Are you employed by the Federal government in Nigeria or is your company part of the remittal payroll or the human resources platform? Credit Wallet is a registered money lender under the Lagos state government that can provide immediate loans to workers who meet the required requirements.
Being a part of any of these organizations is not the first step, but there are more actions to be taken that will be explained throughout this piece.
Let’s take an examination of the reason why millions of Nigerians consider personal loans as a solution when faced with an urgent need.
If you are not using it for other reasons the possibility of having the means to solve your financial problems without the need for collateral or security is a good thing. The majority of banks want to lower their risk by having you go through a rigorous procedure and requiring collateral to protect the loan. However, the times have changed and some banks are providing personal loans.
Another factor to take into consideration is the low-cost credit provided through credit wallets. This can greatly assist in reducing the cost of loans. If a business offers loans with extremely low interest it allows borrowers to reduce the amount of time needed to pay off their debts and decreases their interest.
Personal loans generally are a good option for people who have a good credit score. Bad credit history could have a negative impact on the loan application, and it might be offered with a high-interest rate. The loan providers are clear about their offers at the beginning. Be aware of the rate prior to taking on the loan.
Table of Contents
Credit Wallet Eligibility and Requirement
It is a Credit-Wallet loan that is available to Federal employees from Nigeria who are certified under IPPIS or Remita.
Where can I get the software? – Credit Wallet App
The Credit Wallet loan app is accessible through the Google Playstore and is available to all Nigerian residents. It has more than 5K+ downloads and in addition to a 2.5-star rating and + 20 reviews.
How You Can Apply For a Credit Wallet Loan
- Click on the Credit Wallet application page.
- Enter the amount you’d like to borrow as well as the preferred time for repayment ( A breakdown of your loan that outlines the amount you want the duration, repayments per month dates, loan start/end dates, and the amount of interest daily will be shown)
- Then, you’ll be asked to fill in your personal details, including name, title, first/last names DOB, gender, and referral code (optional however applications that include referral codes will be processed quicker)
- In addition, you are required to supply your contact details i.e. your email address, telephone number, address for your home as well as state and city.
- In addition, enter your details regarding employment i.e. the place of employment IPPIS no pay bank name, salary bank name, along with your bank account’s reference number.
What Are The Limits Of Credit Wallet Loans?
Credit Wallet loan is available with the possibility of a loan with a minimum amount of N20,000 and an amount up to N1,000,000
Credit Wallet Loan Interest Rate
Credit wallet is able to earn a fixed monthly interest rate of 7.5 percent
Credit Wallet Loan Repayment Duration
What is the repayment duration credit-wallet loan is repayable over a period of 12 months
Of course, it’s crucial to know the amount you can have access to on your credit wallet. In contrast, to snapcredit, the credit wallet is open to the amount you can spend.
If you are a salaried employee you could have access to money from N30,000 and N500,000, based on your income per month. Credit wallet loans are repayable within 3 to 12 months without collateral needed to secure the loan. The interest rate for credit direct loans is 0.25 percent per day.
Do not be concerned about the method of making an installment, there’s an option to do this. It’s done this way; a partial payment is collected each month up to the day that has been agreed to expire. If the system does not debit the account, you will be informed on how to transfer money into their bank account.
Make sure you were contacted by the credit wallet official number for mobiles. If you are unsure inquire through the official channels of the credit wallet company.
What Are The Credit Wallet App Permissions?
The Credit Wallet app provides access to:
Calendar -view the calendar and get secret information, modify or add calendar events, and send emails to guests with no owner’s knowledge
Phone – It reads the state of the phone and identifies it
Contacts – Read your contact information
Storage – Read all the data in your USB storage device and alter or erase what’s inside your USB storage
Wi-Fi Connection Info – It views Wi-Fi connection info
Location – Approximate geographical location (network-based) and exact place (GPS or network-based)
Identification of the device and call details including phone status and identify
Microphone – record audio
Photos, Media, or Files – access what’s inside your USB storage and edit or erase any files or photos stored on your USB storage
Camera – Take photos and videos
Other
- Manage document storage
- Access data from the Internet
- Read about Google service configuration
- Check the network connections
- Draw on other applications
- Start the run at the beginning
- Modify the system settings
- Change your audio settings
- Install shortcuts
- Control Vibration
- Access to the full network
Credit Wallet Loan Contacts
- Phone: +234 708 569 8828
- Facebook: @Credit-Wallet
- Twitter: @creditwalletng
- Instagram Creditwalletng
Conclusion
Credit Wallet is determined to provide financial aid to those who require it the most. It is possible to apply for a Credit Wallet loan from the convenience of your home at any time during the week or day.
The credit Wallet loan application is available through Princeps Finance. It is a Credit Wallet loan app is accessible through the Google PlayStore and is available to all Nigerian residents. It has more than 5K+ downloads, in addition to the 2.9/5 rating with over 20 reviews.