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Banks Raise Lending Rates To 30 Per Cent - Business (3) - Nairaland

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Re: Banks Raise Lending Rates To 30 Per Cent by Biodun1929(m): 10:31am On Aug 04, 2020
helinues:
Loans?

Easy way to get heart attack

I swear.
Re: Banks Raise Lending Rates To 30 Per Cent by bigpicture001: 10:55am On Aug 04, 2020
Why go to commercial banks when microfinance is my friend........ The best for lending... No collat!
Re: Banks Raise Lending Rates To 30 Per Cent by knowyaself2(m): 10:56am On Aug 04, 2020
jagaban002:

It’s easily said that done , 1m to yield 50k monthly in Nigeria banks that’s highly impossible even 10m self no reach 50k for this Nigeria

What he's saying is that it makes no sense whatsoever to keep your money in the bank, when you can invest it and hav3 better returns.
No matter the interest rate, money kept in the bank is losing value because of inflation and the opportunity cost.

And borrowing money is not in itself à bad thing; it all depends on what you invest the money in
Re: Banks Raise Lending Rates To 30 Per Cent by bigpicture001: 10:57am On Aug 04, 2020
posty56:
I am planning on doing fixed deposit do you think it is a good idea

Fixed deposit is 0.05percent interest on lodgement.......... It's a very big waste of time
Re: Banks Raise Lending Rates To 30 Per Cent by ITbomb(m): 11:05am On Aug 04, 2020
The man has done his best
Re: Banks Raise Lending Rates To 30 Per Cent by Nbotee(m): 11:06am On Aug 04, 2020
Sysdatek:


Agri tech like agro rite . Farm crowdy et al
Also trading in the financial markets which I can teach free

Abeg I am interested... How do I reach U. My whatsapp contact is on my signature
Re: Banks Raise Lending Rates To 30 Per Cent by Nobody: 11:12am On Aug 04, 2020
Tina001:
Okay. I kukuma hate borrowing cry
i kukuma like knacking

1 Like

Re: Banks Raise Lending Rates To 30 Per Cent by Tina001(f): 11:14am On Aug 04, 2020
Paxxcarl:
i kukuma like knacking

Eehn, go knack na. I hold you?
Re: Banks Raise Lending Rates To 30 Per Cent by Investnow2017: 11:24am On Aug 04, 2020
Arizonaz:
Liquidating your money is the surest way to go.
Dear, how do you mean?
Re: Banks Raise Lending Rates To 30 Per Cent by BabaIbo: 11:29am On Aug 04, 2020
MANNABBQGRlLL:
Not too long ago, CBN forced banks to give out loans. So they did not cap the interest rate?

I don't know why I am supporting this APC


LoL, you don already enter express alaye! grin
Re: Banks Raise Lending Rates To 30 Per Cent by Jeffyblaq(m): 11:31am On Aug 04, 2020
MANNABBQGRlLL:
Not too long ago, CBN forced banks to give out loans. So they did not cap the interest rate?

I don't know why I am supporting this APC
You simply a crowned zombie.


Enjoy your coronation while it last.
Re: Banks Raise Lending Rates To 30 Per Cent by 4four(m): 11:36am On Aug 04, 2020
Na only a foo.l still de keep his/her money with Nigeria bank or in naira. By the time this govt turn your money to tissue paper u eyes go clear
Re: Banks Raise Lending Rates To 30 Per Cent by Jeffyblaq(m): 11:41am On Aug 04, 2020
Jaqenhghar:
As a Niggerian you get screwed from every quarter and instead of people to fight getting screwed they blame you for getting screwed.
Deep!
Re: Banks Raise Lending Rates To 30 Per Cent by jinka(m): 11:48am On Aug 04, 2020
Sysdatek:

Agri tech like agro rite . Farm crowdy et al Also trading in the financial markets which I can teach free
teach me how to trade in the financial markets
Re: Banks Raise Lending Rates To 30 Per Cent by SoliBayNG: 11:51am On Aug 04, 2020
Sysdatek:
Na mumu dey keep money for bank with this our inflation rate

We have agric tech
And many other opportunities in traDing stocks and fx to grow wealth

If 1M does not yield at least 50k a month wherever I keep it. Its waste of money undecided

If your savings dont grow at least 30% per annum. Your losing money in this economy

