funmi
Verified member
If you want to start a business or an investment and you need support to make your capital big enough, the first thing many people will think is to go to the bank to apply for a loan.
But its a pity in Nigeria, before you can apply and be giving a loan you will almost pass through the eye of the needle that is if you were later given after all the conditions you will be giving and after you must have accepted their terms and conditions and providing all the requirement asked of you.
Eventually, I came to the conclusion that an ordinary or an average person can not be given a loan in our Nigeria banks. It is as hard as rock. More so, what I think can send people away or prevent people from taking loans from the banks is their high interest rate. Men, their interest rate too so discouraging.
Why is it this hard to apply for a loan in our Nigeria banks after all that is where we save and keep our income.
Thanks.
But its a pity in Nigeria, before you can apply and be giving a loan you will almost pass through the eye of the needle that is if you were later given after all the conditions you will be giving and after you must have accepted their terms and conditions and providing all the requirement asked of you.
Eventually, I came to the conclusion that an ordinary or an average person can not be given a loan in our Nigeria banks. It is as hard as rock. More so, what I think can send people away or prevent people from taking loans from the banks is their high interest rate. Men, their interest rate too so discouraging.
Why is it this hard to apply for a loan in our Nigeria banks after all that is where we save and keep our income.
Thanks.