Personal Loans in Uyo and Port Harcourt
Sometimes the money is coming—it simply hasn't arrived yet. School fees fall due before salary. A medical bill arrives without warning. Rent is demanded annually while income arrives monthly. A personal loan exists to close that gap without forcing you to sell something you would rather keep.
Swaco Nigeria Limited has been lending in Nigeria since 1994. We are a licensed money lender regulated by the Akwa Ibom and Rivers State Governments under the State Money Lending Licence, and we work from offices you can walk into in Uyo and Port Harcourt.
What a Swaco Personal Loan Can Be Used For
We do not restrict what you spend the money on, but the most common reasons our clients borrow are:
- School and university fees
- Medical treatment and emergencies
- Annual rent, where income arrives monthly
- Purchasing a vehicle, equipment or land
- Injecting working capital into a small business
- Consolidating more expensive debt into one manageable repayment
All Swaco Loans Are Secured
Every facility we issue is backed by collateral. We are direct about this because it shapes everything else: security is what allows us to lend at reasonable rates, decide quickly, and avoid the punitive charges that unsecured lenders rely on to cover their risk.
We accept a broad range of assets, which means you do not need landed property to qualify:
- Landed property
- Vehicles
- Gold assets
- Generators, refrigerators and televisions
- Mobile phones, laptops and tablets
- Game consoles
Our credit team confirms suitability and value during assessment. If you are unsure whether what you own qualifies, call us before you start the application — it takes two minutes to find out.
Who Can Apply
- Residents of Uyo or Port Harcourt
- Aged 18 or above
- A verifiable source of income — salary, business income, or other regular earnings
- A valid means of identification
- Acceptable collateral
Self-employed applicants are welcome. You do not need a payslip. Consistent business records or bank statements showing regular income are sufficient, alongside acceptable collateral.
What You Will Need
Having these ready before you apply is the single biggest factor in how quickly you get a decision:
- A valid means of identification — NIN, driver's licence, voter's card or international passport
- Proof of address
- Proof of income — payslip, bank statement or business records
- Collateral documentation
- A recent passport-sized photograph
Depending on the facility, we may request additional documents. We will tell you everything we need at the outset rather than asking for more halfway through.
How Much You Can Borrow
The amount we can offer depends on your income, your repayment capacity, the value of the collateral you provide, and our credit team's assessment. We structure amounts deliberately so that monthly repayments remain manageable — lending someone more than they can comfortably repay serves nobody.
Rates, Charges and Repayment
Rates and tenures vary with the amount borrowed, the duration, your risk profile and your repayment capacity. Before any loan is approved, you receive a clear written breakdown of the applicable interest rate, the full repayment schedule and every fee that applies.
There are no hidden charges. Nothing is introduced after you have signed. If a cost is not in the offer you accepted, it does not exist.
You may repay early. Speak with our team about accelerated repayment and any applicable terms.
If You Anticipate a Missed Repayment
Tell us as early as you can. Circumstances change, and we would far rather restructure a repayment than pursue a client who has stopped answering the phone. Where it is possible, we work with clients to find a realistic arrangement — but only if we hear from you.
How to Apply
- Talk to us first. Call, message us on WhatsApp, or walk into either office. A short conversation confirms whether your collateral qualifies and what you will need.
- Submit your application and documents, online or in person.
- We assess your application and value the collateral. Our credit team reviews every application individually.
- You receive a decision. Once documentation is complete and the collateral has been evaluated, a decision is typically communicated within a few business days.
- Funds are disbursed on completion of documentation.
Running a business instead?
See our LPO financing for your business.
Why Borrowers Choose Swaco
- Lending in Nigeria since 1994. Swaco Nigeria Limited was incorporated on 6 April 1994 and has lent continuously for over three decades.
- Licensed and regulated. RC 219583. We hold State Money Lending Licenses issued by the Akwa Ibom and Rivers State Governments.
- Two offices you can walk into. Uyo and Port Harcourt.
- No hidden charges. All applicable fees are disclosed before you accept an offer.
- Terms built around your income. Repayment is set against what you earn and when you earn it.
Frequently Asked Questions
Answers to what people most often ask before applying.
Still have a question?
Speak with a loan officer — it takes a few minutes.
The information on this page is general in nature and does not constitute personalised financial advice. Terms, rates and eligibility are confirmed in writing before any facility is approved.
Ready to apply?
Speak with a loan officer before you start — it takes a few minutes and saves a great deal of time.