Loan product
Personal Loan
A flexible loan for life's planned and unplanned personal expenses.
Key terms
- Loan amount
- ₦20,000 – ₦300,000
- Repayment period
- 1 – 4 months
- Interest rate
- from 7% per month
- Processing fee
- 1% of principal
- Repayment options
- Weekly, bi-weekly or monthly
- Default interest
- 30% above agreed rate
Repayment example
₦300,000 over 4 months at 7% per month, repaid monthly.
- Principal
- ₦300,000
- Interest
- ₦84,000
- Total repayment
- ₦384,000
- Monthly repayment
- ₦96,000
Illustration only. Late payment attracts default interest of 30% above your agreed rate, as set out in your loan agreement.
Who can apply
- Salaried employees and self-employed individuals
- Applicants aged 18 years and above
- Applicants with a verifiable source of income
Eligibility requirements
- Valid government-issued means of identification
- Verifiable monthly income of at least ₦80,000
- Active Nigerian bank account in your own name
- Verifiable phone number and email address
Required documents
- Valid ID (NIN slip, driver's licence, voter's card or passport)
- Proof of address (recent utility bill or tenancy agreement)
- Last 3 months bank statement
- Payslip or evidence of income
Calculator
Estimate your personal loan repayment
Loan details
Adjust the inputs to see your estimated repayment update instantly.
₦300,000
₦20,000 – ₦300,000
4 months
Rate set by Vicade Global for this product.
Estimated monthly repayment
₦75,000
4 payments · first payment 27 September 2026
- Principal
- ₦300,000
- Interest
- ₦0
- Total repayment
- ₦300,000
Repayment schedule
| # | Due date | Amount | Balance |
|---|---|---|---|
| 1 | 27/09/2026 | ₦75,000 | ₦225,000 |
| 2 | 27/10/2026 | ₦75,000 | ₦150,000 |
| 3 | 27/11/2026 | ₦75,000 | ₦75,000 |
| 4 | 27/12/2026 | ₦75,000 | ₦0 |
Calculator results are estimates and do not constitute a loan offer. Final loan terms are subject to approval.
FAQs
Personal Loan questions
Apply for a personal loan
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