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Is 9Credit Loan Legit? A Comprehensive Guide to Applying, Getting Approved and Repaying 9Credit Loans

Getting quick access to funds can be a challenge for many Nigerians in times of financial hardship or unplanned expenses. 

This has led to the rise of digital loan apps that promise fast loans directly to your bank account. 

However, it’s important to research these lenders to understand if they are truly legitimate and how their loans work. In this comprehensive guide, we’ll take an in-depth look at 9Credit, one of Nigeria’s leading digital lending platforms, to determine if it’s a legit option and provide step-by-step guidance on the application, approval, and repayment process.

Is 9Credit Legitimate? 

To start, let’s address the key question – is 9Credit a legitimate lending platform? 

The short answer is yes. 9Credit was founded in 2016 and is registered with the Corporate Affairs Commission of Nigeria as a private limited liability company. It has also received necessary approvals and licenses from the Central Bank of Nigeria to legally operate as a digital lender. With over 4 million customers to date, 9Credit has proven itself as a viable and reputable microfinance bank in Nigeria.

Understanding 9Credit Loan Products

Now that we know 9Credit is a legit lender, let’s explore the different loan products available:

  • 9Ke Loan: A small-amount loan of ₦2,000 to ₦50,000 for 7-30 days with a daily interest rate of 0.0583%. 
  • 9Pro Loan: A mid-amount loan of ₦51,000 to ₦200,000 for 31-90 days with a daily interest rate of 0.0417%.
  • 9Flex Loan: A large loan of ₦201,000 to ₦500,000 for 91-180 days at a daily interest rate of 0.0208%.

Repayment is calculated daily based on the principal and elapsed time. 9Credit’s interest rates are fixed and transparent compared to many informal lenders.

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Checking Loan Eligibility 

Before applying, use the 9Credit prequalification tool to check your eligibility based on CBN’s requirements. You must

  •  Be a Nigerian citizen aged 1865 years
  •  Have a valid BVN registered Nigerian bank account 
  •  Provide proof of residence and source of income
  •  Have a clear credit history without existing defaults

This helps ensure a smooth application process by filtering out ineligible customers upfront.

The 9Credit Application Process

If prequalified, here are the simple steps to apply for a 9Credit loan

1. Download the 9Credit App from Google PlayStore or Apple App Store. 

2. Register by providing your basic details like full name, phone number and email. 

3. Log In and select the ‘Apply Now’ option. 

4. Select Loan Type based on your needs from the available products. 

5. Input Loan Amount and preferred repayment timeline. 

7. Submit Required Documents such as BVN, ID card, recent bank statement for income/expense verification.

8. Application Processing may take 12 hours as 9Credit assesses eligibility and risk profile.

9. Receive Approval Notification including approved amount and disbursement schedule if approved.

The entire process is handled seamlessly within the mobile app for utmost convenience.

9Credit’s Approval Process

Upon submission, 9Credit evaluates applications using their proprietary risk assessment model: 

  • They pull credit report data to check for defaults or poor credit history which can impact approval chances.
  • They verify income proof submitted to determine repayment capacity and low likelihood of default. 
  • They analyze bank transactions for stable income flow versus volatile expenses which could signal financial distress.

Some key factors that boost approval odds include

  • Higher and consistent income
  • Long employment history
  • Clean credit records
  • Realistic loan amounts requested
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Successful applicants typically see loan funds deposited within 24 hours into their linked bank account. All communication is via SMS, email and inapp notifications for transparency.

Repaying a 9Credit Loan 

  • Now that you’ve been approved for a loan, it’s critical to understand repayment terms upfront:
  •  Daily repayment is automatically deducted from your linked bank account as preagreed. You’ll receive reminders before each collection.
  • You can track repayment progress, outstanding amount and payment due dates clearly within the app. 
  • There are no penalties for early repayment but you’ll save on interest costs the sooner you clear the loan. 
  • Ensure sufficient balance is maintained as missed or failed payments will be reflected on your credit profile. 
  •  In case of unplanned financial issues, contact 9CreditSupport immediately for repayment restructuring help to avoid penalties.  

With discipline and punctual repayment as agreed, 9Credit loans is a convenient option when you need some financial assistance. Just be sure not to take on more debt than you can comfortably handle.


To summarize, 9Credit provides a convenient digital lending platform for Nigerians seeking fast and flexible loan amounts within responsible limits. With transparency around products, terms and a seamless application process, it has earned its reputation as one of the most legitimate and reliable loan apps in Nigeria when used judiciously.

FAQs about 9Credit Loans

Can I get a loan without income proof?

No, providing proof of regular income through pay slips or bank statements is mandatory as part of the risk assessment process. 9Credit must be certain of your ability to repay before approving any loan.

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