Arvofinance

Arvo a trading name of Oliver Mead investment Ltd is a fintech solution that provides fast unsecured loans with a simple application process; Arvo aims to bridge the gap between commercial banks and the underbanked Nigerians, offering inclusive consumer finance. Our access to the most efficient technology enables us to guarantee a 24 hour disbursement service to customers.

Loans from the range of 1,000 to 1,000,000

Loan Features

Minimum repayment periods: 2 months

Maximum repayment periods: 6 months

Monthly interest rate: 2.7-30%

Processing fee rate: 0-2%

Maximum representative APR (Annual Percentage Rate): 32.4-360%

APR is influence by your credit score with us.

Arvofinance Example Calculation:

Loan amount: ₦50,000

Tenor: 3 months

Interest rate: 6%

Processing fee: 2% x ₦50,000 = ₦1,000 (For FastCash users processing fees is 0%)

Credit amount: ₦50,000 - ₦1,000 = ₦4,9000

Interest Repayment: 6% x ₦50000 = ₦3000

Capital Repayment: ₦50000/ 3 months = ₦8333.33

Monthly Repayment: ₦8,333.33 + ₦3000 = ₦11,333.33

Total Repayment: ₦11,333.33 x 3 months = ₦67,999.98

What you need to do?

- Register

- Apply for your desired loan

- Accept the Loan offer

- Disbursement into your bank account

- Receive higher loan limit and lower loan repayments after each complete repayment

Why Arvo?

- No hidden charges;

- No collateral needed;

- You can borrow up to 1,000,000;

- You can choose your payment tenure;

- It is fast, secure, reliable and easy to use;

- We use artificial intelligence algorithms to run credit scoring;

- We provide an instant credit decision;

- We are available 24 hours, every day of the week.

User Permission

- Arvofinance needs permission to access your camera, location, storage, and phone contact list. The requested content is meant to provide KYC information (part of which is needed to determine your creditworthiness), due to a lack of a centralized address verification database in Nigeria. Arvofinance will never sell, distribute or lease your personal contact list information to third parties without your direct consent/ permission as required by law. We only utilize the contact list for the purpose of profiling your loan application and recovery purposes.

Eligibility

- Nigerian Resident

- Above 22 years old