Quick Loan Without Collateral in Nigeria

Quick Loan Without Collateral in Nigeria

Quick Loan Without Collateral in Nigeria

Do you need quick loan without collateral in Nigeria ? If yes, then you are at the right place.

In order to eliminate the hassles and delays associated with loans from commercial banks, some platforms are now giving quick loan without collateral in Nigeria.

Consequently, you don’t need any collateral or to go through unnecessary rigorous bureaucratic processes before you can have access to loan.

Interestingly, whatever your purpose might be, there is a quick loan without collateral in Nigeria that suits that.

However, these loans are only for small amounts, unlike the ones obtainable from commercial banks and government financial institutions.

Companies That Give Quick Loan Without Collateral in Nigeria

In no particular order, the followings are some of the platforms where you can get quick loan without collateral in Nigeria.

GroFin’s Quick Loan Without Collateral in Nigeria

GroFin
GroFin

GroFin provides investment finance and business support to growing businesses in Africa and the Middle East.

So, whether you are an SME/Entrepreneur looking for finance with value-added business support, or an investor with a vision for making a difference in Africa and the Middle East, your journey starts here with GroFin.

Meanwhile, your business must be in GroFin’s sectors of focus. Education, Healthcare, Agribusiness, Manufacturing or Key Services (Energy/Waste/Water/Recycling) are the main sectors where GroFin finance and support SMEs.

Also, your business must be making positive social impact for you to be eligible for GroFin’s loan. Such impacts include creating jobs, empowering women and benefiting the environment.

In addition, you need medium term loan capital between US$100k and US$1.5m. You can apply for GroFin’s loan via this link http://www.grofin.com/language/en/apply/

PayLater’s Quick Loan Without Collateral in Nigeria

Paylater
Paylater
  • Requirements: Valid bank details and BVN
  • Platform: Android
  • Interest rate: 5% to 30%, depending on credit rating
  • Loan tenure: 15 days to 6 months
  • Multiple loans at a time: No
  • Repayment channels: Debit Card, Quickteller and direct transfer

PayLater makes access to loan easy. In other words, no guarantors, no collateral, no wahala.

Consequently, You can apply 24/7 and receive funds in your account in as little as 5 minutes. You can unlock higher amounts and lower interest rates by repaying on time.

A Paylater loan attracts interest rates starting from as low as 5% monthly on the first loan. It is intended to meet urgent, short-term cash needs.

Because of this, Paylater has limited the available amount to N10,000 (for first-time applicants) and loan duration to 15 or 30 days so you are not paying excessive interest rates. 

Please do not take a Paylater loan if you intend to service long-term debts. Meanwhile, here is the link to apply for the loan: https://paylater.ng/loans/

Kiakia’s Quick Loan Without Collateral in Nigeria

Kiakia
Kiakia
  • Requirements: Work ID card, valid bank details
  • Platform: Web
  • Interest rate: 5.6% – 24%
  • Loan tenure: 7 to 30 days
  • Multiple loans at a time: No
  • Repayment channel: Debit card, direct deposit

Kiakia gives you access to persona and small business loans, and also enable savers lend out funds at negotiated interest through intuitive conversation.

In other words, Kiakia is the swift, smart, convenient way to borrow and lend out money in real-time.

One of the advantages of Kiakia is that account creation and loan application are swift and 24/7. This means that you can apply for or fund loan anytime.

Secondly, Kiakia charges no application nor lender listing fees.

Finally, Kiakia assigns personalized virtual agent at your beck and call anytime with little or no human intervention during the application process.

If you are interested in Kiakia loan, apply via this link: https://kiakia.co/chatbot

QuickCheck’s Quick Loan Without Collateral in Nigeria

QuickCheck Loan
QuickCheck Loan
  • Requirements: Facebook account, valid and active phone number, bank details and source of income
  • Platform: Android
  • Interest Rate: 1% daily
  • Loan tenure: 5 to 30 days
  • Multiple loans at a time: No
  • Repayment channel: Debit Card, Direct Deposit

QuickCheck is a Nigerian Fintech Startup that aims to provide banking services to the underserved. Built by people who work towards solving real world problems, QuickCheck found out that a large portion of the Nigerian population has no access to proper banking services, hence, the need to fill this gap

QuickCheck uses machine learning to predict user behaviour and evaluate loan applications. This gives them a competitive advantage against traditional banking.

