Mini Credit Loan

Mini Credit Loan: 5 Things To Know Before Taking A Loan From MiniCredit

Mini Credit is a Nigerian digital lending company that offers collateral free to their users. If you need an instant loan to meet your urgent financial needs, Mini Credit is always there for you.

Just like other lending platforms, before you can take a loan from Mini Credit, you’re expected to meet some certain eligibility criteria. Not only that, this lending company also has terms and conditions that are attached to their loans like interest rate, loan tenure etc. Hence, it is imperative to understand their mode of operation before taking a loan from them. 

The amazing thing is that the Mini Credit loan app is pretty easy to use because of its user-friendly interface. If you’re considering taking a loan from Mini Credit, this guide will be of immeasurable help to  you.

Let’s proceed with the discussion.

Eligibility Criteria For Mini Credit Loan

Mini Credit Loan

As we noted in the introduction, before you can take a loan from Mini Credit platform, you’re expected to meet the following requirements:

  • Must have a stable and steady source of income preferably salary.
  • The age range of 20 – 60 years.
  • Intending applicants must be resident in Nigeria.

2. Mini Credit Loan Amount

The loan amount that a user can take from Mini Credit ranges from N3,000 – N200,000.

However, as a new user, there is a high probability that you may not have access to a huge loan amount until you build trust with the platform. But for existing users who have built trust with Mini Credit, there are higher chances that they will get a higher loan amount.

3. Mini Credit Loan Tenure

The repayment plan for Mini Credit loans is relatively flexible but the earlier you pay off your loan the lesser the interest it will incur and vice versa.

The Mini Credit loan tenure ranges from 91 – 365 days.

4. Mini Credit Loan Interest Rate

The Mini Credit loan interest rate is not fixed because it is determined by the loan amount you borrowed and the repayment plan you opt for.

However, the Annual Percentage Rate (APR) of Mini Credit loans ranges from 12% -24%.

5. Mini Credit Loan Application Process

After checking the eligibility criteria and you’re eligible, the next thing is to apply for the loan bearing in mind their loan tenure, interest rate etc.

To apply for the Mini Credit loan, follow the simple steps below:

  • Download and install the MiniCredit app from the Google Play Store.
  • Register an account to proceed with the application.
  • Choose the loan amount that’s suitable for you.
  • Complete the loan application form by entering the relevant personal information, BVN and bank details.
  • Submit the application and wait for review.
  • If your loan application is approved, you’ll need to  E-sign the loan agreement terms.
  • Once you’re done with the E-signing, the approved loan amount will automatically be disbursed to your account and you’ll get an SMS notification.

Is Mini Credit Legit?

YES. Mini Credit is legit. It is one of the legitimate online lending services that offers instant loans to Nigeria.

However, since companies are liable to change, it is best to carry out independent research about a loan firm before opting for their services.

Mini Credit Customer Care

If you want contact Mini Credit customer unit for inquiry or question, you can reach out to them via their email address on

Mini Credit Loan Summary

All you need to know about Mini Credit loan is summarized in the table below:

Loan amountN3,000 – N200,00
Loan tenure91 – 365 days
Interest rate12 – 24% APR
Age range 20 – 60 years.
Table 1.1 Mini Credit loan summary

Bottom Line

Mini Credit is one of the reliable loan platforms in Nigeria that offers instant collateral free loans to Nigerians.  Their mobile app is pretty easy to use because of its user-friendly interface.

If you’re contemplating taking a loan from lending platforms, you may consider Mini Credit. You can reach out to them if you have any inquiry or question to ask.

Don’t forget to borrow responsibly and spend wisely.

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