NairaGO Loan Review, app Download Interest Rate and repayments

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Nairago can give an instant loan to help everyone in Nigeria who need money to grow their businesses, go shopping, or have any other emergencies. If you have any kind of money needed, you can always go for a Nairago loan.

Requirements

To get a loan from Nairago, you need to be:

1. A Nigeria Citizen
2. Between 18-65 years old
3. Regular source of income

Product Features

wants to know about Nairago Loan amount, tenure, Interest rates, Service fees, and repayment methods?
1. Loans Amount: ₦8,000 to ₦200,000
2. Loan Tenure: 91 days ~ 365 days
3. APR: Minimum 12% to Maximum 50%
4. Service fee: 0%

Breakdown

Example: If the loan amount is ₦5,000 and the APR is 36.5% per annul with a tenure of 180 days, the services fee is 0%:
Interest = ₦5,000 * 36.5% / 365 * 180 = ₦900
You will get ₦5,000 and should repay ₦5900 (5,000 + 900)

Lapo USSD Code, loan Interest Rate, Repayment, Application Form

Repayment Example:

If you choose to make a one-time repayment, then you will make a one-time repayment of ₦5900 after 180 days.
If you choose to make monthly repayments, your monthly repayment amount will be ₦5900/6 = ₦983

How to apply for a loan on Nairago:

1. Sign up
2. Fill in basic details
3. Apply for a loan
4. Wait for approval

App download

You can download the Nairago app from the play store

Read This: How to borrow money from palmpay – Loan USSD Code, App Interest Rate

NairaGo Contact Address

Any questions about using Nairago, please Contact:
Email: help@Nairago.cc

 

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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