Olamide Famuwagun

With the kind of economy, we are in today, obtaining loans have become as important as ever to both business owners and individuals. However, regardless of the reasons you need a loan, finding a good lender is mostly up to 70% of the work. More so, this why institutions like the Globus bank are in business, to make things easier than they currently are. Globus bank loans are some of the easiest to obtain, meeting the needs of many over the years.  

About the company

Being relatively new in the market, Globus bank was incorporated as a limited liability company back on March 6, 2019. Also, they are duly licensed by the Central Bank of Nigeria and have a primary purpose of providing commercial banking services to the citizens of Nigeria. However, just like many today, Globus bank is an institution built on digital foundations and aims to be Nigeria’s foremost digital bank. Basically, this is to provide the best timely solutions to meet the needs of their customers.

What are the services under Globus bank loans?

Although Globus bank provides an avenue for conventional personal banking, their loan products remain the company’s major selling point. Therefore, the loan services they provide include:

1. Personal loans

Globus bank personal loans are available to employees of organizations. Basically, the bank cuts a deal with businesses, allowing their employers to obtain up to 75% of their net annual salary as a loan. However, note that this is only available to applicants with terminal benefits.

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Get a loan up to N100,000 at the best affordable rates in Nigeria

Did you know that you can now you can compare interest rates from different lenders with our loan simulator and get the best deal? Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today

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2. Creative sector loan

The creative sector loan is sponsored by an initiative of the Central Bank of Nigeria (CBN). Basically, it is aimed at building capacity and creating employment for individuals in the fashion, software engineering, and information technology industries. You can also check out this post on the Central Bank of Nigeria loan.

3. Asset finance

Globus banks designed this service for businesses looking to purchase assets. Therefore, it funds their purchase of equipment such as vehicles, machinery, and even realize cash from the value in assets which the businesses already own.

4. Vehicle finance

Vehicle finance funds your desire to purchase a vehicle of your choosing. Also, the repayment structure is flexible and includes interests, instead of a lump sum payment which may be difficult.

5. Mortgage

Lastly, mortgage loans help take off the burden of direct payment of real estate projects from you as the customer. Basically, the bank pays upfront and allows you to pay back the borrowed amount over an agreed period of time.

What are the applicable interest rates to Globus bank loans?

The interest rate applicable to Globus bank loans is not fixed but instead varies depending on the type and nature of the loan. However, one thing is certain, which is the fact that they would state the rate in the contract, informing you before it’s finalized. At that point, it is left for you to weigh your options and either accept or reject.

What are the minimum requirements for taking up a loan?

With Globus bank, each loan has its own minimum requirements. However, most of each loan product includes the compulsory qualification that the customer must have a steady source of income. This is how the bank judges your repayment capacity and weighs the risks of lending to you.

What are Globus bank loans repayment terms?

You and the bank agree on the repayment term upon completing your loan application process. Therefore, they differ from one person to another. However, Globus bank offers flexible and convenient repayment to their customers.

How do I apply for Globus bank Loans? 

Application for Globus bank loans is very easy. You can do so through their online channels or by visiting the bank itself. The processes are:

• Visit their official website at https://www.globusbank.com/ 
• Navigate to the online banking tab and select “corporate banking”
• Create a new account
• After this, you can then apply for a loan through the “borrow” tab

How do I contact Globus Bank?

You can contact Globus bank through any of the following means: 

Address: 6, Adeyemo Alakija Street, Victoria Island, Lagos.

Email: contactcenter@globusbank.com

Phone: 01-2259000, 01-2259001

Twitter: @GlobusBankNG

Instagram: GlobusBankNG

Conclusion

As one of the forerunners of the digital banking system in Nigeria, Globus bank loans are relatively easy to obtain as long as you qualify. Their loan services are available both at personal and business levels, providing just what you need. 

Need a loan? Kindly check out this platform that allows you to compare loans from several lenders in minutes. This would help you make the best decision for you.

