Best Places To Get Loan In Nigeria Without Collateral can be accessed below.
Best Places To Get Quick Loan In Nigeria Without Collateral
Below are top money lending companies to get quick and easy loan in Nigeria with very low interest rate:
1. Paylater
Paylater , This online lending platform processes your approval within minutes. This soft loan is available to businesses and salary earners in Nigeria.
It also offer short term loans without collateral, and you can get a loan from N500k to N1million at an interest rate ranging from 5 to 12%.
Requirements: BVN, account details, passport photograph and home address.
Interest rate: 5 to 15% depending on your risk level.
Loan duration: 3 to 12 months.
Repayment channels: Direct debit from any of your bank accounts.
2. OneFi Business Loans
Formerly known as One Credit, OneFi is a credit facility company that offers short-term consumer loans to credit-worthy individuals with limited access to finance.
One-Fi loan repayment cycle is typically between 3 – 12 months, with loan amounts ranging from N40,000 – N2 million.
3. Renmoney
Renmoney is One of the most well-known lenders in Nigeria. They offer loans to their customers up to N4 million. However, having a solid credit history and a strong income statement are requirements. As long as you satisfy all of their lending conditions, their minimum loan amount is N100,000.
Requirements:
- Applicants must be between the age of 22 to 59 years.
- Must have a steady source of income
- Functional bank account either current or savings
- BVN
- Official bank statement of account
- Valide Govt Issued ID card.
All requirements are to be submitted to Renmoney office for verifications.
Interest rate: 4 to 5% per month.
Loan duration: 3 to 12 months
Repayment method: Quickteller, POS, Cash, Cheque and transfer.
4. Aella Credit
Aella Credit is another platform in Nigeria where you can get a swift loan,
You can access loan from N1,500 to N700,000 with an interest rate ranging from 4 to 29% per month depending on your risk level.
Requirements: BVN
Platform: Android
Interest rate: 4 to 29%
Loan duration: 1 to 2 months
Repayment method: Direct debit from your account.
5. Kwik Cash
It is a better loan at competitively priced rates for those clients with less-than-perfect credit. Kwik cash is one the top loan providers in Nigeria. It offers both online and USSD loan options.
Kwik partners with Banks, mobile network providers, and technology companies to make loans accessible to all Nigerians.
At Kwik cash, you can get a loan of up to N15,000.
Requirements:
- BVN
- 9mobile line
Platform: USSD (*561#)
Interest rate: 10 to 20%
Loan duration: one month.
Repayment channels: Direct debit.
The borrowing process starts by dialing *561# from 9mobile line.
6. KiaKia
KiaKia is the most popular and greatest peer-to-peer lending network available to residents of Nigeria. Users can borrow or lend money through the KiaKia platform.
The platform provides quick loans to borrowers within 1 hour of completing their online loan application.
Requirements: Work ID Card, and valid bank details.
Platform: Web
Interest rate: 5 to 24%
Loan duration: 30 days
Repayment channels: Debit card, direct deposit
7. FINT
Fint is a money lending platform with creditworthy borrowers for a competitive return at a cheap interest rate.
Requirements: BVN,
Platform: Web
Interest rate: 3 to 5%
Loan duration: 12 months
Repayment: Debit card, direct deposit
8. Zedvance
Zedvance provides a quick and fast loan an attractive interest rates, though the interest rate on the level of risk involved.
It is most suitable for salary earners.
Requirements:
- Employment letter
- Salary account
- Official email address
- Valid ID
Platform: Web
Interest rate: 4 to 5%
Loan duration: 3 to 12 months
Top up: yes
Repayment channels: Direct debit
9. Page Financial
Page Financial offers quick loan to meet their customers financial needs.
Requirements:
- Employment letter
- Salary account
- Valid ID card
- Utility bill
Platform: Web
Interest rate: up to 15%
Top up: Yes
10. Rosabon Finance
Rosabon finance is one loan provides platform in Nigeria that offers loan without collateral.
Requirements:
- Employment letter
- Salary account
- Tax ID
- Valid ID
- Utility bill
Platform: Web
Interest rate: 4 to 6%
Loan duration: 3 to 12 months
Top up: No
Requirements channel: Cheque, Direct debit
