Lendha — review & details
A Lagos-based digital SME lender focused on inventory and working-capital finance for small traders, advertising approval within hours and serving registered and unregistered businesses. Fast and inclusive, but short-tenor and priced like digital credit.
Lendha
★★★★☆
Short-term business and inventory finance
Loan Type
Short — up to about six months
Tenor
Not confirmed against an official register during research — verify on the FCCPC approved-lender list before borrowing
Licence
Approval within hours, per Lendha
Speed
Small traders (including unregistered businesses) needing quick stock finance
Best For
digital
Type
Pros
- Accepts unregistered businesses with as little as six months of operation — a segment banks ignore
- Advertises approval within hours with a simple online application
- Inventory-financing focus fits market traders and retail shops
Cons
- Short maximum tenor makes this strictly working-capital money, and monthly-rate pricing plus processing fees annualise expensively
- Regulatory standing could not be confirmed from official sources during research — verify before borrowing
- A smaller lender than the banks and MFBs here, with a thinner public track record
Fees, eligibility & documents
Fees
InterestHigh — monthly-rate digital credit with a processing fee on top; the short tenor keeps the effective annual cost well above bank lending. Confirm the full cost on your offer before accepting
Processing feeCharged upfront as a percentage of the loan — check the current figure on lendha.com
Eligibility
- Business (registered or unregistered) operating for at least about six months
- BVN and bank statements for assessment
- Nigerian resident owner
Documents needed
- BVN and valid ID
- Bank statements
- Evidence of business/shop operation
How Lendha compares in business loans
| Lendha | Bank of Industry (BOI) | Development Bank of Nigeria (DBN) | |
|---|---|---|---|
| Loan Type | Short-term business and inventory finance | — | — |
| Tenor | Short — up to about six months | — | — |
| Licence | Not confirmed against an official register during research — verify on the FCCPC approved-lender list before borrowing | — | — |
| Speed | Approval within hours, per Lendha | — | — |
| Best For | Small traders (including unregistered businesses) needing quick stock finance | Registered SMEs with a solid plan | Longer-term MSME finance |
| Visit Lendha → | Visit BOI → | Visit DBN → |
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