When it comes to borrowing money online in Nigeria, there are hundreds of loan apps promising “instant approval” and “stress-free cash.” But not all of them live up to the hype.
That’s why real user feedback is so important. In this post, we’ll break down what Nigerians are saying about AidaCredit in 2025, highlight the main pros and cons, and answer the big question: Is AidaCredit legit?
What is AidaCredit?
AidaCredit is a digital loan platform backed by Ishiagu Microfinance Bank Ltd, fully licensed and regulated by the Central Bank of Nigeria (CBN).
Unlike some unregistered loan apps that operate outside CBN rules, AidaCredit provides verified disbursements directly to your bank account, making it more trustworthy.
Since its launch, the app has gained popularity among salary earners, students, traders, and small business owners who need quick cash to handle emergencies or boost their business operations.
Real User Experiences (2025 Reviews)
Based on recent reviews collected from Google Play Store and fintech community forums, here’s how users are rating AidaCredit in 2025:
- ⭐⭐⭐⭐☆ (4.1 / 5 average rating).
- Over 1,000,000 active downloads.
- Positive feedback: Fast approval, quick disbursement, and helpful for emergencies.
- Negative feedback: Complaints about high interest and strict repayment reminders.
Here are a few summarized real-world experiences:
- Chinedu (Lagos): “I got ₦8,000 within 10 minutes as a first-time user. Interest is fair if you pay back on time.”
- Mariam (Abuja): “Good for emergencies but interest piles up quickly if you extend repayment.”
- Kunle (Ibadan): “Customer service responds, but they can be firm with repayment reminders.”
Pros of Using AidaCredit
- Licensed by CBN – safer than unregistered loan apps.
- Fast approval & disbursement – usually within minutes.
- No collateral required – all you need is your BVN and bank account.
- Higher loan limits over time – loyal users can access ₦500,000+ after consistent repayments.
- Simple app design – easy to register and borrow.
Cons of Using AidaCredit
- High interest rates – 4% monthly and up to 260% APR.
- Short repayment window – many loans range from 91 days, which may feel tight for some.
- Strict repayment enforcement – late payment comes with daily rollover charges.
- Limited first-time loans – beginners often get ₦4,000–₦10,000 only.
- App permissions required – needs SMS and phone data for credit scoring.
Is AidaCredit Legit?
Yes, AidaCredit is legit. It is powered by Ishiagu Microfinance Bank Ltd, which is a CBN-approved institution. This separates it from scam apps that may disappear after collecting user data.
However, while it is legit, borrowers should be aware of the cost of borrowing. Interest rates are higher compared to traditional bank loans, so it’s best for short-term emergencies rather than long-term financial planning.
Safety Tips Before Borrowing
- Borrow only what you can repay.
- Repay before the due date to avoid penalties.
- Start with small amounts to build your credit history.
- Read the terms clearly inside the app before confirming a loan.
FAQs About AidaCredit (2025 Edition)
1. Is AidaCredit safe to use?
Yes, it is licensed by CBN and regulated under microfinance banking rules.
2. Can students apply?
Yes, as long as you have a valid BVN and bank account.
3. What is the highest loan amount?
Up to ₦1,000,000 (and in some cases ₦2,000,000) for loyal users.
4. Does AidaCredit report to credit bureaus?
Yes, repayment history can affect your credit score positively or negatively.
5. Can I get a loan without BVN?
No, BVN is compulsory for verification.
Conclusion
In 2025, AidaCredit remains one of the most popular digital loan apps in Nigeria, thanks to its speed, reliability, and CBN approval. While interest rates are high, the platform works well for people who need fast emergency cash and can repay quickly.
If you’re looking for a legit loan app that actually pays out without drama, AidaCredit is worth considering, but use it wisely.
