Fast and Reliable Loan in Nigeria

Inclusive financial services

Financial Inclusion

Naira9ja plays a significant role in promoting financial inclusion by extending credit to individuals who were previously excluded from the formal banking system.

Flexible Loan Amounts

Borrowers can often choose loan amounts based on their specific needs, whether it's a small amount for daily expenses or a larger sum for a major purchase.

Repayment Flexibility

Naira9ja offers flexible repayment options, allowing borrowers to choose the loan tenure that best suits their financial situation.

Credit Building

Naira9ja's credit system helps borrowers build a positive credit history, which may be useful for accessing larger loans in the future.

Why choose Naira9ja

Step 1: Identify Your Financial Needs

Determine why you need a loan and set clear financial goals.

Step 2: Apply

Complete the lender's application process, providing required information.

Step 3: Wait for Approval

Await the lender's decision; approval times vary.

Step 4: Receive Funds

Upon approval, receive the loan funds.

Step 5: Manage Responsibly

Use the funds wisely and make on-time payments.

a woman sitting on a couch looking at her cell phone
a woman sitting on a couch looking at her cell phone

How to use Naira9ja

Naira9ja Loan info:

1. Top level: ₦5,000 ~ ₦500,000

2. Time of loan: More than 91 days while the longest time is 365 days

3. APR: Maximum12% - Minimum50%

4. Service Fee: 0%

For example:

If your loan level is ₦8000.

Payment period is 180days, and the APR is 39.6%;

The total Interest should be ₦8,000 * 39.6%/2 = ₦1584.

And the total repayment amount should be ₦8,000+₦1584=₦9584.

APR: 39.6%

If you choose to make a one-time repayment, then you will make a one-time repayment of ₦9584 after 180 days.

If you choose to make monthly repayments, your monthly repayment amount will be ₦9584/6 = ₦1597.4

man in white crew neck t-shirt holding smartphone
man in white crew neck t-shirt holding smartphone

Calculation of loan fees