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LairaPlus Loan App

Free

In Nigeria    V1.0.1.2

5.0 (1 million +)

Security Status

in Nigeria

LairaPlus APP

Best loan app

in Nigeria

Free

In Nigeria   V1.0.1.2

5.0 (1 million +)

Security Status

Nigeria Money Loan APP Repayment Methods and Frequently Asked Questions

Money loan apps are becoming increasingly popular in Nigeria as they provide an easy and fast way to access emergency funds. However, a loan is not just about application and approval, but also how you repay it. This article will introduce the repayment methods and common problems of Nigeria Money Loan APP.

Repayment methods

Most money loan APPs provide an automatic debit function, which means that after sufficient funds are deposited in your bank account, the lender will automatically debit your account. Additionally, you can choose to repay manually by selecting the repayment option in the loan app and make the repayment using a debit card or bank transfer. Finally, some lenders also accept cash repayments, which you can pay at a designated location.

FAQ

1. What should I do if I miss the repayment date?

LairaPlus Loan App

Free

In Nigeria    V1.0.1.2

5.0 (1 million +)

Security Status

for Android

If you miss a repayment date, you may be charged additional late fees. It is recommended that you set a reminder before the repayment date and make sure you have enough funds to make the repayment.

2. What should I do if I cannot repay the loan on the due date?

If you are unable to meet your repayment date, contact your lender as early as possible. Some lenders may offer you deferment or installment options to avoid late fees and a drop in your credit rating.

3. I have paid in full, but my account still shows that I owe money.

If you have paid in full but your account still shows you owe money, contact your lender. It may take them some time to process your repayment and update your account balance.

4. I want to repay the loan early, is it possible?

Yes, most lenders accept early repayment at no extra charge. Make sure you read the terms and conditions in your loan agreement and understand the early repayment policy.

5. Will failure to repay my loan affect my credit rating?

Yes, failing to repay your loan on time may have a negative impact on your credit rating. Therefore, it is recommended that you set a reminder before the repayment date and make sure you have enough funds to make the repayment. If you are unable to make your loan payments on time, contact your lender as early as possible.

Money loan APP is a good choice for getting emergency funds, but repayment is also important. Most money loan apps in Nigeria offer automatic deductions and accept manual and cash repayments. If you miss a repayment date or are unable to repay on time, please contact your lender promptly. Failure to repay your loan on time can have a negative impact on your credit rating, so make sure you have enough funds to make the repayments.

LairaPlus Loan App

Free

In Nigeria   V1.0.1.2

5.0 (1 million +)

Security Status

in Nigeria

LairaPlus APP

Best loan app

in Nigeria

Free

In Nigeria   V1.0.1.2

5.0 (1 million +)

Security Status

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