—Loan Term: minimum 91 days—maximum 365 days
— Interest rate: from minimum 18% to maximum 36% APR(Annual Percentage Rate)
— Loan Amount: ₦ 10,000—₦ 600,000
— Other Fees: No other extra fees
A representative example of the total cost of the loan, including all applicable fees
If you borrow 15000 NGN and the loan term is 6-month, an 18% annual interest rate is applicable. So the total Interest would be 15000 NGN *18%*180/365 = 1331 NGN.
The monthly payment would be (15000 NGN +1331 NGN )/6 = 2722 NGN. The total repayment amount would be 16331 NGN.
iNaira app is available to serve customers in Nigeria with Android phones only.
How to Apply
If you live in Nigeria, need quick cash to settle emergencies, and have an android device, all you have to do is
Step 1: Download the loan app for free
Step 2: Sign up to create an account
Step 3: Apply for a collateral-free loan in less than one minute
Step 4: Credit scoring using our algorithm will be carried out (no collateral needed)
Step 5: If eligible, the cash loan will be credited into your account within minutes if you are not eligible, please apply again.
To repay your loan, please log in to your iNaira app and follow the instructions. Repay your loans before the due date to improve your credit score, gain access to higher amounts on the loan app, longer tenures, and lower interest rates.
To get in touch, send an email to: [email protected]
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