₦500,000
₦100,000₦1,000,000
3 months
1 month6 months
Estimated monthly repayment
₦186,667
- Loan amount
- ₦500,000
- Total interest
- ₦60,000
- Total repayment
- ₦560,000
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₦186,667 | ₦166,667 | ₦20,000 | ₦333,333 |
| 2 | ₦186,667 | ₦166,667 | ₦20,000 | ₦166,667 |
| 3 | ₦186,667 | ₦166,667 | ₦20,000 | ₦0 |
Figures are estimates only. The applicable rate and repayment terms depend on the specific product and the terms communicated to and accepted by the customer. Approval is subject to credit assessment.
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