This app features some of the best and fast microfinance loans in Nigeria with good interest rates. The cumulative percentage interest of the loans depends on the duration and ranges from 3% to 24% while the APR percentage of the loans represented ranges from 29% to 33%.
This app main aim is to help you with easy access to the best microfinance loans, however before applying for each loan, please do check the terms and conditions of each loan organization.
If you choose a 12months loan of N1000 at an interest rate of 6% monthly, the interest rate is calculated as (N1000x0.06)=N60 interest. The total amount to be repaid is N1,060 while the amount to be repaid in 12 months is [1000+ (60x12)]=N1720.
This app is a fan app and not affiliated with any of the microfinance company. For complaints & inquiries, email; [email protected]