Have you been searching for the best loan company that can lend you money with low interest rate? If so, this article is for you. 

Make sure you read to the very end. 

Rockit Lenders Nigeria Limited is one of the leading online financial technology companies in Nigeria that offers quick and convenient personal loans. Founded in 2019, they aim to provide Nigerians with access to affordable credit through their fast and paperless online lending platform. 

Some key things to know about Rockit Lenders

• They provide personal loans ranging from ₦50,000 to ₦500,000 with flexible repayment periods of 3-12 months.
• Loan applications can be completed entirely online through their website or mobile app without visiting a branch.
• Loan decisions are made within minutes and funds are disbursed directly into the applicant’s bank account.
• They do not require collateral or guarantors, only checking identity and employment documents.
• Affordable interest rates starting from 2% per month. No hidden or additional charges.

Eligibility Requirements

To qualify for a loan from Rockit Lenders, applicants must meet the following basic eligibility criteria

• Be a Nigerian citizen aged 18-65 years
• Have a valid means of identification like an International passport, driver’s license or National ID card  
• Provide proof of residence like a utility bill in your name
• Have a bank account in any Nigerian bank for loan disbursement and repayment
• Earn a monthly income of at least ₦50,000 from formal employment 

You should also have a clear Credit Bureau record with no negative marks for defaults or late payments on existing loans.

The Application Process

The entire loan application process with Rockit Lenders can be completed entirely online in 5 simple steps:

 1. Visit their Website

Go to www.rockitlenders.com and click on ‘Apply Now’ to begin the quick online application form.

 2. Enter Personal Details 

Fill in basic details like your name, date of birth, contact details, employment details and monthly income. 

 3. Upload Identification Documents

Upload clear scanned copies or photos of your valid ID, most recent bank statement and salary slip.

 4. Review Loan Quote

Review the loan amount, interest rate and repayment schedule they have preapproved you for. 

5. Accept and Sign Loan Agreement

If you accept the terms, sign the loan agreement digitally. Your loan will be processed immediately.

On average, the entire application takes under 10 minutes. You can also track your application status online.

Loan Approval and Disbursement

Once submitted, Rockit Lenders will carry out a quick verification process that includes:

• Checking ID details against government records  
• Verifying your employment and salary details with your employer
• Reviewing your credit history with Credit Bureau Nigeria

If approved, you will receive an approval notification by email or SMS within minutes. 

The approved loan amount will then be electronically disbursed into the bank account provided. The process from application to funds in account usually takes less than 24 hours.

Loan Repayment Process

Rockit Lenders offers loan tenors ranging from 3 to 12 months depending on your repayment capacity. Repayments are done via standing debit instructions from your linked bank account:

•  An equal installment amount is deducted every month on the repayment date you select
•  You can also repay the entire outstanding loan amount early without any prepayment penalty 
•  A repayment reminder is sent via SMS and email 3 days prior to each due date
•  Strategies like repayment holidays are available to assist in difficult times

Their customer support team can also be contacted via phone, email or live chat to resolve any issues regarding loan repayments or account details.

Conclusion

Thanks for reading to this end, With their fast, convenient and transparent online lending processes, Rockit Lenders Nigeria Limited is certainly making access to affordable credit much easier for Nigerians. 

By following the application guidelines carefully, you can get the funds you need in as little as 24 hours to support your shortterm financial needs. Just be sure to repay on time to enjoy this service seamlessly in the future as well.

P2vest is a leading digital lender in Nigeria thatt provides instant loans through its mobile app. As the fintech industry continues to grow rapidly in the country, more and more people are turning to platforms like P2vest for quick access to funds. 

In this comprehensive guide, we will cover everything you need to know about P2vest loans including interest rates, how to download the app, customer support details and more. By the end, you’ll have a clear understanding of how P2vest works and how to get started.

How Does P2vest Work?

P2vest operates an online peertopeer (P2P) lending model that connects individuals who need loans (borrowers) with individuals or institutions willing to fund those loans (lenders). 

