Loan app

Irorun Loan App: How to Apply, Irorun App Download, Irorun Loan Requirements, and Repayment Schedule.

Irorun Loan App: How to Apply, Irorun App Download, Irorun Loan Requirements, and Repayment Schedule.

Irorun Loan is a digital loan company based in (Ogun state), Nigeria that provides microloans to individuals in need of quick financial assistance. The company offers various types of loans to cater to the diverse needs of its customers. In this article, we will explore the different types of Irorun loans available and how to apply for them. 

Irorun Loan App: How to Apply, Irorun App Download, Irorun Loan Requirements, and Repayment Schedule.
Irorun Loan App: How to Apply, Irorun App Download, Irorun Loan Requirements, and Repayment Schedule.

Loan details 

 

Owners of Irorun Loan App  Irorun Technology Limited
Licensed By  Ogun State Government of Nigeria 
Type of loan  Microloan 
Office Address  1B, Church Street, Off Ilo-Awela road, Ota, Ogun State.
Irorun loan Customer Care Number & Email Address  hello@irorun.com & +234 1 700 5288

 

Type of loan offered by Irorun loan 

Irorun loan Personal Loan: The personal loan is a flexible loan designed to meet the financial needs of individuals. This loan can be used for many purposes, such as paying off debts, covering emergency expenses, or funding personal projects. The loan amount ranges from N1000 –  N5,000, with a repayment period of 7 – 14 days. The interest rate is 1000 flat fee per loan amount, and the loan is repaid in installments.

Irorun Loan App Download 

Downloading the Irorun loan App from the Google Play store is a straightforward process. Here’s a step-by-step guide to help you download the app:

  • Open the Google Play Store app on your Android device. If you don’t have the app installed, you can download it from the Google Play Store website.
  • Once the app is open, tap on the search icon located at the top right corner of the screen.
  • Type “Irorun loan” in the search bar and hit enter. This will display a list of results related to the Irorun loan.
  • Locate the official Irorun loan app and tap on it to open its page.
  • On the app’s page, tap on the “Install” button to start downloading the app. The app will automatically begin downloading and installing on your device.

Irorun loan APK Download 

If you want to download the Irorun Loan APK file from websites, here’s how you can do it.

  1. Visit a trusted third-party website that offers Irorun Loan APK downloads. Some popular options include the Irorun official website, APKMirror, Uptodown, and Aptoide.
  2. Search for “Irorun Loan” in the search bar on the website.
  3. Click on the Irorun Loan app that appears in the search results.
  4. Review the app details and make sure it’s the official Irorun Loan app. Check the app’s version number and release date to ensure it’s up-to-date.
  5. Click on the “Download” or “Install” button to begin the download process. The app may ask for permission to install from unknown sources, which is normal for apps downloaded from third-party websites.
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Irorun Loan Requirements 

Below are the basic requirements for Irorun loan application. 

  1. Provide your next of kin: When applying for a loan through the Irorun app, you will be required to provide the name and contact details of your next of kin. This information is necessary in case of an emergency or if you are unable to repay the loan.
  2. Update your address: To ensure that you receive any important communication regarding your loan, you will be asked to update your address in the app. This information will also help the app verify your identity and ensure that you are eligible for the loan.
  3. Add your government-issued ID: To confirm your identity, you will need to upload a clear and legible copy of a government-issued ID, such as a driver’s license, passport, or national ID card. This document must be valid and current.
  4. Add a debit card: To facilitate the repayment of your loan, you will be required to add a debit card to your Irorun app account. This card will be used to automatically deduct loan repayments from your bank account on the due date. Make sure that you have sufficient funds in your account to cover the repayment amount.

Note: While applying for a loan through Irorun loan platform Avoid: 

  • Requesting more than you are capable of repaying
  • lying on your application; you would be found out, barred, and may be reported for fraud

How to Apply For Irorun Loan 

Applying for a loan through the Irorun Loan app is a simple and convenient process. Here’s a step-by-step guide on how to apply:

