An programme called Mama Credit Loan provides loans to Nigerian citizens between the ages of 20 and 55. The loan application procedure is made simple, enjoyable, and completely stress-free by the app.
With loan terms varying from 61 days to 365 days, Mama Credit provides loans with amounts ranging from $5,000 to $200,000.
You must fulfil the following criteria in order to submit an application for a credit with Mama Credit:
You must live in Nigeria.
The required age range is 20 to 55.
Interest Percentage on Loans
The interest rate for Mother Credit ranges from 12% to 25% annually.
The risk profile of the customer and the length of the loan decide the interest rate. There is no fee for the service.
An illustration of how the interest rate is determined is given below:
The daily interest rate is 15%/365=0.041% if you ask for a loan of 30,000 with a term of 180 days and an annual interest rate of 15%. The interest is calculated as follows: 30,000/15%/365/180 = 2,214. The entire amount repaid is 32,214 ($30,000 + $2,214).
How to Apply for a Loan through Mama Credit
It’s simple to apply for a credit with Mama Credit. The stages are as follows:
- From the Play Store, download the Mama Credit Loan app.
- Make a profile.
- Choose the product for which you want to register.
- Directly deposit the money into your bank account.
How to Speak with Customer Service at Mama Credit
You can email Mama Credit’s customer service at [email protected] or stop by their office at No. 4 Jolayemi Samuel Street VI Lagos if you need more details or have any questions or ideas.
How to Install the Mama Credit Loan Application (apk)
These steps should be followed to obtain the Mama Credit app:
- Head over to the Google Play Shop.
- Look up Mama Credit.
- Launch the application by clicking on it.
- Hold off until the work is finished.
If you live in Nigeria and are looking for a stress-free credit application process, Mama Credit is a fantastic choice.
The app is made to meet your unique requirements with a variety of loan amounts and terms.
The app is a great option for anyone looking for a loan thanks to its user-friendly interface, fast and simple loan application process, and affordable interest rates.
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