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WeCredit is a new loan app that has recently launched in Nigeria. In this post, we will take a look at how the app works, how to apply for a loan, and what our thoughts are on the service.

WeCredit offers loans of up to #5000 for first-time borrowers, and up to #100, 000 for returning customers. Loans are repaid over a period of 3 to 12 months, and there is no early repayment fee. To apply for a loan, you will need to provide some personal and financial information. WeCredit will then carry out a soft credit check, which will not affect your credit score.

If you are approved for a loan, the money will be deposited into your account within 24 hours. So far, we have been impressed with WeCredit. The application process is quick and easy, and the loans are reasonably priced. We would recommend this service to anyone who is looking for a short-term loan.

What is Wecredit?

Wecredit is a loan app that allows you to apply for a loan and track your progress. It is a convenient way to keep track of your finances and make sure you are getting the best possible deal on your loan. The app is free to download and use, and it is available for both Android and iOS devices.

To apply for a loan with Wecredit, you will need to provide some basic information about yourself and your current financial situation.

You will also need to provide your bank account information so that the app can connect to your bank and verify your identity. Once you have provided all of the required information, you will be able to see the different loan options that are available to you. You can then choose the loan that best suits your needs and apply for it through the app.

Once you have applied for a loan, you can track your progress through the app. You will be able to see how much money you have borrowed, how much money you still owe, and what the interest rate on your loan is.

You can also make payments through the app, which will help you keep track of your progress and make sure you are making timely payments on your loan.

How to apply for a Wecredit loan

To apply for a Wecredit loan, you’ll need to download the Wecredit app and create an account. Once you’re logged in, you’ll need to provide some basic information about yourself and your financial situation. This includes your income, expenses, and debts.

After you submit this information, Wecredit will review your application and determine if you’re eligible for a loan. If you are, they’ll provide you with a loan offer that includes the amount of money you’re eligible to borrow and the interest rate.

Once you accept the loan offer, Wecredit will deposit the money into your bank account within 24 hours. You’ll then have up to 12 months to repay the loan, plus interest.

What are the requirements for a Wecredit loan?

If you’re thinking about applying for a Wecredit loan, there are a few things you should know. First, Wecredit only offers loans to people with excellent credit scores. If your credit score is below 650, you will not be eligible for a loan from Wecredit. Second, Wecredit only offers personal loans, so if you’re looking for a business loan, you’ll need to look elsewhere.

Finally, Wecredit requires that you have a verifiable source of income before they will approve your loan. So if you’re self-employed or have other income that can’t be easily verified, you may not be able to get a loan from Wecredit.

What are the interest rates for a Wecredit loan?

The interest rates for a Wecredit loan vary depending on the loan amount and the repayment period. The minimum loan amount is $500 and the maximum loan amount is $5,000. The repayment periods are flexible and range from 6 months to 36 months. The Interest rates are as follows:

For loans between #5000 and #100,000, the interest rate is 9.99% p.a.
For loans between #100,000 and  #500,000, the interest rate is 14.99% p.a.

The interest rates for Wecredit loans are very competitive when compared to other personal loans on the market. For example, the average interest rate for a 3-year personal loan is currently 10.4% p.a., which means that a Wecredit loan could save you money in interest over the life of your loan.

How long does it take to get approved for a Wecredit loan?

It takes just a few minutes to complete the online application and you will receive an instant decision. If you are approved, you can expect to receive your loan funds within 24 hours.

Is there a Wecredit customer service number?

If you have questions about your Wecredit loan or need help with the application process, you can contact customer service by email or phone. The customer service number is 1-888-986-2739.

Email: customercare@wecredit.com

Hours of operation: Monday to Friday, 9am to 5pm

Conclusion

The Wecredit loan app is a great option for those looking for a quick and easy way to get a loan. The application process is simple and straightforward, and you can get approved for a loan in just a few minutes.

Best of all, the interest rates on Wecredit loans are some of the lowest around. If you’re in need of a loan, be sure to check out Wecredit.