Nigeria Bank Loans: 7 Types, Rates & How to Qualify (2026)

Nigeria’s headline inflation stood at 15.69% in April 2026, according to the National Bureau of Statistics — a significant drop from 26.82% recorded in April 2025, yet still high enough to keep borrowing costs elevated for millions of Nigerians. At its 305th Monetary Policy Committee meeting on May 19–20, 2026, the Central Bank of Nigeria held the benchmark Monetary Policy Rate steady at 26.50%, reflecting a cautious stance as global commodity shocks from the Middle East conflict added fresh pressure to domestic prices. For anyone planning to take a bank loan in Nigeria this year, understanding how these macro numbers translate into what you actually pay at the counter is not optional — it is the difference between a good deal and an expensive mistake.

This guide covers every major loan type available in Nigeria in 2026, verified interest rates for each category, lender-by-lender comparisons, step-by-step eligibility requirements, and practical tips that have helped real Nigerians get approved. Whether you are a salary earner seeking quick cash, a trader who needs working capital, or a family ready to buy their first home, this is your complete reference.

What Is a Bank Loan and How Does It Work in Nigeria?

A bank loan is money that a licensed financial institution advances to an individual or business, with the agreement that the borrower repays the principal plus interest over an agreed period. The interest is the lender’s compensation for the risk of lending to you and the opportunity cost of deploying those funds elsewhere.

In Nigeria, the cost of a bank loan is anchored to the CBN’s Monetary Policy Rate. When the CBN raises the MPR — as it did repeatedly through 2024, taking rates from roughly 18% to a peak of 27.5% — commercial banks respond by raising their own lending rates to protect their margins. When the MPR eases, borrowing costs eventually follow. The current MPR of 26.50%, set after a 50 basis point reduction in February 2026, means lending rates across Nigerian banks remain elevated relative to historical averages.

Nigeria bank loan guide 2026 — types, rates and how to qualify — From personal loans to NHF mortgages — understanding your bank loan options in Nigeria can save you millions of naira over a lifetime of borrowing.

Two key methods determine how much interest you will actually pay on a Nigerian bank loan. The flat rate method applies interest to the original loan amount throughout the entire repayment period — easy to understand, but more expensive in total. The reducing balance method applies interest only to the outstanding principal, so your interest bill shrinks with each repayment. This is the more borrower-friendly option. Always ask your lender which method applies before you sign anything, because the difference in total repayment between the two methods on a ₦2 million loan can run into hundreds of thousands of naira.

What Is the Current Interest Rate on Bank Loans in Nigeria?

This is the most frequently searched question about borrowing in Nigeria — and the answer depends significantly on which type of lender you approach.

Nigeria bank loan interest rates comparison by loan type 2026 — Government-backed loans are up to 24x cheaper than some digital lending products — yet millions of qualifying Nigerians never access them.

Nigeria’s average bank lending rate stood at 19.54% per annum as of January 2026, according to data from the Central Bank of Nigeria. However, that figure is a weighted average across all loan types. In practice, the rate a specific borrower faces depends on their credit profile, the lender, and the loan category. Here is what the market looks like by segment in 2026:

Loan Category	Typical Interest Rate (p.a.)
Personal/salary loans — commercial banks	20% – 35%
SME and business loans	18% – 30%
NHF mortgage (FMBN route)	6% fixed
Commercial mortgage loans	15% – 22%
First Bank MREIF home loan	9.75% fixed
Government-backed loans (NIRSAL, AGSMEIS)	5% – 9%
Microfinance bank loans	36% – 60% (3%–5% monthly)
Digital/online loan apps	60% – 120% APR

The single most important insight in this table: the cheapest bank loans in Nigeria are government-backed or NHF mortgage products, not commercial bank salary advances. The gap between a 6% NHF mortgage and a 35% salary advance on the same principal, over a ten-year horizon, is not marginal — it is life-changing. The trade-off is that cheaper loans require more documentation and a longer qualifying process.

7 Types of Bank Loans Available in Nigeria

Nigeria’s lending market is more diverse than most borrowers realise. Matching the right loan type to your situation is the single most important decision in the borrowing process.

1. Personal and Salary Loans

Personal and salary loans are the fastest and most accessible category of bank loan for Nigerian employees. Most commercial banks offer salary advance products that let you borrow a multiple of your monthly take-home pay — typically between one and three times — directly through your mobile banking app, with funds disbursed within minutes of approval.

