1. Overview
These Terms of Service govern your use of the CreditVibe mobile application and digital lending services provided by CreditVibe Finance Limited in Nigeria. By downloading the app or applying for a loan, you agree to these terms.
2. Eligibility
To apply for an instant cash loan on the CreditVibe app, you must:
- Be a resident of Nigeria aged between 21 and 58 years.
- Have an active Bank Verification Number (BVN) and a valid Nigerian commercial bank account.
- Provide accurate personal information inside the CreditVibe mobile app.
3. Loan Amounts, Tenor & Interest Rates
- Loan Amount: From ₦10,000 to ₦800,000 based on your in-app credit evaluation.
- Repayment Tenor: Minimum of 91 days (3 months) and maximum of 365 days (12 months).
- Interest Rate & APR: Monthly interest ranges from 3.0% to 6.0% flat per month (36% – 72% Maximum APR). Your exact rate and installment schedule are displayed clearly in the app before you confirm the loan.
- Early Repayment: You may repay your loan early inside the app at any time with zero prepayment penalties.
4. Disbursement & Repayments
Approved loans are sent directly to your linked Nigerian bank account. Repayments can be made easily inside the CreditVibe app via bank transfer or debit card on or before each installment due date.
5. Customer Support
For any questions regarding your loan, repayment schedule, or app support, please contact us:
CreditVibe Finance Limited
13A, Alhaji Jimoh Street, Ikeja, Lagos, Nigeria
Email: [email protected]