Nigeria – Representative example

Amount: ₦300,000

Duration: 6 months (180 days)

Monthly interest rate: 5%

APR: 60%

Six repayments of 65,000 (total: ₦390,000)

LOAN Details - Nigeria

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Amount: From ₦1,500 to ₦500,000
Duration: 61 days to 180 days

Monthly interest rate: 4% to 30%
APR %: 48% to 360%

Daily discount: 1% of the loan amount per day
Daily late fees: 1.5% of the loan amount per day

 

Loan Details - India

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Amount: From 1,500 to ₹2,00,000

Duration: 61 days to 180 days

Monthly interest rate: 1% to 12%
APR %: 12% to 144%

Daily discount: 1% of the loan amount per day
Daily late fees: 1.5% of the loan amount per day

 

India – Representative example

Amount: ₹30,000

Duration: 6 months (180 days)

Monthly interest rate: 6%

APR: 72%

Six repayments of ₹4,800 (total: ₹40,800)