Author: TriftCreditPlus

MPOWER Financing Loan

Training is known as the first-class legacy. In reality, we can’t exaggerate the standing of education. However, schooling is highly-priced, and in fact, getting a satisfactory training is even greater costly.

Many college students globally may not get admission to quality schooling due to one financial limitation or otherwise. Which such limitation in mind, that is the point MPower financing is available in.

If you are this type of college students. You need no longer to worry. MPower financing is available to cover all your education fees. They offer loans to both undergraduate and graduate college students resident in both US, Canada, and international students.

In this text, we would highlight all you need to realize about MPower financing. This consists of the requirement for eligibility and how you can easily process your loan with them.

MPOWER Financing  Loan

MPower is an educational institutional lending platform that provides college students with fixed-price educational loans. They have a belief that millions of students worldwide battle to get into school due to economic/financial constraints. And it’s in this motion that they created such offers to assist college students address this persistent issue.

This educational financial lending platforms get support from investors and various universities worldwide to provide college students a better financing education financing platform.

They aren’t just a financial education lender, but their purpose is to build students up for professional, financial and academic achievement.

Not like other numerous other schooling lenders, MPower financing doesn’t require a cosigner to receive an educational loan. As a substitute, they go through your credit history, Country of Origin, profession, educational capability, and university.

In fact, this makes them the highly recommended education financial lending platform of many students worldwide.
Similarly to a majority of these, MPower financing also presents students globally with a term of no-cosigner scholarship.

Advantages and Disadvantages

Advantages

1. The MPower financing loans and scholarships schemes are accessible to global college students without a cosigner. You could easily be eligible for a loan without having problems of having a personal cosigner.

2. Distinct to some educational financial lenders that carry out prolonged credit history tests on applicants, MPower financing does not do such. And as such, this indicates that applicants do not need to undergo credit history checks before getting a loan.

3. This financial educational platform has exceptional interest price discounts you may leverage on. Such interest rates include on-time payment reductions, automatic price discounts and numerous others.

Disadvantages
1. The platform loan restriction is quite low. As a student, you are only accessible to a minimum loan of about $25, 000 a year and a maximum lifetime loan limit of $50,000.

2. The MPower interest fees are relatively higher than other personal educational financial lenders. Their interest rates for college graduates are approximately 11.59% and 13.63% for all graduates.

How to Apply for a MPOWER Financing loan?

The process for applying for a MPower loan is a simple procedure. You may finish the whole procedure online. Follow these procedures to get a student loan.

• Go to their website at https://www.mpowerfinancing.com/ on your mobile browser.
• Tap on the call-to-action button, “Get started out” on the page that loads.
• After that, you will redirected you to an eligibility page to fill all the necessary required.
• Fill in all the eligibility requirements by inputting your important details. Those consist of your name, university, e-mail, diploma, and many others.
• After filling this information, click on the “check now” button.

If your profile is eligible, you can begin your application at once.

Amount available for borrowing

This financing platform has a loan maximum offer of $25,000 for each academic period. And if it interests you, you can borrow as much as a lifetime loan of $50,000.

Before you can be able to access any of their loans put out, you must first have your loan application submitted.

Compensation terms

If the applicant has been accredited for a loan, the MPower interest fees are in the range of 11.99% and 13.99%. As an international college student, you would only be needed to make a little interest payment towards the reimbursement of your loan. And upon graduation, you would have only 6 months privilege you begin your ten years repayment.

Conclusively, For anyone who wishes to study overseas but can’t, due to either an economic problem or the other, you could make use of MPower financing scholarship and loan platform. Visit their official website to get started.

Ways to Avoid Personal Loan Rejection

In every sphere of life, money is important in achieving what you need and every so often your financial savings won’t be sufficient. To take a personal loan is one of the simplest approaches to a short-time period of finance.

It can be disheartening to get your application for a loan rejected, particularly after going through all the processes involved. Having your loan application rejected is by no means a good element, that’s why you need to know how to avoid such instances.

If you are planning on applying for a loan from any lending platform, right here in this article are easy methods to avoid loan rejection.

Ways to Avoid Personal Loan Rejection

There are things every applicant should be aware of to avoid their loan application been rejected. Such include:

1. Credit Score Requirement:
Meeting up with the credit score is one of the most significant elements considered before granting a loan application. Every financial lending platform has its own distinct credit necessities.

It’s essential to test your potential lender’s credit requirements and make sure that your credit score rating is high enough.

