Bingo Loan: Reviews, Legit or Scam, Contact Details

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Bingo Loan is a new app on Nigeria that allows individuals to borrow money without stress. In this post, you’ll find all details like their interest rate, repayment, Requirements, etc.

What is Bingo Loan?

Bingo Loan is a Nigerian personal instant online cash loan app that provides loans ranging from ₦50,000 to ₦350,000.

The app offers a hassle-free and convenient way to access funds without the need for long queues, document preparation, or long approval times.

Loan Details

Bingo Loan offers loans with a term of 91 days to 365 days, and the daily interest rate is 0.0057%. The maximum annual interest rate APR is 20.55%.

The loan amount, total interest, and total amount are calculated based on the installment plan, principal amount, and interest rate.

For example, if you take out a 12-month loan with a principal of ₦100,000, the total interest would be ₦20,550, and the total amount due would be ₦120,550. The monthly interest rate would be 1.71%.

How to Apply for a Bingo Loan

To apply for a Bingo Loan, all you need is a smartphone and the Bingo Loan app. Follow these simple steps to apply for a loan:

  1. Download the Bingo Loan app and register an account.
  2. Fill out the loan application information.
  3. Submit the loan application.
  4. Wait for loan approval.
  5. The loan is deposited into your collection account immediately after approval.

Loan Eligibility

Bingo Loan considers several factors when assessing your loan eligibility, such as past loan performance, credit scores, etc.

It’s important to provide accurate information during the application process as any falsification may result in your loan application being rejected.

Conclusion

In conclusion, Bingo Loan offers a convenient and straightforward way to access cash when you need it most.

With a user-friendly app, reasonable interest rates, and quick approval times, Bingo Loan is a great option for anyone in need of a personal loan in Nigeria.

For more information, contact Bingo Loan at +234 8166698237 or bingoloan@outlook.com.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

3 Comments

  1. I just paid 50 naira to Ur acc but I still don’t have access to borrow and I have paid my dept

  2. You are promoting a bad product in your blog. I know of one thing that power without control is a colossal misgiving.

    This BIGO loan has gone has far as tarnishing my name after just few days of maturity and was having difficulty in repaying on time ,they send my details to contacts and social media and branded me “Debtor WANTED Criminal ” this happen even after me telling them that I will repay.

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