Thinking about how to get quick and instant loan in Nigeria? Online loans in Nigeria and their loan websites can meet your personal loan needs.
But, how could one possibly get free online loans without collateral nor paper work, and the cash loan deposited into one’s bank account in minutes?
These online lending platforms can help Lagosians and anyone outside lagos to get a quick loan in Lagos or anyone who wants to borrow money online in Nigeria; yes, I mean 24hrs loan in no time.
Loans have been trending as the solution and microfinance banks, are adopting a way to rid the society of financial exclusion. Even corps members now get Nysc loan to cater for their financial needs
Although the spotlight has been focusing on the masses, especially the petty traders, it is quite unfortunate that not all masses are as opportune as the petty traders due to some valid reasons.
How to Get Online Loans In Nigeria in Minutes
In as much as it is unwise to go to commercial banks for personal loans and some other kinds of loans, it is also not easy to get quick loans from microfinance banks.
Fortunately, online loans have joined in giving whiplashes to financial exclusion.
Online loans in Nigeria? Surprising yet true, considering what it takes to survive in the blessed country.
Online loans in Nigeria are lending platforms that offer loans in Nigeria, no queuing, no fee charge for a loan application, and other exciting features.
Some lending platforms offer these quick loans without collateral, while some require a form of asset for collateral.
17 Best Loan Websites That Give 24hrs Loans In Nigeria Without Collateral
This list was compiled based on Alexa rankings and also on what I’ve tried, the services rating and more…
Though it’s now possible to borrow money online in Nigeria, kindly read the terms and conditions of each online loans lending platform.
This list is for information purposes only.
1. PayLater (Carbon) 24hrs Loan in Nigeria
A product of OneFi, ranking 1,669th website in Nigeria, offers online loans in Nigeria. You can visit www.paylater.ng for more information.
If you’re looking for a free loan in Nigeria, just forget about it, the loan companies on this list are in for business. They help with your urgent cash need and in turn expect to pay back with interest.
3,652nd website in Nigeria is a platform where lenders meet borrowers, or vice versa, for online loans in Nigeria. Fint risk assessment, which cost #3, 000, determines your eligibility for a loan.
Loan amount offered are between #60, 000 – #2, 000, 000. Repayment duration is done on fixed term of 3, 6, or 12 months. Interest rates on loan can be as low as 2% monthly.
It is also one of the lending platforms that offer quick loans without collateral in Nigeria.
Before disbursement of loan to bank account, a commitment fee of 8% must be paid by the lender.
For more information, please vist https://fint.ng/.
This is a platform that offers online loans in Nigeria, which include personal loans, travel loans, group loans.
They offer loans worth #3, 000, 000 to be paid back in 12 months with an interest rate of 3.75 – 4.5% monthly.
They currently give loans to salary earners only. www.zedvance.com for more information. They rank 7,738th website in Nigeria.
Want to borrow money in Nigeria? Kwickcash is an online lending platform, created by “partnership between banks, mobile operators and technology companies”, that offers online loans in Nigeria.
It offers fast loan amount of up to #500,000 with no collateral. The repayment duration is between 14 – 30 days with interest rate 5 – 15%. It is ranked the 9,113th website in Nigeria.
For more information, please visit www.kwikcash.ng.
More Lending Companies For Instant Fast Cash Loans Lagos Today
If you’re looking for quick cash loans in Lagos these 4 lending platforms can meet your needs. They are also among the first 8 online loan sites in Nigeria
5. Quick Check
Another lending platform, that offers quick loans in Lagos, to the “underserved” in a bid to promote financial inclusion.
Quickcheck is ranked 9,153rd website in the country. Care to have “a bank in your pocket”? Visit www.quickcheck.ng.
6. C24 Loans
C24 offers online loans in Nigeria with a maximum loan amount of 2 million to be repaid with an affordable low-interest rate in a maximum of 9 months.
This 7,136th website, in Nigeria, offers quick loans in Lagos that are easy to apply for.
For more inquiries, please visit https://C24.com.ng/.
7. KiaKia Urgent Online Loan
One of the online lending platforms that offer quick loans in Lagos, ranks 5,576th website in Nigeria.
The maximum loan amount is #5, 000, 000, with a maximum repayment period of 6 months (for existing applicants) and 30 days (for first-time applicants).
You can visit https://www.kiakia.co/ to ask Mr K. for more details.
8. Branch App Mobile Loan In Nigeria
Branch is a leading Instant loan app that provides the funds you need to attain your goals without the usual stress that accompanies loan application processes in Nigeria, Kenya, Tanzania, and Mexico.
