With the rise of digital technology, lending platforms have emerged as a reliable and convenient option for borrowers. One such platform is Sure Credit Loan, a digital lending service that offers loans to individuals in Nigeria.
Sure Credit Loan is a reliable digital lending platform that provides loans to individuals in Nigeria. The platform offers loans ranging from N5,000 to N100,000, with flexible repayment plans that suit the borrower’s financial situation. In this article, we will provide an introduction to Sure Credit Loan, as well as reviews of the interest rate, repayment plan, and how the interest is calculated with examples.
Introduction to Sure Credit Loan
Sure Credit Loan is a digital lending platform that offers loans to individuals in Nigeria. The platform is licensed by the Central Bank of Nigeria (CBN) and operates under the guidelines of the CBN’s Consumer Protection Department. The platform has a user-friendly interface that allows borrowers to apply for loans quickly and easily.
To apply for a loan on Sure Credit Loan, borrowers need to have an active bank account, a valid means of identification, and a phone number registered with their bank. Borrowers can apply for loans via the Sure Credit Loan website or mobile app, which is available on both iOS and Android devices.
Sure Credit Loan Reviews: Interest Rate
The interest rate on a Sure Credit Loan varies depending on the loan amount and repayment period. For loans ranging from N5,000 to N25,000, the interest rate is 12% per annum. For loans between N25,001 and N500,000, the interest rate is 14% per annum. The interest rate is calculated daily and added to the principal amount of the loan.
For example, let’s say a borrower takes out a loan of N25,000 for 3 months (91 days). The interest rate for this loan is 40% per annum (equivalent to 3.3% per month). The total interest charge for this loan would be N3,485 (N25,00 x 40% x 91/365), making the total loan amount payable N39,000 at the end of the repayment period.
Sure Credit Loan Reviews: Repayment Plan
Sure Credit Loan offers flexible repayment plans that suit the borrower’s financial situation. Borrowers can choose from weekly or monthly repayments depending on their preference. The repayment period for loans ranges from 7 days to 12 months, depending on the loan amount and repayment plan selected by the borrower.
Sure Credit Loan App Download
We’ll show you how to download a sure credit loan app from the Google Play Store.
- Open the Google Play Store: open the Google Play Store app on your Android device. You can find it by swiping down from the top of your screen and searching for “Google Play Store” in the search bar. Alternatively, you can find it on your home screen or in your app drawer.
- Search for Sure Credit Loan Apps: Once you’re in the Google Play Store, use the search bar at the top of the screen to look for Sure Credit Loan Apps. Type in “Sure Credit Loan” and hit enter. This will bring up a list of apps that match your search query.
- Select a Sure Credit Loan App: Scroll through the list of apps and select one that meets your needs. Make sure to read reviews and check the app’s rating before downloading it to ensure its credibility and reliability.
- Tap “Install”: Once you’ve selected an app, tap the “Install” button located next to the app’s name. This will initiate the download process. The app will begin downloading automatically, and you’ll see a progress bar at the bottom of your screen.
- Wait for the App to Install: Depending on your internet speed, it may take a few minutes for the app to download and install. Once it’s finished, you’ll see an “Open” button next to the app’s name. Tap this button to launch the app and start using it right away.
Sure credit loan Customer Care Number.
As of the time of writing this article, we are yet to be updated with a sure credit customer care phone number, once we get it we won’t hesitate to update this section. Thanks for your understanding.
1. What is a Sure Credit Loan and how does it differ from other types of loans?
A Sure Credit Loan is a type of personal loan offered by Sure Credit, a lending institution based in Nigeria. This loan is designed to provide quick and easy access to funds for individuals who need financial assistance for various purposes, such as debt consolidation, home improvements, medical expenses, or unexpected emergencies.
2. How can I apply for a Sure Credit Loan and what documents do I need to provide?
Applying for a Sure Credit Loan is a simple process that can be done entirely online. Here are the steps you need to follow:
- Visit the Sure Credit website and click on the “Apply Now” button.
- Fill out the online application form with your personal and financial information.
- Submit your application and wait for a response from a loan officer.
- If your application is approved, you will receive an email with instructions on how to complete the loan process.
- Sign the loan agreement electronically and provide any required documents, such as proof of income, bank statements, and identification documents (driver’s license or passport).
- Once all documents are received and verified, the loan will be disbursed directly into your bank account within 24 hours (subject to bank processing times).
Sure Credit Loan is a reliable digital lending platform that offers loans to individuals in Nigeria. With flexible repayment plans and competitive interest rates, Sure Credit Loan provides borrowers with convenient and affordable loan options. If you need quick and convenient financing in Nigeria, consider applying for a loan on Sure Credit Loan today.