How to borrow from Mama Credit Loan App Apk, Customer Care Details

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Mama Credit Loan is an app that offers loans to Nigerian residents between the ages of 20 and 55.

The app makes the loan application process easy, enjoyable, and totally stress-free.

Mama Credit offers loans ranging from ₦5,000 to ₦200,000, with a loan term that ranges from 61 days to 365 days.

Loan Requirements

To apply for a loan with Mama Credit, you need to meet the following eligibility requirements:

  • You must be a Nigerian resident.
  • You must be between the ages of 20 and 55.

Loan Interest Rate

Mama Credit charges an interest rate of between 12% and 25% per annum.

The interest rate is determined by the customer’s risk profile and the loan period. There is no service charge.

Here’s an example of how the interest rate is calculated:

  • If you apply for a loan of ₦30,000 for a term of 180 days, with an annual interest rate of 15%, the daily interest rate is 15%/365=0.041%. The interest for 180 days is ₦30,000×15%/365×180= ₦2,214. The total repayment is ₦30,000+₦2,214= ₦32,214.

How to Get a Loan with Mama Credit

Getting a loan with Mama Credit is easy. Here are the steps to follow:

  1. Install the Mama Credit Loan app from the Play Store.
  2. Create an account.
  3. Select the product you would like to apply for.
  4. Receive the loan straight into your bank account.

How to Contact Mama Credit Customer Care

If you need more information or have any questions or suggestions, you can contact Mama Credit’s customer care via email at help@mamacredit.ng or visit their office at No 4 Jolayemi Samuel Street VI Lagos.

How to Download the Mama Credit Loan App (apk)

To download the Mama Credit app, follow these steps:

  1. Go to the Google Play Store.
  2. Search for Mama Credit.
  3. Click on the app and select Install.
  4. Wait for the installation to complete.

Conclusion

Mama Credit is a great option for Nigerian residents who need a stress-free way to get a loan.

With a range of loan amounts and terms, the app is designed to meet your individual needs.

The app’s user-friendly interface, quick and easy loan application process, and competitive interest rates make it an excellent choice for anyone looking for a loan.

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.

26 Comments

  1. Please the loan I applied for wasn’t approved and I need a refund I was debited 500 hundred naira already

    1. HAA SO THIS APP IS A SCAM? I APPLIED SINCE YESTERDAY AFTER THEY DEDUCTED FROM MY ACCOUNT #500 UP TILL NOW IT IS STILL PENDING …SO CREDIT MAMA LOAN IS A SCAM
      … PLEASE COMRADE LETS FAG DOWN THIS LOAN APP….

  2. Good morning, I’m finding it difficult to borrow from mamacredit, help me please.

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