In this article, we will be talking about Crowdyloan and all its attachments. This Crowdyloan review will explain to you all you need to know about the platform.
You will get to learn about what the platform is all about, how reliable it is, how to join or use it, and also how to earn from the platform respectively.
As we all know the Crowdyloan is not a new platform, it has been in existence for some time now and it is currently active at the moment of writing this article.
Despite the fact that the Crowdyloan platform has been in the game for years, some people still find a reason to doubt if the platform is legit or a scam, and that is what I am going to reveal to you step by step in this article.
Let’s start by talking about what the Crowdyloan platform is, and then to others.
Table of Contents
What is Crowdyloan?
Crowdyloan is a peer-to-peer platform, the platform exists with the help of the registered members. This means that the platform relies on member loaning to another member and the member also loans to another in return to earn a commission.
To become a lender on the platform costs N5000 as at the time of writing this article, the platform promise that each registered can earn up to 160,000 Naira per month doing basics.
As I mentioned above Crowdyloan is a platform that deals with the members giving loans to other members on the platform.
Members earn commission over the loan they give out but the commission is not from the lendee (the one borrowed loan), the commission is gotten from either a newly registered member or an existing member that is ready to provide a new loan.
Check out: Videomine.org Review 2022: Legit or Scam? Full Details
The Crowdyloan can be referred to as a Peer to Peer Ponzi scheme, however, the platform has some features that differentiate it from other existing platforms.
The features are that the platform has different levels and the higher the level, the higher your earnings on the platform.
At the launch of the Crowdyloan platform, its minimum donation was just N1,000 and with the N1,000 you will get five (5) people to donate N1000 each to you, and then will you be able to move to the next level.
However, the world revolves around, so did the Crowdyloan platform has its minimum donation changed from N1,000 to N5,000 naira for some reasons known to them alone.
The basic details about Crowdyloan step up as we will be talking about the possible reasons why they increased their minimum donation amount.
Before we dig in more on the increase in the minimum donation amount, let’s talk about how Crowdyloan works.
How does Crowdyloan work?
Has explained above that Crowdyloan is a platform that deals with Peer to Peer lending (P2P), I also mentioned that the platform has features that make it more different and that is Levels.
The platform makes use of six lending levels to classify its members, this means that to become an active member you have to lend out a loan of N5,000 naira to an existing member and then wait for commissions.
Levels on the platform show statistically how much you can make with the platform depending on your current level.
Let’s talk about the six-level in the platform:
Level Zero
This is known as the starter level or default level, this level is assigned to you as soon as you complete your registration on the platform.
To move to the next level you are required to give out a loan of N5,000 naira to an existing member on the platform.
Level One
As mentioned in level zero, this is the next level you will be assigned to when you meet the requirement on level upgrade.
The requirement is taking action by giving out a loan of N5,000 naira to an existing member on the platform, you will be upgraded to this level as soon as they confirm your donation.
Getting in this level one will give you the benefit of getting N5,000 from two members on the platform in 24 hours depending on the time.
Level Two
This being the second level apart from level zero, to upgrade to this level two you need to give out a loan of N10,000 to a member on the platform and you get upgraded as soon as the lendee consent to your donation.
Read Also: KashKash Loan App Review: All You Need To Know
The benefit of getting upgraded to level two is that you are eligible to get receive the amount of N20,000 in just 2 days from members.
Level Three
This is the third level apart from level zero, to upgrade to this level three you need to give out a loan of N20,000 to a member on the platform and you will get upgraded as soon as the lendee confirms your donation.
The benefit of getting upgraded to level three is that you are eligible to get receive the amount of N40,000 in just 4 days from members.
Level Four
This is the next level you will be assigned to when you meet the requirement on level upgrade.
The requirement is to give out a loan of N40,000 naira to an existing member on the platform, you will be upgraded to this level as soon as they confirm your donation.
Getting in this level four will give you the benefit of getting N80,000 from members on the platform in 8 days depending on the time.
Level Five
This level five is the last level of the platform levels, to get to this level you have to give out a loan of N80,000 to a member on the platform and you will get upgraded as soon as the member confirms your donation.
The benefit that comes with being upgraded to level five is that you will be eligible to receive a donation of N160,000 from members on the platform in just 4 days.
And that’s all on the Crowdyloan levels, the information on the first level to the fifth level shows that you will receive from N5000 to N160,000 Naira from the platform in 30 days.
After giving out the loan of N5,000 from your pocket, you won’t have to take another from your pocket again, the remaining will work for you.
Crowdyloan registration process
Registering for an account on Crowdyloan.com is easy and fast all you have to do is follow the below steps:
- First, visit the site here
- Go to the registration page
- Fill in your details as asked (Name, Email & Phone number)
Once you fill in the required details, click on the Register button and that will redirect you to the dashboard of your account.
Now you will have to go to your email account and then look out for the code sent by Crowdyloan, copy and paste the code in the box on the platform.
Then you will have your account verified and ready for use.
Crowdyloan Login Process
To log in to your account, all you have to do is go to the login page here and then input your registered email address and the password used during registration.
After inputting the details, click on the Login button and you will be redirected to the dashboard immediately.
Is Crowdyloan legit or a scam?
By now you should be able to decide whether to register with the platform based on the information above showing that Crowdyloan is a Peer to Peer platform and it deals with loans.
You have to be careful about your decision, decisions are the best thing one can take sometimes, the website is currently active receiving members at the moment.
To know more about the platform you can them a trial and have a better view of their services and all you can gain from using the platform.
Crowdyloan Customer Care Number
So many people have been searching for the Crowdyloan customer care number and in this segment, I will let you know how to reach out to Crowdyloan customer care agents at whatever point you really want to.
To contact Crowdyloan support, simply mail your complaints or observations to info@crowdyloan.com and then wait for their response.
Conclusion
Now that we have looked into the platform, we were able to figure out how reliable the platform is and how it works.
As mentioned do keep in mind that the platform is a Peer to Peer (P2P) Ponzi scheme and it relies on giving out loans. Make your decision wisely to save you or earn you money.
I hope you enjoyed this review, kindly share it with your friends and family who might want to read this. Thanks
