Ajeloan is an Android application for obtaining loans in Nigeria. Users do not have to go anywhere and can complete all necessary repayments via their smartphones.
How to borrow
The process of applying for a loan is simple and takes only several steps to complete. Users need to have Nigerian citizenship and a stable monthly salary. Then the utility allows viewing available plans.
When you are looking for the most optional loan offer, it is possible to use a calculator. This way you find out how much money you may receive and what interest rate comes with it. The credit duration varies between 91 and 180 days. As to the amount, the application allows you to borrow from 5000 to 10000 nairas, depending on your monthly salary.
If you find loan plans too expensive here, you can download Umba Loan. This application is available in Nigeria.
How to repay
When it comes to covering the costs, Ajeloan offers flexible repayments plans. This means that you can minimize the risks and choose the right option according to your financial status.
It is possible to repay monthly or send the full amount at once. The latter allows you to cover all your debt including interest rates. Thus, you save up some money and increase your credit score.
- possibility of borrowing money with interest rate;
- users can repay the full amount at once;
- necessary to verify identity via a mobile phone number;
- app is free to use and download;
- compatible with current Android versions.