Need a loan? Check out these top lending websites that gives 24hrs loan in Nigeria without collateral on a daily basis. But before we commence let's first understand what loans 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.
24hrs loan in Nigeria are solely design for salary earners or business owners who are in need of money to take care of urgent or emergency personal issues which can not be solved by depending on cash at hand or by savings.
Table of Contents
- Basic requirements needed before seeking for 24hrs loan in Nigeria
- Website that offers 24hrs loan in Nigeria
- Conclusion
Basic requirements needed before seeking for a 24 hrs loan in Nigeria
Here are the basic things to note before applying for a 24hrs loan in Nigeria:- You must be live and work in Nigeria.
- You must not be under the age of 20 or above 60years.
- You must have bank account
- You must provide your recent 3 - 6 months bank statement of account
- You must provide your letter of employment
- You must have a government issued ID card.
Top 10+ Best Loan Lending Platforms that offers 24hrs loan in Nigeria
Here is they list of all the top lending companies that offers 24hrs loans without collateral 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. They offer 24hrs loan in Nigeria up to N5million with a maximum repayment period of 12 months 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.
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 or business loans, with low interest rates. Individuals can borrow up to N1million while business owners can borrow up to N20million with 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.
1. LMoney
LMoney is a leading salary advance and consumer credit platform owned and operated by Lubeck Capital limited, a registered Micro-finance institution in Nigeria. They offer 24hrs loan in Nigeria up to N5million with a maximum repayment period of 12 months 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.
How LMoney Loan Works
- Visit LMoney website at LMoney.com.ng
- Complete your LMoney loan application form
- Submit your requirements
- Within a minute, LMoney team will review the information provided by you
- Receive your money within 5 hours of loan approval directly to your bank account.
2. Carbon (Pay later)
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 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.
How Carbon Loan works
- Download the carbon app from Google play store
- Create an account
- Request for a loan
- Receive your money
- Repay on time.
3. Page International Financial Services Limited
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 or unwanted personal issues.
The one thing i love about this company is their loan packages which is designed to suits all individuals; from personal loan to payday loans, Page loan got you covered
How to Apply
- You can apply either through the page app or via online
- Register by creating an account
- Fill in your page loan application form
- Choose your loan packages
- Apply for a loan
- Receive your loans within 5 minutes or at most 24hrs
- Repay on time to avoid developing a bad credit score.
4. Renmoney
Renmoney is one of the, if not the best loan lending platforms 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 when you choose to invest with renmoney.
How Renmoney loan works
- Visit renmoney loan website at renmoney.com
- Choose either employ or business owner and fill out a form
- View your loan limits and apply for loan
- Fill in your details
- Accept it's term's
- Loan disbursement takes place instantly.
5. Fint
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.
How Fint loan works
- 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.
6. Kiakia
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 loan 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
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 takes you through the process of registration and performing other activities through its website.
Migo is a cloud-based loan platform in Nigeria that enables companies to offer loans up to N500,000 to their customers, augmenting traditional bank and payment card infrastructure, with a maximum repayment tenure, with 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.
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. They offer three distinctive consumer facilities; payday loans, business loans, car loans for salary earners and a cab lease/Hire purchase scheme.
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. They provide loans 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 in Nigeria gives you fund's up to N30million without collateral to individuals who are business owners to repay within 2 - 24 months time which comes with a much lower interest rate.
Ferratum is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices. 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. They offer loans based on your country of residence. In Nigeria, you can get a loan up to N10,000 to repay in 14 days time.
Snapcash is a micro-lending platform from Sterling bank unlike specta loan. SnapCash provides a 24hrs loan in Nigeria up to N50,000 with a maximum repayment period of 30days to young people with a bank verification number (BVN) and a debit card. You don't need to have a Sterling bank account before applying for loans. Any bank account in Nigeria is applicable.
How Kiakia loan works
- Visit kiakia website at kiakia.co
- Click on Apply to proceed
- Fill in your details
- Apply for loan
- Receive your money if being accepted
7. Migo
Migo is a cloud-based loan platform in Nigeria that enables companies to offer loans up to N500,000 to their customers, augmenting traditional bank and payment card infrastructure, with a maximum repayment tenure, with 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.
How migo loan works
- 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.
8. Creditville
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. They offer three distinctive consumer facilities; payday loans, business loans, car loans for salary earners and a cab lease/Hire purchase scheme.
How creditville loan works
- Visit creditville website at creditville.ng and click on Apply
- Fill in your personal details and your loan amount
- Upload your requirement
- Receive your money within 5 hours directly to your bank account
- Repay on time to increase your limits.
9. C24
C24 is one of the best loan lending companies that offers quick loans without collateral in Nigeria 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.
How C24 loan works in Nigeria
- Visit C24 website at C24ng.com for your loan application form
- Create an account by filling in a form
- Select amount based on your limits and repayment term
- Add your personal details
- Receive your loans within 5 minutes of applying.
10. Lidya 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. They provide loans 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 in Nigeria gives you fund's up to N30million without collateral to individuals who are business owners to repay within 2 - 24 months time which comes with a much lower interest rate.
How Lidya loan works in Nigeria
- Visit lidya website at lidya.co
- Select your country of residence
- Apply for loan
- Fill in your details
- Upload your requirement
- Receive your money within 24hrs directly to your bank account.
11. Ferratum Nigeria
Since it's inception, Ferratum has quickly expanded in over 24 countries across Europe, Africa, North and South America and the Asia-Pacific region. They offer loans based on your country of residence. In Nigeria, you can get a loan up to N10,000 to repay in 14 days time.
How Ferratum Loan Works in Nigeria
- 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.
12. SnapCash
Snapcash is a micro-lending platform from Sterling bank unlike specta loan. SnapCash provides a 24hrs loan in Nigeria up to N50,000 with a maximum repayment period of 30days to young people with a bank verification number (BVN) and a debit card. You don't need to have a Sterling bank account before applying for loans. Any bank account in Nigeria is applicable.
How Snapcash loan works
- Visit snapcash website at snapcash.ng
- Register by creating an account with either your Facebook or Twitter account
- Fill in your details
- Apply for loans based on your limits
- Receive your money within 5 minutes if accepted.
Conclusion
There are many lending companies that offers 24hrs loan in Nigeria that are not listed here. It doesn't mean that they are fake and cannot be trusted. But these companies listed above are purely based on the choices of loansnigeria.com
Please note: all the data you choose to share with any of these lending companies are 100% secured from any third parties access. If you found this article on 24hrs loan in Nigeria to be useful, please don't hesitate to share with others. Thanks.
