Loan Advice

Tips on securing loans in Nigeria

A bank loan is a form of credit which is extended for a specified period of time, usually on fixed-interest terms related to the base rate of interest, with the principal being repaid either on a regular installment basis or in full on the appointed redemption date. Depending upon the nature of the loan and the degree of risk involved, a bank loan may be unsecured or secured. Bank loans in Nigeria are provided by
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans in Nigeria including mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.   MEDIUM TERM BUSINESS LOANS Setting up a business or expanding your current one can be expensive. Some people
Profit Before Taxation combines all of the company’s profits before tax, including operating, non-operating, continuing operations and non-continuing operations. In this educational article, we list the 2018 top banks in Nigeria by profits. PBT exists because tax expense is constantly changing and taking it out helps give an investor a good idea of changes in a company’s profits or earnings from year to year. Profit Before Taxation (PBT) is the money retained by the firm
Medical loans refers to loans incurred by individuals due to health care costs and related expenses. In most cases medical loans in Nigeria are not provided by the hospital itself, but by a partner provider. Medical debt is different from other forms of debt, because it is usually incurred accidentally or faultlessly. People do not plan to fall ill or hurt themselves, and health care remedies are often unavoidable. Medical debt is often treated with
Most online moneylender loans in Nigeria are based upon the personal integrity of customers and not on the material security which they can provide. The function of lending is increasingly challenging and intellectually demanding. Not only have requests from borrowers become more varied; the use of different analytical techniques has become imperative. The present-day moneylender is faced with a gamut of lending propositions thus providing him with a practical test in risk appraisal and quality
Salary Advance is a small, short-term unsecured loan that relies on the borrower having previous payroll and employment records. With a salary advance in Nigeria, you repay it either out of your next paycheck or over an agreed time span. It requires your employer’s permission and some companies restrict the circumstances under which they’ll green-light an advance. Advantages of Salary Advance Advantages for the borrower using this type of service are: The facility is continuing,
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of medium term business loans in Nigeria including mezzanine financing, asset-based financing, invoice financing and microloans. Medium-term finance Medium-term finance refers that repayable within three to five years. it can be obtained in a number of ways for varied