PLEASE NOTE- Legitportal.com is not a loan service provider. In line with this, all requests for loans, grants and related services made directly to legitportal.com will be ignored. Check out the Top 20 Websites That Gives Quick Loans Without Collateral In Nigeria.
Page Contents
There are many ways to get a quick/urgent/instant loan in Nigeria. With the ever increasing number of digital service financial platforms providing quick loans to prospective customers, you can now get an instant online loan within 24hrs or sometimes in less than five minutes on different loan websites.
A loan is a financial instrument that helps both businesses and individuals to meet financial obligations. However, most lenders often require a form of collateral to serve as security before they give-out the loan to ensure its repayments.
It is a widely known fact that not every person in Nigeria has what they can use as collateral to easily access a loan. This is the major reason why loans without collateral are very important. The good news is that today, a lot of business owners and individuals can now apply for quick online loans without providing any of their assets as collateral.
One of the major problems of doing business in Nigeria is lack of capital. Fortunately, with the new easy and quick online funding options, potential lenders are able to evaluate individuals/businesses creditworthiness and ability to pay back collected loan within a stipulated time frame and may approve an amount of loan based on that assessment.
In this article, we would be discussing 10 websites in Nigeria that offer quick loans to small businesses and individuals without collateral.
On the Zedvance website you can get quick funding that works for you.
There are four major steps to get a loan on Zedvance
Zedvance Nano is a structured digital financing service targeted for small amounts usually lower than the micro financing loan tickets. It is an instant short term loan designed to take care of those moments where you need to bridge gaps in finances for a short while. The loan application and disbursement process takes place in under 5 minutes and a repayable term of 15 to 90days.
Personal credit granted to salary earners employed by either a private or public organization for a monthly loan repayment. These loans are typically backed by salary payments and provided repayment instruments are used to achieve collections till loan expiry.
Loans for SME’s and entrepreneurs looking to take their businesses to the forefront of the market.
How to Apply for a loan on Zedvance Website– Go to www.zedvance.com
GroFin is a specialist, impact-driven financier. They help entrepreneurs succeed by providing them expert advice, continuous guidance, and financing to grow their businesses.
GroFin clients are entrepreneurs and business owners that want to grow their existing business or start a new business. They are committed to their business and need an understanding financier that is prepared to work with them to grow their ventures.
How to Apply for a loan on GroFin Website– Complete an online assessment – Go to www.grofin.com
Carbon (Paylater) empower individuals with access to credit, simple payments solutions, high-yield investment opportunities and easy-to-use tools for personal financial management.
Paylater is a simple, entirely online lending platform that provides short-term loans to help cover unexpected expenses or urgent cash needs.
It’s simple! Just follow the steps below to apply for a Paylater loan:
1. Visit ng.getcarbon.co
2. Register your personal details
3. Choose your desired loan amount and duration
4. Submit your application. You will get a loan decision in seconds.
5. If approved, your account is credited within 5 minutes.
KiaKia is a website that gives you access to personal and small business loans and also enables savers to lend out funds at negotiated interests through intuitive conversations.
The name KiaKia was derived from a Nigerian language which means “Fast Fast”. As they have rightly said, the solution is very simple and fast, but highly effective and efficient.
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.
C24 Capital is a financial institution which provides retail loans for consumers in need of quick financial solutions. You can now get quick online loan without collateral in Nigeria.
C24 Capital offers 3 categories of loans
Their online loan process has been optimised to help applicants avoid the stress associated with other loan companies.
The loan application process takes about 5 minutes and you get a reply from them. Go to c24capital.com
Specta is an online lending platform that gives you loans of up to 5 Million in one transaction all within 5 minutes! No collateral, no paperwork and no visit to any office.
With Specta, you can take care of urgent personal and business needs anywhere, anytime.
Specta has 2 loan products, MySpecta which offers individual loan services and Specta4Business which provides quick and accessible loan for corporates and business owners.
Go to www.myspecta.com and select the type of loan you need.
QuickCheck uses machine learning to predict borrower’s behaviour and instantly evaluate loan applications. The platform is seamless and easy to use.
With the QuickCheck platform, you can get cash in minutes.
Go to quickcheck.ng
Fast-Credit offers business loans to micro, small and medium enterprises to support business growth. If you need to fuel your dreams by getting a loan of up to 3-5 million in less than 24 hours with low interest rates, flexible repayment tenor of up to 15 months and instant loan disbursement, you may want to consider Fast Credit.
There are 3 categories of loan you can apply for on FastCredit-
Go to fastcredit-ng.com
Lidya is the leading platform for small & medium business finance in fast growing economies. Businesses that are looking for 50,000 NGN to 30,000,000 NGN in working capital are able to apply online or via their mobile phone and get a decision in 24 hours.
There are four steps involved in getting loan from Lidya in Nigeria
Go to www.lidya.info
Aella offers Instant Loans In No Time. Whatever your needs, personal or business, you can rely on Aella for a quick, and simple application process to access funds. With Aella you can access non-collateralized loans of up to N1,000,000.
Get one step closer to accessing credit! It’s just a few clicks away.
Go to – www.aellaapp.com/aella-credit
Migo is an embedded lending platform that enables companies to extend credit to consumers and small businesses in their own apps. In addition to accessible credit products, Migo offers free financial resources to support you on your journey.
Migo brings Fast. Easy. Loans your way. Checking for loan offers is completely free. Migo never share your information.
The more you use Migo, the better your offers become. Get lower rates and longer repayment terms, when you take a Migo loan and repay it on time.
Go to www.migo.ng
Payhippo offers you access to loans of up to 3 million naira to help you meet your business needs conveniently. The interest rate is 3.5% per month plus an admin fee of 2.5%. For example, on N100,000, you’ll be paying back N106,000 only!
PayHippo is a technology-powered lending platform. Basically, this digital lender offers loans to small and medium-sized businesses, making it easy for people to finance their businesses.
To get a loan from this Payhippo platform, follow these instructions:
Go to payhippo.ng
SMEDAN, 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.
SMEDAN also provide business owners with hands-on training and support to help them run their business.
If you would like to apply go to smedan.gov.ng| SMEDAN Online Registration Portal for Grant/Loan
We would keep updating on more local and international LOAN AND GRANT opportunities, ensure you subscribe to this website for direct updates. Subscription is free.
We hope this article helped you successfully apply for the QUICK/INSTANT LOAN.
If you liked this article, then please subscribe to our website using your email for more JOB TIPS/AVAILABLE OPPORTUNITIES. Subscription is free.
You can also find us on our
Youthrive Application Portal for SME's by Access Bank. The application portal for Youthrive by Access…
PTDF ISS SCHOLARSHIP 2023/2024 is out.| Petroleum Technology Development Fund In-Country Scholarship Scheme for Undergraduate…
Abuja Electricity Distribution- AEDC Recruitment 2024 A day working at the Abuja Electricity Distribution PLC…
Nigerian National Petroleum Corporation (NNPC) Recruitment Online Portal. NNPC Limited aspires to remain an employer…
NECO Supervisor Recruitment Portal / Application Link. | NECO Supervisor Recruitment Online Portal. Have you…
Army Mil Ng Recruitment| Nigerian Army Recruitment Regular Recruit Intake (RRI). This is to notify…
View Comments
Very interesting to me
I need a loan
How would I get the loan now