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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.

","createdOn","2026-02-09T10:45:49.000Z",317,"isHtmlFileUpload",false,"who-is-eligible-to-apply-for-a-business-loan-317","status","ACTIVE","title","Who is eligible to apply for a business loan?","articles",[29,14,35,41,47,53,59,65,71,77,83,89,95,101],{"_15":30,"_17":31,"_7":32,"_20":21,"_11":33,"_23":24,"_25":34},"

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.

","2026-02-09T10:46:22.000Z",318,"what-type-of-loans-does-moniepoint-offer-318","What type of loans does Moniepoint offer?",{"_15":36,"_17":37,"_7":38,"_20":21,"_11":39,"_23":24,"_25":40},"

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.

","2026-02-09T10:41:46.000Z",316,"how-can-i-apply-for-business-loans-316","How can I apply for business loans?",{"_15":42,"_17":43,"_7":44,"_20":21,"_11":45,"_23":24,"_25":46},"

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.

","2026-02-09T10:40:41.000Z",315,"what-documents-are-required-for-a-loan-application-315","What documents are required for a loan application?",{"_15":48,"_17":49,"_7":50,"_20":21,"_11":51,"_23":24,"_25":52},"

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.

","2026-02-09T10:40:05.000Z",314,"what-is-the-maximum-amount-i-can-borrow-314","What is the maximum amount I can borrow?",{"_15":54,"_17":55,"_7":56,"_20":21,"_11":57,"_23":24,"_25":58},"

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.

","2026-02-09T10:39:28.000Z",313,"what-is-the-interest-rate-on-loans-313","What is the interest rate on loans?",{"_15":60,"_17":61,"_7":62,"_20":21,"_11":63,"_23":24,"_25":64},"

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.

","2026-02-09T10:38:51.000Z",312,"what-is-the-loan-tenure-312","What is the loan tenure?",{"_15":66,"_17":67,"_7":68,"_20":21,"_11":69,"_23":24,"_25":70},"

Yes, just management fees.

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

","2026-02-09T10:38:15.000Z",311,"are-there-any-fees-associated-with-the-loan-311","Are there any fees associated with the loan?",{"_15":72,"_17":73,"_7":74,"_20":21,"_11":75,"_23":24,"_25":76},"

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.

","2026-02-09T10:37:41.000Z",310,"how-do-i-repay-my-loan-310","How do I repay my loan?",{"_15":78,"_17":79,"_7":80,"_20":21,"_11":81,"_23":24,"_25":82},"

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.

","2026-02-09T10:36:34.000Z",309,"what-are-the-repayment-frequencies-you-offer-309","What are the repayment frequencies you offer?",{"_15":84,"_17":85,"_7":86,"_20":21,"_11":87,"_23":24,"_25":88},"

Yes, early repayment is allowed.

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

","2026-02-09T10:35:35.000Z",308,"can-i-repay-my-loan-early-308","Can I repay my loan early?",{"_15":90,"_17":91,"_7":92,"_20":21,"_11":93,"_23":24,"_25":94},"

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.

","2026-02-09T10:34:55.000Z",307,"are-there-any-loans-for-small-businesses-307","Are there any loans for small businesses?",{"_15":96,"_17":97,"_7":98,"_20":21,"_11":99,"_23":24,"_25":100},"

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.

","2026-02-09T10:33:43.000Z",306,"how-long-does-it-take-to-process-a-loan-application-306","How long does it take to process a loan application?",{"_15":102,"_17":103,"_7":104,"_20":21,"_11":105,"_23":24,"_25":106},"

Missed payments might negatively impact your credit rating.

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

","2026-02-09T10:32:37.000Z",305,"what-happens-if-i-miss-a-payment-305","What happens if I miss a payment?","turnstileSiteKey","0x4AAAAAADmia7J67BadPT1p","actionData","errors"]

Business Loans

ARTICLES IN THIS SECTION

Who is eligible to apply for a business loan?