Richway Microfinance Bank launches rapid credit on Remita

Richway Microfinance Bank, a leading microfinance bank in Nigeria, has launched its digital loan product named “Richway Quick Credit”, an online loan product designed to meet the urgent financial needs of salaried customers.

The new product allows all employees whose salaries are processed by Remita to apply for loans of up to 2.5 million naira and repay over a period of 6 months at very competitive and affordable interest rates without having to need warranty or unnecessary documentation.

Commenting on the product, Managing Director and Chief Executive Officer of Richway Microfinance Bank, Mr. Adenrele Oni, said the product is committed to empowering its customers to finance their urgent financial needs through reliable, simple solutions. and intelligent, within 10 minutes.

“At Richway, we are committed to helping individuals achieve their personal financial goals through financial intermediation and that is why our offerings are designed to conveniently meet the financial needs of our customers,” Oni said.

He further postulated that Richway Quick Credit is one of his new products tailored to the needs of all employees on Remita salary payments.

“The product is simple and more affordable than many other loan products on the market. As long as your wages are paid through Remita, simply log on to our website: and complete the online form. Richway Quick Credit does not require any collateral or ask for any cumbersome documentation,” he added.

Richway Digital Loan Product Manager, Ms. Tosin Temiye, said at the product launch, “All our customers need to apply for Richway Quick Credit by visiting our website:, click on the pop-up , complete the application form and receive their fund within 10 minutes, if eligible.

The microfinance bank added that it has continued to lead the way in offering unique, customer-focused services through investments and lending products accessible through physical and digital channels.

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