Wakacredit is a licensed lending organization based in Lagos, Nigeria and established to provide short and medium-term loans for SME’s and salary earners.

Our primary goal is to provide our customers with fast, accessible and convenient loans, with flexible payment terms for SME’s and salary earners.

Personal Loan

• 6 months most recent bank statement
• Applicant’s Valid Photograph ID Card (Int’l Passport/Driver’s License Preferable).
• Applicants signed cheques covering principal and interest.
• 2 suitable guarantors (at least 1 in corporate employment) along with their Valid Photograph ID Card
• Guarantors signed Cheques covering principal and interest.

Business loan

• Company’s Incorporation documents – CAC 2 & CAC 7, Certificate of Incorporation and MEM/ART.
• Applicant’s Valid Photograph ID Card (Int’l Passport/Driver’s License Preferable).
• Board Resolution naming those authorised to act on behalf of the company, with company SEAL crested on it.
• 6 months most recent company bank account statement.
• 2 suitable guarantors (at least 1 in corporate employment) along with their Valid Photograph ID Card.
• Guarantor’s signed cheques covering principal and interest.
• Original Title Documents to be used as collateral where applicable.
• Evidence or reason for loan where applicable such as LPO document/Contract Award Document/Bill of Lading/Bill of Quantity and/or any other supporting documents to the transaction.

1. Small or Medium sized business.
2. Individuals with verified sources of income.
3. Company’s seeking the following types of finance
• Project/Contract Financing
• Real Estate Financing
• Receivable Discounting Facilities
4. Credible individuals referred to the company
5. To determine eligibility, a credit check will be done when your application is received.

Wakacredit gives short term flexible loans that ranges from 1 month - 12 months.

We charge a delay fee, however failure to meet agreed repayments could adversely affect your credit rating making it difficult to access future loans from Wakacredit or any other financial institutions.