Frequently asked questions on loans powered by Remita
This article explains how Remita Direct Debit works, who can use it, its limitations, and how lenders can leverage it to improve repayment consistency.
GSI vs Direct Debit: Similarities and differences
To clear the air and empower lenders to make informed decisions, let’s dive into the nuances between GSI vs direct debit.
Are lenders evil for charging high interest rates?
The average lender today typically charges 4% — 10% per month (48% — 120% per year). Whoa. It makes you wonder how they recover loans at these rates. At first glance, it seems outrageous, even exploitative but there’s more to the story when you consider the risks and costs lenders face in Nigeria’s financial landscape.