One of the latest trending bank apps in Nigeria today is the Kuda Bank app. Being an online-only bank has made it very unique and alluring to the majority of the youths in Nigeria.

The Kuda Bank is also packed with other exciting features that make it a good substitute to the conventional banking system in Nigeria. Without a doubt, it is one of the finest fintech companies in Nigeria. The online-only feature of the Kuda app makes it a bank that doesn’t require its users to visit any physical banks to make transactions or resolve any problem which may arise. 

This is due to the stress people go through in physical banks. This stress could include long queues which waste time and will therefore hinder people from accomplishing their goals for going to the bank first off. In this article, we will be exploring every single thing about Kuda Bank, its unique features that makes it dependable, and an excellent substitute for conventional banking.

Who owns Kuda Bank? 

Babs Ogundeyi is the CEO of Kuda Bank. He studied at Brunel University, London, and has engaged in working within the boundaries of finance for the majority of his career. His work focuses on the public and private sectors of Nigeria.

He was a previous employee of the PricewaterhouseCoopers advising banks, including acting as a senior special adviser pertaining to finance to the federal government of Nigeria.

Mr. Ogundeyi was part of the creation of the first classified car magazine known as the Motor Trader Nigeria which Financial Standard purchased later, a reputable Nigerian newspaper firm. 

 What is Kuda Bank App? 

Kuda bank is primarily similar to a conventional bank but without any physical branch anywhere.

The monetary company is solely online and carries out online financial operations with a legitimate banking license from the CBN (Central Bank of Nigeria). The bank is particularly configured for smartphone users. This means that prospective customers without one will be unable to bank with them. 

You can download the Kuda bank app on various smartphone platforms available as well as iPhone, Android, and Windows. It’s equally important to note that the app is stress-free and offers you banking service at your own convenience, which could be at home, church, school, or anywhere.

Furthermore, anyone with a smartphone can download the Kuda Bank app because of its user-friendly interface which enables easy navigation and performance on the app. Also, they’ve enhanced it for fast loading and will therefore allow quicker transactions.

Due to the power of digital and technology, using Kuda doesn’t attract any service fee. Its mission is to create the best bank for every African on the planet.

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Get a loan up to N100,000 at the best affordable rates in Nigeria

Did you know that you can now you can compare interest rates from different lenders with our loan simulator and get the best deal? Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today

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How does the Kuda App work? 

The Kuda Bank app allows its users to monitor accounts with no charges like other conventional banks do, including free transferring of funds to other Nigerian banks, free debit cards, as well as providing loan services to customers.

These are mind-blowing offers to prospective customers because of the high fee charged by conventional banks for similar services like transferring funds to other banks, debit card issuance, and also ATM card maintenance. It is equally important to be aware that savings made with the app will be given out on loans to borrowers with specific interest attached.

Savings can also be invested into other businesses and interest from such businesses will belong to the bank. 

This isn’t a cause for worry as this same method conventional banks earn with. The major difference is, kuda bank charges considerably lesser than other conventional banks. Proceedings from these investments made by Kuda Bank are sufficient to run the bank due to the fact that they don’t build physical branches.

Kuda Bank App Download for iOs and Android users 

Due to the fact that the app is primarily optimized for smartphone users, it can only be accessed by users of Android and iOs devices.

You can search for and downloaded it from either the Apple app store or the Google Play Store.

How to get a loan from Kuda Bank

Thanks to Kuda Bank’s overdraft, it’s possible to take quick short-term loans online without doing any paperwork. Also, you can decide to pay back at any time with just 0.3% daily interest. Here’s how to apply for a Kuda Bank overdraft:

1. Open the Kuda app and swipe to your borrowed account.
2. Click on borrow.
3. Click on Get your Overdraft.
4. Touch next. 
5. Input the amount you want to borrow and then click on done. 
6. Verify your transaction PIN, face ID, or fingerprint.
7. Click okay and you’re free to spend from your account.

