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Blocka money makes acce to loans simple and hale-free, just as it’s needed. Get rid of long queues, documents and time that is waiting. All that’s necessary can be your smartphone in addition to Blocka money application!
Getting to grips with Blocka money is not hard. Just stick to the steps below:
— join and put up an account.- Make an application for a loan in seconds.- Get your loan immediately and straight into your wallet.
The proce is convenient and simple!
the LOANS AND REPAYMENT TERMSBlocka money provides micro-credit and makes provision for short-term unsecured loans with a minimum of N5,000 or more to N50,000 according to your credit rating.
RATES AND FEESTo acce our loans, you must be at the very least 21 years old. We possibly may need which you offer A government that is valid ID. You could get less than N5,000 or more to N50,000 and you may pay off between 60 to 180 times. Our typical payment duration is month-to-month. Our interest that is minimum rate which will be decided by our credit scoring algorithm, is 3% each month and no more than 10per cent each month. This involves a percentage that is annual (APR) of 36per cent to 120percent.
EXAMPLE;If you select that loan package of N10,000 (Principal) to cover straight right back more than a 6-months tenor at mortgage loan and costs of 3% every month https://onedayloan.net/payday-loans-md/ (36% APR), you will end up trying to repay N1,966.67 month-to-month for a time period of a few months. In the end of this half a year, you would’ve compensated an overall total of N11,800.
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