Lydia Loan

Do you want a quick loan to finance your business or some money to take care of your personal needs? In this article you will learn everything you need to know about Lydia Loan and how you can get quick loan from them.

Lydia Loan


What you would want to know in the first place is who is eligible for this loan. And if you are eventually eligible, what are the documents you need.

Well, Lydia offers different kinds of loan with varying requirements. But on the basis of each, you must:

  • Have a working bank account with BVN
  • Upload your 6 months bank statement.

If you are applying for a business loan, you must show a proof of ownership of business and you must have been running for at least three to six months. Lidya does not offer loan to Start ups; their credit facilities are only for already established businesses.

It is a good thing to know that Lydia does not require collateral to give you loan.

To scale through the scrutinization process, you must posses a good credit record. This will boost your credit score and lower the risk involved with offering you the loan.

How to apply

The application of Lydia loan is in three steps.

  1. First, sign up for Lydia via the website
  2. Select the type of loan you wish to apply
  3. Get your loan deposited into your Lydia account.

The three steps will be done within 24 hours. So you don’t have wait for weeks in application process like some other loans.

Interest Rate

The interest rate of Lydia is revealed to be 3.5%.

Other Popular Banks That Gives Loans In Nigeria:


On the acceptance of your loan application, you will be made to know the loan tenor and the required monthly payments.

There both offline and online methods through which you can repay your Lydia loan.

Pros & Cons

  • You do not require a collateral or a guarantor.
  • Your loan application is granted within 24 hours (at most 48 hours).
  • They are available flexible repayment methods.
  • Lydia loan has low interest rate.
  • Lydia loan is only ava to already establish businesses and not for start ups.
  • You must pay within the agreed period, else you will face the law.

Mobile App

Lydia does not have a mobile app. The application process is done via their website:

Customer Care

If you encounter any issue or you have any difficulty with the application process, you can reach the Lydia Customer service via their online handles:




Contact NumberN/A

Branches & Head Office

Oko Awo Street, Victoria Island Lagos State.

Here are some other Banks that offer loans in Nigeria: Aella Credit Loan,Federal Government Empowerment Loan For Entrepreneur,Geep Loan