Frequently Asked Questions

What types of loans does Vaultwise offer?

Vaultwise offers three main types of business loans: Working Capital Loans for day-to-day operations, Equipment Financing for purchasing business equipment, and Business Expansion Loans for long-term growth initiatives.

What are the interest rates for your loans?

Interest rates vary by loan type and term length:

• Working Capital Loans: From 2.5% monthly
• Equipment Financing: From 2% monthly
• Business Expansion Loans: From 18% annually

Your specific interest rate will depend on your business profile, credit history, and loan amount.

What is the maximum loan amount I can apply for?

Maximum loan amounts vary by product:

• Working Capital Loans: Up to ₦5,000,000
• Equipment Financing: Up to ₦10,000,000
• Business Expansion Loans: Up to ₦50,000,000

Your approved loan amount will be based on your business's revenue, repayment capacity, and credit profile.

Do I need collateral for a loan?

Collateral requirements depend on the loan type and amount:

• Working Capital Loans: Generally unsecured for amounts up to ₦2,000,000
• Equipment Financing: The equipment itself typically serves as collateral
• Business Expansion Loans: May require collateral for larger loan amounts