I just heard from a friend that when you have an app installed on your phone, you can get loans without collateral, without having a job or keeping a job.
The name of the app is Paylater. Go now to the website at Paylater.ng to see things for yourself.
This loan feature is so good I plan to use it or another for building my credit score. Whether you should or shouldn’t do the same is entirely up to you.
I figure that if I pay the full money with interest each time, I can be able to get bigger loans in the future. Think about it, if I want to start a business, and I need up to 1 million naira or more, I get to build up the loan capacity from 10k, so to speak.
Speaking about the interest, I don’t think it is too much. My friend told me that if I borrow N7,500, I can pay N9,000 back. So that’s not a bad idea at all. I think I’m going to check that out ASAP.