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Working Capital Loan

Buy the stock while it is cheap.

From ₦100,000 to ₦20,000,000 for restocking, at 4% a month, repaid in the rhythm you actually trade in.

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From 4%a month, repaid daily or weekly

4%
a month, from
₦20m
maximum
3–18
months
48 hrs
to a decision

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

Two million naira

Over how long?

Total repayable

₦2,480,000

over 6 months, at 4.0% a month

Amount you receive
₦1,970,000
Monthly repayment
₦413,333
Interest
₦480,000
Management fee, once
₦30,000
Total cost of borrowing
₦510,000

Flat monthly interest on the amount you borrow, plus a one-off 1.5% management fee taken at drawdown. Nothing else is added, and repaying early cancels the remaining interest.

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Borrowing ₦2,000,000 from Working Capital Loan over 6 months costs ₦510,000 in total, repaid at ₦413,333 a month, ₦2,480,000 repayable altogether.

How it works

How Working Capital Loan works

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

  1. 1

    Apply with what you already have

    Your CAC certificate and two months of trading records. A notebook photographed on your phone is accepted.

  2. 2

    An officer visits the shop

    Usually within 48 hours. They are looking at the trade, not at a credit score you have never seen.

  3. 3

    Repay daily, weekly or monthly

    Choose the rhythm that matches your takings. Daily repayment on a market stall is easier than one big monthly bill.

  4. 4

    Repay well and the next one is bigger

    Your limit rises with each loan cleared on time, and the rate comes down.

In the app

This is Working Capital Loan, 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.
  • Six months of trading — records, not audited accounts.
  • A Citadele business account, which can be opened with the application.
  • One guarantor for amounts above ₦5,000,000.

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

3 and 6 month terms
Flat, on the amount borrowed
4.0% a month
12 month term
Flat, on the amount borrowed
4.3% a month
18 month term
Flat, on the amount borrowed
4.5% a month
Range
₦100,000 to ₦20,000,000
Guarantor needed above
₦5,000,000

What it costs

Management fee
Of the amount, once, taken at drawdown
1.5%
Application
Free
The shop visit
Free
Repaying early
Remaining interest is cancelled
Free
Late repayment
On the overdue amount only
1% a month

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.

No. We take the records you actually keep — a notebook, a WhatsApp order history, the till roll. The officer who visits is trained to read a real trader’s records, not to ask for management accounts. If you want to start keeping them properly, a business account does most of it for you.

Yes. Tell the officer at the visit and we structure it around your season — smaller payments in the quiet months and larger ones when you are selling. Say it before drawdown rather than after.

A decision within 48 hours of the visit, and the money the same day you accept. First applications occasionally take a day longer if the CAC record needs checking.

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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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