Loan Details
₦
6 Months
Loan Summary
Loan Type
Traders Loan
Loan Amount
₦500,000
Loan Tenor
6 Months
Monthly Interest Rate
4%
Insurance (1%)
₦5,000
Admin Fee (1%)
₦5,000
Estimated Monthly Payment
₦103,333
Repayment Schedule
| Month | Beginning Balance (₦) | Repayment (₦) | Interest (₦) | Principal (₦) | Ending Balance (₦) |
|---|
Note: The "Monthly Repayment" amount quoted above is only a guide. Individual offers may vary based on your credit profile and our current lending policies. All calculations are estimates only.