Get Fewchore Loan, compare and pay less
Access up to ₦2m for your business without collateral with a flexible repayment model for a 3 – 12 months tenor.
48hrs
Approval
₦50k – ₦2m
Amount
4%
Monthly Interest
Calculate your Fewchore Business Loan Repayment
About Fewchore Loan for Business
With a Fewchore business loan, you can obtain a credit facility up to ₦2, 000, 000 without collateral. After documents assessment, you will get funded within 48 hours but here are what you need to know.
1
Amount
Loan facility starting from ₦50, 000 to a maximum of ₦2, 000, 000 accessible.
2
Interest Rate
You will pay a monthly interest fee of 4%.
3
Tenor
Loans are short term based and you will have to repay between 3 months and 12 months of credit receipt.
Fewchore Loan for Business Terms
Here are the terms you need to know before applying for this loan.
- Credit Amount: ₦50, 000 – ₦2, 000, 000
- Interest Rate: 4% per month
- Other Fees (processing/commitment): 1% of credit amount
- Tenor: 3 – 9 months
How Fewchore Loan for SME Compare to Other Lenders
Options to Fewchore Business Loan for SME
Fewchore B2B loan uses Remita infrastructure hence, you will need to connect to Remita for final processing of your credit.
If you can convincingly show evidence that you have a valid SME that has been active with a bank account for at least six months, you can request a Fewchore business loan to finance your operations.
In order to stand a better chance, use the best account for your business. That with an excellent credit history stands a higher possibility of improving your eligibility.
For some terms and conditions, you might not be qualified to get the needed loan for your business after credit score checks.
In case you are not considered, there are other lenders that can help with the funds you need for your business operation.
How to Apply for Fewchore Loan for Business
Applying for a Fewchore business loan takes a few steps. Below are the processes you can use to access the loan facility for your SME:
- Apply directly here to get rates from different lenders or simply refer to the Fewchore loan portal
- Fill in the required personal details as well as that for your business (you should have your business’ Corporate Affairs Commission documents ready as well as your nationally recognised identifications) on the electronic form
- Once you have filled in the required information and indicated the loan amount you need, submit it
- You might need to visit the company’s location for final processing or you will directly get the Remita debit instructions to your email address
Approval for the Fewchore business loan is conditional on the eligibility check on your business account. The highest amount you can access could also be based on your monthly business income.
Once the checks are done and your business is eligible, you will be provided with a Remita direct debit form which once completed and verified, your account will be credited.
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