Published 8th July, 2022

LOAN EXPLAINED - Part 1

The first thing that comes to mind at the mention of loan is “debt”, “gbese”, etc... Reverse is however the case - Loans are financial tools geared towards achieving specific projects.

LOAN EXPLAINED - Part 1

Image courtesy of Omofolaranmi Salaam

The first thing that comes to mind at the mention of loan is “debt”, “gbese”, etc...



Reverse is however the case - Loans are financial tools geared towards achieving specific projects. It keeps its receiver focused and determined in achieving their financial goals.



Get married with little or no funds Furthermore, it serves as a commitment made to achieving specific goals. For example, if an individual aims to buy a car and his monthly income isn’t sufficient to buy the car in a month, this would mean that the individual has to save up monthly, which can be time wasting; Imagine waiting for infinity for fund sourcing (not knowing fund duration compilation), the opportunity might slip away or an increase in price might occur? Dreadful and painful right?



Click here for direct consultation Another disadvantage of the former is that the goal takes a longer time to be achieved and there’s a high likelihood that the individual would lose focus and channel the funds to other arising needs. Therefore, Loans assist individuals in avoiding these.



Get loans in Minutes? Click click click There are various types of loans offered in Nigeria and CREDITVILLE LIMITED has the most versatile and suitable loans today in Nigeria. At Creditville, we offer loans to two category of people- Salary earners, business owners and even individuals. The loans offered to the first two are referred to as PAYDAY LOANS and BUSINESS LOANS respectively.


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