Your credit score gives you a high probability of receiving the loan.
Your credit score is a number between 300-500 which describes your creditworthiness.

2. Income Requirement:

Meeting up with the minimum income requirement refers to the minimum amount of money you earn frequently as a salary earner or business person.

Financial Lenders always have a minimal earnings requirement to make sure that you can pay back the loan as at when due. Some lending corporations in Nigeria can also require your employment history for a particular duration.

Before applying for a loan, ensure you have a consistent source of earnings, as it would increase your probabilities of obtaining a loan.

3. Collateral:
Collateral can be measured as something which you pledge to forfeit if you default in paying your loan back as at when due. When an individual applies for a loan, financial lenders would require that you have an equal collateral as security because it lowers the risks involved.

Collaterals can be in the form of liquid assets or belongings. So for every applicant to avoid getting their loan declined, they should have a solid guarantee.

4. Debt-To-profits Ratio:
Debt-To-income ratio is a way of measuring the maximum amount you are able to borrow. If you have a high DIT, it simply means that you are actually borrowing more than you could pay, which is not a good idea to lenders.

Before applying for a loan, try to clear off your debts, as financial lenders will check your credit score records before thinking about approving your loan.

You need to also make certain that your Debt-To-income ratio is much lower than 43% as it indicates that you are able to financially pay back as at when due.

5. Required Document:
Digital Financial Lenders will ask you to offer some of your documents as part of your application process.

Those documents involve; bank statements, financial institution payslips, a duplicate of a valid identity, a letter of responsibility and every other document specified by the lender.

Ensure you fill in all the appropriate information and verify your documents before submitting it.

Conclusively, there’s no assurance that your loan request will usually be positive. It is possible you can meet all the necessities the lender asks for and nonetheless get a rejection.

In truth, it is on the lender’s discretion. But, you must continue to do everything necessary and try to avoid errors that may cause your loan request rejected.

Particularly, getting to know your potential lender is one predominant issue to bear in mind before applying for a loan. Try to compare different creditors to discover the most appropriate loan alternatives. Best of Luck!

Loan Applications in Nigeria

There are a lot of loan apps in Nigeria that perform well today by offering small-medium loans for clients who need them. Still, for some time, people who require loans above 100k have found it tough to get their required loan.

This is ultimate because some loan applications available no longer offers loans of up to that amount anymore. If you are such an individual, this article would help you stop your search as we would discuss some loan applications which can provide you with over 100k here in Nigeria.

Loan Application that Offers Over 100k At A Request

The trusted and confirmed applications that would offer you more than a 100k in Nigeria are:

1. Carbon (formerly known as Pay later):

This financial lending platform is a fast loan service available to you with the use of your mobile phone. They have 2 product packages available for all income earners only, and another package for other individuals. Additionally, you can make use of the app to pay all your bills at once like airtime and your electricity bills, all in the comfort of your home.

2. Aella Credit Loans:

Aella financial lending platform application makes it simpler for individuals looking for access to quick cash. Moreover, this application also focuses on personnel with a steady income. Aella Credit is affiliated with diverse credit bureaus available in Nigeria. That is because they employ an algorithm to determine your creditworthiness before approving your loans.

3. KiaKia Loans:

Short easy and fast, so it’s implied by its name “kiakia”, which denotes “fast” in the Yoruba language. This financial loan app offers individuals loans of up to N200,000 with variable interest rates relying on the nature of the loan. Additionally, the duration of the loan is within 7 to 30 days.

Loan Applications in Nigeria

4. Branch Loans:

This digital lender application gives you a loan without requesting collateral. In truth, all you need to do is to sign in on their platform by providing basic information. After your registration is complete, you may borrow as little as N1,000 or a higher amount of N 200,000 with substantial interest.

5. Xcredit: 

Even though it’s no longer a very famous loan app, it is still one of the top loan apps in Nigeria that has prepared an awesome loan package for its customers.

Presently, they offer a minimum loan of N2,000 and the highest amount of N500,000. Additionally, their loan plan spreads around 5 months and no collateral is needed. You will be asked to fill in your banking information for further checks.

6. 9ja cash Loans:

With a little similarity to xcredit, 9ja cash is a financial lending platform that isn’t widely recognized but works virtually properly. Applicants are allowed to borrow up to N300,000 for a range of 180 days. Nevertheless, their interest charge is quite huge as it ranges between 1%-34%.

