Jara Borrow · Term loan

JaraTerm

One lump sum, one fixed schedule — for a planned, one-time expense.

How it works: Full approved amount paid once, upfront. Interest on the whole principal from day one.
Sized on: The amount you request, up to your credit limit
Who can use it: Credit score 300+. Below the bar, it simply isn't offered — try a smaller amount and build from there.
Price: Your grade rate: 3.5%–10.0% a month. Flat up to 6 months; reducing balance on longer terms (you only pay interest on what you still owe).
Fee: 5% on loans under ₦50,000, down to 2% from ₦1,000,000 — one-time processing fee, deducted at drawdown. Never more than 10% of the amount.
Term: Up to 12 months, depending on your grade (A: 12 · B: 9 · C: 6 · D: 4 · E: 3)
Use it again: Clear it, then apply again — or graduate to a bigger JaraTerm after 6 clean cycles.
Security: None up to ₦10,000; a guarantor from ₦50,000; collateral above ₦200,000.

Best for

Packages built on JaraTerm

Starter Quick

A small first loan to start your Jara record — no collateral up to ₦10,000.

Salary Advance

Bridge to payday, repaid by payroll deduction.

SME Growth

Six months of growth capital for an established business.

JaraFood — 3-month food supply

Three months of food for the family, paid straight to the vendor.

JaraSchool — school fees

School fees paid directly to the school, repaid over the term.

JaraHome — rent

Pay the year's rent upfront, repay monthly.

Asset Finance

Bikes, tricycles, solar, freezers and equipment through approved dealers. You put money down; the asset secures the rest.

Start with JaraTerm.

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