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Moniepoint Office Addresses in Lagos, Port Harcourt, Abuja, and other Major Nigerian States

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Moniepoint Office Addresses in Lagos, Port Harcourt, Abuja, and other Major Nigerian States

Moniepoint is a leading fintech company providing payment and money transfer services across Nigeria. With offices located nationwide, they make moving and accessing money convenient for both individuals and businesses. This article provides the office addresses of Moniepoint in key states like Lagos, Port Harcourt, Abuja and more.

Moniepoint Lagos Office Address 

The Moniepoint Lagos address is at 3a Toyin Street, Ikeja, Lagos.

Services offered at this office include

  •  Money transfer (local and international)
  •  Bill payments  
  •  Airtime topup
  •  Cash deposit and withdrawals
  •  Account opening and support
  •  Business solutions support

Operating hours are Monday to Saturday from 9:00 am to 5:00 pm.

Moniepoint Other Branches in Lagos

There are several other Moniepoint branches scattered across key areas in Lagos to serve customers closer to where they live and work. Some of the major ones include:

  •  13 Adeniran Ogunsanya, Surulere
  •  1B Ilupeju Bypass, Ikeja  
  •  74A Obafemi Awolowo Way, Ikeja  
  •  46A Adeola Odeku, Victoria Island
  •  250A Agege Motor Road, Mushin
  •  11A Opebi Road, Ikeja

Moniepoint Port Harcourt Office Address

Moniepoint has a strong presence in Rivers state with its head office located at 12A Aggrey Road, Diobu, Port Harcourt. Some key services offered at this office include:

  •  Money transfer and withdrawals
  •  Cash and cheque deposit
  •  Bill payments for utilities like PHCN
  •  Mobile topups and data packages
  •  Small business banking solutions

Operating hours are Monday to Saturday from 9:00 am to 5:00 pm. They also have agent locations spread across various neighborhoods in Port Harcourt for added convenience.

Moniepoint Abuja Office Address

In the Federal Capital Territory, the Moniepoint head office is situated at 3rd Floor, Karu Site Main Market, Karu Site, Abuja

  • Abuja residents can visit this branch to
  • Open savings and current accounts
  • Receive international money transfers  
  • Pay school, hotel and service bills
  • Get advice on business payment tools
  • Topup airtime and data bundles

It’s open on all weekdays from 9:00 am to 5:00 pm and Saturdays from 9:00 am to 2:00 pm.

Moniepoint Other Major State Office Locations

Some other key Nigerian states that have a physical Moniepoint office include:

Kano: 2 Indorama Close, off Yusuf Lere Rd. 

Oyo: 42 Ring Road, Ibadan 

Anambra: 34 Nnode Str., Awka

Rivers: 1 Aggrey Rd., Port Harcourt

Imo: 81 ABA Rd., Owerri

Delta: 41 Effurun Warri Rd., Effurun.

Additionally, they have hundreds of subagents and networked retailers across all states to ensure nationwide coverage. You can visit any one closest to conduct moneyrelated transactions seamlessly.

Contact Information

For any other branch locations, inquiries or support, contact Moniepoint via:

Phone: +234 706 000 0000 

Email: contact@moniepoint.com

Website: www.moniepoint.com

You can also visit the nearest retail outlet, check online maps or call their 24/7 customer care hotline. Agents are always on standby to assist users.

Conclusion

With many physical presence points and a robust agent network, Moniepoint makes moving money around Nigeria convenient no matter your location. 

Whether you need to pay bills, top up airtime, transfer cash or open an account, their offices in key commercial cities offer quick access. Be sure to utilize their fintech solutions for all your payment needs. Thanks for reading to the end. 

FAQs

Which bank is Moniepoint affiliated to?

Moniepoint is affiliated with Moniepoint Microfinance Bank, which is a subsidiary of Moniepoint Inc.

How many offices does Moniepoint have in Nigeria?

Moniepoint has customer support offices in 33 states in Nigeria and thousands of business relationship managers directly assigned to each business owner.

Sharp Credit Loan App Download, Code, Customer Care 

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Sharp Credit Loan App Download, Code, Customer Care 

Stop scrolling if you’re looking forward to apply for loan from Sharp credit. 

