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OxLoan Instant Loan in Nigeria

OxLoan Instant Loan in Nigeria

OxLoan-Instant Loan in Nigeria is the most famous version in the OxLoan-Instant Loan in Nigeria series of publisher OxLoan Tech

Additional Information

Genres
Version
1.0.0.1
Developer
OxLoan Tech
Requires
Android 5.0 and up
Android Android 5.0 and up Finance
Size
11M
Updated
December 11, 2021
Read
943 views
( 503 ratings )
Price: $0

OxLoan-Instant Loan in Nigeria poster

OxLoan Instant Loan in Nigeria
OxLoan offers flexible loan products.
What are my loan terms?
1.Loan Term: 92 – 365 days
2.Interest rate: 16% -21% APR
3. Loan Amount: ₦ 2000 – ₦ 70,000
4. Service Fee: 0
5. Minimum Annual Percentage Rate: 70.7%
6. Maximum Annual Percentage Rate: 224.89%
7. Grow with OxLoan and build your limit up to ₦100,000 by making your loan repayments on time
Example Interest calculation:
The lending amount is 1,000 NGN, the interest rate is 7.9%, the term is 180 days. on the due date, the amount payable is 1,074 NGN (1,000* 25.55% / 365 * 180 + 1,000)
The customer borrows ₦ 1,000 for 180 days (6 months), the APR is 7.9%
So the total Interest would be ₦1,000 *7.9% = ₦79
The monthly payment would be (₦1,000 + ₦79 )/6 = 179
The total repayment amount would be ₦1,074
(NOTE: These numbers are just a representation for calculating the rate of interest)
Why Loan Money?
1. credit amount up to ₦ 70,000.
2. Flexible loan term.
3.No hidden charges.
4. Quality customer care.
Who Can Apply?
1. Nigeria resident.
2. Over 20 years old.
3. Good credit.
Privacy and permissions: When you download OxLoan, we will ask you to scan your SMS and other information in order to verify your identity, creditworthiness, and provide you with one of the fastest loans in Nigeria. We take privacy very seriously, and your personal information will never be shared without your direct permission.
Ready to get started? Download the OxLoan
CONTACT US
We’re always excited to hear from you! If you have any feedback, questions, or concerns, please e-mail us at [email protected]
Message us on WhatsApp:+234 9073507290
Address: Lekki, Lagos, Nigeria

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