Business Loans

Moniepoint offers business loans and also recently introduced personal loans.

Our business loans comprise working capital, overdrafts and more products coming soon. Business Loans are available to customers with an active Moniepoint Business account while Personal Loans are available to customers with an active Moniepoint Personal account.

Do not hesitate to contact us if you have any further questions or require additional information.

Business owners who have had an active Moniepoint business account for at least six weeks and use their business account consistently for all their business transactions, are eligible to apply for a business loan

Do not hesitate to contact us if you have any further questions or require additional information.

You can apply for a business loan online through the Moniepoint mobile app or web app.

1. Log in to your Moniepoint Business account (Web or Mobile)

2. Tap the Loan icon.

3. Select the loan type

4. Proceed with the next steps shown to you on your screen.

No documents are not required, except for CAC document or Shop Rent Receipt if your business verification fails. 

Do not hesitate to contact us if you have any further questions or require additional information.

The maximum loan amount depends on your business type and creditworthiness. The specific limits will be provided during the application process.  

Do not hesitate to contact us if you have any further questions or require additional information.

Our Working Capital and Overdraft products have varying interest rates. 

Do not hesitate to contact us if you have any further questions or require additional information.

Loan tenures range from 12 to 24 weeks, depending on the loan product. Specific terms can be discussed during the application process. 

Do not hesitate to contact us if you have any further questions or require additional information.

Yes, just management fees. 

Do not hesitate to contact us if you have any further questions or require additional information.

Repayments are automated and deducted directly from your Moniepoint Business Account or you can pay manually on the app. 

Do not hesitate to contact us if you have any further questions or require additional information.

You can repay your loan on a daily or weekly basis. However, we will include bi-weekly or monthly soon. 

Do not hesitate to contact us if you have any further questions or require additional information.

Yes, early repayment is allowed. 

Do not hesitate to contact us if you have any further questions or require additional information.

All our loan products are designed for small, medium and large businesses.

Do not hesitate to contact us if you have any further questions or require additional information.

Loan processing time takes 24 - 72 hours or less sometimes. 

Do not hesitate to contact us if you have any further questions or require additional information.

Missed payments might negatively impact your credit rating.

Do not hesitate to contact us if you have any further questions or require additional information.