SmartCoop play online

1.The required information for personal loans,

Eligibility criteria for personal loans
Valid bank details
BVN number
Android Phone
Complete application
Half of loan amount equal to the total savings amount e.g; If you require 100,000 loan amount, you must have 50,000 in savings.

2. Minimum and maximum period for repayment, Minimum 3 month -Maximum 36 months

3. Maximum Annual Percentage Rate (APR), or a representative example of the total cost of the loan: APR is 15% of loan amount

4.Applicable fees (e.g. sample monthly payment, sample interest calculation), or your full loan repayment period is less than 60 days

Savings: Monthly savings: Interest on funds locked for 6 to 12month is 12%. If you save 10,000 within 6months, you get back N11,200. That is interest of 1,200-12% of 10,000.

Loans: There are no processing fees other that 15% interest on loan amount. The least Loan/credit facility must not be less than 1,000.00 (One Thousand Naira only)