These products require no physical collateral. The bank holds an implicit claim on your salary: repayments are deducted automatically when your pay arrives. GTBank’s QuickCredit, for example, offers between ₦5,000 and ₦5,000,000 to salary account holders with at least six consecutive monthly salary lodgements, at 2.95% per month (35.4% per annum). Access Bank’s QuickBucks and First Bank’s personal loan products follow a similar model, with rates generally falling in the 2%–3% monthly range across tier-1 banks.

Self-employed Nigerians face more friction accessing this category. Most salary advance products are explicitly designed for formal employees. If you run your own business or work as a freelancer, microfinance banks and fintech lenders are generally more accessible — at higher rates.

2. SME and Business Loans

Business loans in Nigeria serve purposes ranging from working capital and stock purchases to equipment acquisition and business expansion. Commercial banks such as Access Bank, GTBank, Zenith Bank, First Bank, and UBA all have dedicated SME desks with products tailored to specific sectors.

Rates on SME loans from commercial banks typically range between 18% and 30% per annum in 2026. Larger loans above ₦10 million almost always require some form of collateral — land documents, a vehicle, business equipment, or a third-party guarantee. Banks also require at least 6–12 months of business banking history and, in most cases, a CAC-registered entity. GTBank’s QuickCredit for Small Business goes up to ₦10 million for businesses in education, healthcare, fashion, food, and trade sectors at the same 2.95% monthly rate as its personal product.

For businesses in the agricultural and agri-processing space, government-backed intervention schemes are available at dramatically cheaper rates — covered in detail below.

3. Mortgage Loans

Mortgage loans help Nigerians buy, build, or renovate residential property by spreading the cost over many years. Nigeria has two distinct mortgage pathways with very different terms.

The National Housing Fund (NHF) route through the Federal Mortgage Bank of Nigeria (FMBN) is the most affordable. Contributors to the NHF who have saved for at least six months can access loans of up to ₦50 million at a fixed rate of just 6% per annum, repayable over up to 30 years. This rate is fixed throughout the loan life — not subject to CBN MPR fluctuations. For a ₦20 million home loan, the difference in total interest paid between a 6% NHF mortgage and an 18% commercial mortgage over 20 years runs into tens of millions of naira.

The commercial mortgage route gives faster access but at a much higher cost. First Bank’s MREIF Home Loan — a Federal Government partnership through the Ministry of Finance Incorporated — offers a competitive 9.75% per annum fixed rate, up to ₦100 million, with equity contributions starting at 10% and a maximum tenor of 20 years. Standard commercial mortgage products from other banks range between 15% and 22% per annum.

4. Microfinance Bank Loans

Microfinance banks (MFBs) exist to serve Nigerians who fall outside the reach of the formal commercial banking system — market traders, artisans, teachers, tailors, mechanics, and informal sector workers who have regular income but lack the salary accounts and documentation that tier-1 banks demand.

NIRSAL Microfinance Bank is the most important MFB for cost-conscious borrowers. With 115 branches across all 36 states, NIRSAL channels CBN intervention funds to farmers, SMEs, and households at subsidised rates. Its AGSMEIS scheme offers loans up to ₦10 million at 5% per annum for qualifying agribusiness and SME operators — the cheapest commercial financing available to most Nigerians outside the NHF mortgage programme.

LAPO Microfinance Bank, Nigeria’s largest MFB by community reach, offers group-based and individual loans including education loans up to ₦100,000 for school fees at 3%–5% monthly. AB Microfinance Bank serves traders and small businesses at 2.8%–5% monthly on a reducing balance basis.

The critical caveat with MFB loans: monthly rates look small but annualise to very large numbers. 3% per month equals 36% per annum. 5% per month equals 60% per annum. Always convert the monthly rate to annual before comparing it with a commercial bank offer.

Microfinance bank loan Nigeria 2026 — access credit without collateral — Microfinance banks like NIRSAL MFB and LAPO have extended credit to millions of Nigerians who fall outside the reach of commercial banking.

