NeoCash

NeoCash is a Nigerian digital lending app from Shepherd Trust Microfinance Bank that provides unsecured loans to salary earners and business owners in Lagos State, plus a buy-now-pay-later option for merchants.

Key capabilities include:

• Personal and business loans from ₦200,000 to ₦25,000,000, with an application that takes about 5 minutes and disbursement after approval.
• Transparent loan terms with 61 days to 1 year tenors, no late fees, and no upfront charges.
• Risk-based pricing with advertised interest rates of 2.5% to 5% per month, based on assessment.
• Minimal documentation and verification that typically uses a bank statement, plus proof of employment/salary for salary earners or evidence a business is running for traders and microbusinesses.
• that lets customers pay in instalments while merchants receive , settled to a bank account (website indicates a ).