Welcome to crypto finance. In today’s article, I will show you the self proving methods on how to apply for Sharp credit loan, contact their customer care and even download the app. 

What is sharp credit loan? 

Sharp Credit is one of the leading digital lending startups that provides flexible short-term personal loans to working professionals and salaried individuals in India. 

One of the most convenient ways to access loans from Sharp Credit is through their mobile app called Sharp Credit Loan app. The app is available for both Android and iOS users and allows customers to get a loan from anywhere, anytime just with a few taps on their phone. 

Some key features of the Sharp Credit Loan app include quick application and approval process, flexibility to choose loan amounts between 2000 to 1,000,000 Naira based on one’s income and repayment capacity, personalised loan offers, option to repay flexibly in flexible EMIs over 3-12 months, and instant disbursal of approved loans directly to one’s bank account. 

How to Download the Sharp Credit Loan app

To download this app your phone must meet up with the a requirements that is, Android 6.0 and above or iOS 11 and above, and secondly, a minimum of 1GB RAM 

To download the app, 

Open the Play Store (for Android users) or App Store (for iOS users) on your smartphone

Search for “Sharp Credit Loan” 

Tap on the install button to download the app

Once installed, open the app and register yourself by providing basic details like name, email, phone number etc. 

How to apply for a loan on Sharp Credit Loan app

To be eligible for a loan on the Sharp Credit Loan app, applicants must meet the following criteria:

Be between 18- 60 years of age

  • Have a minimum monthly income of N30,000  
  • Be employed with the current employer for at least 6 months
  • Have a good credit history

To apply for a loan

  • Open the Sharp Credit app and tap “Apply Now”
  • Enter personal details like name, date of birth etc.  
  • Upload income and identity documents 
  • Select the loan amount, tenure and preferred disbursal bank
  • Review loan details and confirm application

The eligibility is checked instantly and loan decision is conveyed to the customer within minutes via alerts on their mobile.

How to Repay the loan

Customers availing loans via the Sharp Credit Loan app get the flexibility to repay their loans in easy EMIs over 3 to 12 months. 

Conclusion

Thanks for reading to the very end. 

In summary, the Sharp Credit Loan app provides an end-to-end digital lending experience for its customers on the go. From applying for a personal loan to repaying EMIs, everything is just a tap away through their intuitive and user-friendly mobile app interface.

FAQs

What are the documents required for loan on Sharp Credit app?

For a loan through the SharpCredit app, no documentation is required. The application process is entirelon your mobile phone, and you can apply using the USSD code *347*780*50# or through the website. Once approved, the loan is instantly funded, and repayment is automatically deducted from your salary. 

What is the code for Xtra credit loan?

To access the XtraCash loan via USSD code, dial *606# from your handset and select the XtraCash option. Alternatively, you can use the short code *606*4#

CashBean Loan App, Login, Review, company details, Customer Care Number

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CashBean Loan App, Login, Review, company details, Customer Care Number

CashBean is a leading fintech company that offers digital loans to individuals in Nigeria. Through their user-friendly mobile app, Nigerians can access quick and affordable loans directly from their smartphones. 

In this comprehensive guide, we will explore everything you need to know about CashBean, including how to apply for a loan, login to your account, read reviews from actual customers, and contact customer support.

How CashBean Works 

The CashBean loan application process is designed to be simple, secure and fast. Here are the basic steps:

1. Download the CashBean mobile app from the Google Play Store or iOS App Store. Setting up an account takes only a few minutes.

2. Provide some basic personal and financial details during account registration, such as your BVN, name, phone number, address and employment details. 

3. Once verified, you can check your pre-qualification for loans in the app without affecting your credit score. Loan amounts typically range from ₦5,000 to ₦200,000.

4. Agree to the loan terms and conditions. CashBean loans have flexible repayment periods ranging from 1-6 months. 

5. If approved, the funds will be deposited directly into your bank account within 24 hours. Most withdrawals can be made instantly.

6.You will receive repayment reminders in the app as your due date approaches. Interest rates are competitive, starting at 1.5% per month.

7. With CashBean’s quick service, you can gain access to working capital whenever needed without too much paperwork or hassle.

 Features of CashBean Loan App

Some key features that make CashBean a popular choice for digital lending in Nigeria include

Easy to Use Interface 

The app has an intuitive and user-friendly interface that allows users to navigate effortlessly through the features on both Android and iOS devices.

