Nairabag Loan APK Download is a personal loan platform focused on providing quality loan services, quickly satisfying user needs and improving credit credibility.
As your credit score increases, the amount you borrow on each loan increases.
You can apply for a loan completely online, anytime, anywhere, according to your financial needs.
Why should you choose Nairabag Loan APK Download?
>There are no securities.
>Up to 500,000 NGN.
>Safe, reliable and flexible.
>We are open 24 hours online.
About Nairabag Loan APK Download Products:
>Loan Amount: ₦1,500 – ₦500,000
>Loan Tenure: 91 days (minimum including grace period) - 360 days (maximum including grace period)
>Maximum loan limit: ₦500,000
>Maximum Annual Interest Rate: 18.25%
>Service Fee: No other fees.
For example:
If you get a loan of $10,000 for 91 days, the total interest payable is: ₦10,000*0.05%*91=₦455; Interest payable monthly is: ₦10,000*0.05%*30=₦150; The total amount payable is: ₦10,000 + ₦455 = ₦10455
Eligibility:
1. Residence in Nigeria.
2. 20-55 years old.
3. Source of monthly income.
Nairabag Loan APK Download is committed to providing affordable financial services to low and middle income people who have limited access to the formal banking system.
How to Apply for Nairabag Loan APK Download
>The first step is to go to Play Store and download the loan app
>Register with your name, BVN and other details
>You will be asked to bind your ATM card, which may incur a $30 fee. Do this and continue
>Once your registration is complete, you will be logged into your account
>Search for "Credits" on your dashboard and click on it
>There you will see the amount you are entitled to
>Click on it and wait for payment
How Much Can You Get With a Nairabag Loan APK Download?
Through Nairbag loan application you can get up to #100,000 but if you are availing the loan for the first time you will not be able to get it. Your eligible loan cannot exceed #30,000, but if you get a loan through this loan application, it will increase.
Nairabag Loan APK Download Interest Rate and Repayment Period
Your interest rates range from 5% to 20% depending on the loan amount. Your repayment period is between 7 and 90 days.
For first-time borrowers, your interest rate will be higher while your repayment period will be shorter, which will improve as you continue to borrow through this app.
I am returning my Nairabag Loan APK Download
>Go to your dashboard to pay off your loan
>Click on Loan Repayment
>There you will find various options for repaying your loan
>Click on one and pay
>Once you make the payment, it will appear on your dashboard
>If this is not the case, you should contact them.
What happens if I default or refuse to pay?
If you default, you will be penalized with an increase in the interest rate on your loan, which can be up to 2%.
If you default, your name and BVN will be sent to the credit bureaus for blacklisting, meaning you will not be able to borrow again in Nigeria until you repay and receive the loan. Do not have your name deleted from a credit reporting agency.
How to Download and Use Nairabag Loan APK Download APK?
You can install APKs on all current versions of Android by following these steps:
- You need to download and install the APK.
- Navigate to Settings-> Security-> Unknown Sources
- Navigate to your phone's security settings by going to the settings menu. Turn on the Install from Unknown Sources option.
- Navigate to your download folder using a file browser. Tap the APK file to start the installation.
You may be unable to install some Apps due to compatibility issues, or the App may nag you for the latest version of the Play Store before allowing you to use it. Only devices running Android versions older than Android Oreo can use this method.
Conclusion
We believe you have now good knowledge about the Nairabag Loan APK Download APK. The mentioned details are enough to describe this App for your use. If you like the provided information about the App, please review and share it with all your friends who love this type of App.
Author
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