in Nigeria. With competitive interest rates, flexible repayment terms, and easy application processes via our mobile app or website, we strive to provide our customers with exceptional service that meets their financial needs! If you have any questions or feedback about our services or products, please don’t hesitate to contact us via phone or email at any time.