Frequently Asked Questions

Frequently Asked Questions
How much can I borrow?

Our minimum loan is ₦50,000.00 and limit for a new customer is ₦500,000.00 while existing customers is up to ₦1,000,000.00. It also depends on the borrower's ability to repay after being assessed.

Do I have to be in paid employment to get your loans?

No, we have different loan packages to suit customers in paid employment and SMEs as much as you have a verifiable monthly income.

Do I need to come to the branch to apply for a loan?

No, your application can be made via out secure online portal or call 09091788411 to speak to a Relationship officer.

Does Adeeva Capital require credit check?


Is your interest a flat rate or on a reducing balance?

Our interest rate is a flat rate charged monthly.

Are there any hidden charges on your loan?

There are no hidden charges however out Management fees, insurance fees and VAT makes up to 5.00 % of the principal and has been included in the repayment amount.

How do I get confirmation that my loan has been approved?

You will be contacted by one of our relationship officer. Also an email will be sent to you with details of your loan status.

Can I have more than one loan running at the same time?

No, you can only access one loan at a time.

Can I make a part payment before my loan repayment date?


My salary will not be paid on the date given what do I do?

If you find out that you cannot make an upcoming payment, inform us by calling 09091788411 or send a mail to 72 hours before your due date to inform us.

Can I change my mode of payment from direct debit to cheques?

Yes you can. You will need to visit our Head Office at Suite 17 Block B, Alausa shopping Mall to issue the cheques and give an instruction to stop the direct debit on your account.

Can I extend my loan tenor?

No, you can apply for another as soon as you finish repayment on your current loan.

What is the penalty for defaulting on a loan?

A Defaulter will be charged a daily penalty of ₦1500 which also applies to public holidays and weekends. We may be forced to alert employers and guarantors when we are unable to reach you about your loan. Continuous defaulting will have adverse effect on credit rating with the Credit bureau agencies which will prevent you from accessing loans from other financial institutions.

How long do I have to wait to apply for a new loan?

You can renew your loan immediately you finish payment on the existing one.

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