Our Rating Methodology
We use a transparent, data-driven methodology to rate and compare financial products. This page explains exactly how we calculate ratings and rankings.
Rating Factors & Weights
Total cost of the product including interest rates, processing fees, and hidden charges.
Ease of application, approval time, disbursement speed, and eligibility requirements.
App quality, customer service, transparency, and user reviews from verified customers.
Repayment options, loan tenure flexibility, early repayment policies, and credit limits.
CBN licensing status, data security practices, and regulatory compliance.
Scoring System
Top-tier product with exceptional terms and user satisfaction.
Strong product with competitive rates and good service.
Solid option suitable for most users.
May be suitable for specific needs; compare alternatives.
Data Sources
Official Sources
Bank websites, product documents, and official communications.
CBN Data
Regulatory filings, licensed institutions list, and rate publications.
User Reviews
Verified customer feedback from app stores and our platform.
Primary Research
Mystery shopping, application testing, and customer service audits.
How Comparisons Work
- 1
Category Selection
Products are grouped by type (personal loans, digital loans, etc.) for fair comparison.
- 2
Data Collection
We gather current rates, fees, and terms from each provider.
- 3
Scoring
Each product is scored using our weighted methodology.
- 4
Ranking
Products are ranked by overall score, with equal scores ordered alphabetically.
Update Frequency
- • Interest Rates: Updated within 48 hours of changes
- • Product Features: Reviewed weekly
- • User Reviews: Processed daily
- • Full Audit: Conducted monthly
Have questions about our methodology?
Contact Us