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Education / Study Loans
Loan Investment
Loans
APPLY FOR A LOAN

Apply for loan by clicking the Apply on our website, attach a handwritten letter of application stating the reason why you want the loan and the duration for which you want the loan, give details of the collateral you would like to use to secure the loan.

APPLY FOR LOAN
Loans
Loans
APPLY FOR A BUSINESS LOAN

Apply for loan by clicking the Apply on our website, attach a handwritten letter of application stating the reason why you want the loan and the duration for which you want the loan, give details of the collateral you would like to use to secure the loan.

APPLY FOR LOAN
Loans
Education / Study Loans
APPLY FOR EDUCATION / STUDY LOANS

Embrace the power of education and unlock your potential! Whether you’re seeking to broaden your horizons, enhance your skills, or embark on a new career journey, education and study programs offer the key. Seize the opportunity to learn, grow, and shape a better future for yourself and the world around you.

EDUCATION / STUDY LOANS
Education / Study Loans
Vacation Loan
APPLY FOR VACATION LOAN

Ready to turn your dream vacation into a reality? Don’t let financial barriers hold you back. With our vacation loan, explore the world on your terms! Seize the chance to create unforgettable memories, relax, and rejuvenate without worrying about the upfront costs. Apply now to unlock flexible financing options tailored to suit your needs.

VACATION LOAN
Vacation Loan
Loan Investment
APPLY FOR LOAN INVESTMENT

Apply for the loan investment by clicking the BUTTON below, attach a handwritten letter of your application stating the reason why you want to invest and how much you want to invest.

LOAN INVESTMENT
Loan Investment
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Our Mission

To provide affordable loan solutions without complexities.

Our Vision

To redefine loans and be the foremost small scale lending company in Nigeria.

About us

Sixth Penguin Limited is a licensed money lending company established in 2021, founded in Lagos Nigeria for the primary purpose of meeting the insatiable demand for cash for salary earners such as Public Servants, Civil Servants and Bankers who need loans for various reasons such as rent, school fees, medical bills etc. We also cater to the needs of students who desire an education loan to study abroad & holiday makers who desire a vacation loan for a leisure trip abroad.

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News & Articles

Learn more on loans and investment updates

Strategies for Cutting Down Risk in Business

In the world of business, risk is an ever-present factor that can either propel an enterprise to success or lead to its downfall. However, successful entrepreneurs understand that while risks
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Starting Your Business and Taking Loans in Nigeria

Starting a business can be both exhilarating and daunting, especially when considering financial aspects like loans. In Nigeria, where entrepreneurship thrives amidst economic challenges, navigating the landscape requires strategic planning
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Paying Back Loans

Taking out a loan can be a pivotal step in achieving personal or business goals. However, the true test lies in paying it back efficiently and responsibly. In this guide,
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Managing your Loans in Your Business Investment

Securing loans can be a crucial step in funding and growing your business. However, managing these loans effectively is equally important to ensure financial stability and success. In this article,
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Business Breakthroughs

Your Monthly Guide to Strategic Consulting Success

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contact us
  • address
  • No 2 Joel Ogunnaike Street. G.R.A Ikeja. Lagos State.
  • email
  • phone

For Public / Civil Servants & Bankers. Maximum Amount: Your Monthly Salary

Salary Earners Loan
  1. Salary Earners Estimated Amount Payable before Loan Tenure
    ₦     (Insurance + V.A.T + Retention)

  2. Estimated Amount Payable at the End of Loan Tenure Spread. ₦ (Loan + interest + Agreement fee + Application fee + Search)

  3. Estimated Amount Payable at the End of Loan Tenure Spread. ₦ (Loan + interest + Agreement fee + Application fee + Search + Remita Charges)

  4. Total Repayment Monthly plus Remita Charges ₦ 
₦
Months
1% of Loan Amount ₦

Interest Rate Breakdown

Total Repayment after 1st Month ₦
Total Repayment after 2nd Month ₦
Total Repayment after 3rd Month ₦
Total Repayment after 4th Month ₦
Total Repayment after 5th Month ₦
Total Repayment after 6th Month ₦

Interest:

Added to Loan Repayment Amount.

