How To Apply For Loan

This feature enables employees to access loans seamlessly through PaidHR. Employees can explore loan options from our lending partners: FunDit, Yield Bank, and Yalo, or apply for loans provided directly by their employer through the Company-Sponsored Loan feature.

PaidHR provides two loan sources:

• Company-Sponsored Loans – Loans offered and managed by the employer.
• Lending Partner Loans – Loans offered through PaidHR's lending partners: FunDit, Yield Bank, and Yalo.

1. Log in to your PaidHR account.
2. Scroll down and click Request, then select Loan from the sidebar.
3. Click Submit Request at the top-right corner of the screen.
4. Select Company-Sponsored Loan and click Proceed.
5. Fill in the required fields:
   • Loan Policy
   • Repayment Tenor
   • Repayment Interval
   • Loan Amount
   • Reason for Request
6. Attach a supporting document, if applicable.
7. Click Submit.

Your loan request will be submitted for review and approval based on your company's loan policy.

How to Apply for a Loan from the Loan Marketplace

1. Log in to your PaidHR account.
2. Scroll down and click on Request, then select Loan from the sidebar.
3. Click on Submit Request at the top right corner of the screen.
4. Select Loan Marketplace and click Proceed.
5. Choose your preferred loan provider.
6. Fill in the required fields (BVN, NIN, Repayment Tenor, Interval, Amount, Reason).
7. Review the loan policy, then tick the checkbox to confirm acceptance.
8. Click on Submit.

To learn more about how your loan application, personal information, and repayments are managed with our lending partners, please visit our Privacy Policy.