WeShare loan app is a Nigerian loan scheme for Android phone users offering free loans and brochures. If you are an Android user, you can apply for a free loan from a guarantee of N5,000 up to a maximum loan of N600,000 in a small book. The new WeShare rental app is in the industry and has received over 10,000 downloads in the Google Play Store with similar reviews.
It uses the loan application to collect information from potential customers including phone details, bank transactions, and BVN to determine the credit status of each lender. To qualify for a loan or more, make sure you have a good bank statement on your phone with no obvious charges on other loan applications!
The app is simple, you just need to download the app from the Google Play store, add some personal information, algorithms that analyze your information, calculate your credit score and give you a loan, all in a few hours.
Are WeShare Loans Right A Scam?
NO, the WeShare loan application is legitimate, even though the play store app is new, it offers customers loans, but you need to be careful before accepting an online loan. Regularly read reviews of other clients before applying for a loan in Nigeria. You should be aware that these loans are not registered or regulated by the CBN or any other Nigerian government agency. You are in charge of the security of your dealings with them, and there is no way you can pay for poor customer service. Its presence in the Google Play Store also puts its business at risk. The toy store offers only one download, you are responsible for your safety when using a credit application in Nigeria.
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What Weshare Rental Applications Can Be Upgraded?
WeShare rental app is better than most Nigerian rental apps available, but there is no room for promotion. This application has a loan offer, you can complete your application and qualify for the loan and still not receive their offer. It is not advisable to apply for an emergency loan.
Some customers complain that they do not receive their loan money even when it is approved, even though it may be due to the payment method they use instead of the app. If you have trouble paying, contact support. The process of borrowing is very short, starting at 14 days.
This is less than the 30-day minimum recommended by CBN for short-term lenders. Due to the lack of standards in Nigeria, many of these applications are lenders that can threaten to send messages to your family members proving that you are a fraud if you do not pay your bills. If you have other options, it is best to avoid these applications.
What are the Requirements?
To be a lawful citizen or resident in Nigeria you must be 18 years old. Have a monthly source of income. Add your credit card to your account Please provide the contact details of your two relatives, including their phone numbers. Have a good credit score with no outstanding loans from other lenders. Have a working bank account.
Your phone number will be linked to your BVN. Have a well-provided government ID. What happens if I can’t pay or pay too much? Repayment of the loan ultimately results in a 2% daily interest rate. So it is good that you do not miss the due date. Repaying the loan on time allows you to get a bigger loan. Early repayments will affect your ability to get another loan or larger. If you are behind on your payments, you will be contacted by the First Central Credit Bureau. The Central Credit Bureau’s initial blackout may affect your ability to borrow from other lenders.
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