Do you need a loan? Be sure to visit this loan platform that allows you to compare loans from different lenders in minutes. It offers the best and ensures that you get nothing less.

How to sign-up on the Kuda-app

Follow these steps to sign up on the Kuda app:

1. Download and launch the app.
2. Tap the sign-in option since you’re a new user. 
3. Fill in the required details. This will include your email address, password, and also your referral code.You can use a referral code to register if you someone referred you to the platform.
4. On the second page, input your first and last name.
5. Input your gender and date of birth as well as your phone number on the next page.
6. Verify your phone number via the OTP which you will receive through the number provided. On the next page,  give the details of your street name, city, and state.
7. Finally, you will be required to take a selfie and that’s it. You become a bonafide Kuda Bank user.

Read also: Hope Bank – Digital banking made easy

Kuda Account 

After signing up, you need to open an account. The Kuda app will provide an account number that you can use to execute transactions.

There are three types of unique accounts that you can use. They include:

• Lite
• Basic and
• Premium 

You only need to provide your name and number to register on the Lite account, while you need a name, phone number as well as BVN to register on the Basic account.

The premium account is the highest tier. To register, you need a name, phone number, a valid ID, and BVN. 

The premium account enables you to transfer funds as high as 250k max at once, plus maximum transfers per day extended to N1 million but stand at 500,000 on a POS. 

Bonus and codes for Kuda Referral  

To receive the referral bonus, you have to refer a new customer to open an account by downloading and signing up on the app. You receive N200 for every person that you successfully refer to create a new account on the Bank app. 

Bottom line

Unquestionably, Kuda Bank app which is the foremost digital bank is here to stay. Not only is the bank convenient, but it is also user-friendly because it charges little to no bank or card maintenance fee, unlike other conventional banks. Although Kuda Bank still has a lot to do to assure users of its credibility, it is definitely a welcomed development as well as an inspiration for other financial institutions in Nigeria.

Nowadays, a loan is fast becoming a necessity for most Nigerians. Loans are important because they help you resolve financial emergencies. Also, It is very common for people to seek loans from the bank. A reputable bank like Fidelity Bank can help you cover your financial emergencies. Here is all you need to know about how to get a loan from Fidelity Bank.

An Overview of Fidelity Bank 

Fidelity Bank is one of Nigeria’s leading financial institutions founded in 1988. Initially, they started out as a Merchant Bank. However, they became a commercial bank in 1991 and later transformed into a Universal Bank in 2001.

Additionally, their bank boasts of having over 5 million customers. Fidelity Bank services its customers through its various branches and digital banking platforms. Read more on the top banks in Nigeria by asset.

What loan services does fidelity bank offer?

Fidelity Bank has a variety of personal loan options available for you. All you have to do is to pick the loan option most suitable for your need. Here are the various loan options available for you:

1. Fast Loans

As its name implies, fast loan grants you access to instant fundings. Basically, this loan option is suitable for emergencies like payment of school fees or business financing. Fast loan is further divided into six loan options:

a. Payday loan:

Payday loan is simply a short-term loan that caters to the needs of salary earners. However, these salary earners’ accounts have to be domiciled with Fidelity Bank.

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Get a loan up to N100,000 at the best affordable rates in Nigeria

Did you know that you can now you can compare interest rates from different lenders with our loan simulator and get the best deal? Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today

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b. Personal loan:

With personal loans, you can get fundings to meet your personal needs. Also, this loan is stress-free and only for Fidelity bank customers.

c. Point of transaction (POT) loan:

This is a short-term loan that provides funding to Fidelity Bank customers to complete their financial transactions. Usually, these financial transactions are initiated on a POS or ATM but may be left pending due to insufficient balance. POT loan solves this problem for you.

d. Fidelity NYSC loan:

This loan service caters to serving members of the NYSC (National Youth Service Corps). A serving member just needs to apply and get instant funding.

