PennyLender – loan application
Screenshot of https://www.pennylender.com, operated by: Pennylender Limited, used under legitimate licence.
Contact
Company
Pennylender Limited
Address
6th Floor, 294 Herbert Macaulay Way, Sabo Yaba 100001, Lagos
Website
https://www.pennylender.com
PennyLender – repayment table
Estimated monthly repayments at 4.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 1 months | 3 months | 6 months | 12 months | 18 months |
|---|---|---|---|---|---|
| ₦500,000 | ₦520,000 | ₦186,667 | ₦103,333 | ₦61,667 | ₦47,778 |
| ₦1,000,000 | ₦1,040,000 | ₦373,333 | ₦206,667 | ₦123,333 | ₦95,556 |
| ₦1,500,000 | ₦1,560,000 | ₦560,000 | ₦310,000 | ₦185,000 | ₦143,333 |
| ₦2,000,000 | ₦2,080,000 | ₦746,667 | ₦413,333 | ₦246,667 | ₦191,111 |
| ₦2,500,000 | ₦2,600,000 | ₦933,333 | ₦516,667 | ₦308,333 | ₦238,889 |
| ₦3,000,000 | ₦3,120,000 | ₦1,120,000 | ₦620,000 | ₦370,000 | ₦286,667 |
Representative example
Loan amount
₦255,000
Repayment term
12 months
Monthly interest
4.00%
Monthly repayment
₦31,450
Total interest costs
₦122,400
Total amount payable
₦377,400
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
₦10K – ₦5.0M
Term
1 – 18 months
Interest from
4.00%
Approval
2 hours
Age
18-55 years
Online application
Yes
Requirements
- ✓ Valid government-issued ID
- ✓ BVN
- ✓ 3 recent payslips
- ✓ 3-month bank statement
- ✓ Employer confirmation letter
- ✓ Active Nigerian bank account
Loan features
- Personal and salary advance loans
- Loans from ₦50,000 to ₦2,000,000
- Terms 3 to 12 months
- Interest from 4% per month
- Online and in-person application
- Salary-aligned repayment
Ready to apply?
Go to official PennyLender website ad