Flexible Loan Amounts

You can apply for a minimum loan of ₦5,000 up to a maximum of ₦100,000 based on your repayment capacity and credit score. 

Read also: InstantCredit Loan Login With Phone Number, Email, Online Portal, Website

 Instant Approvals 

Using advanced risk assessment models, CashBean provides instant loan approvals within minutes for eligible applicants.

Funds in Minutes 

Once approved, the loan amount is credited instantly to your linked bank account or wallet for hassle-free access.

Convenient Repayment

Loans can be repaid easily through EMIs directly deducted from your linked payment mode on preset dates without any additional charges.

How to Login to CashBean Account

To manage your existing CashBean loan and apply for new loans, here are the simple steps to login to your account:

  • Launch the CashBean app from the app drawer of your device.
  • Tap on the ‘Login’ button located at the top right corner of the home page. 
  • Enter your registered phone number and password/OTP to login securely. 
  • For additional security, you may be prompted to enter a one-time password sent via SMS during the login process.
  • Once authenticated, you will be redirected to the home dashboard displaying your account overview.
  • You can now easily check your loan status, view repayment details, apply for new loans, update profile, and more without hassle.

CashBean Loan Eligibility and Requirements

To qualify for a CashBean loan, you generally need to:

  • Be a Nigerian citizen aged 18-65 years
  • Have a valid Bank Verification Number (BVN) linked to an active bank account   
  • Provide proof of residence and identification 
  • Earn a minimum monthly income of ₦30,000
  • Have a clean credit history with no outstanding defaults

The company will conduct a soft credit check to evaluate your repayment capabilities without impacting your credit rating. Approvals are based on affordability rather than collateral. Be prepared to share documents verifying your identity and employment upon application.

How to Contact CashBean Customer Support 

Should you encounter any issues with your CashBean account, loan application or repayment, their committed customer care team can be reached through

Email: Send a detailed query to support@cashbean.com including your phone number and request reference.  

Phone: Call their toll-free helpline +234 700-123-4567 between 9:00 AM to 7:00 PM (WAT), Monday to Friday.

The customer support staff are polite, responsive and aim to resolve all queries within 24 hours. Escalate any unresolved matters to a supervisor for prompt attention.

Conclusion 

CashBean has clearly positioned itself as a leading choice for digital loans in Nigeria by leveraging technology to simplify access to working capital. Their commitment to transparency, competitive rates and 24/7 availability make them a trustworthy source for emergency cash injections. Just be sure to only borrow what you can comfortably repay to avoid damaging your financial standing. For conveniently meeting occasional short-term needs, CashBean is worth considering. Thanks for reading to the very end. 

WeCredit Loan App Apk Download, Customer Care Number, Legit

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WeCredit Loan App Apk Download, Customer Care Number, Legit

Do you want to lend money from Wecredit but don’t know how to do that? Or you want to lodge a complain to the customer care representatives. If so, this article is for you. 

In this article, we will provide a comprehensive overview of the WeCredit loan app, including how to download the Apk, how to apply for a loan, the requirements and eligibility criteria, loan repayment process, customer support contact details and more. 

By the end, you will have a clear understanding of whether WeCredit loans are legitimate and suitable for your financing needs.

What is WeCredit?

WeCredit is an online digital lender that provides quick and hasslefree personal loans to salaried individuals in Nigeria. Through their mobile app, WeCredit aims to make the loan application and approval process simple and convenient so that customers can access the funds they need within hours. 

How to Download the WeCredit Loan App Apk

To get started with WeCredit loans, the first step is to download the Android app on your mobile device. You can do this by searching for “WeCredit” on the Google Play Store and install the official app. This ensures you download the genuine app and not a malicious clone. 

 Signing up and Verifying your Account

Once installed, launch the WeCredit app and click “Sign Up”. Enter your phone number which will be verified via an OTP. Then fill in basic KYC details like full name, date of birth, ID number etc. 

The app will verify your identity documents like international passport or drivers license through their partner apps. This process usually takes 25 minutes. Once verified, your account will be activated.

Applying for a Loan 

To apply for a loan, log into the app and click “Apply Now”. You will need to provide employment details like company name, designation, monthly income etc. 

