Applying for a new loan
To qualify for a loan, you must be:
- Be between 18 – 59 years old
- Have a verifiable source of income
- Live and / or work in cities where we operate
- Have a savings or current bank account with any commercial bank
You can get up to N1million.
To begin the process, kindly visit our website www.smeleverage.com to apply or call 08179999936, 09082666662
Your loan process can be completed in 24 hours provided all documents are valid & presented on application.
Current utility bill, A passport photograph, 6 months statement of salary account, Letter of Employment/confirmation, validated staff email address.
It is a CBN policy, applicable to financial institutions as part of KYC requirements.
Yes, we do.
Based on the information provided by you, you do not meet the minimum requirements to access a loan.
Based on the documents provided by you, you do not meet the full requirements to access a loan.
Smeleverage uses a Risk Based Pricing model which estimates the risk of lending to each applicant and prices accordingly.
We currently run a maximum tenure of 3 months.
Once your application is approved.
Please send an email to hello@smeleverage.com.
We will require your salary bank statement to process your application.
You must be over 25 years and have a regular source of income to apply for a loan.
You may have been blacklisted because you contravened our business policies.
Based on the documents provided by you, you do not meet the full requirements to access a loan.
Your debt-to-income ratio may not be able to accommodate your loan request.
Your account officer will inform you once your loan is approved.
- Cash deposit or transfer into any of these designated SME Leverage accounts:
- Paystack: click here
- Cheques: The cheques deposited as part of your loan documentation will be presented to your bank on your due date. Please make sure you have enough funds to cover repayment.
Note:
Cheques: If you don’t want your cheque to be presented and would prefer to pay via an alternative channel (cash deposit/transfer), please inform us by an email to hello@smeleverage.com at least 5 working days before your due date. This ensures that your cheque will not be presented. Direct Debit: If you would prefer to repay earlier and do not want your repayment instrument debited, please inform us at least 3 working days before your due date to avoid a double debit.If you have made payment without notifying us upfront, please send an email to hello@smeleverage.com.
Existing loan enquiry
If your initial documents are still valid, we will only need your recent bank statement (3 months).
Please send your new offer letter to hello@smeleverage.com.
Please get a new debit card and send an email to hello@smeleverage.com to request for re-tokenization link or inform your account officer.
Please send an email to hello@smeleverage.com.
Yes, you can, by using any of the options below:
- Cash deposit or transfer into any of these designated SME leverage accounts:
- Paystack: click here
- GTCollect: click here and select “SME Leverage Loan Repayment”. Remember to quote your SME leverage reference < LOAN ID > when paying at the bank and also quote it in all communications with us to enable us to trace your repayments and/ or requests to your account.
- Cheques: The cheques deposited as part of your loan documentation will be presented to your bank on your due date. Please make sure you have enough funds to cover repayment.
Note:
Cheques: If you don’t want your cheque to be presented and would prefer to pay via an alternative channel (cash deposit/transfer), please inform us by an email to hello@smeleverage.com at least 5 working days before your due date. This ensures that your cheque will not be presented. Direct Debit: If you would prefer to repay earlier and do not want your repayment instrument debited, please inform us at least 3 working days before your due date to avoid a double debit.If you have made payment without notifying us upfront, please send an email to hello@smeleverage.com.
You can have one active loan and take a top-up on your existing loan.
You can apply for a new loan immediately after or during the tenure of your existing loan.
Please send an email to hello@smeleverage.com.
Please send an email to hello@smeleverage.com.
Please send email or letter from your employer stating change in your salary date to hello@smeleverage.com.
Cheque: If you don’t want your cheque to be presented and would prefer to pay via an alternative channel (cash deposit/transfer), please inform us by an email to hello@renmoney.com at least 5 working days before your due date. This ensures that your cheque will not be presented.
Direct Debit: If you would prefer to repay earlier and do not want your repayment instrument debited, please inform us at least 3 working days before your due date to avoid a double debit. If you have made payment without notifying us upfront, please send an email to hello@renmoney.com.
Cheque: If you don’t want your cheque to be presented and would prefer to pay via an alternative channel (cash deposit/transfer), please inform us by an email to hello@smeleverage.com at least 5 working days before your due date. This ensures that your cheque will not be presented.
Direct Debit: If you would prefer to repay earlier and do not want your repayment instrument debited, please inform us at least 3 working days before your due date to avoid a double debit.If you have made payment without notifying us upfront, please send an email to hello@smeleverage.com .
Please confirm your mobile number is linked to your account and try again or send an email to hello@smeleverage.com.
Collections
If the payment details you supplied to Smeleverage have changed, incorrect or not funded, your repayment will be unsuccessful.
Our current default rate is 0.03%.
Please send an email to hello@smeleverage.com.
Please provide evidence of your salary change from your employer via email to hello@smeleverage.com and restructure your loan repayment with Smeleverage.
Please send email or letter from your employer stating change in your salary date to hello@smeleverage.com.
Please visit any Smeleverage branch and a representative will attend to you.
We will return your cheques after your loan has been repaid. Please send an email to hello@smeleverage.com.
Yes, you can. Please make payment 72 hours before your repayment date and send email to hello@smeleverage.com.