An app called Mama Credit Loan provides loans to Nigerian citizens between the ages of 20 and 55.
The loan application procedure is made simple, entertaining, and completely stress-free by the app.
With loan terms ranging from 61 days to 365 days, Mama Credit offers loans with amounts ranging from N5,000 to N200,000.
You must fulfill the following criteria in order to submit an application for a loan with Mama Credit:
- You must reside in Nigeria.
- The required age range is 20 to 55.
- Loan Interest Rate Mama Credit levies interest rates ranging from 12% to 25% annually.
The risk profile of the customer and the length of the loan influence the interest rate. There is no fee for the service.
An illustration of how the interest rate is determined is given below:
The daily interest rate is 15%/365=0.041% if you ask for a loan of 30,000 with a duration of 180 days and an annual interest rate of 15%. The interest is calculated as follows: 30,000/15%/365/180 = 2,214. The total amount repaid is 32,214 (N30,000 + N2,214).
How to Apply for a Loan with Mama Credit
It’s simple to apply for a loan with Mama Credit. The steps are as follows:
- From the Play Store, download the Mama Credit Loan app.
- Create a profile.
- Choose the product for which you want to apply.
- Directly deposit the loan into your bank account.
How to Speak with Customer Service at Mama Credit
You can email Mama Credit’s customer service at email@example.com or stop by their office at No. 4 Jolayemi Samuel Street VI Lagos if you need additional details or have any queries or recommendations.
The Mama Credit Loan App (apk) Download Instructions
These procedures should be followed to download the Mama Credit app:
- Head over to the Google Play Store.
- Look up Mama Credit.
- Install the application by clicking on it.
- Hold off until the installation is finished.
In conclusion, Mama Credit is a fantastic choice for Nigerian citizens looking for a hassle-free loan application process.
The app is made to accommodate your unique demands with a variety of loan amounts and terms.
The app is a great option for anyone searching for a loan because to its user-friendly layout, quick and simple loan application procedure, and affordable interest rates.