CheerCredit

About CheerCredit

CheerCredit offers a flexible line of credit in Nigeria, providing quick access to funds whenever you need them. With competitive interest rates and easy repayment options, you can borrow and repay as needed, paying only for the credit you use. Manage your finances with confidence!

Advantages:
1. Flexible Credit Line: Borrow only what you need, up to your approved limit, with easy access to funds anytime.
2. Competitive Interest Rates: Enjoy competitive rates on borrowed amounts, helping you save on interest costs.
3. Pay for What You Use: Only pay interest on the amount you borrow, not the entire credit limit.
4. Easy Repayment: Flexible repayment options allow you to pay back your borrowed funds on terms that fit your financial situation.
5. Credit Limit Increase: As you build a good credit history, your credit limit can increase to give you even more borrowing power.

Requirements:
1. Must be at least 18 years old.
2. Must be a Nigerian citizen or legal resident.


Features:
1. High amount: up to NGN 2,000,000
2. Flexible tenure: 3 months to 12 months
3. Processing fees: 3% - 6%, based on your profile.
4. Maximum Annual interest Rate（APR）: 15%

Example:
If the borrowed amount is NGN 500,000 and the APR is 12% with a tenure of 6 months, the processing fees is 6%:
Processing fees = NGN 500,000 * 0.06 = NGN 30,000
Final Disbursal Amount = NGN 470,000
Monthly interest rate = 12% / 12 = 1%
Interest for 6 months = NGN 500,000 * 1% * 6 = NGN 30,000
Equated Monthly Installment = (NGN 500,000 + NGN 30,000)/6 = NGN 88,333


Contact Us:
Customer Service Email: [email protected]
Address: No. 12, Olusegun Street, Ikeja, Lagos, Nigeria