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Interest On 1 Million Naira. by Geepee77(m): 5:54pm On May 20, 2020 |
Good day nairalander.... I just wanna ask if anyone knows the interest rate banks charge for 1million naira in 6 months or 12 months. Someone said its 90,000 interest in a year and I'm actually finding it difficult to believe. |
Re: Interest On 1 Million Naira. by Luckydubby7(m): 6:04pm On May 20, 2020 |
Geepee77:. 90k for a year? Nigeria bank? Who dey deceive u like this? |
Re: Interest On 1 Million Naira. by Geepee77(m): 12:09am On May 21, 2020 |
Luckydubby7: Do you have any idea on how much interest they will charge for 1M in a year? |
Re: Interest On 1 Million Naira. by joeadoga(f): 5:04pm On Jun 02, 2020 |
Geepee77:40k |
Re: Interest On 1 Million Naira. by Geepee77(m): 5:17pm On Jun 02, 2020 |
joeadoga: 40k? Which bank? |
Re: Interest On 1 Million Naira. by joeadoga(f): 5:31pm On Jun 02, 2020 |
Geepee77:Access bank. Approximately 3300 monthly on a 4% interest rate annually |
Re: Interest On 1 Million Naira. by Mcleo007(m): 5:46pm On Jun 02, 2020 |
It varies per Bank tho. Some Banks charge 1.3% interest rate while some 1.8%. You must have a good relationship with your Bank and account officers as loans are difficult to give during this time. I know GTB is around 1.3% while Union Bank is around 1.8%. |
Re: Interest On 1 Million Naira. by joeadoga(f): 6:48pm On Jun 02, 2020 |
joeadoga:I'm sorry, sir. I'd thought you were referring to the interest on deposits. Well, interests on loans are way higher and varies from bank to bank |
Re: Interest On 1 Million Naira. by chillex8(m): 7:19pm On Jun 02, 2020 |
joeadoga:It’s no longer 4%
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Re: Interest On 1 Million Naira. by Alkason: 9:44pm On Jun 02, 2020 |
I am looking for where I can get a loan of 1m naira to enable me complete my start up capital for a new business. Note: I am a salary earner |
Re: Interest On 1 Million Naira. by Geepee77(m): 12:00pm On Jun 03, 2020 |
joeadoga:I thought as much. |
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