₦airaland Forum

azelab:
Follow this link.,,,,, https://www.smepayroll.com.ng/calculator/loan/ to do the calculation yourself

Already did. I am referring to the offer letter where it states the repayment amount...is it the amount to be paid monthly or the total amount to be paid back. That is what I meant

blessedbest:
Check spam/promotion folder if u are using Gmail.I found mine in the spam folder

Have you filled the offer letter? Regards to the offer letter...What is the amount to be stated as the repayment amount? Is it the amount to be repaid monthly or the total sum to be repaid back within the loan tenor

Doctorbrain:
Go to the bank and get it, it's ready
Pls some body should help me with the offer letter
fridayalfa12@gmail.com

sent. Check your email

Taywon:
It was NPF account they credited....*5757# to transferto ur main account

We are hopeful.

Taywon:
They have started disbursement

I just got an alert 250,000 without
uploading the form....
Thanks be to God... We muvee

.

luckyjacob:
Its well o since we no submit the offer letter hope we go still pay back

Why wouldn't you pay back?

Taywon:
They have started disbursement

I just got an alert 250,000 without
uploading the form....
Thanks be to God... We muvee

Congrats bro...When did you got the account opened?

Taywon:
They have started disbursement

I just got an alert 250,000 without uploading the form....



Thanks be to God... We muvee

Congrats...Lets hope we do get to receive ours before end of working hours today

Taywon:
Ussd code and physical documentation in the bank

I will have to re-visit the bank to activate the USSD code. Though I did all documentation while opening the account.

Twelve30:
See am, this morning

Was it after you completed your offer letter yesterday?

Jusmaloop:
Bro, you are wrong o.
The 5% interest is paid per annum (that's per year). Hence, the more the number of years you chose the more interest your loan will attract.
Since you have chosen 3 years after your moratorium period, that means your loan will accrue an interst of (5% x 3yrs) 15%. Therefore, for your N250,000, you shall repay ((N250,000 + 15% interest)/36months) N7,986.11 each month for 3 years after your moratorium period.

Regards to the offer letter...What is the amount to be stated as the repayment amount? Is it the amount to be repaid monthly or the total sum to be repaid back within the loan tenor

ProfGday:
Good morning,you have 12month(1 year)moratorium....that is a year through which no repayment on loan and interest,then after a year holiday. You would now be paying the money based on the periods you filled inside your offer letter...e.g it could be 3yrs or 2yrs.



The offer is good anyway for business minded people... Imagine using #250k to do business for a year without paying any interest or payback the loan borrowed...then after a year you starts paying 5% on the loan on monthly basis...isn't that super cool?

Regards to the offer letter...What is the amount to be stated as the repayment amount? Is it the amount to be repaid monthly or the total sum to be repaid back within the loan tenor

Obere4u:
Okay boss, thank you.
So repayment will start next year and end in the next 5 years?

Repayment is after a year. The number of years depends on you.

Obere4u:
Okay, so I can get anyone to help me sign. Thanks
The Tenor, is it the one we initially chooses when registering for the loan?

I can't remember the loan tenor used while registering for the NYIF programme. What I did was to spread the repayment for the number of years convinient for me. The loan repayment shouldn't exceed 5 years. Do your calculation based on the number of years convinient for you.

Obere4u:
Just anyone?

In as much that the offer letter didn't state the provision of a guarantor & where he/she works with the designation. The offer letter states that a witness provides his/her name, address with a signature appended. Depends on you anyway

dudufemi:
Thank you. Inside the spam, working on it.

That's good

dudufemi:
Please, am just coming on here and saw the information and is checked my email all i could see is a form asking me to confirm the acceptance of the loan... I don't have the other form in my email... Please what can i do?

Check your spam folder too. It might be there. If you haven't received it, you might soon.

Obere4u:
Please how did you fill the offer letter. Did you print it out?
Who is the witness?
I saw moratorium of 12 months (is it the year my loan will expire)

Please help me out

The offer letter has to be printed out for it to be filled.
I had to get someone to help as a witness with the details filled.
One gets a year moratorium, after which one will begin repayment of the loan.
When the form has been duly filled, it has to be scanned and sent back to the email address stated in the mail you received. Kindly read through the mail you received.

joshuajunior:
Please is the customer's name and borrower's name the same?

Definitely. Its the same. You're both the customer & borrower

opeyemhy02:
Yes boss

Done too. Lets keep our fingers crossed. I assume this should be the final stage. We hope disbursement follows next. Congratulations to all.

opeyemhy02:
May God bless you immensely

Guess you have signed the offer letter with calculations duly made & sent to the email address stated.

Hope some of us have got our offer letter duly filled,signed, scanned & sent to the email stated.

Hope some of us have got our offer letter duly filled,signed, scanned & sent to the email stated.

inspector1:
=akolat
visit this site https://www.smepayroll.com.ng/calculator/loan/ to do the calculations of yur loan repayments.
enter the amount(250,000), or as the case may be
the number of years and
the percentage rate of the loan(5%)
Then click calculate....you will get your results.


THANKS SO MUCH CHIEF, U VE BEEN HELPFUL.
FOR CLEARITY, I THINK THE TENOR IS 4 YEARS RIGHT?

You're welcome. For easy repayment, I made use of 4 years which is 48 months.

inspector1:
akolat
Sent...check your mail.


THANKS SO MUCH.
PLS ANY IDEA OF WHAT TO WRITE AS REPAYMENT AMOUNT?

visit this site https://www.smepayroll.com.ng/calculator/loan/ to do the calculations of yur loan repayments.
enter the amount(250,000), or as the case may be
the number of years and
the percentage rate of the loan(5%)
Then click calculate....you will get your results

opeyemhy02:
Please what's the repayment amount for 250,000 and moratorium expiration date ?

.

proffytee:
You can use this link for
https://www.smepayroll.com.ng/calculator/loan/

Thanks...done the calculation with it

ProfGday:
For all of una wey no carry mathematics send me money for tutorials wey i just dash una...lol

How do I get the repayment for a 3 year period. Kindly check your email.

inspector1:
Someone should pls share the offer letter with me, dosmillernig@gmail.com

Sent...check your mail.

.

DeJoeee:
Which kind expensive joke be that. Ontop loan that I will still pay?
But the guy been steple the money to the form like they normally do during account opening.
This is not acceptable

The 2k should later reflect in your account. I opened an account lat week (Thursday), received my account number on Saturday. This morning, got the credit of the 1k paid during the account opening. You should later get the credit of the funds paid.

felaliveson:
Very correct except the part of payment into normal bank account, I think the money will be paid into the NPF acct because you opened the acct yourself with your complete details and requirements (ID, passport, utility bills et.c) unlike Nirsal which was opened for beneficiaries without any documentation and Nirsal paid it into your normal commercial bank accounts


…

My thought also