tikkykay:


You don't have to be scared if you haven't accepted the offer, and if the terms and interest doesn't work well for you... Pls dont
Are you sure the interest rate is correct?

Please if anyone understands the calculation...pls explain to us. And I know certainly that the longer the tenor is..the higher the interest.

4% for the first year of repayment and 9% for the subsequent years. This is after the 12 months grace has elapsed. Repayment starts from the month of approval the next year

The calculation is even wrong. He shouldn't have used 300k again for the second year calculation because part of it must have been offset in the first year. And also the new interest for the second year should have been calculated on new balance for the second year

tikkykay:


You don't have to be scared if you haven't accepted the offer, and if the terms and interest doesn't work well for you... Pls dont
Are you sure the interest rate is correct?

Please if anyone understands the calculation...pls explain to us. And I know certainly that the longer the tenor is..the higher the interest.

bbeautylik:
I am scared o, the repayment terms is scary.

I borrowed 300k to pay back in a duration of four years

My calculations goes like this
1st year: 300k/48=6250 + 1% interest(3000)=9250 each month for a year

2nd year and above: 300k/48=6250+5%interest(15000)=21250 each month for the remaining 3 years...... The interest is much


I am so scared

5% interest rate is much ?
Really ?

Go to commercial banks and make findings , you will be shocked
I doubt you do see anyone less that 10% self

Can I still fill the evaluation form? Or should I be patient till when am been sent the training mail.

bbeautylik:
I am scared o, the repayment terms is scary.

I borrowed 300k to pay back in a duration of four years

My calculations goes like this
1st year: 300k/48=6250 + 1% interest(3000)=9250 each month for a year

2nd year and above: 300k/48=6250+5%interest(15000)=21250 each month for the remaining 3 years...... The interest is much


I am so scared

5% and 1% per annum not per month

kenddys:

Just wait for you training link
That is the next step
Others will follow

Okay thanks

bbeautylik:
I am scared o, the repayment terms is scary.

I borrowed 300k to pay back in a duration of four years

My calculations goes like this
1st year: 300k/48=6250 + 1% interest(3000)=9250 each month for a year

2nd year and above: 300k/48=6250+5%interest(15000)=21250 each month for the remaining 3 years...... The interest is much


I am so scared

Na palliative

The training link, will it be send through mail or text because I lost my line and I've not been able to retrieve.

bbeautylik:
I am scared o, the repayment terms is scary.

I borrowed 300k to pay back in a duration of four years

My calculations goes like this
1st year: 300k/48=6250 + 1% interest(3000)=9250 each month for a year

2nd year and above: 300k/48=6250+5%interest(15000)=21250 each month for the remaining 3 years...... The interest is much


I am so scared

Your calculation is quite wrong and inflated here.
The 1% is a one time interest rate for the entire year and not to be culmulative with your monthly payments.

Let take for example your 2nd year, for a loan of 300k. 5% equals 15k.
Hence you get to sum both up to get 315k.
So your monthly installments for that year would be 315/48 = 6500k approx monthly.
Its a fair bargain.

How do I know when the loan is approved? Applied since Feb no news till now. Used my company to apply.

Nawa oo. All this loan from different angle and yet they didn't approve anyone for me. Watin dey caprisone na.

Nyif is approving
Cbn covid is approving

Kaeboy:
The training link, will it be send through mail or text because I lost my line and I've not been able to retrieve.

Email

During my application, I noticed that when I tried to type in my account number, the first digit disappeared as soon as I typed in the second digit.

Anyone else with similar experience?

I cant even remember inputting my account details during application

damtan:
I cant even remember inputting my account details during application

Everyone did

When we go get alert na

kenddys:
When we go get alert na

same question on my mind

kenddys:


Email

Thank you

Loan approved.Also waiting to be credited too like everyone else who was approved. Thank you to everyone who indulged me .

mommaJ:
Loan approved.Also waiting to be credited too like everyone else who was approved. Thank you to everyone who indulged me .

You're welcome

Body just dey scratch me. Any message wey enter my phone I go rush am, read am believing say na alert. Me and my wife dey wait for the money because we don draw plan for am

kenddys:


Oga you can't get both


Approval does not mean money

Then u have to go up this thread and read bro....even here, people still got it. It alright though.

KayCee92:


Then u have to go up this thread and read bro....even here, people still got it. It alright though.

Okay

Fucklove:
Body just dey scratch me. Any message wey enter my phone I go rush am, read am believing say na alert. Me and my wife dey wait for the money because we don draw plan for am

hushpuppi has collected your own

Please anyone with survival fund thread should kindly share to me. I need to check something asap. Thanks �

I hope the wait for disbursements won't be a long one. Moratorium and tenor countdown already started even they know that funds may take weeks, or even months (God forbid) to get to us. Smh

Anonymousgister:
I hope the wait for disbursements won't be a long one. Moratorium and tenor countdown already started even they know that funds may take weeks, or even months (God forbid) to get to us. Smh

Moratorium hasn't started yet. And it will likely be extended xef, just like covid19 loan. Covid 19 loan moratorium is almost 2 years now for those who got paid early April/may last year because it has been extended. You guys should chill about moratorium and tenor. Ask around, no one has started paying covid19 loan even from those who have reached a year now. Just pray they pay you on time, but chill about tenor and moratorium.

peeps4u:


Moratorium hasn't started yet. And it will likely be extended xef, just like covid19 loan. Covid 19 loan moratorium is almost 2 years now for those who got paid early April/may last year because it has been extended. You guys should chill about moratorium and tenor. Ask around, no one has started paying covid19 loan even from those who have reached a year now. Just pray they pay you on time, but chill about tenor and moratorium.

I had to check with the offer letter and yes, moratorium and tenor will start counting from date of disbursement.

Anonymousgister:


I had to check with the offer letter and yes, moratorium and tenor will start counting from date of disbursement.

Even at that, they will surely extend it just like covid19 loan.

Good luck to everyone

kenddys:
ZWE NEED MONEY

WE NEED MONEY

WE NEED MONEY

WE NEED MONEY

Please I will like to ask....
Those people that selected unregistered business are they going to attend training too before the approval of their loan?