NAIRABAG LOAN – how to borrow money from Naira Bag

Nairabag is one one the new companies offering loan assistance to qualified Nigerians. They pride the self on being one of the best loan apps in Nigeria.

You may be wondering how to download the Nairabag Loan app, so in this article, I’m going to answer all your questions about their products and offers.


To get a loan from Nairabag, There are no complicated data to fill out. All you need is your basic personal data such as BVN, date of birth, email, and phone number. You will also need an account number to receive the money.

Here’s what you need

  • Minimum of 18 years old
  • Be a Nigerian citizen
  • Bank verification number
  • Account number
  • Phone number

How to download Nairabag Loan app

If you’re looking for a place to download the naira bag app, be mindful of the fact that the app is presently not on the Play Store.

You can download the app from the Nairabag website or register from there and make requests there too.

You just have to present your basic personal data, the BVN, and the bank account data to submit your loan application.

Once approved, the loan will be disbursed directly to your bank account, which is very convenient.

Interest rate

The Naira Bag interest rate can be between 5% and 50% of the principal loan per month. You may be required to pay up to 1,000 interest for a loan of 12,000 nairas.

You should always check and confirm the interest rate of any loan before taking them.

Is Nairabag loan legit?

You may want to know whether Nairabag is a legit loan lender. Well for now we cannot ascertain whether the company is legit or not.

As always, we do encourage people to make due research before taking a loan from any company. Also check their terms and conditions, loan terms, and interest rates.

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