P2vest Loan Interest Rates

P2vest loans come with flexible repayment periods and competitive interest rates compared to other digital lenders in Nigeria. The interest rates include;

 13 month term: 34% interest per month 

 46 month term: 2.53% interest per month

The actual interest rate a borrower receives depends on their individual credit profile and loan amount. In general, larger loans over ₦100,000 will have slightly lower rates.

Factors That Impact Interest Rates

A few key factors influence the specific interest rate P2vest offers individual borrowers

Credit score: Borrowers with higher credit scores typically qualify for lower rates.

Loan purpose: Rates may vary based on whether the loan is for personal or business use. 

Repayment history: Existing P2vest customers with ontime repayments see reduced rates on new loans.

How to Download the P2vest App

To get started with P2vest loans, you’ll need to download the mobile app which is available on Android and iOS

For Android

1. Open the Google Play Store on your Android device.

2. Search for “P2vest” and tap the search result. 

3. Tap “Install” to download and install the app. 

4. Open the P2vest app and complete the registration process.

For iOS

1. Open the App Store app on your iPhone or iPad.  

2. Search for “P2vest” and tap the search result.

3. Tap “Get” to download and install the app.

4. Open the P2vest app and complete the registration process.

The registration involves providing basic details to set up your account. You’ll then be able to start applying for loans right away.

How to Apply for a P2vest Loan

So you want to apply are the simple steps to apply for a P2vest loan once you have downloaded the app:

1. Log in to your P2vest account and select “Apply for loan.”

2. Choose your preferred loan amount between ₦5,000₦300,000 and loan term. 

3. Enter your BVN and profile details for verification.

4. Review the estimated repayment plan and interest charges. 

5. Accept the terms and conditions to submit your application. 

6. If approved, funds will be paid out into your linked bank account within 24 hours.

The entire application and approval process usually takes under 5 minutes. P2vest leverages technology like identity verification to expedite loan assessment.

Customer Support for P2vest Loans  

As with any financial service, issues may arise that require support. Here are the contact details for P2vest customer care

Call or WhatsApp

Call: +234 818 888 P2VE (+234 818 888 7823)

WhatsApp: +234 818 888 P2VE (+234 818 888 7823)

Customer care agents are available via call or WhatsApp from 8:00 am to 8:00 pm daily. You can also message them on email at support@p2vest.com

Email is best for nonurgent inquiries that don’t require an immediate response.

P2vest has walkin centers in key cities where customers can get assistance inperson. These include:

Lagos: 337 Herbert Macaulay Way, Yaba. 

Abuja: 19 Creek Road, Maitama.

Port Harcourt: 9 Aggrey Road, Diobu.

For the best customer experience, it’s recommended to first try the mobile chat or call options for quick support.

Conclusion

With fast approval processes, convenient mobile interfaces and competitive interest rates, P2vest provides Nigerians with a compelling alternative to physical banks and predatory offline lending. 

For many borrowers, it has become the preferred platform to access flexible working capital on demand.

Whether you need funds for personal use or to grow your small business, P2vest loans offer a digitalfirst way to borrow with minimal hassle. Download the app today to get started.

FAQs

Is loan app legal in Nigeria?

Yes, loan apps can be legal in Nigeria, but it is essential to differentiate between legitimate and fraudulent apps. The Nigerian government has taken action against illegal loan apps, delisting 37 such apps from the Google Play Store and Apple App Store.

Who owns P2Vest?

Austine Abolusoro is the founder and CEO of P2Vest Technology Limited. 

What are the requirements to qualify for a P2vest loan?

To qualify for a P2vest loan, you must be a Nigerian resident aged 1865 with a valid BVN and verifiable income source. Your credit score and repayment history also impacts approval odds.

Are you still guessing if Carbon loan app is still legit? Do you want to inow how it works or the interest rate so that you can borrow money today? 

This article is for you. Make sure you read to the very end. 

What is Carbon Loan?

Carbon Loan is a service that provides instant cash loans based on a person’s carbon footprint data. The company uses information from various sources like utility bills, travel history, online purchases etc to assess one’s carbon footprint. Those with a lower carbon footprint are eligible for higher loan amounts at lower interest rates.