Quite a few loan applications that offer such loans at once include Sokoloans, Palmcredit, 9credit, etc. But then we couldn’t add them up to our list of financial lending platforms, as most of them only offer a maximum loan of 100K.

We would presume there would be changes on such applications later in the future, but it is worthy to note that they are dependable and reliable loan applications.

In order to make a detailed and knowledgeable decision before choosing a loan app, make use of the loan evaluations from the different applications listed above.

It allows you to compare the pros and cons of the distinctive app product services. This guarantees that as a lot as feasible, you’re deciding on an offer that works well for you.

How To Apply For Loans?

The process to carry out an application for a loan is easy and applicable to all the loan applications listed in this article.

• Start by downloading their official app on the play store or App store.
• Install the app and get registered.
• Upon successful registration, you are allowed to apply for a loan.
• Be aware that each loan application has a maximum amount new users would be eligible to borrow but
• increases as you repay back as at when due.

Finally, The reputation and usage of loan apps are hastily growing, with many residents realizing how easy it is to get a loan. Moreover, you can be assured that all the apps listed here in this article are reliable and trusted. All you have to do is to download the app and sign in to be a partaker of their loan profits.

 

Federal Mortgage Bank Loan

In 1956, The Federal Mortgage Bank of Nigeria (FMBN) was launched. In 1994, it assumed its position as the status of the apex mortgage institution for Nigeria. Ever since then, it has been able to manage the contributory savings scheme known as the National Housing Fund (NHF) in Nigeria.

The National Housing Fund is a social investments project to organize long-term resources to advance loans to contributors. Its operation is one of the core mandates of the Federal Mortgage Bank of Nigeria. The FMBN in Nigeria is registered under the National Housing Fund Act (1992).

Aim of the Federal Mortgage Bank Loan

This loan scheme was developed only for the building, purchasing, or any renovations of residential housing of any applicant. This credit plan isn’t meant for the re-financing of housing loans.

Who are eligible to Apply for the Federal Mortgage Bank Loan?

Anyone who wishes to apply for the Federal Mortgage bank Loan must fulfill these requirements:

• Applicants must be a Nigerian and resident in Nigeria
• Applicants must be up to the age of 18 years.
• You have been a regular contributor to the National Housing Fund for approximately 6 months.
• Applicants must have substantial evidence of a steady flow of salary.

Required Documents  for Application of Federal Mortgage Bank Loan

• Copies of survey and site plans of the house.
• A photocopy of the approved building plan.
• Copies of your monthly income receipts.
• A valid savings account with any registered mortgage bank.
• Evidence of contribution to the loan scheme for a minimal duration of 6 months.
• Photocopies of title deeds or any substantiating documents.
• Detailed valuation report properly prepared by registered surveyors.
• A legitimate tax clearance certificate for at least 3 years or more.
• An approved letter of consent to your desired mortgage bank.
• Finalized mortgage loan application forms duly signed.
• A self-employed applicant would have to present the following: photocopies of Memorandum and Articles of
• Association with Certificate of Incorporation.
• Earnings receipt for the previous months for at least 3 months

Application Procedure

Principally, all applicants are expected to apply through any registered and licensed mortgage institution closer to them. They are not expected to apply to the Federal Mortgage Bank of Nigeria directly.

Any primary mortgage institution which the applicant’s decide to apply with must be registered under the FMBN to be able to access all the benefits of the national housing fund facility.

Accredited primary mortgage institutions do have the forms for applications for NHF Loans in their respective branches. Essentially, all these primary mortgage institutions registered under the Central Bank of Nigeria help in facility mortgage banking.

Loan Offer

An applicant is eligible to borrow a loan for a maximum amount offer of N15,000,000. Nevertheless, an individual is not expected to receive a credit loan above 90% of the value of the pledged property.

You can receive an all-inclusive loan, personalized to your housing needs by using this housing scheme. Essentially, it gives you the opportunity to compare loans from different institutional lenders across Africa certifying you don’t miss the best choice.

Interest Rate Applied

The National Housing Fund Act proposes an interest rate of 6% annually.

Loan Duration

The loan repayment duration only lasts for as long as 30 years. Consequently, an individual who borrowed the Federal Mortgage loan shall make refund by paying in bits to the mortgage institution through which they acquired the loan.

The Federal mortgage Bank works in a version which chooses mutual agreement with establishments that has financial and mechanical capacity which would be interested in bringing affordable mass housing scheme for the low-income earners.

