Loans
Get the Financial Support You Need with SavingsBox Loans
If you are looking for funds to grow your business or collateral-backed financing, SavingsBox has the right loan option for you. You can borrow up to ₦20 million with low interest rates, flexible repayment, and quick disbursement.
Our Loan Plans
At SavingsBox, you don't need to wait for the next day to get answers. We're 100% digital and offer you multiple ways to connect with us.
SMEs Loan
Take your business to the next level with our SME Loan! Access up to ₦2 million with a hassle-free approval process, no collateral required, and flexible repayment over 90 days. With a competitive interest rate of just 5% per month and 15% for 90 days, you get the funds you need to scale, expand, and seize new opportunities for your business.
Salary Earners Loan
This provides instant financial relief for government and private-sector employees without collateral. It also requires minimal paperwork to ensure you meet your urgency.
Collateral Loan
Our Collateral-Based Loans allow you to unlock the value of your assets and access quick cash when you need it most.
Vehicle For Cash Loan: Borrow up to ₦20 million with a monthly interest rate of 6% (18% in 90 days). This loan is currently available in Lagos and Abuja.
Landed property Loan: Leverage your real estate to secure a loan of up to ₦20 million at a monthly interest rate of 6% (18% in 90 days). This loan is currently available in Abuja.
Plants & Machinery for Loan: This allows you to access a cash loan of up to ₦50 million, using your equipment as collateral. The monthly interest rate is 6% (18% in 90 days). This loan is currently available in Abuja.
Learn how to apply for loans on SavingsBox
In few minutes, learn how SavingsBox can assist you in accessing loan plans suited to your financial needs.
Access low interest loan in few clicks
Our process is simple and straightforward - all you have to do is fill out the form and within minutes, you'll receive a decision on your loan application. Don't let financial stress hold you back any longer. Apply now and get the financial support you need.
Requirements
Bank verification number, Bank Account Linked to your savingsbox Account
Proof of employment (Salaried, self-employed, student)
Monthly income of a minimum salary of ₦1000
Verifiable Identification documents and Bank Statements for Credit History
How the SavingsBox Loan works
Loan amounts range from ₦1,000 to ₦50,000,000 with repayment periods from 3 Months to 12 months at monthly interest rates that range from 4% to 12%.
An example of a SavingsBox loan
- Borrow ₦100,000 over 3 months
- Interest (total cost of the loan): ₦12,000 (4% rate)
- Three monthly repayments: ₦37,333.33
- Total amount payable: ₦112,000
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