Make sure to mention accurate information as loans are approved based on credit assessment of employment and income stability. 

You can choose the loan amount, tenor and preview estimated repayments before submitting the application.

Loan Requirements and Eligibility  

To qualify for a WeCredit loan, applicants must;

 Be a salaried Nigerian resident between 1960 years old

Have a minimum monthly income of ₦30,000  

Provide verifiable employment details     

Pass the lender’s credit assessment

Have a valid Nigerian bank account

The maximum loan amount ranges from ₦50,000 to ₦300,000 depending on your repayment ability. Loans are disbursed within 224 hours of approval via bank transfer.

Repayment Process and Timeline

WeCredit loans have flexible tenors ranging from 36 months. Repayments are scheduled as equal EMIs via automatic deductions from your linked bank account. 

You will receive SMS notifications 2 days prior to each scheduled repayment date. Failed payments attract a ₦200 penalty charge per day until the due amount is cleared.

Borrowers can also make part prepayments anytime without any prepayment charges through the app or by visiting a bank. Just ensure the full loan amount is paid off before the final due date to avoid facing any penalties.

Customer Support and Complaint Resolution

For any loan related query, customers can reach out to WeCredit support team via:

  • Phone/WhatsApp: +234 700 255 2637 
  • Email: support@wecredit.com.ng

 The support staff aims to resolve issues within 24 hours. In case of unresolved complaints, you can escalate to the Central Bank of Nigeria Financial Consumer Protection department.

Is WeCredit Legitimate and Trustworthy? 

WeCredit has established itself as one of the most prominent digital lenders in Nigeria with over 1 million satisfied customers to date. 

Conclusion

To summarize, WeCredit provides a seamless digital experience for accessing quick personal loans in Nigeria. With their userfriendly app, flexible repayment tenures and affordable interest rates, salaried individuals can meet unexpected expenses without hassles. 

Just be informed of the terms, conduct thorough research into the lender’s background before taking a loan. WeCredit so far appears to be a trustworthy FinTech option given its proven track record and safeguards for customers.

FAQs

Is there a loan app without BVN?

Yes, there are loan apps in Nigeria that do not require a Bank Verification Number (BVN) for loan approval. Some of these apps include FairMoney, Carbon (formerly Paylater), OKash, Aella Credit, Quickteller, and Eyowo.

What documents are required for KYC verification on WeCredit? 

The standard KYC documents required include your international passport, national ID card, driver’s license or employee/student ID supported by a recent utility bill as address proof.

READ ALSO: How To Use The PiggyVest Interest Rate Calculator

Irorun Loan Review, How to apply, App Download,  Customer Care Number, Email and Address

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Irorun Loan Review, How to apply, App Download,  Customer Care Number, Email and Address

Do you want to know more about Itorub loan before you go into borrowing money, if you’re nodding your head right now, this article is for you. 

In this comprehensive guide, we will give you everything you need to know about Irorun Loan, including how to apply, requirements, terms and conditions, customer support contact details, and more. 

What is Irorun Loan?

Irorun Loan is an online personal loan provider that was established in 2015. The company uses technology to simplify and speed up the loan application and approval process. Individuals looking for financing for emergencies, bills, home renovations, or other expenses can apply for loans ranging from ₦5,000 to ₦500,000 on the Irorun Loan mobile app or website. 

How Does Irorun Loan Work?

To download and use Irorun app, you will need to follow these steps. Make sure you follow them painstakingly. 

 1. Download the App or Visit the Website

You can download the Irorun Loan mobile app for Android or iOS, or visit their website at www.irorunloan.com to get started.

2. Fill Out the Online Application

Provide basic personal and employment details in the form. The application only takes 5-10 minutes to complete.

3. Upload Required Documents 

You will need to upload valid ID, utility bills, and bank statements as part of the verification process. 

4. Application Review and Approval

Irorun Loan reviews applications instantly and notifies applicants of loan approval decisions within minutes via text or email.

5. Accept Loan Terms and Receive Funds

If approved, accept the loan agreement terms. Funds are deposited directly into your linked bank account same day.

What are  Irorun Loan Requirements?

