Mama credit Loan Review: Fast Cash Disbursement
With mama credit loan, You have no stress with a loan again, If you are looking out to get a loan with ease. Mama credit loan app is here is for you to serve you the best. They promise to have made your loan application enjoyable and totally stress-free.
Mama Credit loan is growing gradually since it offers loans of up to 200,000 which is what some small business owners need to start or kick start their small physical business in Nigeria today.
Mama credit already has over 50,000 downloads online and over 200 reviews when am writing this review, you can trust this app and request your next loan.
Mama Credit Loan Limit
You can get access to loans from ₦5,000 ~ ₦200,000 on Mama credit and they promise fast loan disbursement to their users.
Loan Term: the shortest loan term starts from 61 days, and the longest is 365 days
Loan interest: The loan interest rate depends on how much customers borrow and when choosen to pay back the loan, The interest rate starts from 12% to 25% per annum.
With zero Service charge: 0%.
If you apply for a loan on mama credit of ₦30,000, the term is 180 days and the annual interest rate is 15%. So the daily interest rate would be =15%/365=0.041%, the interest for 180 days =₦30,000×15%/365×180= ₦2,214, the totally repayment=₦30,000+₦2,214= ₦32,214.
If you choose a 12-month loan and borrow NGN 20,000, Naira Hub charges an interest rate of 2.08% per month. And the interest rate is 25%, and we would charge you GNN 5,000 as the interest for a 12-month repayment period. The total amount of repayment is NGN 25,000.
Mama Credit Loan Eligibility:
- Nigerian Resident
- 20-55 years old
- Nigeria Bank account
- Traceable address
- Have an income
Steps to take a Loan on Mama Credit:
- Download and Install the Mama credit APP from the Play Store.
- Create an account.
- Select the product you would like to apply for.
- Get Approval
- Receive a loan straight into your bank account.
is mama credit legit?
Mama credit loan app is very legit and over 50,000 people have already downloaded the app and enjoy the smoothness of the loan app in Nigeria today.
People that check this loan app also ask about Aje loan review
mama credit customer care number
For more information, content, or suggestions:
Reach out to us: at email@example.com
Mama Credit Contact Address: No 4 Jolayemi Samuel street VI Lagos