Student Loan in Nigeria

Education has gone beyond the times of it been a privilege, but now a necessity. It is rooted deep in our culture of every Nigerian household, no matter the class.

For anything a person might be interested in, you need to pay for it to get more knowledge and make it worth it. So likewise, education isn’t cheap, but some students still find it difficult to fund themselves to get the desired education.

For such, this article would be narrating platforms which grants educational loans to students here in Nigeria. We would also highlight a way for students to get access to easy loans for their school funding.

What is Student Loan?

In a simple term, a student loan is a loan made available for only students to help them in their educational funding. This loan exist in different kinds, and it is different from other kind of loans.

The main difference of this student loan to a personal loan is the interest rate. The interest rate applied on this loan is much lower and has a flexible repayment duration.

Student Loan offered in Nigeria

1. Student Loan in Access Bank

This financial institution offers students with advance payment for tuition fees, which is to cover a student’s short-term financing needs while in school.

Features of this Loan

— They scheme ensures every student don’t get interrupted in their education because of funding.
— It would surprise to know that you can receive a student loan of up to ₦5 million.
— There are a variety of options to repay the loan.
— There are 24/7 remittance services.

Requirements for applying for this student loan

• A copy of an admission letter from your institution.
• A complete application form
• A receipt of your Tuition fee
• A letter of your parents/sponsors salary account
• A photocopy of your parents/sponsor employment ID/valid means of
• Your Bank Verification Number (BVN)

2. Student Loan From GT Bank
The GT Bank’s school fees is a loan scheme considered to finance the payment of your child’s tuition fees for schools only in Nigeria.

Features

• A student can get a tuition advance of up to ₦5 million in student loans with a maximum duration of 4 months on a request.
• There is a flexible interest rate
• Fast and quick access to the loan

Requirements Needed to be eligible

• A fully completed application form from the student and an employer undertaking form signed by the parents/sponsor.
• A photocopy of the tuition school fees receipt.
• The student/parent’s domicile account must be with GTBank to fully receive the benefits.

3. FirstEdu Loan of First Bank
FirstEdu loan offered by First Bank is majorly a loan targeted towards proprietors. This loan provides a fair funding for school proprietors for to purchase upgraded school facilities.

It also helps to meet the gaps of school funding prior to the payment of school fees by students.

Features/Requirements

• They offer a repayment plan which is about 90 days.
• Proprietors may have access to an amount of ₦10 million at the maximum.
• The only collateral which would be accepted is the schools’ domicile account for school fees is banked with First Bank.
• The school must have a population of 100 students at the minimum.
• The School must have an account with First Bank for a minimum period of up to 6–12 months.
• The main target of this loan scheme are private schools duly registered under the CAC and their individual State Government.

4. Federal Government Loan (Education)
The Federal Government of Nigeria has approved the creation of student loan boards and education banks by states at all levels with flexible interest rates to give students the easy access to those funds.

The government also agreed for the formation of education funds in all states of the federation. Much emphasis is expressed on ways to fund teacher development in the education sector. It also stressed the need of establishing a special intervention fund for persons with disability/special needs.

Conclusively, to fund education isn’t an enormous task as we make it look. There are several options available for students to access quick loans in Nigeria.

All that is needed of you is to decide to apply for any of the platforms mentioned above for granting loans for tuition fees and ensure you meet all their requirements.

Nevertheless, bearing in mind that there are numerous options to pick from, you can make a more knowledgeable decision by looking at each loan offers from different lenders and get the best deal for yourself.

Moneymie Online Banking

Nowadays, going to traditional banks to make transactions is time-consuming and tasking. The trouble of staying in long queues or probably going through one disappointment or the other while your transaction becomes unsuccessful is a very terrible situation.

However, digital banking solutions have solved this problem for absolutely everyone. Moneymie is a digital financial institution that provides customers with relatively simple conventional banking services which would be less difficult. With this digital conventional bank, you can rest assured to carry out seamless international transactions within minutes and not days.

What is Moneymie about?

Moneymie is a virtual platform that is designed to serve as a diaspora bank and transaction platform that provides global wire transfers, and mobile application services. In addition, this platform also provides access to use to make USD payments in the comfort of your home.

Essentially, they provide you with a platform that allows you to get entry to all traditional banking offerings via your cell phone. Customers can transfer, and receive money easily and make payments with different currencies by using this platform.

This privately-owned virtual banking establishment was launched in the year 2019. Their main services is in providing seamless intercontinental Banking, across-border investment, cash transfer, and a digital Banking service to the public.

