Lidya Business Loans – review 2026

Name: Recenze Lidya Business Loans
Item: Lidya Business Loans
Rating: 4.2
Author: Finatino.com

4,2 / 5

Lidya is a Nigerian fintech company that provides working capital loans to small and medium enterprises. Using data analytics and business account statements, Lidya makes fast credit decisions for SMEs that may not qualify for traditional bank business loans.

Pros

Data-driven credit assessment using business bank statements rather than collateral
Higher loan amounts up to ₦10,000,000 for well-established businesses
No physical collateral required for qualifying SMEs
Fast 48-hour credit decision from completion of digital application
Suitable for businesses with regular bank account activity and turnover

Cons

Loans currently available only to businesses with verifiable bank turnover
Annual interest rates may be higher than traditional bank SME products
Maximum tenure of 12 months not suitable for capital investment
Business bank statements required for the last 12 months
Limited availability for early-stage businesses with low or irregular turnover

Requirements

Registered Nigerian business (CAC)
Business bank account statements for the last 12 months
Valid ID of business owner or director
BVN
Business plan or evidence of revenue for new SMEs

Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.