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Personal loans are designed to help salary earners get cash to meet some of their lifelong dreams. A personal loan is disbursed as a lump sum with repayment distributed monthly when the borrower collects their salary. Most people take out personal loans to cover medical bills, make home improvements, give their sidehustle a little boost, pay for training to improve themselves, and do so much more! Personal loans are also “unsecured,” which means the borrower does…
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Old Nollywood movies made it seem like all one needs to get a loan from any Nigerian bank is to have a landed property that can be used as collateral. From movie plots where a person takes the deeds to a property to the bank to get a loan without the knowledge of other family members to a family getting kicked out of their house by the banks after the death of the breadwinner because…
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Bear Wallet loan app is an instant personal loan platform that uses AI to assess a customer and offer fast micro and medium loans to Nigerian residents. The Android app allows users to borrow between ₦1,000 to up to ₦500,000 unsecured with no collateral and minimal documentation. When a customer makes the online application, the computer will check their credit score and make them an offer, thereby giving customers 24/7 access to loans. An unsecured…
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The Ghanaian cedi has lost 72% of its value against the US dollar since the start of the year. At the time of writing this article, the USD/GHS was trading around 1/10.45. This is indicative of a 45% decline within 6months. Despite Ghana’s central bank raising its interest rate to a record high of 24.5% in an effort to reduce inflation and strengthen the Cedi, the currency has continued to fall. This implies that corporate operating expenses,…
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Your phone functions as more than just a device to receive and make phone calls. In this modern financial era, your phone number is the key to most of your finances. From OTPs to confirm bank transactions, to quick USSD banking performed on your phone, to bank statement of all financial activities performed on your account sent to your phone. The importance of your SIM card to your financial security cannot be over emphasized. To…