How to Get a Personal Loan in Nigeria from ₦10,000 (2026)

A personal loan is short-term credit for individual needs—rent, school fees, medical bills, vehicle repairs, or other personal expenses. It is not for restocking a shop, paying staff, or funding business inventory.

BAFF personal loans start from ₦10,000. You apply in the app, get a decision quickly, and repay on a schedule that fits your income.

• School fees and education costs
• Rent or housing emergencies
• Medical or family emergencies
• Vehicle repairs and transport
• Personal bills and unexpected expenses

• A personal loan is for you as an individual. Amounts start at ₦10,000 and are meant for personal bills—not shop inventory or SME working capital.
• A business loan is for traders, shop owners, and SMEs who need up to ₦10M for inventory, expansion, or operations. If that sounds like your situation, see our business loan guide instead.
• Choosing the right product helps you get approved faster and avoids confusion between personal and business credit.

• A smartphone with the BAFF app installed
• Tier 3 BAFF account with completed verification
• Valid government-issued ID
• Consistent transaction history on your BAFF account
• No collateral or guarantor required for eligible applicants

• Download BAFF from the App Store or Google Play.
• Sign up, verify your identity, and upgrade to Tier 3.
• Open the Loan section in the app and select personal loan.
• Fill in the amount you need and submit your application.
• Review your offer—including repayment terms—before you accept.
• Receive funds in your BAFF wallet after approval.

Most eligible applicants receive a decision within minutes. BAFF is built for speed: no long branch visits or stacks of paperwork for everyday personal borrowing.

Keep your BAFF profile complete and your account active to improve your chances of a quick approval.

Repayments are debited from your BAFF wallet on your due date. You can also repay manually from the Loan section in the app.

Plans are flexible—you repay at your own pace within the terms you accepted. Once you clear a loan, you can apply again when you need funds.

If you need capital to restock a market stall, buy inventory for a shop, pay suppliers, or expand a small business, a personal loan is not the right product. BAFF Business Loans up to ₦10M are designed for that purpose.