Galaxy Credit Loan, is Galaxycredit legit?

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Galaxy Credit Loan is one of the latest in the line of online loan apps in Nigeria. Designed to streamline the process of obtaining cash loans, Galaxy Credit strives to cater to the financial needs of our Nigerian customers in an efficient and user-friendly manner.

In this post, we will explore the intricacies of Galaxy Credit loans, ranging from interest rates and eligibility criteria to the application process and customer care options.

Galaxy Credit Interest Rate

Galaxy Credit presents an array of attractive features that cater to varying financial needs. For instance, loan amounts range from ₦2,000 to ₦1,200,000, providing borrowers with a wide spectrum of borrowing options.

Repayment periods extend from 90 to 360 days, granting borrowers ample time to manage their financial commitments.

When delving into the realm of interest rates, it’s vital to note that they can evolve over time. It is imperative for prospective borrowers to verify the specific interest rates associated with any loan offer before proceeding.

To aid in understanding, let’s consider an example. Imagine a scenario where the principal loan amount is ₦80,000, the repayment period spans 90 days, and the origination fee rate is 6%.

In this case, the daily rate of the origination fee would amount to 0.0667%, translating to a monthly rate of 2% and an annual rate of 24.3455%.

The total origination fee for this example would be ₦4,800, resulting in a total amount payable of ₦84,800 before the due date.

Eligibility Criteria for Galaxy Credit Loans

Galaxy Credit extends its financial support to Nigerian residents, with the following prerequisites for loan eligibility:

  1. Nigerian Residency: Loan applicants must be residents of Nigeria.
  2. Age Requirement: Applicants need to be at least 18 years of age.
  3. Valid Bank Account: A valid bank account is essential for loan disbursement.
  4. Monthly Income: Possessing a consistent source of monthly income is a key criterion.

Application Process

Acquiring a loan through Galaxy Credit is designed to be a hassle-free journey. The application process unfolds in a few simple steps:

  1. Account Registration: Begin by creating a Galaxy Credit account using your Nigerian phone number.
  2. Submit Brief Information: Provide the necessary details to determine your loan limit.
  3. Loan Application: Apply for the desired loan amount.
  4. Bank Account Integration: Link your bank account to facilitate seamless fund transfer.
  5. Timely Repayment: Ensuring repayment before the due date ensures a smooth process.

Caution Against Unofficial App Stores

While acquiring the Galaxy Credit app is a crucial step in accessing their services, it’s essential to exercise caution. Downloading loan apps from unofficial sources can expose you to security risks and potential scams.

To guarantee a secure experience, ensure that you only download the Galaxy Credit app from authorized app stores.

Connecting with Galaxy Credit Customer Care

In scenarios where you need assistance, reaching out to Galaxy Credit’s customer care is effortless. The company provides the following contact options:

  • Whatsapp: Contact them at +2348172865363
  • Email: Reach out via

For those seeking in-person assistance, the company’s physical address is Otigba St, Ikeja 101233, Ikeja, Nigeria.

Is Galaxy Credit legit?

While Galaxy Credit currently stands as a reliable loan provider, it’s vital to acknowledge that the financial landscape can evolve. Changes in company policies or operations can occur over time.

It’s advisable for potential borrowers to exercise their own discretion and conduct due diligence before engaging with any financial institution. Personal financial decisions should always be made with care and consideration.

In conclusion, Galaxy Credit offers a promising avenue for Nigerian residents seeking efficient access to cash loans.

With transparent interest rates, clear eligibility criteria, and a user-friendly application process, Galaxy Credit presents an appealing solution for financial needs.

Remember, financial responsibility is paramount, so always ensure you fully comprehend the terms and conditions of any loan before proceeding.

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.

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