Unlock your business potential.
Scrapays provides you with the support to maximize your recycling business growth and shatter milestones. Smile to the bank even as you impact the environment.
Collateral-free, low interest loans.
There comes a time when a business needs to expand and spread its wings. As an organisation committed to helping recycling businesses grow, we want to make it as easy for you as possible with low-interest, collateral-free loans.
Business loan eligibility: 80%
up to: ₦250k
You are progressing! Get qualified.
Business loan eligibility:100%
up to: ₦250k
Amazing work done! Get a loan.
Active Loan
₦250k
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What makes you eligible?
3 Months of Operation
After three months of consecutive activity on the Scrapays app, you’ve passed the first eligibility criteria for a loan.
2 Processed Offtakes
Complete a minimum of 2 offtakes and move closer to being eligible for a loan.
Monthly Tonnage Target
You must have met your monthly tonnage target 3 months prior to requesting for a loan.
Transaction Volume
Complete Drop off transactions worth at least ₦60,000 using the Scrapays app.
KYC Status
For the security of all parties involved in the loan process, completing your KYC verification is a mandatory step in requesting for a loan.
Apply for a business loan in 5 easy steps.
Once you meet all of the eligibility criteria, follow these 5 steps to request for a loan.
01
Select “Loan” on the app dashboard.
02
Scroll down & tap the “request loan” button.
03
Read and accept loan terms.
04
Input approved loan amount.
05
Receive loan!
Loan Repayment Calculator
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Note:
Loan Limit
There is a cap on our loans, so you cannot receive more than ₦250,000 per cycle.
Disbursement Amount
The amount you can borrow is determined by the income from your last three offtakes i.e. it is linked to your overall financial performance.
Loan Repayment
Loans & appropriate interests are remitted from your Scrapays wallet upon your next offtake or are to be repaid at the end of the month.