5. Islamic (Non-Interest) Bank Loans

For Nigerian Muslims — and for any borrower who prefers ethical, interest-free financing — Jaiz Bank PLC offers the country’s primary Islamic banking solution. Jaiz is Nigeria’s first and only full-time non-interest bank with a CBN national licence. It commenced operations in 2012 and now has branches across Abuja, Lagos, Kano, Kaduna, and other major cities. Stanbic IBTC operates a separate Islamic window for customers who prefer that route.

Islamic banking prohibits riba (interest). Jaiz Bank earns income instead through Sharia-compliant transaction structures:

Murabaha (cost-plus sale): Jaiz purchases the goods or asset you need, then sells it to you at an agreed higher price with deferred payment. The profit margin is fixed and disclosed upfront — it will not change.
Ijarah wal-Iqtina (lease to own): The bank leases you an asset — a car, equipment, or property — and you gradually acquire ownership through rent payments.
Musharakah (profit-sharing partnership): A joint venture where Jaiz and the borrower share both profits and risks of a business venture, with no fixed interest obligation.

To access Jaiz financing, you need a Jaiz Bank account, valid ID, proof of income, a clean financial record, and Sharia compliance for the financed activity. The bank does not finance businesses in alcohol, tobacco, gambling, or other prohibited sectors.

6. Online and Digital Loans

Digital lending has transformed credit access in Nigeria. As of May 2025 — the latest audited figure — over 425 companies were licensed or registered to offer digital lending services, up from 320 the previous year, according to Nairametrics. Among these, seven loan apps crossed the five-million download mark on Google Play, a sign of how mainstream digital borrowing has become.

The most reputable digital lenders in Nigeria include Carbon (formerly Paylater), FairMoney, OKash, Renmoney, and Kuda Bank’s overdraft product. Carbon offers personal and business loans via its app with transparent rates; FairMoney and OKash are both backed by Blue Ridge Microfinance Bank, a CBN-licensed institution, offering loans from ₦3,000 to ₦2 million with APRs of 60%–120%. Kuda Bank’s overdraft suits customers already banking digitally with Kuda and building a transaction history.

A firm warning: always verify a digital lender is either CBN-licensed or holds full FCCPC approval before submitting any personal data. Predatory lenders that harvest contacts and harass borrowers remain active in the Nigerian market. Any app not appearing on the CBN or FCCPC approved lists should be avoided entirely.

7. Government-Backed Loans

Nigeria’s federal government and the CBN have established multiple intervention programmes that channel low-cost credit to specific sectors of the economy. These schemes are not widely publicised, which is why millions of qualifying Nigerians never access them.

Key 2026 government-backed loan programmes include:

AGSMEIS (Agri-Business/Small and Medium Enterprise Investment Scheme): Administered through NIRSAL MFB at 5% per annum for agribusinesses and qualifying SMEs. Loans up to ₦10 million. Requires mandatory entrepreneurship training at a CBN-accredited institution before disbursement.
NHF Mortgage (FMBN): 6% per annum for NHF contributors buying, building, or renovating homes. Up to ₦50 million. Tenor up to 30 years.
FMBN Estate Development Loan: 10% per annum for property developers building affordable housing for NHF contributors. Tenor up to 24 months.
TraderMoni/MarketMoni: Small-ticket government loans for petty traders and artisans. Amounts typically range from ₦10,000 to ₦100,000, disbursed through mobile platforms.

These programmes require patience — applications go through formal channels, documentation requirements are thorough, and processing times are longer than commercial bank products. But for qualifying borrowers, the interest savings over the life of a loan are extraordinary.

Best Bank Loans in Nigeria — Lender-by-Lender Breakdown

Choosing the best bank loan in Nigeria means matching the right product to your specific profile. Here is how the leading lenders compare in 2026.

GTBank QuickCredit remains the benchmark for instant personal loans. Available entirely through the GTWorld app or by dialling 73751*51#, it requires at least six months of salary history with GTBank, a minimum net monthly income of ₦10,000 (higher income levels unlock larger limits), and a clean credit bureau record. Loan amounts run from ₦5,000 to ₦5,000,000 at 2.95% per month, repayable over up to 12 months. There are no hidden fees beyond the 1% one-time credit insurance charge. Titi, a marketing executive who needed ₦500,000 for a family matter, applied through the GTWorld app and had funds in her account within the hour — no branch visit, no paperwork.

