Loan product
Emergency Loan
A fast, small-ticket loan for genuine emergencies.
Key terms
- Loan amount
- ₦20,000 – ₦500,000
- Repayment period
- 1 – 6 months
- Interest rate
- from 15% per annum
- Processing fee
- 1.5% of principal
- Repayment options
- Weekly, bi-weekly or monthly
- Default interest
- 30% above agreed rate
Repayment example
₦500,000 over 6 months at 15% per annum, repaid monthly.
- Principal
- ₦500,000
- Interest
- ₦120,000
- Total repayment
- ₦620,000
- Monthly repayment
- ₦103,333
Illustration only. Late payment attracts default interest of 30% above your agreed rate, as set out in your loan agreement.
Who can apply
- Existing customers in good standing
- New applicants with verifiable income
- Applicants aged 18 and above
Eligibility requirements
- Valid means of identification
- Active Nigerian bank account
- Verifiable income or existing repayment history with us
- Reachable phone number
Required documents
- Valid ID
- 3 months bank statement
- Evidence of income where available
Calculator
Estimate your emergency loan repayment
Loan details
Adjust the inputs to see your estimated repayment update instantly.
₦500,000
₦20,000 – ₦500,000
6 months
Rate set by Vicade Global for this product.
Estimated monthly repayment
₦89,583
6 payments · first payment 27 September 2026
- Principal
- ₦500,000
- Interest
- ₦37,500
- Total repayment
- ₦537,500
Repayment schedule
| # | Due date | Amount | Balance |
|---|---|---|---|
| 1 | 27/09/2026 | ₦89,583 | ₦447,917 |
| 2 | 27/10/2026 | ₦89,583 | ₦358,333 |
| 3 | 27/11/2026 | ₦89,583 | ₦268,750 |
| 4 | 27/12/2026 | ₦89,583 | ₦179,167 |
| 5 | 27/01/2027 | ₦89,583 | ₦89,583 |
| 6 | 27/02/2027 | ₦89,583 | ₦0 |
Calculator results are estimates and do not constitute a loan offer. Final loan terms are subject to approval.
FAQs
Emergency Loan questions
Apply for a emergency loan
Apply online in minutes. You will receive an application reference number immediately after submission.