Emergency! Emergency!! Emergency!!!
That nine letters world people rarely take it serious in Nigeria they do not even think there will be a day they will need cash urgently but alas it happen and it will continue to happen.
Many people have lost their live because they couldn’t get cash to treat them at hospital; many businesses have fold up because their cash flow plummeted suddenly.
But Good news there is now a way out, you can get 24hrs loan in Nigeria without collateral or paper work just with a click on your phone the loan will be disbursed in minutes. You can offset any emergency bill and pay back when you have the cash, no sudden business closed up due to no cash, no death in hospital because of no cash thanks to Fintech in Nigeria.
At startuppereneur we take our time to research the loan company that give 24 hours loan in Nigeria and that have a good payback time, we exclude any loan app that is known to harass their customer, so we are sorry if you did not find the loan company you have in mind in this article
Note the list is not in any particular order
24rs loan in Nigeria (easy to apply and no collateral)
Migo loan
Our first on the list of 24hrs Loan Company in Nigeria is Migo loan, they are one of the loan company that give loan quickly in Nigeria, they work with bank and telecommunication companies.
To get loan from them dial their USSD code on your phone or visit their website, if you use ussd code immediately you dial it, it will bring the amount of loan you can get, if you transact regularly with your bank account you will get access to more money.
Their payback time is in month, but their interest rate is much between 15% and 40% according to the amount you loan.
If you have any emergency that involve cash you can cunt on them.
Branch loan
If you are looking for professional loan company that treat their customer well, branch loan company is the go to, they do not harass nor call out their customer on social media. With branch you can obtain loan of #200,000 maximum and #1,000 minimum.
They have a good interest rate which ranges from 15% to 30% depending on the amount of loan request for. Their pay back time is long you can pay back between 4weeks to 40weeks but know that the longer the pay back time the higher the interest rate.
Branch is not only based on loan in fact they are a mobile money were you can save, transact and pay bill. If you save with them you will have 20% interest on your saving annually.
To apply, download their app on play store or app store, request for loan and in 24 hourrs or less your account will be credited.
Aellacredit
Aella credit disburse loan to requester in 24rs or less they are also professional like branch and have been in the loan industry for a long time. They have presence in Nigeria, Ghana, and Philippines with many employees working in the company.
With Aella credit you can obtain up to #700,000 with interest rate that ranges between 4% to 29% and they payback time is between 1 to 2 months.
Like branch they also have option to transact, pay bill and invest. If you invest with them you will get 26% interest rate annually.
So far they have good rating and review on play store and apps tore which shows they know what they are doing.
Fairmoney
This is another company that gives 2hrs loan in Nigeria, they have one of the best pay back time in Nigeria which is between 4 weeks to 26 weeks, you can obtain loan as much as #150,000 with them but as first timer what you can request for will be small.
Their loan is hassle free, easy and does not require collateral or documentation, their interest rate ranges from 5% to 20%
They also have option for people to pay bill, transact and they also give free bank account.
Lidya
Liday is a loan company that focus on business, they disburse loan to business who meet their requirement such as evidence of monthly cash flow, BVN, valid email address, physical address and phone number.
They loan business up to #150,000 with interest rate of 3.5% and pay back time of 1 month. If you want a quick loan for your business they are the go to, but ensure you have the 6 months cash flow ready before you apply.
Kiakia
Kiakia is very fast in disbursing loan to requester, once you met their requirement such as been a Nigerian and reside in Nigeria, have a daily income and have good credit score the loan will be send to your account within 24 hours.
The pay back time depends on the amount of loan you request for but it is usually in 1 month, the interest rate for a month is 3.5%.
Quickcheck
Quicjkcheck is another loan company that give instant loan in Nigeria, they give loan of up to #500,000 at a go but as first timer you can’t get up to this amount. Their pay back time is in month and they have a good interest rate.
Before applying to this loan company ensure you have good credit score by not defaulting on nay loan before.
