NairaGO Loan Review, app Download Interest Rate and repayments

Everybody in Nigeria who needs money to expand their businesses, go shopping, or deal with other emergencies can get an instant loan from Nairago. You can always apply for a Nairago loan if you need any kind of money.

Requirements

To be eligible for a loan from Nairago, you must:

1. A citizen of Nigeria
2. Between the ages of 18 and 65
3. A consistent source of income

Product Features

seeks information on the Nairago Loan’s amount, term, interest rate, service charge, and method of repayment?

1. 8,000 to 200,000 for loans
2. 91 to 365 days for loans.
3. APR: 12% to 50% as a minimum.
4. No service charge

Breakdown

Example: The services fee is 0% if the loan amount is N5,000 and the APR is 36.5% per annul 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.

Repayment

If you decide to make a one-time payment, you will do so after 180 days for a total of N5900.
Your monthly repayment amount, if you decide to pay in installments, will be N5900 divided by six, or N983.

How to apply for a loan on Nairago:

1. Register
2. Add fundamental information
   Apply for a loan, third
3. Await acceptance

App download

You can download the Nairado app from the play store

NairaGo Contact Address

Any questions about using Nairago, please Contact:
Email: [email protected]