Emergency online loan in Nigeria: no collateral disburse in minute

There will be a time in our life when we will need cash urgently perhaps to offset bill or to meet other financial obligation but we might be shot of cash and our saving will be noting to write home about, in such situation we are left to beg our neighbor, friends and family and that can bring shame

That is now old thinking because there is now numerous loan company that will give you emergency loan in Nigeria and you know what you don’t need collateral or paper work to get the loan with just a click in on your phone, the loan will be disbursed in minutes.

We at statuppreneur look into these loan company and select the best out of them, our list is made of loan app that do not harass or call out their customer on social media they are professional and you can count on them during emergency situation.

Note we are not affiliated with any of the loan company listed below nor collet anything from them if you think our list contain some bad loan app contact us and we wil remove it right away

Emergency online loan in Nigeria: no collateral disburse in minutes

Palm credit

Palm credit top our list of emergency online loan in Nigeria, they have been in existence quite a while and they do not collateral or paper work before they will give you loan, but if you want to increase the amount you can loan you will need to submit your income statement spanning the 3 month.

They are professional that do not call out their customer on social media or invade your friends and family privacy.

The maximum loan they give out is #100,000 and the minimum loan is #2000 as a first timer your loan will not be up to #100,000 but once you submit your income statement the amount you can loan will increase sporadically.

The interest rate is between 14% to 24% depending on the pay back time, usually the interest rate par month is 4.6% such that if you collect #10,000 loan and want to pay back that month you will pay #10460.

The payback time is 91 days to 180 days depending on the amount you want to loan. Before applying ensure you have valid email, bvn and phone number, these are their major requirement.

Carbon (pay later)

I’m sure you would have been hearing about carbon, they are one of the best loan company we have in Nigeria, they also give emergency loan to their customer i n Nigeria and it is also without collateral or paper work.

Carbon is a big loan company they can loan you up to #1 million at a go but of course as a fist timer you won be able to get this amount but as you continue to take loan form them and pay back in time you will move up the ladder.

Their pay back time is 2 months to 3 months and the interest rate depend on the amount of loan you obtain, usually it is between 15% to 25%. Like palm credit carbon does not drag their customer on social media or invade friends privacy and they do not automatically deduct money from your account.

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To apply for their loan head over to play store or app store, download the Carbon app and request for loan but before that ensure you have Bvn, email and phone number ready.

Their loan is quick, in five minute you will get a credit alert.

Pettycash

Petty cash deal with many segment in Nigeria they give loan to coppers, salary earners and individual but the loan you can get as copper is smaller compare to salary earner who get up to #50,000 loan.

With their recent product called Pettycash+ you can access up to #100,000 emergency loan without collateral. The interest rate depend on the amount of loan you want to take and the pay back time

They do not take time to approve application once you have your bvn, phone number, email address, credit card and income statement ready, in minutes you will get your loan.

Aella credit

Aella credit is a big shark swimming in Nigeria loan industry; they have presence in Nigeria, Ghana and Philippines. They have been proven to be one of the best loan company in Nigeria, they also give emergency loan in Nigeria, within minute of your application your loan will be disbursed.

At a go you can borrow up to #100,000 and payback in 30days to 60 days, their interest rate is one of the best in Nigeria, it is between 4% to 29% depending on the amount of loan borrowed.

To apply head over to play store or app store and request for loan and within minutes your loan will be disbursed but make sure you have not defaulted on any loan before because they will check your credit score before they give you loan.

Branch

Brach is another loan company that gives emergency loan in Nigeria, their loan is easy and hassle free and without collateral. You can get up to #200,000 loan from them and their pay back time is between 4weeks to 6 weeks and their interest rate is between 14% to 20%.

Like other loan app above they are professional, they will not invade your fiends privacy nor call you out on social media.
To apply head over to play store or app store, download and request for their app, it is easy and fast.

Quick check

As their name implies their loan is quick and hassle free, they also give emergency loan to people in Nigeria, if you need urgent cash without collateral they are the go to, they do not take time before approving loan, once you have a valid email address, phone number, bvn you are good to go but ensure you have a good credit score before you apply.

Their interest rate could be up to 29% according to the amount of loan you want to take. The payback time is also depend on the amount you loan.

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To apply download their app on play store or app store, request for loan and submit the needed document such as bvn, email address and others.

Fairmoney

Faimoney will give you loan within five minute after submitting your application in Nigeria, it is ono of the loan company you can count on during emergency, their loan is easy and hassle free without collateral.

They can loan you up to #150,000 at a go and their interest rate start at 5% and can go up to 28% depending on the amount loan taking. The pay back time us 4weeks to 26 weeks isnt that good, they give their customer enough time to pay back but the longer the payback time the higher the interest rate.

Fair money is not only a loan app, you can also use it to pay bill, transfer and you can request for account number.

Migo loan

Migo is a loan company that partner with many bank and telecommunication companies in Nigeria. Migo loan is hassle fee and easy you can get it with just a USSD code (*561# ) on your phones, the phone number you want to use must be connected to your bank account.

Their interest rate is between 5% to 15% and their payback time is a month. They have access to your account so if you default, the amount you owe will be automatically deduct from your account.

Kiakia

Kiakia is a Yoruba word and the meaning is “fast fast. It is a loan company that give emergency loan in Nigeria without collateral, their loan is easy just download their app on play store or app store request for loan, you will be credited in minutes.

They minimum amount you can loan is #50,000 as at the time of writing this article and their pay back time depend on the amount you loan, the interest rate is 3.5% per month.

There are requirement you must meet before they will approve your application and they are

  • Have BVN
  • Be Nigerian and reside in Nigeria
  • Have good credit score
  • Have valid email address
  • Be above 21 years of age
  • Proof of income that span 6 months

Fint loan

Fint loan have one of the lowest interest rate in Nigeria they charge 2% per month isn’t that good but the amount of loan they give out is small it is gear toward people that need to offset emergency bill like paying schools fees, medical bills, house rent and others.

It is easy to apply for loan with them and it take less than 10 minutes before the loan will be disbursed into your account.

Their pay back time is a month and you need to have good credit score before applying with them.

Specta loan

Specta loan give loan to individual and business without collateral, their interest rate depend on the amount you borrow and pay back time.

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Thy are also a professional loan company, you can rest assure that your family or friends will not know about the loan even when you default, they will contact you and give you a flexible repayment plan but make sure you have the means to pay back before you take a loan.

Your credit score should be good which means you should not have defaulted in a loan before, if you have do not border applying

Jumia loan

I know you are shock does jumia also give loan, yes that do through their jumia pay app. With jumia loan you can take loan of up to #200,000 without collateral but of course you need to have account with them and as a first timer you wont have access to #200,000 but as you borrow and pay back on time they will increase the amount you can borrow.

Their payback time is a month and interest rate is 3.5%.
Their loan is easy and hassle free, they are he good to when you need emergency loan to offset a bill.

Okash

Okash is from the tech giant Opramini they also give emergency loan in Nigeria without collateral, their loan amount is small but they have a long pay back time which can be up to a year depending on the amount you loan, their interest rate is 36% per annum.

It is hassle free and you don’t need collateral to access Okash loan
To apply download Okash app on play store or app store fill in your information and apply for loan if you meet their requirement your loan will be disbursed in minutes.

Conclusion

Above is the list of best loan company that give emergency loan in Nigeria, though their feature and product look the same they have some differences like interest rate, before making your choice you can check them out by taking small amount of loan.

Whatever loan you take make sure you have a means to pay back though most of the loan company listed above will not shame you before they collect their loan but they surely have a way to make you pay back what you owe.

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