The reason for this is because the algorithms can be updated very quickly to match current market trends.

All you need to get QuickCheck’s quick loan without collateral in Nigeria is to fill the form, and the machine learning algorithms take care of the rest. Loans up to N30,000 with interest rates as low as 1% per day. Approval takes less than 24 hours.

Aella Credit’s Quick Loan Without Collateral in Nigeria

Aella Credit Loan
Aella Credit Loan
  • Requirements: Valid bank details, BVN and employer registration (for in-network loans)
  • Platform: Android
  • Interest rate: 20% – 27% for out of network loan
  • Loan tenure: One month
  • Multiple loans at a time: No
  • Repayment channel(s): Debit card

AellaCredit takes the hassle out of finance – whether you are a business or an individual, they put control back in your hands with simple, straightforward product.

Visit the link below if you are interested in Aella Credit’s loan: https://www.aellacredit.com/get-a-loan

PayConnect’s Quick Loan Without Collateral in Nigeria

PayConnect Loan
PayConnect Loan
  • Requirements: Government approved ID card, staff ID and salary account with a commercial bank in Nigeria
  • Platform: Android
  • Interest Rate: 28% – 31%
  • Loan tenure: One month
  • Multiple loans at a time: No
  • Repayment channel: Direct Debit

PayConnect is a mobile lending marketplace solution that matches lenders and credit worthy unbanked/underbanked borrowers.

Also, they use a proprietary algorithm that automatically aggregates client’s transactions notification on their mobile phones, Bills payment, Call/SMS history and simultaneously analyses Income and spending patterns, then avails loan amount with tenure that uniquely suits each individual. As a result of this, the application process is easy and seamless.

Meanwhile, loans on PayConnect do not require Collateral. Applicants receive loans amounts into their PayConnect E-wallet after approval, which they can withdraw from any ATM, Use on any POS or transfer to any bank account of their choice in Nigeria. Repayment is required after a stipulated tenure.

Branch’s Quick Loan Without Collateral in Nigeria

Branch Loan
Branch Loan
  • Requirements: A Facebook Account, BVN and valid bank details
  • Platform: Android
  • Interest rate: 20%
  • Loan tenure: One month
  • Multiple loans at a time: No
  • Repayment channels: Debit card, auto-debit, mobile banking app.

Branch offers loans from ₦1,500 to ₦150,000. Loan terms range from 4 – 64 weeks. Meanwhile, interest ranges from 14% – 28% with an equivalent monthly interest of 1% – 21%, depending on your loan option.

Similarly, there are no late or rollover fees and no collateral necessary. Interestingly, interest rates are determined by a number of factors, including your repayment history and the cost of lending for Branch.

However, standard SMS and data charges by your mobile carrier may apply.

In order to get the loan, download the app via this link.

SnapCredit’s Quick Loan Without Collateral in Nigeria

SnapCredit Loan
SnapCredit Loan
  • Requirements: Employer registration, valid bank details
  • Platform: Web
  • Interest rate: Function of the amount of loan and its tenure.
  • Loan tenure: 1 to 12 months
  • Multiple loans at a time: Yes
  • Repayment channel: Monthly loan repayments are deducted from salary

SnapCredit provides instant credit solutions to employees. They collaborate with employers and provide their staff with an online platform to access loans.

Their platform eliminates all the hassle and gives employees instant 24/7 access to credit at very competitive and fair rates. 

Application is done online via mobile phone, tablet or PC. Once the application is verified, money is sent to the employee’s bank account instantly.

Meanwhile, repayment of the loan is done by the employer in the form of monthly deductions from the employee’s salaries.

Zedvance’s Quick Loan Without Collateral in Nigeria

Zedvance loan
Zedvance Loan
  • Requirements: Valid bank details
  • Platform: Web
  • Interest rate: 7.5% to 58%
  • Loan Tenure: 1 to 12 months
  • Multiple loans at a time: No
  • Repayment channel: Cheques, direct debit/deposit

Zedvance provides Cash Loans to individual, groups and offer Point of Sale finance for consumer goods and appliances in partnership with retailers.

