Nodcredit

Nodens Nigeria Limited財經2020-08-04

價格：免費

更新日期：2020-08-04

檔案大小：84 MB

目前版本：1.0.1

版本需求：系統需求：iOS 8.0 或以後版本。相容裝置：iPhone、iPad、iPod touch。

支援語言：英語

NodCredit offers both employed and self-employed, business persons and corporates quick loans starting from N10,000 to N50,000 for first time borrowers. Returning customers can access upto 300,000.

Our Interest ranges from 1% – 16% per month. For multiple tenors accessible to returning customers we charge on reducing balance at lower interest.

# SIMPLE STEPS to get a loan on NodCredit:

1. Install NodCredit app

2. Sign up with your BVN. BVN spooled data will be used to pre-populate some of your personal data

3. Add your card (N20 will be charged for card tokenization) and bank account details

4. Apply for your loan

5. Wait for a few minutes.

6. If your loan is approved. You receive cash instantly in your provided bank account.

# UNIQUE FEATURES on NodCredit?

- Pause Option: you can defer your repayment date for 30 days if you run into any financial difficulties. You can defer for as many times as possible.

- Custom repayment schedule - unlike the other lenders, we allow you settle your loan in split payments, pay parts of your loan whenever you have it.

# RATES AND FEES

# NIGERIA: Loans range loans from 10,000 to 300,000 with terms from 62 days to 180 days.

With an equivalent monthly interest of 1% – 16% and APR (Annual Payment Ratio) of 12% - 96%.

LOAN / REPAYMENT SCENARIO:

- If your loan is for 3-months and your borrowed N150,000, if NodCredit charges you a returning customer interest rate of 10% per month on your reducing balance. You will pay;

- 1st month: N65,000

- 2nd month: N60,000

- 3rd month: N55,000

This is a gross interest rate of 20% and an equivalent monthly interest of 6.6% for each month on your fixed balance of 150,000.