Creditbag

Electronic Fox Limited

2009

Loan amount

NGN 10,000 to NGN500,000

Loan term

91 days to 365 days

Loan interest rate

12%~36%

Loan service fees

Charge 2.2% of the loan amount

Registration requirements

Must be at least 19 years old

Payment support

Payment via e-wallet

Apply Now

Updated Date:

Jul 7, 2025

Downloads:

100K+

Version:

5.2

Support:

Android 7.0 and up

Release Date:

Dec 24, 2024

Size:

35MB

Email:

[email protected]

Hotline:

+256788652221

Working hours:

7:00 Am - 4:00 Pm

Address:

88 Oduduwa Cres, Ikeja GRA, Lagos 101233, Lagos

Information

Registered Operating Area

Available in Nigeria

Age Eligibility Requirement

Applicants must be 19 years old or above

Income Requirement

Monthly income of at least NGN 1,200

Phone Number Requirement

Must have a phone number that has been active for over 6 months

Repayment Method

Online bank transfer

Documentation Requirement

Valid personal identification (ID)

Initial Loan Amount

Up to NGN 10,000

Interest Rate for First Loan

Interest ranges from 5% – 24% per month

New Customer Benefits

New customers receive special promotional loan offers

Standard Loan Interest Rate

12% – 36% per year

Loan Term

From 91 days to 365 days

Approval Time

Approximately 20 minutes after registration

Loan Service Fee

Transaction fee of over 2% per loan

Late Payment Penalty

NGN 240 per day

CreditBag is a modern online lending service built to provide users in Nigeria with fast, flexible, and reliable financial solutions. We are committed to offering transparent credit loans, enabling you to manage your personal financial needs anytime, anywhere.

Screenshot 1651

CreditBag Loan Illustration Example

Assume you borrow NGN 30,000 with:
Loan term: 4 months
Annual interest rate: 12%
Total interest: NGN 1,200 Total amount payable: NGN 31,200
Monthly repayment amount: NGN 31,200 / 4 = NGN 7,800
Monthly interest: NGN 1,200 / 4 = NGN 300

24/7 Online Lending Service

CreditBag supports customers 24 hours a day, 7 days a week. With just a few simple registration and basic verification steps, approved loans are transferred directly to your bank account in a short time.
Approval based on personal credit history, no deposit or guarantor required
Fully paperless process, completed directly on your mobile phone
Absolute data security commitment, no information is shared without user consent
Automated repayment reminders to help you manage your loan efficiently

How CreditBag Works

Download the CreditBag app from Google Play
Create a user account
Provide basic personal information and submit a loan application
The system evaluates and assigns a suitable credit limit
Select the loan amount and enter your bank account details
The loan is approved and disbursed within a short time

See More:

Loan Calculator

Based on the loan amount

I want to borrow

Term / Days

%/day

Loan Amount

10 000 000 $

Interest

70 000 $

Total Repayment

10 070 000 $

Annual Interest Rate

18 %

Apply Now

Number of Loans

Author: Sabiha Sathi

Sabiha Sathi is an experienced financial expert in the fields of credit and lending, currently serving as the Content Manager for the website. With a user-centric approach, she focuses on sharing carefully curated information about trustworthy online loan applications and is committed to delivering clear, fast, and effective borrowing solutions tailored to specific financial needs.