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We have a massive N106.3 Trillion credit gap in Nigeria yearly (Lendsqr March 14, 2021). and we are playing in the personal loan space with a market size of N4.4 tn. We are targeting 10% of this share which leaves us with N444bn yearly.
We have a massive N106.3 Trillion credit gap in Nigeria yearly (Lendsqr March 14, 2021). and we are playing in the personal loan space with a market size of N4.4 tn. We are targeting 10% of this share which leaves us with N444bn yearly.
This is a savings product where a customer can save daily, weekly and monthly automatically from their Banks. It attracts and interest rate of up to 12% per annum.
This is an investment product where funds can be placed with us for 91 days, 182 days and 364 days and the interests are 14, 16 and 18% respectively.
This is tailored towards individuals who need emergency funds from ₦5,000 to ₦50,000. Their credit score and history will determine eligibility. Maximum tenor is 2 months.
Purchase airtime from all mobile networks and pay your utility bills and subscriptions with ease
Rhapsody Finance is invested in bridging the N4.4trillion funding gap of personal loans and the ease of saving in Nigeria.
Rhapsody Finance is invested in bridging the N4.4trillion funding gap of personal loans and the ease of saving in Nigeria.
This is a savings product where a customer can save daily, weekly and monthly automatically from their Banks. It attracts and interest rate of up to 12% per annum.
This is an investment product where funds can be placed with us for 182 days and 364 days with an interest rate of 16% and 18% respectively.
This is tailored towards individuals who need emergency funds from ₦5,000 to ₦50,000. Their credit score and history will determine eligibility. Maximum tenor is 2 months.
This loan product is for employees of reputable institutions, and it ranges from ₦50,000 to ₦1,000,000 for maximum tenor of 6months (Deduction is taken directly from source)
AMOUNT | TENURE | INEREST RATE |
---|---|---|
N1m - N50m | 182 days & 364 days | 15% p.a |
N50m - N500m | 182 days & 364 days | 18% p.a |
$10,000 - $100,000 | 182 days & 364 days | 7% p.a |
$100,000 - $1m | 182 days & 364 days | 9% p.a |