Credit Moi Loan App, also known as TLoan, is one of the mobile lending platforms in Nigeria that offers instant personal loans online. It is designed to provide quick loan services, giving users access to amounts ranging from ₦3,000 up to ₦1,000,000 without collateral.
According to the app description, loan tenors range from 91 days up to 365 days, and loan approval is instant. To get started, you only need to provide basic personal and financial information, such as BVN and source of income.
Loan Amounts: New borrowers can access loans from ₦1,000 to ₦50,000. The loan limit increases gradually as the borrower successfully repays previous loans.
Repayment Terms: Loan duration ranges from 91 days to one year (365 days). Early repayment, even before 30 days, is also possible.
Interest and Fees: The interest rate ranges from 6 to 24 percent. The daily rate is about 0.5 percent, which results in an annual percentage rate (APR) of approximately 12 to 30 percent.
These figures show Credit Moi interest rates are higher than traditional bank loans, but they are in line with other quick loan apps.
To download the Credit Moi, or TLoan, app, go to the Google Play Store and search for “Credit Moi” or “TLoan,” then install the one published by Giasun Technology Nigeria Ltd.
After installation, grant the app the necessary permissions, such as contact and message access, and proceed with the registration.
For iPhone users, there is no iOS version of the app. iPhone users would need to use an Android device or an emulator to access the service. And make sure to download the authentic version by confirming the developer’s name and user reviews.
One of the biggest concerns of online loan apps is their legitimacy. In the case of Credit Moi, the company operates legally.
Credit Moi (TLoan) is listed on the Federal Competition and Consumer Protection Commission (FCCPC) registry as one of the fully approved loan apps in Nigeria. The FCCPC, in collaboration with the Central Bank of Nigeria, enforces the 2022 Digital Lending Guidelines, which regulate interest rates, debt collection practices, and data privacy.
In the FCCPC October 2023 registry, Credit Moi was listed under LeeBurg Technology Ltd., while the Play Store shows Giasun Technology Nigeria Ltd. as the developer. This can be a partnership between the two companies.
Being listed on the FCCPC’s approved list shows that the Credit Moi loan app is not an illegal or unlicensed lender. It appears to be a safe and regulated loan provider, but it is still important to read user feedback and loan terms carefully before applying.
The Credit Moi (TLoan) app has been downloaded over one million times on Google Play and currently holds an average rating of 4.2 out of 5 stars from more than 12,000 reviews.
Positive Feedback: Many users praise the app for its quick loan application process. They report that once the loan application is successful, funds will be transferred to the bank account immediately. Others recommend the customer service team for their responsiveness and quick resolution of issues.
Negative Feedback: However, not all reviews are positive. Some borrowers complain that the loan interest and fees are too high. Others say the repayment deadlines are too short and they don’t follow the advertised loan tenors.
There are also online reports of aggressive debt collection practices such as frequent calls and text messages when a loan is overdue. While this issue is not unique to Credit Moi, it is common among many digital lenders in Nigeria.
The entire process is online—no paperwork or collateral required.
The app is FCCPC-approved and legally recognized in Nigeria.
Disadvantages
Interest rates are high, with APRs up to 30 percent.
Repayment periods are short, putting pressure on borrowers.
Some users have reported aggressive collection methods.
The app is available only on Android, with no iOS version.
Requires BVN and bank account details, which may discourage some applicants.
Conclusion: Should You Borrow from Credit Moi?
Credit Moi (TLoan) is one of the legitimate loan apps in Nigeria, widely used by millions of Nigerians. It offers quick access to loans without collateral, making it the best option for emergency cash needs.
However, it comes with high interest rates, short repayment terms, and worse debt collection practices.
If you are looking for a regulated digital lending option, Credit Moi may be a good choice. But if you are looking for low interest rates and longer repayment periods, the Credit Moi loan app might not be a good option.
