Loans in Nigeria — Quick Loans From Your Wallet
Apply from your phone, subject to eligibility, and repay from your balance.
A shortfall before payday should not need a guarantor, a stack of documents or a trip across town. InspireMe Pay lets you apply for a loan from the wallet you already use.
Eligibility and your maximum amount are based on your verification tier and your activity on the wallet. The interest rate and the repayment period are shown before you accept, so the cost is never a mystery.
When the loan is approved, the funds are credited to your wallet. Repayment comes from your wallet balance, and your loan record stays in the app.
What to expect
Amounts by tier
Your maximum loan amount follows your verified tier — higher tiers unlock higher limits.
Eligibility from activity
A record of successful transactions on your wallet is part of what makes an account eligible.
Rates shown before you accept
The interest rate and the total you will repay are displayed before you confirm the loan.
Repayment periods
Choose from the repayment periods offered, with the rate for each period shown alongside it.
Credited to your wallet
An approved loan is paid straight into your wallet balance, ready to use.
Repay from your balance
Repayments come out of the same wallet, and your loan history stays visible in the app.
How it works
- 1Open Loans to see whether your account is eligible and what your limit is.
- 2Choose the amount you need and the repayment period offered.
- 3Review the interest rate and the amount you will repay in total.
- 4Accept the terms and submit your application.
- 5Once approved, the money lands in your wallet and repayment follows your schedule.
Why use InspireMe Pay for this
Available across Nigeria
Traders in Onitsha and Aba, artisans in Lagos and Ibadan, salaried workers in Abuja and Port Harcourt, and small businesses across Nigeria use wallet loans for the short gaps that come up between income.
More ways to use your wallet
Pay bills online →
Electricity tokens, TV, internet, airtime and data from one wallet.
Airtime to cash →
Convert MTN, Airtel, Glo and 9mobile airtime into spendable funds.
QR payments →
Scan and pay as a customer, or collect payments as a merchant.
Send money →
Bank transfers, wallet-to-wallet payments and a virtual account to receive on.
Virtual & physical cards →
Naira and Dollar virtual cards, plus physical debit cards you can carry.
International accounts →
USD, EUR and GBP accounts, plus cross-border payments for Nigeria.
Savings →
Fixed savings plans that earn interest, with auto-save from your balance.
Investments →
Investment plans, portfolio tracking and IPO subscriptions.
WhatsApp banking →
Send money, buy airtime and pay bills by chatting on WhatsApp.
USSD banking →
Check balance, send money and pay bills without internet.
Voice banking →
Pay bills and send money by speaking, in four Nigerian languages.
Airtime & data →
Instant recharge and data bundles on all four major networks.
Live metering →
Buy prepaid tokens and monitor your meter balance live.
Flight booking →
Search and book local and international flights from your wallet.
Event tickets →
Buy tickets for concerts, shows and events, paid from your wallet.
Merchant payments →
QR collections, inventory, sales reports and staff access for SMEs.
Languages →
Use the wallet in English, Yoruba, Hausa or Igbo.
See everything →
All InspireMe Pay services, channels and security features.
Frequently asked questions
Who qualifies for a loan on InspireMe Pay?
Eligibility is based on your verified KYC tier and your activity on the wallet, including successful transactions. The Loans section in the app shows whether your account currently qualifies and what amount you can access.
How much can I borrow?
Your maximum amount depends on your verification tier — each tier carries its own limit — and the figure available to you is displayed in the app before you apply. Higher tiers and a longer record of wallet activity raise the limit.
What interest rate and repayment period apply?
Each loan shows an interest rate and the repayment periods you can choose from, with the rate stated before you accept and the total repayment amount displayed. Nothing is deducted or owed without you seeing the figures first.
Do I need collateral or a guarantor?
No. Loans are assessed from your verified account and your wallet activity, so there is no collateral to deposit and no guarantor to provide.
How do I repay the loan?
Repayment is taken from your wallet balance according to the schedule you accepted, and your loan record — amount, rate, period and repayments — stays visible in the app.
Start with your wallet
Create a free InspireMe Pay account, fund your wallet, and use it from the app, WhatsApp, USSD or by voice.