Access Bank QuickBucks is the competitive alternative for Access Bank salary account holders, delivered through the AccessMore app. Access Bank became the first Nigerian tier-1 lender to meet the CBN’s new ₦500 billion recapitalisation threshold, a sign of institutional strength that protects depositors and sustains retail lending capacity. QuickBucks rates are personalised based on credit score and account behaviour, but generally align with the 2%–3% monthly range of peer products. First-time borrowers receive conservative initial limits that grow with repayment track record.

First Bank MREIF Home Loan stands alone for homebuyers. At 9.75% per annum fixed, with loan amounts up to ₦100 million, equity contributions starting at 10%, and tenors up to 20 years, it is among the most affordable commercial mortgage products in the Nigerian market. It is available to Nigerians both resident and in the diaspora — a notable distinction for those earning in foreign currency but investing in Nigerian property.

NIRSAL Microfinance Bank is the best option for farmers, agribusiness operators, and qualifying SME owners who can tolerate a longer application process in exchange for dramatically lower rates. With 115 branches nationwide and government backing, NIRSAL MFB has funded thousands of businesses that commercial banks would not touch. Applications go through nmfb.com.ng, with processing times of 5–10 working days after complete documentation is submitted.

Jaiz Bank is the only option for borrowers who require Sharia-compliant financing. Its national branch network — concentrated in the North but expanding South — and the availability of the JaizMobilePlus app make it increasingly accessible. Products cover home financing, vehicle acquisition, business working capital, and household goods through Murabaha, Ijarah, and Musharakah structures.

How to Be Eligible for a Bank Loan in Nigeria

Loan eligibility in Nigeria comes down to one question the bank is always asking: can this person repay? Every document, account check, and credit bureau query is designed to answer that question. Here is exactly what each major loan category requires in 2026.

For personal and salary loans:

A salary account with the lending bank, with 3–6 months of consistent salary lodgements
Minimum monthly income as set by the bank (GTBank: ₦10,000–₦30,000 net depending on product)
A valid Bank Verification Number (BVN)
Clean credit history — no outstanding obligations with credit bureaus or digital lenders
Valid government-issued ID: National ID, Driver’s Licence, or International Passport
Recent utility bill confirming your residential address

For business and SME loans:

CAC-registered business entity (required above certain loan thresholds)
At least 6–12 months of active business banking history with the lender
6-month bank statement showing consistent, credible cash flow
Business plan or financial projections for larger loan amounts
BVN of all directors and major signatories
Collateral may be required above ₦5 million: land documents, vehicle papers, business equipment

For NHF mortgage loans:

Nigerian citizenship, aged 21–60 (age limit ensures repayment before retirement)
Active NHF contributor for a minimum of six months with consistent monthly payments
Credit score of at least 650 out of 850
Verifiable income sufficient to service monthly repayments (repayments must not exceed one-third of gross monthly income)
Equity contribution of 10%–30% of property value depending on loan amount
Property title document acceptable to the lending Primary Mortgage Bank

The story of Ada, a clothing trader, is instructive. She applied for a business loan and was rejected because irregular cash deposits into her account made her revenue look unreliable. She spent three months depositing her daily sales consistently rather than keeping cash. On her second application, with six months of clean, regular deposits on record, the bank approved her. Preparation — not luck — determines loan outcomes in Nigeria.

Pro Tips to Improve Your Bank Loan Approval Chances

1. Concentrate your financial activity into one account. Banks evaluate your creditworthiness based on the transactions they can see. Spreading income across five different accounts means each account tells an incomplete story. Move your salary or business revenue into the account held with the bank you intend to borrow from, and keep it there consistently for at least six months before applying.

2. Pull your credit bureau report before the bank does. Nigeria’s credit bureaus — CRC Credit Bureau and CreditRegistry — hold records of all your borrowing activity across banks and licensed digital lenders. An outstanding balance from a loan app you took in 2023 and forgot about can block a ₦3 million facility at Zenith Bank. Request your credit report, clear any outstanding amounts, and allow 30–90 days for the bureau to update before submitting your application.

3. Borrow within the one-third rule. Most Nigerian banks apply a rule that your monthly loan repayment must not exceed 33.3% of your net monthly income. If you earn ₦200,000 per month, that caps your comfortable monthly repayment at approximately ₦66,000. Apply for an amount that fits within this rule, even if you technically qualify for more. Over-borrowing creates repayment pressure that damages your credit record if you miss payments.

