NCredit Loan Review

NCredit Loan: 9 Things To Know Before Taking A Loan From NCredit

NCredit offers quick cash  loan services to their users without collateral or guarantor required. The platform is designed to enable Nigerians to take an instant loan to meet their urgent financial needs.

customers can take up to  ₦800,000 instant loan from NCredit platform without stress. The application process is pretty simple hence making the whole borrowing process hassle-free.

Although NCredit offers collateral free loans with zero stress, applicants are required to meet certain eligibility criteria before they can take the loan hence it becomes imperative to understand their loan terms and conditions before opting for it and that’s what we shall be exploring in this post.

1. NCredit Loan Requirements

NCredit Loan Review

To qualify for loan offer at NCredit platform, applicants are expected to meet certain requirements. Once you meet the eligibility criteria, you can then go ahead to apply for the loan, the requirements are outlined below:

  • Applicants must be between the age range of 18 – 65 years.
  • Must have a Bank Verification Number(BVN).
  • Active phone number which will be used to contact you if there’s an emergency.
  • Must be a Nigerian,
  • Valid means of identification like driver’s license, National ID card, voter’s card etc.

2. NCredit Loanable Amount

The loan amount that an applicant can take from NCredit loan varies depending on the borrower’s credit score and creditworthiness.

However, the loanable amount that an applicant can take from NCredit platform ranges from  ₦3,000 – ₦800,000. The better your credit score the higher the loan amount you would get and vice-versa.

3. NCredit Loan Term

NCredit offers a flexible repayment plan that enables the borrower’s to repay the loan without breaking banks.

NCredit loan tenure ranges from 91 days and above. However, it is important to note that the longer the repayment plan chosen the higher the interest rate and vice-versa.

4. NCredit Loan Interest Rate

The interest rate of NCredit loan is not fixed since it is determined by the loan amount that the borrower chose and the loan term opted for.

Nevertheless, the Annual Percentage Rate(APR) of NCredit loans ranges from 2.5% – 20%.

5. NCredit Service Fee

Apart from the interest rate, NCredit also charges services for their loaning services. The NCredit loan service fee ranges from  0.1% – 0.5%

6. NCredit Loan Application Process

To apply for the NCredit loan, follow the steps below:

  • Visit Google Play Store to download and install the NCredit app if you don’t have it.
  • To get started, register with your details.
  • Fill the loan application form.
  • Choose the loan amount that is suitable for you.
  • Wait for review and subsequent approval or disapproval.
  • If your loan application is approved, the loan amount will be disbursed to the bank account chosen.


As it is with other lending platforms where repaying your loan on time helps to build good credit score and creditworthiness, the same thing is applicable to NCredit. Hence, ensure that you pay off your loan on time to build a good reputation with the platform.

7. NCredit Loan App Download

To download the NCredit loan app, follow the steps below:

  • Visit the official Google Play Store.
  • On the search back, type NCredit loan app.
  • Once you see it, click on it to download.
  • After downloading, click on install and that’s all.

8. NCredit Customer Service

If you would like to contact NCredit customer care unit for assistance, question or inquiry. You can reach out to them via the following handle:

Call: 08166181224

Email address:

9. NCredit Loan Review

As it is with other lending platforms where customers usually have diverse views about the financial services of lending companies, the same is applicable to NCredit loan platform because their users have different views about their loan services.

Some of their users expressed delight with the hassle-free registration and application process that the platform offers while some frowned about the long duration it takes for the loan application to be approved. Some users also expressed concern about the outright rejection of the loan application request without due consideration.

Our check on Google Play Store revealed that over 10k users have downloaded the NCredit loan app with 4.7 stars rating out of 5 stars from more than 1k reviews which is excellent for an app of its kind.

Some of the reviews from Google Play Store are outlined below

According to  YAHAYA ABDULLAHI: ‘’NCredit is easy-to-use, ultimately very reliable and distinguishes it from other loan apps. I love it with passion’’.

Another user, Olasinde Grace Abosede has this to say: ‘’The registration is fast and easy without stress though am yet to be disbursed but still give you 4 stars after disbursed i will give you the remaining star’’.

On the other hand, Jelilat Moshood has this to say: ‘’This application is very useless they rejected my loan after writing something good about them they’re very useless rubbish’’.

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