Compare interest rates for business and personal loans across registered banks and loan apps
| Institution Name ↕ | Type ↕ | Business Loan Rate ↕ | Personal Loan Rate ↕ |
|---|---|---|---|
| Access Bank | Commercial Bank | 18% - 22% | 20% - 25% |
| First Bank of Nigeria | Commercial Bank | 17% - 21% | 19% - 24% |
| Guaranty Trust Bank (GTBank) | Commercial Bank | 16% - 20% | 18% - 23% |
| United Bank for Africa (UBA) | Commercial Bank | 18% - 22% | 20% - 25% |
| Zenith Bank | Commercial Bank | 17% - 21% | 19% - 24% |
| Union Bank of Nigeria | Commercial Bank | 18% - 23% | 21% - 26% |
| Sterling Bank | Commercial Bank | 17% - 22% | 20% - 25% |
| Fidelity Bank | Commercial Bank | 16% - 21% | 19% - 24% |
| Ecobank Nigeria | Commercial Bank | 18% - 23% | 21% - 26% |
| Stanbic IBTC Bank | Commercial Bank | 15% - 20% | 18% - 23% |
| LAPO Microfinance Bank | Microfinance Bank | 25% - 30% | 28% - 35% |
| AB Microfinance Bank | Microfinance Bank | 20% - 25% | 22% - 28% |
| Fortis Microfinance Bank | Microfinance Bank | 22% - 27% | 24% - 30% |
| NIRSAL Microfinance Bank | Microfinance Bank | 9% - 12% | 10% - 15% |
| Sparkle Microfinance Bank | Microfinance Bank | 20% - 25% | 22% - 28% |
| Branch | Loan App | 28% - 35% | 30% - 40% |
| FairMoney | Loan App | 25% - 40% | 30% - 45% |
| Carbon (Paylater) | Loan App | 25% - 35% | 30% - 40% |
| Renmoney | Loan App | 22% - 30% | 24% - 32% |
| QuickCheck | Loan App | 30% - 45% | 35% - 50% |
| Aella Credit | Loan App | 20% - 40% | 25% - 45% |
| PalmCredit | Loan App | 24% - 36% | 28% - 40% |
| Okash | Loan App | 36% - 52% | 40% - 56% |
| Standard Chartered Bank Nigeria | Commercial Bank | 15% - 19% | 17% - 22% |
| Keystone Bank | Commercial Bank | 18% - 23% | 20% - 26% |
| FCMB | Commercial Bank | 17% - 22% | 20% - 25% |
| Unity Bank | Commercial Bank | 19% - 24% | 22% - 28% |
| Heritage Bank | Commercial Bank | 20% - 25% | 23% - 29% |
| Wema Bank | Commercial Bank | 18% - 23% | 21% - 27% |
| Providus Bank | Commercial Bank | 16% - 21% | 19% - 24% |
| Titan Trust Bank | Commercial Bank | 17% - 22% | 20% - 25% |
| Globus Bank | Commercial Bank | 18% - 23% | 21% - 26% |
| Parallex Bank | Commercial Bank | 19% - 24% | 22% - 28% |
| Suntrust Bank | Commercial Bank | 20% - 25% | 23% - 29% |
| PremiumTrust Bank | Commercial Bank | 18% - 23% | 21% - 26% |
| Enwealth Microfinance Bank | Microfinance Bank | 22% - 28% | 25% - 32% |
| Addosser Microfinance Bank | Microfinance Bank | 20% - 26% | 23% - 30% |
| Baobab Microfinance Bank | Microfinance Bank | 21% - 27% | 24% - 31% |
| Infinity Microfinance Bank | Microfinance Bank | 23% - 29% | 26% - 33% |
| Lavender Microfinance Bank | Microfinance Bank | 22% - 28% | 25% - 32% |
| MoneyInMinutes | Loan App | 30% - 45% | 35% - 50% |
| SokoLoan | Loan App | 28% - 42% | 32% - 46% |
| CreditWave | Loan App | 26% - 38% | 30% - 42% |