Lidya – Loan details
Lidya business loans up to ₦2,000,000 for SMEs at 4% monthly.
Loan amount
₦100K – ₦2.0M
Interest from
4.00%
Term
1 – 36 months
Approval
48 hours
Pros
- ✓ Collateral-free SME loans
- ✓ Uses business data (not assets) for credit assessment
- ✓ Loans up to ₦5,000,000
- ✓ Backed by international investors
- ✓ Suitable for growth-stage businesses
Cons
- ✗ Application requires bank account linkage
- ✗ Processing up to 48 hours
- ✗ Maximum 12-month repayment term
- ✗ Higher interest than commercial bank SME loans
Requirements
- Registered Nigerian business (CAC)
- 6-month business bank statement
- Valid ID of directors
- BVN
- Active Nigerian bank account
- Business operational for at least 6 months
Company information
Lidya Nigeria
Lagos, Nigeria
https://www.lidya.co
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.