How does carbon Work?  

The process of getting a carbon loan is as simple and straight forward, just follow this process. 

• Download the Carbon Loan App and provide basic details like name, address etc to register. The app will request access to various data sources to analyze your carbon footprint.  
• Allow the app to access sources like your utility bills, travel history from services like Uber or flight bookings, online purchase history and more. This data is used to calculate your household’s carbon footprint. 
• Based on the carbon footprint analysis, you will be given a carbon score. A lower score means a greener lifestyle and higher chance of loan approval. 
• Specify the loan amount you need and the repayment tenure. Carbon Loan uses the carbon score and your credit history to decide the interest rate.
• If approved, the loan amount will be credited to your bank account within a few hours. You need to repay the principal along with interest as EMIs during the chosen tenure.
• Make timely repayments to maintain a good credit and carbon score for accessing higher loans in future. Failing to repay can attract penalties.

 Is Carbon Loan Legit?

Carbon Loan is a legitimate loan providing platform that has disrupted traditional lending by introducing environmental parameters.Infact,  It is registered as a NonBanking Financial Company (NBFC) with RBI and authorized to provide loans. 

Loan amounts ranging fro 100,000 to 200,000 naira are offered based on the carbon footprint. Higher amounts may be available to high scorers.

How to Download the Carbon Loan App

To avail instant cash loans from Carbon Loan, simply download their official mobile app from the Google Play Store or Apple App Store

1. Search for “Carbon Loan” in the app store and install the top result from Carbon Financial Services Pvt Ltd. 

2. Open the app and tap “Get Started”. You will need to have the location access enabled for privacyfocused data collection.

3. Enter basic details like name, phone number and email to register. Read and accept the terms and conditions.  

4. Tap “Continue” to allow the app to access important data sources like utility bill payments, travel bookings, online purchase receipts and more over the last 2 years.

5. Once data collection is complete, your carbon footprint and score will be calculated and displayed. You can also view categorywise insights.

6. To avail an instant loan, tap “Borrow” and enter the amount and preferred tenure in months. 

7. Your loan eligibility and estimated interest rate will be shown. Read all conditions carefully before applying. 

8. On approval, the amount will be credited to your linked bank account within hours for urgent financial needs. Carbon Loan Interest Rates 

The interest rates

The interest rate charged on carbon loans offered by the company varies inversely with the customer’s carbon footprint score assigned after analyzing relevant lifestyle data. Here are some indicative interest rate:

• Carbon Score 81100  Interest Rate 12% 
• Carbon Score 6180  Interest Rate 14%
• Carbon Score 4160  Interest Rate 16% 
• Carbon Score 2140  Interest Rate 18%
• Carbon Score 120  Interest Rate 24%

FAQs about Carbon Loan

Below are some frequently asked questions related to the carbon footprintbased lending model of Carbon Loan

How long does it take for Carbon loan to be approved?

Carbon loans are typically approved within minutes after submission of all required details.

How do I know when my loan is approved?

If your application is approved, you will receive a loan offer outlining the loan amount, interest rate, repayment schedule, and any applicable fees.

Why did my loan get denied?

If your Carbon loan application is denied, you will receive a notification explaining the reason for the denial. Common reasons for loan denial include:

• Insufficient credit score or credit history
• High debt-to-income ratio
• Incomplete or inaccurate application information
• Failure to meet the lender’s eligibility criteria
• Previous loan defaults or delinquencies
• Insufficient income or employment history

To improve your chances of approval in the future, ensure that your credit score is healthy, maintain a low debt-to-income ratio, and provide accurate and up-to-date information on your application.

 Conclusion

In conclusion, Carbon Loan has introduced an innovative and sustainable financing solution that utilizes environmental data to make credit accessible at lower costs. By rewarding greener lifestyles digitally through preferential loan terms, the model effectively achieves dual objectives of financial inclusion as well as encouraging ecofriendly practices. 

