When is my first repayment due?

One month after your loan starts, then on the same day each month (the last day, in a shorter month). Your offer shows every date before you accept.

Keep money in your wallet before each due date and the instalment is taken from there. You can top up by bank transfer or pay early in the app.

If a payment is late, the first 2 days are free. From day 3, 10% of what is unpaid on that payment is added, and again each month it stays unpaid.

Can I pay off my loan early?

Yes. Pay everything early at any time: what is left of the amount borrowed, this month's interest, 2% of what is left, and any unpaid fees. The interest for later months is cancelled.

Month-by-month plan

Every instalment, broken down in full.

Set your amount and tenure: see how much of each payment is interest, how much clears your loan and what is left after each month.

Monthly salary (₦) optional

Loan amount

₦5,000 to ₦5,000,000

Interest each month (flat) 5% · ₦25,000

Monthly payment: ₦110,833
Total interest: ₦150,000
Processing fee: ₦15,000
You receive: ₦500,000
Total repayable: ₦665,000

The last payment is ₦110,835.

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Month-by-month schedule

Flat rate · on the amount borrowed

Month	Loan part	Interest	You pay	Loan left
1	₦83,333	₦25,000	₦110,833	₦416,667
2	₦83,333	₦25,000	₦110,833	₦333,334
3	₦83,333	₦25,000	₦110,833	₦250,001
4	₦83,333	₦25,000	₦110,833	₦166,668
5	₦83,333	₦25,000	₦110,833	₦83,335
6	₦83,335	₦25,000	₦110,835	Paid off
Total	₦500,000	₦150,000	₦665,000

Flat rate
Interest is worked out on the amount you borrowed, so it is the same every month: 5% a month on every loan.
Equal payments
Each payment repays the same part of the loan plus that month's interest; the last one may differ by a few naira.
Settle early, pay less
Pay everything early at any time: what is left of the amount borrowed, this month's interest, 2% of what is left, and any unpaid fees. The interest for later months is cancelled.

Every instalment, broken down in full.

Month-by-month schedule

Flat rate

Equal payments

Settle early, pay less

Good to know

Get the GDI Credit app

Every instalment, broken down in full.

Month-by-month schedule

Flat rate

Equal payments

Settle early, pay less

Good to know

Helpful next steps