🇳🇬 TrueNaira Loan App - How To Apply, Repay, Interest rate, Contacts.
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TrueNaira loan app is a product of Grola Tech Credit Limited and is among the digital loan apps in Nigeria that have been approved by the FCCPC. TrueNaira has 1M+ downloads and 7.19K+ reviews and 3.2/5 star rating since its release date into the playstore on June 2021
TrueNaira Loan Requirements/Eligibility Criteria
TrueNaira is available to Nigerian residents between the ages of 20-60 years
TrueNaira Loan App Registration & Application
To begin using the TrueNaira app, simply download and install it from the playstore.
Allow the app to access some of your phone information, complete the registration process and once registration is complete, proceed to apply for the loan.
Pros: Easy registration and application process
Cons: No option for future amendments to account number once registered on a device
TrueNaira Loan Amount Limits
TrueNaira loan amounts range from between ₦2,000 to ₦300,000
Pros 1: Approved loan amount is the same as the disbursed amount thus there are no prior deduction of service charges like other apps.
Pros 2: Timely repayments lead to loan limit increases
TrueNaira Loan Interest Rate
TrueNaira charges interest rate of between 25-30%
Cons: This interest rate is considered high
TrueNaira Loan Repayment Duration
TrueNaira provides 7 days for repayment
Cons 1: In some instances, repayments made do not reflect instantly due to delayed network
Cons 2: Overdue amounts attract extra charges
Cons 3: Duration is too short in comparison to other lenders
TrueNaira Loan Contact
Lekki, Lagos, Nigeria
Tel: +234 7048057921