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Renmoney
APR
25.44–31.8%
/yr
Amount
₦50k
Term
3–24mo
Requirements
  • Digital application through the Renmoney app; identity and income checks may apply
Branch
APR
36.0–99.0%
/yr
Amount
₦6k–₦1M
Term
4–52mo
Requirements
  • Phone number or Facebook account, ID number, and mobile money or bank account
Stanbic IBTC
APR
48.0%
/yr
Amount
₦100k
Term
6–24mo
Requirements
  • Salary paid into a Stanbic IBTC account; minimum net monthly income of ₦50,000; credit and affordability checks
First Bank of Nigeria
APR
20.0–28.0%
/yr
Amount
₦200k
Term
6–60mo
Requirements
  • Salary account with FirstBank; employer salary domiciliation letter; minimum documentation; credit insurance premium required