Any registered micro, small, or medium business in Nigeria with verifiable operations.
Valid ID, proof of business activity, bank statement, and utility bill.
Monthly repayments are made through a virtual account generated for the customer via bank transfer.
Loan amounts are determined based on business capacity and documentation provided, but typically range from ₦100,000 to ₦10,000,000.
Loan processing takes between 24 to 72 hours after complete documentation and guarantor verification.
Yes, all applicants are required to provide at least one guarantor with verifiable identity and contact information.
No. Customers must fully repay their existing loan with Winock Lending before applying for a new one.
Yes. All guarantors listed on the application will be contacted to verify their consent and ability to stand as guarantors before disbursement.
In the event of default, Winock Lending will initiate recovery processes which may involve contacting your guarantor, and possibly taking legal steps in accordance with the loan agreement.