What JumiaPay has to offer
Jumia is an online retail company popular among Nigerians. The company has become popular not only in shopping but also in providing diverse opportunities like providing independent loans. JumiaPay loans include payday loans, student loans, and business loans.
The JumiaPay loan interest rate is friendly at 3.5% with no additional fees. It is great for people looking to obtain unsecured personal loans or loans that do not require solid credit records or other standard bank requirements. The amount you can receive varies between ₦1000 and ₦100,000 and you can repay within 30 days. The loan options are available to the applicant within 30 seconds and the loan is secured in 5 minutes.
JumiaPay is registered under the Money Lenders Law. They allow a wide range of customers to collect loans, including those that do not have access to bank facilities. Here are some requirements you need to consider:
- You have to be above 18
- You must have a bank account
- You must live in Nigeria
- You must have a Bank Verification Number
- You must have the JumiaPay App
JumiaPay loan review conclusion
There are many positive reviews for JumiaPay loans. It is one of the best loan options for borrowers looking for unsecured loans. The reviews say the application process is stress-free, approval is quick and the loan is paid into your account within minutes. JumiaPay loans are versatile loans with friendly loan terms; a repayment period of 30 days. Because the pay-out happens within 5 minutes after approval, it can be used as an emergency loan.