This page contains a list of offers – Personal Loans – Online Loans – PayDay Loans – Quick Cash Loans, available in Nigeria. These offers refers to the details described in the article Instant loan in Nigeria. The article describes the rules and tricks on how to get the best offer for a Personal Loan.

Paylater

– documents and verification: Valid bank details and BVN
– where to apply online: Android app
– loan costs: 5% to 30%, depending on credit rating
– loan duration: 15 days to 6 months
– more than one loan at a time: No
– payback means: Debit Card, Quickteller and direct transfer

GROFIN

GroFin provides Small and Medium Enterprise (SME) finance/business loans across Africa & the Middle East. If you have investible numbers and you looking to expand your business, then GroFin is your best short.
With GroFin, businesses can access business loans between US$100,000 and US$1.5 million. If you think your business ticks the required checklist, then you can submit your online application here

KwikCash by 9mobile

– documents and verification: A 9mobile line and valid bank details
– where to apply online: USSD (*561#)
– loan costs: 10 – 20%
– loan duration: 14 days
– more than one loan at a time: No
– payback means: ATM, debit card, USSD and direct transfer/deposit

SMEDAN

Last on the list is SMEDAN, a government-backed initiative to offers quick and easy business loans to Nigerian SME’s businesses in need of financing. The core mission of the organization is to promote entrepreneurship among Nigerians and also provide capital to start the business.
Aside funding, SMEDAN also provide business owners with hands-on training and support to help them run their business. If you would like to apply, click here to access their online application portal

Aella Credit

– documents and verification: Valid bank details, BVN and employer registration (for in-network loans)
– where to apply online: Android app
– loan costs: 20% – 27% for out of network loan
– loan duration: One month
– more than one loan at a time: No
– payback means: Debit card

ONE-FI

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 – 6 months, with loan amounts up to N200,000 or more.

KiaKia

– documents and verification: Work ID card, valid bank details
– where to apply online: KiaKia Website
– loan costs: 5.6% – 24%
– loan duration: 7 to 30 days
– more than one loan at a time: No
– payback means: Debit card, direct deposit

QUICKCHECK

QuickCheck is a modern lending platform for individuals and small businesses. QuickCheck uses mobile technology to enable individuals and small businesses to gain access to financial credit.
According to the platform, users can access quick and hassle-free loans of up to 30,000 Naira without any collateral for a duration of either 15 or 30 days.

FINT

– documents and verification: Valid bank details, valid ID card, and bank statements
– where to apply online: FINT Website
– loan costs: 9% – 39%
– loan duration: 2 – 12 months
– more than one loan at a time: No
– payback means: Debit card, direct deposit

KwicCash

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%. Apply here

C24

– documents and verification: Physical documents, valid bank details
– where to apply online: C24 Web page
– loan costs: 4% and above
– loan duration: 1 to 9 months
– more than one loan at a time: No
– payback means: Debit card, direct deposit

Specta

A mobile lending platform, by sterling bank, that gives online loans in Nigeria, not more than 5 million for personal loan, wedding finance, etc. It ranks 7, 003rd website in Nigeria.
It offers loan without collateral, no paper works, instant scoring, and disbursement is done within 5 minutes after approval. They do not just offer quick loans in Lagos but nationwide. Online application Specta

Zedvance

Zedvance is a consumer finance company committed to providing consumer credit to individuals. You can borrow up to 3 Million Naira in less than 24 hours.
The company specifically provide loans to salary earners but if you are a salary with a side business, you can pick up the deal to finance your business use.
– documents and verification: Valid bank details
– where to apply online: Application webpage
– loan costs: 7.5% to 58%
– loan duration: 1 to 12 months
– more than one loan at a time: No
– payback means: Cheques, direct debit/deposit

CreditVille

CreditVille, 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.

Branch

– documents and verification: A Facebook Account, BVN and valid bank details
– where to apply online: Android app
– loan costs: 20%
– loan duration: One month
– more than one loan at a time: No
– payback means: Debit card, auto-debit, mobile banking app.

Sparta Capital

New and Return clients can get loans from N50,000 to N2,000,000
Features: Between the ages of 22 to 55; Employed; Have a functional bank account.
Required Documentations: Bank statement for the last six (6) months prior to the date of application; Valid form of Identification (ECOWAS passport, Driver’s License or Voters ID card); One (1) passport photograph; NUBAN Compliant cheque book; Guarantors form and cheque; Evidence of expected funds borrowed against.
Rate: 7% – Tenor: 6 month.
Apply here

Sharp Sharp by Credit Direct

– documents and verification: No guarantor, physical documents, personal bank details
– where to apply online: Credit Direct Web portal
– loan costs: 3.4% monthly
– loan duration: One month and beyond
– more than one loan at a time: No
– payback means: Direct debit

PennyLender

Single Payment Loan, Borrow: N10,000 to N50,000 – Terms 30 days.
Installment Loan, Borrow: up to N500,000 – Terms 6 months.
Web application form

QuickCheck

– documents and verification: Facebook account, valid and active phone number, bank details and source of income
– where to apply online: Android app
– loan costs: 1% daily
– loan duration: 5 to 30 days
– more than one loan at a time: No
– payback means: Debit Card, Direct Deposit

Rosabon Quick Loan

This is an innovative lifestyle product for individuals who are looking to access quick cash for emergencies; be it medical or any other form of unforeseen expenses.
This product eliminates unnecessary paperwork, long approval time, giving you the opportunity to access as much as N1.5 Million within 24 Hours without any Collateral or Guarantor(s).
This innovative, easy to access product is transparent and flexible, comes with friendly interest rates and a flexible repayment structure of up to 6 months.
Gain quick and easy access to funds with RQL today

PayConnect

– documents and verification: Government approved ID card, staff ID and salary account with a commercial bank in Nigeria
– where to apply online: Android app
– loan costs: 28% – 31%
– loan duration: One month
– more than one loan at a time: No
– payback means: Direct Debit

LMoney

Get access to up to N2,000,000 within 24 hours. It’s possible, It’s real and It’s super easy.
The amount you can borrow is in relation to your income. Your monthly repayment should not exceed 35% of your monthly income. You can borrow for up to a period 12 months.
Applications online

FairMoney

– documents and verification: Facebook account, bank details and proof of employment
– where to apply online: Android app
– loan costs: 20-30%
– loan duration: one month
– more than one loan at a time: No
– payback means: Direct debit

LIDYA.CO

Lidya is an online platform that provides businesses access to finance. The platform offers small and medium-sized businesses with unsecured loans of between $500 and $15,000 – application and details here

SnapCredit

– documents and verification: Employer registration, valid bank details
– where to apply online: Snap Credit site
– loan costs: Function of the amount of loan and its tenure.
– loan duration: 1 to 12 months
– more than one loan at a time: Yes
– payback means: Monthly loan repayments are deducted from salary

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