Moneymie Online Banking

How does Moneymie help businesses?

Essentially, that is a virtual platform designed majorly for commercial enterprise owners. It also helps entrepreneurs to make smooth and rapid business bills. You can transfer and receive cash worldwide in minutes. The platform makes your businesses known with high and small-quantity OTC transactions.

Services offered by Moneymie Online Banking.

The digital intercontinental financial institution provides the following services:

1. Cash Transaction:
With this virtual banking platform, you can transfer money also receive money. You can receive across-border money from international countries like South Africa, Ghana, etc. Additionally, you can also convert your received foreign money into other foreign currency.

2. Across borders payments:
Essentially, this platform is also designed to allow its customers to carry out easy intercontinental transfers. The transfer can be done from your personal dollar wallet to any other dollar wallet. Such services are available within the US and over 90 countries.

Documents needed for registration

The amazing fact about Moneymie is that it’s far very easy to register an account on their platform. Essentially, you do not need any government-issued identity card before registering.

All that is needed of you is your basic information. They include your name, registered electronic mail address, active phone number, and a bank verification number.

How to register on Moneymie?

To have an account on this platform, you need to sign up first. Follow the steps below to register:

1. Visit your Google Play Store or App store
2. Search for Moneymie on the search menu
3. Download and install the application on your Android or iOS device
4. Tap on “sign up” and fill in your basic information on the page.
5. Lastly, go through the information you filled in to be sure it’s correct. You can then submit the form.

How to download Moneymie Online Banking Mobile app

Open the Play Store on your Android device. Also, you can open the App Store for iOS users.

Type ‘Moneymie’ on the search bar.

Download and install the app on your mobile device.

You can then log in to your account.

How to contact Moneymie Online Banking

You can get in contact with Moneymie through the following means:
Send your emails to: hello@moneymie.com

Dial their customer hotline: +1 512-766-6395

Conclusively, Moneymie is commonly a platform that offers virtual banking services. You can make money transfers and receive money from different countries. Also, you can also make easy home and intercontinental transfers instantly. Commercial enterprise owners aren’t omitted from this offer too. Above all, this platform is trusted and reliable.

Loan Scams and Fraudsters Online

When you are in need of money with a zero or no credit score, it’s likely that you would accept any offer that comes to you to get a personal loan. However, there are scammers online who are waiting for such an opportunity to make a gain from such a scenario. They will offer you mouth-watering loans through online website ads.

Most of us have encountered such situations and were able to not fall victim to them, but some of us were unfortunate. As much as we can’t explain their action for scamming, we can give some red lights to watch out for.
In this article, you would be taken through a number of caution signs which are the general experience of victims of loan scammers.

How Do You Identify Loan Scams and Fraudsters Online?

We would run through some very best approaches to understand when there’s something not right:

1.  Basic Information:

In no way should you give out your bank account number, date of birth, social security number, or any other vital information about yourself except if you’re certain you’re using an accountable lending institution.

Most of your personal information can be used by loan scammers in situations like identity theft or stealing from your traditional bank account. Nowadays, there are traditional banks that provide loans with no collateral and required less information.

2. They have no interest in your credit history:

Registered and valid financial lenders assess someone’s creditworthiness before offering the person a loan. When you do see claims like “No credit? No hassle! awful credit score? No credit?’’. Please avoid such, else you’d fall victim to loan scams. There’s sincerely a hassle. It’s your problem and not theirs. A trustworthy financial lender always has affiliations with the credit bureau.

3. In advance charges:

Some of these scam financial lenders would pretend those are either an application or document fees, but in all sincerity, they are not.

Now let’s examine this together: If you are trying to get a loan, then you are asked to send money before you get your loan. That’s a glaring scam.
Genuine lenders would state all their charges. Normally, they’re added to the amount of the loan and are not paid for in advance.

4. Offers made over the phone:

It’s far unlawful to make loan offers to individuals over the phone. Any financial offer must be in form of writing as an agreement between both parties. All the associated interest fees must be pointed out in the agreement.

5. Making Transfers:

When a financial lender stresses you to send money for any charges, that’s a caution sign. By no means would you send money to any person.
Continuously ask for the financial lender’s physical address. You can also visit the Financial Regulations office in the proscribed state to validate if it’s an authorized business or a loan rip-off.

