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NYIF Loan Discussion Thread (258755 Views)
Dickson25(m): 12:43pm On May 19, 2022 |
We need to drag this people on social media...
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Idrismusty97(m): 12:45pm On May 19, 2022 |
Dickson25:Asin serious dragging, they will regret ever lobbying to be among the disbursers. |
PastorFire: 1:30pm On May 19, 2022 |
Idrismusty97:The earlier the better. |
PastorFire: 1:32pm On May 19, 2022 |
Beansman:Baobab process seems similar to Lapo. You might not be issued the number. The only thing you might see is Alert. |
W3xy1(m): 1:32pm On May 19, 2022 |
Idrismusty97:I went to their branch last week and they are yet to call me for disbursement |
PastorFire: 1:33pm On May 19, 2022 |
smartkester:They will credit your . But USSD code might not work. Maybe a blank cheque paid into your conventional . |
PastorFire: 1:34pm On May 19, 2022 |
Riverrun:We have said it here and here again, DONT SIGN ANY AGREEMENT. 4 Likes |
Idrismusty97(m): 1:53pm On May 19, 2022 |
PastorFire:True sha. But since they already sent both a mail and text that they have received my response is it still advisable to go? |
PastorFire: 1:57pm On May 19, 2022 |
kokolinxum:Use your NYIF money and play it alone. 5 Likes |
Idrismusty97(m): 2:41pm On May 19, 2022 |
W3xy1:Someone went Friday last week and they have already called him. Even going self isn't certain na wa o. |
funkyshade(f): 3:07pm On May 19, 2022 |
Baobab visit was productive. Loan approved but was a little disappointed with the amount allocated.
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Idrismusty97(m): 3:15pm On May 19, 2022 |
funkyshade:How much was allocated and did you signed any agreement? |
W3xy1(m): 3:26pm On May 19, 2022 |
I received two messages today. No call yet for disbursement
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Idrismusty97(m): 3:32pm On May 19, 2022 |
W3xy1:At least you received a USSD message. Perhaps because you went to their branch. Many of us just received the first. 1 Like |
funkyshade(f): 3:59pm On May 19, 2022 |
Idrismusty97: Yes an agreement was signed & 250k was allocated |
Idrismusty97(m): 4:13pm On May 19, 2022 |
funkyshade:Hmmm this is probably because you ed as an individual business with no CAC or Tin whatever. So it's 250k they want many people to risk their life for traveling to their branches? Besides that agreement thing i am not sure LAPO or NPFMFB did it. Thanks for your . Cc: PastorFire this Baobab peeps make people sign an agreement on top government money, what's your say on it? |
Crazeworld(m): 4:21pm On May 19, 2022 |
funkyshade:I like your name, Shade. |
Riverrun: 5:24pm On May 19, 2022 |
funkyshade: So where you paid through cheque or bank ? |
Dickson25(m): 6:00pm On May 19, 2022 |
Which useless agreement... This people are not serious at all. Please let take this complain to your FB page
1 Like |
funkyshade(f): 6:34pm On May 19, 2022 |
5% @ 60 months (5 years).
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Idrismusty97(m): 6:44pm On May 19, 2022 |
funkyshade:5% of 250k is about 13k. Does this mean you are paying back 250+13k in 5 years time or how is it calculated? If it's as simple as that it's a bit fair especially for those with higher loan approved. |
funkyshade(f): 7:01pm On May 19, 2022 |
Idrismusty97: Nope: Approved loan: N250k Interest Rate: 5% per annum Repayment frequency: monthly principal & interest Tenor: 60 months Moratorium: 12 months on both principal & interest. You gerrit now? |
Idrismusty97(m): 7:10pm On May 19, 2022 |
funkyshade:Sorry still don't get it ![]() |
funkyshade(f): 7:24pm On May 19, 2022 |
From my observation, going to the bank may just be necessary.
1 Like |
funkyshade(f): 7:36pm On May 19, 2022 |
Idrismusty97: It's basic maths sir, Where: A = P(1 + rt) P= 250,000 R= 5% t= 5years A = N312,500.00 Interest = A - P = N62,500.00 Equation: A = P(1 + rt) So the N312,500 will be spread across the 5years according to ur payment plan. |
funkyshade(f): 7:41pm On May 19, 2022 |
funkyshade: In this case, I will be paying 5,300 approximately monthly (that's against 60months) Hope you gerrit now? 1 Like |
dhope: 7:43pm On May 19, 2022 |
kokolinxum:With this legit platform you don't need any loan bro. Just dey enjoy ur package alone as ure already a big boy smiling up-and-down 4 Likes |
bulespephilo(m): 7:45pm On May 19, 2022 |
funkyshade:Yeah. This is how it's supposed to be. That was the initial and conditions. One paying back in a year will pay back just 5% but one paying back in 2 years will pay 10% and so on... |
funkyshade(f): 7:47pm On May 19, 2022 |
dhope: 1 Like |
Idrismusty97(m): 7:54pm On May 19, 2022 |
funkyshade:Ok i get it now, thanks. |
dhope: 7:59pm On May 19, 2022 |
funkyshade:This should be compound interest. Don't even know how much to pay back when I collected it last year. |
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