Fidelity Loan on Account Turnover (FLOAT): This loan service caters to active Fidelity account holders. However, to access this loan, you must have a current banking relationship with Fidelity Bank. 

e. Migo Loan:

This is a microloan service that grants instant loans to customers with no documentation needed. Fidelity Bank deposits the loan directly into a customer’s account.

How can I get a Fidelity fast loan? 

You can get a Fidelity fast loan through the following options:

• Dial the USSD code, *770*08#, and follow the instructions.
• Send a text to  Fidelity Bank Ivy on Whatsapp. Their official WhatsApp number is 09030000302. Thereafter, they will give you further instructions.
• Lastly, you can chat them up on their Facebook platform, Fidelity Bank plc

2. Fidelity Easy Asset Leasing Scheme (FEALS)

This loan service provides fundings for the acquisition of assets. These assets may either be households appliance, generators, laptops, or even a new car. 

3. Personal Mortgage loans

This loan service provides funding for all your mortgage. It grants you fundings to buy your dream home.

4. Fidelity Personal Loan Scheme (F-PLS)  

This loan service provides you with fundings to meet urgent personal financial obligations. These financial obligations include your house rent, school fees, travel expenses as well as hospital bills.

5. Instant Salary Advance scheme

Instant salary advance scheme grants you access to 50% of your monthly salary before your next payday. In simpler terms, you will be given 50% of your salary as a loan. Fidelity Bank will automatically take it back once you receive your salary. This loan service caters to the mid-month expenses of salary earners. Read more about banks that offer loans without collateral in Nigeria.

5. Fidelity Bank Credit Cards

With a Fidelity Credit card, you can spend now and pay later. Basically, this card allows you to buy anything you need and payback for it in the future.

Lastly, if you misplace your credit card, you can either call them on +23414485252 or visit the nearest Fidelity Bank to lodge a complaint.

What are the requirements to obtain a Fidelity Bank loan? 

To obtain a Fidelity Bank personal loan, you must meet the following requirements:

• You must provide a receipt of your salary for three consecutive months.
• A digital acceptance of the offer through Fidelity Bank electronic channels.
• You must apply for your loan through Fidelity Bank digital channels.
• You must have a clean credit report and meet Fidelity Bank’s credit ranking.

This sums up the basic requirements to obtain a personal loan. To get comprehensive information about their terms and conditions, refer to their official website.

How can I apply for a fidelity loan?

You can apply for a fidelity loan by following the steps below:

1. Select your desired loan based on the different types of loans we earlier explained in this article
2. If the loan is online, simply make use of the Fidelity bank USSD code (*770*08#) or their mobile application to apply for a loan
3. Visit their physical branch to apply for loans that are not accessible through the USSD code or mobile application and an agent would put you through
4. Lastly, they would inform you whether your loan application was successful or not

How can I contact Fidelity Bank? 

You can contact Fidelity Bank throw the following ways:

Address: 2, Kofo Abayomi Street, Victoria Island, Lagos, Nigeria 

Phone number: 0700 343 35489

website: www.fidelitybank.ng

Email: trueservice@fidelitybank.ng

Bottom line 

Fidelity Bank is reputable for granting instant and convenient loans to meet your needs. Their service covers a variety of loan needs. In case you need to borrow a loan, you can try them out.

Need a loan? Kindly check out this platform that allows you to compare loans from several lenders in minutes. This would help you make the best decision for you

A loan is a sum of money that an individual borrows. Usually, the individual or entity borrowing the loan incurs a debt that they need to pay back with interest. Basically, a loan helps people meet unforeseen financial emergencies. 

The most common place people seek loans is at the bank. A reputable bank like FCMB (first city Monument Bank) is a popular bank known for giving out easy loans. Now, you might be wondering how to get a loan from FCMB. Here is all you need to know about it. 

What are the available loans from FCMB?

FacMB has several loan options available. All you have to do is pick the most suitable one for yourself. Here are the offers available to you:

1. Fast cash

FCMB fast cash is a paperless loan facility that requires no collateral. You can apply for this loan by dialing the USSD code, *329*11#. 

