Irorun Loan Review, How to apply, App Download, Customer Care Number, Email and Address

Irorun is a product of Irorun Technologies Limited, a Nigerian fintech company that is licensed as a Money Lender by the Ogun State Government. They have developed a digital lending application that offers microloans to eligible users in a fast and convenient manner, requiring minimal documentation.

Irorun is committed to providing its customers with a seamless and rewarding borrowing experience. They value their customers and are dedicated to helping them meet their financial needs. As customers continue to use Irorun's services and demonstrate their creditworthiness, they will have access to higher loan amounts, with the maximum limit being ₦50,000. These loans are offered at a competitive interest rate of 10%.

To further enhance customer satisfaction, Irorun offers birthday gifts and referral bonuses. On their birthdays, loyal customers will receive special incentives as a token of appreciation. Additionally, customers who refer their friends and family to Irorun will be rewarded for their efforts.

This post will delve into Irorun Loan Review, How to apply, App Download,  Customer Care Number, Email and Address.

Irorun's Key Features

• Licensed Money Lender: Irorun operates under the authority of the Ogun State Government of Nigeria, ensuring compliance with regulatory standards.
• Quick and Easy Microloans: Irorun streamlines the loan application process, providing fast access to funds with minimal documentation.
• Loyalty Rewards: Consistent repayment opens up higher loan amounts and lower interest rates.
• Birthday Gifts and Referral Bonuses: Irorun celebrates your special day with gifts and rewards for expanding their customer base.
• 0% Interest Loans for Loyal Customers: In times of urgent need, loyal customers can access 0% interest loans for a limited period.

How to apply

Irorun makes it easy to apply for a loan. Simply follow these steps:

• Download the app or sign up on the web app: Visit the Irorun website or Google Play Store to download the mobile app or create an account on their web platform.
• Provide your next of kin: Enter your next of kin's contact information, including their name, phone number, and relationship to you.
• Update your address: Ensure your current address is accurately reflected in your profile.
• Add your government-issued ID: Upload a clear scanned copy of your valid government-issued ID, such as a national ID card or driver's license.
• Add a debit card: Link your active debit card to your Irorun account to facilitate loan disbursements and repayments.
• Apply for the loan: Once you've completed the profile setup, select the loan amount and repayment plan that suits your needs and submit your application.

App Download

For added convenience, Irorun Loan has developed a user-friendly mobile app available for download on the Google Play Store and iOS store. The app allows you to apply for loans, track your loan status, make repayments, and manage your account information.

Interest and Repayment

Irorun charges a flat interest rate of N1,000 on all loan amounts. This means that regardless of the amount you borrow, you will always pay an additional N1,000 in interest upon repayment. For example, if you borrow N5,000, you will be required to repay a total of N6,000, including the interest rate.

Irorun understands that financial circumstances can change, and they offer flexible payment options to ensure that customers can repay their loans on time and avoid late fees or penalties. Customers can make payments on or before their due date without any additional charges.

To make a payment, customers can simply fund their Irorun wallet using either their ATM card or an electronic bank transfer to their virtual account. Both methods are convenient and secure, allowing customers to make repayments at their own pace and without any hassle.

Customer Care Number, Email and Address

Irorun Loan is committed to providing excellent customer service. Their team is available to assist you with any questions or concerns you may have throughout the loan process. 

You can reach them via their website, email, or phone number via 1B, Church Street, Off Ilo-Awela road, Ota, Ogun State,  email at [email protected] and calls on +234 1 700 5288

FAQS

What do I need to get a loan?

To be eligible for an Irorun Loan, you must meet the following criteria:

• Be a Nigerian citizen or a legal resident of Nigeria
• Be at least 18 years old
• Have a regular source of income
• Possess a valid government-issued ID, such as a national ID card or driver's license
• Have a valid debit card

What interest rates are charged?

Irorun charges a flat interest rate of N1,000 on all loan amounts. This means that regardless of the amount you borrow, you will always pay an additional N1,000 in interest upon repayment. For example, if you borrow N5,000, you will be required to repay a total of N6,000, including the interest rate.

Must I be employed to be qualified for a loan?

No, you do not need to be employed to be qualified for an Irorun Loan. However, you must have a regular source of income that will show you are able to repay the loan as and when due.

How long does it take to get your loan approved?

Usually, it takes about 24 hours to decide on your loan [or longer on weekends] before they update you. If it's been more than 24 [or 72] hours and your loan status is still pending, get in touch with them on the app or at [email protected], and they'll check it out for you.

What are the Reasons why loans get declined?

Some reasons why loans get declined:

• Delayed loan repayments: Pay back previous loans promptly to improve your chances of getting approved for new ones.
• Poor selfie image: Ensure your selfie is well-lit and of high quality.
• Invalid ID card: Provide a valid government-issued ID, such as a passport, driver's license, or national ID card.
• Bank card issues: Use a valid Mastercard or Visa debit card that will be active beyond the loan repayment period.
• Mismatch in BVN and selfie image: Follow the selfie image guidelines to ensure it matches your BVN and ID documents."

Conclusion

Irorun Loan has established itself as a prominent player in Nigeria's fintech landscape, offering accessible and convenient microloans to individuals and businesses seeking quick financial support. 

As you consider Irorun Loan for your financial needs, remember to carefully review their terms and conditions, assess your repayment capacity, and maintain a positive credit history.