Naira Key provide flexible loan products. For online loans in Nigeria, super loans and best loans in Nigeria, please download and apply for Naira Key.
•Loan App Naira Key provides:
⚡Loan amount: ₦3,000~₦200,000⚡
Loan term: the shortest is 91 days, the longest is 365 days
Interest rate: daily interest rate is 0.1% monthly interest rate is 3%, the highest annual interest rate is 36%
Handling fees and other fees: 2%
Interest calculation formula
Monthly repayment amount = monthly repayment principal + monthly repayment interest;
Monthly repayment of principal = total loan/number of months of loan;
Monthly repayment interest = loan principal balance * loan monthly interest rate (loan monthly interest rate = annual interest rate/12);
Loan principal balance = total loan-number of months of repayment * monthly principal repayment.
Examples of loans:
Loan 200,00NGN; 12 months of loan; monthly interest rate calculation of 3% (monthly interest = annual interest/12 months):
Monthly repayment of principal=20,000/12=1666.67NGN;
Interest repaid in the first month=20,000*3%=600NGN;
Total repayment in the first month=1666.67+600=2266.67
The interest paid in the second month decreases: 1666.67*3%=50NGN
Total repayment in the second month=2266.67-50=2216.67NGN
Decrease 50NGN every month thereafter
The total interest is: 3900NGN
Total debt is 23,900 NGN
•Several steps to obtain a loan:
1. Install Naira Key;
2. Register an account;
3. Fill in the basic information and submit;
4. Apply online;
5. Deposit your loan directly into your bank account;
Repay your loan in time or complete the ""Increase Limit"" task to establish your credit limit and lower interest rates.
• Who can borrow:
1. Resident of Nigeria.
2. 20-55 years old.
3. Sources of monthly income.
• contact us:
Customer Service Email: [email protected]
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