---
title: "NeoCash: Loan App in Nigeria — Fees"
description: "Get unsecured loans in Lagos: ₦200k–₦25m, 61 days–1 year, 2.5–5%/month. No late or upfront fees. BNPL pays merchants in 24hrs (4.5%)."
canonical_url: "https://liners.com/neocash"
markdown_url: "https://liners.com/neocash.md"
type: "product"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/tools/neocash/screenshot.webp?v=1782483940152"
published_at: "2026-06-26T14:35:06.209Z"
updated_at: "2026-10-06T03:01:28.120Z"
---

# NeoCash: Loan App in Nigeria — Fees

Get unsecured loans in Lagos: ₦200k–₦25m, 61 days–1 year, 2.5–5%/month. No late or upfront fees. BNPL pays merchants in 24hrs (4.5%).

## Breadcrumbs

- [Fintech](/categories/fintech)
- [NeoCash](/neocash)

## Summary

Unsecured loans and BNPL for Lagos residents in minutes

A mobile lending app for Lagos salary earners, traders, and businesses offering unsecured loans up to ₦25,000,000 plus a merchant BNPL checkout that pays upfront.

## Product details

| Field | Value |
| --- | --- |
| Website | https://www.neocash.ng/ |
| Tagline | Unsecured loans and BNPL for Lagos residents in minutes |
| Primary country | Nigeria |
| Platforms | Android, iOS, Web |
| Average rating | 5 |
| Published reviews | 1 |
| Verified listing | Yes |

## About the product

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.
- **Merchant BNPL (“Pay Small Small”)** that lets customers pay in instalments while merchants receive **100% upfront**, settled to a bank account **within 24 hours** (website indicates a **4.5% merchant fee**).

Available on **Android and iOS**, with a web presence for product information.

Target users include **Lagos-based salary earners**, **self-employed traders and microbusiness owners**, and **merchants** that want an instalment-payments option at checkout.

It is notable in Nigeria’s lending market as a regulated product of a **Central Bank of Nigeria licensed** microfinance bank (Shepherd Trust MFB), with lending explicitly limited to **Lagos State residents**.

## Features

- [Fintech](/categories/fintech): Category
- [BNPL](/tags/bnpl): Product feature or technology
- [Lending and Loans](/tags/lending): Product feature or technology
- [Microfinance Bank](/tags/microfinance-bank): Product feature or technology
- [Mobile Money](/tags/mobile-money): Product feature or technology
- [Nigeria](/countries/nigeria): Market

## Related pages

- [Alternatives](/neocash/alternatives)
- [Reviews](/neocash/reviews)
- [Transparency](/neocash/transparency)

## Access and citation

- [Canonical HTML page](https://liners.com/neocash)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)