Founded with a focus on emerging markets, RenMoney Limited is a consumer finance organization with expertise in the provision of simple money solutions. RenMoney (formerly RenCredit) started operations in 2012 under a unit Microfinance Banking License in Ikoyi, Lagos. In December 2013, RenCredit MFB Limited was re-banded to RenMoney Limited – the name by which […]

Pennylender An online moneylender that provides single payment loans, installments loans and payroll loans for borrowers through their employer. The money borrowed is then deducted from their monthly salary. The minimum amount to borrow is N10, 000 and the upper limit for a new customer is N500, 000. The size of the loan and the […]

Paylater Requirements: Valid bank details and BVN Platform: Android Interest rate: 5% to 30%, depending on credit rating Loan tenure: 15 days to 6 months Multiple loans at a time: No Repayment channels: Debit Card, Quickteller and direct transfer To access personal loans from Paylater, all you need is an Android device, data connection and valid bank details. Paylater claims […]

C24 It offers collateral-free personal loans but application requires you submitting some documents at their office or having them pick it up from yours. Documents required include means of national identity, post-dated cheques, bank statement and a passport photograph. The interest rates start and 4% and above. The repayment period is between 1 and 9 […]

Also formerly known as Skye Bank. PERSONAL LENDING Polaris Salary Advance Their pay day loan gives access up to 70% of your salary at any time before pay day. Funds can be accessed 24/7 via the ATM, or through your mobile device using our USSD, SkyeMobile and SkyeXperience. Quick access to funds for bridging short-term […]

SME LOANS Nurturing businesses for growth means bridging identified gaps in your client’s business. One of those gaps is funding gap and as a Bank, they have the following loan solutions for their SME customers; SBG Fast-track Loans SKYE School Advantage Maximum loan amount is N10 million per obligor at every given time Loan Types […]

It is correct to state that most Nigerian Small and Medium sized Enterprises (SMEs) are having a hard time starting and growing up their businesses due to the inaccessibility of business funding. The major reason that often kills great business ideas and perhaps the dreams of Nigerian entrepreneurs is their inability to meet the requirements […]

SME Loans Their SME loan is suitable for Small and Medium businesses (CAC registered or unregistered) who have been operating for a minimum of 12 months. The loan can be used for working capital, stock and inventory purchase, business growth etc. You can apply online 24hrs and the process is very simple, convenient and straight […]

Emergency loans Their emergency loan product targets employees working with private organizations. Though these individuals are employed and may receive a salary, some are still marginalized by both the formal financial sector and the Microfinance industry. Most are too poor to qualify for formal credit lines, yet too wealthy or do not have the time […]

LOANS Group Loan –    Working Capital Loans Group Loan – is for a group of individual who agree to meet for a defined period in order to save and borrow together. Benefits: Borrowers do not need to provide conventional forms of collateral. The daily savings of the members ensure repayment at due date. Quick […]