In addition to the above requirements, the followings condition apply:

  • You must be in a paid employment
  • Your age should be between 22 and 55 years
  • You must have an active salary account
  • You must have a pension account

FairMoney’s Quick Loan Without Collateral in Nigeria

FairMoney Loan
FairMoney Loan
  • Requirements: Facebook account, bank details and proof of employment
  • Platform: Android
  • Interest rate: 20-30%
  • Loan Tenure: one month
  • Multiple loan at a time: No
  • Repayment channel: Direct debit

FairMoney provides you with loan options that meet your financial needs at any time, by making funds available to You within 5 Minutes of application.

FairMoney’s quick loan without collateral in Nigeria exist in three categories, namely: personal loan, education loan and business loan.

Personal loan is the obvious choice if you need quick cash for personal finance, health emergency, car repairs, rent payment and for buying consumable durable goods.

Due to their believe in education, fairmoney also provides loans to students with potential to be successful.

Finally, business loan is your right choice if you need business finance, to start up a business or to develop an existing business.

FINT’s Quick Loan Without Collateral in Nigeria

FINT's Quick Loan Without Collateral in Nigeria
FINT’s Quick Loan Without Collateral in Nigeria
  • Requirements: Valid bank details, valid ID card, and bank statements
  • Platform: Web
  • Interest rate: 9% – 39%
  • Loan tenure: 2 – 12 months
  • Multiple loans at a time: No
  • Repayment channel: Debit card, direct deposit

As a Borrower on FINT, you can gain access to Loans at as low as 2% per month. You won’t have to manually pay every month because FINT Automatically does the heavy lifting. 

Simply Apply for a loan by answering the FINT Risk Assessment and Investors will fund your loan which can be disbursed when fully funded.

C24’s Quick Loan Without Collateral in Nigeria

C24's Quick Loan Without Collateral in Nigeria
C24’s Quick Loan Without Collateral in Nigeria
  • Requirements: Physical documents, valid bank details
  • Platform: Web
  • Interest rate: 4% and above
  • Loan tenure: 1 to 9 months
  • Multiple loans at a time: No
  • Repayment channel: Debit card, direct deposit

C24 is a financial institution which provides retail loans for consumers in need of quick financial solutions. 

As a matter of fact, the company is focused on delivering services that can be accessed online, from any internet-enabled device anywhere within Lagos.

Credit Direct’s Quick Loan Without Collateral in Nigeria

Credit Direct's Quick Loan Without Collateral in Nigeria
Quick Loan Without Collateral in Nigeria by Credit Direct.
  • Requirements: No guarantor, physical documents, personal bank details
  • Platform: Web
  • Interest rate: 3.4% monthly
  • Loan tenure: One month and beyond
  • Multiple loans at a time: No
  • Repayment channel: Direct debit

Credit Direct provides quick unsecured emergency loans without collaterals within hours to all federal and state government employees within Nigeria.

In fact, Credit Direct’s Sharp Sharp loan prides itself as the most convenient and cheapest loans in Nigeria with low interest rates, No pre-liquidation charges, exceptional customer services and quick turnaround time.

In addition to the facts above, here are some requirements of Credit Direct’s Sharp Sharp loan:

  1. Completed Loan Agreement Form and attached passport photo.
  2. Letter of Introduction & Employment/Confirmation letter.
  3. Guarantor Submissions, Proof of residence, Proof of earnings & Post Dated Cheques.
  4. Valid Identification – Driver’s ID, National ID or Internationl passport.
  5. Work ID (for salaried individuals only) & Bank Statements/Pay Slips.

Kwikcash – Quick Loan Without Collateral in Nigeria

Kwikcash's Loan
Kwikcash’s Loan
  • Requirements: A 9mobile line and valid bank details
  • Platform: USSD (*561#)
  • Interest rate: 10 – 20%
  • Loan tenure: 14 days
  • Multiple loans at a time: No
  • Repayment channels: ATM, debit card, USSD and direct transfer/deposit

Kwikcash is a revolutionary financial inclusion product offered to 9mobile subscribers.

Before now, Nigerians in need of a loan were forced to visit loan sharks, make embarrassing requests from family and friends, or submit to long queues and endless documentation at a financial institution.

However, by simply dialing *561#, 9mobile subscribers can now obtain a cash loan delivered instantly to their bank account with no collateral or documentation required.

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