Frequently Asked Questions

Yes. Ascensia Finance Company Limited is duly licensed and regulated by the Central Bank of Nigeria (CBN) and operates under strict financial compliance standards to ensure the safety and integrity of all client transactions.

Ascensia Finance offers a wide range of loan products: Pay-day Loans – For salaried employees, up to ₦5,000,000 Personal Loans – For self-employed professionals, up to ₦5,000,000 SME Loans – Inventory and working capital financing up to ₦10,000,000 Group Loans – For traders/artisans, up to ₦3,000,000 Ascensia PayEasy – Buy Now, Pay Later loans up to ₦1,000,000

Our loan interest rates are highly competitive and customer-friendly: Most loans attract a 6% interest rate Group loans are available at 5% interest

Collateral requirements vary by loan type: Group Loans: Charged savings balance, joint guarantee by members, and post-dated cheques Ascensia PayEasy: The asset to be financed serves as the collateral Other loans may not require traditional collateral but are backed by cashflow, employment status, or savings history

We offer secure and rewarding investment opportunities: AscensiaLock Min Investment: ₦500,000 Interest: Up to 23% p.a. Tenor: 30 to 365 days Liquidity: On maturity AscensiaRise Min Investment: ₦50,000 Interest: Up to 12% p.a. Hybrid Account (Current + Savings) Withdrawals: Max 4 times/month Tenor: 365 days