Vibecredit

Vibecredit is an application that facilitates online loan applications with a focus on security, efficiency, and transparency.

Loan Product Information:

• Loan amount: ₦30,000 to ₦300,000
• Loan term: 120 days to 360 days
• Interest rate: 24% annualized interest rate
• Processing Fee: ₦60 ~ ₦2,000 as a one-time charge depending on the loan tenure and amount
• GST: 18% of the Processing Fee in compliance with policy and laws
• APR: Up to 45% (Annual Percentage Rate including Interest, Processing Fee, and GST)

An example:

• Loan Amount: ₦10,000
• Tenure: 2 months with an interest rate of 25.55% per annum
• Interest = ₦10,000 * 25.55% / 365 * 91 = ₦637
• Processing Fee = ₦200
• GST = ₦200 * 18% = ₦36
• Repayment Amount: ₦10,873=₦10,000 + ₦637 + ₦200 + ₦36
• APR = (₦10,873 - ₦10,000) / ₦10,000 / 91 * 365 = 35.01%

How to use Vibecredit?

1. Download from the Google Play Store and register with your mobile number
2. Select the product you wish to apply for and provide your personal information
3. The final application result will be displayed in the app upon approval
4. Receive your loan directly into your bank account

Why choose Vibecredit?

• Transparency: Vibecredit is a registered online loan service under Nigerian law
• Instant Personal Loan: Access funds 24/7 from anywhere at any time
• Efficiency: We prioritize your needs by processing your loan application quickly without paperwork or hassle

Eligibility:

• Nigerian Resident
• Aged between 18-56 years old
• Source of monthly income required

Tips: Paying bills on time and establishing a good credit history can help increase your credit limit.

Contact us if you have any questions:

• E-mail: [email protected]