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Loan Product

Payday Loan

A short-term loan for unexpected expenses — approved fast, repaid in one instalment on your next pay date.

Who it's for

When something unexpected comes up

Tunde's car broke down out of nowhere. A Payday Loan got him back on the road fast, with the full repayment cost confirmed before he accepted anything.

Eligibility for this product

  • Verified identity and active Nigerian bank account
  • Evidence of regular income or a consistent pay history
  • Passes a simple affordability check
  • No existing overdue BorrowBanana loans
₦5,000 – ₦150,000 · 30-day term · 10% flat interest · no hidden fees
Loan Calculator
Every BorrowBanana loan is 10% flat interest over a fixed 30-day tenor. Move the slider to see exactly what you'd repay.
₦5,000 ₦100,000 ₦500,000
Principal
₦100,000
Interest (10%, 30 days)
₦10,000
Total repayment
₦110,000
Repayment date: 23 August 2026 Estimate only
Check your eligibility

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Ready for peace of mind?

See your exact repayment cost before you borrow.

Check Eligibility