A1Credit 1.3

Looking for a reliable loan option? A1 Credit provides access to soft loans ideal for both personal and business needs. Through the convenience of our mobile app, applying for a loan is a straightforward process requiring basic details.

Rates and Requirements:

• A1 Credit caters to salary earners, particularly civil servants, offering loan amounts starting from N50,000 up to N1,000,000 with repayment terms spanning between 12 to 36 months on a monthly basis.
• To qualify for these loans, individuals must be at least 21 years old, employed with a stable income, and may need to provide a bank statement and valid ID for verification.
• Interest rates are determined by our credit scoring algorithm, ranging from a minimum of 3% per month to a maximum of 10% per month, translating to an Annual Percentage Rate (APR) between 36% and 120%.

For instance:

• If you opt for our personal loan of N50,000 to be repaid over 12 months at an interest rate of 3% per month (equivalent to 36% APR), your total repayment would amount to N68,000 inclusive of N18,000 in interest.
• Please note that at least one guarantor is required for the application process. Depending on the loan amount, additional documentation such as National Identification Number (NIN) and bank cheques may be requested to facilitate verification.

Despite these requirements, our loan application process remains hassle-free as you can complete it through our user-friendly mobile app.