Savings accounts and current accounts are designed for different purposes and have different features. Savings accounts cater to individuals who want to save whereas current accounts are made for regular transactions of business owners, firms and companies. Savings accounts accrue higher interests than current accounts.
To choose the bank account and the bank most suited to your needs you need to consider your current and future financial situation and needs. https://options.ng/ enables you to compare, review and rate different bank account types to determine which works best for you.
Different banks have different products and requirements. Some allow you to open accounts online and some do not. https://options.ng/ is a comparison platform where you can read reviews and ratings on different bank account types and compare them based on your needs.
Yes, you can open bank accounts on Options.ng.
When opening an individual current account, the following will typically be required by most banks.
When opening a corporate current account, the following will typically be required:
It is important to note that other requirements may be requested for depending on the bank.
The following documents will typically be required by most banks:
Other requirements may be requested depending on the bank.
The opening balance of a bank account differs among banks and account types. Some banks require a zero opening balance while to open current accounts with some banks can cost as much as N5,000. https://options.ng/ compares opening balance for different accounts types across different banks.
The following documents will typically be required by most banks:
It is important to note that other requirements may be requested for depending on the bank
While some commercial and digital banks already deliver debit cards to customers’ location, some other banks do not yet offer such service. https://options.ng/ compares card availability across different banks.
Card maintenance fees vary across different account types. https://options.ng/ compares card maintenance fees across different types of bank accounts.
As a student, to choose the bank account and bank that are most suited to your needs, you need to consider your current and future financial situation and needs. https://options.ng/ is a comparison platform where you can read reviews and ratings on different bank account types and compare them based on your needs.
Yes, you can. Fortunately, depending on the bank, you can complete most banking task online—even opening your account. Compare account opening requirements on Options.
The opening balance of a bank account differs among banks and account types. Some banks require a zero opening balance while to open current accounts with some banks can cost as much as N5,000. https://options.ng/ compares opening balance for different accounts types across different banks.
Transaction limit, single deposit limit and cumulative balance limit on accounts varies across different banks.
Well, different banks have slightly different procedures but the basic requirement stays the same all around.
You need:
A filled account opening form
Business License
Tax ID Number
Joint bank accounts are accounts held in the name or by two or more persons, opened for reasons of convenience or joint control of funds. Opening a joint bank account is not different from opening a normal savings or current account. The parties to the account will only need to present their individual KYC documents and fill their details in the account opening form.
A target savings account is a high interest-bearing account that encourages financial discipline through savings. The account is designed to enable you to save towards a specific target. The specific details of a target savings account vary from bank to bank. Options.ng compares the requirements and rates of different target savings accounts in Nigeria.
Options.ng reviews and compares personal and SME Loans.
You can get a loan for just about anything. However, lenders requirements may change depending on the need for the loan.
Please contact us @[email protected]
The speed of loan approval and payout vary across different lenders. Options.ng compares and reviews the speed of lenders across Nigeria. Compare lenders here
The rates on personal loans are constantly changing and depend on the loan amount and tenure. Try out the Options rate monitor tool to get updates on the best rates on loans.
In order to check your personal loan eligibility, you can use Options’ credit score tool which would give you a credit rating and estimate eligibility.
Options.ng is not a lender and does not offer loan products. However, we offer comparisons on different car loan products to help you decide on the best fit for your needs. Check out car loans here.
The documents required by most lenders are:
If you simply stop paying on a loan, you will eventually default on that loan. You will be charged more money because penalties and interest charges would accumulate. Your credit score will eventually fall making it hard for you to get any loans in future.
Yes, you can pay off your loan at an earlier time than agreed.
The minimum loan value which can be requested differs with every lender. Options.ng compares and reviews lenders rates and minimum loan value. Compare minimum loan values here.
The speed at which loan is approved and received differs with every lender. Options.ng compares and reviews lenders rates and minimum loan value. Compare lender rates and loan payout time here.
Please email us at [email protected] and we will begin the process of reviewing your loan products.
Lenders reject applications for a lot of reasons but a lot hangs on your credit score. Use the Options Free Credit Score Tool to estimate your credits score and receive recommendations to improve it.
Lenders reject applications for a lot of reasons but a lot hangs on your credit score. Use the Options Free Credit Score Tool to estimate your credits score and receive recommendations to improve it.
Yes, it does. Check your credit score here with the Options Free Credit Score Tool
The rate monitor sets up alerts for different rates on loans so you get notified when there are deals on loans you would like.
Broadbands available in Lagos include: Smile, Spectranet, Swift, Tizetti, Fibre one, IPNX, etc.
The fastest broadband available in Lagos is a factor of location. Some broadbands are faster than others in specific regions and slower in others. But you can let us know the fastest in your location by taking this simple speed test
Simply go to the broadband section of the site. Pick a category that describes your needs, (business or personal) and then pick from an array of broadband products the one best suited for you.
A lot of broadband providers have special data packages for businesses based on features like data limit, the number of people connected and data time slot. Compare multiple alternatives and make a decision on Options.
Yes, You can order a broadband device on Options.ng.
The most common setup for fibre broadband is Fibre-optic cables. They run from the exchange to a cabinet on your street. The connection from the cabinet to your home is completed via a copper phone line and is done by the broadband provider.
No, you can not. This service is not currently available in Nigeria.
According to our current broadband comparison, the best broadband deal for N10,000 is the Swift Professional Plan which gives 45 GB for N10,250 and runs 24 x 7 for 30 days.
You are however advised to do personal research to confirm internet speed is favourable at your location.
Options.ng compares broadband providers based on their coverage area. Kindly visit https://options.ng/ to make the best decision for your needs.
Fibre broadband is, without doubt, faster than the alternatives, cable or ADSL, and many providers offer fast fibre broadband with download speeds of up to around 10Mbps.
Internet data caps are monthly limits on the amount of data you can use over your internet connection. When you hit that data limit, different network operators engage in different actions, including slowing down data speeds, charging overage fees, and even disconnecting a subscriber.
As at December 2020, the cost of MiFi routers range between N15,000 to 25,000 with some ISPs offering complimentary internet bundles with new purchases. Kindly visit https://options.ng/ to make the best decision for your needs.
Please email us at [email protected] and we will begin the process of reviewing your broadband products.
Please email us at [email protected] and we will begin the process of reviewing your broadband products.
The best way to improve your review is to provide excellent service delivery and customer service to your customers. We are independent of any service provider and our reviews cannot be influenced. If you have spotted an error in your product review, then please email us at [email protected]
Options.ng is Nigeria’s number one comparison website. Our website enables consumers to compare prices on a range of products, including banking products, broadband products and loans. Our goal is to help consumers make decisions that solve their problems at the best rate
Our comparisons are currently only focused on Nigerian products and services. We plan on reviewing and comparing services and products in other African countries soon.
Comparisons and reviews on Options.ng are independent and impartial. All comparisons are based on data and consumer feedback of the products. We update our reviews at regular intervals. We are fully independent and are not paid by lenders to write any reviews.
Options.ng simplifies the decision-making process for you. We understand the amount of time and effort that goes into making a choice among different alternatives. So, we’ve done the research to give you only the best alternatives to meet your needs at the best rates. Getting you the best deals at record speed.
Yes, Options.ng is a free to use comparison website.
No, Options compares products and services across various industries including banking, loans and broadband..
No, options.ng is an independent comparison platform, we are not owned by any of the companies on our platform.
Options.ng is not a lender and does not offer loan products. Information on this website is targeted at equipping consumers with all relevant information to make the best decisions.
