Nodcredit 1.3.7
Continue to app
Free Version
Publisher Description
NodCredit offers both employed and self-employed, business persons and corporates quick loans starting from N10,000 to N50,000 for first time borrowers. Returning customers can access upto 300,000.
Our Interest ranges from 1% – 16% per month. For multiple tenors accessible to returning customers we charge on reducing balance at lower interest.
# SIMPLE STEPS to get a loan on NodCredit:
1. Install NodCredit app
2. Sign up with your BVN. BVN spooled data will be used to pre-populate some of your personal data
3. Add your card (N20 will be charged for card tokenization) and bank account details
4. Apply for your loan
5. Wait for a few minutes.
6. If your loan is approved. You receive cash instantly in your provided bank account.
# UNIQUE FEATURES on NodCredit?
- Pause Option: you can defer your repayment date for 30 days if you run into any financial difficulties. You can defer for as many times as possible.
- Custom repayment schedule - unlike the other lenders, we allow you settle your loan in split payments, pay parts of your loan whenever you have it.
# RATES AND FEES
# NIGERIA: Loans range loans from 10,000 to 300,000 with terms from 62 days to 180 days.
With an equivalent monthly interest of 1% – 16% and APR (Annual Payment Ratio) of 12% - 96%.
LOAN / REPAYMENT SCENARIO:
- If your loan is for 3-months and your borrowed N150,000, if NodCredit charges you a returning customer interest rate of 10% per month on your reducing balance. You will pay;
- 1st month: N65,000
- 2nd month: N60,000
- 3rd month: N55,000
This is a gross interest rate of 20% and an equivalent monthly interest of 6.6% for each month on your fixed balance of 150,000.
PS: Remember you can also pause the pause and defer payments for another month.
Apr 10, 2022
Version 1.3.7
Bug fixes and performance improvements
About Nodcredit
Nodcredit is a free app for iOS published in the Accounting & Finance list of apps, part of Business.
The company that develops Nodcredit is Nodens Nigeria Limited. The latest version released by its developer is 1.3.7.
To install Nodcredit on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2022-04-10 and was downloaded 166 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Nodcredit as malware if the download link is broken.
How to install Nodcredit on your iOS device:
- Click on the Continue To App button on our website. This will redirect you to the App Store.
- Once the Nodcredit is shown in the iTunes listing of your iOS device, you can start its download and installation. Tap on the GET button to the right of the app to start downloading it.
- If you are not logged-in the iOS appstore app, you'll be prompted for your your Apple ID and/or password.
- After Nodcredit is downloaded, you'll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished you can tap on the OPEN button to start it. Its icon will also be added to your device home screen.
