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About Newcredit

For online loans in Nigeria,download and apply for Newcredit

- Loans Limit Range From NGN 5,000 to NGN 300,000
- Loans Duration Ranging Between 91days to 180days
- Loans Interest Rate: 14% to 24%, Equivalent Monthly interest 4%~4.7%, the Annual Percentage Rate (APR) on a Newcredit loan is 48%~56%
- Example:If you choose a 6-month loan and borrow NGN100,000, Newcredit charges an interest rate of 4.7% per month. Borrow NGN Interest Rate: 24% and The APR is 56%. 180 days Repayments of NGN 24,000. Total amount payment is NGN124,000

Newcredit Loans Are No Origination Fees No Rollover Charge No Transaction Fees

◉Eligibility:
1. Nigeria Resident.
2. 20-55 years old.

◉How we are different
• Only three steps to Your loan:
- Register
- Get Approval
- Disbursement to your bank account

• Repay your loans in time or complete Increase Limit tasks to build your credit limit and reduce on interest rate.

◉Privacy and Permissions
Newcredit makes getting a personal loan simple by using the data on your phone including your SMS history to verify your identity and create a credit score. We encrypt the data you choose to share with us to protect your privacy. We take your privacy very seriously and promise to never share your information with third parties.

◉CONTACT US

• We are available 24/7 to assist you with your request

• Service Email: [email protected]

• Our Office Address: 45c Sobo Arobiodu St, Ikeja GRA, Ikeja, Lagos, Nigeria

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Frequently Asked Questions(FAQ)

What is Newcredit?

Newcredit is an online lending platform that offers loans ranging from NGN 5,000 to NGN 300,000 for Nigeria residents between the ages of 20 and 55.

What is the interest rate for Newcredit loans?

The interest rate for Newcredit loans ranges from 14% to 24% with an equivalent monthly interest of 4% to 4.7%. The Annual Percentage Rate (APR) on a Newcredit loan is 48% to 56%.

What are the eligibility requirements for Newcredit loans?

To be eligible for a Newcredit loan, you need to be a Nigeria resident between the ages of 20 and 55.

What is the process for getting a Newcredit loan?

To get a Newcredit loan, you need to register, get approval, and receive disbursement to your bank account.

Are there any fees associated with Newcredit loans?

No, there are no origination fees, rollover charges, or transaction fees associated with Newcredit loans.

How can I increase my credit limit with Newcredit?

You can increase your credit limit and reduce your interest rate by repaying your loans on time or completing increase limit tasks.

How does Newcredit protect my privacy?

Newcredit uses the data on your phone to verify your identity and create a credit score. They encrypt the data you choose to share with them to protect your privacy and promise never to share your information with third parties.

How can I contact Newcredit?

Newcredit is available 24/7 to assist you. You can contact them by email at [email protected] or visit their office located at 45c Sobo Arobiodu St, Ikeja GRA, Ikeja, Lagos, Nigeria.