Everybody in Nigeria who needs money to expand their enterprises, go shopping, or deal with other situations can get a quick loan from Nairago. You can always apply for a Nairago loan if you need any form of money.
To be eligible for a loan from Nairago, you must:
- A citizen of Nigeria
- Between the ages of 18 and 65
- A consistent source of revenue
seeks information about the Nairago Loan’s amount, term, interest rate, service charge, and manner of repayment?
- 8,000 to 200,000 for loans
- 91 to 365 days for loans.
- APR: 12% to 50% as a minimum.
- No service charge
Example: The services charge is 0% if the loan amount is $5,000 and the APR is 36.5% per annum with a 180-day term.
Interest is equal to 5,000 * 36.5%/365 * 180, or 900.
You will receive 5,000 and must pay back 5,001 plus 900.
Loan Interest Rate, Repayment Schedule, and Lapo USSD Code
Example of Repayment:
If you decide to make a one-time payment, you will do so after 180 days for a total of $5900.
Your monthly repayment amount, if you decide to pay in installments, will be $5900 divided by six, or $983.
How to make a loan application on Nairago:
- Add fundamental information
Apply for a loan, third
- Await acceptance
The Nairago app is available for download from the Play Store.
NairaGo Contact Information
If you have any inquiries concerning Nairago, kindly get in touch with:
Message me at help@Nairago.cc