Garlic Loan is a fintech company that harnesses internet technology to streamline loan processes without the need
for collateral. Using unique technology, Collects, analyzes, and processes secured loans within 24
hours, allowing you to borrow money online easily
Kindly note that this product is intended only for individuals 18 years and older.
Experience the ease and speed of accessing funds with a Garlic Loan. Download the app today and meet your financial needs with confidence!
Loan Product Details:
Garlic Loan offers flexible loan options to meet your financial needs:
- Borrow Money: Get loans ranging from 50,000 to 200,000 Naira.
- Loan Term: Choose a loan tenure between 120 days (minimum) to 365 days (maximum).
- Annual Interest Rate: Benefit from competitive interest rates, with a maximum of 23% and a minimum of 12%.
Let’s take an example to understand the loan calculation:
If you choose a loan amount of 50,000 Naira and a loan term of 120 days, the total interest to be paid is:
50,000*(23%/365)*120 = 3,781 Naira. The repayment cost will be 50,000 + 3,781 = 53,781 Naira, with monthly
payments of 13,445 Naira.
What Makes Garlic Loan Different?
Garlic Loan stands out from traditional lenders for the following reasons:
- No Collateral Required: Garlic Loan offers completely unsecured loans, eliminating the need for any collateral
or property guarantee. - Efficient Online Process: Enjoy a seamless loan application process, all carried out online without needing calls or visits. The loan is issued to your account once the review is completed.
- Privacy Protection: Rest assured that your data and privacy are safeguarded throughout the loan
process.
How to Use the App:
Using Garlic Loan is simple and convenient. Follow these steps to get started:
- Fill out the online loan form with your required information.
- Wait for loan approval.
- Upon approval, the loan amount will be transferred directly to your account.
Repayment Process:
Garlic Loan offers multiple repayment options for your convenience:
- ATM Transfer
- Mobile Banking
- Internet Banking
- Digital Wallet
After completing the payment, you will receive a text message notification confirming the successful transaction.
Contact Garlic Loan:
If you have any questions or need assistance, feel free to reach out to Garlic Loan through the following contact
Channels:
- Email: [email protected]
- Phone: +234 09169845131
- Company Address: SIRET TECH COMPLEX, LOKOJA – ABUJA EXPRESSWAY (OPPOSITE FEDERAL UNIVERSITY LOKOJA PERMANENT
SITE) FELELE, Lokoja, Nigeria