Their loan is quick and hassle free once you meet up with their requirement such as BVN, good credit score you are good to go.
Social lender
Social lender gives 24 hours loan in Nigeria without collateral or documentation but they do this with different approach; they check your credit worthiness with your social media reputation.
Let say you are known to cause mayhem on social media or abuse people a lot or you have few heavy people you will not get the loan
They believe people with good reputation online will be able to pay back, if you meet their criteria you have a chance to obtain loan of up to #300,000 of course this not possible for first timer. You can apply for on their app or use ussd code.
Specta loan
If you are in dire need of cash spectra is the go to, if you meet their requirement they will credit your account in minutes and you don’t need collateral or documentation.
They have a good pay back time and good interest rate which ranges between 26% to 30% depending on the amount you request for.
Before applying to Specta you must be a Nigeria and reside in Nigeria, above 21 years of age, have good source of income, and have BVN
To apply you download their app on play store for android and app store for iPhone and request for loan, you can obtain up to #1millo within 24hrs.
Jumia loan
Jumia loan is subsidiary of jumia an ecommerce store in Nigeria, they also provide a quick loan that you can get in 24rs for people but you have to download jumia app pay before you can apply for the loan.
You can loan as much as #200,000 with interest rate of 3.5% and the payback time is in month. Jumia loan is hassle free, easy and does not require collateral or guarantor.
Okash
Oksh is own by Opramini a web bower in Nigeria. With Okash you can obtain up to #500,000 in 2hrs without collateral or documentation.
The pay back time can be as long as a year but the interest rate is very high at 36% per annum, this shows that the longer the pay back time the higher the interest rate. Like others above, it is easy and hassle free.
Fint loan
Fint loan only give loan to business and at a very small interest rate of 2%. It is easy and does not require collateral but you must have your bvn , phone number, email address and monthly cash flow ready. The pay back is in month and you can loan up to #200,000 at a go.
Rosabon
Rosabon give loan of up to 5millon naira without collateral or guarantor but you must have a national id card, bvn and a source of income before you can apply with them, they have good interest rate and their pay back is in month depending on the amount you borrow.
Carbon
Carbon is also a professional app that will give you loan within 24hrs in Nigeria, they do not request for collateral or paper work once you have your BVN you are good to go.
Carbon give loan of up to 1 million naira but as a first timer you won’t get this kind of money.
Their interest rate is between 5% to 15%. To use them go to play store or app store download their app and request for loan within 24 hours or less your account will be credited.
Palmcredit
Palmcredit is a popular loan company in Nigeria, most that use them testify that they know what they are doing, Palmcredit give up to #100,000 loan at a go and interest rate range from 91 days to 180 days.
They do bot request for collateral or guarantor with just your BVN, email address you are good to go.
But one thing, ensure you have not defaulted on any loan before because Palmcredit will calculate your credit score before they will give you loan.
Zedvance loan
Zedvance loan will give you loan of up to 5 million naira without collateral or paper work, don’t let that five million shock you, as a first timer you are not getting that close it is way lower than that.
Their loan is disbursed within 2hrs and it is hassle free, the interest rate depends on the amount of loan request for but usually it ranges between 15% to 30%.
Alat loan
Aalt is an online bank developed by Wema bank, they also offer instant 24 hours loan to their customer in Nigeria, but you must have a Wema bank account before you will be able to apply for loan and also the amount that will be available to loan depend on your transaction volume per month.
It is easy and does not need a collateral, but do not loan more than what you can’t pay back remember it is your account; they will deduct the money anytime there is a deposit.
Kuda loan
Kuda loan is an only online bank in Nigeria, they also have option for their customer to request for overdraft and the amount to request depend on your transaction volume per month.
The pay back is period 1 month but if you pay back before that time your interest rate will be reduce.
Conclusion
Above are the company that offers 24hrs loan in Nigeria without collateral or documentation, we have done our part it is left for you to visit this platform and check them out, I will advise you to borrow less money till you find one that tick your box.
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