What are the features and benefits of FCMB fast cash? 

Some of the features and benefits of FCMB Fast Cash includes:

1. It grants you instant access to funds. 
2. Fast cash is very convenient because it does not require any paperwork. Just dial, *329*11#
3. Also, you can apply for it as many times as you want
4. Lastly, you get a 3 months replacement cycle 

What are the requirements to get an FCMB fast cash loan?

To get an FCMB fast cash loan,  you must meet the following requirements:

1. You must apply for an FCMB fast cash loan to solve an urgent financial need.
2. FCMB must grant you access to fast cash services.
3. The loan will be paid directly to your current or savings account with FCMB. However, non-FCMB customers must use their salary account.

Basically, this sums up the basic requirements to get a fast cash loan. However, to read a more comprehensive information, refer back to their website, www.fcmb.com

2. Salary Plus Loan

This is a customer credit scheme solely for salary earners who have an FCMB account. Through salary plus, loan qualified FCMB customers can get funding before they receive their salaries. 

What are the requirements to get an FCMB salary plus loan?

To obtain a salary plus loan, you must provide your salary account. Also,  you must provide consistent receipts of your salary for at least six months with a referral to your employer.

3. Premium Salary Loan

This loan scheme caters to verified staff of commercial organizations. However, the organization has to be rated on Moody’s with at least a BB range. Also, interested participants have to be eligible for at least a loan of N2,000,000

What are the features of a premium salary loan? 

1. Here are key features of the premium salary loan:
2. You apply for a minimum loan amount of N 2million.
3. A management fee of 1% fiat upfront.
4. A minimum and maximum tenure of 12 and 60 months respectively.
5. Lastly, the insurance fee will be 0.9% of the loan amount tenure.

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Get a loan up to N100,000 at the best affordable rates in Nigeria

Did you know that you can now you can compare interest rates from different lenders with our loan simulator and get the best deal? Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today

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4. Auto Loan

This loan allows individuals who qualify to part-finance acquisition of personal cars. It allows customers to own a car and pay over a specific period of time. Furthermore, it is divided into FCMB Auto Loan Alliance and Standard Auto Loan.

The FCMB Auto Loan Alliance package offers loans to customers to obtain a Tokunbo car. On the other hand, Standard Auto Loan helps customers buy cars from pre-qualified dealers who have an agreement with FCMB. Read more on car loan companies in Nigeria.

5. Credit Card

With an FCMB Credit card, you can pay for anything. It offers you a credit that you can use to buy anything and requires that you pay back the loan in the future.

How can I get an FCMB Credit card? 

Here are the steps you should follow to get an FCMB credit card 

1. Log into the FCMB website 
2. Next, go to the website’s dashboard and click on loans and credit cards.
3. Thereafter, click on credit card 
4. Read through and click on the link that will redirect you to a form to fill. 
5. Fill in your personal details and click on “Apply now”
6. On the other hand, you can call FCMB credit card on 0700329000 or visit the nearest FCMB branch close to you. 

Read more on banks that offer loans without collateral in Nigeria.

 How can I get a loan from FCMB?

Simply follow the process below to receive a loan from FCMB:

1. Take time out to go through their available loans as listed and explained earlier in this article
2. Visit any of their official outlets, tendering your request for that type of loan
3. An agent would put you through on the application process

However, note that some loans can be applied for and received online and you do not need to go to their office. 

Need a loan? Kindly check out this platform that allows you to compare loans from several lenders in minutes. This would help you make the best decision for you

How can I contact FCMB? 

You can contact FCMB through the following ways:

Address: Primrose Tower,17A Tinubu Street, Marina, Lagos State.

Phone number: 01-2798800 or 07003290000

Email address: customerservice@fcmb.com

You can reach them via any of the means listed above.

Bottom line 

FCMB is one of the most reliable banks to obtain a loan. Their loans are easily accessible and do not require collateral. If you are considering borrowing a loan, you might want to check FCMB loan packages out.