Top 15 websites that offers 24hrs loan in Nigeria without collateral in 2020

24hrs loan in Nigeria: Have you ever run out of cash in times of an emergency issues? either to take care of wanted or unwanted personal issues such as paying for medical bills, investing in a business, paying for school fees etc.

In situations like this, seeking for a loan through banks is not a viable options because you have to visit your bank branch, fill out your loan application, than wait for hours before it can be process before even thinking of granting loans to you. isn’t that bothersome?

Now what if i told you that you can get a loan in 24hrs in Nigeria without collateral using only your mobile phone anywhere you are be it at work, home or office.

Yes its through. but before i show you these websites lets me first explain to you what a loan is all about.

What is a Loan

According to Wikipedia, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.

If you know that you have previously defaults on loans or you usually used to pay up your loans late on time. Know that you are likely to generate a bad credit score which means that you are going to find it difficult to obtain a loan and even if you do get one, it will come with higher interest rates.

Top 15 websites that offers 24hrs loan in Nigeria without collateral in 2020

Here is they list of all the top lending companies that offers 24hrs loans in Nigeria without collateral:

1. Specta

24hrs loan in nigeria

Specta loan is an online lending platform powered by the Sterling bank plc. They offer quick online loans in Nigeria up to N5million in 5 minutes without collateral to the Nigerian consumers irrespective of banks to repay at your convenience.

With specta, their aim is to create a simple, convenient, and personalized experience for their customers. They use proprietary data and analytics to review applications and provide approved applicants with loans.

Specta Loan Requirements

Before applying for a loan on specta, make sure to provide these following requirements:

  • Provide any valid means of Identification
  • Sterling bank account (optional)
  • Bank verification number (BVN)
  • Email Address
  • Phone number linked to your BVN.
How to Apply
  • Visit the specta web portal at myspecta.com or apply through the specta loan app.
  • From the list list of loan packages, select any one that suits your needs
  • Create an account
  • Fill in your loan application form
  • Upload your requirements
  • Apply for loans and set it’s repayment date
  • Loan disbursement takes place within 5 minutes.

2. Carbon (Pay later)

24hrs loans in nigeria

Carbon previously know as paylater, is a financial service provided by one finance and investment ltd (RC 1044655), license & regulated by the central bank of Nigeria (CBN) with headquartered in Lagos, Nigeria.

Carbon gives out loans up to N30million to business owners, and up to N1million to salary or non-salary earners without collateral anywhere you are either at home, office or work. As long as you have an internet connectivity with data connection on your mobile phone.

Apart from giving out loans to individuals, carbon also has an investment platform that allows you to earn up to 16% per annum when you invest with payvest. You can also pay bills, recharge airtime, check your credit score or transfer money to any bank account in Nigeria through carbon loan app.

Carbon Loan Requirements

  • Valid means of idemnification
  • Bank account (loan disbursement)
  • Bank Verification Number (BVN)
  • Provide recent 3 to 6 months bank statement of account
How to Apply
  • Download the carbon app from Google play store
  • Create an account
  • Request for a loans
  • Receive your money
  • Repay on time.

3. Page Financial

24hrs loan in nigeria

Page financial services is an innovative retail finance institutions headquartered in Lagos, Nigeria. and Lincense by the central bank of Nigeria (CBN).

Page gives quick and instant loans up to N5million with an amazing interest rate without collateral to the Nigerian consumers who are in need of cash to sort out wanted/unwanted personal issues.

The one thing i love about page is their loan packages which is designed to suits all individuals; from personal loan to payday loans, Page got you covered.

Aside from issuing out loans to individuals, page also have an investment platform that allows you to earn up to 17% return on investment when you should to invest with Page.

How to Apply
  • You can apply either through the page app or via online
  • Fill in your bank verification number to get started
  • Choose your loan packages
  • Create an account
  • Apply for a loan
  • Receive your loans in 5 minutes
  • Repay on time to avoid developing a bad credit score.

4. LMoney

24hrs loan in nigeria

LMoney is a leading salary advance and consumer credit platform owned and operated by Lubeck Capital limited, a registered Micro-finance institution in Nigeria.

LMoney offers 24hrs loan in Nigeria up to N5million with a maximum repayment period to individuals (salary earners or business owners), group of individuals, either directly or via their employers.