6. Copied Name:

In a bid to look authentic, most smart loan scams would use a business name or design a website that looks so real or legitimate that they won’t be caught. I would advise you to visit any Business Bureau to verify if their address and mobile number are genuine. When you check their mailing address, and you notice it appears as POB, be cautious about such websites.

7. Nation Registration:

Creditors and loan agents are expected to register in the state in which they operate their business. This can be done by visiting The department of banking or the Financial Regulation office where you reside. This doesn’t guarantee if you would get all the experience of the lender, but it can help you know a loan scam when you see one.

8. Customer support:

Legitimate lenders have telephone numbers you can call in case of any inquiries or complaints. If you aren’t content with customer support, you shouldn’t give the organization your basic information. Don’t accept mobile robots, you need to be transferred to a company’s customer representative.

9. Critiques:

Online evaluations are very influential as they would help you identify and pick a good lender. To be sure of the business, you can use a search engine, like Google, to search the company’s profile. You can as well check for the name of the company founders as well.

If you spot terrible reviews, be cautious. If there is a constant bad impression from people across different locations.

10. Warning:

There are more than a few matters that should look off on at the sight of it. Be wary of electronic mail messages which comprise errors in spelling, punctuation/grammar, and capitalization.

They all are signs of unprofessionalism. If you get free duration, probably a year before you make repayments, avoid such sites. Pay attention if the lender says they don’t check credit score exams and will lend the money to you irrespective of past monetary troubles.

In Conclusion, the extent to which loan scams happens appears to be growing daily, with many being unlucky to be a victim. In case you have had an experience with a loan rip-off or loan fraud, visit your nearby regulation enforcement as quickly as possible to report such an incident. I hope this article has been able to educate you on some approaches which can make you know an online scam or fraudster if you see one.

Loan Scams and Fraudsters Online

KiaKia Loan

If you understand pidgin English, you’d know ‘Kiakia’ means fast, or better quickly. This is exactly the impression behind the KiaKia loan.

Kiakia is a digital lending loan app in Nigeria that gives small commercial enterprises and personal loans.
KiaKia loan platform which makes it very smooth to access a loan without any collateral.

Requirements for KiaKia loan

You need to provide the subsequent files and meet the necessities to qualify for a KiaKia loan:

• Legitimate means of identification
• Any bank account with a bank Verification number
• Additionally, a proof of income from your place of work or commercial enterprise
• An operating e-mail address
• You must be a resident of Nigeria
• Applicants need to be 21 years and above

How to Apply for a KiaKia loan

Follow the procedures below to apply for a KiaKia loan:

1. Visit the website and create an account with your correct information
2. Start an application chat on the web page
3. Add a valid means of identification(ID Card, Passport, or Voters Card)
4. Input your preferred loan amount
5. Select the loan duration that is convenient for you
6. Add a screenshot of 3 of your previous salary or commercial business income alerts
7. Accept the terms and conditions for your loan if your application is authorized
8. Authenticate your bank account, ultimately, you get credited

KiaKia Loan App

Presently, there’s no KiaKia loan app available in any of the app stores. All borrowing services are performed on their internet site. They believe this is to allow customers with mobile devices to get entry to all their services.

What is the KiaKia loan interest fee?

This loan offers as low as 5.6% and as much as 24% interest rates. Considering the speed of their applications, this isn’t an awful rate base. However, one aspect that is sure is that the exact interest charge would be shown to you during the loan application manner wherein you can either agree or reject it.

Loan repayment for KiaKia loan

Repayment terms on the Kiakia loan is quite easy. You only need to have repaid the loan between 7-30 days. However, it’s far advisable to pay your loans earlier if you may, due to the rewards that are included in it.

Pros and cons of KiaKia loan?

They involve:

Advantages

• Digital lending is simple and funds are released within minutes.
• Also, it does not require any severe documentation
• No geographical restrictions are applied. This means you can apply from everywhere in the world.

Disadvantages

• It comes with a loan processing fee
• Ultimately, the maximum amount to be borrowed is pretty low

Frequently Asked Questions:
A lot of users have some often asked questions on loans in Nigeria which are:

How Much Can I possibly get from KiaKia Loan?

You may borrow as low as N10,000 and as much as N200, 000 from them. But some customers are assigned a particular amount of loan at the beginning. As you’re taking and paying off a loan in time, your borrowing limit will increase.

Can We get a loan without following due process?
Yes, you may. However, it could be tough to borrow money on the platform without a steady means of income. Most creditors would prefer borrowing loans from individuals with a consistent and trusted source of income. The best choice could be to use loan apps that do not virtually consider your means of profit as one of the criteria.