7.5% of Compound Interest ₦
7.5% of Agreement, Search & Form Fee:
Agreement Fee ₦
Retention Fee ₦
Form ₦
Search ₦
Upfront Payment ₦
Total
Repayment every month ₦
Remita charge 1.5% and 7.5% V.A.T) ₦
Total Repayment Monthly ₦

Remita charges are capped at ₦2,000 max.

Business Owners

Business Owners
  1. Business Owners, Estimated Amount Payable before Loan Tenure
    ₦     (Insurance + V.A.T + Retention)

  2. Estimated Amount Payable at the End of Loan Tenure Spread. ₦ (Compound interest + Agreement fee + Application fee + Search)

  3. Total Repayment Monthly plus Remita Charges ₦ 
₦
Months
1% of Loan Amount ₦

Interest Rate Breakdown

Total Repayment after 1st Month ₦
Total Repayment after 2nd Month ₦
Total Repayment after 3rd Month ₦
Total Repayment after 4th Month ₦
Total Repayment after 5th Month ₦
Total Repayment after 6th Month ₦

Compound Interest
Compound Interest
Compound Interest
Compound Interest
Compound Interest
Compound Interest

Compound Interest:

Added to Loan Repayment Amount.

7.5% of Compound Interest ₦
7.5% of Agreement, Search & Form Fee:
Agreement Fee ₦
Retention Fee ₦
Form ₦
Search ₦
Upfront Payment ₦
Total
Repayment every month ₦
Remita charge 1.5% and 7.5% V.A.T) ₦
Total Repayment Monthly ₦

Remita charges are capped at ₦2,000 max.

For Education and Study Programs

Calculator for Education Loan
  1. Education Loan Estimated Amount Payable before Loan Tenure
    ₦     (Insurance + V.A.T + Retention)

  2. Estimated Amount Payable at the End of Loan Tenure Spread. ₦ (Compound interest + Agreement fee + Application fee + Search)

  3. Total Repayment Monthly plus Remita Charges ₦ 
₦
Months
1% of Loan Amount ₦

Interest Rate Breakdown

Total Repayment after 1st Month ₦
Total Repayment after 2nd Month ₦
Total Repayment after 3rd Month ₦
Total Repayment after 4th Month ₦
Total Repayment after 5th Month ₦
Total Repayment after 6th Month ₦

Compound Interest
Compound Interest
Compound Interest
Compound Interest
Compound Interest
Compound Interest

Compound Interest:

Added to Loan Repayment Amount.

7.5% of Compound Interest ₦
7.5% of Agreement, Search & Form Fee:
Agreement Fee ₦
Retention Fee ₦
Form ₦
Search ₦
Upfront Payment ₦
Total
Repayment every month ₦
Remita charge 1.5% and 7.5% V.A.T) ₦
Total Repayment Monthly ₦

Remita charges are capped at ₦2,000 max.

For Vacation Loans

Calculator for Vacation Loan
  1. Vacation Loan Estimated Amount Payable before Loan Tenure
    ₦     (Insurance + V.A.T + Retention)

  2. Estimated Amount Payable at the End of Loan Tenure Spread. ₦ (Compound interest + Agreement fee + Application fee + Search)

  3. Total Repayment Monthly plus Remita Charges ₦ 
₦
Months
1% of Loan Amount ₦

Interest Rate Breakdown

Total Repayment after 1st Month ₦
Total Repayment after 2nd Month ₦
Total Repayment after 3rd Month ₦
Total Repayment after 4th Month ₦
Total Repayment after 5th Month ₦
Total Repayment after 6th Month ₦

Compound Interest
Compound Interest
Compound Interest
Compound Interest
Compound Interest
Compound Interest

Compound Interest:

Added to Loan Repayment Amount.

7.5% of Compound Interest ₦
7.5% of Agreement, Search & Form Fee:
Agreement Fee ₦
Retention Fee ₦
Form ₦
Search ₦
Upfront Payment ₦
Total
Repayment every month ₦
Remita charge 1.5% and 7.5% V.A.T) ₦
Total Repayment Monthly ₦

Remita charges are capped at ₦2,000 max.