Disclaimer
Please read before using our calculators.
Not Financial Advice
The calculators and information on loancalculator.ng are provided for informational and educational purposes only. Nothing on this website constitutes financial, investment, tax, or legal advice. The results produced by our calculators are estimates based on the inputs you provide and publicly available rate information.
Accuracy of Calculations
While we make reasonable efforts to ensure accuracy:
- Tax calculations are based on published NTA 2025 rates and may not reflect all individual circumstances, exemptions, or amendments
- Loan calculations use standard reducing-balance amortization — your bank may use different methods or include additional fees
- Interest rates used as defaults reflect market conditions at the time of publication and change frequently
- Investment projections assume constant rates and do not account for market volatility
- Mortgage calculations are approximations — actual mortgage costs include fees not captured here
Professional Advice
Before making any financial decision — taking out a loan, investing, changing jobs, purchasing property — please consult:
- A qualified financial advisor registered with the Securities and Exchange Commission (SEC) Nigeria
- A tax consultant registered with the Chartered Institute of Taxation of Nigeria (CITN)
- A solicitor for property and mortgage transactions
- Your bank or financial institution for product-specific terms
Rate Information
Financial rates referenced on this site (CBN MPR, T-bill yields, lending rates, minimum wage) reflect published figures as of the date shown. These rates change frequently. Always verify current rates directly with the CBN, your bank, or relevant government agency.
Limitation of Liability
loancalculator.ng and its operators accept no liability for any financial loss or damage arising from reliance on the calculations or information provided on this website. Use of this website is at your own risk.
Regulatory Information
Tax information is based on Nigerian tax law (Nigeria Tax Act 2025, Pension Reform Act, National Housing Fund Act). Regulations are subject to amendment by the Federal Government of Nigeria, the Federal Inland Revenue Service (FIRS), and State Internal Revenue Services.