Starter
₦50K - ₦500K /mo
- ✓ 2.5% monthly interest (12-month)
- ✓ 2.2% monthly interest (6-month)
- ✓ No collateral required
- ✓ 24-hour approval
- ✓ Mobile app access
Financial Inclusion for Lagos
Grow your business with microloans designed for you
Fast, flexible financing for small businesses and individuals across Lagos. No collateral required, approvals in 24 hours.
Why Lagos businesses trust us
- No Collateral Required Access loans from ₦50,000 to ₦5,000,000 without property or assets as security
- 24-Hour Approval Get approved within one business day with our streamlined digital application process
- Flexible Repayment Choose weekly, bi-weekly, or monthly payment plans that match your cash flow
- Licensed by CBN Fully regulated microfinance institution licensed by the Central Bank of Nigeria
- Local Support Team Speak with relationship managers who understand Lagos business culture and challenges
- Financial Education Free workshops and resources to help you manage money and grow sustainably
Everything you need to succeed
Apply from your phone in under 10 minutes. Upload documents, verify your identity, and track your application status in real-time through our mobile app.
Get paired with experienced advisors who provide guidance on inventory management, pricing strategies, and scaling your operations across Lagos markets.
Build financial resilience with high-yield savings accounts and micro-investment opportunities. Earn up to 12% annual interest on your deposits.
Join cooperative lending circles with other entrepreneurs. Share accountability, access larger loan amounts, and benefit from collective financial strength.
Loan Products
Simple, transparent pricing
All loans include free business advisory and financial education resources
Save on interest with shorter repayment terms
Growth
₦500K - ₦2M /mo
- ✓ 2.3% monthly interest (12-month)
- ✓ 2.0% monthly interest (6-month)
- ✓ No collateral required
- ✓ Dedicated relationship manager
- ✓ Business advisory sessions
- ✓ Priority support
Scale
₦2M - ₦5M /mo
- ✓ 2.0% monthly interest (12-month)
- ✓ 1.8% monthly interest (6-month)
- ✓ Flexible collateral options
- ✓ Custom repayment schedules
- ✓ Quarterly business reviews
- ✓ Networking events access
- ✓ Insurance options
Stories from our community
Expanded from one stall at Balogun Market to three locations across Lagos Island using a ₦2M working capital loan. Now employs 12 tailors and seamstresses.
Purchased commercial kitchen equipment with a ₦1.5M equipment loan. Monthly revenue increased 300% and now caters corporate events across Victoria Island.
Started phone repair business with ₦500K starter loan. Within 18 months, opened second shop in Ikeja and hired four technicians.
Restocked inventory during slow season with ₦800K bridge loan. Maintained customer relationships and avoided stockouts during peak periods.
Urban farming collective accessed ₦3M group loan to install hydroponic systems. Now supplies fresh vegetables to 15 restaurants in Lekki.
Purchased delivery motorcycles with ₦2.5M asset financing. Grew from solo operator to fleet of 8 riders serving e-commerce businesses.
Our impact in numbers
12,500+
Active borrowers across Lagos
₦4.2B
Total loans disbursed since 2020
96%
On-time repayment rate
24 hrs
Average approval time
8,000+
Businesses financed
18
Branch locations in Lagos
Hear from our customers
MicroBank Lagos believed in my business when traditional banks wouldn't even look at my application. The loan officer visited my shop, understood my needs, and approved me within a day.
The financial literacy workshops changed how I manage my business. I learned proper bookkeeping and now I can plan for growth instead of just surviving month to month.
I was nervous about taking my first loan, but the team explained everything in clear terms. The flexible repayment schedule matched my sales cycle perfectly.
Ready to grow your business?
Whether you're starting your first business or scaling to new heights, MicroBank Lagos has the financial tools and support you need. Apply today and get a decision within 24 hours.