With Opticom Finance savings you can save, and grow your finances. You can also purchase airtime and pay your electricity, internet and other provider bills in a fast and secure means all from the Opticom Finance app!
LOAN RATES AND REQUIREMENTS
With Opticom Finance, you can take loans at your convenience with no long queues or documents. Our payback period can be from 62 days to 90 days based on eligibility.
We usually require no collateral. However, for specific loan amounts you may need to provide a guarantor. Also we only accept loan applications from persons above the age of 21.
To verify your identity and eligibility, you will need to submit additional documentation such as a valid identification document and may also be required to submit your bank statement.
Our minimum interest rate, which is determined by our credit scoring algorithm, is 3% per month and a maximum of 10% per month. This comes to an Annual Percentage Rate (APR) of 36%.
FOR EXAMPLE;
If you get a personal loan product of N10,000 to pay back over a 3-months tenor at an interest rate and fees of 3% per month (36% APR), you will be paying back N900 in interest. Making your total Principal + Interest repayment of N10,900 only.
Nevertheless, all you need to do is download the app, sign up easily and apply for a loan in minutes!
WANT TO TALK TO US?
At Opticom Finance, we welcome feedback. If you have any issues navigating the app or questions, reach us by calling +234 803 345 3830 or 01-2799160 or send an email to [email protected].
ADDITIONAL NOTES
We take several signals into consideration when processing your loan request, such as your previous loan performance, credit score and so on. We also require that only correct details are filled in the loan application as false details could delay your loan request and your profile may be blacklisted. In cases of fraud, you may be reported to the authorities.