15 Best Platform To Get Quick Online Loans In Nigeria Without Collateral.

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Quick Online Loans In Nigeria is no longer a subject of doubt; There are various trusted platform to get loan without collateral and with little interest in Nigeria. However, we have listed 15 of them to get you started.

 Quick Online Loans In Nigeria

You can get Quick Online Loans in Nigeria anytime, anywhere and ever go broke again. No long queues. No bulky documents. No long wait times. Just your smartphone or device and QuickCheck .

Not every individual in Nigeria has what they can tender as collateral to access a loan. This is why loans without collateral are very important.

Fortunately today, business owners and individuals can apply for quick online loans without putting up their assets as collateral. Keep Reading…

What is a Loan

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.

Where To Get Quick Online Loans In Nigeria Without Collateral

The following are the website or platform to get quick online loans in Nigeria:

1. SPORTY LOAN

Sporty loan  are committed to communicating openly and honestly to  clients throughout the funding process, while they educate and empower their clients so that they can make informed financing decisions.

They also believe in providing  clients with complete transparency throughout the process, and  take pride in steering  clients towards the healthiest and most responsible commercial financing solutions.

Get instance cash up to N1, 000,000 within 24 hours with no hidden charges and no collateral. This is done under the best customer experience platform in the country with minimum interest rate. Applying for this loans is easy and fast. You enjoy multiple benefits when you take a loan from them. Apply here 

2. CREDIT DIRECT

In preparation for building the next generation entrepreneurs in Nigeria, Credit Direct have provided a platform for serving corps members and others to access  collateral free  loans. To start up a small business, to gain a professional certification, to buy commercial and lifestyle products and urgent cash needs. Learn more

We have made it so easy and most convenient. Packages are suited to carter for all clients in need of startup capital. These loans are Collateral Free that helps corpers grow a business mindset while they prepare for entrepreneurship. Application is online 

3. START CREDITS

Start credits is a  financial system that includes significant numbers of citizens and fosters sustainable growth.

They  provide a free loan, that helps you identify the best loans and interest rates available in your chosen category.

They  offer comprehensive solutions for businesses to increase your credit score and improve your access to loans. Click here to see different category of loan.

4. SMEDAN

Last on the list is SMEDAN, 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.

Aside 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.

5. LYDIA LOAN

Lidya is an online platform that provides businesses access to finance. The platform offers small and medium-sized businesses with unsecured loans of between $500 and $15,000.

According to the founders, “Lidya uses technology and algorithms to assess the risk before granting the loans, it allows them to offer financial products to these customers at a low cost.”

6. GROFIN

GroFin provides Small and Medium Enterprise (SME) finance/business loans across Africa & the Middle East. If you have investible numbers and you looking to expand your business, then GroFin is your best short.

With GroFin, businesses can access business loans between US$100,000 and US$1.5 million. If you think your business ticks the required checklist, then you can submit your online application here.

7. AELLA-CREDIT

Aella Credit 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.

8. QUICKCHECK

QuickCheck is a modern lending platform for individuals and small businesses. QuickCheck uses mobile technology to enable individuals and small businesses to gain access to financial credit.

According to the platform, users can access quick and hassle-free loans of up to 30,000 Naira without any collateral for a duration of either 15 or 30 days.

9. SPECTA

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.

10. FAST CREDIT

FastCredit offers business loans to micro, small and medium enterprises to support business growth. The loans are backed by guarantors and are for a maximum tenor of 6 months for business owners that meet the criteria.

Aside from business loans, they also offer simple and fast ‘all-purpose’ cash loans to employees of corporates such as the banks, TELCOs, Insurance/other financial institutions, FMCGs, Pharmaceuticals, Aviation, Oil and Gas employees etc to enable them urgently meet their consumer needs.

11.  ZEDVANCE

Zedvance 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.

12. PAYLATER

Paylater is an easy and entirely online lending platform that provides short-term loans to individuals and small businesses in Nigeria to help cover unexpected expenses or urgent cash needs.

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.

13. KIAKIA.CO

KiaKia is a 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. Click here

14. ONE-FI

Formerly known as One Credit, OneFi is a credit facility company that offers short-term consumer loans to credit-worthy individuals with limited access to finance.

One-Fi loan repayment cycle is typically between 3 – 6 months, with loan amounts up to N200,000 or more. Click here

15. C24

C24 Limited is a microfinance institution that was established with the sole mission to create an avenue for people to actualize opportunities around them, by helping them access cash loans when they need it.

C24 understands the need for quick cash loans and the necessity of quicker loan processing time. Their online loan process has been optimised to help applicants avoid the stress associated with other loan companies. Click here

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