Frequently Asked Questions
Have questions about our service? Click below to view responses to the most common questions.
To qualify for a loan, you must be:
- Be between 21 and 59 years old
- Must be in a paid employment
- Live and / or work in Lagos
- Have a salary savings or current bank account with any commercial bank
Not more than N200,000 but actual amount is dependent on your salary.
Your repayment cannot be more than 50% of your monthly salary.
Maximum of 3 months.
We request your BVN as this is used to verify that the individual applying for a Paygator loan is the same as the owner of the provided bank account. This is to ensure that your details cannot be used to apply for a loan without your authorization in the event a 3rd party has access to your account details. Please note: Your BVN does not provide access to your account. If in doubt, we encourage you to confirm this from your bank before you proceed.
The entire process can be completed in no time! Once you complete our short application and accept the loan offer provided, your information is reviewed, and a loan decision is typically provided within minutes. If approved, funds will be received within a few moments of the application process being completed.