We could recommend Loanspotafrica as one of the platforms that don’t use a source of income as criteria for you receiving a loan.

Can I apply for a personal loan without a salary?
Yes, you may. The development of technology in our generation today makes it easier to locate borrowers as compared to long ago.

Fundamentally, you can now get a private loan without having a salary. As a count of fact, all you will do is offer evidence of your account and go through the application procedures. One of the digital lending platforms that were first rated for this is loanspotafrica.

If I just started working, Can I get a loan?
Yes, you can. But, the loan amount might probably be lower than those with proof of substantial earnings, and you may not have enough earnings as they do.

If short-time loans are what you’re searching out for, then applying for a KiaKia loan is genuinely what you should try. You can apply for a larger loan if you earn credit score points with them for a while. All that is needed of you is to get registered by visiting their website, fill in the required details, and also you’ll have your loan application reviewed.

If it’s approved, then you will definitely get your loan right away. It is advised for you to only apply for a KiaKia loan only if you can find the money for it. There is no room for evasions.

You could achieve a complete loan, that meets your specific needs by making use of this platform.
You are also free to try out loans from different financial lending platforms throughout Africa, ensuring you don’t miss the best option.

EaseMoni Loan

We all have had an experience of having an urgent want of money and need an institution from which we can get the loan without collateral. Every individual would want a loan institution that would offer them a loan without stressing to queue at a bank?

In this article, we would discuss a platform in which an individual can get instant loans within minutes. EaseMoni is one among in which all Nigeria’s most popular loan provider which could provide you with immediate loans without collateral. With this platform, you do not have to bother about borrowing from banks anymore.

Introduction to EaseMoni Loan

EaseMoni is a Nigerian loan provider which allows individuals to apply for immediate loans at any time and anywhere. The company is owned by BlueRidge and was launched in the year 2009.

This financial lender grants quick loans without requesting any form of collateral. All you need to do is simply download their mobile app on your smartphone and apply for a loan. Within a matter of minutes, you would receive the loan you applied for.

Additionally, this digital lending platform offers you an opportunity to apply for a loan of up to N1,000,000. It doesn’t matter if you’re a new customer or a long-standing customer with the platform, you have access to all the services the platform offers.

However, your credit rating will increase if you frequently use the app and pay back your loan as when due.

Requirements to Borrow a Loan

There are certain necessities you should meet before applying for a loan on this platform. Those necessities involve:

1. You need to be a citizen of Nigeria and reside in Nigeria.
2. You should be within the age range of 20 – 55 years.
3. Likewise, you ought to have a reasonable source of revenue. This enables them to review your loan application correctly and decide the maximum amount of money you’re eligible to borrow.
4. All the basic information you provided on the platform upon registration must be valid.

EaseMoni Loan

How Do I Register on EaseMoni Loan?

To sign up on this loan app, do the following:
With your mobile device, go to your Google Play Store or App Store.
Search for EaseMoni on the Search bar.

– Download and install the mobile app on your device.

– Open the app and register an account by inputting your personal details.

– After registration, you can go on to apply for your loan and wait for approval.

How to Apply for EaseMoni Loan and get verified?

I would highlight some procedures to follow on how to apply for a loan:
1. With the stated steps above, download the app and finish your registration process.
2. Select the amount you need to apply for, fill in the information required of you, and submit.
3. Wait for verification and approval of your loan application. As soon as your loan application is approved, sign the loan agreement of the platform, and you’ll receive your cash right away.

If you follow the steps stated above and have all the needed requirements, there’s a possibility your loan application can be accepted.
Also, you must make sure that the mobile number with which you use to apply for a loan is the same number you do receive your credit alerts.

Are the Interest rates different?

There are different interest rates applied on this platform. They are as follows:

An interest rate of 5% to10% monthly with an APR of 60%-120%. This interest rate is applied based on your credit assessment.

For example, the loan payment terms for 91 days have an interest rate of 5%. A loan that was given at a principal amount of N3,000 will have an interest of N273.
Essentially, which means that the overall amount to be paid would be ₦3,273.

Loan Period

EaseMoni states that the payment of your loan should commence from 91 to 365 days. Basically, because of this, you get a grace duration of roughly 3 months.

Be informed that your loan period may also vary relying on the amount of money you borrowed.

How to download the mobile app?

