Rocket Loan(Nigeria Loan) - Loan Shark Review
Interest Rate 35%
Duration From 7 days
Access Level Public
Company Name Rocket Loan(Nigeria Loan)
Phone 1 +2348130839484
Phone 2
Website or Store Google playstore
Address
Category Dangerous Loan
Company Email
Views 128

Rocket Loan Plus offers a simple, fast, and secure way to access personal loans and payday loans to meet your financial needs. With just a few steps, you can apply for a loan, get approval, and receive funds directly into your bank account without hassle.

How to Apply for a Rocket Loan Plus?

Here’s how you can apply for a loan in just a few minutes:

  1. Download the Rocket Loan Plus App: Go to your app store, search for "Rocket Loan Plus," and download the app on your mobile device.
  2. Register with Your Phone Number: Create an account by registering with your mobile number.
  3. Fill in Basic Information: Complete the loan application by providing necessary personal details and submitting the form online.
  4. Receive Loan Disbursement: Once your loan is approved, the funds will be credited directly to your bank account, and you’ll receive a notification through the app.

Why Choose Rocket Loan Plus?

  • Easy and Fast Application: The entire loan application process is straightforward, requiring only a few simple steps, all of which can be done online.
  • Flexible Loan Amounts: You can apply for loans ranging from ₦20,000 to ₦300,000, making it ideal for both small and larger financial needs.
  • Secure and Private: Rocket Loan Plus ensures a high level of data protection and privacy, so your personal and financial information is kept safe at all times.

Who Can Apply?

To be eligible for Rocket Loan Plus, applicants must meet the following criteria:

  1. Nigerian Resident: You must be living in Nigeria.
  2. Age Range: You should be between 20 and 65 years old.
  3. Valid Identification: A government-issued ID card is required for identity verification.

Rocket Loan Plus – Loan Product Information

  • Loan Amount: From ₦20,000 to ₦300,000.
  • Loan Period: Loan terms range from a minimum of 91 days to a maximum of 365 days, providing flexible options based on your repayment capabilities.
  • Annual Interest Rate: The maximum Annual Percentage Rate (APR) is 24%.
  • Daily Interest Rate: 0.0658%, calculated as 24% divided by 365 days.
  • Service Fee: No additional fees – Rocket Loan Plus offers transparent pricing with 0% service charges.

Example Calculation of Loan Repayment:

If you apply for a loan of ₦30,000 at an APR of 24% for a term of 120 days:

  • Loan Amount: ₦30,000
  • Interest: ₦30,000 x 24% (APR) x (120 days / 365) = ₦2,368.80
  • Total Amount to be Repaid: ₦32,368.80 (₦30,000 loan + ₦2,368.80 interest)
  • Monthly Payment: ₦32,368.80 / 4 months = ₦8,092.20

This transparent calculation ensures that you understand exactly what you will be repaying without any hidden fees or charges.

Flexible Repayment Terms

Rocket Loan Plus offers loan tenors from 91 days up to 365 days, allowing you to select a repayment plan that suits your financial situation. Additionally, early repayment is allowed without penalties, giving you the freedom to pay off your loan at your convenience.

Contact Us

If you need assistance or have any questions, feel free to contact us:

  • Email: rocketloan074@gmail.com
  • Office Address: 86 Yaya Crescent, Ajeromi-Ifelodun 102241, Lagos, Nigeria

Rocket Loan Plus is committed to providing a fast, secure, and reliable loan service to help you meet your financial needs. Download the app today and get the funds you need to manage your daily expenses or grow your business!


Expert Counsel

Online loan apps may seem like a quick fix when you're in need of cash, but they often come with hidden dangers and risks that can harm your financial and personal well-being. Here are 10 crucial tips to keep in mind when dealing with these apps:

1. Only Download Loan Apps from Official Sources

To protect yourself from malicious apps, only download loan applications from trusted sources like the Google Play Store or Apple App Store. Avoid third-party websites, as apps from unofficial sources often misuse personal information, leading to cyberbullying or privacy breaches. Some rogue apps may even access your contacts without permission.

2. Be Ready for Harassment if You Miss Payments

Loan apps are notorious for aggressive tactics. If you're even a day late with repayment, you could receive numerous threatening and unpleasant messages, particularly on platforms like WhatsApp. If this happens, don't hesitate to block the sender. Protecting your mental peace is essential during these situations.

3. Watch Out for Short Repayment Periods

Most loan apps offer very short repayment windows, typically between 6 and 14 days. These brief periods make it challenging for borrowers to repay in time, trapping them in a cycle of debt. The pressure to meet such tight deadlines often leads to further borrowing from other loan apps, creating a downward spiral of financial stress.

4. Prepare for High Overdue Interest Rates

If you miss a payment deadline, expect the overdue interest rates to be punishing—often ranging between 5% and 7% daily. This means that even a small overdue amount can snowball into a significant debt, making it even harder to get back on track.

5. Reputation Damage as Leverage

Loan apps often resort to reputation damage as a form of leverage. They may send embarrassing or threatening messages to your contacts, tarnishing your image. Unfortunately, once your reputation has been damaged, some borrowers decide not to repay the loan since the harm has already been done. If you face this, creating a legal disclaimer or publicly denying false claims could help mitigate the damage.

6. Avoid Borrowing from Other Loan Apps to Repay Existing Debts

It's tempting to borrow from another loan app to repay an existing loan, but this only worsens your financial situation. You could end up in a deeper cycle of debt, making it nearly impossible to break free. Focus on finding more sustainable solutions to repay your debts.

7. Use Truecaller to Block Harassing Calls

If you're receiving harassing calls from loan apps, Truecaller is an effective tool to help you identify and block such numbers. This can shield you from unwanted stress and give you some breathing room to focus on your financial recovery.

8. Break the Borrowing Cycle

The best way to free yourself from the clutches of predatory loan apps is to stop borrowing altogether. While it might seem difficult, breaking the cycle of dependency on these apps is crucial to gaining control over your finances.

9. Report and Block Harassers

If loan apps resort to harassing you on platforms like WhatsApp, report and block them. You can also report abusive apps to the Google Play Store or Apple App Store to prevent others from becoming victims of the same practices.

10. Avoid Loan Apps Altogether

In many cases, the best advice is to avoid loan apps entirely. They are often designed to trap you in a cycle of debt, exploit your financial difficulties, and misuse your personal information. Consider more secure and legitimate financial alternatives such as credit unions, community banks, or trusted lending platforms.




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Reviews

  • User loan Review
    Agent message to users

     THIS IS TO INFORM YOU THAT

    OLAYINKA MOROHUNMUBO FADIPE

    PHONE NO:(08095068667) 

    BVN:2218***********0080

    A DEBTOR ON ROCKET LOAN/NIGERIA LOAN HAS REFUSED TO MAKE PAYMENT UPTILL NOW. KINDLY PUT A CALL THROUGH TO HER AND TELL HER TO MAKE HER PAYMENT NOW BEFORE A LOT OF DAMAGE IS DONE TO HER AND HER FAMILY , BUSINESS AND OTHERS.THANK YOU FOR YOUR ASSISTANCE 

    MANAGEMENT

    ROCKET LOAN /NIGERIA LOAN (73,849)

    • 10/24/2024

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