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.

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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.

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Business loan eligibility: 100%

up to: ₦250k

Amazing work done! Get a loan.

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Active Loan

₦250k

You have an active loan. Pay Now.

What makes you eligible?

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    3 Months of Operation

    After three months of consecutive activity on the Scrapays app, you’ve passed the first eligibility criteria for a loan.

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    2 Processed Offtakes

    Complete a minimum of 2 offtakes and move closer to being eligible for a loan.

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    Monthly Tonnage Target

    You must have met your monthly tonnage target 3 months prior to requesting for a loan.

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    Transaction Volume

    Complete Drop off transactions worth at least ₦60,000 using the Scrapays app.

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    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.

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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

Full Loan Amount (₦)

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Total Repayment

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Note:

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    Loan Limit

    There is a cap on our loans, so you cannot receive more than ₦250,000 per cycle.

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    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.

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    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.

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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.