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iCredit Loan app - How do I apply for an iCredit loan?

iCredit Loan app – How do I apply for an iCredit loan?

iCredit Loan app – How do I apply for an iCredit loan? iCredit is an online loan service in Nigeria that offers flexible and secure loans ranging from N1000 to N50000 with no long lines, no long waiting times, and no collateral or guarantors. You can just run the whole process from start to finish on your smartphone and get a loan in your bank account in less than 5 minutes.

iCredit makes loan decisions by simply using your phone information, including your SMS history, to verify your identity and build a credit score.

What is iCredit?

iCredit is a digital lending platform that offers convenient and fast loans. They have different options available depending on where you live. Here are some of the top reasons people choose iCredit:

  • Fast Access to Funds: If your application and supporting documents are in order, you can get your loan approved and disbursed quickly, often within a day or two.
  • 100% Online Process: You don’t need to visit a physical branch; everything is done through their online app, available either on their website (iCredit Australia) or on the Google Play Store.
  • Flexible Repayment Options: iCredit lets you choose a repayment plan that fits your budget, keeping your finances manageable.

Am I Eligible for an iCredit Loan?

Before diving into the application process, it’s essential to make sure you meet the basic eligibility criteria:

  • Age: Depending on your region, you’ll usually need to be at least 18 years old.
  • Residency: You need to be a resident of the country where you apply for the loan.
  • Income: You must have a regular source of income, whether it’s from employment or a business.
  • Banking: You need a valid bank account where iCredit can deposit your loan funds.

How do I apply for an iCredit loan?

Obtaining an iCredit loan can easily be done online by:

  1. Install the iCredit Loan app using the steps below.
  2. Register an account.
  3. Fill in the basic information and submit the form.
  4. If you meet the credit status, you will receive the loan directly into your bank account.
  5. Your loan limit increases if you repay the loan on time.
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The whole process should not take more than 10 minutes.

Download iCredit Loan App: Download the iCredit Loan App to your mobile device (iOS and Android)

You can download the iCredit Loan app from your mobile device app store like Google Play Store or Apple App Store as it is the most remarkable and safe app store.

Download iCredit Loan App: App Features

  • Ability to check if you can get the best instant personal loan products available.
  • Request a mini loan immediately.
  • Easy refund options through Google pay, paytm, debit cards, Net Banking, UPI.
  • Keeps you updated on loan repayment and loan account details.
  • EMI verification, maturity date, and personal loan replication dates.
  • OCR technology to read AADHAR loan card numbers.

Download iCredit Loan App: Download the iCredit Loan App to your mobile device (iOS and Android)

  1. Visit your official mobile app stores, such as the Apple app store for iOS users or the Google Play Store for Android users.
  2. In the search input box, type the keyword for the app, in this case, “iCredit Loan app” and tap Enter.
  3. This will load an app page, tap the app with the correct name.
  4. This action will open a detailed page about the iCredit loan app, tap the install button to install it on your mobile device.

Types of Loans Available in the iCredit Loan app

  • Mortgage
  • Direct personal loan
  • Mobile phone loans
  • Sustainable consumer loans
  • Loans against guarantee
  • Car loan
  • Loans on two wheels
  • Travel loans
  • Medical loans
  • Mini money loan
  • Credit card loan

iCredit Loan interest rate

The interest rate offered on your loan should be between 5 and 30% per month, with an advertised one-time interest rate between N1000 and N6000.

Example showing the total cost of the loan:

  • If you apply an amount of ₦ 4,000 on March 22, 2024, with a total loan of 91 days (45 days 1st installment and 46 days 2nd installment).
  • You will receive the loan amount of 4,000 yen on March 22, 2024.
  • The due date of the 1st installment is May 5, 2024, with a value of 2,000, interest of 90, and origination fees of 810, the repayment due is 2,000 + 90 + 810 = 2,900
  • The due date of the 2nd installment is June 20, 2024, with a value of 2,0002,000, interest of 46, an origination fee of 414, the repayment due is 2,000 + 46 + 414 = 2,460
  • Total depreciation must be 1st installment with overdue depreciation 2,900 + 2nd installment with overdue depreciation ₦ 2,460 = ₦ 5,360.
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Note: Expect both loan amount and loan stability to be significantly lower as individual interest rate, loan amount, and loan stability are calculated based on the applicant’s credit score and credit quality. Have a good credit score and repay the loan on time to qualify for higher amounts. Find out why loan applications limit money for new borrowers and how you can increase your loan limits.

