The ABCLoan is a financial platform made for online loans in Nigeria,
which can be operated throughmobile app anytime and anywhere.
You only need to fill in the 4 data you can submit loan, fill in the data sufficiently
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01
Fill in
Select loan amount and choose repayment time, fill in receiving bank name and number.
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02
Data
Authentication
Select loan amount and choose repayment time, fill in receiving bank name and number.
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03
Pending
Review
Select loan amount and choose repayment time, fill in receiving bank name and number.
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04
Capital
Arrival
Select loan amount and choose repayment time, fill in receiving bank name and number.
Will Give You
a Good Loan Experience
Base on user experience, we reach the goal of speedy certification, real-time approval and speedy loans, which making application and real-time approval status tracking easily. Also the borrowers can pay back at anytime and anywhere.
Service fee is from 0.75% to 1% per day
Maximum annual interest rate is 110%
Period: 61 days (the shortest) to 120 days (the longest)
Example of loan application:
- Tenure: Ranges from 180 to 365 days
- Loan Amount: Up to ₦100,000
- APR: Annual Percentage Rate is 10%(lowest)~18%(highest)
For example, if a customer borrows ₦10,000 for 365 days (12 months), the APR is 15%. We would charge the customer ₦10,000 * 15% = ₦1,500 as interest of 365 days repayment period.
Total amount of repayment is ₦10,000 + ₦1,500 = ₦11,500.
As the repayment period is for 12 months
Monthly repayment is ₦10,000/12+ ₦10,000*15%/12 = ₦958.33
