Avodah Loan Services
Avodah Finance provides easy-access loan facilities to individuals, businesses, and churches who meet the eligibility requirements. Whether you need capital for business expansion, personal projects, or church development, we have the right package to suit your needs.
Loan Tenor (Duration)
Loan duration is 1 to 6 months
First-time customers are limited to a maximum of ₦5,000,000
Upon full repayment, customers become eligible for an additional 20% threshold increase on their subsequent loan. (Terms and Conditions apply)
Interest Rate: 4% monthly (calculated on the reducing balance)
Minimum Loan Amount: ₦50,000
Loan Application Requirements
To apply for a loan, applicants must provide the following:
- Application Form: Non-refundable processing fee of ₦2,500
- Bank Statement: Last six (6) months statement of account
- Valid Means of Identification: NIN, Driver’s License, International Passport, or Voter’s Card
- BVN: For identity verification
- Two Guarantors: One must be a minister of faith (Pastor) Both must provide valid means of identification
- Utility Bill: (NEPA/PHCN receipt) as proof of address
- Collateral & Proof of Ownership: Such as land, business assets, or vehicle documents
Special Loan Category – Church Loan Facility
Avodah Finance recognizes the unique needs of faith-based organizations. Churches can access dedicated loan packages to support building projects, equipment acquisition, and other operational expenses.
- Maximum Loan Amount: ₦50,000,000
- Interest Rate: 4% monthly
- Statement of church account
- Collateral and proof of ownership
- A senior pastor or higher clergy must stand as guarantor