The Risk Assessment is a test that determines your eligibility for getting a loan. We ask you a couple of questions about your lifestyle and environment, then our algorithm gives you a risk score based on your responses.
Your risk score determines the percentage of interest you get to pay within the 26-39% range.
This fee covers the cost of checking your credit history and physical verification of your home and office (yes, the reps visit your house to be sure you live there). For every N1500 paid, you are allowed to take 2 risk assessment tests within 6 weeks.
However, If you need to apply after exhausting your tokens you will be required to pay again. Over 80% of our current borrowers pass the test and moved on to apply for their loans.
With the addition of the N 1500 charge for the assessment and our interest rate, we still offer the most competitive rates for loans in the industry.
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