Prodigy Pay
A flexible payment solution that allows seamless transactions, bill payments, and funds transfers within and outside the Prodigy ecosystem. Available on mobile and internet banking platforms.
// Prodigy Products
Everything your money needs, in one bank.
Founded in 2023, Prodigy Microfinance Bank offers a full range of loans, savings, payments and accounts: fair, affordable and built for Nigerian businesses and individuals.
// Payments
Payments & transfers
Move money and settle bills seamlessly, within and beyond the Prodigy ecosystem.
Prodigy Easy Pay
A simple and secure payment system designed for easy and quick transactions, making everyday banking hassle-free.
Prodigy POS Terminals
LagosAccept card payments in-store with a Prodigy POS terminal - fast settlement, instant alerts and reliable support. Open to new and existing customers, available to Lagos businesses.
Request now →// Loans & credit
Loans & credit
Fast, flexible financing for businesses and individuals across Nigeria.
Prodigy Business Loans
Up to ₦10mEmpower your business with our tailored loan products, offering up to ₦10,000,000 with flexible repayment options, designed to support micro and SMEs in achieving their business goals.
Prodigy LPO Financing
Access funding for your Local Purchase Orders (LPOs) with our LPO Financing, designed to provide businesses with the liquidity they need to fulfil contractual obligations.
Prodigy Salary Advance
Up to 12 monthsGet an advance on your salary to cover unexpected expenses. Quick approval process and flexible repayment options up to 12 months.
Prodigy Travel Loans
Up to ₦3mPlan your dream vacation with our Travel Loans, offering up to ₦3,000,000 to cover travel expenses. Flexible repayment terms available to make your travel plans a reality.
Prodigy Back to School
Up to ₦2mEnsure your children’s education is uninterrupted with our school fees advance loans, offering up to ₦2,000,000 with refinancing options and a tenor of up to 90 days.
Prodigy Overdraft
Maintain financial flexibility with our overdraft facility, allowing you to access funds when you need them the most, directly linked to your Prodigy Current Account.
Prodigy Assets Acquisition Scheme
Easily acquire assets for personal or business use with our structured financing options, designed to make asset ownership within your reach.
Prodigy Loan Products
The specifics of our core lending facilities - amounts, tenors and how to qualify.
Instant Credit Line (Secured Overdraft)
- ✓Amount: Up to ₦5,000,000 linked to your Prodigy Business Account.
- ✓Secured by Target Savings and/or Fixed Deposit.
- ✓Available within hours of application.
Micro & SME Loans
- ✓Amount: ₦50,000 – ₦10,000,000
- ✓Repayment: Up to 12 months
- ✓Fast and simple process
- ✓Loan Calculator available for repayment estimates.
Salary Advance Loan
- ✓Repayment: Up to 12 months
- ✓Fast and simple process
Requirements✓Staff ID Card and government-issued ID. ✓Three months’ pay slips. ✓Completed Application Form. ✓BVN and NIN.
// Savings
Savings
Grow your money with disciplined savings plans and competitive interest rates.
Prodigy Ajo Savings
A group savings platform that empowers you to save collectively with friends, family, or colleagues, fostering financial discipline and community support.
Prodigy Future Target Savings
Achieve your financial goals with our Future Target Savings account, offering attractive interest rates for disciplined savings.
Prodigy Target Savings Account
Up to 12% p.a.Accelerate your savings goals with our Target Savings Account, offering up to 12% p.a. in interest rates.
Target Savings Silver
- ✓Minimum Opening Amount: ₦100,000
- ✓Monthly Savings: ₦10,000 – ₦25,000
- ✓No withdrawals in the first 6 months
- ✓Minimum Savings Period: 12 months
- ✓Interest Rate: 6%
Target Savings Gold
- ✓Minimum Opening Amount: ₦250,000
- ✓Monthly Savings: ₦25,001 – ₦100,000
- ✓No withdrawals in the first 6 months
- ✓Minimum Savings Period: 12 months
- ✓Interest Rate: 8%
Target Savings Diamond
- ✓Minimum Opening Amount: ₦1,000,000
- ✓Monthly Savings: ₦100,001 – ₦500,000
- ✓No withdrawals in the first 6 months
- ✓Minimum Savings Period: 12 months
- ✓Interest Rate: Up to 10%
High Yield Target Savings Account
- ✓Minimum initial deposit: ₦2,000,000
- ✓Minimum Monthly Savings: Above ₦500,000
- ✓Flexibility to increase deposit amount at any time
- ✓No withdrawals in the first 6 months
- ✓Minimum Savings Period: 12 months
- ✓Interest Rate: Up to 10%
Prodigy Fixed Deposit Account
From ₦500,000Maximise returns on bulk earnings with our Fixed Deposit Account, featuring competitive and negotiable interest rates.
Features
- ✓Minimum Amount: ₦500,000
- ✓Minimum Tenor: 90 days
- ✓Negotiable rates based on amount and tenor.
- ✓Can be used as collateral for instant loans or to guarantee loans for others.
// Accounts
Bank accounts
Everyday accounts built for individuals and businesses, with full digital access.
Prodigy Current Account
The Prodigy Current Account is designed for seamless banking transactions, providing access to mobile and internet banking.
Target market
- ✓Individuals and businesses with verified monthly income.
- ✓Businesses with a turnover of at least ₦100,000.
Features
- ✓Chequebook.
- ✓Debit cards.
- ✓Internet and mobile banking access.
- ✓Access to loans and overdrafts.
- ✓Minimum opening balance: ₦10,000.
- ✓No minimum balance requirement.
Prodigy Savings Account
Our Regular Savings Account offers interest on minimal transaction volumes, tailored for both businesses and individuals.
Features
- ✓Interest rate of up to 4% with a maximum of two withdrawals per month.
- ✓Debit card with access to ATMs and POS terminals nationwide.
- ✓Mobile, internet, and USSD banking access.
- ✓Transaction notifications via text and email, including electronic statements.
- ✓Minimum opening balance: ₦2,000.
- ✓Minimum account balance: ₦500.
- ✓No account maintenance charge, but a monthly fee of ₦100 applies.
Not sure which product fits?
Tell us your goal and our team will point you to the right loan, savings plan or account.