Benefits of iCredit Loans

  1. Loan amount up to ₦50,000
  2. 5 minutes online loan approval
  3. Unsecured loan. Free registration. Calculating the loan limit is free.
  4. revolving credit line
  5. Easy loan in three steps
  6. Get a revolving credit limit

Revolving credit means that iCredit lends you a larger amount each time you pay off your previous loans. You only need to pay off your loans on time to be eligible.

Is iCredit Legitimate or Scam?

The iCredit loan is legit. Many customers testified that they got a loan from them. Read reviews from other customers on Google Play. However, this app will call your contacts and embarrass you if you default on your loan. iCredit needs permission to access your phone’s camera, location, storage, and contact list. The requested content is to provide KYC information (some of which is required to determine your creditworthiness) due to the lack of a centralized address verification database in Nigeria.

What happens if I default on my loan?

Delays in the repayment of loans automatically lead to a rate of 2% per day. It is therefore recommended not to exceed the best-before date. Paying back the loan on the due date gives you access to larger loans. Late payments affect your ability to obtain later or larger loans. If you are late with your payments, they will report to the First Central Credit Bureau. The First Central Credit Bureau blacklist may affect your ability to borrow from other lenders.

Eligibility for loans

  • The loan is exclusively for Nigerian citizens or Nigerian legal residents.
  • You must be between 20 and 60 years old.
  • You must have a verifiable source of monthly income.

iCredit Customer Service Number

To contact customer service,

Please call!


Office Address: 9 Oluwole Omole Street at Esomo Street at Toyin Street Ikeja. Lagos Ikeja, 100001, Lagos, Nigeria

My Personal Experience with iCredit

I wanted to share a bit of my own journey with iCredit loans. A few years ago, I faced an unexpected car repair that I didn’t have the funds for immediately. A friend recommended iCredit, and I decided to give it a try.

The application process was surprisingly simple. I filled everything out online and uploaded the necessary documents directly from my phone. Within two days, the loan was approved, and I had the money for my repairs. The flexible repayment plan made it easier for me to pay back the loan comfortably without straining my budget.

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Of course, everyone’s situation is different, but iCredit’s online loans have definitely been a positive in my experience when I needed some quick financial help.

Alternatives to iCredit

While iCredit is a convenient choice for many, it’s valuable to explore other online loan providers. Here are a few popular alternatives, along with some of their key features:

  • Branch: Branch is a popular international lending app offering quick loans with a streamlined application process. They often feature flexible repayment periods and competitive interest rates.
  • FairMoney: Specifically for those in Nigeria, FairMoney provides various personal and business loan options. They prioritize transparency and have clear guidelines on their fees and requirements.
  • Carbon (formerly Paylater): Carbon is known for its quick loan disbursements and user-friendly interface. In addition to loans, they offer other financial services such as bill payments and investment options.
  • QuickCheck: Another Nigerian lending platform, QuickCheck boasts simple applications and swift loan decisions. They cater to individuals and small businesses, offering varying loan amounts to suit different needs.

Important Considerations When Choosing an Alternative:

  • Eligibility: Ensure the lender operates in your country and that you meet their eligibility criteria.
  • Interest Rates and Fees: Carefully compare interest rates, processing fees, and any other potential charges across different lenders.
  • Loan Amounts: Consider how much you need to borrow and ensure the lender offers loan amounts that align with your needs.
  • Repayment Terms: Look for platforms that offer flexible repayment options that fit your financial situation.
  • Reviews and Reputation: Read online reviews and testimonials to gauge the platform’s reliability and customer experience.

Making the Right Choice

Finding the best iCredit alternative comes down to your individual needs and circumstances. Take some time to research each of the mentioned platforms; check their websites, read reviews, and compare their features against what you need as a borrower.

Things to Keep in Mind

While online loan apps like iCredit offer convenience and flexibility, remember:

  • Borrow Responsibly: Only take a loan if you’re confident you can manage the repayments.
  • Compare Options: Explore different lenders to find the best interest rates and terms for your situation.
  • Read the Fine Print: Always carefully review the loan agreement before signing to fully understand all the associated costs and conditions.


If you find yourself needing a quick financial solution, iCredit could be a good option to consider. Their online application process, fast turnaround times, and flexible repayment plans make them accessible for many people. As with any financial decision, do your research, understand the costs, and borrow wisely.

I am Mr. 9jaboizgist, a dedicated content writer and the proud owner of 9jaboizgist, a versatile blog covering a wide array of topics. With a passion for blogging and a knack for delivering up-to-the-minute information, I specialize in curating engaging content in the fields of technology, business, finance, banking, loans, insurance, and the Internet.