Newcredit
Other LenderFintech
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Go to WebsiteAbout Newcredit
Newcredit is a Nigerian digital lending platform and mobile loan app operated by Newedge Finance Limited. It provides instant personal loans and short-term credit to individuals and small business owners through a fully digital process. The platform is designed to give users quick access to unsecured loans without collateral, using automated systems to assess eligibility based on factors such as BVN, bank activity, device data, and repayment history. Loan applications are processed online through the mobile app, with approved funds sent directly to users’ bank accounts.
Amount
₦10,000 - ₦300,000
Tenor
91 - 365 days
Min. approval time
24 hrs
Countries
Created on
May 2026
Last updated
May 2026
Requirements
The basic requirements to apply for a loan on Newcredit include:
- • Valid ID: National ID, voter’s card, driver’s license, or passport.
- • BVN: Required for identity verification and credit assessment.
- • Bank Account: Needed for loan disbursement and repayment.
- • Phone Number: Active mobile number for registration.
- • Smartphone Access: Android smartphone required to use the app.
- • Proof of Residence: Address verification may be required.
- • Age Requirement: Must generally be between 18 and 60 years old.
- • Credit Assessment: Approval depends on internal scoring and repayment behavior.
How to Apply
To apply for a loan with Newcredit, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
Alternatively, you can download the lender's app on Google Play Store.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
Contact
Website
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