UltraNaira Loan App, How to Apply, Ultra Naira Interest Rate

A trustworthy and convenient loan service is provided by UltraNaira for Nigerian residents. UltraNaira strives to make loan applications quick and simple with a 24-hour online loan application process.

The loan application process, loan product specifics, a loan calculation example, privacy policies, and contact information are all covered in this blog post.

How to Make an Ultra Naira Loan Application

The processes to applying for a loan with UltraNaira are as follows:

  • On your device, install the UltraNaira app.
  • Using your phone number, download the UltraNaira app and sign in.
  • Complete the necessary basic information.
  • Apply for the loan and submit the required KYC (Know Your Customer) papers.
  • When your loan request is approved, Ultra Naira will send the money right to your bank account.

Loan Product Information

Following are some elements of UltraNaira loans:

  • APR: Depending on the customer’s credit score, up to 36%
  • Loan term: between 91 and 180 days
  • Service fees range from 0% to 10%, depending on the credit history of the client.
  • Eligibility: Candidates must be between the ages of 18 and 60.

Example of a Loan Calculation
The payback information is as follows for a loan of NGN 10,000 with an APR of 30%, a service fee of 0%, and a loan term of 91 days:

  • Interest: NGN 10,000 times 30%/365 times 91 equals NGN 748.
  • Total Amount Disbursed: NGN 10,000 (10,000 – 0) Service Fee: NGN 20,000 x 0% = NGN 0
  • The entire amount due is NGN 10,748 (10,000 plus 748).
  • Monthly Payment: NGN 3,583 (10,748 divided by three).

Installing the Ultra Naira loan app

Download the Ultra Naira Loan app from this page. Once downloaded, you can sign up and request a new loan right away.

The protection of user data is a top priority for the UltraNaira app. Data is transmitted over a secure connection while every transaction is protected by 256-bit SSL encryption.

Your data will be kept secure because UltraNaira Loan assures not to divulge user information to any outside parties without permission.

For Nigerian individuals, UltraNaira is a cutting-edge and dependable lending service provider. UltraNaira is a great option for anyone looking for short-term financial aid because of its straightforward application process, flexible loan terms, and strong emphasis on privacy.

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