WHAT DO WE DO?
FINCOLE NG understands that life can throw you many challenges & uncertainties, such as medical emergencies, repairs, travel, meeting cash shortfalls for big-ticket purchases etc. Keeping your needs in mind, we have designed this simple loan product with a loan limit of up to 20,000. When compared to the complicated and long application process in banks and other financial institutions, FINCOLE NG is as easy as ordering takeout!
Why should you choose us?
Affordability of the loan
A loan amount as low as &800 is available. For your emergency needs, get a loan for as low an amount as possible.
Customer-focused
Our simple loan process makes us the most trusted lender.
A fast disbursal process
The loan amount will be deposited in your bank account.
24 Hr Support
24/7 customer support to help you with any questions you may have.
Minimal Documentation
The entire process is conducted online without any physical documentation.
Direct Bank Transfer
The amount is directly deposited into your bank account.
HOW TO APPLY FOR A LOAN?
Just 4 simple steps
Download the APP
Download & Install the APP on App Store.
Choose the Loan you need
Choose from the list of loan options provided to you.
Apply for Loan
Apply for your desired loan.
Get the Money
The loan amount will be sent to your bank card account within few hours.
Product feature:
Loan Amount: ₦5,000 - ₦90,000
Loan Term: from 122 days to 365 days
Loan interest: from 18% to 29% per annum.
Maximum Annual interest Rate（APR）: 29%
For example:
- Loan amount: ₦30,000
- Interest rate : 2.5% monthly (or 0.083% everyday if less than one month)
- Tenure: 12 Months
- EMI: ₦2,924.61
- Processing fees: ₦30,000 * 3% = ₦900
- Total Interest payable: ₦2,924.61 x 12 - ₦30,000 = ₦5,095.37
- Total Amount Payable : ₦2,924.61 x 12 = ₦35,095.37
- APR = ( ₦900 + ₦5,095.37) / ₦30,000 = 19.98%
