RexCredit – How to obtain a loan in 3 easy steps

Jan 27th, 2022

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Nowadays, several credit facilities offer you loans easily and at your convenience. These facilities have taken over the conventional bank loan that requires a stressful and time-consuming process. RexCredit is a company that offers you instant credit at your convenience. Here is a summary of what you need to know about the company.

Rexcredit

An Overview of RexCredit

RexCredit is a financial institution that functions under a license for Money Lenders in Lagos, Nigeria. Basically, they borrow loans from individuals and businesses in need. The company consists of a group of financial service experts who focus on providing you with easy credit and wealth management facilities.

The financial institution is privately-held and has its headquarters in Lagos, Nigeria. In essence, the organization aims to provide Nigerians with instant loans easily and conveniently.   

Find out more about loans entrepreneurs can consider for business growth.

What services does RexCredit offer?

Basically, RexCredit is an institution that offers provides you with quick loan services. The company offers two different types of loan services. They include:

1. Personal Loans

As its name implies, Personal loans are loans you take for yourself. With RexCredit, you do not need to worry about insufficient money to cover your bills. Basically, you can receive instant loans via the company’s online platform to take care of your needs. The personal loan is easy to access, quick, collateral-free, and has a flexible payment plan.

2. Business Loans

Business loans are loans you borrow to finance your business. The platform allows you to take instant loans for your business. This loan is quick, convenient, and easy to access.

Basically, the company provides you with both a personal and a business loan service. Read more on how to apply for a business loan.


Get a loan up to N100,000 at the best affordable rates in Nigeria

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How can I apply for a loan on RexCredit?

Applying for a loan on RexCredit is simple. To apply for a loan, follow the steps below:

1. First, log in to their official website, www.rexcred.com

2. Click on the “Apply Now” toolbar and fill out the loan application form.

3. Upload all required documents.

Also, you can apply for a loan by sharing your email address and phone number on their official website. A representative of the company will contact you for further information.

What are the requirements for a personal loan on RexCredit?

To borrow a personal loan, you must meet the following requirements:

1. You have to be at least 22 years old and at most 60 years old.

2. A good Credit Bureau Report.

3. Your bank account should not have any history of returned cheques.

4. A stable monthly income. If you own a business, your business must be registered with CAC.

Lastly, you must be a working resident of Lagos state and have a functioning bank account with any commercial bank in Nigeria.

What are the requirements for a Business loan on RexCredit?

To obtain a business loan, you must meet the following requirements:

1. Your business must be registered with CAC (Corporate Affairs Commission)

2. If you are servicing an LPO request or a project, you must have a current LPO document, which you delivered and paid for.

3. Also, you need to provide a spotless Credit Bureau Report.

Lastly, your business account should have zero histories of a returned cheque.

What is the interest rate RexCredit charges on loans?

The interest rate the company charges depends on some factors. To get an estimate of the interest on your loan, try using the loan calculator on their official website. 

Does RexCredit have a mobile app?

No, they do not have a mobile application yet. You can only register and apply for a loan through their official website, www.rexcred.com

How can I contact RexCredit?

You can contact RexCredit via the following ways:

Office Address: APT A4 Plot 1624 Sakojo Street, Victoria Island, Lagos, Nigeria.

Phone Number: 016305628

Website: www.recred.com

Conclusion

RexCredit I a great credit platform that provides instant loans for you. Also, they are reputable for offering quick, easy, and flexible loans with zero collaterals. If you meet all the requirements above, you will certainly get a loan.

Need a loan? Kindly check out this platform that allows you to compare loans from several lenders in minutes. This would help you make the best decision for you.

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