Credit Loan App: Naira Loan 1.0.9

Credit Loan App is a personal loan platform available in Nigeria where individuals can apply for loans to address various funding needs. The application process is straightforward and can be completed in under 10 minutes with minimal documentation. Once approved, the loan amount is promptly transferred to the applicant's bank account.

• Loan Details:
• Loan amount: ranges from 1,000 to 100,000 Naira.
• Loan term: Shortest term is 90 days, while the longest is 365 days.
• Interest rate: Between 0.057% and 0.075% per day.
• Handling fee: 2%
• Maximum Annual Percentage Rate (APR): 35.49%

Loan Example:

If, for instance, the loan amount is 30,000 NGN, with a maturity date of 120 days and four repayment periods over four months, the interest payable would be calculated as follows:

Total interest = borrowing principal * daily interest * maturity date

Total interest = 30,000 * 0.075% * 120 = 2,700 NGN

Total debt would then be the principal of 30,000 NGN plus the interest of 2,700 NGN and a handling fee of 600 NGN, totaling 33,300 NGN. The repayment amount per period would be calculated as total debt divided by the number of repayment periods, resulting in 8,325 NGN. The APR for this scenario is calculated at 33.46%.

• Qualifications:
• Residency in Nigeria
• Age between 20 and 55 years
• Sources of monthly income

All transactions are securely encrypted with 256-bit SSL technology to ensure data protection during communication. Users' information remains confidential and will not be shared with any third party without explicit consent.

• Contact Information:
• Customer Service Email: [email protected]
• Address: 12 Celestial Road, Satellite Town, Lagos