How much can I borrow?
There are several factors to take into consideration such as available monthly income e.t.c. The most important considerations are that you can afford the monthly repayments and that you are employed some where or self employed. We can arrange loans for any amount, from $5,000 to more than $2 million.

Over what period of time can I spread my loan repayments? This is of course up to you, and depends on how much you can afford each month. Our loans are usually available over 3 to 16 years. The repayment guide should help you.

Is my application confidential?
Yes, completely. All applications are treated in the strictest confidence. We do not contact your employer or bank unless absolutely necessary, and even then only with your prior written consent.

What can I use for the loan?
Lamoju Loans offer is an unsecured loan offer, and so the provision of collateral is not essential.

Does my location affect me?
No your location does not matter as long as you are not from the following countries, click here to see list of countries that are not allowed or eligible to apply for a loan with Lamoju Loans. Apart from the mentioned countries that are not allowed to apply for a loan with us, you are very free to apply for a loan with Lamoju Loans any where in the world in as much your bank accepts international transfer of funds.

Can I pay off lump sums and/or settle the loan early?
Absolutely! And there are no time restrictions. Contact us for the advice on the most economical way of settling your loan we'd be happy to help

Will my payments be insured?
Compulsory insurance schemes are available to cover your monthly payments or the principal amount borrowed if you are unable to work due to accident, sickness or unemployment e.t.c. Different levels of cover are available to suit your individual needs.

Do I have to pay any upfront fee(s)?
We (Lamoju Loans) will not charge any upfront fee. However, in some specific circumstances the insurance company that will insure the monthly payments or the full loan amount will ask for a fee to be paid in order for your funds to be insured. Please note that the loan will not be insured if you are not yet approved for the loan. The insurance fee will not be included within the loan advance and will not be quite clearly detailed on the loan documentation.

If you do not reside in Nigeria, you will have to pay an insurance premium before your loan will be transferred to you. A borrower that is not located in Nigeria will not pay the insurance fee if and only if the borrower's embassy here in Nigeria can sign as a guarantor on behalf of the borrower that he/she will certainly pay back the loan. Let's presume that a borrower is from Germany and he/she doesn't want to pay for the insurance premium before receiving the loan. You as a German citizen must contact your embassy here in Nigeria and show them enough proofs that you can pay back the loan so that they can sign as a guarantor on your behalf. If you cannot pay back the loan, your embassy will be responsible in paying back the principal amount and interest accrued. Insurance premium will not be paid by a non-citizen of Nigeria (borrower that is not located in Nigeria) if he/she can provide an Evidence of Contact & Letter of Guarantee from his/her embassy.

How long will it take to process my application?
Once you have filled out the enquiry form, one of our licensed representatives will contact you to introduce themselves, explain how the application process works and to understand your needs. You will have to complete and sign some loan documentation and once you have returned it for processing we provide a standard service of 9 to 12 working days to be in position where your funds will be available to you.

Can I cancel my application if I decide not to go ahead for any reason?
Yes, you can. You may cancel your loan at any time prior to completion without penalty.