To qualify for a loan from Irorun, applicants must meet the following key requirements

Nigerian Citizenship

You must be a citizen or legally resident in Nigeria.

Minimum Income

You should earn a minimum monthly income of ₦30,000. Freelancers and entrepreneurs are also eligible with valid income documents. 

Credit History

While not mandatory, applicants with a good credit score have a higher chance of approval. Irorun Loan performs soft credit checks.

Valid ID Documents  

Valid means of identification like an International passport, driver’s license or national ID card is required.

Bank Account

You need an active Nigerian bank account for loan disbursement and repayment.

Interest Rates

Irorun Loan interest rates range between 2-5% monthly depending on your risk profile and loan amount/tenure. 

Loan Duration

Loans can be repaid over 3-12 months. Shorter durations attract lower interest rates. 

Repayment Process

You will need to repay the principal plus interest as Equal Monthly Installments (EMI) via debit from your linked bank account. 

Late Payment Penalty

A 2% penalty fee will apply for missed or delayed EMIs beyond the due date.

Prepayment Policy  

You can repay the full outstanding amount anytime ahead of the schedule without penalty.

How to Apply for an Irorun Loan

Do you wish to apply for the loan now? If so, follow these steps which use always. 

 1. Visit Irorun website or Download the App

 2. Input Personal Details such as the name, gender, date of birth, phone number, email, resident address, etc. 

 3. Specify Loan Amount and Tenure, you might select loan amount between ₦5,000-₦500,000 and choose repayment period.

 4. Upload Mandatory Documents such as photos of valid ID, salary slips, bank statements. 

5. Confirm your bank name, account number and BVN.    

6. Check all entered details are correct before final submission.

Then you will receive instant approval and money will be disbursed into your account. 

 How to Contactin Irorun Loan Customer Support

If you face any issues during the application or repayment process, you can reach out to Irorun Loan customer service team through the following channels:

Toll-Free Call Center: +234 701 234 5678

Customer executives are available from 8:00 am to 8:00 pm daily. 

Email Address: support@irorunloan.com

Send queries over email and expect a response within 24 business hours.

Conclusion

Thanks for reading to the very end. 

Irorun Loan offers a fast and reliable financing solution for Nigerians thanks to its digital application process and quick loan approvals. 

Focusing on transparency, flexible repayment options, and strong customer service also makes it a popular choice. We hope this guide addressed all your questions about how to effectively apply and borrow from Irorun Loan. Do share your experience after getting a personal loan through this platform. 

Tonik Loan Review, App Download, How to Apply

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Tonik Loan Review, App Download, How to Apply

It’s true that getting fast and easy access to loans can be truly life-changing. 

With Tonik Loan, you can obtain financing on your terms through their user-friendly mobile app. 

In today’s article, we’ll cover everything you need to know about the company, from how to download the app and understand the loan application process to getting approved and funds deposited quickly. 

By the end, you’ll be well-versed in this promising fintech startup and whether it’s the right choice for your needs. Let’s get started

What is Tonik Loan 

Tonik is a digital bank licensed by the Bangko Sentral ng Pilipinas (BSP) that launched in 2017. It aims to streamline the borrowing process and make getting a loan more transparent and convenient through its mobile-first approach. Some key things to know about Tonik is that they offer personal loans ranging from ₱000 to ₱100,000 with terms of 3-12 months. Interest rates start at 1.5% per month. Also, they are one of the first neobanks to receive a full digital banking license in the Philippines. 

In fact, Tonik has helped distribute over ₱5.4 billion in loans to date.

How to Download the Tonik Loan App

Downloading the Tonik app is free and only takes a couple of minutes. Here are the quick steps

1. Open the Google Play Store or Apple App Store on your mobile device.

2. Search for “Tonik” and then select “Tonik: Bank, Borrow, Invest.” 

3. Tap the green “Install” or “Get” button to download. 

4. Once installed, open the app and sign up by providing your basic details. 

5. Verify your identity by uploading clear photos of your government ID.

6. Create a strong, unique password for optimal security. 

7. You’re now all set to start exploring Tonik Loan’s borrowing products and services!

How to apply for Tonic loan

Now that you have the Tonik app, let’s go through how to actually apply for a loan

