Nodcredit 4+

Nodens Nigeria Limited

    • Free

Screenshots

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.

What’s New

Version 1.3.7

Bug fixes and performance improvements

Ratings and Reviews

2.8 out of 5
91 Ratings

91 Ratings

Beemah D ,

Issues with getting a loan

The app keeps asking for my location and permission to other things I’ve tried but it’s not working

queen mandy111 ,

Nice user experience but....

I really have no complaints about this app. It’s so efficient and reliable and the WhatsApp customer care agent has been of the best skills. However, for up to seven months now, I applied for the fourth loan in the app and ever since, my application has been pending with the explanation that the app isn’t lending to it customers at the moment but a friend of mine that also has the same app on the her phone, seems to be borrowing from the app effortlessly. So I need answers pls... was I particularly locked out from borrowing from the app? I did not default or delay any payment on all the previous loans I took.

fastidious dubz ,

Can’t access the app

I can’t access the app
I registered with web and app
But the web went first
Now the app won’t go past the verification place
I deleted the app and reinstalled and it’s still the same thing

App Privacy

The developer, Nodens Nigeria Limited, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Location
  • Contacts

Privacy practices may vary based on, for example, the features you use or your age. Learn More

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