New Credit Loan App Review – A Digital Currency Redistribution Platform

Table of Contents


New Credit Loan all promise users of loan up to NGN 300,000 in nigeria with New Credit.

Purposes for personal loans can include financing a large purchase, covering an emergency expense and consolidating debt. Personal loans, which are typically unsecured, are paid back in monthly installments with interest.

All loans consist of three components: The interest rate, security component and term and it must be comfortable with you before proceeding with any platform.

Getting a personal loan is a good idea if you have a stable income and a good credit score because you will then be offered a low rate of interest.


New Credit Loan App Advantages

  1. Loan up to NGN 300,000
  2. Without any mortgage
  3. Low interest rate
  4. Long time repayment
  5. Quick and safe


How to Take A Loan from New Credit 

  • Install the New Credit APP from the Play Store.
  • Register an account.
  • Select the product you would like to apply for.
  • Fill out your basic information, then submit the application.
  • Receive your loan straight into your  bank account.


New Credit Loan Statistics 

  • Loans Limit Range From NGN 5,000 to NGN 300,000
  • Loans Duration Ranging Between 91days to 180days
  • Loans Interest Rate: 14% to 24%, Equivalent Monthly interest 4%~4.7%, the Annual Percentage Rate (APR) on a Newcredit loan is 48%~56%

-Example:If you choose a 6-month loan and borrow NGN100,000, Newcredit charges an interest rate of 4.7% per month.  

Borrow NGN Interest Rate:  24% and The APR is 56%. 180 days Repayments of NGN 24,000. Total amount payment is NGN124,000


New Credit Loan Eligibility

  • Nigeria Resident
  • 20-55 years old