Floatr Loan App Download, is it Legit? Interest Rate

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Floatr Loan is your trusted companion when you need instant microloans. With their user-friendly app, you can enjoy quick loan approvals, flexible repayment terms, and a seamless borrowing experience.

Whether you’re facing unexpected expenses, dealing with emergencies, or pursuing personal projects, Floatr is here to provide you with the funds you need.

In this comprehensive blog post, we will explore the interest rates, requirements, application process, app download, customer care contact, and the legitimacy of Floatr Loan.

Interest Rate on Floatr Loan

When borrowing from Floatr Loan, it’s important to understand the interest rates involved.

The interest rate can vary depending on the loan you choose. For instance, Floatr offers a range of interest rates from 1% to 10%, depending on the specific loan product.

However, it’s crucial to note that interest rates can change over time. Therefore, before accepting any loan offer, make sure you are aware of the interest rate and the total amount you will need to repay.

Let’s take a closer look at an example scenario to understand the breakdown of costs.

Example Scenario:

Let’s consider a 91-day loan with an interest rate of 7%. If you borrow NGN 5,000, the interest would amount to NGN 350, and there would be a platform fee of NGN 1,500. As a result, the total amount due at the end of the loan term would be NGN 6,850.

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Remember, interest rates are calculated daily, which contributes to an annual percentage rate (APR) falling within the range of 36.5% to 360%.

Requirements

To be eligible for a Floatr Loan, you need to meet certain criteria. The following requirements apply:

  1. Nigerian Citizenship: You must be a citizen of Nigeria to access Floatr Loan services.
  2. Valid BVN: A Bank Verification Number (BVN) is necessary to verify your identity and prevent fraudulent activities.
  3. Age Range: Users must be between the ages of 20 and 55 years old to qualify for microloans.
  4. Source of Income: Floatr Loan requires borrowers to have a source of income to ensure repayment capabilities.

By meeting these requirements, you increase your chances of approval and gain access to microloans through Floatr.

How to Apply for Floatr Loan

Applying for a Floatr Loan is a hassle-free process. Follow these steps to start your application:

  1. Download the app: Visit the official app store on your mobile device and download the Floatr app. Be cautious and avoid downloading loan apps from unofficial sources to protect your personal information and financial security.
  2. Create an account: Open the Floatr app and sign up by providing the necessary information, such as your name, phone number, and email address. Set a secure password to protect your account.
  3. Complete the application: Once your account is set up, follow the prompts within the app to complete your loan application. Provide accurate details about your income, employment, and other required information.
  4. Submit the application: Review your application for accuracy and submit it through the Floatr app. The Floatr team will promptly review your application.
  5. Loan approval: If your application is approved, you will receive a notification within a short period of time. The approved loan amount will be disbursed to your designated bank account.
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Enjoy the convenience and speed of Floatr Loan’s instant approvals without the hassle of lengthy paperwork or credit checks.

Floatr Loan App Download

To access their Loan services, you must download the official Floatr app from the authorized app store on your mobile device.

We strongly advise against downloading loan apps from unofficial sources or third-party app stores. These sources may pose risks to your personal information and financial security. Stay safe by only downloading the Floatr app from the official app store.

How to Contact Floatr Loan Customer Care

If you require assistance or have any questions regarding your Floatr Loan application or any other concerns, you can contact Floatr Loan customer care.

You can reach out to customer care through the Floatr app itself. Look for the “Contact Us” or “Support” section within the app to find the appropriate channel for communication.

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The customer care team will be ready to provide the necessary support and guidance to address your concerns.

Is Floatr Loan Legit?

Floatr Loan is a legitimate loan service provider dedicated to offering a convenient and reliable microloan solution.

However, it’s important to remember that companies can evolve over time, and it’s always recommended to exercise due diligence when dealing with any financial service provider.

Before applying for a loan or sharing personal information, make sure to thoroughly research and verify the legitimacy of the company. Ultimately, the choice to engage with Floatr Loan is yours, and you should proceed at your own discretion.

Conclusion

In conclusion, Floatr provides you with quick and accessible microloans through their user-friendly app. With competitive interest rates, flexible repayment terms, and a hassle-free application process, Floatr aims to simplify your borrowing experience.

By meeting the eligibility requirements and following the simple application steps outlined in this article, you can secure the funds you need swiftly and conveniently. Download the Floatr app from the official app store, and if you have any questions, reach out to their customer care within the app.

Remember to deal with financial services responsibly and always review the terms and conditions before accepting any loan offer. Floatr Loan is here to provide you with the financial assistance you need, when you need it!

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.

1 Comment

  1. Pls I really need fhe contact of floatr loan customer service number since last month I paid I can’t reapply

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