As long as customers read all terms carefully, understand obligation of timely repayments and use credit responsibly for productive needs, carbon loans can prove beneficial in addressing urgent cash needs. With growing acceptance of digital lending, such outcomebased models integrating realworld user behavior are likely to shape responsible finance of tomorrow. Overall, Carbon Loan presents a viable, transparent and credible option for the costconscious, ecofriendly citizen within regulated norms.

 Additional FAQs:

1. What should be my monthly loan repayment capacity in terms of income to qualify for a carbon loan of Rs. 50,000?

 For a 12 month tenure loan of Rs. 50,000 at 14% annual interest rate, the EMI will be around Rs. 4,500. Your minimum monthly income should be at least 34 times the EMI amount which is Rs. 15,000 in this case.

2. What is the maximum tenure to repay a carbon loan?

 The maximum tenure or repayment period currently allowed by Carbon Loan is 24 months. Customers can choose equal monthly installments between 6 to 24 months based on loan amount and repayment capacity.

Do you just want to start a business and you have 20,000 Naira in your hand but don’t know the business to go in for? 

Starting a small business can seem daunting due to concerns around the large capital required. However, there are many viable options that can be launched in Nigeria with just 20,000 naira.

 In this article, we will explore 10 such business ideas with low startup costs but high potential for income generation. These opportunities require minimal investment yet offer flexibility and profitability when done properly. 

10 Business Ideas You Can Launch With 20k Naira Today

1 Online Tutoring

Online learning has surged in the past two years with many schools adopting blended or fully virtual models. This has created demand for online tutoring services to assist students of all ages. 

As a tutor, you only need a laptop or smartphone, internet connection, and study materials sourced from textbooks or educational sites. 

Charges of 500 naira per 30-minute session are reasonable. You can promote on WhatsApp groups, neighborhood Facebook pages, or word-of-mouth. 

Within months, consistent customers and good reviews can start generating decent monthly income.

2. Catering or Food Business

A timeless small business idea is cooking and selling local delicacies in your community. 

For 20k naira, you can purchase cooking equipment like pots, stove, knives, baking trays and basic food ingredients. 

Popular low-cost options are baking cakes/cookies, frying akara/doughnuts, or making zobo, kunu and other affordable ready-to-drink or snack products. 

Operate from your kitchen and deliver orders or have customers pick up. 

Package attractively and promote through neighborhood WhatsApp groups, flyers at local bus stops orMOS. Demand is guaranteed if quality and hygiene are maintained. 

3. Home Services

Multiple home service jobs require little overhead yet offer flexible income options. 

For example, you can launch a cleaning, laundering or grocery shopping venture by buying supplies with the capital.

 Invest in a cordless vacuum, set of cleaning tools, iron, soap powders and store them in a reusable crate or tote bag for visits. 

Provide these helpful services at reasonable prices to homes within walking distance. Another option is offering minor plumbing, electrical or carpentry jobs which have continuing demand in every community. Acquire basic tools and advertise your availability.

4. Digital & Micro Jobs

The digital economy breeds many freelance opportunities for those with internet-connected devices and basic computer skills. Websites like Fiverr, Upwork and Jiji allow individuals to sell services remotely. Assets needed may include just a smartphone, laptop or desktop computer and internet bundle. 

You can offer services like graphic design, website maintenance, article writing, online research, transcription, programming, etc and charge per job completed. Rates start from 500 naira for micro tasks while larger projects could yield thousands, providing flexible sources of income over weeks or months.

5. Social Media Management

As internet and smartphone penetration increases in Nigeria, so does social media usage among individuals and businesses. 

You can utilize your knowledge of major platforms like Facebook, Instagram, Twitter, TikTok and offer social media management services to small companies for a monthly or project-based fee starting from 2,000 naira. 

Services may include creating businesses pages/profiles, designing branded posts, running promotional campaigns, scheduling posts, engaging with customers, basic analytics and reports. Acquire the basic tools needed to get started from the 20k capital. 

6. Photography

Having good photography skills and basic equipment allows one to offer professional photography services to generate extra income. 

