Earn 28% Per Annum With NextPayDay Loan Notes
Some opportunities deserve a second look. This one is asking for one.
Last year, we brought the first NextPayDay Loan Note to AssetBase. It filled. The investors who got in earned a fixed 31% annual yield on a salary-backed lending instrument, structured to pay out every six months with their principal returned at maturity. Clean, predictable, and built on a lending model that has quietly served over 500,000 Nigerians without making a fuss about it.
This year, NextPayDay is back. The program is larger, the allocation on AssetBase has grown from ₦30 million to ₦100 million. If you missed it last year, here is your window. If you were in it, you already know what this is.
The business behind the note
NextPayDay Finance Limited is a licensed digital micro-lending platform registered with the Federal Competition and Consumer Protection Commission. Its product is simple in concept and deliberate in execution: salary-backed loans disbursed directly into verified employees' accounts, recovered through payroll before the borrower has to think about it. The platform lends primarily to civil servants — River State workers and Federal Government employees — a segment defined by institutional income and predictable payment cycles.
The dual-layered recovery system is what makes this model hold. Repayments are processed through payroll deductions first, then via multi-bank direct debit sweeps. Both channels activate before discretionary spending enters the picture. NextPayDay does not rely on borrower discipline to recover its money. The structure does that work.
The instrument
This Series 1 issuance sits within a ₦2 billion programme. NextPayDay is raising ₦1 billion through 28% fixed-rate secured private notes — a 12-month instrument with semi-annual coupon payments and a bullet repayment of principal at maturity on 13th May 2027. The offer opens on 13th May 2026.
BAS Capital Limited returns as Lead Financial Adviser, now joined by STL Capital and Advisory Limited. Plethoria Trustee and Fiduciary Services Limited and First Ally Trustees Limited serve as trustees, with Tech Hive Advisory Africa as solicitor. The structure is more layered than last year's, which is the point.
The rating
NextPayDay issuance on AssetBase carries a formal credit rating — DataPro has assigned A2 on a short-term basis and BBB- on a long-term basis. What that means in practice is that an independent agency has reviewed the issuer's financials, repayment history, business model, and management team and has arrived at a formal opinion on risk. It is not a guarantee. But it is a layer of independent scrutiny that did not exist on the previous offering, and for investors who take their due diligence seriously, it changes the conversation.
On the yield
This year's note offers a fixed annual coupon of 28% per annum, paid semi-annually over a 12-month tenor. To put that in context: this issuance carries a formal DataPro credit rating — A2 on a short-term basis, BBB- on long-term, which means an independent agency has reviewed NextPayDay's financials, repayment track record, and business model and assigned a considered opinion on the risk. It comes with two trustees in Plethoria Trustee and Fiduciary Services Limited and First Ally Trustees Limited, a lead and joint financial adviser in BAS Capital and STL Capital, and an AssetBase allocation of ₦100 million — more than three times what we offered last year. The instrument is structured, rated, and secured. At 28% on that foundation, you are earning a competitive fixed return on a note built with considerably more rigour than most of what the market offers at similar or higher yields.
The note carries a 10% government withholding tax and a 2% processing fee, both deducted from interest payouts before payout, not from your principal.
How to invest
The NextPayDay Loan Note is available exclusively on AssetBase, with a minimum subscription of ₦100,000 and further investments in multiples of ₦100,000 thereafter. Log in to your AssetBase account, navigate to the NextPayDay Loan Note, review the terms, and invest. Questions? Reach the team at hello@assetbase.capital or find us on Telegram
