Is Vanir Capital a bank?

No. We are a financial institution with a growth path to becoming a player in the Fintech Industry. We operate with a money lending license and are currently one of the leading players in the money lending sector.

What services does Vanir Capital Offer?

Consumer and capital finance solutions

Is Vanir Capital Licensed

Vanir Capital LLC is a registered financial Institution with the CAC, and a licensed money lending company with the Ministry of Home Affairs, Nigeria.

Who is behind Vanir Capital?

Vanir Capital is run by finance and technology professionals with over 15 years finance and technology domain experience. You're rest assured your business dealings with the organization are in secured and safe hands.

Read More about the team

Loans, Pay Day Loan and Loan Repayment

What financing solutions are available?

  • Payday loans
  • LPO financing
  • Line of credit

What is a Payday loans and how do I apply?

Loans for salary earners, also known as Payday loans are short-term borrowings to be repaid upon receipt of your monthly salary. To apply for one, simply send an email to with your request and you would get a mail advising you of the next step to take.

What is LPO Financing?

This is a loan facility designed to provide short term financing to customers to pay their suppliers upfront for verified purchase orders.

What is a Line of Credit and how do I apply?

A line of credit is the maximum amount of credit that a financial institution makes available for a borrower to access. You can draw from the line of credit when you need it, up to the maximum amount.Vanir Capital currently offers business line of credits to organizations that need access to working capital.

To apply for one, simply send an email to with your request and you would get a mail advising you of the next step to take.

How do I apply for a loan?

Send an email requesting for loan to or call (+234)8180279270 for more information

How much can I borrow? For how long?

Maximum amount is N1,000,000 with a maximum duration of one year. However loan request above one million would require a collateral.

How long does it take to process a loan?

The loan process can be completed within 24 hours provided all documents are valid during the application process.

Why is my Bank Verification Number (BVN) required?

This is a CBN policy applicable to financial institutions as part of Know Your Customer (KYC) requirements.

I don't know my BVN. What do I do?

Dial *565*0# from your registered BVN phone number or visit any branch of your bank for assistance.

What are the required collaterals or documents for a loan
at Vanir Capital?

  1. A valid means of Identification (International Passport, Driver's License or National ID card)
  2. You will be required to fill Vanir Capital's "loan application form" (This can be provided upon request)
  3. Employee ID Card
  4. Salary account bank statement for the last Six (6) months and BVN
  5. NUBAN Cheques or Direct Debit Mandate
  6. Employment offer letter
  7. Verifiable utility bill (PHCN BILL)

Can I apply for a loan from any location?

Yes, you can. Kindly send an email to However, only Lagos based residents can currently have access to our loans.

Why was my loan application rejected?

This may happen if the information provided by you does not meet the minimum requirements to access a loan.

How do I repay my loan?

You can repay with cheques, a direct debit mandate or simply transfer the funds to Vanir Capital Limited's bank account details below:

Account number: 1015813603

How can I make an early repayment?

You can send an email to requesting for the outstanding amount on your loan. A response would be sent by our team providing the exact amount to be remitted and account details where payment should be made.

If I make an early repayment will I pay less or will there be a penalty?

There is no penalty for early repayment, interest rates are charged per cycle (monthly) hence the applicable interest rate for the month will be charged.

What happens if I am late on repayment?

The default penalty is 1% on instalment amount for each day of loan default.

Can I reschedule my loan repayment date?

Yes, you can change your repayment date, but charges will apply.

What happens if I don't pay back my loan?

If the default passes 30 days, more stringent measures may be applied which may include:

  1. Reporting defaulter to his/her employer
  2. Reporting defaulter to Credit Bureau

Can I have more than one loan at a time?

No, an existing loan must be completely paid out before applying for new loan.

Fees, Charges
and Taxes

Are there fees on loans?

There are no fees on the loans. However, the customer would bear the cost for any Credit Check conducted on them by Vanir Capital.

Are there fees on investments?

Yes, there are some fees on investments with Vanir Capital and these are listed below:

  1. MANAGEMENT FEE: (0.5% flat on total principal amount managed by Vanir Capital)
    This fee is the cost of having your portfolio professionally managed by Vanir Capital and collected annually by the end of the year or tenor - whichever comes first.

