Naira Way is a Loan Platform to provide Nigerian mobile users with convenient lending services. With simple steps
and minimal documentation, users can get qualified loan products which is 100% online process. Once approved, the loan
amount will be immediately transferred to the applicant's bank account.
Loan application process is secure and safe. Naira Way promises that never share customer’s information to anyone without consent.
1. No credit history required.
2. High loan amount & Low interest rate.
3. Automatically reviewed: 24x7 access to loans.
4. Computer automatically reviewed and it only take little time
Loan amount for our instant personal loan application: ₦ 5,000 to ₦5,00,000
Daily interest rate: 0.066%
Minimum annual interest rate (APR): 24%, maximum annual interest rate: 36%
Loan repayment period: 6 to 12 months
Handling fee: 2% of loan amount
Examples of loans:
For example, you need a loan of 10,000, divided into 3 repayments, the interest you need to pay is ₦400, and the handling fee is: ₦200. Total debt: ₦10,600
Monthly interest calculation formula = annual interest rate (APR) 24% / 12 = 2%
Daily interest rate = annual interest rate (APR) 24% / 12/30 = 0.66%
Total interest for repayment = (number of months of repayment + 1) * loan amount * monthly interest rate / 2 = (3 +1) * ₦10,000 * 2% / 2 = ₦400
Handling fee = loan amount * 2% = ₦10,000 * 2% = ₦200
Total debt = total interest + principal + handling fee = ₦400 + ₦10,000 + ₦200 = ₦10,600
Monthly repayment = total debt / number of months of borrowing =
10,600 / 3 = ₦3533.33
WHO can apply?
2.18 years or above.
3.Salaried/self-employed with regular source of income.
How to APPLY?
1.Download Naira Way App from google play store and install.
2.Register with your phone number.
3.Fill in basic information.
4.After the submission of the loan application, the final result will be shown in the APP.
5.If approved, the loan amount will be disbursed into the bank account directly.
Customer Service Email: firstname.lastname@example.org