Fast, accessible loans for Lagos businesses and individuals
Everything you need to grow
Instant credit decisions
Apply in minutes and get a decision in under an hour. Our automated underwriting evaluates your business activity, transaction history, and repayment capacity in real time — no weeks of waiting, no branch visits required.
Flexible repayment terms
Choose daily, weekly, or monthly repayment schedules that match your cash flow. Adjust your plan mid-cycle if your business needs change, and pay early without penalties — you only pay interest for the time you actually use the funds.
Build your credit profile
Every on-time payment strengthens your credit score and unlocks higher limits and lower rates. Track your progress in real time, see exactly how each payment improves your standing, and graduate to premium tiers as you prove reliability.
No hidden fees
See the full cost before you accept — interest rate, processing fee, and total repayment amount displayed upfront. No surprise charges, no fine print, and no penalties for early settlement. What you see in the calculator is exactly what you pay.
See what you could borrow
Security
Your financial data, protected at every layer
Security is not an add-on — it is the foundation of our platform. From encryption to access controls, here is how we protect your information and your money every single day.
Bank-grade encryption
AES-256 encryption at rest, TLS 1.3 in transit, and end-to-end encryption for all sensitive data. Your account details and transaction history are protected to the same standard as tier-one banks.
CBN compliance & audits
Fully licensed by the Central Bank of Nigeria and subject to regular compliance audits. We meet all regulatory requirements for capital adequacy, data protection, and customer fund safeguarding.
Multi-factor authentication
Every login and transaction requires two-factor verification via SMS or authenticator app. Biometric authentication available on supported devices for faster, safer access.
Transparent incident response
Public security policy, 24-hour breach notification commitment, and a responsible disclosure program. If something goes wrong, you will hear it from us first — not the news.
What borrowing ₦500,000 actually costs
Over 6 months · ₦500,000 loan
MicroBank Lagos
Traditional microfinance lender
₦110,000 less over six months — 15% below traditional lenders
Loan questions, answered
No surprises, no fine print. Here is how interest rates, repayment, eligibility, and disbursement actually work at MicroBank Lagos.
How quickly can I get my loan?
Most applications are approved within one hour during business hours. Once approved, funds are disbursed to your bank account or mobile wallet within 15 minutes — often faster during peak hours when our systems are fully staffed.
What do I need to qualify?
A valid Nigerian ID, an active bank account or mobile money wallet, and proof of income or business activity for the past three months. No collateral required for loans under ₦1 million.
Can I repay early without penalty?
Yes — every loan can be settled early with zero penalties. You pay interest only for the days you actually held the loan, and your credit score improves faster when you demonstrate early repayment discipline.
What happens if I miss a payment?
We send reminders three days before and on the due date. If you miss a payment, a late fee of 2% applies after 48 hours, and your credit score is affected. Contact us immediately if you are struggling — we can restructure before penalties accumulate.
How do interest rates work?
Rates range from 2.5% to 8% per month depending on your credit profile, loan amount, and term. First-time borrowers typically start at 5–6%, and rates drop as you build a repayment history with us.
Is my data shared with third parties?
We share data only with credit bureaus (to build your credit history) and payment processors (to disburse and collect funds). We never sell your information to marketers, and you can request a full data report anytime.