Ajomoni loan

Financial help should never come with confusion or hidden fees. Ajomoni is a digital lending platform built on the principles of transparency, fairness, and full regulatory compliance. We provide Nigerian borrowers with access to regulated loans backed by clear terms, competitive interest rates, and upfront fee disclosure — so you always know exactly what you are agreeing to.

What Ajomoni Offers

We believe that borrowing should be straightforward. Here are the core loan features available to qualified Ajomoni users:

Loan Amount: ₦10,000 – ₦1,000,000

Repayment Period: 91 days to 365 days (flexible terms based on your income cycle)

Annual Percentage Rate (APR): 5% – 36% per annum

Service Fee: 1% – 5% of the total loan amount (covers processing and verification)

Hidden Charges: None. Every cost is disclosed before you accept the loan.

Collateral Required: No. You do not need to pledge property or provide a guarantor.

Process: 100% digital. Everything is completed on your phone.

Why Ajomoni Stands Out

Full Transparency Before You Borrow
Many loan apps advertise low rates but add surprise fees at disbursement. Ajomoni shows you the complete cost breakdown — interest, service fee, and total repayment — before you sign anything.

Regulated & Compliant
Ajomoni operates in full compliance with Google Play policies, Nigerian financial regulations, and the guidelines of the Federal Competition and Consumer Protection Commission (FCCPC). We are not a fly-by-night lender.

Early Repayment Benefits
If you repay your loan before the due date, you may qualify for a fee reduction. Early repayment rewards responsible borrowers and reduces the total cost of credit.

No Collateral or Guarantor
Your loan is approved based on your creditworthiness and repayment ability — not on what you own. No property documents. No third-party signatures.

Secure & Convenient
The entire borrowing process happens inside the Ajomoni app. Your personal data is encrypted, and your banking information is protected under Nigerian data privacy laws.

Real Loan Example with Full Transparency

To help you understand exactly what you will pay, here is a complete calculation based on actual Ajomoni terms.

Loan Scenario:

Step-by-Step Calculation:

Interest Charged: ₦100,000 × 5% = ₦5,000

Service Fee: ₦100,000 × 2% = ₦2,000

Total Cost of Loan: ₦5,000 (interest) + ₦2,000 (service fee) = ₦7,000

Total Repayment Amount: ₦100,000 (principal) + ₦7,000 (total cost) = ₦107,000

Note: Your actual interest rate and service fee percentage are calculated in real time within the app based on your credit assessment. No other fees — hidden or otherwise — will be added after loan acceptance.

How the Service Fee Works

The service fee covers:

Identity verification and BVN checks

Credit risk assessment

Loan processing and administrative costs

Secure fund disbursement

This fee is disclosed upfront and is never added secretly after you have accepted the loan.

Eligibility Criteria

To apply for an Ajomoni loan, you must meet the following minimum requirements:

Be a legal resident of Nigeria

Be 18 years of age or older

Have an active Nigerian bank account

Possess a valid phone number registered in your name

Have a verifiable source of income