Oyeyemi Elizabeth
New member
Do commercial banks give loans of say 200K payable in 30 days and with 3% interest rate?
Such loans are for Salary earners whose salary accounts are domiciled with the banks. If not, their loan rates are almost same with the fintechs.Yes they do. All fintech loan are just thief milking Nigerians.
Just have a business account with them and you will get access to their loans.
Even recently the BANK OF INDUSTRY (BOI) with collaboration with bank give loan in millions to women at 27% per annum.
Kindly make research about it
Note, when the interest rate is deducted before disbursement, the 16 percent interest rate they claim goes up to like 18 percent.Such loans are for Salary earners whose salary accounts are domiciled with the banks. If not, their loan rates are almost same with the fintechs.