Lidya – online loan Nigeria

Lidya – SME and Business Loans Nigeria

Lidya is a Nigerian financial technology company that provides working capital loans and credit solutions to small and medium enterprises (SMEs) across Nigeria. Founded in 2016 and backed by prominent international investors, Lidya uses technology and alternative credit scoring to assess SME creditworthiness based on business performance data rather than traditional collateral. The company has served thousands of Nigerian businesses across sectors including retail, manufacturing, agriculture, and services, and has expanded its operations to other African markets.

Lidya offers business loans from ₦150,000 to ₦5,000,000 with repayment terms of 1 to 12 months. Monthly interest rates start from 4%. The application is done online through the Lidya website — business owners register, link their bank accounts for data analysis, and receive a credit decision within 48 hours. Required documents typically include business registration certificates, 6 months of bank statements, valid ID of directors, and CAC documents. There is no need for traditional collateral.

Lidya operates in compliance with Nigerian financial regulations and partners with licenced financial institutions. The company's use of technology-driven credit assessment makes it accessible to businesses that might struggle to meet traditional bank requirements. Lidya is an excellent option for growth-stage SMEs that have consistent revenue but limited physical assets to pledge as collateral. Compare the total cost of borrowing with other SME lenders to ensure Lidya's terms fit your business cash flow.