Aella credit loan app – complete review (How, what, why)
Are looking on to consider Aella credit loan app for borrowing money online in Nigeria but not sure if it’s credible? Join us as we go through all the nitty gritties of this instant loan app in Nigeria, uncovering their varying financial services, interest rates, repayment periods, and loan limits.
At the end of this review, you will be in a better position to understand whether to borrow money online using the Aella instant credit loan or to consider other free options of loan apps available in Nigeria.
| Loan limit | ₦1,500 to ₦1,000,000 |
| Repayment period | 1 month to 3 months |
| Interest rates | 22% – 264% per year |
| Loan Requirements | Download Aella credit loan app |
How does Aella credit loan app work in Nigeria?
Aella is a fintech company built to simplify instant credit and payment solutions for emerging markets. They offer instant loans to individuals and business in Nigeria through their mobile credit app available for free downloads on Google play store.
However, the Aella Credit app goes beyond just offering loans; it provides a range of financial services, including loans, savings, and insurance products. This comprehensive approach allows users in Nigeria to manage their finances more effectively within a single platform.
Is Aella credit loan app legit?
Yes, Aella Credit loan app is a legitimate financial and loans platform operating in Nigeria and other countries. With over 1 million downloads, the Aella Credit loan app is a trusted source of financial support to anyone looking for an instant loan in Nigeria, offering up to ₦1,000,000 repayable from 1 month to 3 months. The company has been recognized for its innovative approach to financial inclusion and its efforts to leverage technology to expand access to financial services.
Which other apps like Aella gives you a loan immediately in Nigeria?
Here are Aella Credit loan app alternatives in Nigeria that are capable of giving you an instant loan immediately:
1. Carbon
2. Branch
3. Renmoney
4. Quickcheck
5. FairMoney
6. Creditville
Why am I not eligible for a loan on Aella?
In case you apply for Aella credit top-up using their mobile app and they say you are not eligible, that means you failed to provide valid information about your identity consistent on all the documents your submitted while applying for a loan. However, you can always resubmit new valid and consistent information for future consideration.
How much can I borrow from Aella credit?
Aella Credit loan app offers a loan limit ranging from ₦1,500 to ₦1,000,000 depending on your financial history and data, repayable within 1 month or 3 months. Aella Credit upholds transparency and fairness in its lending practices, ensuring that users are fully informed about the terms and conditions of their loans, including interest rates and fees. This transparency fosters trust and confidence among users.
Why is Aella credit a better option in Nigeria?
Aella Credit prioritizes speed and convenience in loan disbursement and repayment processes. Users can receive loan funds in their bank accounts swiftly upon approval, and repayment can be done seamlessly through various channels, including bank transfers and direct debits.
What is the interest rate of Aella Credit loans?
Aella Credit offers a monthly interest rate ranging from 2% – 20% and APR from 22% – 264% per year. For instance, if you took a loan of ₦100,000 on Aella App, it will accumulate a fee of ₦15,000 after 180 days. We recommend that you always understand the loan terms and conditions before signing the agreement with your lender.
Editorial Remark
Aella Credit is committed to promoting financial literacy and empowerment among its users. The platform provides educational resources and tools to help users make informed financial decisions and improve their financial well-being. If you feel you can afford their interest rates and other financial constraints, we strong recommend this loan app in Nigeria.