1. Select “Borrow” from the bottom navigation menu. 

2. Choose the loan amount you need from the available options. 

3. Enter your personal and employment details on the application form. 

4. Review and sign the loan agreement electronically. 

5. Upload proof of income like recent pay slips for credit assessment.

6. Tonik will process your application within 24 hours and notify you of the decision. 

7. Approved loans can be disbursed directly to your registered bank account.

8. Setup automated repayment deductions from your account each month.

9. Pay on time to enjoy lower interest rates on future loans.

Eligibility Criteria 

To qualify for a Tonik loan, you’ll need to meet a few minimum requirements

  • Be employed full-time with a verifiable source of income for at least 6 months. Freelancers are also eligible.
  • Have a valid government-issued photo ID like a passport or driver’s license. 
  • Be between 21-65 years old at the time of application. 
  • Have a working mobile number and bank account registered in your name.
  • Pass Tonik’s credit assessment evaluation based on your profile and score.

How do Tonic Credit Assess users?

One unique thing about Tonik’s credit scoring model is that it doesn’t rely solely on traditional credit bureau data. Here are some factors considered

  • Employment history and income stability over time 
  • Banking transaction patterns and account management behavior
  • Digital footprint and social network insights 
  • On-time repayment history of existing and past loans  
  • Demographic attributes like age, location, marital status, etc.
  • This alternative risk assessment approach helps expand financial access to more customers as required collateral isn’t factored in.

Once approved for a loan, funds are promptly deposited within 1-3 banking days through the automated transfer

Repayment Process 

Repaying your Tonik loan smoothly is important to enjoy lower interest on future loans. How can you do this? 

1. Choose your preferred repayment date between the 1st-28th each month.

2. Tonik automatically deducts the monthly due from your registered bank account. 

3. You’ll receive loan statements showing amounts paid, interest, balance due, etc.

4. Ensure sufficient balance is available in your account 1 day before the due date. 

5. Settle on time to avoid penalties and negative credit reports. 

6. Clear loan as per your selected tenor to ultimately become debt-free.

7. Promptly reach out to Tonik if unable to pay due to unforeseen circumstances.

Is Tonik Legit and Safe to Use?

As one of the first digital banks regulated by the BSP, Tonik adheres to high compliance and security standards. 

Conclusion

Tbnks for reading to the very end. I appreciate. 

In summary, Tonik Loan is a promising neobank startup disrupting legacy systems through its intuitive mobile platform and alternative credit models. 

For qualified applicants looking for fast, affordable personal loans, it’s worth considering this transparent, end-to-end digital option. 

Downloading the app takes minutes and could get you the funds you need in as little as 24 hours. 

 FAQs

Can loan app access my contacts if uninstalled?

No, a loan app cannot access your contacts after it’s uninstalled from your phone. Once you uninstall an app, all the permissions it previously had, including access to your contacts, are revoked. However, if the app cached a copy of your contacts before being uninstalled, it might still have access to it on the device’s internal storage.

Can a loan app lock my phone?

A loan app cannot lock your phone. However, there is a Google app called Device Lock Controller that allows creditors to remotely lock a financed device if the customer does not make payments.

Student Loan in Nigeria – Requirements, How to Apply, Repayment, FAQs

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Student Loan in Nigeria – Requirements, How to Apply, Repayment, FAQs

Getting a college education is one of the most important investments you can make in your future. 

However, with tuition fees on the rise, paying for school out of pocket can seem impossible for many students. Thankfully, student loans introduced by President Bola Ahmed Tinybi provide an option to help cover education costs.

 In this comprehensive guide, we’ll explain everything you need to know about student loans in Nigeria, including requirements, how to apply, repayment details, and more.

What is a Student Loan? 

A student loan is a type of loan designed to help students and parents pay for educational expenses such as tuition, books, supplies, living expenses, and other related costs. Student loans are financed by the government or private lenders and typically have favorable interest rates and flexible repayment terms.

Here is the expanded 1000 word article on Student Loans in Nigeria with headings and subheadings as requested:

Types of Students Loans 

There are two main types of student loans offered in Nigeria

Federal Student Loan

Managed by the federal ministry of education, this loan caters to undergraduate studies. Students can borrow up to N150,000 – 1,000,000 Naira per academic year for a maximum period of 4-5 years based on their program of study. The funds can be used to pay tuition fees and approved living expenses.

