Nguzu Lending 1.0.6

Nguzu Lending: Addressing Financial Challenges in Zambia

Nguzu Lending offers a streamlined solution for individuals facing financial emergencies or looking to purchase essential items, such as a new phone. Their online platform provides a user-friendly experience for obtaining loans tailored to your needs.

1. Application Process: The Nguzu Lending app enables users to apply for personal loans and quick credit within minutes, simplifying the borrowing experience.
2. Loan Flexibility: Should repayment become an issue, users can request an extension on their loan. Additionally, repayments can be managed conveniently online through the app.

Personal Loan Details:

• Loan Amount: Ranges from 100 ZMW to 10,000 ZMW
• Loan Term: 91 to 120 days
• Daily Interest Rate: Minimum 0.02% - Maximum 0.07%
• Annual Percentage Rate (APR): Minimum 7.3% - Maximum 25.55%
• Service Fee Rate: Minimum 0% - Maximum 2%

Loan Example:

Application Details: Loan amount: 1,000 ZMW; Loan period: 91 days; Daily Interest Rate: 0.05%; Annual Percentage Rate (APR): 18.25%; Service Fee Rate: 2%

Loan Repayment Details:

• Principal: 1,000 ZMW
• Interest Payable: 0.05% * 1,000 * 91 = 45.5 ZMW
• Service Fee: 2% * 1,000 = 20 ZMW
• Total Amount Due: 1,000 + 45.5 + 20 = 1,065.5 ZMW

Advantages of Nguzu Lending:

• Simplicity: Open to anyone aged 18 and above.
• Quick Access: Funds may be available in approximately eight minutes.
• User-Friendly: The absence of bureaucratic hurdles enhances the application process.
• Convenience: Loans can be accessed online via mobile devices from any location.
• Continuous Availability: Personal loans are accessible around the clock throughout the year.

Loan Requirements:

• Aged 18 or older.
• A legal resident of Zambia.
• A stable monthly income is required.

If you have inquiries or need further assistance, Nguzu Lending provides various contact options:

• Official Website: nguzulending.com
• Email: [email protected]
• Hotline: +260 779 480 606
• Address: Plot6627 Kapuka Road Olympia Extension, No.6 Lusaka Zambia