How to Secure N1,000,000 in Loans with Prospa

Written by Taofeeq Alabi

Do you need a business loan of up to N1,000,000? Keep reading on how to secure N1,000,000 in loans with your Prospa account.

Loans are a financial tool for businesses to obtain the necessary capital to fast track their business operations. At Prospa, you can easily secure a loan of up to N1,000,000 without the stress of documentation or presenting collateral. 

Why Should You Consider Taking a Loan with Prospa?

Businesses take loans for different reasons. However, most businesses struggle with shouldering the financial burden from loan interest rates and making prompt repayments. 

Here are a few reasons to consider taking a loan with Prospa:

  • No Documentation: Our process doesn’t require you to provide long paperwork. As long as you have a Prospa account, you can request a loan.
  • 24hrs Disbursement: Once you request and qualify for a Prospa loan, we immediately credit your account.
  • Low Interest Rates: Unlike the traditional loan system, we don’t have a fixed interest rate. It all depends on your activity on your account. The more transactions you make, the lesser your interest rates. 
  • Access to Higher Loan Options: If you regularly request and pay back loans on time, you are eligible for a loan of up to N1,000,000. 
  • Auto-payment Plan: To help you manage your business while making repayment, we have an easy repayment plan that helps you pay back installmentally. 

How to Acquire a Loan on Prospa

Here’s what you need to do to access a business loan of up to N1,000,000 with your Prospa account:

  • Make Prospa your Main Business Account: Carry out regular cash inflow, send funds, and use our tools to automate your spending and workflows. 
  • Boost Your Credit Score: To ensure you have access to loans up to N1,000,000, you need to show creditworthiness by paying back small loans on time and utilizing the tools on the Prospa App like generating invoices, adding team members, scheduling payments, and much more.

Loans exist to ensure your business access capital funding for increased profit and long term financial stability. 

If you’re ready to take a business loan now, kindly reach out to your account manager. For further assistance, contact us at or call us at 018890240.

Your business is invaluable to us.


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