4. Build the relationship before you need the money. The single strongest predictor of loan approval at a Nigerian commercial bank is existing relationship depth. A customer who has maintained an active account for two years, receives salary there consistently, and uses the bank’s other services is far more likely to be approved than a stranger who walks in needing urgent funds. Plan ahead: open the account, build the history, then apply.

5. Use government schemes if your business qualifies. For farmers, agribusiness operators, and qualifying SMEs, NIRSAL MFB’s AGSMEIS loans at 5% per annum represent extraordinary value. The application demands more effort — mandatory entrepreneurship training, thorough documentation, longer processing time — but the interest saving over a ₦5 million, three-year loan term compared to a commercial bank rate of 25% can amount to over ₦3 million in total repayment. The extra effort is absolutely worth it.

6. Time your application to your account balance. Banks are more inclined to approve applications when your account shows healthy recent activity. Applying the week after your salary has cleared — and before any large outgoings — presents your financial picture at its strongest. Applying immediately after paying rent and school fees, when your balance is at its lowest, can suppress your apparent liquidity and reduce approval odds.

Common Mistakes to Avoid When Applying for a Bank Loan in Nigeria

Mistake 1: Applying Without Checking Your Credit Report

This is the single most common mistake Nigerian borrowers make. A forgotten loan app debt, an error in the credit bureau’s records, or a guarantor liability from years ago can trigger automatic rejection — and the hard credit enquiry from the bank’s check leaves a mark on your file even when no loan is issued. Always request your report from CRC Credit Bureau or CreditRegistry before applying. Dispute errors in writing. Clear outstanding debts and wait for the record to update.

Mistake 2: Submitting Applications to Multiple Banks at Once

Applying to five banks simultaneously feels like it maximises your chances. In practice, each simultaneous enquiry signals financial desperation to lenders, and each hard credit check marginally reduces your score. Choose one or two well-matched lenders in sequence. If rejected, understand why before attempting the next application.

Mistake 3: Inflating Your Income or Business Turnover

Some applicants overstate their income or business revenue hoping to access a larger loan. Nigerian banks now cross-reference application data with BVN-linked transaction records, and the discrepancy is usually visible. Misrepresentation leads not just to rejection but to potential permanent BVN blacklisting across the banking system. Submit accurate figures — always.

Mistake 4: Comparing Monthly Rates Without Annualising

A microfinance loan at “3% monthly” sounds affordable until you realise it equals 36% per annum. A digital app quoting “10% per month” costs 120% per year. Before signing any loan agreement, calculate the Total Cost of Credit over the full loan term and compare it in naira terms, not percentages. Ask the lender explicitly for the TCo figure. This one habit can save you hundreds of thousands of naira on a single loan.

Mistake 5: Going Silent When You Cannot Repay

Life happens. If a repayment becomes impossible, the worst response is silence. Nigerian banks have formal loan restructuring and moratorium processes — they generally prefer a restructured performing loan to a default. Contact the lender proactively, explain your situation, and ask about rescheduling options before you miss the payment. Defaulting without communication triggers penalty interest, negative credit bureau entries, and eventual legal action that will follow your financial record for years.

Best Tools and Resources for Bank Loan Applicants in Nigeria

1. NairaCompare (nairacompare.ng) A free financial product comparison platform aggregating loan offers from Nigerian banks and digital lenders. Displays interest rates, eligibility criteria, and expected disbursement times side by side. No application required to browse. Accessible on any Nigerian mobile data connection without VPN.

2. CRC Credit Bureau (creditcorp.com.ng) Nigeria’s largest credit bureau, used by most commercial banks during loan appraisal. You can request your personal credit report and see exactly what lenders see when they check your history. A modest fee applies. Checking before the bank does is one of the most underused advantages available to Nigerian borrowers.

3. NIRSAL MFB Portal (nmfb.com.ng) The official application gateway for NIRSAL Microfinance Bank’s government-backed loan products. Free to apply; applications reviewed within 5–10 working days. Best for farmers, traders, and SME operators who qualify for subsidised rates. Available in all 36 states through 115 physical branches.

4. GTWorld and AccessMore Mobile Apps The digital banking apps of GTBank and Access Bank respectively. Both allow existing customers to apply for instant salary loans without visiting a branch, track applications, and manage repayments. Free; available on Android and iOS; fully functional on Nigerian mobile networks.

