FirstNell-Best Personal loan apps

FirstNell-Best Personal loan apps

FirstNell-Personal loan app is the most famous version in the FirstNell-Personal loan app series of publisher Merit Finance Credit Corporation Limited
Android 4.4 and up
Android Android 4.4 and up Finance
Oct 17, 2022
Get FirstNell-Personal loan app for Free on Google Play

( 279 ratings )
Price: $0

Nell first
Credit: 50,000 250,000
Loan Duration: Minimum 91 days, Maximum 365 days
Interest Rate: 0.0057 %
Maximum Annual Interest Rate Effective Annual Interest Rate: 20.55 % The
calculation is very simple. For example, if you select a loan with a term of ₦100,000 and a term of 12 months, the following details are displayed:
installment plans: 12.
Principal: ₦100,000.
Expense Amount: ₦100,000. Expense Amount = Capital Expense ₦100,000 ₦0 = ₦100,000.
PMT (Monthly Payment): ₦10045.8. PMT = ₦100,000 x (1 + 20.55%)/12 = ₦10045.8.
Cost: ₦O.
Total interest: ₦20,550.
Total: ₦120,550. Total Amount = Principal + Total Interest = ₦120,550.
Total interest: 20.55%. Gross Interest = Total Interest / Principal * 100% = ₦120,550 / ₦100,000 * 100% = 20.55%.
Monthly interest rate: 1.71%. Monthly Interest Rate = Gross Interest Rate / Interest Rate = 20.55% / 12 = 1.71%.

At Fastnell
1. Create an account.
2. Applies in seconds.
3. Receive the loan directly into your bank account.
4. Increase your credit limit each time you repay a loan.

Credit Eligibility
1. Nigerian citizens.
2nd place 18+.
3. Valid Documents and Evidence.
4. You must have a valid bank account.

Firstnell-personal-loan About First Nell
Merit Finance Credit Corporation Limited is a systemically important microcredit company within the Soft Naira brand group of companies.

Merit Finance Credit Corporation Limited developed FirstNell as a free app.
All loan applications are approved and authorized by CBN (Central Bank of Nigeria) and will be notified in advance at the time of loan .

Address: Trans Amadi Industrial Layout of Community Secondary School Road, Port Harcourt, Nigeria
Mobile: +234 8056294848.
Working Hours:
Monday to Friday: 9am to 6pm Until: 12:30 am
Saturday Sunday: 10:00 am 6:00 pm

For more apps 

What's new for FirstNell-Best Personal loan apps

FirstNellMerit Finance Credit Corporation Limited built the FirstNell as a Free app.All loan applications are approved and sanctioned by CBN(Central Bank of Nigeria) and communicated upfront during Loan application.

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