Creditwise Loan Nigeria, Reviews, How to apply, Interest Rate and Customer Care Number

Before delving into the other parts of the article, let’s first explore the Creditwise loan reviews.

CreditWise Reviews & Legitimacy

CreditWise is currently considered a legitimate platform for securing loans without the need to submit documents or collateral.

However, as with any financial service, they have received mixed reactions in thousands from both satisfied and unsatisfied customers.

Before applying for a CreditWise loan in Nigeria, I’ll advise you to check their reviews and ratings in the app store.

This will help you make an informed decision and assess if CreditWise is the right option for your financial needs.

CreditWise Loan Interest Rate

One of the key factors that make CreditWise loans appealing is their reasonable interest rates.

They offer loan amounts ranging from N5,000 to N500,000 with repayment periods that can span from 14 to 365 days, providing you with the flexibility to manage your loan effectively.

The annual interest rates for CreditWise loans fall within the range of 12% to 20%. Take for example, if you borrow N5,000 with a repayment period of 180 days and a 12% interest rate, the interest charged would amount to N600.

This means that the total repayment, including both the principal and interest, would be N5,600.

How To Apply For CreditWise Loan in Nigeria

If you have decided on borrowing money from this loan app, kindly follow the instructions below to download the app and apply:

Download and Install the App: Go to the Google Play Store on your Android device and search for “CreditWise Loan App.” Download the official app and install it on your device.

Create an Account: After installing the app, launch it and create an account within the app.

During the registration process, make sure to use the phone number registered with your BVN (Bank Verification Number).

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This is crucial because an OTP (One-Time Password) will be sent to this number for verification purposes.

Fill in Your Personal Information: Once you’ve created an account, provide the necessary personal details as required by the app, including your full name, date of birth, and other relevant information. Make sure to input your BVN accurately.

Link Your ATM Card: As part of the registration process, you’ll need to link your ATM card to your CreditWise account.

This step is mandatory, and there will be a fee of N30 charged to validate the authenticity of the card. However, this fee is refundable.

OTP Verification: After linking your ATM card, an OTP code will be sent to the phone number registered with your BVN. Enter this OTP code in the required field within the app.

Credit Score Analysis: Once you’ve submitted your loan application, the app’s software will analyze your credit score, and the results will be displayed within the app.

This analysis helps determine your eligibility and the loan amount you can access.

Identity Verification: To ensure the security of your application, the app will require you to take a clear live selfie.

This selfie will be used to verify your identity. Make sure to use a smartphone with sufficient memory to capture and upload the selfie.

Loan Terms and Amounts: Based on various factors, including your credit score, you’ll be presented with loan term options and the corresponding interest rates.

You can choose the term that suits you best. For example, if you select a loan term of three months and borrow NGN20,000, the service fee and interest rates will be calculated accordingly.

Repayment: Once your loan is approved, it’s essential to note the repayment terms.

The CreditWise app will provide you with information about your repayment schedule, including the total amount to be repaid.

CreditWise Customer Care Contact Information

If you need to get in touch with CreditWise customer care, you can reach out to them through the following channels:

Email: support@creditwise.loans

Additionally, if you prefer face-to-face communication, their office is located at 23a Moleye Street, Alagomeji-Yaba 234-01, Lagos, Nigeria.

FAQs On Creditwise Loan Nigeria, Reviews, How to apply, Interest Rate and Customer Care Number

Here are some helpful frequently asked questions on Creditwise Loan Nigeria, Reviews, How to apply, Interest Rate and Customer Care Number with their respective answers: