How to apply for a loan

You can apply for a loan directly from the app once you are eligible.

Apply for a loan

1. Open the Loans tab.
2. Review the available loan products.
3. Choose your amount, anywhere from ₦5,000 to ₦100,000 on a standard quick loan.
4. Check the terms: a 60-day term and 10% interest over that term.
5. Confirm the details and submit your application.
6. Once approved, the funds are credited to your Boldswitch wallet.

Gold and Diamond members can also apply for larger direct loans, up to ₦2,000,000 and ₦5,000,000 respectively. See Am I eligible for a loan? for the full membership tiers.

After approval, your loan appears under Active loans, where you can follow your repayment progress.

Tip: Read the interest rate and maturity date carefully before confirming so there are no surprises later.

Next, see Understanding interest and your repayment schedule and How to repay your loan.

Stuck on an application? Email support@boldswitch.ng.