• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate Updates

nairaCompare set to make loans more accessible to Nigerians

NM Partners by NM Partners
May 25, 2021
in Corporate Updates
nairaCompare set to make loans more accessible to Nigerians
Share on FacebookShare on TwitterShare on Linkedin

Suretree Group, a fintech firm, has created an online platform – nairaCompare – that allows Nigerians compare loans and other financial products by various providers to aid better decision making. With many Nigerians unable to easily access loans, and other financial services, nairaCompare is here to help.

Announcing the launch in a statement, Managing Director of Suretree Limited, Mr. Tayo Fabunmi said that nairaCompare would provide a platform to compare personal loans and business financing online to give access to more Nigerians.

“nairaCompare is an intelligent marketplace that understands consumers and providers’ products intimately. It is a one-stop shop to compare a wide range of products; a platform where consumers are introduced to the best financial services to meet their needs,” he said.

RelatedStories

nairaCompare Insight: 7 Basic Requirements for a small business loan!

nairaCompare Insight: 7 Basic Requirements for a small business loan!

July 12, 2021

With nairaCompare, Mr. Fabunmi said Suretree hopes to help expand access to loans to underserved Nigerians. He explained that statistics showed that Nigerians relied more on informal means and family/social capital to get financing because of lack of comprehensive information about accessing these
services.

“The Nigerian financial marketplace is still largely underserved- with credit penetration hovering around the 30 per cent mark and with a lot of other financial inclusion metrics unmet.

“Only 4.3 per cent of Nigerians got their loans from banks, while another four per cent got their loans from other formal sources. However, 23.3 per cent got their loans from informal sources, while a whooping some 77.7 per cent got loans from family and friends in 2018.

“Majority of Nigerian adults do not access credit. Only 29.7 million individuals took loans in 2018 compared to an estimated loan market size of N500 billion as at 2017,” he said.

Easily compare and access small business loans of up to N20,000,000 on nairaCompare here

Fabunmi said nairaCompare would put an end to the lack of information in accessing financial services.

“For the retail user, the ability to evaluate different financial services products from different providers at the click of a few buttons is more convenient, less expensive, less obtrusive and more efficient than visiting different websites or branches of banks and other financial institutions. As a bonus, whilst bank branches shut down at 4pm, nairaCompare is available every hour of the everyday – 24/7 in the customer’s lingo.

“Our strategic priorities are to help Nigerians save time and money on their bills. No more overspending; no more time wasted looking for the best deal. No more confusion,” he said.

To get more Nigerians to benefit from these structured financial services, Mr. Fabunmi said nairaCompare would attract customers of various income levels – from middle to high income earners of ₦200,000 and above, to low-middle income earners in both formal and informal sectors.

“Individuals who earn above ₦200,000 per month; individuals who earn below ₦200,000 per month, formal employees and self-employed individuals such as, entrepreneurs, petty traders, farmers, artisans, manual workers would be served by nairaCompare,” Mr. Fabunmi said.

Compare rates for salary advance and payday loans of up to N5,000,000 here

He said the platform would aim to meet the varied financing needs of Nigerians of various ages regardless
of their risk appetites – low, medium, or high.

Fabunmi said nairaCompare hopes to achieve success using a combination of customer relations, datadriven aggregation, provider relationship, among others.

While consumers stand to benefit a lot, Fabunmi said providers would also enjoy a lot of value from nairaCompare.

He said: “nairaCompare is not just a price comparison platform, a role which it does excellently well, it is also positioned to be a retail fulfilment platform for financial providers who choose to onboard their services and customers through us.

“Drawing from a legacy of digital marketing and customer experience management, the platform can deliver a provider’s financial products to a broader spectrum of customers, at a much lower cost than the traditional sales channels employed by banks and other financial institutions.

“As part of its fulfilment capabilities, it is set to play a pivotal role in the standardization of customer onboarding and risk assessment for financial services providers, further lowering the cost of customer acquisition, whilst at the same time reducing the loss from defaults for financial services providers.”

With growing internet penetration (there were 92.3 million internet users in Nigeria as at 2018), improved credit assessment avenues, surge in e-commerce activities, Fabunmi said Nigeria was ready for the service offerings of nairaCompare.

Get answers to frequently asked questions about how nairaCompare works here.


Follow us for Breaking News and Market Intelligence.
Tags: nairaCompareSuretree Group
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

Related Posts

nairaCompare Insight: 7 Basic Requirements for a small business loan!
Corporate Updates

nairaCompare Insight: 7 Basic Requirements for a small business loan!

July 12, 2021
Next Post
How to stop apps on your phone from spying on you 

How to stop apps on your phone from spying on you 

Comments 2

  1. Juliet says:
    May 27, 2021 at 12:37 am

    Do you have the app.
    I think it will be good if there is an app for this nairacompare that way it can be easily accessed when you open the phone.

    Reply
  2. AJ says:
    May 28, 2021 at 11:23 am

    I think the site is quite straight forward to use and understand. I’m looking forward to seeing even more competitively priced loans.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 
  • Africa needs gas as a transformational fuel for development – Sahara Group 
  • FG to pilot 6-month training for 3,000 artisans in 10 construction trades across 3 states  

Follow us on social media:

Recent News

President Tinubu appoints 6 Chief Medical Directors for federal hospitals on 4-year terms 

President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 

July 13, 2025
Africa needs gas as a transformational fuel for development – Sahara Group 

Africa needs gas as a transformational fuel for development – Sahara Group 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics