AjeLoan App Review: get personal loan in Nigeria

Aje loan is a Nigerian loan app that offers you short term personal loans starting from N5000 to a maximum amount of N100000.

The loan is 100% online, with no collateral required and you can apply at anytime, any day of the week.

How to Apply for Ajeloans

To get a AjeLoan, all you need to do is:

  1. Download and install the AjeLoan app from Google play store.
  2. Register and Complete your Personal Profile
  3. Share some details about yourself including your BVN.
  4. Make a Loan Request
  5. Get a Loan Offer based on your details
  6. Once you accept the loan offer, your Account is credited.

Ajeloan interest rate

Expect The interest rate offered on your loan to be between 5-30% monthly.
Representative Example of the total cost of the Loan:
-If you apply amount ₦ 4,000 with total 91days (45 days 1st installment & 46 days 2nd installment) loan on 22 Mar 2021.
-You will get the loan amount ₦ 4,000 on 22 Mar 2021.
-The 1st installment due date is 5 May 2021 with amount ₦ 2,000, Interest ₦ 90 and origination fees ₦ 810, due repayment is 2,000+90+810=₦ 2,900
-The 2nd installment due date is 20 Jun 2021 with amount ₦ 2,000, Interest ₦ 46 and origination fees ₦ 414, due repayment is 2,000+46+414=₦ 2,460
-The total repayment should be 1st installment due repayment ₦ 2,900 + 2nd installment due repayment ₦ 2,460 = ₦ 5,360.

Note: expect both your loan amount and loan tenure to be significantly lower as individual interest rate, loan amount and loan tenure are calculated based on the applicant’s credit score and credit worthiness. Keep a good credit score and repay your loan on time to qualify for higher amounts. See how loan apps make lending decisions for first time borrowers and how to increase your loan limit offer.

Why Choose AjeLoan

Loan amount: from ₦5,000 – ₦100,000;
Easy and flexible repayment plan
Interest rate is 0.013% to 0.05%
One time processing fee of 10%
Loan term: 91 days – 180 days;
Annual interest rates from 14%-20%.


Get revolving credit limit

Revolving credit means AjeLoan will borrow you a higher amount Everytime you repay your previous loans. You just have to pay back your loans on time to qualify.

Is Ajeloan legit?

AjeLoan loan is legit. A lot of customers have testified to receiving a loan from them. Read other customer’s reviews on Google play store. However, this app will call your contacts and embarrass you if you default on your loan. AjeLoan needs permission to access your camera, location, storage, and phone contact list. The requested content is meant to provide KYC information (part of which is needed to determine your creditworthiness), due to a lack of a centralized address verification database in Nigeria.

What will happen if I default on my loan?

Late loan repayments automatically incur a fee of 2% per day. It is therefore advised that one does not exceed the due date. Repay the loan by its due date allows you to access larger loan sizes. Late repayments will affect your ability to get subsequent or larger loans. If you are very late on your payments, they report to the First Central Credit Bureau. Blacklisting by the First Central Credit Bureau may affect your ability to borrow from other lenders.

loan eligibility

  • The loan is exclusively for Nigerian citizens or legal Nigerian Residents.
  • You should be aged between 20-60 years old.
  • You should have a verifiable Monthly income source.
  • You should have your 11 digit BVN number ready.

What Aje Loan could improve

Ajeloans does give out loans, but there are a lot of things the company could improve on its service.

There’s no guarantee that you’ll get approved for a loan at the offered rate: When you submit an initial application with Ajeloan, you get access to loan offers. But a lots of customers have complained of not receiving the loan that was approved for them or receiving a lower amount.

Borrowers have also complained of extremely high interest rates. One person said they were offered N4000 and asked to pay back N7000 within 7 days.

Then there are also service glitches on the repayment gateway. Sometimes, borrowers can’t repay their loans and the app continues to charge them late fees. If you really need a loan, consider more established lenders like Lendigo business loan for longer-term business loan or Aella and Arvo loans for personal loan.

How much can I borrow with AjeLoan?

AjeLoan will offer you a loan range between N5000 to N10000. Monthly loan payments, interest rates, and loan terms will vary depending on your credit score.

AjeLoan customer care number

For more information or recommendation, call the Customer service hotline:09039162704
WhatsApp: +234 903 916 2704
Office Address: 10 Adebola House, Off Salvation Road, Opebi, Ikeja, Lagos.


A writer! Columnist and an academic researcher


  1. Ajeloan send Defirmatory message to my Contacts.
    This is to inform the public that Olayemi (xxxxxxxxx) a 49-year-old woman, who lives at No 18 Town Planning Way Lagos State is a ruthless chronic debtor. She goes about borrowing and defrauding people, without the intention to pay back. She is currently on the run with our company`s money and refuses to repay. Beware of this fraudster as we are looking for her. Please, contact us if you have any information about her.

    Please Note: You received this message because this our client has your number in her Address Book, She provided while processing the loan

  2. To the Management of Ajeloan pls there is fire on mountain.Your staff conspired to defraud me with fake loan application. They lied and if I am not attended to I shall take to social media against you. Pls I neef management official of your company to chat with.Pls urgent

  3. One of ur agent sent me a message to click next on d app to upgrade my account ,not knowing he was tricking me to collect a loan after refusing severally that I wasn’t interested. Been chatting him to take the loan back, he is just saying he is working on it. Kindly see to this . Where can I send it to, I’m not interested in d loan now pls

  4. I collect loan from aje loan they didn’t credit me on the app they say l should repaid the money l did not collect

  5. I wish to report one of your loan recovery agent with number 09138651908 who called me on 09063563023 to know if I am Rev Adebanjo and I said no, but later sent me an embarrassing text, telling to make a repayment of loan I did not applied for, and that I should respect myself and make refund back to her. This to me is defamation of character, which of course I can take up legally against your Institution. While waiting for reactions.

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