Nigeria Loan Rates Comparison

Compare interest rates from over 150 banks, microfinance institutions, and digital loan apps in Nigeria

Average Interest Rate
18.7%
Lowest Rate
5.0%
Highest Rate
30.0%
Number of Institutions
156
Showing 1-20 of 156 institutions
Institution Name Type Interest Rate Max Loan Amount Min. Credit Score

Important Disclaimer

Interest rates and terms are subject to change. The information provided here is for general comparison purposes only. Always verify the current rates and terms directly with the financial institution before applying for a loan. The Central Bank of Nigeria's Monetary Policy Rate (MPR) currently stands at 27.50% as of May 2025, which influences lending rates across the country.