General Questions

Complete our 100% online application and submit with the necessary documentation, this should take only a few minutes. Our team reviews the information provided and revert with a decision within 24 hours. If approved, you will receive funds directly into your preferred bank account within 5 hours of loan approval.

The amount you can borrow is in relation to your income. Your monthly repayment should not exceed 35% of your monthly income. You can borrow for up to a period 12 months.

We operate a risk – based pricing model to determine repayment on loans

  • You must be in a paid employment
  • Your age should be between 22 and 55 years
  • You must have an active salary account

How to Apply

From our website, complete the application forms with valid information, then use our calculator to determine the terms of your borrowing – (Amount and tenor) and view your expected repayment(s). Submit your application and we will notify you within 24 hours of the loan decision.

You can access up to N1,000,000.00. The amount you can borrow depends on your level of income.

Your BVN is used to verify that the individual applying for a OctoPay loan is the same as the owner of the provided bank account. This is to prevent unauthorized use of your details by a 3rd party. Kindly note that providing your BVN does not provide access to your account. If in doubt, you may decide to confirm from your bank.

  • A valid employment, and/or confirmation letter
  • 6 month bank statements of a salary account
  • Staff ID card
  • Another valid identification document (e.g. Driver’s License, International Passport, Tax ID, Voter’s Card etc)
  • A picture of yourself

It is imperative that we send your funds to your preferred account promptly. We request for bank account details as it is required to remit funds, if loan is approved. Kindly note that this must be a personal bank account in your name.

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