With the new quick and easy online funding options, lenders evaluate creditworthiness and ability to pay back within a stipulated time frame and may approve an amount of loan based on that assessment. Lack of capital is one of the major problems of doing business in Nigeria. Fortunately today, business owners and individuals can apply for quick online loans without putting up their assets as collateral. This is why loans without collateral are very important. Not every individual in Nigeria has what they can tender as collateral to access a loan. However, most lenders often require a form of collateral to serve as security before they give-out the loan to ensure its repayments. Hence, all requests for loans and related services will be ignored.Ī loan is a financial instrument that helps both businesses and individuals to meet financial obligations.
If you ask us, we can tell you how both options would affect you to help you decide what to do. If you want to make a Partial Early Settlement you can choose to either reduce the term of your loan or your monthly repayment amount.Remember that if you change your mind you are under no obligation to proceed.
If you don’t make the payment within this timeframe you will need to contact us again so that we can provide you with up to date information - you then have a further 28 days from the day after this date to make your payment. You will have 28 days from the day after you contact us to make your payment. You can request a Partial or Full Early Settlement by either contacting us on 08 or writing to us at Customer Services Department Post Office Loans Customer Service Team
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