Fast business loans of ₦50,000 to ₦50m for SMEs based on your Moniepoint transaction history, not collateral. You need 3 months active on the platform to qualify.
Moniepoint (formerly TeamApt) offers data-driven business loans to SMEs that use the Moniepoint POS or banking platform, leveraging transaction history to determine creditworthiness. Loans are disbursed quickly — often within hours — and are designed to cover working capital needs for retail, trade, and service businesses. No physical collateral is required; eligibility is based on transaction volume and repayment behaviour on the platform.
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Moniepoint uses an automated system that analyses your transaction volume, frequency, and repayment behaviour on their platform to generate a personalised loan offer. You will not compete against other applicants; your eligibility and amount are determined solely by your own transaction data. Once you submit your application and documents, the decision is usually fast—disbursement often happens the same day or within 24 hours. There is no manual underwriting stage as with traditional bank loans.
What reviewers look for
Moniepoint typically disburses within hours of approval, and approval decisions are usually made the same day you submit.
No. Moniepoint does not require physical collateral. Your transaction history on their platform is what determines your eligibility and loan amount.
You are not eligible until you reach 3 months of continuous account activity. You can reapply once that threshold is met.
You can still apply as long as you meet the other eligibility criteria—active account, 3 months history, valid ID, and age 18+. Registration is typically required for larger loan amounts or some business types, but check with Moniepoint for your specific case.
Moniepoint loan terms, including any fees, will be clearly shown in your offer before you accept. Review the full terms in the app before disbursement.
Guide written from the official programme page on 16 October 2026. Funders change their rules, so confirm the details on the official page before you apply.
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