Collateral has been one of the greatest challenge entrepreneurs faced in accessing loan but this post will enlighten us on some Quick online loans in Nigeria that we can access without collateral even if the amount is small but subsequently the amount increases as repayment are been made according to the terms and conditions of the provider.
In this post, we will write about Top 10 websites we ca access loan as an individual or as a small and medium scale business owner. Feel relax and read.
Paylater: This is a mobile application and an entirely online lending platform that provides easy short-term loans to individuals and small businesses in Nigeria to help cover unexpected expenses or urgent cash needs for an
With Paylater, you can access up to 500,000 Naira loan with no collateral. Once your application is approved, funds are typically received within 1 – 3 business days. Making on-time repayments can grant you access to higher credit limits for your next loan. see link on how to access the PAYLATER APPLICATION
Zedvance: This 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. see link below to access ZEDVANCE LAON as a salary earner and a business owner to settle your immediate want or for business expansion.
Aella Credit: This is building platforms that make it easier for individuals in Africa to gain access to financing. Mainly focused on employee lending and empowerment, the company was affiliated with three main credit bureau agencies in Nigeria to provide quick and affordable loans with no paperwork to its customers.
Aella Credit uses a proprietary credit scoring algorithm to determine the creditworthiness of its users. The algorithm, which was built after the team gathered over five years of market data and analysis, processes an applicant’s eligibility for a loan by considering social and demographic factors as well as their debt to income ratio. see below on how to apply for
KiaKia: This is a very fast digital money lender for Nigerian businesses. KiaKia utilizes psychometry, big-data, machine learning and digital forensics for its proprietary credit scoring and credit risk assessment algorithm to provide direct and peered personal and business loans to millions of individuals and SMEs without credit information.
The name KiaKia was derived from a Nigerian language which means “Fast Fast”. According to them, the solution is very simple and fast, but highly effective and efficient. For further information on how to access loan on KiaKia, see the link and commence application as the name implies
SMEDAN: This is 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 by
Aside from 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. For further information and detailed provisions.
Branch: Branch is a bank in your pocket that can be accessible anytime, anywhere and anyday. Branch offers loans from ₦1,000 to ₦200,000. Loan terms range from 4 – 64 weeks. Interest ranges from 14% – 28% with an equivalent monthly interest of 1% – 21%, depending on your loan option. There are no late or rollover fees and no collateral necessary. Interest rates are determined by a number of factors, including your repayment history and the cost of lending for Branch. Standard SMS and data charges by your mobile carrier may apply. it can be accessed using the BRANCH LINK
Above are the Trusted, Tested, Reliable and Faster Quick Online Loan in Nigeria that can be access without a collateral.
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