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About Paycient Finance
The healthcare ecosystem in Nigeria faces systemic challenges:
1.Individuals (Patients): Face inadequate access to healthcare services due to high costs and limited availability of essential supplies. 2.Clinics and Pharmacies (Providers): Struggle with supply chain inefficiencies and limited purchasing power, leading to frequent shortages of essential medicines (inventory). 3.Wholesalers (Partners): Have limited sales and liquidity challenges due to unreliable demand and payments from providers disrupting the availability of healthcare commodities.
These challenges leave communities underserved, health outcomes compromised, and the system strained. Paycient operates as a healthcare purchasing and financing organization linking individuals and healthcare SMEs to trusted suppliers and offering flexible financing options, making it easier for them to afford healthcare resources and pay in manageable installments.
Essential Information About Our Platform
- Transparent and fair costs, with no hidden fees
- Online application and digital funds disbursement
- No collaterals required
- Flexible use of funds
- No penalties for early repayment
- Good credit history is rewarded
- Repayment via card or direct debit
MediLoans
Paycient Boost
Paycient Boost allows individuals to access healthcare services and spread repayments over manageable installments, interest-free for up to 6 months. Providers are paid upfront while patients enjoy flexible financing.
Financing is disbursed to your healthcare provider.
Representative example: Treatment Cost: N1,000,000. Equity Contribution (50% upfront): N500,000. Amount Financed: N500,000. Monthly Repayment: N83,333 for 6 months (Interest-Free). Total amount repayable: N500,000. Fees are subject to change and will be affected by customer risk. Late repayment fees are applicable.
Order Boost
Order Boost enables healthcare SMEs to finance inventory and enjoy extended credit periods for their purchases. Suppliers and distributors receive immediate payment, empowering SMEs to buy more.
Financing is disbursed to the supplier.
Representative example: Loan amount of N1,000,000 borrowed for 3 months. Upfront Fee: 0% Terms and Conditions Apply. Monthly Interest Rate:3.5% flat i.e. N35,000 monthly. Total amount repayable: N1,105,000 (N368,333 monthly X 3). Fees are subject to change and will be affected by customer risk. Late repayment fees are applicable.
Asset Boost
Asset Boost empowers healthcare SMEs to procure medical equipment and upgrade their facilities. It provides "asset" financing for healthcare SMEs empowering them to deliver quality care.
Financing is disbursed to the supplier.
Representative example: Loan amount of N1,000,000 borrowed for 6 months. Upfront Fee: 2% i.e. N20,000 (charged upfront, deducted from disbursement). Monthly Interest Rate: 3.5% flat. i.e. N35,000 monthly. Total amount repayable: N1,230,000 (i.e. N20,000 upfront + N201,667 monthly X 6). Fees are subject to change and will be affected by customer risk. Late repayment fees are applicable.
Documents Required
Individuals
- Company issued identity document
- Bank verification number (BVN)
- National Identity Number (NIN)
- Utility bill of home address
- Invoice from healthcare provider
- Bank statement (3 months)
Individuals
- Company issued identity document
- Bank verification number (BVN)
- National Identity Number (NIN)
- Utility bill of home address
- Invoice from healthcare provider
- Bank statement (3 months)
Sole proprietorships
- Government issued identity document
- Bank Verification Number
- Certificate of Business Registration
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
Sole proprietorships
- Government issued identity document
- Bank Verification Number
- Certificate of Business Registration
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
Limited liability companies
- Government issued identity document
- Bank Verification Number
- Certificate of Incorporation, CAC forms 02 and 07
- Board resolution to borrow
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
Limited liability companies
- Government issued identity document
- Bank Verification Number
- Certificate of Incorporation, CAC forms 02 and 07
- Board resolution to borrow
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
MediSavings
MediSave
MediSave is a flexible member healthcare contributory savings product that helps members and their families save for healthcare emergencies and planned treatments, offering an 18% annual yield on net savings with no minimum tenure or early liquidation penalty.
Representative Example: N100,000 held for 12 months will yield N18,000 or N16,200 net of withholding tax.
MediVest
MediVest is a fixed member contributory health savings product that empowers members to grow their wealth by funding healthcare expenses for other members, offering a 24% annual yield with a 6 - month minimum tenure and a 20% penalty on early liquidation.
Representative Example: N100,000 held for 12 months will yield N24,000 or N21,600 net of withholding tax.
MediVault
MediVault is a secure, fixed member contributory health savings product for members and their businesses which empowers them to grow wealth while funding other member healthcare SMEs, offering a 36% annual yield with a 12- month minimum tenure and a 20% penalty on early liquidation.
Representative Example: N100,000 held for 12 months will yield N36,000 or N32,400 net of withholding tax.
Target Customers and Benefits
Affordable loans to boost your healthcare business and elevate your patient care
- Set up a profile for recurring usage
- Transparent and fair costs, with no hidden fees
- Online application and disbursements
- No collaterals required
- Flexible use of funds
- No penalties for early repayment
- Repayment options: card, direct debit, bank transfers
Fuel customer loyalty and revenue growth with the tools and resources that increase their purchasing power.
- Free for distributors and wholesalers (Freemium service)
- Direct buyers to sign up for Paycient Finance.
- Your customers can apply for credit
- No collaterals required
- Prompt invoice payment with approved credit
- Direct payment to distributors
- Immediate payment for you, flexible payment for buyers
- Access financing for your healthcare needs with ease
Get financial support for healthcare expenses:- Transparent and fair pricing
- Convenient online application and disbursement
- No collaterals required and No penalties for early repayment
- Join our Member Healthcare Savings Cooperative
Build your savings to manage your health expenses or support others. Members enjoy:- Fexible and locked member healthcare savings plans.
- Pay conveniently for healthcare expenses.
- Group purchasing power for greater healthcare affordability.
- Simple setup for recurring usage
Enjoy seamless access to Mediloans and MediSavings plans whenever you need them.