Yes, if you have an LPO from a multinational or a company listed on Nigeria stock exchange and you have a good financial and credit history.

We have variable interest rates depending on the company issuing the LPO

No. You need to get the company issuing the LPO to sign an MOU with us and you need to register our unique bank account as the payment account with the company. However, if you’d prefer to issue collateral you can contact us at [email protected]

Up to 30 Million if Obtainly has an MOU with the company issuing the LPO
Up to 5 Million if there is no MOU with the company issuing the LPO
Click here for more information on an MOU client

Funding tenures are as follows: 1 week, 2 weeks, 3 weeks, 1 month, 2 months and 3 months.
Click here to see interest rates for each tenure

There are two ways to make repayment:

1. Your client makes payment into the virtual bank account provided for you on or before the due date.
2. You make payment into the virtual bank account provided for you on or before the due date.

Obtainly virtual accounts are used to disburse funds to a vendor. They are also used to receive repayments.The virtual account is directly connected to your regular bank account (e.g First bank, Zenith, e.t.c.). This means that any amount of money paid into the virtual account would automatically flow into your regular bank account. However, if you already have a due funding, when you or your client pays into the virtual account, the amount owed would be deducted,then whatever you have left would flow into your account.

To complete your profile, you need the following documents:

1. CAC Documents ( Certificate, Form CAC2/CAC7, Status report, Memorandum)
2. Identification card of applicant (Driver’s license, NIN, international passport or voter’s card)
3. Utility Bill not more than 3 months old.
4. BVN of applicant.
5. Passport photograph of applicant.
6. Bank statement for the past 6 months (emailed to [email protected] from your bank)

To request Funding, you need the following documents.

1. Current LPO
2. Previous LPO you have executed in the past for the same client.

An MOU client is a client that has signed a memorandum of understanding with Obtainly. This means that your client has officially agreed to make payment when due into the virtual account created for you by Obtainly. Funding in this case would be provided at lower interest rates.

Your client can be your guarantor by signing an MOU with Obtainly, agreeing to be your guarantor.

A member of the Obtainly team would contact your client to verify the LPO and the account number you have registered with your client. This is compulsory for funds to be disbursed.

After a funding request has been approved, Obtainly releases funds to you via the virtual bank account. The funds then immediately flow into the bank account you provided. Click here to read more about how the virtual account works

If the vendor or his client pays back before the due date, the vendor would receive early payment cash back. This means that a calculated amount of the owed interest would be given back to the vendor for making payment early.

If neither the vendor nor her client payback after the due date, additional charges would be charged for everyday the payment is late. The additional charges are higher than the applicable interest rate on a daily basis.

If partial payment is made on or after the due date, additional charges would apply to the remaining amount of money that is still due. If partial payment happens before the due date, There would be no reduction or addition to the total amount owed.

If you do not have active funding when the money is paid into your virtual bank account, then, the money would flow right out to your payout bank account immediately. However, if you have received funding from Obtainly and someone else pays into your virtual account before the due date for that funding, then, you can decide to use that money to pay off your debt or have it withdrawn to your payout bank account via the app. You can also contact your Obtainly account manager to get it done.