Financing Disclosure 2.5K

For a loan amount of ₦2,500,000 with the terms provided, here is the financial breakdown.

Initial Upfront Costs

You will need to provide these funds before the loan is disbursed:

• 20% Equity (Downpayment): ₦500,000 (This is your contribution to the total project cost).
• 1% Management Fee: ₦25,000 (One-time fee on the loan amount).
• Total Out-of-Pocket: ₦525,000

Loan Repayment Summary

Based on a 24-month tenure at 36% p.a. (

 monthly) using a standard reducing balance amortization:

• Monthly Repayment: ₦147,620.11
• Total Interest Paid: ₦1,042,882.60
• Total Repayment (Principal + Interest): ₦3,542,882.60

Amortization Schedule (First 6 Months)



✅ Answer

For a ₦2,500,000 loan, you will pay ₦525,000 upfront (equity + fee) and then ₦147,620.11 monthly for 24 months.