The application can be downloaded with these steps:
1. Pick your android device and open your Google Play Store. If you have an iPhone, Open the App Store.
2. Search for ‘EaseMoni’ on the search menu.
3. Download and install the app.
4. Launch the app and begin your registration and apply for a loan.

Customer Service of EaseMoni Loan

All your inquiries and complaints can be addressed in the following ways:

Visit their office: Address 60 Adeniyi Jones Ave, Ikeja, Lagos, Nigeria
Email: info.easemoni@gmail.com
Dial their customer service line: +2349087614150
Send a message to their WhatsApp customer number: +2348073634739

Conclusively, EaseMoni is mainly an app that gives loans to Nigerians. With this app, you are sure of getting a loan of up to N1,000,000 without collateral. This app is authentic and appropriate for use as long as you get to pay back your loan in due time.

PayStack Application

As a business owner, you would require an easy way to receive payments made by your customers. To achieve such, online payment channels offer a more suitable way to perform such jobs.

In this article, we would be talking about a payment platform that facilitates a seamless payment process for you and your customer. PayStack is a payment platform that allows you to receive payments from customers using several payment channels without any hassle.

Understanding PayStack Application?

PayStack is a digital payment method that makes businesses to receive online payments from their customers easily. With the use of this platform, individuals and businesses accept payments effortlessly.

Paystack happens to be a privately-owned company that was launched in 2015. The platform was open to the public in 2016. By making use of this payment platform, brands can receive payments across and beyond Africa.

Entrepreneurs are not left out for those seeking to grow their businesses. Their market audience can expand by accepting local and international payments.

Products that PayStack offers

Fundamentally, the platform mainly gives individuals and businesses an alternative gateway to receive payments online.

Payments are made through websites, payment links, online stores, or invoices. What is needed to be done before you can receive payment easily is to integrate paystack into your website either on your mobile device or on your desktop.

As a business owner, your customers can pay for your products or services offered through different means. They can make payments either with their Bank Account, Bank Transfer, Visa QR, Card, USSD, or Mobile Money.

With the use of this platform, you get free access to other services like:
1. Making instant transfers
2. Providing you with detailed reports and alerts of how your business is performing.
3. It helps you reconcile your accounts
4. Every transaction and customer data recovery
5. Verification of the identity of your customers.
To get a full list of the services this platform provides, you can visit their official website and check it out.

Registration on PayStack?

During the registration process, some information would be required of you before you proceed to create your account.
Information like: Your business name, Your residential country, your first name, last name, email address, and phone number. Kindly go through your details carefully before creating your account.

How to register on the  PayStack Application?

As a newbie to the platform, you can register on this platform through their mobile app or on the web platform.
To register on their web platform, the steps below should be followed for registration:

1. You need to visit their official web platform or get a direct link to their web platform below.
2. You would see a menu “Create Free Account”, then click on it
3. You will be required to fill in your basic details when the page loads.
4. Click on “Create My Account” when you have cross-checked the details you inputted are correct.

Registration through the mobile app

The app can be downloaded both with android and IOS devices.
Go to the App Store (iOS Users) or Play Store (Android Users) and download the app and create a free account.

Is PayStack Application Safe?

As mentioned earlier, the platform is a secure payment gateway that utilizes a token system. The token system used in the platform generates public and private keys to protect every payment that occurs on the platform.
Several sensitive security measures have been implemented by the platform to ensure that it is safe for its users.

Transaction fees on PayStack Application?

The platform charges every customer a transaction fee of 1.5% of every transaction that they do. A little token of ₦100 is deducted from local cards. Similarly, charges of 3.9% and a token of ₦100 are being deducted on international cards.
However, for any transaction carried out which is less than ₦2500, a ₦100 fee would not be charged from your account.
The platform supports cards such as Visa, MasterCard, and Verve.

How to download the PayStack app?

Follow the steps below to download this app:
1. Open your Google Play Store app on your android device. You can as well Open the App Store for those who use iPhones.
2. Then search for “PayStack” on the App Store or Google Play Store.
3. You can now download and install the app to create a free account.

How to contact PayStack?

For those who may have queries or complaints, you can contact PayStack with the following medium below:

You can visit their office at #126 Joel Ogunnaike Street, Ikeja GRA, Ikeja, Lagos, Nigeria.

You can also phone their customer support: +234 163 16160

Complaints can be mailed to their email address: hello@paystack.com

Visit their website: www.paystack.com

Conclusively, PayStack is mainly an online payment medium that gives businesses the access to accept payments digitally.