4 Nigerian Banks That Offer Easy To Get Car Loans
As technology evolves, customer demands continue to affect the way businesses operate, especially in the banking industry. In recent times, fintech startups have raised the bar, offering clients easier, faster and cheaper financial services, especially in areas such as zero transfer fees, more attractive interest rates on the market. savings, a complete online banking experience, speed and simplicity.
These competitive advantages attract them to a growing number of customers and strengthen their position in the industry.
In this article, we take a look at some fintechs that currently offer free banking services.
Aladdin Finance App is powered by PurpleMoney Microfinance Bank. The app offers its customers zero fees on transfers and transactions with other banks. Traditional banks charge N25 per transfer, but Aladdin takes care of the transfer fee and offers the service for free.
Aladdin seamlessly combines banking and e-commerce giving you the tools you need to register, borrow, and make payments while selling your products and services to other platform members. The app currently has over 10,000 installations.
Chippercash is a pan-African online money transfer service that offers free instant local and cross-border money transfers, discounted airtime purchases, and free bill payment fees. With over a million users, the company is focused on bringing Africa closer together, one transaction at a time. The app currently has over 1,000,000 installations and is currently operating in the following countries: Nigeria, Ghana, South Africa, UK and Uganda.
OPay is a mobile payment platform in Nigeria that helps you make convenient payments wherever you are. The platform offers a seamless banking experience. It also offers free and discounted services. With Opay, you can enjoy 90 free bank transfers per month.
Newly registered users get up to 80% discount when purchasing airtime on the OPay app.
OPay attaches great importance to the protection of its users’ information as all details entered on the platform are encrypted in the background. The platform has more than 5,000,000 installations on Playstore.
V bank is a leading online banking app and platform in Nigeria that works as a digital bank, allowing users to set up a bank account in 2 minutes.
Nigerians can save money with Bank V using their phones and earn more interest than commercial banks offer.
One amazing feature of V is that it is free. You are not charged for transferring money to another V account or transferring money to another bank. Plus, you don’t need an ATM card to withdraw money from ATMs, which means you won’t be charged any card maintenance fees either. Their value offerings include zero transaction fees, competitive interest rates on savings, flexible fixed deposits, and cardless withdrawals. The platform has more than 500,000 installations.
Kuda is Nigeria’s first mobile-only bank licensed by the Central Bank. The platform offers a checking account with no monthly fees and a free debit card. Kuda customers get 25 free transfers to other banks every month, unlike commercial banks. They also offer free withdrawals at over 3,000 ATMs across Nigeria. The application currently has over 1,000,000 installations.
What this means for banking services in Nigeria
Since fintech startups use technology to disrupt the traditional banking model. More banks must respond to these disruptions by also offering similar services to retain their customers.