Compare the Best Loan Companies

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Check out and compare the best loan rates below.

Lender Estimated APR Min. Credit Score Available Terms Monthly Payment
Assets Microfinance Bank

2% - 5% Reducing Balance Rate

Estimated APR

Ok

Min. Credit Score

3 to 18 Months

Available Terms

Weekly, Monthly

Apply Now

2% – 5% Reducing Balance Rate

Advertised Rate

3%

Comparison Rate*

Weekly, Monthly

Repayment

₦50,000 to ₦5,000,000

Loan amount

Loan Types: Micro Loans, SME Loans, Consumer, Payday Loans

About Assets Microfinance Bank

Assets Microfinance Bank Limited, is a micro-finance institution set up to empower Nigerians with greater financial freedom by making access to loans faster, simpler, safer and more affordable.

Assets MFB is licensed by the Central Bank of Nigeria to provide personal, business and payday loans to Nigerians living in Lagos. Our Bank is made up of a team of reputable finance and technology professionals with a combined experience of more than 30 years gained from working across different Banks, (Micro, Commercial and Investment), Accounting Firms and Multinationals.

Our Customers

Assets Microfinance Bank offers artisans, small business owners, entrepreneurs, etc., easy access to loans in a quick, transparent and efficient manner. This loans currently range from N50, 000 – N5,000, 000.

Our Vision

To be the pacesetter in the provision of financial services to the unbanked and financially excluded population.

Our Mission

We are positioned to provide the market with efficient and beneficial service at an affordable rate.

Features & Benefits

Loan Amount

Our loan starts from ₦50,000 to ₦5,000,000.

Loan Term

Our loan term can very from 1 Month to 18 Months.

Early Repayments

Early repayment from customers stands a chance of receiving higher loans and at the same time not charged for income on loans unused

Requirements To Apply

  • Be at least 18 years old
  • Have regular income and in full – time employment or in business
  • Have good credit history
  • Be a permanent resident
  • Other information to be provided
CSAdvance

4.9% - 5.9% Flat Rat

Estimated APR

ok

Min. Credit Score

1 to 12 months

Available Terms

Monthly

Apply now

4.9% – 5.9% Flat Rat

Advertised Rate

5%

Comparison Rate*

Monthly

Monthly repayment

up to N5,000,000.00

Loan amount

Who We Are

We are a group of technology and finance enthusiasts who are really passionate about making financial inclusion count

Types of Loans: Consumer Loans

Bank of Industry Microfinance Bank

4% Flat Rate

Estimated APR

Ok

Min. Credit Score

1 to 12 Months

Available Terms

N50,000-N500,000

Apply Now

4% Flat Rate

Advertised Rate

4% Flat Rate

Comparison Rate*

Monthly

Repayment

₦50,000 to ₦500,000

Loan amount

Loan Types: Retail Loans, SME Loans, Payroll Lending Loans

About BOI Microfinance Bank

BOI Microfinance Bank Nigeria is a subsidiary of Bank of Industry Nigeria. It offers a broad range of financial services to micro, small and medium-sized enterprises and various low income earners both as individuals and as groups.
BOI Microfinance Bank is fully committed to improving entrepreneurs businesses by providing easily accessible loans and good business advices to help improve and sustain long term growth. It also provides various saving deposits for all level of customers. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act, and is regulated by the Central Bank of Nigeria.
Being a subsidiary of The Bank of industry the bank has a very strong financial backing and has been tasked with improving access to financial services in the country

MISSION, VISION AND CORE VALUES

Vision

To be the clear leader in the microfinance industry in Nigeria.

Mission

To provide entrepreneurs with unique, people oriented, technology driven, value added products and services delivered by a well-trained and motivated workforce in a sustainable and profitable manner for the economic benefit of our stakeholders.

Features & Benefits

Loan Amount

Our loan starts from ₦50,000 to ₦500,000.

Loan Term

Our loan term can very from 1 Month to 12 Months.

Letshego Microfinance Bank

5.5% Reducing Balance Rate

Estimated APR

Ok

Min. Credit Score

6 to 18 Months

Available Terms

Weekly, Monthly

Apply Now

5.5% Reducing Balance Rate

Advertised Rate

5.5%

Comparison Rate*

Weekly, Monthly

Repayment

₦50,000 to ₦20,000,000

Loan amount

Loan Types: Retail Loans, SME Loans, Payroll Lending Loans

About Letshego Microfinance Bank

Letshego is a Setswana term meaning ‘support’. At Letshego we provide financial support to our customers. Our new brand mark is a stronger, bolder and more modern depiction of the Letshego tripod – it represents the “delta” or difference we deliver, built on three principles:

Credit Ratings

See how industry experts rate Letshego. Letshego’s credit ratings mirror the group’s strong financial growth, performance and returns. Listed below are the recent ratings reviews from Moody’s credit rating agency. These ratings reviews analyse the credit risks associated with our equity securities. As a listed company, we would like you to have all the information you need to make an informed decision when investing with us

Features & Benefits

Loan Amount

Our loan starts from ₦50,000 to ₦20,000,000.

Loan Term

Our loan term can very from 1 Month to 12 Months.

Early Repayments

Early repayment from customers stands a chance of receiving higher loans and at the same time not charged for income on loans unused

Requirements To Apply

  • Be at least 18 years old
  • Have regular income and in full – time employment or in business
  • Have good credit history
  • Be a permanent resident
  • Other information to be provided

3% - 6.6% Reducing Balance Rate

Estimated APR

Ok

Min. Credit Score

6 to 24 Months

Available Terms

Monthly

Apply Now

3% – 6.6% Flat Rate

Advertised Rate

3%

Comparison Rate*

Monthly

Repayment

₦15,000 to ₦10,000,000

Loan amount

Loan Types: Micro Loans, SME Loans, Housing Loans

About Assets Microfinance Bank

AB Microfinance Bank offers business owners of Small and Medium Size Enterprises the opportunity to access loan products in a quick, transparent and efficient way. Building on our global expertise and on our international standards, we can assure our clients highest quality service and delivery. Prospective borrowers do not need to have saved any money with AB Microfinance Bank before applying for a loan, as we do not support forced savings. All that is needed is an existing, viable business.

Our Vision

ABN is committed to the development of the Nigerian financial sector by rendering accessible services to the people, with an ambition for excellence and quality.

Our Mission

ABN is a socially responsible bank and the bank of choice for micro and small enterprises. It strives to be the leading provider of financial services in this market segment in Nigeria.

Features & Benefits

Loan Amount

Our loan starts from ₦15,000 to ₦10,000,000.

Loan Term

Our loan term can very from  6 Month to 24 Months.

Early Repayments

Requirements To Apply

  • Be at least 18 years old
  • Have regular income and in full – time employment or in business
  • Have good credit history
  • Be a permanent resident
  • Other information to be provided
RenMoneyMicrofinance Bank Limited

2.9% - 4% Flat Rat

Estimated APR

ok

Min. Credit Score

3 to 24 months

Available Terms

Monthly

Apply now

2.9% – 4% Flat Rat

Advertised Rate

3%

Comparison Rate*

Monthly

Monthly repayment

up to N6,000,000.00

Loan amount

Who We Are

We are a group of technology and finance enthusiasts who are really passionate about making financial inclusion count

Types of Loans: Payroll Loans, Business Loans