Totally agree with you. There are many safe investments that can give returns in those regions. Rather than getting like 15k on 1m in a year
Re: Banks Raise Lending Rates To 30 Per Cent by emmachukwudi123: 11:58am On Aug 04, 2020
pls does Dis affect gtb quick credit loan?
Re: Banks Raise Lending Rates To 30 Per Cent by Nobody: 12:02pm On Aug 04, 2020
Tina001:


Eehn, go knack na. I hold you?
yes nw, make we relate

1 Like

Re: Banks Raise Lending Rates To 30 Per Cent by authority2006(m): 12:25pm On Aug 04, 2020
MondayOsunbor:

i dey hail una who bankS with FCMB AND ACCESS BANK
UNA GET TIME OOO

I don quit them. It is just that some customers would insist on particular bank account if you want to receive your money in time.
Re: Banks Raise Lending Rates To 30 Per Cent by rapid101(m): 12:26pm On Aug 04, 2020
MANNABBQGRlLL:
Not too long ago, CBN forced banks to give out loans. So they did not cap the interest rate?

I don't know why I am supporting this APC
u don de get sense abi

no worry

yaba left ll soon be ur home if u don't recover on time like ur fellow zombie counterpart
Re: Banks Raise Lending Rates To 30 Per Cent by authority2006(m): 12:27pm On Aug 04, 2020
MANNABBQGRlLL:
Not too long ago, CBN forced banks to give out loans. So they did not cap the interest rate?

I don't know why I am supporting this APC

So, APC is the one in charge of commercial banks interest rates on loans now?
Re: Banks Raise Lending Rates To 30 Per Cent by Iwanttoto: 12:55pm On Aug 04, 2020
post=92439543:
Not too long ago, CBN forced banks to give out loans. So they did not cap the interest rate?

I don't know why I am supporting this APC

Hmmn, Orisirisi something grin
Thank God say u done dey get sense small small
Re: Banks Raise Lending Rates To 30 Per Cent by Nobody: 1:45pm On Aug 04, 2020
Nbotee:


Abeg I am interested... How do I reach U. My whatsapp contact is on my signature

Sent u message

12.38

1 Like

Re: Banks Raise Lending Rates To 30 Per Cent by Tina001(f): 1:53pm On Aug 04, 2020
Paxxcarl:
yes nw, make we relate

Abeg shift go front
Re: Banks Raise Lending Rates To 30 Per Cent by BigBashiru: 1:57pm On Aug 04, 2020
SpaceX:
Nigeria is rule by wicked and heartless motherfuckers.

It has been so for the past 60 years..... shame on Nigeria - always blaming colonization and slavery as if other nations werent colonized and enslaved
Re: Banks Raise Lending Rates To 30 Per Cent by posty56: 2:19pm On Aug 04, 2020
bigpicture001:


Fixed deposit is 0.05percent interest on lodgement.......... It's a very big waste of time
I think it depends on the bank like access now is 1.7
Re: Banks Raise Lending Rates To 30 Per Cent by posty56: 2:19pm On Aug 04, 2020
Sysdatek:

waste of money and time
Consider agro Learn to trade
what about stock market
Re: Banks Raise Lending Rates To 30 Per Cent by posty56: 2:20pm On Aug 04, 2020
nedekid:


Better change your money to fx to be safe.
The interest on FD does not cover the money you loose from inflation how much more profit.
thanks
Re: Banks Raise Lending Rates To 30 Per Cent by Nobody: 2:45pm On Aug 04, 2020
Tina001:


Abeg shift go front
no i dey like dy back
coz of the ass

1 Like

Re: Banks Raise Lending Rates To 30 Per Cent by Tina001(f): 4:10pm On Aug 04, 2020
Paxxcarl:
no i dey like dy back
coz of the ass
.
ass kee u
Re: Banks Raise Lending Rates To 30 Per Cent by DexterousOne(m): 4:12pm On Aug 04, 2020
cardoso514:
First, it was death of Treasury Bills to discourage savings
Now it is huge interest on loans
All these are killing business and investments
Which business can survive this harsh rate!

It's really unfortunate
Re: Banks Raise Lending Rates To 30 Per Cent by Yankee101: 4:13pm On Aug 04, 2020
what of interest rate on deposits?

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