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Car loans are one of the most popular ways to finance a car purchase in Nigeria. This type of loan provides individuals and businesses with the financial resources needed to purchase a car, which can be repaid over an agreed period with interest. In this article, we will explore car loans, what to consider before choosing a car loan, reasons to get a car loan, and a list of car loan companies in Nigeria. What is a car loan? A car loan is a type of loan that is designed to help individuals and businesses purchase a car. Banks, financial institutions, and car dealerships typically offer this type of loan. Car loans are usually repaid over an agreed period, usually between one to five years, with interest. The interest rate on car loans may vary depending on the lender, the loan amount, and the borrower's credit score. What to consider before...

Digital lending in Nigeria FCCPC Guidelines. There's no doubt that the world has gone digital. There has been a notable quantum leap in the advancement of technology. Digital lending in Nigeria has become the norm of the 21st century, but most people don't know what digital lending is, why it is important, or why you should be involved in it. In this article, we will discuss extensively what digital lending is. The most important aspect of this article will be our discussion of what the FCCPC guidelines are and how it affects digital lending in Nigeria. Stay tuned and pay close attention. Digital Lending in Nigeria Imagine you're stranded, and you need an urgent loan to seek out yourself or your family. Imagine you need a fast loan but don't have the collateral to take this loan from the bank; what would you have done in these...

It is easier to get a loan without collateral than without BVN. This has to a great extent created a lot of bottlenecks for persons seeking on how to apply for a loan in Nigeria. The Bank Verification Number (BVN) is a crucial and critical requirement for obtaining loan. The BVN is a special biometric screening and identification system used by banks to check and control unlawful and illegal financial activities. Following the Central Bank Of Nigeria Act 1958 which views BVN as a secured means of curbing financial crimes or fraud in the banking system, the BVN is unique to each citizen across all the banks in the country. Now here's the burning question, Can I Get Loan Without BVN? Yes, you can get instant loans without BVN. There are different applications and websites that offer instant loans without BVN. While some may just...

Have you ever come across the term "outstanding loan"? Well, fret not if it's new to you because we're here to break it down in a super easy-to-grasp way. Imagine you borrow money from a bank or a lender but haven't paid it all back yet. That's when your loan becomes "outstanding." It's like when you borrow your friend's cherished video game but haven't returned it. Until you hand it back, it remains "outstanding." This article will cover everything you need to know about an outstanding loan. What Is Outstanding Loan? An outstanding loan is basically a loan that you still have to repay. Imagine you borrow some money from a bank or a lender to buy something like a car or a house. Now, that borrowed amount is the loan. But here's the thing: you don't pay it all back at once. Instead, you make regular payments over a period of time. So, if...