Arvofinance: Fast Unsecured Loans4.1.8 - Google Play
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Official Google Play Link
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Publisher Description
Arvo a trading name of Oliver Mead investment Ltd is a fintech solution that provides fast unsecured loans with a simple application process; Arvo aims to bridge the gap between commercial banks and the underbanked Nigerians, offering inclusive consumer finance. Our access to the most efficient technology enables us to guarantee a 24 hour disbursement service to customers.
Loans from the range of 1,000 to 1,000,000
Loan Features
Minimum repayment periods: 2 months
Maximum repayment periods: 6 months
Monthly interest rate: 6-25%
Processing fee rate: 0-2%
Maximum representative APR (Annual Percentage Rate): 72-324%
APR is influence by your credit score with us.
Arvofinance Example Calculation:
Loan amount: ₦50,000
Tenor: 3 months
Interest rate: 6%
Processing fee: 2% x ₦50,000 = ₦1,000 (For FastCash users processing fees is 0%)
Credit amount: ₦50,000 - ₦1,000 = ₦4,9000
Interest Repayment: 6% x ₦50000 = ₦3000
Capital Repayment: ₦50000/ 3 months = ₦8333.33
Monthly Repayment: ₦8,333.33 + ₦3000 = ₦11,333.33
Total Repayment: ₦11,333.33 x 3 months = ₦67,999.98
What you need to do?
- Register
- Apply for your desired loan
- Accept the Loan offer
- Disbursement into your bank account
- Receive higher loan limit and lower loan repayments after each complete repayment
Why Arvo?
- No hidden charges;
- No collateral needed;
- You can borrow up to 1,000,000;
- You can choose your payment tenure;
- It is fast, secure, reliable and easy to use;
- We use artificial intelligence algorithms to run credit scoring;
- We provide an instant credit decision;
- We are available 24 hours, every day of the week.
Eligibility
- Nigerian Resident
- Above 22 years old
