My Naira loan app – USSD Code, Interest rate & repayment

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Want to try out my naira loan app? In this post, you’ll find info about my naira interest rate, how to make a repayment, ussd code and more.

It may interest you to know that even without any paperwork or collateral, the My Naira Loan app can give you a loan pretty quickly.

You don’t need to go anywhere; just use your phone, and you’re good to go. You may get a loan with the My Naira lending app for up to 77,000 Naira at once.

A completed loan application must be submitted. Loan application in naira


The requirements that must be satisfied before applying for a loan using this app are listed below. there is

  • Good credit history
  • possess a bvn and a bank account
  • You must be at least eighteen (18) years old
  • possess a means of repayment

The lending app can only be downloaded on a smartphone.

USSD code

You may want to know what is my naira loan ussd code. However, as at this time the company behind this app hasn’t introduced the use of ussd code in accessing their services.

How to borrow money from my naira loan

The borrowed money from my naira loan, the app must first be downloaded from the Google Play Store.

Launch the app, then sign in using your name, bvn, and other details.

You’ll be prompted to tie your ATM card in order to avoid a #30 cost, so do so and go on.

You will be logged into your dashboard after registration.

Locate your dashboard, then choose the loan.
You will be able to check how much credit you are eligible for.

Simply click it and wait for the payout.

Maximum Loan offer

My naira loan is relatively new in the industry. In fact, if you’re a first-time user, you won’t be able to get more than 75,000 naira from them because it’s a new app.

However, as you continue borrowing money and repaying it on time, your ability to get more money will increase.

Interest rate

The my naira loan interest rate is the only thing that I did not find objectionable. Their interest rate can go all the way to 30 percent, which is not so good.

Depending on the amount of the loan secured, the interest rate might vary from 15% to 30% every year.

Repayment terms range between seven days and one year.

It hasn’t been more than a year, in my opinion.

They have a real interest rate of seven to ninety days.

When you first apply for a loan, the interest rate will be very high, and you might only have to make a small payment. As you use the app more frequently, however, the rate will go down.


My naira loan app follows the process exactly.

accessing your dashboard

Locate and choose “repay your loan”

A variety of payment alternatives are available, including bank transfers and ATMs.

Select one, then pay

The payment will appear on your dashboard after you make it.

If it isn’t, you need to get in touch with them right away.

What happens if I don’t pay or refuse to?

The interest rate on your loan will rise as punishment if you fail.

They might send an angry message to your contacts if you don’t pay back, which I think is worth it.

They will also report your name and BVN to the credit bureau for blacklisting, which will prevent you from applying for a loan from Nigeria again until you have settled your debt and cleared your name with the credit bureau.

Legit or scam?

Want to know whether this app is legit or a scam? Although the My naira loan application is legitimate and would undoubtedly provide you a loan, it is not guaranteed by the NDIC or approved by the CBN.

My Naira has a positive review on the Play Store, which may be because they are still in the early phases of development.

There have been over 10,000 downloads.


I hope you’ve found the information you’re looking for regarding my naira loan. If you have any questions, please ask them and I’ll get back to you asap.

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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