Jumia One Loan Application and Requirements to Apply 2024

Jumia One Loan – Are you in any way short of funds to increase or start up a business or maybe provide for immediate needs? worry no more Jumia gives you quick and easy loans to settle your needs.

This article is all you need to know about how to get a Jumia One Loan and various services with interesting offers it brings and their eligibility requirements, and how you can apply for them.

However, the Jumia One Loan platform works for people like you. In fact, they are also in business for everyone, for those who have a surplus, and for those who sometimes need help.

Table of Contents

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About Jumia One Loan

Everyone has probably heard of Jumia at some point. It is an online retail company that provides an excellent shopping experience to its customers. Since then, the company has diversified its activities not only in the field of online shopping but also in other aspects.

Jumia One Loan is one option. It is a fully automated rental platform powered by Jumia. They created a platform with a focus on making credit tools available to anyone and everyone; especially those who do not necessarily qualify for conventional bank loans.

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How much is available for loans?

First-time borrowers can borrow as little as 10,000 nairas. You can get 100,000 nairas based on your credit scores built up over time.

How accessible are Jumia One loans?

Jumia One loans are some of the most affordable loans you can get. They are available on the Jumia One platform 24/7. This means that every time you apply for financial assistance, you can enter the platform and immediately start the loan process. You can do the loan process on the Jumia One mobile app.

How long does it take to pay back the loans?

Loans like Jumia One are loans that are considered loans by the lender. These are short-term loans that provide financial assistance until the next payday.

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Pros and Cons of Jumia One Loans

Pros:

Zero collateral requirements
Fast loan process
No guarantor requirements

Cons:

The maximum amount you can borrow is low.

What is required to apply for a Jumia One loan?

These are the requirements that make you eligible for a Jumia One loan:

Your bank details
Bank verification number
A mobile phone with an internet connection
The Jumia One app
Your application

How To get a loan from Jumia?

Getting a loan from jumia is very easy, here are the steps:

First thing first, visit the Jumia pay android app
Journey down the financial section then click “Loans”
Provide all the necessary information they required
- You will receive an email requesting your disbursement details, this may take a minute tho
- Your account will be credited the moment you provide your details.
What is the interest rate on the Jumia loan?

Jumia One Loans interest rate is 3.5% monthly plus 0/5% processing fee.

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