Secure Loan In Nigeria- There are diverse of commercial banks, company  that offer loans in Nigeria,  but the problem with these set of organisations is high interest rates, collateral, provision of guarantors or lots of paperworks and lots more. And this has overtime made it difficult to secure loan in Nigeria.

Secure Loan In Nigeria

For this reason, we have compiled a convenient, secure and instant way to apply and Secure Loan In Nigeria or get  funds in less than 3 hours with the most reliable simple repayment terms and rates.

The financial technology industries  we are going to show you on this page gives out loans within some hours  in Nigeria without collateral, with less paperwork and no stress.

How To Secure Loan In Nigeria Without Collateral:

The list below are the  money financial technology industries in Nigeria that provides loans in few minutes without any stress and collateral.

1. kwikmoney

kwikmoney platform offers both internet based, application and USSD loan options. It partners with banks, technology companies mobile network operators. Kwikmoney goal is to make personal banking services convenient and accessible to all Nigerians.

How kwikmoney works

On kwikmoney, you can get a loan as high as N15,000 at 15% interest rate for 15 days (half a month)

  • Requirements: BVN
  • Platform: USSD, Mobile App
  • Interest rate: 15%
  • Loan tenure: 1 month
  • Top up: No
  • Repayment channels: Direct debit

2. Renmoney

Renmoney customers can get loans up to N4,000,000 that can be repaid within a period of nine months without tendering collateral or a guarantor.

To apply for a loan on Renmoney, you’ll have to meet certain conditions. Applicants are expected to be between the age of 22-59, have a steady source of income with a functional current or savings bank account and a valid means of identification.

Upon request, the applicant is expected to provide verification of their monthly income and a report of their previous loans from a credit bureau. All these are to be submitted to any Renmoney office for confirmation.

For Renmoney quick loan request, a N70,000 loan would worth N83, 690 in four months repayment plan.

This implies a percentage between 4% to 4.5% per month.

  • Requirements: BVN, Bank statement, Valid ID card, Employment letter
  • Platform: Internet
  • Interest rate: 4 – 5%
  • Loan tenure: 3 to 12 months
  • Top up: No
  • Repayment channels: Quickteller, cheque, POS, Cash and Online transfers.

3. FINT Loan

FINT helps match lenders (individuals looking to lend) with creditworthy borrowers for a competitive return and at an attractive interest rate.

The instant loan platform offers interest rate based on risk score using a numerical expression based on a level analysis of a person’s information.

Apart from this, like other lending platforms in Nigeria, FINT charges the borrower two fees that are both one-time payments. The first is a verification fee (NGN 3000) and the second is a closing fee (8%). The closing fee is to be paid before disbursement of the fully-funded loan. In addition, a transfer fee (1.8% + NGN100) is passed on to the borrower.

FINT interest rates range from 3% to 5% per month depending on borrower’s risk score.

Fint lending platform

  • Requirements: Employment letter, Salary account, Valid ID.
  • Platform: Internet
  • Interest rate: 3 – 5%
  • Loan tenure: 3 to 12 months
  • Top up: Yes
  • Repayment channels: Cheque, Direct debit

Click here apply for FINT loan

4. Page Financials

Page Financials is an innovative retail financial institution offering various quick personal and salary advance loan to meet the financial request of customers.

On Page Financial, it takes six steps to request for a loan and the first one is inputting your BVN details.

For its loan, Page Financials offers a daily rate of 0.5% which accrues on its Debit card issuance also known as Pledge Finance.

Pledge Finance debit card is a preloaded with up to N500,000 depending on your net monthly income. The company also charge a one-off fee of N1,500 for the card valid for a period of 3 years.

How  it works

The interest rate is accrue daily at 0.5% which is about 15% monthly on the loan card.

  • Page Financials
  • Page Financials lending platform
  • Requirements: Employment letter, Salary account, Valid ID, Utility bill.
  • Platform: Internet
  • Interest rate: 15%
  • Loan tenure: 3 to 12 months
  • Top up: Yes
  • Repayment channels: Cheque, Direct debit

For more information Click here

5. Paylater

Paylater is an instant online lending platform that offers short term loan without collateral for urgent needs and expenses.

Through Paylater, you can get a loan from N500,000 to N1 million at different interest rates between 5 to 12.6%. The loan is determined by the risk involved and cash activities via your BVN.

When I checked out Paylater app, I applied for a loan of N70,000, the system automatically generated N68,500 (meaning some charges of about N2,000 have been incurred). The system also pegged interest rate at 12% monthly for a four-month repayment plan at N25,345 per month.

This simply means I will return N101,380 to Paylater in April 2019 for a loan of N70,000 in January 2019.

  • Requirements: BVN, Passport photograph and address
  • Platform: Mobile App
  • Interest rate: 12 – 15% (Depending on risk level)
  • Loan tenure: 3 to 12 months
  • Top up: No
  • Repayment channels: Direct debit.

6. Rosabon Finance Quick Loan

Rosabon finance is one of the fastest and easiest ways to get a personal loan in Nigeria without collateral. On Rosabon platform, a loan of N70,000 for interest attracts a 4-month repayment of N82,915. That’s about between 4 to 6% per month.

How does Rosabon Finance Quick Loan work?

Some of the requirements for getting a quick cash loan from Rosabon finance include being in a paid employment, between 21 and 58 years, have a salary account, have a pension account or tax ID, have a valid Proof of Identification and a recent utility bill.

  • Requirements: Employment letter, salary account, pension account or tax ID, Valid ID, Utility bill.
  • Platform: Internet
  • Interest rate: 4 – 6%
  • Loan tenure: 3 to 12 months
  • Top up: No
  • Repayment channels: Cheque, Direct debit

Click here to learn more

7. Zedvance

Zedvance Limited is a consumer finance company providing a quick and instant loan at a highly competitive rate.

For Zedvance, the interest rate depends largely on how well you can bargain and the level of risk involved in your loan. It is for salary earners in the country.

Zedvance’s quick cash loan, interest stands between 4.0% to 4.5% and loan amount largely depends on your net pay.

How  it works

Using its loan calculator, a loan worth N70,000 for 4 months will attract N82,456 in total repayment

  • Requirements: Employment letter, Salary account, Official email address, Valid ID, Utility bill.
  • Platform: Internet
  • Interest rate: 4 – 4.5%
  • Loan tenure: 3 to 12 months
  • Top up: Yes
  • Repayment channels: Cheque, Direct debit.

Apply here

8. Aella Credit

Aella credit is an application instant loan platform. It is designed to help employees access more funds between 1,500 to 700,000 and an interest rate between 4% – 29% monthly.

How does it work?

Aella credit is available in Ghana, Nigeria and the Philippines.

  • Requirements: BVN
  • Platform: Mobile App
  • Interest rate: 4 – 29%
  • Loan tenure: 1 to 2 months
  • Top up: No
  • Repayment channels: Direct debit



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