Icoin Loan | Everything you need to Know about Intcoin loan App

Screenshot of Intcoin Website homepage

In this post, we will talk about Icoin loan app also known as Intcoin loan app, we will talk all the details about this app, and you should take your time and read through this article carefully, especially if you are planning to borrow a loan from Icon loan app. 

Borrowing loan has become something that everyone can get access to, thanks to the popularity of many loan apps in Nigeria, nowadays you don't even need a guarantor to collect loans, with just a few clicks of the button, you will receive your borrowed loan in minutes, this is something that used to take days, weeks or even month to do in the past.

Related post: How to borrow loan on opay

What is Icoin loan

Icoin loan app or Intcoin loan app is a platform that gives out loans in Nigeria and to Nigerian citizens, so if you are trying to borrow a loan, Icoin app is one of the platforms you will come across because the platform has become very popular among Nigerians, many people have already requested for their loans on the app.

Intcoin loan app is considered one of the best platforms where you can borrow loans in Nigeria because the requirements are very basic, and within a few minutes, you will be on your way to successfully borrowing a loan and actually getting it directly on your phone.

Icoin loan app also gives loans to new customers very fast unlike some few loan apps that will require you to be an old customer before you can get access to loans.

Icoin loan app requirements

Just like every other loan platforms out there, Intcoin loan app also have a list of requirements that users must meet before they can be able to qualify for a loan on the app, it is good to know these requirements before deciding to borrow a loan on the app, this will help you get all the required documents in place so you don't end up stranded in the process.

And one thing that makes me like Intcoin loan app is that the requirements are very basic, and almost anyone within the appropriate age range can get a loan from the app within a few minutes.

The requirements for Icoin loan are, 

1. Applicants must be 18 to 60 years old

2. Applicants must submit their BVN (bank verification number)

3. You will need a government-issued ID card

As long as you meet the three requirements mentioned above, you are fully qualified to borrow a loan on Icoin loan app, to me, I think every Nigerian adult will meet these requirements, and that is why Icoin loan app is one of the best loan applications in Nigeria.

How to borrow a loan on icoin/intcoin loan app

Getting a loan from Icoin loan app is simple and easy, many loan apps in Nigeria are still complicated when it comes to actually get the loan from them, some of them will approve your loan, but to release the money to you will go on to take days or even weeks, but with Intcoin loan app, once your loan request is approved, you can get credited in a short period of time.

To borrow a loan on Intcoin loan app, all you need is to create an account with them, then submit your BVN, your Account number which you want to receive the loan, then you will request to know your credit limit, and they will send it to you via SMS, after that, you can request for a loan within your credit limit. Take note that they will also need to verify your BVN by sending a message to the phone number that is linked to your BVN.

How loan does it take to receive a loan on Icoin loan app?

After you have received an approval message from Intcoin, it will take anywhere from 24 hours to about 7 days for you to receive your loan in the bank account you submitted to them, this usually takes less than 2 business days, but it may take up to 7 days in some rare cases. So the best thing to do is to request the loan within business days, and avoid requesting a loan at weekends to increase your chances of getting your loan faster.

How to repay a loan on Icoin loan app

Repayment of loans is very important, if you want to maintain a good credit score, you need to repay your loans, this will help you get loans faster the next time you are requesting a loan. With Intcoin loan app, you can choose to repay the loan in 91 days to 210 days maximum. So when requesting a loan, take note of this.

And to repay your borrowed loan on the app is quite easy and straightforward, which means you don't need to go through stress when you are finally ready to repay your loan. Take a look at the steps you can take to repay your loan.

To repay your loan in Intcoin loan app, just log in to your dashboard on the website and navigate to the loan area, then click on the "Repay" button, you will see a variety of ways you can repay your loan, all you need is to select the one that best suits you and proceed with rest of the process, it will end with a Successful page if you follow the steps correctly after you see the successful page, that means you have successfully repaid your loan. It's that simple.

What is Intcoin loan app interest rate?

All the loan apps in Nigeria have their own individual interest rate, so some will surely be bigger than others. On Intcoin loan app, there are two types of interest rates, since you can repay in both 91 days and 210 days, they have different interest rates, that's why it is good to take note of these things before actually requesting a loan on any loan provider app.

If you are repaying the loan in 91 days, the interest rate is 22%, and if you are repaying in 210 days, the interest rate is 18%. Also take note that there is also a separate APR of 72%, so before you request a loan, make sure you take note of these things.

How to contact Intcoin loan app customer care

Every good business will have top-notch customer service, which will help the customers whenever they have a complaint to make or have questions to ask, Icoin loan app also has great customer service that responds to messages quite fast. One good thing about customer service is that you can call them directly on phone, and you can send them a message on Facebook and also to their email address.

To contact them via their phone number, navigate to their contact page and you will see the number there, you will also see their email address as well as their Facebook handle. Chose whichever you want and shoot them a message.

Download Icoin loan app

You can download Intcoin loan app directly on your phone, and install and use it with ease. the app is available on play store and on other application download sites, all you need is to go to the website or play store and download the app, or you can also download the app directly from their website.

Final thoughts on Icoin loan app

So that's all there is with Intcoin loan app, if you are ready to request a loan from them, kindly follow all the steps we provided in this post, and make sure you read everything so you understand how it actually works, and if you have any questions about Icoin loan app, don't hesitate to type it in the comment section below. Don't forget to share this post with your friends on social media. Have a nice day.