LMoney also provide point of sale finance for consumer goods of appliance in partnership with retailers across Nigeria.

Lmoney Loan Requirements

  • Bank account (for loan disbursement)
  • You must be in a paid employment
  • You must have an active salary account
  • You must not be under the age of 22 or above 55 years
How to Apply
  • Visit LMoney website at lmoney.com.ng to complete your loan application form.
  • Fill in your personal details.
  • Use Lmoney loan calculator to determine the terms of your borrowing – (Amount and tenor) and view your expected repayment(s).
  • Submit your application and they will notify you within 24 hours of the loan decision.
  • Loan disbursement takes place within 24hrs

5. Renmoney

24hrs loan in nigeria

Renmoney is one of the, if not the best loan lending platforms in Nigeria that provide 24hrs loan in Nigeria to both salary earners and business owners.

Headquartered in Lagos, Nigeria. You can get loans up to N4 million which conveniently spread across 12 months with an amazing interest rates.

Apart from giving out loans to individuals and small businesses in Nigeria, they also have an investment platform that allows you to earn up to 13% per annum on your investment.

  • Renmoney Loan Requirements
  • Provide recent 3 to 6 months Bank statement of account
  • A government issued ID card
  • Utility bill (optional)
  • Bank account (for loan disbursement)
  • Have a verify source of income
  • Live and/ or work in cities where renmoney operate
  • Must be between 25 – 59 years old.
How to Apply
  • Visit renmoney loan website at renmoney.com
  • Choose either employ or business owner and fill out a loan application form
  • View your loan limits and apply for loan
  • Fill in your personal details
  • Accept it’s term’s
  • Loan disbursement takes place instantly or within 24 hours.

6. Zedvance

24hrs loan in nigeria

Zedvance is a CBN-license financial service provider in Nigeria. Zedvance offers 24hrs loan in Nigeria up to N5million to salary earners, self employed, SMEs and entrepreneur’s who are looking to take their business to the forefront of the market, in the most efficient and convenient manner.

Zedvance loan requirements

  • You must have an active salary account
  • Be in a paid employment
  • Not under the age of 22 or above 55 years
  • You must not be less than 22 or above 55 years.
  • Provide any valid means of identification (National ID, international passport, driver’s license).
  • One passport photograph.
  • Recent 6 months bank statement of account.
  • Employment ID Card.
  • Employment letter.

If you are an outsourced employee or your employment has not been confirmed, you will be required to provide a guarantor who must be a permanent staff of a firm and must have capacity.

How to Apply
  • Download and install the Moneypal app by zedvance from Google play store. Or you can apply through Online.zedvance.com. or through chatting with Zee on WhatsApp Here.
  • Fill out a form (name, email, phone number linked to your BVN, BVN, bank account – where your money will be disbursed, date of birth)
  • View your loan limits and set it’s repayment date
  • Based on your risk assessment score, your interest rate will be shown to you
  • Receive your loan within 5 minutes directly to your bank account
  • Repay on time to increase your loan limits.

7. Fint

24rs loan in nigeria

Fint is Nigeria’s first loan marketplace that connect lenders who are looking for a competitive returns with credit-worthy borrowers that are looking for short term personal loan.

Individuals can borrow up to N1million while business owners can borrow up to N20million with amazing interest rates and a maximum repayment period of 12 months.

Fint has an automated, simple to use, transparent and hassle free loan system, which ensures the borrowing needs of its users are met quickly and efficiently. thereby, connecting lenders and borrowers in the debt financing space, with fint, it’s a win win situation for both the lenders and borrowers.

Fint loan requirements

  • Valid means of identification
  • Bank Verification Number
  • Recent 3 months bank statement of account
  • Must be in a paid employment.
How to Apply
  • Visit fint website at fint.ng
  • Register by creating an account
  • Fill in your personal details
  • Upload your requirements
  • View and apply for a loan base on your limits
  • Receive your money within 24hrs
  • Repay on time to increase your limits.

8. Kiakia

24hrs loan in nigeria

Kiakia is a Yoruba word which simply means quick-quick. It is owned, managed, and administered by kiakia bits ltd in Nigeria.

The Abuja-based financial lender provides quick and instant online loans in Nigeria up to N5million to individuals who are either salary earners or small scale business owners with terms ranging from 14 days – 30 days.

