TrueNaira – Get Online Loan in 1 Minute

TrueNaira Online Loan – Example Fees: For a borrower who receives a ₦2400 loan for a 91-day term, they would be charged an interest fee as low as 4.1%, which would be ₦98, making a total payment of ₦2498. The total repayment amount is ₦2498, including the loan amount of ₦2400, the interest fee of ₦98, and the service fee of ₦0.

  • Age between 20 to 60
  • Nigerian Citizenship

TrueNaira Online Loan App Offer:

  • TrueNaira Online Loan Amount: ₦2000 – ₦300,000
  • Loan Term: 91 – 365 days
  • Annual Interest Rate: 16% – 21%
  • Service Fee: 0

Steps to Apply for TrueNaira Online Loan:

  1. Create your account and apply for a loan
  2. Receive your loan straight into your bank account
  3. Build your loan limit every time you repay a loan

Details About TrueNaira

TrueNaira, the popular Nigerian stablecoin, has recently launched a new loan app, True Naira Loan, that allows users to access instant loans using their True Naira coins as collateral. In this article, we will explore what TrueNaira Loan is, how it works, and its potential benefits for Nigerian borrowers.

 

What is TrueNaira Online Loan?

TrueNaira Loan is a lending platform that enables TrueNaira users to borrow instant loans using their True Naira coins as collateral. It is built on the Ethereum blockchain and is accessible via the True Naira app.

The app is designed to provide users with quick access to loans without the need for lengthy paperwork, credit checks, or collateral requirements. It is an innovative solution that seeks to address the problem of financial exclusion in Nigeria by providing access to credit to underserved populations.

How does TrueNaira Online Loan work?

To use the TrueNaira Online Loan app, users need to have a True Naira wallet and a sufficient amount of True Naira coins to use as collateral. The loan process is simple:

  1. Download the True Naira app: Users can download the True Naira app from the Google Play Store or Apple App Store.
  2. Create an account: Users need to create an account on the app and complete the KYC verification process.
  3. Deposit True Naira coins: Users need to deposit their True Naira coins into their True Naira wallet to use as collateral.
  4. Apply for a loan: Users can apply for a loan by selecting the loan amount and term that they require.
  5. Approval: Once the loan application is approved, the loan amount is disbursed to the user’s TrueNaira wallet.
  6. Repayment: Users need to repay the loan amount plus interest within the specified repayment period. Failure to do so may result in the loss of their collateral.

What are the benefits of TrueNaira Online Loan?

  1. Quick access to credit: True Naira Loan offers users quick access to loans without the need for lengthy paperwork or credit checks. This can be especially beneficial for users who need emergency funds.
  2. No collateral requirements: True Naira Loan uses True Naira coins as collateral, which means that users do not need to provide any other form of collateral. This makes it an attractive option for users who do not have traditional forms of collateral, such as property or vehicles.
  3. Low-interest rates: True Naira Loan offers users low interest rates compared to traditional lending options such as banks and microfinance institutions.
  4. Transparent: True Naira Loan is transparent in its lending practices, and users can easily track their loan balance, interest rates, and repayment schedule through the app.
  5. Easy to use: The True Naira Loan app is easy to use, and users can apply for loans in just a few clicks.
  6. Financial inclusion: True Naira Loan has the potential to increase financial inclusion in Nigeria by providing access to credit to underserved populations.

Conclusion

TrueNaira Loan is an innovative lending platform that seeks to address the problem of financial exclusion in Nigeria by providing quick and easy access to credit using TrueNaira coins as collateral. It offers several benefits to borrowers, including low interest rates, no collateral requirements, and quick access to funds. TrueNaira Loan has the potential to transform the lending landscape in Nigeria and increase financial inclusion by providing access to credit to underserved populations.

Contact Us:

  • Message us on WhatsApp: +234 7048057921
  • Office Address: Lekki, Lagos, Nigeria.

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