Tingo loan app is a mobile loan application designed for Nigeria citizen with the aim of helping the secure a personal loan without any for if stress, paper work or collateral.
Today, I will be revealing all you need to know about the Tingo loan app, how to apply for a loan on the app, how to repay loan, customer care number and all the important information you must know about the app.
About tingo loan app
Tingo app is designed for individuals that reside in Nigeria and willing to apply a small cash loan from the range of 2000 to 100,000.
The platform helps individuals to get a loan as quickly as possible with it’s simple and hassle-free loan application process.
The platform promised to help people who are looking for a hassle-free way to get some quick cash to secure a loan without any form of stress. Maybe it’s for a purchase you just can’t wait for, or to take advantage of a great deal before you miss the opportunity. Or, perhaps an unexpected expense has come up and you don’t want to compromise your lifestyle.
The you can always run to tingo loan app for a financial assistance, but regardless, you shouldn’t forget that a interest and some terms and conditions, which will be explained in this guide are involved. On this note, make sure you read this guide carefully, so as to know what you’re about to sign up for.
Tiago loan app promised to take your privacy very seriously and never share your personal information with anyone except with strict permission from you. When you download the App, you will be asked for permissions to use your phone’s data such as SMS history and other information. This information will strictly be used to verify your identity and create a credit score.
Other things to know
As a borrower on tiago app, you will have instant access to loans sent straight to your mobile phone.
You can borrow more than one loan at a time. Provided that you are within your loan limit. For example, you your loan limit is 20,000, then you can borrow N10,000 twice or N5,000 in four different times and so on.
You will have the opportunity to sort out emergencies when they arise no matter where you are.
Tingo loan interest rate
This is the first thing you must look for when you’re about to dive into any loan app in Nigeria, it’s very important to fully understand their interest rate and how it’s being calculated, so that you won’t be surprised with the payback amount when you’re about to repay your outstanding loan.
Below is the breakdown of the tingo loan products and their interest
Loan period: You will be allowed to take a loan and make your repayment between 91 days to 365 days.
Loan amount: The amount of loan you can take on the platform ranges from NGN 20,000 to NGN 120,000.
Loan interest: The interest on tingo loan products ranges from 4.5% – 34% with an equivalent monthly interest of 3% – 29% and APR of 29% – 365%.
How tingo loan interest rate is being calculated
On tingo loan, if you choose a 6-months loan and borrow NGN 1,000, Tingo charges an interest rate of 4.4% per month. And the interest rate is 26.4%, you will be charged a total sum of N263 as interest of 6-month repayment period. Total amount of repayment is NGN 1,263.
There should be no hidden transaction fees. This makes it easy to know exactly what you’re signing up for. If eventually you encounter any hidden transaction fee, feel free to contact the tiago customer service and table a complaint about that.
Requirements for tingo loans
It’s one thing to apply for a loan on the app and another thing to get your loan application approved, when you submit a loan application on the app, your application will be subjected to a review and after the short review, you will either get the money paid to your Nigeria bank account or be told to try again later.
In order to make it easier for you to get a loan from the app, below are the requirements that will guarantee your loan approval on the platform.
1. You must be a Nigerian and reside in Nigeria.
2. You must be of 18 years old and above.
3. You must provide valid information that tally with that of your bank account during your registration.
4. Make sure to use a bank account with considerable rate of credit and debit transaction, this is the primary factor that determines your credit score and your credit score will determine the amount of loan you going to have access to.
5. You already Know that a smart phone is required to get the app installed on your phone for further transactions.
Tiago loan registration – How to register on tingo loan app
To register on tingo loan, all you have to do is to download the app and Install it in your mobile phone. Open the app and you will be taken to the registration page directly.
Enter the phone number attached to your Nigeria bank account bank verification number, enter the OTP sent to the number, choose a unique four digits PIN code for password, accept the terms and conditions and click on the sign up button.
Allow all the permissions that that the app request for on the next screen and you will be redirected to your account dashboard. You can then proceed to submit your first loan application.
How to apply for a loan on tingo loan app
To apply for a loan on tingo loan app, simply login to your account, you will see your loan limit at the top, click on the apply button at the bottom of the loan limit.
You will be taken to a page requesting for your basic details, being your first loan application, fill the basic details with valid information and make sure they are tally with that if your submitted bank account details.
Once you comply the basic information section, you with be able to submit loan application finally.
Tingo loan APK download
Now that you have fully understand how tingo works and how to apply for a loan, the next thing is to get the app installed on your mobile phone and in this section, I am going bro provide you with the APK version of the app with the detailed information on how to get it installed on your mobile phone.
Name Tingo loan APK
Version Latest Version
Service Loan Provider
How to install the tingo loan APK
Simply Download the file provided above and wait for the download process to complete. Open your phone gallery and navigate to the download folder.
Open the download folder and locate the file you download above, open the file and you will see an install option, click on the Install button and wait for the installation process to complete. You can now open the app and start using it.
Tiago loan app download
In this section, I will be providing you with the direct link to download the tingo app directly from play store and this will give you the opportunity to use any of the download option that is convenient for you.
Name Tingo app
Version Latest Version
Service Loan Provider
Download Tiago loan app from play store
Tingo loan app login
The steps involved in the tingo loan app login is very simple and once you register on the app and login for the first time, all you have to do next time you intend to login is to open the APK and you will be taken to your dashboard immediately. However, that’s if your login session hasn’t expired.
If your login session has expired, all you have to do is to open the APK and you will see two boxes provided for your phone number and password respectively. Enter your registered Phone number and your four digits PIN and you will be taken to your dashboard immediately.
How to repay loan on tingo app
To repay your loan on the app, all you have to do is to open the app an navigate to the loan area of the app. You will see the breakdown of your outstanding loan. This includes the due date and the due amount.
Simply click on the repay button and you will be taken to the payment page, select your preferred payment method and follow the prompts to complete the repayment.
Tingo loan customer care number
If you have any issue on the app, you can get it resolved as soon as possible by getting in touch with the app customer care service and as at the moment of writing this guide, the only way to get in touch with them is through email. Below is the email address you can use to contact Tiago customer care service;
Email: [email protected]
Tingo loan review
Tingo loan has been able to generate more that 100,000 downloads within the few months of it’s lunch with a total star rating of 4.6 on Google play store.
This shows that the app is good at what it does at the moment of writing this guide but nevertheless, do not e late in your loan repayment.
Conclusion: Tingo loan app has given you the opportunity to apply for a stress-free loan and with the detailed information provided in this guide, I am sure that you should be able to use the app, it’s product and Services without any form of stress.
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