Kiakia uses digital forensics, big data and machine learning for credit scoring and risk assessment. This enables kiakia to manage it’s credit process to give out loans to individuals and business owners

Upon visiting the kiakia loan website, you will notice that kiakia makes use of a virtual agent who paraded himself as Mr.K that works you through the process of registration and performing other activities through its website.

Kiakia loan requirements

  • Provide recent 3 to 6 months bank statement of account
  • Email address (where your 6-digit verification code will be sent)
  • Bank account (for loan disbursement)
  • Bank verification number (BVN).
How to Apply
  • Visit kiakia website at kiakia.co
  • Click on Apply to proceed
  • Fill in your details
  • Apply for loan
  • Receive your funds within 24 hours if being accepted directly to your bank account.

9. Migo

24hrs loan in nigeria

Migo is a cloud-based loan platform in Nigeria that enables companies to offer funds up to N500,000 to their customers, augmenting traditional bank and payment card infrastructure, with a maximum repayment tenure and much lower interest rates on fees.

Telecommunication companies and merchants integrate migo in their apps and migo underwrites customers to provide them with a digital account and credit line.

The customers can use this credit line to make purchases from a merchants or withdraw cash without the need for point-of-sale hardware or plastic cards.

Migo Loan Requirements

  • When applying for a loan on migo, you are expected to provide these following requirements:
  • Bank account
  • BVN
  • Phone number linked to your account
  • Valid means of Identification (optional)
  • You must have an account in any of these following banks; UBA, Gtbank, First Bank, Access Bank, Fidelity Bank, FCMB, Heritage Bank, Skye Bank, Union Bank, Stanbic Bank, Zenith Bank, Wema Bank and Unity Bank.
How to Apply
  • Visit migo official website
  • Start your loan application by entering your phone number linked to your bank account
  • Enter the OTP password sent to your phone number to verify your identity
  • Browse and view your loan offers and repayment term
  •  Enter your personal details
  • Loan disbursement takes place within 24hrs if being accepted.
  • You can also get a loan by dialling *554*561# (Airtel users) or *561# (non Airtel users) and follow the on-screen command.

10. Creditville

24hrs loan in nigeria

Creditville is an asset management company and a private lending institution registered in Lagos, Nigeria. with business interest in consumer finance, real estate and capital markets.

They offers cash loans up to N5million with over 6 months repayment period, to individuals who are either salary earners or small scale business owners to meet their financial needs and wants.

Creditville offers three distinctive consumer facilities; payday loans, business loans, car loans for salary earners and a cab lease/Hire purchase scheme.

Creditville business loan requirements

  • Any valid means of identification (National ID card, international passport or driver’s license)
  • Last 6 months bank statement of account
  • One passport photograph
  • Post dated NUBAN cheque from the client
  • Certificate of incorporation and/or memorandum of association
  • A suitable guarantor who is a staff of any commercial Bank in Nigeria, a senior management staff of a blue Chip (quoted) company or a senior civil servant from grade level 14 and above, who will provide the following: Employment/Confirmation letter, One updated NUBAN cheque, Copy of staff ID card and filled guarantor form provided by creditville limited.
How to Apply
  • Visit creditville website at creditville.ng and click on Apply
  • Fill in your personal details and your loan amount
  • Select any loan packages that suits your needs
  • Upload your requirement
  • Receive your money within 5 hours directly to your bank account
  • Repay on time to increase your limits.

11. Fairmoney

24hrs loans in nigeria

Fairmoney is a licensed online lender, that provides instant online loans in Nigeria up to N5million without collateral and bill payment to through the fairmoney loan app which can be installed via Google play store (Android users) or through Apple play store (iOS users).

They started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the products to Western Africa and South-East Asia.

They are a team of 45 between Paris and Lagos in engineering (Android, Data, Backend), products, marketing, customer service and operations.

You can also renew your cable TV subscription and recharge airtime/data with a -10% discount and no transaction fees.

Fairmoney loan requirements

  • Provide any valid means of identification
  • Recent 3 to 6 months bank statement of account
  • Bank account details (for loan disbursement)
  • Bank Verification Number (BVN)
How to Apply
  • Download and install the fairmoney app
  • Sign-up with your phone number linked to your BVN
  • Click “Apply” on the home page
  • Answer a few simple questions
  • Receive a loan offer
  • Select amount and repayment tenure
  • Accept loan offer
  • Loan disbursement takes place instantly.

