What is ONEX LOAN?
ONEX LOAN stands out as a leading online lending platform for iPhone users in Nigeria, offering reliable and quick financial assistance. Whether you’re facing urgent financial needs or simply seeking a flexible loan option, ONEX LOAN is here to help. Discover more about how this trusted app can support you.
Borrowing Details at ONEX LOAN
ONEX LOAN provides flexible loan amounts ranging from ₦700 to ₦9,000. Choose the amount that fits your needs and repayment preferences. The maximum annual interest rate is 29%, with loan terms from 91 to 180 days.
Example Loan Calculation: For a loan amount of ₦5,000 with a 120-day term and an interest rate of 0.06% per day:
- Processing Fee: 5% of ₦5,000 = ₦250
- Amount Received: ₦5,000 – ₦250 = ₦4,750
- Monthly Interest Rate: 0.06% * 30 = 1.8%
- Total Interest Amount: 0.06% * 120 * ₦5,000 = ₦360
- APR: ((₦250 + ₦360) * 2) / ₦5,000 = 24.4%
- Total Repayment Amount: ₦5,000 + ₦360 = ₦5,360
This example illustrates how fees and interest are calculated. Detailed calculations will be provided during the borrowing process.
Key Features of the ONEX LOAN App:
- Simplicity and Convenience: No lengthy registration processes. The app is designed for easy navigation and quick use.
- Transparent Fees: No hidden fees or additional processing charges.
- Security: All transactions and approvals are fully secured.
ONEX LOAN Requirements:
- Age: Must be between 18 and 50 years old.
- Citizenship: Must be a Nigerian citizen residing in Nigeria.
- Bank Account: Must have a bank account in your name with regular transactions.
- Identification: Must possess valid ID documents (passport, ID card, etc.).
- Phone Number: Must have a personal phone number for notifications and contact.
How to Apply for a Loan on the ONEX LOAN App:
- Install the App: Download the ONEX LOAN APK/iOS app from the App Store or visit the official website: ONEX LOAN.
- Create an Account: Enter your information to open a borrowing account.
- Verify Your Identity: Upload clear photos of both sides of your ID.
- Apply for a Loan: Navigate to the “loan application” section in the app and enter your loan details.
- Submit Application: Approval typically takes a few minutes.
- Receive Funds: The loan amount will be deposited into your bank account.
If you don’t receive a notification within 24 hours, your application might not have been approved. For further assistance, contact ONEX LOAN’s customer care.
Reasons for Loan Application Rejection:
- Incomplete or incorrect information.
- Issues with the verification process.
- Insufficient income for repayment.
- Changes in lending policies.
Customer Service Contact:
- Email: onexloan@tyonex.online
- Website: ONEX LOAN
- Office Address: KM 22 LASU/Ojo Rd, Egan, Igando-Ikotun LGA, Lagos, Nigeria
For more information or assistance, you can reach out via email, visit their office, or check their website. ONEX LOAN is committed to helping you address your financial needs efficiently.