Mama credit - Loan  - Loan Shark Review
Interest Rate 40%
Duration 7 days
Access Level Public
Company Name TC developers
Phone 1
Phone 2
Website or Store
Address
Category Dangerous Loan
Company Email help@mamacredit.ng
Views 1,982

Are you looking for a loan that is stress-free, accessible, and secure? Look no further than the Mama Credit loan app. We are a Nigerian-based loan app that provides instant loans without paperwork or collateral. With Mama Credit, you can access loans ranging from ₦5,000 to ₦200,000, depending on your creditworthiness and repayment ability.

Interest Rate

Our interest rates range from 12% to 25% annually, depending on your credit profile and the duration of your repayment period. We believe in transparency, and we ensure that our customers understand the terms and conditions of their loans before they apply.

Company Profile

Mama Credit Loan App is a new player in the Nigerian loan market. Our mission is to provide accessible loans to people who need them without the bureaucratic process of traditional financial institutions. We understand the importance of financial stability, and we aim to help individuals achieve their financial goals through our services.

About Us

Mama Credit Loan App is a subsidiary of Mama Credit, a microfinance institution that provides financial services to low-income earners in Nigeria. Our loan app is a continuation of our mission to provide financial services that are accessible to everyone. We are committed to offering loans that are convenient, secure, and affordable.

Company Services

At Mama Credit, we offer instant loans without the need for collateral or paperwork. Our loan app is designed to make the loan application process easy and stress-free. All you need is your phone number and BVN to access our loans. We also offer flexible repayment terms, ranging from one month to a year, depending on your creditworthiness and repayment ability.

Our Mission

Our mission is to provide accessible loans to individuals who need them. We believe that financial stability is a basic human right, and we are committed to ensuring that our customers have access to loans that can help them achieve their financial goals. We also aim to promote financial literacy and responsible borrowing.

Our Vision

Our vision is to become the leading loan app in Nigeria, providing accessible loans to everyone who needs them. We believe that financial stability is a critical component of economic development, and we are committed to playing our part in achieving this goal.

Our Core Values

At Mama Credit, we are guided by our core values, which include:

Excellent Customer Service

We believe that our customers are our most important assets, and we are committed to providing excellent customer service at all times. We are available 24/7 to answer your questions and provide support when you need it.

Cooperative Partner

We believe in collaboration and partnership. We work with our customers to understand their needs and provide solutions that are tailored to their unique circumstances. We also work with other financial institutions to ensure that our customers have access to a wide range of financial services.

Ease of Use

We believe that accessing loans should be easy and stress-free. Our loan app is designed to make the loan application process straightforward. You can apply for a loan from the comfort of your home or office, without the need for paperwork or collateral.

Security

We understand the importance of security, and we take the security of our customers' information seriously. Our loan app is designed to ensure that your personal and financial information is protected at all times. We also use advanced encryption technology to secure our platform.

Instant Loans

We understand that sometimes you need money urgently, and we are committed to providing instant loans to our customers. Our loan app is designed to ensure that you can access your loan within minutes of application.

Requirements for Accessing Mama Credit Loan

To access Mama Credit loans, you must meet the following requirements:

  • You must be a legal citizen of Nigeria
  • You must be 22 years and above
  • You must have a functioning bank account and BVN
  • You must be working/have a source of monthly income
  • You must have a smartphone to download the app
  • You must have a good credit score
  • You must not owe any outstanding debt in any of the loan apps

Expert Counsel

1. Your contacts may receive SMS notifications stating that you owe money to Mama credit.

 

2. If you're overdue by just one day, you might receive unpleasant messages via WhatsApp from the loan provider.

 

3. Repayment plans typically span from 6 to 14 days, which can be quite challenging for many borrowers.

 

4. The interest rates on overdue payments can range from 2% to 7% per day, potentially adding to your debt burden.

 

5. It's not advisable to repay them if they resort to defaming you. Remember, they've already received their money, and resorting to defamation is their only means of recourse.

 

6. Since these loan apps are unlicensed, their only recourse is through defamatory tactics.

 

7. Borrowing from another loan app to repay Mama credit could worsen your financial situation and lead to serious debt.

 

8. Installing Truecaller on your mobile phone can help you identify and block calls from Mama credit and similar entities.

 

9. The most effective solution to escape loan sharks like Mama credit is to stop borrowing altogether.

 

10. Take proactive steps to block them on WhatsApp and report their activities directly on WhatsApp and Google Play Store.

 

11. Remember, you have options beyond borrowing from these loan apps. Prioritize your financial well-being and integrity.




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Reviews

  • User loan Review

    This loan app's interest rate was so high that I felt like I was being taken advantage of

    • 2/16/2023
  • User loan Review

    I applied for a loan on this app and never received a response

    • 2/15/2023
  • User loan Review

    The loan app charged me fees for services I didn't even use

    • 2/12/2023
  • User loan Review

    This loan app's repayment terms were inflexible and unreasonable

    • 2/10/2023
  • User loan Review

    I had a terrible experience with this loan app. The approval process was confusing and frustrating

    • 2/7/2023
  • User loan Review

    The loan app's interest rate was so high that I couldn't afford the payments

    • 2/2/2023
  • User loan Review

    This loan app promised fast approval, but it took days to get a response.

    • 1/28/2023
  • User loan Review

    The loan app had hidden fees that made the loan more expensive than I anticipated

    • 1/25/2023
  • User loan Review

    I had a bad experience with this loan app's customer service. They were rude and unprofessional

    • 1/20/2023
  • User loan Review

    The loan app's interface was outdated and difficult to use

    • 1/18/2023

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