We apply risk-based pricing and we guarantee you a fair interest rate
- You must be in a paid employment or a business owner
- Your age should be between 18 and 55 years
- You must have a savings or current bank account
Log on to www.pennylender.com to fill a simple form and upload all documents online, or simply call 09060002346
You can access between N10,000.00 to N5,000,000.00
Yes, charges may apply.
- 1 Passport Photograph
- Govt. issued ID ( International Passport, Driver's Licence, Voters card or National ID card)
- Evidence of employment: employment Letter or promotion letter, work ID
- Bank statement and/or payslips
- Asset as security (for Asset backed loan and MSME loans only)
Yes, but your repayment date must be your salary date and your account must be funded on that date.
Yes, before your loan repayment date and the balance must be paid on or before your repayment date (otherwise, NO). Please inform us as early as you can if you intend to do this.
You can apply immediately
No hidden charges.
The goal of the Bank Verification Number (BVN) is to uniquely verify the identity of each Bank's customer for 'know your customer'(KYC) purposes. Your BVN also ensures that your account is protected from unauthorized access.