E-Finance – loan application
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Screenshot of https://efinance.ng, operated by: E-Finance Nigeria, used under legitimate licence.
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E-Finance – repayment table
Estimated monthly repayments at 6.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 1 months | 3 months | 6 months |
|---|---|---|---|
| ₦500,000 | ₦530,000 | ₦196,667 | ₦113,333 |
| ₦1,000,000 | ₦1,060,000 | ₦393,333 | ₦226,667 |
| ₦1,500,000 | ₦1,590,000 | ₦590,000 | ₦340,000 |
| ₦2,000,000 | ₦2,120,000 | ₦786,667 | ₦453,333 |
| ₦2,500,000 | ₦2,650,000 | ₦983,333 | ₦566,667 |
| ₦3,000,000 | ₦3,180,000 | ₦1,180,000 | ₦680,000 |
Representative example
Loan amount
₦300,000
Repayment term
9 months
Monthly interest
6.00%
Monthly repayment
₦51,333
Total interest costs
₦162,000
Total amount payable
₦462,000
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
₦100K – ₦5.0M
Term
1 – 9 months
Interest from
6.00%
Approval
24 hours
Age
18+ years
Online application
Yes
Requirements
- ✓ Employment or business registration
- ✓ Bank statement
- ✓ Valid ID
- ✓ BVN
Loan features
- Corporate and personal loans
- ₦100K–₦5M
- 6% monthly
- 1-9 months