True Naira Loan App: How To Apply, Requirements And Benefits

True Naira Loan App
True Naira Loan App

True Naira is a mobile lending app that offers short-term loans to Nigerians. The app was launched in 2021 and has since grown to over 1 million downloads. True Naira offers loans ranging from NGN2,000 to NGN300,000 with repayment periods of 91 to 365 days. The interest rate on True Naira loans is typically around 30%.

To qualify for a loan from True Naira, you must be a Nigerian citizen, over the age of 18, have a valid bank account, and a smartphone with an internet connection. You will also need to provide some basic personal information, such as your name, address, and phone number.

The application process for a True Naira loan is quick and easy. Once you have downloaded the app, you can create an account and submit your application. True Naira will review your application and let you know if you are approved within minutes. If you are approved, the funds will be deposited into your bank account immediately.

True Naira loans can be used for a variety of purposes, such as paying for unexpected expenses, covering medical bills, or consolidating debt. However, it is important to note that True Naira loans are not a long-term solution for financial problems. If you are struggling to make your payments, you should contact True Naira customer service immediately.

How To Apply For A True Naira Loan

Here are the steps on how to apply for a True Naira loan:

  1. Download the True Naira app from the Google Play Store or the Apple App Store.
  2. Create an account and provide the following information:
    • Your full name
    • Your email address
    • Your phone number
    • Your BVN
    • Your NIN
    • A valid means of identification (e.g., voter’s card, driver’s license, or passport)
  1. Upload a clear photo of your identification document.
  2. Provide information about your employment status and income.
  3. Apply for a loan by specifying the amount you need and the repayment period.
  4. Wait for True Naira to review your application. If approved, the funds will be deposited into your bank account within 24 hours.

Here are some of the requirements for a True Naira loan:

  • You must be a resident of Nigeria.
  • You must be at least 18 years old and not older than 60 years old.
  • You must have a valid bank account in Nigeria.
  • You must provide your BVN and NIN.
  • You must have a valid means of identification.
  • You must have a stable source of income.

The interest rates for True Naira loans range from 16% to 21%. The repayment period is between 91 and 365 days. You can build your loan limit by repaying your loans on time.

Here are some of the benefits of getting a True Naira loan:

  • You can get a loan quickly and easily, without having to visit a bank.
  • You can get a loan even if you have bad credit.
  • You can get a loan for a variety of purposes, such as paying for unexpected expenses, starting a business, or consolidating debt.
  • The interest rates are relatively low.
  • The repayment period is flexible.

If you are looking for a quick and easy way to get a loan in Nigeria, True Naira is a good option to consider.

How Does True Naira Work?

True Naira is a mobile lending app that provides quick and easy loans to Nigerians. To apply for a loan, you must download the True Naira app from the Google Play Store or Apple App Store. Once you have downloaded the app, you will need to create an account and provide some basic information about yourself, such as your name, email address, phone number, and bank account details. You will also need to provide a copy of your ID card or passport.

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Once your account has been approved, you can apply for a loan. The amount of money you can borrow will depend on your credit score and income. True Naira offers loans ranging from NGN2,000 to NGN 300,000. The interest rate on True Naira loans is 15% per annum. You will also be charged a processing fee of NGN1,000.

If your loan application is approved, the money will be deposited into your bank account within 24 hours. You will have a repayment period of 30 days to repay the loan. If you repay the loan on time, you will not be charged any late fees. However, if you miss a payment, you will be charged a late fee of NGN500.

True Naira is a legitimate loan app that is regulated by the Central Bank of Nigeria (CBN). However, there have been some complaints about the app’s high interest rates and aggressive debt collection practices. If you are considering applying for a loan from True Naira, you should carefully read the terms and conditions before you do so.

True Naira Loan App

True Naira is a mobile lending app that offers instant loans to qualified users in Nigeria. The app is available for download on the Google Play Store and has over 1 million downloads. True Naira offers loans between ₦2,000 and ₦300,000 with repayment terms of 91 to 365 days. The interest rate on True Naira loans is between 16% and 21%, which is lower than some of the other popular loan apps in Nigeria.

To apply for a loan from True Naira, you must be a Nigerian citizen between the ages of 20 and 60. You will also need to provide your name, email address, phone number, and bank account information. True Naira will use this information to assess your creditworthiness and determine whether you qualify for a loan.

If you are approved for a loan from True Naira, the funds will be deposited directly into your bank account within 24 hours. You can then use the funds for any purpose you need. True Naira does not charge any hidden fees, and you can repay your loan at any time without penalty.

Overall, True Naira is a legitimate loan app that offers quick and easy access to funds for qualified users. The interest rates are relatively low, and there are no hidden fees. If you are looking for a loan in Nigeria, True Naira is a good option to consider.

How To Download True Naira Loan App

Here are the steps on how to download the True Naira loan app:

  1. Open the Google Play Store app on your Android device.
  2. In the search bar, type “True Naira Loan”.
  3. Tap the “Install” button to download the app.
  4. Once the app is installed, open it and follow the instructions to create an account and apply for a loan.

Here are some of the requirements for applying for a loan from True Naira:

  • You must be a Nigerian citizen.
  • You must be between the ages of 20 and 60.
  • You must have a valid Nigerian ID card or passport.
  • You must have a bank account in Nigeria.
  • You must have a working smartphone with an internet connection.

True Naira offers loans ranging from ₦2,000 to ₦300,000 with repayment terms of 91 to 365 days. The interest rate for True Naira loans is 16% to 21% per annum.

 

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