List of active fintech consumer lenders in Nigeria. It captures the lending conditions, access methods, disbursement, repayment, mitigation, and risk assessment.
This table shows a snippet from the dataset.
Company | Primary Business Model | Classification of Lending Transaction | Maximum Tenor (months) | Maximum Interest Rate (monthly) | Maximum Lending Amount | Access via USSD/SMS/Call | Access via App | Access via Website | Access via Branch | Disbursement via Bank Account | Disbursement via e-Wallet | Disbursement via Platform Card | Repay via Direct Debit or Standing Payment Order | Repay via Cash or Over-the-Counter | Repay via Website or App | Repay via ATM | Repay via Cheque | Repay via USSD/SMS | Remedial Action via Credit Bureau | Remedial Action via Legal Action | Remedial Action via Blacklist | Remedial Action via Contact Guarantor | Remedial Action via Debt Collection Agency | Remedial Action via Contact Employer | Remedial Action via Charge | Remedial Action via Name & Shame | Risk Assessed via Credit History Check | Risk Assessed via Phone Records or Alternative Data | Risk Assessed via Employment Check | Risk Assessed via Other Alternative Data | Affiliate Institution (e.g. Bank, Telco) | Does the company use ML technology? |
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Access Bank Personal Loan | Commercial Bank | Platform to Customer | 6 | N/A | N/A | Yes | Yes | Yes | No | Yes | No | Yes | Yes | No | No | No | No | No | Yes | Yes | No | No | No | No | Yes | No | Yes | No | No | No | Access Bank | No |
Access Bank Salary Adavnce | Commercial Bank | Platform to Customer | 3 | N/A | N/A | Yes | Yes | Yes | No | Yes | No | Yes | Yes | No | No | No | No | No | Yes | Yes | No | No | No | No | Yes | No | Yes | No | No | No | Access Bank | No |
Access Pay day Loan | Commercial Bank | Platform to Customer | 1 | 0.0515 | 75% of Monthly Salary | Yes | Yes | Yes | No | Yes | No | Yes | Yes | Yes | Yes | No | No | No | Yes | Yes | No | No | No | No | No | No | Yes | No | Yes | No | Access Bank | No |
Aella Credit | Short Term Financing (tenor max 12 months) | Platform to Customer | 3 | 0.07 | 4000000 | No | Yes | Yes | No | No | Yes | No | Yes | Yes | No | No | No | No | Yes | Yes | No | No | Yes | No | No | No | Yes | Yes | No | No | None | Yes |
ALAT | Digital Bank | Platform to Customer | 24 | N/A | N/A | Yes | Yes | Yes | No | Yes | No | Yes | No | No | No | No | No | No | No | No | Yes | No | No | No | No | No | Yes | No | Yes | No | Wema Bank | Yes |