Your loan estimate
Total Repayment Amount
₦0
Loan Amount
₦0
Interest Amount
₦0
Management fees
₦0
Maintenance fees
₦0
Late fees
₦0
Total repayment amount
₦0
Shara doesn’t charge any fees compared to other lenders
| Interest Rate | Management Fees | Admin Fees | Processing Fees | Maintenance Fees | Insurance | Total Monthly Rate | |
|---|---|---|---|---|---|---|---|
Shara | 7% | 0% | 0% | 0% | 0% | 0% | 7% |
Traditional Banks | 3.5% | 1% | 1% | 1% | 1% | 1% | 8.5% |
Microfinance Bank | 5.5% | 1.5% | 1% | 1.3% | 0% | 1% | 9.3% |
Other Digital Lenders | 8% | 2% | 1% | 1% | 1% | 1% | 13% |
Payment Service Banks | 10% | 0% | 0.9% | .10% | 0% | 1% | 11% |
When comparing loans, you can’t just look at the amount you’re borrowing. You have to consider all factors. This table helps you consider all associated costs and determine which loan is best for you. Use our loan calculator to see how it all works.