PennyLender – Loan details
Quick online loans up to ₦5,000,000 with approval in 2 hours.
Loan amount
₦10K – ₦5.0M
Interest from
4.00%
Term
1 – 18 months
Approval
2 hours
Pros
- ✓ Focused on salary earners (structured repayment)
- ✓ Loans up to ₦2,000,000
- ✓ Online application available
- ✓ Transparent cost disclosure
- ✓ Repayment aligned with salary schedule
Cons
- ✗ Primarily Lagos-based
- ✗ Processing 24-48 hours
- ✗ Requires 3 months salary evidence
- ✗ Limited to employed individuals
Requirements
- Valid government-issued ID
- BVN
- 3 recent payslips
- 3-month bank statement
- Employer confirmation letter
- Active Nigerian bank account
Company information
Pennylender Limited
6th Floor, 294 Herbert Macaulay Way, Sabo Yaba 100001, Lagos
https://www.pennylender.com
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.