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

  • ✓ Fast 2-hour approval
  • ✓ High loan limit up to ₦5M
  • ✓ No collateral required
  • ✓ Simple online application

Cons

  • ✗ Requires employment or business income
  • ✗ Available only in Nigeria
  • ✗ Interest rate 4% monthly

Requirements

  • Employment or business ownership
  • Age 18-55 years
  • Savings or current bank account
  • Valid ID

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.