[{"_1":2,"_105":-5,"_106":-5},"loaderData",{"_3":4},"routes/topics.$topicSlug.$articleSlug",{"_5":6,"_13":14,"_25":26},"topic",{"_7":8,"_9":10,"_11":12},"id",225,"name","Loans","slug","loans-225","article",{"_7":15,"_16":17,"_11":18,"_19":20,"_21":22,"_23":24},311,"title","Are there any fees associated with the loan?","are-there-any-fees-associated-with-the-loan-311","content","

Yes, just management fees.

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

","createdOn","2026-02-09T10:38:15.000+00:00","status","ACTIVE","articles",[27,33,39,45,51,57,63,14,69,75,81,87,93,99],{"_7":28,"_16":29,"_11":30,"_19":31,"_21":32,"_23":24},318,"What type of loans does Moniepoint offer?","what-type-of-loans-does-moniepoint-offer-318","

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.

","2026-02-09T10:46:22.000+00:00",{"_7":34,"_16":35,"_11":36,"_19":37,"_21":38,"_23":24},317,"Who is eligible to apply for a loan?","who-is-eligible-to-apply-for-a-loan-317","

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.

","2026-02-09T10:45:49.000+00:00",{"_7":40,"_16":41,"_11":42,"_19":43,"_21":44,"_23":24},316,"How can I apply for loans?","how-can-i-apply-for-loans-316","

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

","2026-02-09T10:41:46.000+00:00",{"_7":46,"_16":47,"_11":48,"_19":49,"_21":50,"_23":24},315,"What documents are required for a loan application?","what-documents-are-required-for-a-loan-application-315","

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.

","2026-02-09T10:40:41.000+00:00",{"_7":52,"_16":53,"_11":54,"_19":55,"_21":56,"_23":24},314,"What is the maximum amount I can borrow?","what-is-the-maximum-amount-i-can-borrow-314","

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.

","2026-02-09T10:40:05.000+00:00",{"_7":58,"_16":59,"_11":60,"_19":61,"_21":62,"_23":24},313,"What is the interest rate on loans?","what-is-the-interest-rate-on-loans-313","

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.

","2026-02-09T10:39:28.000+00:00",{"_7":64,"_16":65,"_11":66,"_19":67,"_21":68,"_23":24},312,"What is the loan tenure?","what-is-the-loan-tenure-312","

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.

","2026-02-09T10:38:51.000+00:00",{"_7":70,"_16":71,"_11":72,"_19":73,"_21":74,"_23":24},310,"How do I repay my loan?","how-do-i-repay-my-loan-310","

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.

","2026-02-09T10:37:41.000+00:00",{"_7":76,"_16":77,"_11":78,"_19":79,"_21":80,"_23":24},309,"What are the repayment frequencies you offer?","what-are-the-repayment-frequencies-you-offer-309","

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.

","2026-02-09T10:36:34.000+00:00",{"_7":82,"_16":83,"_11":84,"_19":85,"_21":86,"_23":24},308,"Can I repay my loan early?","can-i-repay-my-loan-early-308","

Yes, early repayment is allowed.

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

","2026-02-09T10:35:35.000+00:00",{"_7":88,"_16":89,"_11":90,"_19":91,"_21":92,"_23":24},307,"Are there any loans for small businesses?","are-there-any-loans-for-small-businesses-307","

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.

","2026-02-09T10:34:55.000+00:00",{"_7":94,"_16":95,"_11":96,"_19":97,"_21":98,"_23":24},306,"How long does it take to process a loan application?","how-long-does-it-take-to-process-a-loan-application-306","

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.

","2026-02-09T10:33:43.000+00:00",{"_7":100,"_16":101,"_11":102,"_19":103,"_21":104,"_23":24},305,"What happens if I miss a payment?","what-happens-if-i-miss-a-payment-305","

Missed payments might negatively impact your credit rating.

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

","2026-02-09T10:32:37.000+00:00","actionData","errors"]

Loans

ARTICLES IN THIS SECTION

Are there any fees associated with the loan?