Who can apply for a Paylux loan?

Any Nigerian between 21 and 60 with a valid BVN, NIN, a Nigerian bank account and a verifiable source of income — business or salaried.

How much can I borrow?

Loans start at ₦1,000,000 and go up to ₦50,000,000, depending on the product and your profile.

How long do I have to repay?

Paylux loans currently run for a maximum of 1 month. Consistent repayment unlocks higher limits on your next loan.

Do I need collateral or a guarantor?

Yes. Paylux loans require eligible collateral worth approximately 250% of the loan value. We confirm acceptable asset types during review; a guarantor is not required unless stated in your offer.

How fast is the payout?

Decision and disbursement happen under 24 hours, straight to the bank account you provide.

Interest starts from 15.0% monthly plus a 1.0% processing fee. Every naira you will repay is shown before you accept the offer.

Nigerian business owner viewing an approved ₦2,500,000 Paylux loan on her phone

Quick Loans from ₦1M to ₦50M, When You Need Them

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How it works

3 Simple Steps to Access a Loan

No branch visits. No stacks of paper. Everything happens right here on the website.

Start step one

3D render of a floating card, approval badge and naira coins

1
Fill the form
Complete the online application with your personal, business and bank details. It takes about 4 minutes.
2
Meet all requirements
Be 21–60, a Nigerian with a valid BVN, NIN and a bank account that receives your income.
3
Get funded instantly
Once approved, your naira is transferred to your bank account — decision and disbursement under 24 hours.

Plan with confidence

See what your repayment looks like

Move the slider to plan before you apply. Clear naira figures, no hidden charges, no surprise deductions.

Loan amount₦1,000,000

₦1,000,000 – ₦50,000,000

Tenure

1 month

Total repayable

₦1,160,000

Collateral value

₦2,500,000

Includes 15.0% interest and a ₦10,000 processing fee. Collateral estimate is approximately 250% of the loan value.

Apply for ₦1,000,000

Illustration only. Your final offer depends on your profile. Interest rate: 15% for the one-month term.

Why Paylux

Why people choose Paylux

1,000+: Businesses funded
24 hours: Average payout time
36: States covered
₦1m – ₦50m: Loan range

Funded within 24 hours

Decision and disbursement happen under 24 hours once your documents and collateral check out.

Naira, plain and clear

Every fee is shown in naira before you accept. No hidden charges, no surprise deductions.

3D phone showing an approved ₦2,500,000 Paylux loan

Loan approved · ₦2,500,000

Built for Nigerian business

Traders, engineers, contractors, dealers and creatives. Eligible assets help secure your business loan.

Your data stays safe

Bank-grade encryption on your BVN, NIN and account details. We never sell your information.

Eligibility

Application requirements

Tick these boxes and your application moves straight to review.

Apply for a loan today

Age 21 – 60
You must be a Nigerian citizen or legal resident within this age range.
Valid BVN and NIN
Both are verified instantly during your application.
Government-issued ID
NIN slip, driver's licence, voter's card or international passport.
Active bank account
A Nigerian account in your name that receives your income.
Verifiable income
Business turnover, salary or contract income we can confirm.
Eligible collateral
Assets worth approximately 250% of the requested loan value.