5. FMBN Mortgage Calculator (fmbn.gov.ng) The Federal Mortgage Bank of Nigeria’s official website includes a calculator that estimates your NHF loan eligibility, monthly repayments, and total cost based on your income and contribution record. Free; the most authoritative tool for anyone considering the NHF mortgage route.

6. CBN Weekly Lending Rate Publication (cbn.gov.ng) The CBN publishes the prime and maximum lending rates of every Deposit Money Bank in Nigeria every Wednesday. This is the most authoritative source for comparing what individual banks are actually charging in the current week. Free; updated weekly; essential reading before any serious loan application.

FAQ About Bank Loans in Nigeria

1. How long does it take to get a bank loan in Nigeria? GTBank QuickCredit and Access Bank QuickBucks disburse funds within minutes for pre-approved salary customers. Standard commercial bank loans with documentation take 3–10 working days. NIRSAL MFB government-backed loans take 5–10 working days after complete submission. FMBN mortgage applications can take several weeks due to property verification. For digital loan apps — Carbon, OKash, FairMoney — approval and disbursement typically happen within minutes to a few hours.

2. What documents do I need to apply for a bank loan in Nigeria? Standard requirements across most Nigerian lenders: valid government-issued ID (National ID, Driver’s Licence, or International Passport), Bank Verification Number (BVN), 3–6 months of bank statements, recent utility bill for address verification, and a passport photograph. Business loans add CAC registration documents, a business plan, and audited financial statements. Mortgage applications add property title documents and NHF contribution records.

3. Can a self-employed Nigerian get a bank loan? Yes, though it requires more preparation than for salary earners. Self-employed Nigerians are best served by microfinance banks and fintech platforms that evaluate income through transaction records rather than payslips. Maintaining a well-documented, consistent business account for at least six months before applying is the most important preparation step.

4. Does defaulting on a loan app affect my eligibility for a bank loan? Yes, significantly. Nigeria’s credit bureaus track activity across all licensed lenders — banks and digital platforms alike. Defaulting on a loan app creates a negative bureau entry that any commercial bank will see during its credit check. Clear all outstanding digital loan debts, wait 30–90 days for your credit record to update, then apply to the bank.

5. What is the cheapest bank loan available in Nigeria in 2026? The cheapest available financing is the NHF mortgage at 6% per annum through the Federal Mortgage Bank of Nigeria, fixed for up to 30 years. For non-mortgage borrowing, NIRSAL MFB’s AGSMEIS scheme at 5% per annum is the most affordable option for qualifying agribusiness and SME operators. Both require thorough documentation but represent extraordinary value compared to commercial bank rates of 20%–35%.

Your Next Step Is Simpler Than You Think

Nigeria’s bank loan market in 2026 is genuinely accessible — but only if you approach it with the right preparation and the right product. The CBN’s maintained MPR of 26.50% means commercial bank borrowing costs remain elevated, making the government-backed schemes at 5%–9% even more valuable for qualifying borrowers. For salary earners, GTBank QuickCredit and Access Bank QuickBucks deliver speed and convenience. For homebuyers, the NHF mortgage at 6% per annum is the most affordable legal financing product in the country. For Muslim Nigerians or those who prefer ethical finance, Jaiz Bank provides fully Sharia-compliant options. And for the millions working in the informal economy, microfinance banks like NIRSAL MFB and LAPO bridge the gap that commercial banks leave open.

Before you apply anywhere, pull your credit bureau report, consolidate your banking history, and calculate the total cost of the loan — not just the monthly rate. These three steps take less than a week and can turn a rejection into an approval.

For more on building a sustainable income base before or alongside borrowing, read our guide to ways to make money online in Nigeria — a stronger income profile is also a stronger loan application. Have a question about a specific lender or product? Drop it in the comments below.

Disclaimer: Loan eligibility, interest rates, and product terms vary by lender and individual borrower profile, and are subject to change in line with CBN policy. All rates cited in this article were verified at time of publication (May 2026). Always confirm current terms directly with the lender before applying. Individual financial results vary based on personal circumstances and repayment behaviour.

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Nigeria Bank Loans and Interest Rates: 7 Types, Rates & How to Qualify (2026)

Table of Contents

What Is a Bank Loan and How Does It Work in Nigeria?

What Is the Current Interest Rate on Bank Loans in Nigeria?