TrustLoan 1.0.4

TrustLoan positions itself as a dependable loan application within the Nigerian financial sector, aimed at facilitating prompt access to monetary support. The platform is characterized by its transparent terms and flexible repayment options, coupled with an intuitive user interface, catering effectively to the financial management needs of Nigerians.

Requirements:

• Nigerian citizenship is mandatory.
• Must be at least 18 years old.
• A consistent source of income is required.

Features:

• Loan Amount: up to ₦1,000,000
• Loan Tenure: between 91 days and 360 days
• Annual Percentage Rate (APR): up to 20%
• Service Fee: 6%

Example Calculation:

For instance, if an individual takes a loan of ₦1,000,000 for a tenure of 360 days, with an APR of 10% and a service fee of 6%:

• Daily interest rate = 10% / 365 = 0.027%
• Interest for 360 days = ₦1,000,000 * 0.027% * 360 = ₦97,200
• Service fee = ₦1,000,000 * 6% = ₦60,000

The total amount to be repaid would be ₦1,157,200 (₦1,000,000 + ₦97,200 + ₦60,000).

Contact Information:

• Customer Service Email: [email protected]
• Address: No. 21, Tiamiyu Savage Street, Victoria Island, Lagos