Aella Credit – How to Get a Loan from Aella Credit

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alsoAella’s credit has been incredibly amazing and reliable. Sure, Aella loans are very helpful especially if you are struggling financially. You get paid as soon as it gets approved. Above all, the loans are disbursed on schedule. Thus, in this post, we will consider what is Aella credit, Aella credit loan requirements, and how you can get a loan via the Aella credit loan app. First, what is Aella’s credit?

Aella Credit

What is Aella credit

Aella Credit is a lending institution currently operating across Africa to provide credit access to the underbanked and unbanked by lending money to both individuals and businesses. Aella gives you everything you need to reach your financial objectives. They provide financial stability by providing all classes with rapid and simple financial services.

Regardless of your age, income, or stage of life from starting a job to retirement planning, Aella Credit offers financial solutions just with a tap of a button. You can use their smartphones to do several financial activities by using the Aella app. These transactions include paying bills, transferring money, conserving money at favourable interest rates, and obtaining credit quickly to make ends meet financially.

Nevertheless, several criteria will affect your loan offer, so to get the best possible offer, please make sure you use your mobile device and supply the necessary information. The length of a loan varies from person to person but is often one or three months. Loans can be repaid through the app using various methods like debit cards or Quickteller.

Aella Loan App

The Aella App automates the loan, insurance, payment, and investing processes for users. With our easy-to-use products, Aella restores authority to individuals and businesses alike by providing financial access to all in developing countries.

The Aella loan app is available for both iOS and Android users. So, to install the app you can go to your “App Store” or “Google Play Store” to download this loan app. Complete the registration process by accurately entering all needed fields. After finishing this, verify your eligibility and take out a loan for the amount that suits your needs.

With the Aella app, you may send money to friends and family for free using peer-to-peer transfers, keep a tab on your expenditures and project your upcoming costs. Also, you can manage and increase your wealth as you see fit.

Aella Credit Loan Requirements

To apply for a loan from Aella Credit, you will need to meet specific requirements and follow a set process.

You will need a:

  • Bank Verification Number (BVN).
  • Personal Information: Including your name, phone number, and email address.
  • Your bank account details.
  • A real-time photo of you may be required.
  • Employee ID Number: This is needed if you’re applying based on your employer’s partnership with Aella Credit.

How to Get a Loan from Aella Credit

In five minutes or less, you can be sure of a guaranteed loan for either personal or business usage. Here are the steps to follow:

  • The first step is to download the Aella Credit app from the Google Play Store or the Apple App Store for your mobile device.
  • After installing, open the app and indicate whether you’re applying through an employer that’s partnered with Aella Credit or on your own.
  • Provide your basic information to create an account, like your name, email address, and password.
  • Once this is completed, check your eligibility and borrow the amount that works for you.
  • Now, you can proceed to request a loan through the app. After applying, the decision typically takes a few minutes to a few hours.

Initially, you might receive a smaller loan amount, but as you repay and build trust, you can qualify for larger amounts, up to ₦90,000.

Frequently Asked Questions

What is the interest rate for Aella?

Aella Credit offers flexible interest rates ranging from 4% to 29%, depending on the loan term, which can vary from 30 to 60 days. They provides no agency or convenience fees for all bill payments, together with an interest reduction of up to 30% on early payback.

Aella Credit, for businesses offers a special product that allows companies to sign up and provide loans to their employees at competitive rates. The interest rate for these in-network loans ranges from 1% to 14% monthly.

Does Aella use code?

No, Aella Credit does not have a USSD code for loan applications. All applications must be done through the mobile app. They pride themselves on supporting women and their businesses. Over 45% of their users are female, and they offer a no-collateral, no-guarantor loan model with flexible repayment plans.

Does Aella Credit require BVN?

No, you don’t need to submit a BVN, where you can borrow money on Aella credit. Loan amounts range from N2,000 to N1,000,000, depending on your needs. The approval and disbursement of loans from Aella Credit happen quite quickly.

Is Aella credit approved by CBN? 

No, not yet. Aella Credit is a legally incorporated private limited liability business under the Companies and Allied Matters Act Cap C20, LFN 2004. Aella is authorized to offer short-term unsecured loans to individuals using a mobile lending application.