What is the interest rate?

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We apply a risk-based pricing to determine repayment on loans. Use our loan calculator to check monthly payment on the amount needed and tenor. You can also contact us to request for a payment schedule on the amount needed and tenor for standard and peculiar requests.

Please email info@may-herner.com or call 07056522149 to request for a repayment schedule on the amount needed

 

What are the requirements for your loans if I am in paid employment?

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• Duly completed application form with repayment cheques and clear copy of employee ID card

•  6 months salary statement of account

• Duly completed guarantors form with clear copy of work ID and blank undated cheques (This may be waived, deferred or subtituted under peculiar circumstances)

 

 

What are the payment options available?

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We offer equal monthly repayment and reducing balance repayment option.

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How do I apply?

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There are four ways:

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• Apply on-line here , You can also download our application form here

• Call us on 07056522149 or  email: info@may-herner.com to send an agent to you or send the application form

• Visit any of our branches close to you

• You can also apply by just sending an email request to info@may-herner.com

 

​What are the requirements for LPO financing?

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• Duly completed application form with repayment cheques and clear copy of employee ID card

•  6 months salary statement of account

• Duly completed guarantors form with clear copy of work ID and blank undated cheques

• Personal guarantee of the company's director(s)

• Purchase order

• Any other documents peculiar to the LPO finance

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What is the minimum and maximum amount I can borrow as a person in paid employment (pay day loan)?

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Our loan band ranges from N100, 000.00 to N3, 000,000.00 for individuals in paid employment.

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What is the  minimum and maximum repayment period?

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The maximum repayment period for our loan is 12 months while the minimum is 1 Month

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Can I pay down my outstanding loan before the end of the loan tenure?

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Yes, you can. We offer such flexibility on all our loans without any pre-liquidation fee whatsoever

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How long do I have to wait after repaying a loan in full before I can reapply for a new one?

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You do not have to wait, you can apply immediately.

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How soon can I be availed of funds, after meeting the required conditions?

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You can get your money within 4 hours after all required documentations has been submitted and verified.

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What makes may and Herner different from other micro-credit organizations?

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• Speed of delivery – you can get funds in your account within 2 hours, after meeting the necessary conditions and documentation.

• Flexibility – You may choose to repay your loan in full, at anytime without any penalty. Besides, you may apply for a top-up loan without a waiting period.

• No hidden charges – Our interest charges are all-inclusive, ensuring transparency. There are no hidden admin charges.

• Courtesy – our staff are trained to treat you with utmost respect at all times.

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What types/class of guarantors are acceptable?

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• A guarantor who is a staff of any commercial bank in Nigeria.

• A guarantor who is a senior management staff of a blue chip (quoted) company.

• A guarantor who is a senior civil servant from grade level 14 and above.

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Please you may contact us on any further clarification or any other questions not addressed above

Please remember nothing is cast in stone ...we are always flexible and may sometimes bend our rules when it comes to you