Get Lendigo Loan in 48hrs

Access up to ₦20m for your business without collateral with a flexible repayment model for a 6 – 12 months tenor.

Lendigo Loan

48hrs

Approval

300k – 20m

Amount

2.75% – 5%

Interest

Calculate your Lendigo Loan Repayment

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About Lendigo Loan

Lendigo provides business only-focused credit facilities to help you expand your operations.
Here are the general terms covering your access to the facility.

1

Amount

Credit facility starting from ₦300, 000 to a maximum of ₦20, 000, 000 accessible.

2

Interest Rate

You will pay a monthly interest rate between 2% to 5% depending on the length of repayment. (There is a processing fee starting from 0.5%)

3

Tenor

Lendigo offers short term loans for a period of six months, this can be extended to 12 months based on criteria determined by the company.

Lendigo Loan Terms by Business Type

Here are broader terms you need to understand depending on the type of your business

FMCG Distributors

If you are a dealer in fast-moving consumer goods, you are eligible to access up to ₦20, 000, 000 Lendigo loan through its Distributor Finance product. What you need to understand are:

Distributor Finance Terms

  • Credit Amount: ₦1, 000, 000 – ₦20, 000, 000
  • Interest Rate: 2.75% per month
  • Other Fees (processing/commitment): 1% of credit amount
  • Tenor: 1 – 6 months

 

eCommerce Merchants

This facility caters for businesses selling through online malls like Jumia and Konga.

If you have been actively doing business on any of the shopping portals for at least the last six months, you can apply to access Lendigo loan up to ₦10, 000, 000.

 

eCommerce Finance Terms

  • Credit Amount: ₦300, 000 – ₦10, 000, 000
  • Interest Rate: 4% per month
  • Other Fees (processing/commitment): 0.5% – 0.75% of credit amount
  • Tenor: 1 – 6 months

 

Mobile Money Operations

If you have a monthly revenue of at least ₦100,000 with an active operation in the last six months and have a POS terminal from a recognised (licensed) provider, you may be eligible.

 

MMO Finance Terms

  • Credit Amount: ₦300, 000 – ₦10, 000, 000
  • Interest Rate: 4% per month
  • Other Fees (processing/commitment): 0.5% – 0.75% of credit amount
  • Tenor: 1 – 6 months

 

Other SMEs

If your business does not fall in any of the above categories, you can still be provided Lendigo loan if you meet the requirements.

Other SMEs Finance Terms

  • Credit Amount: ₦300, 000 – ₦10, 000, 000
  • Interest Rate: 3.5% per month
  • Other Fees (processing/commitment): 1% of credit amount
  • Tenor: 1 – 6 months

How Lendigo Loan for SME Compare to Other Lenders

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