If you’ve ever taken out a loan, signed up for a credit card, or considered financing a car, you’ve probably come across the term Annual Percentage Rate (APR). At its core, APR is a way to understand the cost of borrowing money or the return on an investment in terms everyone can easily compare. Key […]
What Is Annual Percentage Rate (APR)? How It Works With Relatable Sample Read More »
In March 2024, business loans issued by lending institutions increased by 16.3%, highlighting a strong demand for capital to drive initiatives like expansion. This increase indicates that companies are ready to seize growth opportunities, leveraging business loans to fuel their ambitions. While a business loan can provide you with the required funds, it is crucial
Unlock Your Business Potential: Use A Business Loan EMI Calculator Read More »
Applying for small business loans can be a pivotal step in securing the funding needed to start, expand, or sustain your business. However, navigating the loan application process can seem daunting, especially for first-time entrepreneurs. This step-by-step guide breaks down the process into manageable steps, helping you navigate the complexities of applying for small business
Step-by-Step Guide to Applying for Small Business Loans Read More »
A credit score is a three-digit number designed to rate a person’s creditworthiness. It is typically between 300 and 850, based on one’s credit history, repayment history and other information. It generally reveals the likelihood of a person repaying loans on time. Creditors and lenders in the United States and other countries will use your credit
What Is Credit Score? Its Importance For Lenders Read More »
If you have taken a loan from a financial institution and are unable to repay or fail to fulfill the repayment obligations due to circumstances beyond your control, that constitutes a bad loan. Definition Also referred to as bad debts, bad loans arise when the borrower no longer pays loans they obtained from a bank or
Types of Bad Loans and Their Impact on the Lender and the Borrower Read More »
You can access at least N250K and as high as N2.5 million as a business loan to support your business, thanks to the partnership between the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Sterling Bank. Application Update Applicants for the loan who submitted applications in November 2023 have now had their
Application for N5 Billion SMEDAN-Sterling Loan Is Open, Here Is The Application Process Read More »
Providing borrowers with access to funds is the main purpose of crypto loans and traditional loans, but they differ in terms of collateral, interest rates, credit checks, loan terms, access and approval. This article explores crypto lending vs traditional banking lending, looking at what sets them apart such as: What Are Crypto Loans? Crypto loans are a newer
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You may have heard of FHA loans, VA loans, or conventional loans, but have you ever heard of a jumbo loan? If you’ve never heard of a jumbo loan before, you may be wondering what it is and how it works. In a nutshell, a jumbo loan is a financing option for high-dollar homes that
What Is a Jumbo Loan? Read More »
When it comes to getting a personal loan, a personal loan emi calculator is an essential tool for determining your repayment plan. EMI stands for “equated monthly installment,” and it is the amount of money you will be required to pay back each month to repay your loan. An EMI calculator will help you understand how
Get Ahead: Use an EMI Calculator to Your Personal Loan’s Advantage Read More »
There are 173 legitimate loan apps in Nigeria, according to the latest approval notice issued by the Federal Competition and Consumer Protection Commission (FCCPC). Out of the 173 loan apps that got the green light from the consumer protection agency, 119 of them got full approval while 54 of the digital lenders got conditional approval.
There Are 173 Legitimate Loan Apps In Nigeria, Check Them To Avoid Scams Read More »
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