At Nextpayday, verified income earners can access fast, unsecured personal installment loans. Eligible borrowers can access up to 4× their monthly earnings and may qualify for higher loan amounts based on timely repayments.
Loan Terms:
Repayment period: 4 months (minimum and maximum)
Monthly interest rate: 7.5% flat
Maximum APR: 97.5%
Representative example: A ₦100,000 loan for 4 months at a 7.5% monthly flat interest rate attracts ₦30,000 in interest and a ₦2,500 insurance/risk fee, resulting in a total repayment of ₦132,500, payable in 4 monthly installments of ₦33,125.
Access unsecured, affordable, fast and simple personal installment loan.