NiceCredit Loan App Review: APK Download, Customer Care Number
Need Nicecredit APK or their customer care number? If you’re looking for a fast loan app in Nigeria that promises instant disbursement, minimal requirements, and flexible repayment terms, NiceCredit might catch your eye. With advertised loan amounts of up to ₦200,000 and a streamlined online process, this loan app positions itself as a convenient financial solution.
But does it deliver on its promise? In this in-depth NiceCredit review, we examine the app’s features, how it works, interest rates, real user feedback, and whether it’s worth your time—or a risk to your wallet.
What Is NiceCredit?
NiceCredit is a digital lending platform that offers personal loans to eligible Nigerians through its mobile app. The loan application is paperless, credit-based, and disburses money directly into your bank account.
Loan Highlights:
- Loan Amounts: ₦2,000 – ₦200,000
- Repayment Period: 90 – 360 days
- Annual Interest Rate: Up to 30%
- Collateral Required: None
- Age Requirement: 20 – 55 years
- Citizenship: Must be a Nigerian citizen
How to Apply for a Loan on NiceCredit
- Download and install the NiceCredit app from the Google Play Store.
- Register with your Nigerian phone number.
- Fill out your basic information, including BVN and bank account details.
- Get approved and receive funds in your linked bank account.
The entire process is designed to take only a few minutes, and the platform claims higher limits are available for users who repay on time.
Loan Example
Let’s break down how the interest works:
- Loan amount: ₦20,000
- Loan term: 180 days
- Annual interest rate: 21%
- Interest amount: ₦4,200
- Total repayment: ₦24,200
While the rates seem moderate at face value, actual user experiences often reveal hidden charges, undisclosed third-party loans, and incorrect repayment timelines.
What Real Users Are Saying About NiceCredit
★ Positive Feedback
Ernest Best (July 21, 2025):
“This is amazing. First-time loan approval was ₦9,000—not ₦2,000 like other apps. Easy to use and better than most.”
Ikechukwu Michael (July 24, 2025):
“One of the best loan apps I’ve used. Fast disbursement and responsive customer care. They even refunded me when something went wrong.”
Innocent Njoku (July 18, 2025):
“Easy to install and apply. Recommended to others. The platform is user-friendly.”
These users appreciated the user interface, higher initial loan limits, and customer support responsiveness—but they’re in the minority.
★ Negative Reviews and Red Flags
Shereefah Bakre (June 28, 2025):
“How can three different loan apps disburse one loan and charge me three times the interest? Total scam. Avoid this app.”
Dominic Ilaboya (July 21, 2025):
“The due date on the app is correct, but I’m being harassed with overdue payment messages before it’s even due.”
Ogechi Okwor (May 31, 2025):
“Applied for a loan on NiceCredit, but multiple apps started disbursing at once. No idea who I owe what. Zero transparency.”
Elizabeth Ebizimo (July 14, 2025):
“Received ₦18,000 at 4am unexpectedly. Refunded it immediately, but fear I’ll still be harassed later. I didn’t want the loan.”
Akeem (July 19, 2025):
“Got debited ₦50 for verification but was never given the loan. Feels like a scam.”
These highlight critical problems like:
- Phantom disbursements
- Early or false overdue notices
- Shared backend systems with other apps
- Poor or non-existent customer support
Is NiceCredit Legit or a Scam?
NiceCredit is not currently listed among FCCPC-approved lenders, and the app does not clearly state its licensing or regulation status. Several users reported unauthorized disbursements, unresponsive customer service, and interest charges for loans not received.
While it offers a fast process, its lack of transparency, high fees, and questionable disbursement practices make it a risky option.
Pros and Cons of Using NiceCredit
✔ Pros:
- Quick registration and loan approval
- Higher-than-usual initial loan limits
- User-friendly interface
- Flexible repayment terms (up to 360 days)
✘ Cons:
- Frequent customer complaints of app errors
- Unclear disbursement sources (multiple apps involved)
- Poor customer service response
- Unauthorized disbursement of funds
- Misleading interest and repayment structures
Frequently Asked Questions (FAQs)
1. How much can I borrow from NiceCredit?
You can borrow between ₦2,000 and ₦200,000, depending on your credit score and repayment history.
2. How fast is the loan approval?
Some users receive disbursement within minutes, but many report delays or errors in crediting.
3. Is NiceCredit a legit loan app in Nigeria?
NiceCredit operates as a digital lending platform, but it is not confirmed to be licensed by the FCCPC. Multiple complaints suggest it may not be entirely reliable.
4. Can I repay early to increase my limit?
Yes, users who repay on time may qualify for larger loans in the future.
5. What’s the real interest rate?
Officially up to 30% annually, but many users report effective interest rates of over 50% when calculated on short-term disbursements.
Final Verdict: Is NiceCredit Worth Using?
NiceCredit might look like a legitimate solution for Nigerians seeking quick online loans without collateral—but real user feedback paints a more complicated picture. While some users praise its easy onboarding and generous limits, others have faced duplicate loans, unrequested disbursements, hidden charges, and non-existent support.
Verdict: Proceed with extreme caution. If you must use NiceCredit, document everything, review all loan terms before accepting, and avoid using multiple loan apps simultaneously.
