Nairago is another newly lunched app that can give an instant loan to help everyone in Nigeria who need money to grow their businesses, go shopping, pay electricity bills, data subscription or any other emergencies. If you have any kind of urgent money need, you can always make use of Nairago tp request for a loan and you do have it instantly to your bank account.
Nairago is already trending online and ready to serve everyone who need urgent loan for school fees or if you’re looking out to start a small business, you can get a startup capital from Nairago.
Requirement for Nairago Loan:
1. Must be Nigeria Citizen
2. Must be Between 18-65 years old
3. Must have Regular source of income
Nairago Loan Features
As it’s explained below are Nairago (Loan amount, Loan tenure, Interest, Service fee)
- Loans Amount: ₦8,000 to ₦200,000
- Loan Tenure: 91 days ~ 365 days
- APR: Minimum 12% to Maximum 50%
- Service fee: 0%
Nairago loan explain with a practical Example:
If the loan amount is ₦5,000 and the APR is 36.5% per annul with a tenure of 180 days, the services fee is 0%:
Interest = ₦5,000 * 36.5% / 365 * 180 = ₦900
You will get ₦5,000 and should repay ₦5900 (5,000 + 900)
Nairago Loan Repayment Example:
If you choose to make a one-time repayment loan plan, then you will make a one-time repayment of ₦5900 after 180 days.
If you choose to make monthly repayments loan on Nairago, then your monthly repayment amount will be ₦5900/6 = ₦983
Step by Step to apply a loan on Nairago:
- Download Nairago loan app
- Sign up
- Fill in basic details
- Apply for a loan
- Wait for approval
Is Nairago loan legit?
Yes, nairago loan app is legit and this is a newly lunched app that gives loan to everyone from N8000 to N200,000 for personal use and business owners.
Click on here download Nairago loan app today and enjoy instant N200,000 loan.
People that Check this post already check Fair Credit Loan app review
Nairago Contact information:
Any questions about using Nairago, please Contact:
Nairago Email: [email protected]
Nairago Address: EGBA LAGOS