  2. STATUTORY TAX (With-Holding Tax): 5% on accrued interest monthly
    This is a mandatory charge fixed by government which is 5% flat of every income as directed by law, and will be deducted from your monthly interest and remitted to the FIRS (Federal Inland Revenue Service). A tax credit note is provided to all investors at the end of each year.

  3. PREMATURE LIQUIDATION FEE: 50% on accrued interest.
    The Pre-Liquidation charge is a penal charge implemented upon early liquidation (Part or Full) of investments. This charge is calculated and deducted before the requested investment principals or returns are paid.

Are there hidden charges?

There are no hidden charges on our loans. The rates are clearly stated in the offer letters sent to customers.

Are there tax obligations on loans or investments?

Our loans are not taxed; however, the investment returns have a charge of 5% flat which would be deducted from your monthly interest and remitted to the FIRS (Federal Inland Revenue Service).

Credit Bureau and
Credit Score

What is a credit bureau?

This is a company that collects information relating to the financial performance with regards to credit facilities of both individuals and corporate bodies and makes this available to banks and finance companies.

What is a credit score?

This is a number that relates to how likely you are to repay a debt. Banks and lenders use this to determine the risk level associated with approving loans for individuals or corporate bodies.

How does Vanir Capital Work with the credit bureau?

Vanir Capital collects and also gives data on the credit history of customers who to the Credit Bureau.

Security and

Can I trust Vanir Capital with my data?

When doing business with Vanir Capital your personal data and privacy is always secure and kept confidential as stated in our privacy policy agreement.

  1. Send a mail indicating interest to invest and request for the investment account opening package to or call +234 (0) 809 840 2308 for more information

  2. Fill the Investment form sent to you and submit to our office (Office address provided on contact page)

  3. You can also scan and email signed documents to us at

  4. After all forms have been received and approved, a transaction notice will be sent from a designated relationship manager indicating Vanir Capital's readiness to receive investment funds which will be paid into the organizations corporate account

Who has access to my data?

Vanir Capital never shares your personal details with third parties, unless for dedicated business purposes, such as reporting to credit bureaus.

Investments and

As an existing investor I would like to change my order, how do I
go about it?

  1. Send a mail requesting for a "Change Order" form to and (+234)8180279270

  2. Fill the change order form when provided; revert back specifying required changes to amount and tenor

  3. After all forms have been received and approved, an updated letter of investment will be provided to you

How much can I invest?

Qualifying investment amounts starts from ₦250,000 to ₦50,000,000.

How long can I invest for?

Currently, available investment tenors are 3, 6, 9 or 12 months. You can also re-invest after an investment has been paid out.

How is interest calculated?

Interest rates are calculated based on the applicable investment tenor. The longer the investment period, the higher your rates

Can I have more than one investment plan?

Yes. At any point in time, you can have several investment plans with us at Vanir Capital.

Can I top up an existing investment?

Yes. You can make additional investments on an existing plan via a "change order" request to Vanir Capital and the applicable rate would be implemented

Is there a fee to setup an investment account?

Not at all. It is absolutely Free to opt in and earn guaranteed interest on your investment, once you place the funds.

What is a maturity date?

This is the beautiful day when your investment has completed the agreed time period, and you receive your full principal and/or interest pay-out to your account.

How is my money protected?

Vanir Capital investments are protected through our comfort cheques, Internal processes and guidelines, fund provisioning, and external Insurance.

How do I monitor my investments?

With Vanir Capital, you have full visibility on how your investment is growing via monthly notifications on your current earnings and Vanir Capital's MPRs. The monthly statements provide the following information:

  • Balance: a sum of your current invested principal + any domiciled returns
  • Lifetime Returns: The total amount of returns you've earned since investing in Vanir capital
  • Current Returns: Returns earned during the concluded cycle
  • Projected Returns: The expected returns for future months

Can I Opt-out of the scheme at any time?

Yes. Ideally a one-month notice is required for a liquidation of investments, however, Vanir Capital is willing to liquidate investments on demand at an administrative fee.

How do I Opt-out?

Opting out is quite simple and require a one-month notice or payment of an early liquidation fee. To initiate an opt-out, follow the following these steps:

  • Send an email to
  • Title your email "Investment Liquidation Request
  • State the specifics of your liquidation request
  • State the investment Plan you would like to Liquidate
  • State the amount to be liquidated if not full liquidation
  • Specify account for funds transfer if different from account on file
  • Send request

Do I get a Certificate of Investment?

Yes. A Letter of Investment is provided, sealed and signed.