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Asset Finance

Get the equipment now, pay for it as it earns.

We buy the machine and you repay over up to 36 months at 3.2% a month — the asset itself is the security.

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3.2%a month, over up to 36 months

3.2%
a month, from
30%
deposit
36
months maximum
₦30m
maximum

Work it out

See exactly what it will cost

Every charge included, and the total you repay is the big number — not the monthly one.

Millions

Three million five hundred thousand naira

Over how long?

Total repayable

₦6,356,000

over 24 months, at 3.4% a month

Amount you receive
₦3,447,500
Monthly repayment
₦264,833
Interest
₦2,856,000
Management fee, once
₦52,500
Total cost of borrowing
₦2,908,500

Flat monthly interest on the financed amount — the price less your 30% deposit — plus a one-off 1.5% management fee. Insurance for the asset is arranged separately and quoted before you sign.

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Borrowing ₦3,500,000 from Asset Finance over 24 months costs ₦2,908,500 in total, repaid at ₦264,833 a month, ₦6,356,000 repayable altogether.

How it works

How Asset Finance works

Four steps at the most, and none of them involves a branch.

  1. 1

    Bring the quote

    From the supplier you want to buy from. We do not make you use ours, and we do not mark the price up.

  2. 2

    Pay 30% and we pay the rest

    We pay the supplier directly, so the money cannot get spent on something else on the way.

  3. 3

    Repay monthly as the asset earns

    Over 12, 24 or 36 months. The equipment is the security, so no separate collateral is needed.

  4. 4

    It becomes yours on the last payment

    Ownership transfers automatically. There is no balloon payment and no purchase option fee.

In the app

This is Asset Finance, as you will actually see it

Not a screenshot. Everything in this phone is the same code the app is built from, drawn live in your browser.

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Savings-Backed Loan

Still to repay
₦218,400
Next repayment₦54,600
Due1 September
2 of 6 repayments made
You borrowed₦300,000
Interest, 6 months at 3.5%₦63,000
Management fee₦3,000
Total repayable₦363,000
Savings held as security₦428,571
Still earning22% a year

What you need

  • A CAC certificate or business name registration.
  • A written quote from the supplier.
  • A 30% deposit.
  • Twelve months of trading.
  • The asset must be insurable — we arrange it and show the cost before you sign.

Every deposit with us is insured by the NDIC. You do not apply for that cover and you are not charged for it.

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Rates and limits

12 month term
Flat, on the financed amount
3.2% a month
24 month term
Flat, on the financed amount
3.4% a month
36 month term
Flat, on the financed amount
3.6% a month
Deposit
30% of the price
Maximum financed
₦30,000,000

What it costs

Management fee
Of the financed amount, once
1.5%
Asset insurance
Of the asset value, quoted before you sign
From 2.5% a year
Repaying early
Remaining interest is cancelled
Free
Transfer of ownership
Free

Questions

The things people ask before they start

If yours is not here, call us on the number at the bottom of this page and a person will answer.

Anything the business uses to earn: generators, freezers, grinding machines, sewing machines, printing equipment, delivery bikes and keke, salon chairs, borehole equipment. If it has a supplier quote and can be insured, bring it to us.

The insurance we arrange covers loss and damage, and the claim goes to repairing or replacing it — not to us. Your repayments continue, so tell us straight away and we will hold them while a claim is settled.

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Licensed by the CBN · Deposits insured by NDIC

Find out what you can borrow in four minutes.

Your BVN, a photo of your ID and a selfie. No branch, no forms, no minimum deposit.

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