Managing your loan costs effectively involves careful planning, budgeting, and making informed financial decisions. Here are some steps to help you manage loan costs: 1. **Understand the Loan Terms:** Familiarize yourself with the terms of the loan, including the interest rate, repayment period, and any associated fees. This will... read more →
Loan Guide
Tips on securing loans in Nigeria
Aug 31
Aug 08
Your credit score is important in determining if you meet the requirements to access a bank loan in Nigeria Improving your score can be achieved by following these steps: Pay bills on time: Late payments can have a major impact on your score, so make sure to pay all bills... read more →
Mar 12
The current trend of upwardly mobile citizens who emigrate from Nigeria to countries such as the United Kingdom, Canada and United States of America, colloquially named 'Japa Movement' shows no sign of slowing. The multitude of reasons given by those who wish to emigrate from Nigeria impacts a large proportion... read more →
Feb 08
To access bank loans for your business, you can follow these steps: Determine the type of loan you need: Different types of loans serve different purposes, such as working capital, equipment financing, or real estate. Prepare your financials: Gather your financial statements, tax returns, and other relevant financial information to... read more →
Jan 09
A Non-Performing Loan (NPL) in Nigeria is the sum of money borrowed in a loan contract in which the borrower has not made required repayments agreed to for at least 90 days. The 2019 Non-performing loans in Nigeria Ranking The Central Bank of Nigeria sets limits for banks and other... read more →
Mar 12
A housing loan in Nigeria is usually referred to as Mortgage and is defined as a loan that is given by a financial institution for purpose of purchasing real estate. This loan is usually for a residential property that is used as collateral to secure the loan. Housing loans usually... read more →
Jan 29
The goal of the National Identification Number (NIN) is to uniquely verify the identity of each citizen or foreign resident for security and development purposes. It also helps lenders to know the true identity of each borrower, so knowing how to check your NIN is now a key factor to... read more →
Jul 09
The types of loans offered in Nigeria differ from one another by the terms of the loans. Learning the differences between the various types of loans can help you evaluate your lending needs and weigh your options—you’ll have a better understanding of which loan will best suit your needs and... read more →
Jun 28
Home loans in Nigeria exist to help with such lump-sum payments as those for home purchase, rent, repairs and decorations for residents of Nigeria. In this article we guide you on the optimal loan tenor for your needs. How are home loans in Nigeria processed? How are online lenders able... read more →
Jun 11
Many young aspiring Nigerian entrepreneurs have an idea for their business but lack the capital to actually start it. Getting loans for Loans for Nigerian Startups can be incredibly difficult, as they are often turned down for bank loans, and even if your business is established, funds can still be... read more →
