Show the real number
Interest, every fee, the total repayable and the equivalent annual rate — before anyone commits. A rate you cannot compare is not a price.
Frasus Business Support exists because borrowing in Nigeria is too often sold on a headline rate that hides the real cost, and collected in ways nobody would defend out loud. We think both of those are choices, not inevitabilities.
These are the decisions we made before writing a line of the platform.
Interest, every fee, the total repayable and the equivalent annual rate — before anyone commits. A rate you cannot compare is not a price.
We contact the borrower, within agreed hours, a limited number of times. We do not read your contacts, and we do not tell anyone else about your debt.
Identity numbers are encrypted, access is logged, and you can see, correct, export or challenge what we hold about you at any time.
No part of this is automated end to end. A person is accountable for every decision that affects your money.
The calculator runs the same pricing engine that produces your offer, so the figure never changes between the two.
Income, existing commitments and what is actually left each month. A loan you cannot service is a bad loan for both of us.
The system recommends and records why. Someone with the authority to be accountable signs it off, and larger facilities go to a committee.
Whoever approves the credit is never the person who releases the funds. Every naira is posted to a double-entry ledger.
Ask for the reasons, ask for a human review, or complain. All three have a process, a deadline and a reference number.
Who we are, and the authorisations that apply to what we do.
No account needed. The calculator shows the full price, itemised.