Ultra Naira loan offers a convenient lending service to Nigerian citizens. With a quick online application process, UltraNaira aims to make obtaining loans easy and hassle-free.
This blog post covers their application process, honest review, loan product details, their app download, and customer care contact information.
How to Apply for an Ultra Naira Loan
Applying for a loan through UltraNaira involves the following steps:
- Install the UltraNaira app on your device.
- Register and log in to the UltraNaira app using your phone number.
- Fill in the required basic information.
- Submit the necessary KYC (Know Your Customer) documents and apply for the loan.
- Upon approval, Ultra Naira will transfer the loan amount directly to your bank account.
Loan Product Details
UltraNaira loans come with the following features:
- APR: Up to 36%, depending on the customer’s credit score
- Loan Tenure: 91 days to 180 days
- Service Fee: 0% to 10%, depending on the customer’s credit history
- Eligibility: Applicants must be between 18 and 60 years old
Loan Calculation Example
For a loan amount of NGN 10,000 with an APR of 30%, a service fee of 0%, and a loan tenure of 91 days, the repayment details are as follows:
- Interest: NGN 10,000 x 30% / 365 x 91 = NGN 748
- Service Fee: NGN 20,000 x 0% = NGN 0
- Total Amount Disbursed: NGN 10,000 (10,000 – 0)
- Total Amount to Repay: NGN 10,748 (10,000 + 748)
- Monthly Amount to Repay: NGN 3,583 (10,748 / 3)
Download Ultra Naira loan app
You can download ultra naira loan app from Google Play. Once downloaded, you can immediately sign up and request for a new loan.
The Ultra Naira app prioritizes the security of user data. All transactions are protected with 256-bit SSL encryption, and data is transmitted over a secure connection.
Ultra Naira Loan promises not to share user data with any third parties without consent, ensuring that your data remains safe.
Company and Loan Details
| Company | Loan Details |
|---|---|
| Company Contacts | Email: ultranairaapp@gmail.com |
| Address | Address: 56C Olorunlogbon St, Lagos |
| Interest Rate (APR) | Up to 36% (based on credit score) |
| Loan Tenure | 91 days – 180 days |
| Service Fee | 0% – 10% (based on credit history) |
| Eligibility | a Nigerian above 18 years old |
Ultra Naira is a modern and reliable loan service provider for Nigerian citizens. With a simple application process, customizable loan terms, and a strong emphasis on privacy, UltraNaira is an excellent choice for those seeking short-term financial assistance.
The interest rate is too much ..
I applied for loan this morning but i have not gotten any response from you.
Please where can i get a detailed directory of fintech companies in Nigeria
Ultranaira please where is thier office located in Lagos
I don’t know why I’m not eligible or activated for the flexi cash yet…as I do transaction knots every day on it