Jara Borrow · Line of credit
JaraFlex
Draw what you need, when you need it, up to your limit — interest only on what you draw, and the room comes back as you repay.
- How it works
- A revolving line. Draw, repay, draw again — no new application.
- Sized on
- A share of your credit limit that grows every clean cycle
- Who can use it
- Credit score 640+. Below the bar, it simply isn't offered — try JaraTerm and build from there.
- Price
- Your grade rate: 3.5%–10.0% a month. Only on the principal you actually draw — draw nothing, pay nothing.
- Fee
- 5% on loans under ₦50,000, down to 2% from ₦1,000,000 — processing fee on each draw — no draw, no fee. Never more than 10% of the amount.
- Term
- Open-ended facility; each draw repays on its own schedule
- Use it again
- Yes — borrow, repay, borrow again.
- Security
- None up to ₦10,000; a guarantor from ₦50,000; collateral above ₦200,000.
Best for
- Daily restocking
- Cash-flow gaps
- Unpredictable market needs
How a line grows
Every clean cycle opens more room.
Example: a Good-band borrower earning ₦200,000 a month has an earned limit of ₦600,000. The first line opens at up to ₦50,000, then grows each time a loan clears on time — never more than doubling in one step.
Brakes, not cliffs: any late payment freezes new draws; 30+ days late cuts the line by 25%; a write-off closes it. A grace token (bought with 2,000 reward points) keeps your line open through up to 14 days late, once a year.
Packages built on JaraFlex
Trader Working Capital
A revolving stock line with weekly repayments that match market days.
Start with JaraFlex.
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