Loan amount₦750,000
Tenure9 months
₦50,000₦5,000,000
1 month12 months
Estimated monthly repayment
₦113,333/mo
Total interest₦270,000
Total repayable₦1,020,000
Rate capped at 4%/mo · no hidden feesStart application
Repayment schedule preview
| # | Due | Amount |
|---|---|---|
| 1 | 1 Nov 2026 | ₦113,333 |
| 2 | 1 Dec 2026 | ₦113,333 |
| 3 | 1 Jan 2027 | ₦113,333 |
| 4 | 1 Feb 2027 | ₦113,333 |
| 5 | 1 Mar 2027 | ₦113,333 |
| 6 | 1 Apr 2027 | ₦113,333 |
| 7 | 1 May 2027 | ₦113,333 |
| 8 | 1 Jun 2027 | ₦113,333 |
| 9 | 1 Jul 2027 | ₦113,336 |
How interest is calculated
We use plain monthly interest — not reducing-balance trickery. Multiply your amount by the monthly rate (max 4%), then by the number of months. That's your total interest. No admin fees added afterwards.
What if I repay early?
Repay any time without penalty. We'll recalculate and refund the unused portion of your interest — pro-rated to the day.
What if I miss a payment?
A grace period of 3 days applies, after which a one-time 1% late fee is added. We will never call your family, employer, or contacts.
Rate explainer
Your final rate depends on tenure, product, and credit history. Returning borrowers in good standing typically see 3 – 3.8% per month.