12. C24

24hrs loans in nigeria

C24 is one of the best loan lending companies in Nigeria  that offers quick loans without collateral to individuals who are either salary earners or small scale business owners to help solve all their personal needs.

C24 loan offers personal loan, business loans and quick cash loans up to N3million with a flexible repayment period of  3 – 12 months with an amazing interest rates.

C24 loan requirements

  • Provide any valid means of identification
  • Utility bills
  • One recent passport photograph
  • Recent 3 to 6 months bank statement of account
  • Bank account (for loans disbursement)
How to Apply
  • Visit C24 website at C24ng.com for your loan application form
  • Register by creating an account
  • Add your personal details
  • Based on your loan limits, select amount and repayment terms
  • Answer a few questions
  • Accept it’s terms and conditions.
  • Loan disbursement take place within 5 minutes of applying.

13. Lidya Nigeria

24hrs loans in nigeria

Lidya is a USA holding financial institution that provide access to credit and finance across frontier and emerging markets. Available in Nigeria, USA, Czech republic, Poland and Portugal.

Lidya provide 24 hrs loan in Nigeria up to N30million without collateral to business owners to expand or build their business and generate more income.

To assess credit risk lidya uses close to 100 data points to evaluate businesses, build a credit score unique to each business, and disburse 24hrs loan in Nigeria.

Lidya loan requirements

  • Provide bank account details(for loan disbursement)
  • You must be a business owner
  • Provide recent 3 to 6 months bank statement of account
  • Provide phone number linked to your bank account.
How to Apply
  • Visit lidya website at lidya.co
  • Select your country of residence
  • Apply for loan
  • Fill in your details
  • Upload your requirements
  • Loan disbursement takes place within 24hrs or 48 hours at most.

14. Ferratum Nigeria

24hrs loan in nigeria

Ferratum is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices.

Ferratum gives you a short term/payday loans based on your country of residence. In Nigeria, you can get a loan up to N10,000 to repay in 14 days time. But only to salary earners or business owners who lives and works in Lagos, Nigeria.

If you lives in other states in Nigeria aside in Lagos, am sorry to announce that you can’t get a loan on Ferratum.

Founded in 2005 and headquartered in Helskini, Finland. And was listed on the prime standard of Frankfurt stock exchange under symbol ‘FRU’.

Since it’s inception, Ferratum has quickly expanded in over 24 countries across Europe, Africa, North and South America and the Asia-Pacific region.

Ferratum loan requirements

  • You must be a salary earner or business owner.
  • You must not be under the age of 18 or above 55 years
  • Bank account details (for loan disbursement)
  • Last, you must live and work in Lagos, Nigeria.
How to Apply
  • Dial Ferratum loan USSD code *322*6#
  • Accept it’s term’s and conditions
  • Create an account
  • Apply for a loan
  • Receive your money within minutes of applying
  • Repay on time to increase your loan limits.

15. Quickcheck

24hrs loan in nigeria

Quickcheck is a micro-lending mobile platforms in Abuja and one of the loan site in Nigeria that provides collateral-free loans up to N500,000 with an amazing interest rates.

Quickcheck loan offers quick and instant online loan in Nigeria to individuals who are in a paid employment or business owners looking to take their business to much higher levels.

In other to determine your loan offer, quickcheck use machine learning to predict borrower’s behaviour and instantly evaluate loan applications.

They aim at offering digital financial services to help you get closer to your personal and business goals.

Quickcheck loan requirements

  • Provide any valid means of identification
  • You must be a salary earner or business owner
  • You must live and work in Nigeria
  • Bank account details (for loan disbursement)
  • Bank statement of account (to monitor the inflow and outflows of funds)
  • Credit score (to help determine your loan offer and interest rate).
How to Apply
  • Download and install the quickcheck loan app from Google play store
  • Register by creating an account
  • Enter your personal details
  • Browse and view your loan offer
  • Apply for loan
  • Loan disbursement takes place in 24hrs if being accepted.

Conclusion on website that offers 24hrs loan in Nigeria

There are many loan sites in Nigeria that offers 24hrs loan in Nigeria that are not listed in these article. It doesn’t mean that they are fake and cannot be trusted. But these companies listed above are purely based on the opinion of the writer.

If you found this information to be useful, please feel free to share it to your social media account so that others can learn and benefit from it.

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