Ok Loan description

Ok Loan is a well-designed online loan app that aims to provide users with accurate and stable personal loan services.

Our advantages:
1.7*24 hours online
2.No guarantee, no mortgage
3.Safe, efficient, convenient and stable
4.Low interest rate, flexible repayment period

Loan information:
Loan amount from ₦30,000 to ₦160,000.
Duration: 120days-210days.
APR from 3% to 33% per annum.
Maximum Annual Percentage Rate (APR)：33%
Service charge: 0%.
No other hidden fees applicable to your loans

Representative Example:
User loan ₦30,000, annual interest rate is 10%, term is 120 days:
Daily Interest: ₦30,000 x 10% / 365days = ₦8.22;
Total Interest: ₦30,000 x 10% / 365days x 120days = ₦986;
Daily Repayment: ₦30,000 / 120days + ₦8.22 = ₦258.22;
Total Repayment: ₦30986

Sample Monthly Payment:
If the repayment period starts from May 1st and lasts for 120 days, the detailed repayment information is as follows:
May: 31day * Daily Repayment = ₦8,004.82
June: 30day * Daily Repayment = ₦7,746.6
July: 31day * Daily Repayment = ₦8,004.82
August: Pay off all remaining amounts: Total Repayment - (May + June + July) = ₦7,229.76

Prerequisites for applying for a loan:
1.Be at least 18 years old.
2.Be a legal Nigerian citizen.
3.Provide basic personal information and work information.

If you have any questions or comments, please contact [email protected]