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.

Fewchore

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.

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

Provider

Amount

Interest Rate

Max Tenor

Fewchore

Fewchore tab fewchore

₦50,000 - ₦3,000,000

4%

12 Months

AB Microfinance Bank

AB Microfinance Bank Tab fewchore

₦3,000,001 - ₦10,000,000

3% - 4.7%

24 Months

Access Bank

Access tab fewchore

₦250,000 - ₦5,000,000

3%

6 Months

Accion Microfinace Bank

accion mfb tab fewchore

*572*6#

3% - 6%

24 Months

CIT MFB

cit mfb tab fewchore

₦500,000 - ₦20,000,000

4%

6 Months

Carbon

carbon tab fewchore

₦300,000 - ₦20,000,000

5%

6 Months

Eco Bank

Ecobank tab fewchore

₦300,000 - ₦20,000,000

4%

6 Months

Fidelity Bank

Fidelity tab fewchore

₦300,000 - ₦30,000,000

3%

6 Months

Vanir Capital

Vanir Capital tab fewchore

₦50,000 - ₦10,000,000

4% - 10%

12 Months

FCMB

FCMB tab fewchore

₦500,000 - ₦6,000,000

6% – 30%

36 Months

First Source

first source tab fewchore

₦100,000 - ₦1,000,000

5.5%

6 Months

GTBank QuickCredit

GTBank tab fewchore

₦250,000 - ₦10,000,000

1.33%

12 Months

Ibile MFB

ibile mfb tab fewchore

₦500,000 - ₦20,000,000

3.5%

6 Months

Lendigo

lendigo loan tab fewchore

₦300,000 - ₦10,000,000

2.75% - 4%

12 Months

Baobab MFB

baobab mfb tab fewchore

₦20,000 - ₦10,000,000

4.7%

18 Months

LAPO MFB

LAPO MFB tab fewchore

₦30,000 - ₦5,000,000

5% – 25%

12 Months

Renmoney

renmoney tab fewchore

₦50,000 - ₦6,000,000

35.76%

12 Months

Skystone Capital

Skystone Capital tab fewchore

₦100,000 - ₦4,000,000

6%

4 Months

Fast Credit

Fastcredit tab fewchore

₦100,000 - ₦3,000,000

6%

15 Months

Lidya

lidya tab fewchore

₦150,000 - ₦20,000,000

3.5%

12 Months

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

Fewchore Business Loan

 

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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