5. FairMoney

FairMoney is a licensed loan application that provides fast loans to look after requirements like bill payments. It needs your Bank Verification quantity as well as your debit card to have that loan (from ₦2,500 to ₦150,000). Loan passions on FairMoney start at 5% and that can develop as much as 28per cent dependent on simply how much you may be borrowing. Additionally, a loan is run by it term duration of 4 – 26 weeks.

In the event that you repay your loan prior to the deadline on FairMoney, you’d repay at an interest rate that is reduced.

6. Migo

Formed away from a partnership between businesses, banking institutions, as well as other technology organizations, Migo is just a platform where you could get a loan that is quick Nigeria. Together with your Bank Verification quantity (BVN) as well as your account quantity, you are able to access as much as N500,000 instant collateral-free loans.

You can access Migo’s lending services their internet screen, or even the loan software. You can use the Migo USSD code if you don’t own an internet-enabled device.

You can examine this post out to look at USSD rule for loans in Nigeria.

Based on just how money that is much borrow, Migo fees 5 – 15% on loans along with to settle between 14 – thirty days.

It offers revolutionary economic solutions towards the economically underserved mass retail portion. It’s a straightforward, digital-finance-management platform providing you with quick money loans to simply help protect unanticipated costs or urgent money requirements.

7. Lidya

Lidya is amongst the leading loan providers in Nigeria. It established in November 2016 having a objective to shut the credit space, in both Nigeria and across growing areas.

Companies looking for that loan at Lidya may do therefore online or via their phone that is mobile and a choice within a couple of hours pending all requirements are happy.

The mortgage quantity at Lidya ranges from N150,000 and above with an intention price of 3.5per cent each month.

8. Kiakia

KiaKia Loan is really a platform where you may get a loan in Nigeria as someone or a small business. Supported by Sterling Bank Plc, the financing platform additionally enables savers to provide out funds at negotiated passions through intuitive conversations. Its minimal loan quantity begins at N50,000 with an intention price of 3.5per cent per thirty days.

9. Personal Lender

Personal Lender is just a financing solution according to social reputation on mobile, online, and media that are social. It bridges the space of instant investment access if you have restricted usage of credit that is formal.

Featuring its very own algorithm that is proprietary perform social review of this individual on social networking, on the internet and other associated platforms, personal Lender offers social reputation rating to every individual.

10. QuickCheck

QuickCheck provides as much as NGN 500,000 instant loan online in minutes in Nigeria. As a very first time individual|time that is first}, nevertheless, you can easily just access up to N10,000 for a time period of thirty day period.

Early payment of loans guarantees reduced rates of interest online payday loans South Dakota and greater quantities. also, passions on loans are just covered the quantity of times you employ the mortgage.

Like many loan platforms, QuickCheck requires your BVN for protection and verification purposes; and bank account quantity for disbursal of the approved loan.

11. C24 Loan

C24 Loan is yet another platform where you are able to obtain an urgent loan in Nigeria. Their loan that is online application be finished within five minutes after which it application feedback is provided for you very nearly straight away.

They’ve a repayment that is flexible and that means you don’t need to hurt you wallet to payback.

The mortgage platform claims to have empowered over 150,000 customers with loans of over NGN 5 billion.

12. Fint Loan

Fint Loan grants you usage of loans that are affordable. That is one of many loan providers in Nigeria that provides you the chance to borrow at as little as 2% monthly for the lease, medical bills utilities, college charges yourself along with your co-workers once you register your organization on the FINT work model.

13. Specta Loan

Specta loan is the supply for an urgent situation loan in Nigeria. The business provides 3 various loan services and products including:

  • MySpecta – for quick loans all the way to NGN 5m in 5 minutes
  • SpectaScore – for checking your credit standing and forecasting your networth
  • Specta4Business – for accessing loans


There are many other networks which can be used to get into loans without security. Nonetheless, it really is clear that fintech companies are leading in terms of accessing immediate loans and responding to issue ‘where to borrow funds in Nigeria’ with platforms like Quickteller Loan, Page Financials and Palmcredit Loan. They will have proceeded to enhance and upgrade their solutions in tandem with customer’s requirements at a offered time frame.