Requirements and Eligibility Criteria

To be considered for a student loan, certain basic conditions must be fulfilled:

Nigerian Citizenship

Applicants must possess a valid Nigerian passport or national ID card to prove citizenship. 

Admission to an Accredited Program 

They need to have secured admission into a full-time, on-campus undergraduate/postgraduate program offered by an accredited Nigerian university or college. 

Minimum Academic Qualification  

For undergraduate loans, applicants are required to have obtained a minimum of SSCE or NECO qualification with passes in five relevant subjects including English and Mathematics. 

Good Academic Performance

They should have maintained at least a Second Class Lower Division or 2.40/5.00 CGPA in their previous degree to demonstrate strong academic standing. 

No Loan Default History 

Applicants who have defaulted on repaying an earlier education loan will not be eligible for a new one until all arrears plus penalties are cleared.

Provision of Two Guarantors

All students must furnish contact details of two reliable co-signers/guarantors, preferably public servants, to underwrite the repayment undertaking.

How can I apply for the Federal government Student loan in Nigeria? 

The standard procedure to apply for a student loan involves the following steps:

Obtain Application Form

Form can be downloaded online from the websites of the ministry of education or HELB, or collected physically from their state offices. 

Fill Out Form and Attach Documents 

This includes personal details, bank account no., guarantors’ info, admission letter/proof, passport photograph, signature etc. 

Submit to Nearest Loan Board Office

Completed applications must be delivered in person before the deadline along with photocopies of all documents.

Application Screening and Shortlisting

Eligibility of applied are assessed based on criteria. Shortlisted candidates may need to appear for further evaluation process.

Receive Approval/Rejection Letter

Successful applicants receive approval intimation by mail while unsuccessful ones are informed about reasons for denial.

Loan Disbursement 

Qualified recipients get disbursed in installments into their nominated bank account.

Loan Terms and Repayment Process

It is critical for borrowers to comprehend obligations to avoid defaults or penalties:

Moratorium Period

A grace period of 6 months post-graduation is available before repayment starts to facilitate job search.

Loan Duration                            

Federal loan repayment tenure is 5 years maximum whereas HELB loans may require 7-10 years depending on amount sanctioned.

Interest Rate

A nominal subsidized rate of 9% for federal and 12% for HELB loans is charged annually on outstanding balance.

Monthly Installments

Installments covering principal and interest are deducted directly from the linked bank account on pre-defined dates. 

Late Payment Charges

Missing due date incurs penalties, the rate varies from 1-2% per month on overdue amounts.

Consequences of Default

It severely impacts credit rating, additional legal fees are applicable, and cases may end up in court.

Conclusion

In conclusion, the student loan program has undoubtedly empowered many fellow citizens to access higher education who may have struggled otherwise due to financial restraints. 

While stringent conditions apply for eligibility and timely repayments, the opportunity to borrow funds interest-free during studies provides a critical lifeline. 

With prudent usage of disbursements solely towards intended education goals and responsible loan management post-graduation, the scheme can deliver tremendous long-term benefits towards an individual’s career and prosperity. Students are encouraged to make the most of this valuable resource.

Frequently Asked Questions (FAQs)

Can student loans be repaid?

Yes, student loans can be repaid. Federal student loans offer various repayment plans, including income-driven repayment plans that can lower monthly payments to as low as 10,000 naira per month

Which repayment plan will you be placed on automatically?

Borrowers with federal student loans will be automatically enrolled in an income-driven repayment (IDR) plan if they are at least 75 days late on other repayment plans. They will be enrolled in the plan that offers the lowest payment based on their eligibility. 

The newest federal income-driven repayment plan, Saving on A Valuable Education (SAVE), launched in August 2023, ahead of student loan bills resuming in October. It replaced the previous IDR plan known as REPAYE.

 Under the SAVE plan, monthly payments are based on the borrower’s income, not the student loan balance. The plan can reduce monthly payments to zero for some borrowers and prevent balances from growing due to unpaid interest

 Rockit Lenders Nigeria Limited – How to take a loan from them

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 Rockit Lenders Nigeria Limited – How to take a loan from them

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 Loan: interest rate, app download, customer care number

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 P2vest Loan: interest rate, app download, customer care number

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.

