Your loan estimate
Total Repayment Amount
₦0
Loan Amount
₦0
Interest Amount
₦0
Management fees
₦0
Maintenance fees
₦0
Late fees
₦0
Total repayment amount
₦0
*Shara doesn’t charge any fees compared to other lenders
Interest Rate | Management Fees | Admin Fees | Processing Fees | Maintenance Fees | Insurance | Total Monthly Rate | |
---|---|---|---|---|---|---|---|
Shara | 7% | 0% | 0% | 0% | 0% | 0% | 7% |
Traditional Banks | 3.5% | 1% | 1% | 1% | 1% | 1% | 8.5% |
Microfinance Bank | 5.5% | 1.5% | 1% | 1.3% | 0% | 1% | 9.3% |
Other Digital Lenders | 8% | 2% | 1% | 1% | 1% | 1% | 13% |
Payment Service Banks | 10% | 0% | 0.9% | .10% | 0% | 1% | 11% |