Liberty Assured Loan
Liberty Assured Loan is a secured loan product offered by Liberty Bank. It is a personal loan that allows you to borrow up to NGN10 million to finance your various needs, such as home improvement, debt consolidation, medical expenses, and education.
Thank you for reading this post, don't forget to subscribe!The loan is secured against your property, which means that Liberty Bank can seize your property if you default on your loan payments. This can make it a riskier loan option than an unsecured loan, but it also means that you may be able to borrow more money and get a lower interest rate.
What Services Does Liberty Assured offer?
- Quick Advance: A quick loan to salary earners in Nigeria. Loans range from ₦10,000 to ₦50,000.
- LibertyPay: Instant quick cash on the go with their digital mobile lending application.
- LibertyMe: A credit-building service that helps you improve your credit score and access better loan terms.
- Business Loan: A loan to help you start or grow your business.
- Personal Loan: A loan for your personal expenses, such as debt consolidation, home improvement, or medical expenses.
- Investments: High-yield peer-to-peer investments that offer returns of up to 30% p.a.
Liberty Assured is committed to providing its customers with easy access to financial services, fair terms, and excellent customer service. They are a good option for anyone looking for a loan or investment opportunity in Nigeria.
Here are some additional details about each of Liberty Assured’s services:
- Quick Advance: The Quick Advance loan is available to salary earners in Nigeria who have a bank account and a minimum monthly income of ₦100,000. The loan amount can be up to ₦50,000 and the repayment period is up to 12 months. The interest rate for the Quick Advance loan is 18% p.a.
- LibertyPay: The LibertyPay app allows you to borrow money instantly from Liberty Assured. You can borrow up to ₦50,000 and the repayment period is up to 30 days. The interest rate for LibertyPay loans is 24% p.a.
- LibertyMe: The LibertyMe service helps you build your credit score by reporting your loan repayments to the credit bureau. This can help you access better loan terms in the future. LibertyMe is free to join and there is no monthly fee.
- Business Loan: The Business Loan from Liberty Assured can help you start or grow your business. The loan amount can be up to ₦10 million and the repayment period is up to 36 months. The interest rate for business loans is 22% p.a.
- Personal Loan: The Personal Loan from Liberty Assured can be used for a variety of purposes, such as debt consolidation, home improvement, or medical expenses. The loan amount can be up to ₦5 million and the repayment period is up to 36 months. The interest rate for personal loans is 20% p.a.
- Investments: Liberty Assured offers a variety of investment products, including peer-to-peer lending, fixed deposits, and treasury bills. The returns on investment products vary depending on the product and the investment period.
How Can I Apply For A Liberty Assured Loan?
- Go to the Liberty Assured website and click on the “Apply Now” button.
- Select the type of loan you want to apply for.
- Enter your personal information, such as your name, address, and contact details.
- Provide information about your income and expenses.
- Upload the required documents, such as your ID card, proof of income, and bank statement.
- Review your application and click on the “Submit” button.
Once you have submitted your application, Liberty Assured will review it and contact you if they need more information. If your application is approved, you will receive the funds in your bank account within 24 hours.
Here are the documents you need to apply for a Liberty Assured loan:
- A valid ID card
- Proof of income
- Bank statement for the past 3 months
- Proof of address
- Tax returns (if applicable)
The interest rates for Liberty Assured loans vary depending on the type of loan and your credit score. However, the interest rates are generally lower than those of payday loans or other short-term loans.
Liberty Assured loans can be a good option for people who need quick cash to cover unexpected expenses or to consolidate debt. However, it is important to make sure that you can afford the monthly payments before you take out a loan. You should also compare interest rates from different lenders before you choose a loan.
Here are some of the pros and cons of Liberty Assured loans:
Pros:
- Quick and easy application process
- Competitive interest rates
- No hidden fees
- Flexible repayment terms
- Available to borrowers with bad credit
Cons:
- High loan amounts can be difficult to repay
- Late payments can result in high fees
- Loans may not be available in all states
If you are considering a Liberty Assured loan, be sure to weigh the pros and cons carefully before you apply.
What requirements do I need to obtain a Liberty Assured Loan?
- Be a Nigerian citizen.
- Be at least 18 years old.
- Have a valid means of identification, such as a passport, driver’s license, or national ID card.
- Have a bank account in Nigeria.
- Provide your basic details, such as your name, address, phone number, and email address.
- If you are applying for a business loan, you will need to provide details of your business, such as its registration number, turnover, and profit margin.
- If you are applying for a personal loan, you will need to provide details of your employment, such as your salary and length of service.
- You will also need to undergo a credit assessment to determine your eligibility for a loan.
Once you have met all of the requirements, you can apply for a Liberty Assured Loan online or through their mobile app. The loan application process is quick and easy, and you can usually get a decision within 24 hours.
ALSO READ: AGSMEIS Loan – How to apply for it in 3 steps
Here are some additional things to keep in mind when applying for a Liberty Assured Loan:
- The maximum loan amount you can borrow depends on your income and credit history.
- The interest rate on your loan will vary depending on your credit score.
- You will need to repay your loan in monthly installments over a fixed period of time.
- If you miss a payment, you may be subject to late fees and penalties.
Overall, Liberty Assured is a reputable lending institution that offers a variety of loan products to meet the needs of Nigerian borrowers. If you are looking for a quick and easy way to get a loan, Liberty Assured may be a good option for you.
How Can I Download Liberty Assured App?
- Open the Google Play Store.
- Search for “Liberty Assured”.
- Tap on the “Install” button.
- Once the app is installed, open it.
- Follow the on-screen instructions to create an account or sign in to your existing account.
Here are the steps on how to download the Liberty Assured app on your iOS device:
- Open the Apple App Store.
- Search for “Liberty Assured”.
- Tap on the “Get” button.
- Once the app is downloaded, open it.
- Follow the on-screen instructions to create an account or sign in to your existing account.
Here are some of the features of the Liberty Assured app:
- You can view your policy details, including your coverage limits, deductibles, and claims history.
- You can file a claim quickly and easily.
- You can contact customer service for assistance.
- You can stay up-to-date on your policy with notifications about upcoming payments and policy changes.
In Conclusion:
The Liberty Assured app provides a convenient and user-friendly way to manage your insurance policy. With its easy-to-use interface, you can access your policy details and make changes whenever needed. The app also offers a seamless claims filing process, ensuring that you can quickly report any incidents and receive the assistance you need. Additionally, the app keeps you informed about important updates regarding your policy, such as upcoming payments and policy changes, through timely notifications. Overall, the Liberty Assured app is a valuable tool for policyholders, providing convenience, efficiency, and peace of mind.