Branch offers loans from ₦1,500 to ₦150,000 and Loan terms range from 4 – 64 weeks. All you need to apply for a loan from Branch is an Android Smartphone!
Complete your application in seconds and receive your loan straight into your bank account. So what are you waiting for?
You can visit https://branch.com.ng now for more information.
Branch makes it easy for people in Nigeria to access a loan anytime, anywhere without any physical meeting, no collateral or a signature.
You won’t even see a piece of paper from start to finish. It is like a bank in your pocket, just like other soft loan sites in Nigeria.
You can get in touch with their super responsive financial advisor via email@example.com., follow on Instagram @branch_ng, and @branch_co on Twitter.
Branch International has made it to our top list of loan lending apps that charge little interest and with no collateral at all.
A mobile lending platform, by Sterling bank, that gives online loans in Nigeria, not more than 5 million for a personal loan, wedding finance, etc. It ranks 7, 003rd website in Nigeria.
It offers loan without collateral, no paper works, instant scoring, and disbursement are done within 5 minutes after approval.
They do not just offer quick loans in Lagos but nationwide. https://www.myspecta.com/.
Now You May Ask:
Which Is Nigeria’s Best and Fast Loan Company?
Hmm, what do I say? You don’t expect me to answer that, you know why? I haven’t tried all but Rankings on Alexa have placed each company’s site based on the visit.
tStill, I’ve tried Paylater and Branch and trust me, these 2 are super fast if you want to get out of debts.
Please note that I’m not directly recommending any of these sites, this list is for information purposes only. So, Let’s continue with the list.
www.creditville.ng, ranking 12,471st website in Nigeria, is a mobile lending platform that offers online loans in Nigeria.
The maximum amount of loan is #250,000, with varying minimum loan amounts. The maximum loan duration is 12 months.
11. Snap Credit
The loan amount offered is dependent on the individual source of income, and repayment history (for existing users).
Snapcredit offers online loans in Nigeria with interest rates varying with the amount of money loaned and the repayment period. Disbursement occurs within few minutes after loan request has been confirmed.
Repayment of loans, on this 12,531st website in Nigeria, is done through salary. https://www.Snapcredit.ng/ also offers multiple loans.
12. Pay Connect
Ranking 18,367th website in Nigeria, this platform doesn’t offer loans directly but serves as an intermediary between lender and borrower in online loans in Nigeria.
Payconnect offers no collateral loans in Nigeria, loan amounts are dependent on your source of income. http://payconnect.ng/.
Promising exemplary customer service, innovation, and technology, One-fi.co formally known as One Credit, is another quick online loans platform in Nigeria.
Ranking 23,879th site in the country, One-fi aims at democratizing access to finance by leveraging data and technology.
14. Aella Credit
www.aellacredit.com offers online loans in Nigeria with reasonable interest rates, no registration fee, no management fee, and flexible repayment plans.
Instant disbursement to bank account is guaranteed if loan request has been approved. Aellacredit ranks 25,260th website in Nigeria.
15. Fair Money
If you want to borrow money, Fair money is a platform where online loans in Nigeria can be gotten effortlessly.
The steps involved in securing a loan on this platform include answering some questions, among other steps.
Loan amounts vary with an increment of #20, 000 between. Though, I must be honest. When I tried their loan app, I was given a very loan amount at first to try their service.
Please visit https://www.fairmoney.com.ng/ ranks 26,702nd website in Nigeria.
16. LMONEY Online Loans In Nigeria
Talk about loan companies for online loans in Nigeria and you’ll find Lmoney filling a big gap.
Lmoney provides fast cash loans to any loan seeker. When you visit their website, you can fill in some details and have their agent call you.
Office location: 43 Church Gate Street, Victoria Island, Lagos, Nigeria
Email Address: firstname.lastname@example.org
Phone contact: +234 8056659129
Adding to the top list of best online loans apps in Nigeria is Sokoloan. SokoLoan is an easy to use, and simple online lending platform that provides short term loans in Nigeria. si
It is a Chinese Internet Marketing/Lending company based in Lekki Phase 1, Lagos State, with the mission to provide private individuals with easy loans to help cover unexpected expenses or urgent cash needs.
Also, they provide SMEs with loans for their business and also large companies with Internet PR and market research.
To use sokoloan app, go to Google Play Store, download the app, install and follow the form instructions to get a collateral-free loan.
Best Online Loans In Nigeria (Summary)
There you have it! My list of top 17 online loans in Nigeria. As you have seen, some online lending platforms require collateral while some are without collateral.
Whatever you do, try as much as possible to check out the terms and conditions of each platform, and also the interest rates and payback time frame before you put in for an application.
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