Lidya Business Loan
Lidya offers business loans ranging from ₦150,000 to ₦50,000,000 with terms of 1 to 12 months and quick approval within 24-48 hours.
Last checked on September 1, 2026. We may earn a commission when you click through.
Lidya Business Loan
Updated 19 days agoAPR Range
—
Amount
₦150k
Term
1–12 months
Type
business
You'll be redirected to lidya.co
Our Verdict
Lidya's business loan provides fast access to funds, making it ideal for urgent financial needs. However, the requirement for 6+ months of trading history may exclude newer businesses from eligibility.
Best For
Established Nigerian businesses seeking quick funding for operational expenses or expansion.
Watch Out
Requires a minimum of 6 months trading history, which can be a barrier for startups.
Pros
- Fast approval within 24-48 hours
- Flexible loan amounts up to ₦50 million
- Digital application process
- No hidden fees
Cons
- Requires a minimum of 6 months trading history
- Limited access for startups
- Customer service response times can vary
Full Review
Lidya offers a digital application process that enhances convenience for borrowers. Approval times are notably quick, often within 24-48 hours, catering to those needing immediate funds. The loan amounts range from ₦150,000 to ₦50,000,000, providing flexibility for various business needs.
Despite its advantages, businesses must have at least 6 months of trading history to qualify. This requirement can limit access for startups and newer enterprises. while the application process is digital, the user experience may vary based on internet connectivity and device compatibility.
Customer service and support are crucial aspects to consider. Feedback indicates that response times can vary, so applicants should be prepared for potential delays in communication. Overall, while Lidya offers a solution for established businesses, those without sufficient trading history may need to explore alternative lenders.
Who Is This For?
Established business owners in Nigeria who need quick funding for operational growth or unexpected expenses.
What Borrowers Say
Users appreciate the quick approval process but highlight strict eligibility requirements as a drawback.
Summary
Lidya offers business loans from ₦150,000 to ₦50,000,000 with terms of 1 to 12 months and approval times of 24-48 hours.
About This Loan
Requirements
- Nigerian registered business
- 6+ months trading history
- Digital application process
- Quick disbursement
Similar options
First Bank SME Business Loan
BusinessAPR
—
Amount
₦500k
Term
12–60mo
Best for: Established businesses with a good credit history looking for significant financial support.
Stanbic IBTC Business Loan
BusinessAPR
—
Amount
₦1M
Term
12–60mo
Best for: Nigerian entrepreneurs with existing Stanbic IBTC accounts seeking substantial working capital or trade finance.
Access Bank SME Business Loan
BusinessAPR
—
Amount
₦500k
Term
6–60mo
Best for: Established SMEs in Nigeria needing significant capital for expansion or operational costs.
GTBank Business Loan
BusinessAPR
—
Amount
₦1M
Term
12–60mo
Best for: Established Nigerian businesses with a solid trading history seeking significant funding for expansion.
Zenith Bank Business Loan
BusinessAPR
—
Amount
₦1M
Term
12–60mo
Best for: Established Nigerian businesses with solid financial records looking for substantial funding.
UBA SME Business Loan
BusinessAPR
—
Amount
₦500k
Term
12–60mo
Best for: Nigerian small to medium enterprises with solid financial projections and collateral who need significant funding for growth.