Who owns the equipment once lease payments are complete?

You do. Nelgro operates a true lease-to-own model. Once your final monthly installment is settled, full legal ownership and title of the equipment transfer directly to your business with a formal Certificate of Ownership.

What collateral or security is required to qualify?

No landed property or cash collateral is required. Traditional Nigerian banks demand Certificates of Occupancy (C of O) or hefty bank deposits. With Nelgro, the leased equipment itself serves as security. You only provide your NIN, BVN, utility bill, and two verified guarantors.

Can I request equipment that is not in the public catalogue?

Yes. If you need a specific machine, vehicle, or generator from an approved distributor, click "Request equipment". Submit the equipment name and supplier price, and our procurement team will review and finance it for you.

How fast is the verification and delivery process?

Approval and delivery typically take 48 to 72 hours. Once your online dossier is submitted, a Nelgro field officer visits your business premises for verification. After approval and your 10% down payment, NelPay pays the vendor directly.

Can I pay off my lease early?

Yes. You can settle your remaining balance early at any point with zero penalty fees, taking immediate full ownership of your equipment.

Equipment leasing for Nigerian businesses

Get the equipment now. Pay for it as it earns.

Lease processing machines, generators, workshop tools and vehicles with fixed monthly payments over 6 to 24 months. No land collateral, no hidden deductions — pay the 10% down payment and put your asset to work.

Apply for equipment Calculate your payment

Down Payment

Just 10% upfront

Collateral

Equipment itself

Verification

48hr field visit

Fashion & TailoringYaba, Lagos

Industrial Sewing Machine

₦112,500/ mo (6 months)

1/4

Repayment terms: 6 – 24 months
Down payment: 10% of package
Pricing: Fixed, shown upfront
Paperwork: Signed 100% online

Targeted SME Financing

Explore equipment designed for your trade

View all 20+ assets

From application to delivery in five steps.

Every lease is reviewed by a person and backed by a signed legal agreement.

01
Choose your equipment
Create an account, pick an asset from the approved catalogue and choose a repayment term that fits your cash flow.
02
Pay fee or claim member waiver
Pay the ₦5,000 application fee securely, or apply for free if you have a verified Association ID or Triple E ID.
03
Verify your identity
Submit your NIN, BVN and a recent utility bill. Your two guarantors get a secure link to confirm their details.
04
Review & inspection
Our credit team reviews your application and a field officer visits your business address before final sign-off.
05
Sign & receive
Sign the lease and direct-debit mandate online, pay the 10% down payment through NelPay, and we pay the vendor.

20 approved assets