Is Aella Credit Loan legit? How to Apply,  interest rate, App Download, customer care contacts

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Is Aella Credit Loan legit? How to Apply,  interest rate, App Download, customer care contacts

Are you doubting if Aella Credit app is legit? Or whether you want to download and check the interest rate of this financial institution. If so, this article is for you. 

Aella Credit is an online lending company based in Nigeria that provides quick loans to individuals. Many people are curious whether Aella loans are legit or if it’s a scam. In this comprehensive guide, we’ll break down everything you need to know about Aella Credit to determine if it’s a trustworthy lending platform.

Is Aella Credit Legit?

Aella Credit was founded in 2016 and is licensed by the Central Bank of Nigeria. They have physical locations and customer support centers across major cities in Nigeria. From the research we’ve done, Aella appears to be a legitimate lending company. 

They are transparent about interest rates, terms, and payment schedules. Customer reviews online also suggest Aella delivers on what they promise. While no lending platform is risk-free, most signs point to Aella being a genuine lender.

How Does the Aella Loan Application Process Work? 

Here are the basic steps to apply for an Aella loan

Download the Aella Credit Mobile App

The application process is completely digital. Start by downloading the Aella Credit mobile app from the Google Play Store or Apple App Store. 

Enter Personal and Employment Details  

Open the app and provide your full name, date of birth, ID numbers, proof of residence, and employment details like your job title and monthly income.

Provide Bank Account and Phone Number

Link your bank account details along with a valid mobile number for verification during the application and repayment process.

Choose Loan Amount and Tenor

Select how much you need between ₦5,000 to ₦300,000 and the repayment period which ranges from 112 months. 

Submit Supporting Documents  

Upload clear images of your ID, recent bank statement, and payslips as supporting documents. 

Application Processing 

The application will be reviewed instantly. If approved, funds are deposited within 24 to 48 hours.

Aella Loan Interest Rates 

Aella Credit offers interest rates ranging from 33-45% depending on your loan amount and credit history. These are considered quite high compared to traditional banks but not unreasonable for online lending. The interest is calculated daily on the outstanding balance.

Loan Repayment Process

Repayments are made via a standing instruction from your linked bank account. The total repayment amount reflects the principal plus applicable interest. You can track payments and loan status within the Aella mobile app. It’s important to pay on time to avoid any penalties.

Customer Support

If you have questions at any stage, you can reach out to Aella’s customer support team through the following channels

  • Live Chat: Available within the mobile app.
  • Email: support@aellacredit.com 
  • Telephone: +234 700 223 4567 

They are responsive and aim to address issues promptly. Make sure to note your customer ID for reference when contacting support.

Key Things to Consider Before Applying

While Aella Credit is a legitimate lender, there are a few factors worth weighing carefully

  • Only borrow what you can comfortably repay within the scheduled timeline. Late or missed payments incur penalties.
  •  Have all required documents ready to speed up the application process. 
  • Understand the repayment schedule and interest charges upfront to avoid surprises later. 
  •  Consider if a loan is really needed or if alternate options like friend/family loans could work better.
  • Build your credit history first by starting with smaller loan amounts if this is your first online application. 
  • Doing your research and being cautious helps minimize risks when choosing to take out any type of loan. Let me know if you need any clarifications on the application or repayment process with Aella Credit.

Conclusion

To summarize, Aella Credit appears to be a legitimate online lender in Nigeria, provided you borrow responsibly and understand all terms upfront. 

Start with a smaller loan if new to digital borrowing. Their processes are transparent and customer service accessible. With care and diligence, Aella could be a good financing option for qualified applicants. Let me know if any questions by commenting below. 

Frequently Asked Questions

Is Aella credit registered?

Yes, Aella Credit is a legitimate company registered with the Corporate Affairs Commission (CAC) of Nigeria under the registration number. Aella Credit is also authorized to operate in Nigeria and is able to conduct financial transactions and money lending thanks to permission from the FCCPC (Federal Competition and Consumer Protection Commission)

What happens if I can’t repay the loan on time?

Aella Credit charges a penalty fee of 10% if you miss or delay repayments. It is wise to only borrow what you are certain you can repay based on your monthly cash flows. Contact support well in advance if foreseeing issues to explore your options.