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Business Loan

Business Loan

Instant Credit Line (Secured Overdraft)

  • Up to N5,000,000.00 Linked to your Thrive Business Account.
  • To meet unexpected needs
  • Secured by Thrive Target savings and or Thrive Fixed Deposit
  • Available within hours of application.

Micro & SME Loans:

We understand your need to grow and expand your business. Whether you are increasing your stock of goods, buying critical equipment, and expanding to new locations, our Installment loan is tailored to meet your needs with flexible monthly repayments.

  • From N250,000.00 – N10,000,000.00
  • Up to 12 months repayments
  • Fast and simple loan process
  • Loan Calculator to check out how much you can borrow and your monthly repayments

Loan Calculator

Apply for this loan Calculate repayment
Advised before you apply

Open a Thrive account through the mobile app

Having an account with us makes your loan application seamless to process. No account yet? You can still apply here.

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Product 1

Thrive Instant Credit Line

A secured overdraft for unexpected needs, backed by your Target Savings or Fixed Deposit.

LimitUp to ₦5,000,000
SecurityTarget Savings or Fixed Deposit
InterestStated in your offer
DecisionWithin hours
Product 2

Micro and SME instalment loan

For stock, equipment or a second location, repaid in equal monthly instalments.

Amount₦250,000 to ₦10,000,000
RepaymentUp to 12 months
Processing feeStated in your offer
SecurityCollateral or guarantor

How to apply

  1. 1
    Open an account with us (advised)

    Already a Thrive customer? Skip this step. Business accounts are opened at our branch or with the Corporate Account Opening form. See how to open one, and download the app to manage it.

  2. 2
    Check your numbers

    See your repayment with the loan calculator and whether you qualify with the eligibility check.

  3. 3
    Submit your loan application

    Complete the online application on this site with the documents listed below. Start your application.

  4. 4
    Get your decision

    The Instant Credit Line, secured by your Target Savings or Fixed Deposit, is typically available within hours. Other loans go through credit review and we will give you a timeline when you apply.

Have these ready

  • Business registration (CAC or business name)
  • BVN and NIN of each owner
  • Bank statements for the last 6 months
  • Proof of business address
  • Guarantor details, if required

Some loans need collateral or a guarantor. We will tell you what applies to you during assessment.

Worked example

What ₦1,000,000 over 6 months looks like

Before any processing fee. Your offer will show the approved rate and fees.

Monthly instalment₦201,667
Total interest₦210,000
Processing feeStated in your offer
Total you repay₦1,210,000
Apply with these numbers Try your own numbers
Business Loan

At a glance

Instant Credit Line Up to ₦5,000,000, secured by Target Savings/Fixed Deposit
Micro & SME loan ₦250,000 – ₦10,000,000
Repayment Up to 12 months
Interest rate Quoted at opening

See the full fees and limits page.

Talk to us

Call our help centre

Talk to us today and challenge us to help your business to thrive. +234 (0) 815 060 8627

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