Financing
Stock financing for dealers in Nigeria
Need money to restock, bridge a slow month or grow your shop? Dealers on Dealrs can request financing from the Dealer Hub or the Dealrs app. We review each request using your activity on Dealrs, then call you to talk it through.
- ₦10,000 to ₦100,000,000
- Repay over 1 to 12 months
- A call from our team
Your loan request
Sent 14 Sep
₦500,000
- For
- Buy stock
- Pay back over
- 3 months
- Sent (done)
- In review (current step)
- Decision
We may call you to talk about your request.
Withdraw requestWhat it's for
Money for the stock and shop you already run
Pick what the money is for when you send your request. If it's none of these, choose “Something else” and tell us in a line.
Buy stock
Restock fast-moving phones and laptops before a busy season, or take a bulk offer from a supplier before the price moves.
Working capital
Cover the gap between paying your supplier and getting paid by your customers.
Expand your shop
Take a second stall, open a branch in another market or fit out a bigger space.
Equipment
Buy the tools your business runs on: repair equipment, display cases, a laptop for the shop.
Who can apply
Financing requests are open to dealer (seller) accounts. Today that means dealers who sell phones, laptops, accessories or other electronics, or run a repair business: the categories live on Dealrs. What matters most is your track record on Dealrs, so dealers who have verified and have been recording their trade in the Dealer Hub give us more to go on.
Plan your request
Amounts and repayment
The Dealer Hub asks three things: how much, what for and how long to pay back. Try them here to see what you'd send.
- Smallest request
- ₦10,000
- Largest request
- ₦100,000,000
- Repayment periods
- 1 · 3 · 6 · 12
- Open requests
- 1
We don't publish interest rates or fees on this website, and we don't promise approval. If your request moves forward, we explain the terms, including any costs and the repayment schedule, before you agree to anything.
What you'd send
You'd request ₦500,000 to buy stock, paid back over 3 months.
This isn't a quote or an offer, and nothing is sent from this page. If your request moves forward, we explain the terms, including any costs and the repayment schedule, before you agree to anything.
Continue in the Dealer HubHow it works
From request to decision
Open Financing
In the Dealer Hub at my.dealrs.io, or in the Dealrs app.
Tell us what you need
The amount (₦10,000 to ₦100,000,000), what it's for and whether you'll pay back over 1, 3, 6 or 12 months. You can add a rough monthly sales figure and the phone number we should call.
We review and call you
Your request shows as Sent, then In review. We look at your Dealrs activity and call you to talk it through.
You get a decision
We aim to decide within a few working days. Every request is reviewed on its own merits, so approval isn't guaranteed.
What each status means
As you'll see it in the Hub and the app.
- Sent
We've received your request with the details you gave us.
- In review
We look at your Dealrs activity and call you on the number you gave us.
- ApprovedorNot approved
We tell you the outcome. If it's a yes, we explain the terms before you agree to anything.
- Withdrawn
You withdrew the request while it was open. You can send a new one afterwards.
- We aim to decide within a few working days
- One open request at a time
- Withdraw it while it's Sent or In review
- Sending a request doesn't commit you to anything
How we review
What Dealrs looks at
We don't decide on a form alone. We look at how you actually trade on Dealrs, and then we talk to you.
Your Dealrs activity
- VerificationWhether your identity and your store are verified.
- Invoices recordedThe sales you record as invoices in the Dealer Hub.
- StockThe inventory you keep in the Dealer Hub.
- ListingsYour sell listings on the marketplace.
- Time on DealrsHow long you've been trading on Dealrs.
When you send a request, you agree that Dealrs can use your Dealrs sales, stock and verification details to assess it.
How to strengthen your request
None of these guarantee approval, but each one gives us a clearer picture of your business, and they make your shop easier to run anyway.
Verify your identity and store
Complete identity verification and, if you can, store verification. How it works.
Record your sales as invoices
Invoices in the Dealer Hub are a record of real trade. A few months of them says more than any form can.
Keep your stock up to date
An inventory that matches your shelves shows you know your business.
Keep your listings current
Active, accurate listings show you're trading. Remove items you no longer have.
Where to request
In the Dealer Hub or the Dealrs app
Same request, same review. Use whichever you have open, and follow your requests in either.
Dealer Hub
Sign in at my.dealrs.io and choose Financing. Your past requests are listed under “Your requests” on the same page, with their status.
Dealrs app
Open Financing from your home screen or from Settings. Your requests and their status show on the same screen. The app is coming soon to the App Store and Google Play.
What the form asks
It takes about two minutes.
- Amount₦10,000 to ₦100,000,000
- What it's forBuy stock, working capital, expand my shop, equipment or something else
- A bit more detailOptional, unless you choose something else
- How long to pay back1, 3, 6 or 12 months
- Monthly sales estimateOptional
- A phone number we can callUsed only for this request
Can I get stock financing or a loan for my business?
Dealers with a Dealrs dealer account can request financing from ₦10,000 to ₦100,000,000 to buy stock, for working capital, to expand a shop or for equipment, with repayment over 1, 3, 6 or 12 months. We review each request using your Dealrs activity and call you. You can have one open request at a time, and we aim to decide within a few working days.
Who can apply for financing?
Financing requests are open to dealer accounts on Dealrs. You apply from the Dealer Hub (Financing) or the Dealrs app. Buyers without a dealer account can't apply.
What does Dealrs look at when reviewing a request?
We look at your activity on Dealrs: whether you and your store are verified, the invoices you've recorded, your stock, your listings and how long you've been on Dealrs. Then we call you to talk through the request.
What interest rate do you charge?
We don't publish rates on this website. If your request moves forward, we'll explain the terms, including any costs and the repayment schedule, before you agree to anything.
How long does a decision take?
We aim to decide within a few working days. Your request shows as Sent, then In review, then a decision. Every request is reviewed on its own merits, so approval isn't guaranteed.
Can I send more than one financing request?
You can have one open request at a time. Once there's a decision on it, or if you withdraw it, you can send another.
Can I withdraw a financing request?
Yes. While your request shows as Sent or In review, you can withdraw it from Financing in the Dealer Hub or the Dealrs app. We stop reviewing it, and you can send a new request afterwards.
Does sending a request commit me to a loan?
No. Sending a request doesn't commit you to anything. If your request moves forward, we'll explain the terms, including any costs and the repayment schedule, before you agree to anything.
Where can I see my past financing requests?
On the Financing page in the Dealer Hub or the Dealrs app. Your requests are listed with the amount, what it was for, the repayment period, the date and the status: Sent, In review, Approved, Not approved or Withdrawn.
Apply
Ready to restock? Send a request.
Sign in to the Dealer Hub and open Financing. No dealer account yet? Get the Dealrs app to sign up, verify your store and start recording your trade.