OxLoan Review: Top Quick Loan Access

If you are looking for a very fast way to get quick loan Access, tapping into Oxloan would be the next action you can take to get a quick loan in Nigeria today direct to your Nigeria bank account.

Contents hide

1 OXLOAN APP REVIEW

2 IS OXLOAN APP SAFE

3 OXLOAN INTEREST RATE

4 HOW MUCH CAN I BORROW FROM OXLOAN APP

5 REQUIREMENTS TO GET A LOAN FROM OXLOAN LOAN APP

6 HOW TO APPLY FOR LOAN ON OXloan LOAN APP

6.1 Is Oxloan Legit?

7 IS OXLOAN LOAN APP LEGIT OR A SCAM

7.1 Bottomline

7.2 RELATED POST

OXLOAN APP REVIEW

With Oxloan app, you can get a loan of N5,000 to N200,000 with a repayment plan of 61 days to 365 days and you can stretch your loan repayment time on how you want to pay it back.

The loan that you can get from Oxloan would depend on your credit score after inserting your necessary information such as your mobile phone number for verification and your BVN which is very important before a loan can be disbursed to users.

IS OXLOAN APP SAFE

Oxloan app is very safe and secure. All your information is protected, privacy is guaranteed and transactions are secured.

OXLOAN INTEREST RATE

Loan Term: 61 – 360 days , Interest rate:16% – 23% APR , Loan Amount: Up to ₦ 200,000

There are no long queues, no long wait times, no collateral or guarantors needed. Just your smartphone and our loan app and you gain access to quick cash credited straight into your bank account.

For example:

If a customer borrows ₦9,000 for 180 days (6 months), the APR is 18%

So the total Interest would be 9000 NGN *18%*180/365 = 799 NGN.

The monthly payment would be (9000 NGN +799 NGN )/6 = 1633 NGN.

The total repayment amount would be 9799 NGN.

HOW MUCH CAN I BORROW FROM OXLOAN APP

You can borrow up to 100,000 naira.

REQUIREMENTS TO GET A LOAN FROM OXLOAN LOAN APP

To get a loan from the OXloan app:

You must reside in Nigeria
You must have a BVN
You must have a source of income
You must be between 20 to 55 years

HOW TO APPLY FOR LOAN ON OXloan LOAN APP

To borrow money from OXloan app:

Install the App, register, and log in,
Submit basic personal information to verify loan eligibility,
Submit an available loan application and wait for review.

Is Oxloan Legit?

Yes, you can trust Oxloan for your next loan, they are legit and ready to serve everyone that requests a loan using the app.

IS OXLOAN LOAN APP LEGIT OR A SCAM

Many people have asked if the OXloan app is legitimate or if it is a scam and that is what this post is about.

OXloan loan app is a legit and reliable app that lends money to people. To get a loan you just need to install the app, register on it by providing the necessary requirements then apply for a loan ranging from 1,500 naira and above.

Download Oxloan Loan App

Bottomline

The interest rate on the Oxloan app loan is, no doubt, cheap. However, considering the middle risk the company is also taking in giving out loans to people without collateral and the high possibility of default by the recipients, it may be justifiable. Limiting some people to a certain amount of loan may also be a way of minimizing its risks.