Tag: Interest
8 Best Loan App in Nigeria with Low Interest Rate (New) – 2023
Are you looking for the reliable and best loan apps in Nigeria with low interest rate to borrow money quick for your business or personal needs? If YES, this article is only what you need to read today. In the past, accessing quick loans in Nigeria has always been tedious, as there are a lot …
8 Best Loan App in Nigeria with Low Interest Rate (New) – 2023Read More
Fixed deposit in Nigeria: Interest rates, investment & more
A fixed deposit is an ideal way to earn passive income on your money instead of keeping it idle in a savings account. In fact, many people make a business out of investing huge amounts for as long as one year, to reap a larger share of interests at maturity. This is not a scam …
Fixed deposit in Nigeria: Interest rates, investment & moreRead More
Specta: How to get a loan, interest rates, repayment terms & more
Specta is an online loan platform powered by Sterling Bank. It allows eligible users to obtain instant personal and business loans at low-interest rates. In this post, you will learn how to get a loan from Specta. You will also learn how Specta by Sterling loan services work, Specta loan packages, Specta by Sterling interest …
Specta: How to get a loan, interest rates, repayment terms & moreRead More
OKash: How to get a loan, Requirements, interest rate, & more
Have you ever been in a situation where you need money urgently, but have no collateral? OKash is one of the best money apps that give quick loans to users. In this post, you will learn how to get a loan from OKash. What is OKash, and how does it work? OKash is a micro-lending …
OKash: How to get a loan, Requirements, interest rate, & moreRead More
Interest rates: meaning, types and more
Interest rates are one of the fundamental concepts of finance that impact the economy and our daily lives. Interest rates are the cost of borrowing or the return on investment, and they influence the level of investment, inflation, and economic growth. This article aims to provide a comprehensive understanding of interest rates, their types, and …
Carbon Zero: How to buy now and pay later with no Interest
Carbon Zero is a feature enabled for eligible users of the digital bank, Carbon. The Carbon Zero feature enables users to pay for electronics in installments without any interest rates added. However, the feature has a few conditions attached before a customer can be eligible. In this guide, you’ll find more information about the eligibility …
Carbon Zero: How to buy now and pay later with no InterestRead More
Simple interest vs Compound interest: Differences and Definitions
Simple interest and compound interest are two important concepts in finance that are used to calculate the returns on investments. While both forms of interest involve earning money on an initial principal amount, they differ in the way that they are calculated and applied. Simple interest is a straightforward calculation based on the principal amount, …
Simple interest vs Compound interest: Differences and DefinitionsRead More
Interest rate swap: meaning, benefits and more
What is interest rate swap? The interest rate swap also known as an interest rate exchange contract or interest rate derivative, are bank offered risk mitigating techniques used to manage or hedge interest rate risks or to speculate on developments in interest rates. In an interest rate swap, you and the bank exchange interest payments …