With a DSLR camera body costing 15-20k, add a couple of lenses, tripod, lighting kit, backdrops or stands. 

Once equipped, market your services to individuals needing product shots for listings, tailors/boutiques, food businesses, freelancers, events etc. 

Charging 1,000-1,500 naira per edited high-resolution image allows you to generate decent revenue each month from a few commissioned image shoots completed in addition to your main job. Equipment pays for itself within months.

7. Gift/Decor Making

Leverage your creative talents and curious mind by making attractive handicraft items that are always in demand. 

For less than 20k, you can buy materials, tools and basic supplies to manufacture products like scented candles, room diffusers, bath bombs, jewelry items, potpourri, photo frames, greetings cards, packaged cake toppers and more. 

Sell these gift items branded with your business name at affordable price points through social media promotions, craft markets and expos or directly from your workshop/home. Steady sales can be achieved if you consistently make unique, high-quality items people want. 

8. Beauty Services

To enter the lucrative beauty industry on a tight budget, consider offering basic services from home that require minimal investment. Essentials like a salon chair, dryer, manicure station, pedicure bowls, basic makeup kits, hair styling tools and sanitizers can all be acquired for 20k or lesser. 

Then promote affordable hair braiding, weaving, makeup application, manicures and pedicures services to your neighborhood and on local forums. Maintain high hygiene standards and you’ll steadily grow a regular client base through reviews in no time at all. 

9. Snack Preparation

There is constant demand for flavored, nutritious snack items among professionals, students and families. 

For less than 20k, purchase supplies and equipment needed to mass-produce options like energy bars, trail mixes, roasted chickpeas/nuts, baked cookies/chips, flavored popcorn in your kitchen. 

Package them professionally and market directly through contacts or via WhatsApp groups and neighborhoods societies in your area. 

Alternatively, register on delivery platforms to tap a broader customer base willing to pay premium prices for quality ready-to-eat options prepared fresh at home. Consistent sales can be sustained with variety and good taste. 

Conclusion

Starting any successful enterprise requires passion, dedication and being open to lessons through failures along the way. 

these 10 business concepts show it is absolutely possible to launch ventures in Nigeria today with as little as 20,000 naira through leveraging skills, catering to local needs and engaging networks creatively. Getting started is often the hardest part, so I hope these concepts provide viable options and inspiration for aspiring founders to take the first step. Please share any other questions

Thanks for reading to the end.

 FAQs

How long will it take for these businesses to become profitable?

The timeline to profitability varies depending on factors like scale of operations, demand for the products/services, and how fast the owner is able to gain customers. 

On average, online ventures and service-based businesses may cover initial costs within 3 months of starting consistently while food/product-making could take 6 months to a year depending on production volumes. 

What documentation or permits are required to launch my business in Nigeria?  

For very small neighborhood operations, registering the business name with the Corporate Affairs Commission (CAC) is sufficient. 

However, food-related ventures will require food handler’s certification and adhering to hygiene guidelines. Services dealing with chemicals, medicines, sharp equipment may involve additional permits depending on scale and location. 

Financing cameras is crucial for filmmakers and video producers at various stages of their career. However, many are unaware of unique financing options available for highend cinema cameras like those from Red Digital Cinema.

This article aims to shed light on some littleknown secrets behind Red camera financing and strategies that can help you fund your next production.

Why Invest in a Red Camera? 

Red cameras are considered the gold standard for cinemalevel filmmaking. Some key benefits of investing in a Red camera include

•  High Dynamic Range (HDR) and Wide Color Gamut for stunning imagery
•  Modular design for customization and futureproofing  
•  High resolution up to 8K for flexibility in postproduction  
•  Global shutter to eliminate rolling shutter effects
•  Interchangeable lens mounts for using various lenses
•  Robust codec options for efficient storage and editing

However, these professionalgrade cameras can be quite expensive, ranging from $5,000 for entrylevel models to $50,000+ for topoftheline configurations. Fortunately, there are alternative financing methods one can explore.

