For many Nigerians, a familiar frustration plays out whenever urgent cash needs arise investors are often forced to sell quality shares sometimes at a loss just to cover or handle emergencies. Beyond the cost of missing future upside, the process of accessing secured loans has historically been slow and discouraging.
This is the gap VBank, and Anchoria Securities Limited are stepping in to solve with the launch of the Shares-Backed Loan, a secure overdraft facility that allows investors to access cash without liquidating their shares. Designed for Anchoria clients holding Nigerian Exchange Group (NGX) A-list shares. The facility is structured for ease, speed, and disciplined risk management.
With this product, customers can access overdrafts of up to ₦60 million for individuals and ₦300 million for corporates, with tenors of up to six months. Interest is set at 30% per annum with a 1% processing fee, and interest is charged only on the amount drawn down. The facility is secured by a lien on eligible shares, with a margin call and a stop-loss trigger at 140% to protect both bank and customer. Clients typically have 24 to 48 hours to respond to a margin call, creating a fair yet disciplined system for managing risk.
Customers may also choose to apply cash dividends toward monthly interest payments, making the facility even more investor friendly. Repayments follow a monthly interest with balloon principal structure, ensuring flexibility and predictability.
“This product meets customers where they are invested in quality shares but in need of swift liquidity,” said Yonodu Okeugo, General Manager- Business Banking and Partnerships. “As a CBN-licensed digital bank, we have built a lending product that is not only fast but also realistic.”
“Anchoria brings decades of brokerage experience to this partnership,” added Folagbade Adeyemi, Managing Director, Anchoria Securities Limited. “We provide the infrastructure to manage liens, dividends, and collateral efficiently, ensuring that customers remain invested while accessing the funds they need.”
What makes the Shares-Backed Loan particularly unique is its design. By leveraging VBank’s digital rails and Anchoria’s brokerage infrastructure, customers enjoy an API-driven origination and disbursement process. Funds are disbursed straight to a VBank wallet once collateral is verified, while Anchoria manages any required liquidation in stress scenarios. This collaborative workflow ensures smooth customer experience with strong back-end risk controls.
Currently, the facility is available exclusively to Anchoria clients, with Tier 1 shares listed on the Nigerian Exchange Group (NGX). Eligible customers can initiate the process directly through their Anchoria relationship managers, with full KYC/AML and credit assessments required.
The launch of the Shares-Backed Loan fulfills a larger purpose: making banking simpler, faster, and more aligned with how people live and invest today. For investors, it provides a smarter option, liquidity without compromise.
