Frequently Asked Questions

How can we help?

What is the interest rate?
We apply a risk-based pricing to determine repayment on loans.
What do I need to be eligible?
  • You must be in a paid employment
  • Your age should be between 22 and 55 years
  • You must have an active salary account
How do I apply?
Click on “Apply Now”, sign up and proceed to apply for a loan Chat with us via WhatsApp on +234 805 024 6186 Call us on 08050246186 or visit our office located at 1625B Saka Jojo Street, Idejo Victoria Island, Lagos.
How much can I borrow?
You can access up to N5,000,000.00
Can I make part payment on my loan?
No, you cannot make part payment as your loan repayment date are agreed before loan disbursement, however a change in repayment date is possible depending on your cash flow. Charges will apply in case you change your repayment date.
Can I pre-liquidate my outstanding loan?
Yes you can pre-liquidate your loan, however charges may apply.
How early can I apply for another loan after repaying a loan fully?
You can apply immediately after a full repayment of existing loan.
What documents am I required to present?
  • 1 Passport Photograph
  • A valid means of Identification( International Passport, Driver's Licence or National ID card)
  • Your 6months up-to-date salary statement of account
  • Employee ID Card
  • Employment Letter
  • NUBAN Cheques or Direct Debit Mandate
  • If you are an outsourced employee or your employment has not been confirmed, you will be required to provide a guarantor who must be a permanent staff of your firm and must have capacity
How can I repay?
You can repay with Cheques or Direct Debit mandate
How do I repay if I don't want my cheques presented?
If you don't want your cheques presented you can make payment in our account with details as follows

# Account Name Account Number Bank Name
1 TFS LENDING 1452987237 Access Bank plc
What is the penalty for defaulting on loan repayment?
The default penalty is 1% on instalment amount for each day of default. If the default exceeds 30 days, more stringent measures may be applied and default would also be reported to the credit bureaus.
How do I contact TFS Lending?
Kindly send a mail to