Loans

We currently offer business loans only. Our business loans comprise working capital, overdrafts and more products soon. 

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.

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

You can apply online through the mobile app or web app.

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. 

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Yes, just management fees. 

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

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

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Yes, early repayment is allowed. 

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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. 

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Missed payments might negatively impact your credit rating.

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