Turbo Finance is a registered trademark of Turbo Microfinance Bank, a CBN‑licensed institution insured by the NDIC.
Instant credit. Minimal Collateral needed.
Whether it’s an unexpected health emergency, a big life milestone, or sorting an urgent need before salary is paid. Turbo Finance provides instant and flexible loan options tailored to your needs.
Why Choose Turbo Loans?
Our Loan Products
Choose Your Loan. Map Your Repayment.
Nano Loan
What is it?
Quick cash for tight timelines. Designed to beat unexpected emergencies or cover immediate personal needs with zero hassle. Approved purely on your app history and verified identity.
- Maximum Amount: Up to ₦20,000
- Tenor: 1 Month
- Documentation Required: None. No pay slips, no bank statements, no collateral required.
How It Works
Simple 4-Step Application
Select Your Perfect Match
Choose what suits you best, between the Nano, Salary Advance, or Personal Loan tiers based on your current needs.
Verify Your Profile
Confirm your identity and upload the relevant documents requested for your chosen product.
Review the Information
View the shared repayment structure, that transparently shares the interest calculations, and automated deduction dates via your app dashboard.
Instant Credit
Accept terms with a secure biometric verification (FaceID or Fingerprint) and get your funds disbursed to your wallet in real-time.
The Mobile Experience Advantage
Take Your Command Center Everywhere.
The complete Turbo Finance experience lives in your pocket. While our web platform outlines your options, downloading our mobile application gives you access to real-time account management.
Want a couple of reasons why?
Watch Your Limit Grow
You don’t need a massive salary to unlock bigger loans. Watch your credit limit grow dynamically as you fund your account, pay for your home utilities, or lock in your savings.
No Surprise Deductions
Get a friendly heads-up text before your loan repayment is due. No sudden disappearances from your account; you’re always in total control of your money.
One-Tap Re-borrowing
Once a loan tier is successfully cleared, your limit refreshes immediately. If you need to re-borrow, it takes just one tap.
Business & Personal, Separated
Seamlessly switch between Personal Banking and Business Banking interfaces within a single mobile application.
Instant Downloadable Receipts
Generate instant downloadable transaction receipts and utility tokens for compliance and sharing.
Frequently Asked Questions (FAQs)
Is the Salary Advance open to both Government and Private employees?
Yes. Whether you work for a Ministry or a growing startup, Turbo Finance has you covered. Here is the quick breakdown of what you’ll need to have ready:
Requirement | Public Sector | Private Sector (SMEs/Startups) |
Recent Payslips | ✅ (Last 1–2 months) | ✅ (Last 1–2 months) |
Employment Letter | Not required | ✅ Required |
Repayment Set-up | Automatic | ✅ Standing Order Required |
Guarantor | Not required | ✅ Required |
How does the Automated Repayment system work? Will I need to manually pay back my loan every month?
No, everything is automated for your peace of mind. We automate the repayments, so you never have to stress about missing a due date. How it works depends on your employment type:
- Public Sector (Government Employees): Turbo Finance partners directly with your government payroll office to ensure your repayments are neatly deducted before your salary hits your account. This official partnership means public sector workers are instantly pre-approved and don’t need to upload extra documents.
- Private Sector (Companies & Startups): During your quick app setup, you’ll simply authorise a Standing Order on your salary account. On your designated payday, the exact repayment amount is automatically transferred to clear your balance; no manual transfers are required.
How can I get a higher loan limit?
The best way to grow your limit is to use the app for your daily lifestyle. Paying your electricity tokens via Turbo, maintaining a small balance in your Turbo Flex savings, and repaying your smaller “Nano Loans” on time are the fastest ways to prove you’re a reliable borrower and unlock that 400% salary limit.
Does applying for a loan affect my credit report with other banks?
We use a mix of our own internal scoring and official credit bureaus. Responsibly taking and repaying a Turbo loan actually helps your financial reputation, making it easier for you to access even larger credit facilities in the future.
Can I have two loans running at the same time?
To keep your finances healthy, we usually allow one active loan per category. However, as your trust score grows, you may become eligible for “Top-Up” options where you can add to your existing loan without needing to clear it first.
What if my salary is delayed and my account is empty on repayment day?
We know that sometimes payroll dates shift. If you anticipate a delay, please reach out to our Support Hub at least 48 hours before your due date. Communication is key; staying in touch helps us protect your credit score from being flagged for a “missed” payment.
Can I pay back my loan earlier than the due date?
Yes, and we encourage it. When you pay early, your money goes directly toward clearing your remaining principal. This stops any further interest from building up, effectively lowering the total cost of your loan. In fact, clearing your loan early is one of the fastest ways to boost your limit for your next application.
Is my data safe when I upload my payslip or ID?
Absolutely. Turbo Finance uses bank-grade encryption to protect your documents. We are a CBN-licensed and NDIC-insured institution, meaning we adhere to the strictest data privacy laws in Nigeria. Your information is never shared with third parties without your explicit consent.
Maximize Your Money on the Turbo Ecosystem
Business Loans
Stop funding Your business with your salary. Access credit lines tailored to your turnover. Whether you need to restock inventory or grab new equipment, get the capital you need to grow without touching your personal money.
Turbo Flex Savings
Don’t just spend; grow while spending. Move the extra cash you are not using into your Flex wallet for daily interest accumulation with unconditional 24/7 withdrawal access.
Turbo Lock
Got a wedding, a car, or school fees coming up? Move that money into a Turbo Lock account. It keeps your hands off your ‘future cash’ while earning you the highest interest rates in the app.
All-under-one Bill Payments
Why move money between different platforms just to buy tokens or data? With Turbo, your bill payments live exactly where your money is, plus you get a 1% instant cashback on every single token purchase.
