Loans are a convenient way to grow your business and protect it during lean times. However, when you take out a loan, you are obligated to meet certain repayment conditions that could negatively impact your small business if you are not careful. By following these tips for being a responsible business borrower, you can use loans to your advantage without hurting your business, according toBeing a responsible borrower often begins before you ever go to a financial institution for a loan.
Variable rates can change over time and are usually based on a standard market rate, such as the prime interest rate . For instance, if Karen decides to pay N250 each month, her repayment plan breaks down as follows: • Loan balance: N10,000 • Loan interest rate: 8.25 per cent • Monthly loan payment: N250.00 • Number of payments: 47 • Total Payments: N11,734.15 • Total interest paid: N1,734,15.
The Bible says: thou shall not borrow, but shall lend to many nation's .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anchor Borrowers: Rice farmers union to prosecute 113 loan defaulters in Daura - Premium Times NigeriaMore than 3,500 farmers in Daura Local Government Area have benefited from the anchor borrowers agricultural scheme out of the 5,000 farmers who formally registered for the scheme Anchor Borrowers ko, national cake choppers ni! Designed to fail abinitio...
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Chelsea legend singles one player responsible for good form of Frank Lampard's squad - Daily Post NigeriaChelsea legend, Pat Nevin has said he believes that Jorginho is responsible for the excellent form of Frank Lampard's squad right now. The 27-year-old Ital
Source: DailyPostNGR - 🏆 11. / 59 Read more »
I am not corrupt, just a victim of political storm ― Zuma's sonNigeria News - Late Jacob Zuma's son who is alleged to have being involved in a number of corrupt practices executed by his father has denied any wrongdoing
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Wenger tipped to become next manager of France | The Guardian Nigeria News - Nigeria and World News“The hunger is completely there, I don’t think you lose the desire to win and that bitterness when you lose a football game.” ArseneWenger Wenger France LesBleus
Source: GuardianNigeria - 🏆 1. / 94 Read more »
I am happy to be a teacher - The Nation NewspaperTo mark UN World Teachers Day, teachers around the world are sharing their stories of success, despite working in challenging environments. Here, teacher Cecilia shares her story of how it feels to be a teacher in Nigeria, as part of the campaign TeachersTransformLives. Teaching is one of the most important jobs in the world, but …
Source: TheNationNews - 🏆 6. / 69 Read more »
Text of President Muhammadu Buhari Budget speech at the National Assembly, AbujaI am delighted to present the 2020 Federal Budget Proposals to this Joint Session of the National Assembly, being my first budget presentation to this .. MBuhari Dubious deceitful man MBuhari Then rest in the hospital MBuhari It's very possible
Source: TheNationNews - 🏆 6. / 69 Read more »