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.
up to: ₦250k
You are progressing! Get qualified.
Business loan eligibility: 100%
up to: ₦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.
Scale Repayment Status
Pay for your IOT scale without default within the preceding two months of requesting a loan.
Complete Drop off transactions worth at least ₦60,000 using the Scrapays app.
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.
Select “Loan” on the app dashboard.
Scroll down & tap the request loan”“ button.
Read and accept loan terms.
Input approved loan amount.
Loan Repayment Calculator
Full Loan Amount (₦)
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There is a cap on our loans, so you cannot receive more than ₦250,000 per cycle.
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.
Loans & appropriate interests are remitted from your Scrapays wallet upon your next offtake or are to be repaid at the end of the month.