Irorun Loan App Review, Interest Rate and Apk Download

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Irorun Loan is one of the latest online apps that Nigerians can borry money from. We write this review to give you an overview of how it works.

In today’s world, it’s almost inevitable to find yourself in a situation where you need quick access to funds.

However, securing a loan from traditional lending institutions can be tedious and time-consuming, especially when you need the funds urgently.

Fortunately, with Irorun loan you can easily borrow money with no collateral requirements and receive your money straight into your wallet.

App Download, Sign Up

One of the standout features of Irorun loan is how easy it is to get started. All you need to do is create an account on their website or download their mobile app from the app store.

After setting up your account, you can then apply for a loan by filling out the application form, which takes only a few seconds to complete.

Once your application is approved, the loan amount will be deposited into your wallet, and you can transfer the funds into your bank account immediately.

Repayment

Another benefit of Irorun is its flexible repayment terms. Depending on your loan amount, you can choose a repayment term of up to 180 days.

This allows you to choose the loan term that suits you best and gives you enough time to repay the loan without undue pressure.

Additionally, you can increase your loan limit every time you repay a loan, giving you more access to funds in the future.

Irorun Loan Interest Rates

Irorun provides microloans with amounts ranging from N5,000 to N50,000. To be eligible, you must be at least 21 years old.

The loan tenor ranges from 60 days to 90 days, with interest rates ranging from 3% to 5% per month and a typical APR of 36%.

Let’s consider a typical example. Suppose you opt for a 3-month (90 days) loan of N10,000, with an interest rate of 3% per month.

In that case, your total interest amount for the six-month period would be N900, and the total amount you would repay is N10,900 (N10,000 principal + N900 interest).

No Collateral or Guarantors Required

Irorun does not usually require collateral or guarantors for its loans. However, for loans above a certain amount, additional documentation may be required.

Nevertheless, all you need to do is download the Irorun app and apply right from your mobile phone.

Additional Notes

When processing your loan request for eligibility, Irorun considers several factors such as your credit score and past loan performance.

Therefore, it’s essential to provide accurate information when filling out the loan application form. Any falsification could delay your loan request, and in some cases, lead to blacklisting.

Also, Irorun is committed to reporting cases of fraud to the relevant authorities.

Contacting Irorun

At Irorun, customer satisfaction is paramount. Therefore, the platform welcomes feedback and tips to improve its services.

If you have any questions, concerns, or feedback, you can reach out to their customer support team at support@irorun.com.

Conclusion

Irorun provides a fast, reliable, and convenient way to access loans when you need them the most.

With flexible repayment terms, competitive interest rates, and no collateral requirements, the platform is an excellent option for anyone looking for quick access to funds.

So, if you’re in a tight spot and need a loan, Irorun is definitely worth considering.

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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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