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Naira Now Loan App Review, Is Naira Now Loan App Legit Or Not?

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Naira Now Loan App Review, Is Naira Now Loan App Legit?

In this Naira now loan app review today, we’ll be looking at a loan app which is relatively new in the finance industry. So if you’re one of those asking “Is Naira Now loan app legit, what are the naira now loan requirements”, I’d tell you this is where you will find the right answer to the questions you need regarding the loan application.

So without having to take much of your time, kindly get into details right away!

Naira Now Loan App Review, Is Naira Now Loan App Legit?

Naira Now is a relatively new loan app in Nigeria, designed to provide quick and easy access to personal loans.

Despite its recent entry into the market, it has garnered a user rating of 3.7 on the Google Play Store, with fewer than 200 reviews.

This low rating might be attributed to its novelty and the limited number of users who have reviewed it so far. Now let’s see the answer to is nairanow loan app legit or not.

Is Naira Now Legit Or Not?

Is naira now loan legit? Based on the research conducted, Naira Now is not currently listed on the Federal Competition and Consumer Protection Commission (FCCPC) approval list, nor is it approved by the Central Bank of Nigeria (CBN).

This raises questions about its legitimacy and regulatory compliance. Potential users should exercise caution and conduct thorough research before using the app.

Naira Now Loan App Review, Is Naira Now Loan App Legit?

Naira Now Loan App Review, Is Naira Now Loan App Legit?

Naira Now Loan Requirements

To qualify, you must be able to meet the Naira Now loan requirements. The following are the requirements you must meet for you to get a loan:

  • Be a Nigerian citizen and resident.
  • Be between the ages of 20 and 60.
  • Have a stable source of income.
  • Possess a valid Bank Verification Number (BVN).
  • Own an Android smartphone to download and use the app.

Naira Now Loan Interest Rate

Naira Now offers loans with interest rates ranging from 12% to 28% APR, calculated on a daily basis. The exact rate depends on the loan amount and the repayment period.

Please ensure you think twice about the Naira Now loan interest rate before you take a loan.

How Much Can I Borrow from Naira Now?

Users can borrow between NGN 6,000 and NGN 500,000 from Naira Now. The amount you can borrow may depend on your credit score and repayment history.

Should I Borrow from Naira Now?

Given that Naira Now is not yet approved by the FCCPC or CBN, potential borrowers should be cautious.

While the app offers quick access to funds, the lack of regulatory approval could pose risks.

It’s advisable to consider other established and approved loan providers before making a decision.

Naira Now APK Download

To download the Naira Now APK, visit the Google Play Store. Ensure your device has enough storage space and meets the app’s requirements.

How to Download Naira Now from Google Play Store

  1. Open the Google Play Store on your Android device.
  2. Search for “Naira Now Loan App.”
  3. Click on the app and select “Install.”
  4. Once installed, open the app and follow the registration process.

How to Get a Loan from Naira Now Loan App

Download and Install: Download the Naira Now app from the Google Play Store.

Register: Sign up using your phone number and BVN.

Apply for a Loan: Fill in your personal and financial details.

Submit: Submit your application and wait for approval.

Receive Funds: If approved, the loan amount will be disbursed to your bank account.

Related: SnappyCredit Review, Is Snappy Credit Legit? (True Identity Revealed?

NairaNow Customer Care Number 

For any inquiries or assistance, you can contact Naira Now’s customer care through the app or their official website. Ensure you have your account details handy for quicker assistance.

FAQs On Nairanow Loan App Review, Is Nairanow Loan App Legit

Here are some helpful frequently asked questions on naira now loan review, is naira now legit or fake?

Is the Naira Now Loan App Legit?

Naira Now is not currently listed on the FCCPC approval list, nor is it approved by the CBN.

This lack of regulatory approval raises concerns about its legitimacy. Users should exercise caution and consider the potential risks before using the app.

How Do I Apply for Naira Now Loan?

To apply for a loan from Naira Now, follow these steps:

  1. Download and install the Naira Now app from the Google Play Store.
  2. Register an account using your phone number and BVN.
  3. Fill out your personal and financial information.
  4. Choose your preferred loan product.
  5. Submit your loan application and wait for approval.
  6. If approved, the loan amount will be disbursed to your bank account.

Is It Safe to Borrow Money from Naira Now?

While Naira Now offers quick access to funds, its lack of regulatory approval from the FCCPC and CBN raises safety concerns. Users should be cautious and consider the potential risks, including data security and the legitimacy of the loan provider.

How Do I Download Naira Now Loan App?

To download the Naira Now loan app:

  1. Open the Google Play Store on your Android device.
  2. Search for “Naira Now Loan App.”
  3. Click on the app and select “Install.”
  4. Once installed, open the app and follow the registration process.

How Do I Download Naira Now APK App?

To download the Naira Now APK app:

  1. Ensure your device has enough storage space.
  2. Open the Google Play Store on your Android device.
  3. Search for “Naira Now Loan App.”
  4. Click on the app and select “Install.”
  5. Once installed, open the app and follow the registration process.

What Are the Naira Now Loan Requirements?

To qualify for a loan from Naira Now, applicants must meet the following criteria:

  • Be a Nigerian citizen and resident.
  • Be between the ages of 20 and 60.
  • Have a stable source of income.
  • Possess a valid Bank Verification Number (BVN).
  • Own an Android smartphone to download and use the app.

What Is the Naira Now Loan Interest Rate?

Naira Now offers loans with interest rates ranging from 12% to 28% APR, calculated on a daily basis. The exact rate depends on the loan amount and the repayment period.

How Do I Contact NairaNow Customer Care?

For any inquiries or assistance, you can contact NairaNow customer number through the app or their official website. Ensure you have your account details handy for quicker assistance.

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