Find The Best Debt Consolidation Loans in Nigeria
Consolidate your debts and save money. Use Credit Nigeria to find the best rate
Lets us help you find the best debt consolidation offer!
1. Fill in the loan application
The application form takes only a few minutes to fill in. After this, your application is sent to multiple lenders on your behalf.
2. Receive loan offers
Our partner lenders will be in touch with you directly with loan offers.
3. Get the money
If you choose to accept an offer, you will receive the money from the lender shortly after.
Debt consolidation – Save money on multiple loans
Debt consolidation can substantially decrease the interest rate value you have to pay altogether on multiple loans. By consolidating your loans into a single loan you are able to pay off debts faster and cheaper. Through consolidation, you only need to manage one loan, instead of multiple monthly payment bills with their own administration fees.
For example, you can consolidate credit card loans in Nigeria. Consolidate your debt into one loan with better terms instead of paying off multiple credit card debts with high-interest rates.
Representative example: Loan amount of ₦2,000,000 borrowed for 12 months. Interest Rate /mo.: 4.2%. Total cost /mo. ₦215,584. Total amount payable: ₦2,587,016. The lending institutions are responsible for the interest rate offered with a 46,8% - 108% effective APR. The loan tenure ranges from 1 to 24 months. Loan amount given ranges from ₦10,000 to ₦5,000,000, and the loan offered can be less or more than loan amount requested.