Have you ever think of searching for any financial institution that gives out loan to Nigeria online without even collecting any collateral for the loan before, if Yes — You search is over because am going to share with you several Websites & Mobile App platform that provides online loans in Nigeria and their loan sites can meet your personal loan needs.

On this post am going to go in details of how to get quick loans online in Nigeria without any collateral for your personal or business loan request.

In the last few years, assessing business or personal loan has taken to another different dimension as few service providers are changing normal rules of giving out a loan without the need a proof of employment or even a visit to a banking hall for some paperwork.

All these service providers have come out with repayment method from 14 days to 12 months, that usually depends on the providers you’re using to collect the loan. The maximum amount one can access initially is dependent on the provided information, and the requested funds are transferred almost immediately.


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

KwikCash by 9mobile

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, and direct transfer/deposit

Aella Credit

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

Top 15 Platforms to Get Quick Loan Online In Nigeria Without Collateral

SnapCredit

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

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

FINT

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

Top 15 Platforms to Get Quick Loan Online In Nigeria Without Collateral

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