  • Download the Irorun Loan app: You can download the app from the Google Play Store or Apple App Store. Search for “Irorun Loan” and select the official app.
  • Create an account: Once you have downloaded the app, create an account by providing your phone number and email address. You will receive a verification code via SMS, which you will need to complete the registration process.
  • Fill in your personal information: After creating an account, you will be asked to provide some personal information, such as your name, address, and occupation. This information will help Irorun Loan to verify your identity and assess your loan application.
  • Apply for a loan: To apply for a loan, click on the “Apply Now” button on the app’s homepage. You will be asked to provide details about the loan you are applying for, such as the loan amount, repayment period, and purpose of the loan. Make sure to fill in all the required fields accurately.
  • Upload required documents: Irorun Loan may require you to upload some documents to support your loan application, such as a valid ID card, and debit card. Make sure to upload these documents in the correct format and size.
  • Submit your application: Once you have filled in all the required fields and uploaded any necessary documents, click on the “Submit” button to submit your loan application. You will receive a confirmation message via SMS or email once your application has been received.
  • Wait for approval: Irorun Loan will review your loan application and let you know whether it has been approved or not within a few hours or days, depending on the loan amount and repayment period. If your application is approved, you will receive the loan amount directly into your bank account within 24 hours.
  • Repay your loan: When it’s time to repay your loan, Irorun Loan will send you reminders via SMS or email to ensure that you make your payments on time. You can also log in to your account on the app to view your repayment schedule and make payments directly through the app.
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How to Repay Your Irorun Loan 

Repaying your Irorun Loan can be a simple process.  Here are some ways you can repay your Irorun Loan.

1. Funding your Irorun Loan wallet

Irorun Loan allows you to fund your wallet using various methods, including bank transfers, USSD codes, and online banking. Once you have funded your wallet, you can use the funds to repay your loan. To fund your wallet:

  1. Log in to your Irorun Loan account on the website or mobile app.
  2. Click on “Wallet” or “Fund Wallet” from the menu.
  3. Select the funding method that suits you (bank transfer, USSD code, or online banking).
  4. Follow the instructions provided to complete the funding process.
  5. The funds will be credited to your wallet instantly, and you can use them to repay your loan.

2. Bank transfer

You can also repay your Irorun Loan through a bank transfer. Here’s how:

  • Log in to your Irorun Loan account on the website or mobile app.
  • Click on “Repayment” or “Make Payment” from the menu.
  • Select “Bank Transfer” as the payment method.
  • Enter the loan amount and any additional charges (if applicable).
  • Enter your bank details (account number, bank name, and branch code).
  • Confirm the payment details and submit the payment request.
  • The funds will be debited from your bank account, and your loan will be marked as repaid once the transaction is successful.

Irorun Loan Interest Rates 

Irorun charges a flat fee of N1000 per principal loan, which means that if you borrow N10,000, your repayment amount would be N11,000. That is a very good interest rate.

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FAQs 

1. What is the Irorun Loan App and how does it work?

Irorun Loan App is a digital loan company based in Nigeria that offers microloans to individuals who need quick access to funds. The app allows users to apply for loans from the comfort of their homes or offices, without the need to visit a physical location.

To use the app, you need to download it from the Google Play Store or Apple App Store, and then create an account. After that, you can log in and fill out a loan application form, providing details such as your name, address, bank account number, and employment status.

The app uses advanced algorithms to assess your loan application and determine your eligibility. If you are approved, you will receive the loan amount directly into your bank account within a few minutes.

2. What are the loan amounts and interest rates offered by the Irorun Loan App?

Irorun Loan App offers loans ranging from N1,000 to N5,000, with flexible repayment terms of up to 14 to 30 days. Irorun loan charges a flat interest fee of N1000.

3. What documents are required to apply for a loan on the Irorun Loan App?

To apply for a loan on the Irorun Loan App, you do not need to provide any physical documents. However, you will be required to provide some basic information during the application process, such as your name, address, debit card, employment status, and contact details. The app uses this information to verify your identity and assess your creditworthiness.

4. How can I repay my Irorun Loan App loan?

Irorun Loan App offers flexible repayment options that allow you to pay back your loan in installments over up to 2 months. You can repay your loan using any of the following methods: bank transfer,  or online payment using your debit card or bank account details. The app also offers a grace period of up to 3 days before the first repayment is due. During this period, you can use the loan amount without making any repayments.

Conclusion

Irorun Loan App is a convenient and accessible option for individuals who need quick access to funds in Nigeria. With its user-friendly app and flexible loan options, it provides a hassle-free borrowing experience that is tailored to meet the needs of its customers. Whether you need funds for emergency expenses or business opportunities, Irorun Loan App is a reliable partner that can help you achieve your financial goals.

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