NodCredit

100K+
Downloads
Content rating
Everyone
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About this app

NodCredit offers both employed and self-employed, business persons and corporates quick loans starting from N10,000 to N50,000 for first time borrowers. Returning customers can access upto 300,000.

Our Interest ranges from 1% – 16% per month. For multiple tenors accessible to returning customers we charge on reducing balance at lower interest.


# SIMPLE STEPS to get a loan on NodCredit:
1. Install NodCredit app
2. Sign up with your BVN. BVN spooled data will be used to pre-populate some of your personal data
3. Add your card (N20 will be charged for card tokenization) and bank account details
4. Apply for your loan
5. Wait for a few minutes.
6. If your loan is approved. You receive cash instantly in your provided bank account.


# UNIQUE FEATURES on NodCredit
- Pause Option: you can defer your repayment date for 30 days if you run into any financial difficulties. You can defer for as many times as possible.
- Custom repayment schedule - unlike the other lenders, we allow you settle your loan in split payments, pay parts of your loan whenever you have it.


# RATES AND FEES
NIGERIA: Loans range loans from 10,000 to 300,000
Repayment periods from 62 days to 180 days.
With an equivalent monthly interest of 5% – 16% and APR (Annual Payment Ratio) of 60% - 192%.
We do not offer any discount for early repayment
No hidden fees


#AN EXAMPLE OF A NODCREDIT LOAN (₦15,000):
Borrow ₦15,000 over 30 days
Interest (total cost of the loan): ₦15,000 (15% rate)
Monthly repayments: ₦17,250
Total amount payable: ₦17,250
Representative: 180% APR

#AN EXAMPLE OF A NODCREDIT LOAN (₦120,000):
Borrow ₦120,000 over 90 days
Interest (total cost of the loan): ₦120,000 (11% rate)
1st Monthly Repayment: ₦53,200
2nd Month Repayment: ₦48,800
3rd Month Repayment: ₦44,400
Total amount payable: ₦146,400
Representative: 132% APR

PS: Remember you can also pause the loan and defer payments for another month upon each maturity.


PRIVACY & PERMISSIONS
When you download NodCredit, we will ask for your permission to scan your financial location data and other information in order to verify your identity, creditworthiness, and provide you with an instant loan. We also use this to help you better understand and improve your finances with us. We take privacy seriously - all data you choose to share with us is encrypted and your personal data will never be shared without your consent.


# CONTACT OR VISIT US
We're always excited to hear from you! If you have any feedback, questions, or concerns, please e-mail us at info@nodcredit.com or find us on twitter & facebook!

Facebook:https://www.facebook.com/nodcredit
Twitter: https://www.twitter.com/nodcredit
Email:info@nodcredit.com
Website: https://nodcredit.com
Address:10a Iweanya Ugbogoh Crescent Lekki Phase I, Lagos. Nigeria.
Updated on
Apr 9, 2022

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What's new

Bug fixes and performance improvements