• O3 Blog

    CREDIT CARD LOANS: EVERYTHING YOU NEED TO KNOW

    Securing a loan from banks as a student or business owner is one of the most difficult things in Nigeria. From having to look for collateral and guarantors to the high interest and default rate, the bureaucracy is sure to make a U-turn when it comes to getting a loan.
    One thing a lot of people do not realize however is that you can do far more with your credit cards than swiping or using it to shop online: you can actually secure loans on your credit cards. Surprising right? Now you know. This article would enlighten you on all you need to know about credit card loans.

    DIFFERENT THINGS YOU CAN DO WITH A PERSONAL LOAN

    Personals loans have many advantages and are the best option if you have to take out a loan in Nigeria. Lenders rarely place a restriction on how you can use your personal loan, so the list of what you can do with it is, in a way, inexhaustible. Unlike other forms of financing, some personal loans don't even need to be backed by collateral and have been tagged, "Loans without Collateral". Below are a number of things you can do with a personal loan.

    HOW TO KEEP YOUR CREDIT CARD DETAILS SAFE

    It is no longer news that the era of standing on long queues in banks before withdrawing money has ended. By simply slotting in your credit card into an ATM, you can withdraw money easily and you need not worry about being cash strapped - ATMs are now within a walking distance.
    Yet, this technology with its numerous advantages is not without its shortcoming. The advent of ATM and credit card has led to an exponential increase if fraud. It is therefore not surprising to hear tales of money being debited from people's account despite not releasing their credit card PIN to anyone.
    To protect you, this article discusses in detail 10 smart ways to keep your credit card details safely.

    Why Loans In Nigeria Without Collateral Is Interesting.

    Before the advent of unsecured loans (loans without collateral), for middle class and small scale business owners in Nigeria, loans were something that instilled fear in people and people avoided them like the plague that they are.

    Because to get a traditional bank loan, collateral must be presented, something with value higher than the loan requested or equivalent to the amount of loan requested. Collateral can range from a luxury car, to a house down to a plot of land, etc. Something tangible or substantial that the bank (the normal go-to for a loan) can use to recover their cash should the customer default in loan repayment.

    In a hurry, click here to leave your details and we will get back to you

    O3 Cards