Aella is a fintech company that provides instant credit and payment solutions to emerging markets.
The Aella Loan App is designed to help customers access quick and easy loans, investments, bill payments, micro-insurance plans, and money transfers with just a few clicks on their smartphones.
This article will explore the features of the Aella Loan App and how it simplifies financial independence in emerging markets.
Contents
What Aella Offers
Aella Credit is the flagship product of the Aella Loan App, which provides quick and easy access to loans in just five minutes. The loan process is entirely digital, and customers do not need any paper documentation to apply.
All they need is their basic information, Bank Verification Number (BVN), and a smartphone running either iOS or Android.
The Aella Loan ranges from ₦2,000 to ₦1,500,000, with a tenor of 61 days to 365 days.
The monthly interest rate ranges from 2% to 20%, and the Annual Percentage Rate (APR) ranges from 22% to 264% per annum.
However, the customer has the flexibility to make early repayments at any point in the tenor, which attracts a discount of up to 60%.
For instance, a customer who borrows ₦100,000 on the Aella App for 180 days will pay a flat fee of ₦15,000, making the total repayment amount ₦115,000.
The APR for this customer is 15%, which is very competitive compared to traditional banks. There are no hidden charges or late penalties, which makes the Aella Loan App very customer-friendly.
How to Apply for Aella Loan
Applying for a loan on the Aella Loan App is a straightforward process that takes only a few minutes. All you need to do is:
- Download the Aella Loan App from your app store
- Create your account and update your profile
- Check your eligibility for a loan
- Apply for the loan
- Receive the funds in your app instantly.
Aella Pay and Aella Care
Apart from Aella Credit, the Aella Loan App also offers Aella Pay and Aella Care.
Aella Pay makes it easy for customers to pay bills, such as airtime, power, internet data, and transfers, at no extra cost.
With Aella Pay, customers can pay for their Glo, MTN, Etisalat, and 9Mobile airtime, as well as their EKEDC and IKEDC power bills, with just a few clicks on their smartphones.
On the other hand, Aella Care provides affordable healthcare plans and convenient access to hospitals and drug prescriptions across Nigeria.
With Aella Care, customers can get access to health insurance plans that suit their budget and lifestyle.
Why Aella Loan App?
The Aella Loan App stands out from traditional banks and other loan apps because of its unique features, such as:
- Quick and easy loans up to N1,500,000: The Aella Loan App offers quick and easy loans that take only five minutes to process.
- Up to 60% interest cut on early repayment: Customers who make early repayments attract discounts of up to 60%, which is not available in traditional banks.
- No agency/convenience fees for any bill payments: Aella Pay allows customers to pay their bills at no extra cost.
- Store money securely in your app: Customers can store money securely in their Aella Loan App, and there are no fees charged for this service.
- App transfers to any bank account across Nigeria: Customers can transfer funds from their Aella Loan App to any bank account across Nigeria, making it very convenient for them.
Privacy and Permissions
Aella respects the privacy of its customers and is committed to protecting their Personally Identifiable Information (PII) that may be collected through the use of their website or mobile application.
The company only accesses data on the customer’s device with their permission for identity verification, loan eligibility determination, and other legitimate purposes.
Customers can learn more about Aella’s privacy policy on their website, https://aellaapp.com/privacy-policy.
Contacting Aella
If you have any questions or issues while using the Aella Loan App, you can contact their customer service team through the in-app chat or send an email to support@aellacredit.com.
Customers can follow Aella on Instagram (@Aellaapp) and Twitter (@Aella) for updates and news.
Conclusion
The Aella Loan App is a game-changer in the emerging markets, providing customers with quick and easy access to loans, bill payments, micro-insurance plans, and money transfers.
With its unique features, such as early repayment discounts, no hidden fees or penalties, and the ability to store money securely in the app, the Aella Loan App is a reliable and convenient platform for customers to achieve financial independence.
Moreover, the Aella Pay and Aella Care features make it more than just a loan app, providing additional financial solutions and services to customers.
Overall, the Aella Loan App is a valuable tool for anyone looking to access instant credit and payment solutions in emerging markets, making financial independence more accessible and achievable for everyone.