Your Loan Matches

Get Instant, Trusted Loan Recommendations

Answer a few quick questions to get personalized loan options instantly — tailored to your needs and eligibility.

Loan Type

Loan Amount: ₦1,000 💡 Type an amount or use the slider

Monthly Income: ₦50,000 💡 Type your income or use the slider

BVN Available?

Repayment Term (Months)

Repayment % of Income (36%)

How the Loan Matching Tool Works

Quick summary: Our Loan Matching Tool helps you find loan options that fit your needs — instantly. Enter the loan type, amount, monthly income, BVN status, and repayment term; get clear, easy-to-compare loan offers and an affordability check so you borrow with confidence.

Why use the Loan Matching Tool?

Instant answers: No waiting — see recommendations right away.
Avoid bad loans: The tool checks affordability and warns if repayments are likely to be unaffordable.
Compare easily: View lenders’ ranges, rates and required documents side-by-side.
Saves time: Instead of visiting many lender pages, get the best matches in one place.

How to use it (step-by-step)

1. Choose the loan type

Pick the purpose: Personal, Business, or SME. This filters lenders that offer the right product.

2. Enter the amount you need

Type the exact amount or use the slider. Be realistic — smaller, accurate amounts give better matches.

3. Enter your monthly income

This helps the tool estimate whether the monthly repayment will be manageable for you.

4. Select BVN availability (Yes / No)

Some lenders require a BVN. If you don’t have one, the tool will exclude lenders that need it.

5. Pick a repayment term (months)

Shorter terms mean higher monthly payments; longer terms reduce monthly cost but may increase total interest.

6. Click “Find My Loan”

You’ll immediately see matched lenders with their loan range, interest-rate bands, and quick actions like “Apply” or “Compare.”

What the results show

Each match card includes:

Lender name and logo — so you can recognize the brand.
Loan range (minimum → maximum) — shows if your amount falls within their offering.
Interest rate range — expected annual rates.
Quick actions — apply link or compare two lenders side-by-side.
Required documents & BVN requirement — what you’ll need to apply.

How results are calculated (simple, honest explanation)

We keep the math transparent so you understand recommendations.

1. Filtering by eligibility

A lender is shown if:

The lender offers the selected loan type.
Your requested amount falls between the lender’s minimum and maximum amounts.
Your income meets the lender’s minimum income requirement.
Your chosen repayment term is supported by the lender.
If the lender requires BVN and you don’t have it, that lender is excluded.

2. Affordability check (what it does)

We estimate your monthly repayment and compare it with a safe portion of your income (for example, 36%). If estimated monthly repayment is higher than that portion, we warn you that the loan may be unaffordable.

Two calculation methods commonly used:

Simple estimate (fast)

Pick an interest rate (a representative rate from the lender’s range).
TotalRepay = Principal × (1 + APR × TermYears)
MonthlyRepay = TotalRepay ÷ TermMonths

Standard amortized payment (more exact)

Monthly rate r = APR / 12
MonthlyRepay = P × r / (1 - (1 + r)^-n)
- where P = principal, n = number of months

We use a conservative estimate so you don’t end up with surprise repayments.

Practical example (quick)

Requested amount: ₦200,000
Term: 12 months
APR (example): 15% per year

Simple estimate:
Total repay = ₦200,000 × 1.15 = ₦230,000 → Monthly ≈ ₦19,167

Amortized (more accurate):
Monthly ≈ ₦18,080

If your monthly income is ₦50,000 and the safe threshold is 36% (₦18,000), the tool will warn you because monthly repayment (~₦18,080–₦19,167) is right at or above the limit.

Tips for smarter matching

Be honest about income. Overstating income can lead to bad matches.
Choose realistic terms. If monthly cost is high, try extending the term (if available) to lower monthly payments.
Compare two lenders. Use the compare feature to check interest range, documents, and term flexibility.
Check required documents early. Prepare IDs, statements or BVN to speed up applications.

Common questions (FAQ)

Q: Will this affect my credit score?
A: No. The matching process is a local recommendation — it does not perform credit checks. Applying to a lender may trigger checks by that lender.

Q: Do I need to give my email or phone?
A: No — you can see instant results without sharing contact info. Only provide your email if you want to save results or receive follow-up offers.

Q: How accurate are the monthly repayment estimates?
A: They are conservative estimates meant to guide decisions. For exact repayment schedules, use lenders’ official calculators or request a formal quote.

Q: Why did I get no matches?
A: Your requested amount or term may be outside lenders’ available ranges, or your income may be below required minimums. Try adjusting amount or term.