Loan Guide

Tips on securing loans in Nigeria

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 how to evaluate the terms offered by various lenders. There are many different types of consumer loans. Some of the most common types of loans
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 to approve personal loans so quickly? They typically use specially designed software to consider a borrower’s potential risk factors quickly and easily. Combine that with
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 tough to secure. So what options are left for those aspiring to be the next Dangote? Angel investors Angel investors invest in early-stage or startup
2020 top banks in Nigeria by earnings
Gross earnings are income before taxes or adjustments, it is calculated as revenues minus expenses. Bank’s gross earnings is one measure among many of how well it uses its resources to produce a profit. In this educational article, we list the 2020 top banks in Nigeria by earnings. A company’s gross earnings are reported periodically on its income statement. The first line of the income statement reports a company’s total sales and revenues for a
When applying for an online loan these days, most companies will ensure that they verify the applicant before proceeding and funding their loan. This is a standard process to ensure that the loan is actually for that borrower and allows them to ask any follow up questions to make sure that the loan is appropriate for them. In this guide we will discuss a few of the key requirements to access loans in Nigeria. Key
In the age of greater access to loans driven by online lenders, bankruptcy remains one of the more misunderstood topics in Nigerian personal finance. The confusion and myths surrounding bankruptcy in Nigeria remain in part due to a lack of information on how to get a Loan After Bankruptcy in Nigeria. The Nigerian bankruptcy act of 2004 states a debtor commits an act of bankruptcy if “a creditor has obtained a final judgment or final
Nigerian students Asking the question “How do I pay for university?” is like asking, ‘How do I get to Lagos Island?’ or, ‘How do I start my side hustle?’ There are many ways to pay for university in Nigeria, but there’s not always one clear path. If you’re like most students and families, you’ll hustle together funds from different sources. Some types of financing methods are better than others, so use the following advice in