Icoin loan app is a mobile application that makes access to an online loan easier for individuals and the platform just rebrand to Intcoin loan app in it’s recent platform upgrade.
Today, I am going provide you with all the information you need to know about the app, how the icoin loan app works, how to take loan on the platform, the Intcoin interest rate and other Basic and additional information you must know about the app.
However, you should fully understand that icoin and Intcoin and the same thing anything I said in this guide pertaining to icoin loan app is also applicable to intcoin loan app. If your previous icoin suddenly stopped working worry less, just install the new version to be released in this guide.
Table of Contents
About Intcoin/Icoin Loan App
Intcoin loan app is the latest version of icoin loan app and if you are using the previous version of the app, you will see a notification with some information about the new development.
Icoin is an app that helps you to get a mobile loan at the comfort of your home, all you need bro get a loan from the platform is your mobile phone and your basic information like name, phone number, email address, bank verification number, bank details for payment, card details and other required information.
Icoin Loan Intrest Rate – Intcoin Loan Interest Rate
The period of a loan on the platform ranges from 91 days to 210 days and the loan amount ranges from NGN 5,000 to NGN 100,000.
The icoin loan interest rate ranges from 18% – 70% with an equivalent monthly interest of 6% – 12% and APR of 72% – 144%.
How Intcoin loan Interest Rate Is Calculated
If you choose a 91 days loan and borrow ₦5,000, the interest rate is 6% per month and the interest rate is 18%, we would charge you ₦900 as interest of 91-day repayment period. So the total amount of repayment is ₦5,900.
Icoin Loan Requirements
For you to be eligible for a loan on the platform, there are some requirements you must have and in this section, I will give you the complete list of what will help you in being eligible for a loan on the platform.
- The Intcoin loan applicant must be of 20 – 55 years if age.
- You must be a Nigeria citizen and reside in Nigeria.
- You must have a good credit score. This can be determined by the rate of Transactions in your submitted bank details, the inflow and the outflow of funds, how often you make transactions and if you owe other loan platforms or free from loan at the moment.
- You must provide them with accurate and valid information during the Registration process, it’s term as identity on the icoin loan app.
- You should know that your income is part of the factors that will determine the amount of loan you will be able to take.
Icoin Loan Registration – How To Register On Intcoin Loan App
To Register on the app, all you have to do is to download and install the app. Open the app and you will see a box requesting for your mobile phone number. Incase your didn’t see the box directly, simply click on check my credit limit button and you will be asked to login first, this will prompt the box to appear.
Enter your valid phone number and an OTP will be sent to the submitted phone number, check your message box and enter the OTP into the provided box on the page, you will be taken to your dashboard and you can the proceed to apply for a loan.
How To Apply For A Loan On Intcoin And Get Approved
The process involved in the icoin loan application is very simple and easy just as that of the new credit loan application and once you have all the requirements stated in the requirements section of this guide, you already have a very high chances of getting a loan approval in just few clicks on Intcoin loan app.
In order to apply for a loan on icoin app, all you have to do is to download and install the Intcoin loan app from the download section of this guide, register for an account and you will be taken to your dashboard immediately. On getting to your dashboard, click on the check my limit button and fill in your basic information, then submit your loan application.
Make you check all the option available very well before you select any, this includes the loan duration, repayment mode, repayment method and repayment system. Make sure you check the repayment terms and conditions properly and attestate to it before you proceed.
What is credit limit In Intcoin Loan App?
On icoin loan app, credit limit is one of the evaluation you will pass through before submitting your loan application as it has been explained in the requirements section of this guide. The credit limit is what will determine the amount of loan you will be able to take on the platform.
After you apply, if you get a credit limit, you can choose to borrow for cash. Once you pay off your pervious loan, your credit limit will recover and you can apply a new loan immediately.
Why was my credit limit application rejected?
There are a few reasons behind loan application rejections and this reasons are best known to the icoin loan app review team. However, with the normal Protocol utilized by low apps to determine the credit limit of their users, the most likely reason is that the Intcoin system did not receive sufficient data to score your application.
You can try to review the previously provided information and try to share all of the information required in the application and make appropriate corrections if eventually, you have provide invalid details in the previous stages.
There can be other reasons. As a responsible lender, icoin will take steps to ensure that they only extend credit to applicants who can afford it, so that the applicant won’t become too indebted. It is possible that at the time of your application, you don’t match the profile of individual Intcoin normally lend money to.
Recommendation: keep the app installed on your phone and retry in 1-2 months, as the criteria of these decisions are constantly refined by the lender (icoin/Intcoin).
Icoin Loan APK Download – Intcoin Loan APK Download
Having gone through the detailed information on how the app works, the next thing is to download and install the app so as to explore it further and get to understand the app further.
In this section, I will provide you with the direct Link to download Intcoin loan APK and detailed information on how to get it installed on your mobile phone.
Name Icoin/Intcoin loan APK
Version Latest Version
Service Loan Provider
How To Install icoin APK
Download the APK file above a d once the downloading process is complete, simply go to your phone gallery and navigate to the download folder in your phone gallery.
Locate the file you just Download above and click to open it, you will see Install option, click on it and wait for the installation process to complete. Once the installation process is complete, you can then open the APK and start using it.
Intcoin Loan App Download
This is another easier way to get the app installed on your mobile phone, the app is available on play store and in this section, I am going to provide you with the direct link to download and install the app from play store.
Name Intcoin Loan App
Version Latest Version
Service Loan Provider
Icoin login – How To Login To Intcoin
To login to your Intcoin loan app account, all you have to do is to open the app and you will be redirected to your account dashboard immediately. That’s if your login session hasn’t expired.
If your login session has expired, you will see a box requesting for your phone number, enter your Registered Phone number Into the box and and OTP will be sent to your phone, enter the OTP and you will be taken to your account dashboard.
Icoin loan contact number – Intcoin loan contact number
If you have any issue on the app, the best thing is to contact the customer care and the issue will be resolved for you as soon as possible. In this section, I will be providing you with the possible means to reach the Intcoin customer care.
The Intcoin contact numbers are:
Facebook: https://www.facebook.com/Int coin106366198494149
Email: [email protected]
Icoin loan repayment – How To Repay Intcoin loan
Immediately you apply for a loan on Intcoin and your loan application is approved, the breakdown of your loan will be displayed on your Dashboard, including the outstanding amount, the due date and other things you need to know about the active loan.
Simply login to your Dashboard and navigate to the Loan history area, you will see a button labelled with “Repay”, click on the button and you will be taken to the Intcoin loan repayment page, select the repayment options that is best for you and follow the prompts to complete your loan repayment.
If you encounter any issue during the loan repayment process or need further enquires about the repayment, simply contact their support via the information provided in the Intcoin/icoin contacts section of this guide.
Icoin loan app is the same online loan application that rebrands to the latest Intcoin loan app and with the detailed information provided in this guide, you should have understand fully, how the app works, how to access all it’s services and use it without any form of stress.