Application Description:
Phoenix Credit is a Reliable loan app in Nigeria
**Phoenix Credit offers loans products.
Loan Products:
Minimum Period for Repayment: 91 days,
Maximum Period for Repayment: 365 days.
Loan Amount: From ₦1,000 to ₦50,000.
Interest ranges from 5% – 36% APR.
Origination fees range from ₦ 1000 - ₦ 6000 one-time charge,
Maximum Annual Percentage Rate (APR) includes interests plus processing fee is 365% ,
Minimum Annual Percentage Rate (APR) includes interests plus processing fee is 5%.
# Representative Example of the total cost of the Loan:
-If you apply amount ₦ 4,000 with total 91days (45 days 1st installment & 46 days 2nd installment) loan on 22 Mar 2021.
-You will get the loan amount ₦ 4,000 on 22 Mar 2021.
-The 1st installment due date is 5 May 2021 with amount ₦ 2,000, Interest ₦ 90 and origination fees ₦ 810, due repayment is 2,000+90+810=₦ 2,900
-The 2nd installment due date is 20 Jun 2021 with amount ₦ 2,000, Interest ₦ 46 and origination fees ₦ 414, due repayment is 2,000+46+414=₦ 2,460
-The total repayment should be 1st installment due repayment ₦ 2,900 + 2nd installment due repayment ₦ 2,460 = ₦ 5,360.
To apply for a loan, you just need to follow the steps below:
* Create your account
* Apply a loan
* Receive your loan straight into your bank account
* Build your loan limit every time you repay a loan
KEY FEATURES OF PHOENIX CREDIT: FAST & RELIABLE LOAN IN NIGERIA
Privacy and Permissions: Phoenulix credit makes getting a personal loan simple by using the data on your phone including your SMS history to verify your identity and create a credit score. We encrypt the data you choose to share with us to protect your privacy. We take your privacy very seriously and promise to never share your information with third parties.
CONTACT US:
Email: help@phoenixcredit.ng
Address: ladoke street, complex 2 VI Lagos.
Category: Finance App
Developer: Orange valley
Updated : 17/04/2022.
Android V : 5.0+
App Version : 1.0
Download APK HERE (6.7MB)
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