Frequently Ask Questions
A loan is a sum of money borrowed from a lender with an agreement to pay it back with interest over time.
We offer several types of loans, including personal loans, business loans, auto loans, home loans, and student loans.
We only accept online application.
- Click on Apply Now, select your country and loan type
- Choose loan amount and repayment term
- Fill in your details and submit your application
Unlike banks, Afri Finance judges based on your cash flow and affordability, not just your credit score.
Our in-depth understanding of all kinds of loans, enables you to get the funds you need quickly and efficiently.
We charge a fixed interest rate of 4% for the entire duration of the loan
A loan term is the length of time you have to repay the loan. It ranges from 12 months to 240 months, depending on the type of loan.
Collateral is an asset that you pledge as security for a loan. If you default on the loan, the lender may seize the collateral to recoup their losses.
If you can’t make your loan payments, you may face penalties such as late fees or default charges. In extreme cases, the lender may take legal action to recover the debt.
Yes, we do.
The initiation fee is a one-time fee that you must pay for the processing of the loan application paperwork, this fee has to be paid upfront due to us taking all of the risks as you know we don’t do a credit check.
You can pay off your loan faster by making larger payments or paying more frequently than the required amount. You may also make extra payments without penalty.
Couldn't Find Your Answer? Ask a Question.
What Our Clients Say
My experience has been wonderful. All my questions were answered, not a long waiting time. VERY FAST
You can do the loan application online and even upload documents which makes the process even more
I applied online and in less than 24hrs the funds are already in my account! Thank you
With Afri Finance, there is always some amount of assurance. The fact that my loan was made
Last month, I was worried about my increasing expenses. Then I decided to apply for a loan
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love