What Are Equipment Financing Options 

One straightforward way to finance Red cameras and other production gear is by applying for equipment financing through various lenders. Some reputed options to consider include:

AssetBased Lending 

Assetbased loans utilize production gear as collateral, allowing you to borrow a percentage of their value at competitive interest rates. Lenders inspect and appraise your equipment to determine eligible loan amounts. Repayment terms range from 15 years.

Equipment Leasing 

Equipment leasing treats cameras and gear as leased assets rather than purchased items. You make monthly payments over 14 years with no down payment. Ownership transfers once the lease term ends. Leasing may offer tax advantages over outright purchases.

TradeIn Programs

Some equipment dealers offer tradein value for older gear that can be applied towards new purchases. You may receive 4060% of used value in store credit to lower outofpocket costs. Just ensure items are in good working condition.

Do thorough research, compare multiple financing quotes, and read all terms carefully before committing. Having good credit certainly helps secure more favorable rates and terms.

The Secret Behind Red FlexFinancing

While the above traditional options work well, Red Digital Cinema offers its own unique “FlexFinancing” program exclusively for Red cameras  one of the best kept secrets in the industry. Here are some key details:

• No Down Payment or Credit Checks 

Unlike typical loans, FlexFinancing requires zero down payment and does not pull credit reports. This makes it more accessible for new filmmakers.

• Low Monthly Payment Structure

Payments are structured affordably over 35 years to fit modest budgets. Monthly installments are calculated based solely on camera configuration without factoring in other costs like interest.

• Purchase Option at End of Term

At the end of your payment term, you have the choice to either return the camera or exercise the purchase option at just 10% of initial value. This ensures you never overpay in the long run.

• Full Warranty Coverage

Red provides a standard 1year warranty on new cameras purchased under FlexFinancing. Extended warranties are also available for additional years of coverage.

• Flexible Qualification Process 

You only need to prove creditworthiness through valid identification, income documentation and a basic application process  far more lenient than conventional loans. 

The FlexFinancing program is arguably the most favorable option available for Red camera funding thanks to its flexible terms tailored specifically for filmmakers’ needs.

Additional Fundraising Strategies

While the above options can cover a major portion of camera costs, additional funds may still be required for accessories, memory cards, rigs etc. I’ll outline some grassroots fundraising strategies that can bridge financing gaps:

Crowdfunding Campaigns

Launching a campaign on Kickstarter, Indiegogo or a dedicated film crowdfunding site allows fans and donors to support your project in exchange for perks. Video proofofconcepts boost credibility. 

Equipment Rentals

Renting gear shortterm from local camera houses while saving up can be more affordable than leases. Explore membership rental programs too.

Collaborations and Sponsorships 

Partner with production houses willing to cofinance in exchange for credit. Local businesses may sponsor in exchange for marketing placements in films.

Gear Reselling 

Sell used items on platforms like eBay, Adorama used, KEH, B&H used to generate additional funds.

Conclusion

As you can see, there are clever strategies available to help you acquire the finest filmmaking tools without breaking the bank. 

Do thorough research, create a solid business plan, and leverage various financing options creatively. With perseverance and smart planning, your dreams of cinemaquality storytelling can be fulfilled even on a tight budget. Now get out there and start creating

Thanks for reading. 

Frequently Asked Questions

How much is the most expensive red camera?

The most expensive RED camera is the RED RANGER MONSTRO, with a starting price of $59,950 for the body only. 

How long does it take to get approved for Red FlexFinancing?

The FlexFinancing approval process is very streamlined and usually takes only 12 business days once you submit your application. 

Red aims for a quick turnaround so filmmakers can start shooting their projects without delays.

Is the purchase option at the end of FlexFinancing mandatory? 

No, exercising the purchase option is completely optional. If your production needs have changed after the term ends, you can simply return the camera with no obligations. The purchase option just ensures you never overpay through installment plans.

I hope this article provided valuable insights into financing professional cinema cameras like those from Red Digital Cinema. Please feel free to share any other questions in the comments below.