Among segment of people that loan company target in Nigeria, salary earners are the top of the list, why? Because they already have a source of income which means they will be able to pay back on time, and in truth there are less defaulters coming from these segment since they usually pay back in due times.
But yet there are still some in Nigeria that do not know that there is loan for salary earners in Nigeria and you know what these loans are without collateral and hassle free, it is enough running from one uncle to another when there is urgent need of cash with just a tap on your phone your loan will be disbursed in minutes.
In this article we will be listing the top loan company that can give you loan till you receive your salary our list contain professional loan companies that do not call out their customer or collect double of their money.
List of Loan for salary earner in Nigeria
Credpal
Credpal is one of the best loan companies that give loan to salary earner in Nigeria and it is without collateral. With Credpal you can get up to 5 million naira but you must have been with them for long before you can access this huge loan as first timer the loan will be smaller than that.
Their interest rate is 3.5% per month and you have 12 months opportunity to pay back all your loan.
Another interesting thing about Credpal is that they are in partnership with many restaurant and store; you can buy on credit with this store once you have Credpal account.
To head over to play store or app store, download the Credpal app and request for your loan it is easy and hassle free with just a click your loan will be disburse but before applying you should have your income statement ready, your bvn, your phone number your email address.
Carbon
Carbon is one of the professional loan companies we have in Nigeria, it is easy to get loan with them and you stand a chance of collecting up to 1 million naira loan.
The interest rate depend on the amount you want to loan and the pay back time which can be up to 12 months but know that the longer the payback time the higher the interest rate.
Carbon is mobile money therefore you can also can make transfer, save and request for credit card. When you pay your loan before the due date you will pay less interest rate.
To apply head over to app store for iPhone user and play store for android user, download and request for loan it won’t be long before your account will be credited.
Before applying ensure your credit score is good you should not have defaulted on any loan before.
Specta
Specta is another loan company that cater for salary earners in Nigeria, with them you can get up to 5 million naira loan but as a first timer what you can access will be small but as you continue to take loan and pay back, your credit worthiness will soar up and you will be able to access large loan.
They give loan to anybody in Nigeria, no physical barrier and they do not request for collateral. The interest rate is 23% to 30% per annum and their payback time ranges from 6 to 12 months.
Specta also give loan to business in Nigeria but you must have your cash flow ready and your physical address. To apply head over to play store or app store to download their app and request for loan it is easy and does not take time.
Jumia loan
Do you know you can take loan from jumia, I bet you dont jumia also give loan through their subsidiary app called jumia pay though it is not targeted at salary earner, everybody can take loan from them provided that they have account with them.
It is easy and hassle free in fact it is one of the best loan company that give instant loan in Nigeria. Their payback time is 1 month and the interest rate is 3.5%. The amount you can loan can be up to #200,000 without collateral.
To apply head over to play store or app store download the app, register with your details and request for loan if you meet their requirement your loan will be disbursed in minutes.
Before applying get you bvn, email address ready and ensure you have good credit score.
Quickcheck
This is another loan company that give loan to salary earners in Nigeria. Their loan payback time is 3 months and the interest rate depends on the amount you loan.
Their loan application and disbursement is fast once you meet their requirement such as having bvn and good credit score. On the issue of credit score Quickcheck use AI to check your credit worthiness so if you have default on a loan before there is no way you will access their loan.
They give loan of up to #200,000 for repeated customer but for first timer you can only access #10,000, small isnt it, as you move on with then you will be access more loan.
Kiakia
Kiakia loan is very fast within five minute your loan will be disbursed, the minimum amount of loan here is 50,000 isnt that much, yes it is that is why they require too much before you can access loan, you need to get your ID card, income statement, bvn and other of your details ready.
Their interest rate is 3.5% per month and the payback time depend on the amount you loan.
Their loan is fast, easy and hassle free, to apply head over to play store or app store, register and request for loan, but make sure your credit score is good.
Cool bucks
As their name implies they give cool bucks, you can get up to 5 million naira loan without collateral from them, their primary target is salary earner and they have a long payback time their maximum payback time is 12 months while the minimum time is 3 months, they want you to have peace of mind when paying back.
Their interest rate per month is 3.5% that means if you take loan for minimum of 3 months your interest rate will be 10.5%
Their requirement are bvn, income statement, ID card, email address and physical address, you can submit all this with your phone and once you meet their requirement your loan will be disburse in less than 10 minutes. They also check credit score so if you have defaulted before do not go to them.
Bridge
Bridge is another loan company that target salary earners in Nigeria, they give loan of up to 5 million naira without collateral. You can submit all their required document on their website and request for your loans. Their interest rate is 3.5% and the payback time is between 2 months to 19 months.
Their loan is a little bit stressful because their website can be frustrating sometime but once your application is accepted your account will be credited in not time.
X3 loan
X3 loan give loan to salary earners and other individual in Nigeria, they give out loan of up to 5m naira but as first timer you may not access more than #50,000, their payback time is good between 2 to 12 months but their interest rate is bad, they charge 5% interest rate per month, is not t that outrageous only use them if other loan company is not working for you.
They are fast in approving application and disbursement as long as you meet their requirement, the loan will be sent to your account within minutes.
Before applying get your bvn, income statement, ID card, email ready and ensure you are credit worthy.
Credit direct
It is tough getting loan from Credit direct but they sure give loan to salary earners in Nigeria, you must get your ID card , bvn, email address and other document ready some time they may ask you to come to their location.
Their loan is not hassle fee and not easy but they are legit they give out loan of between #100,000 to 25 million naira with interest rate of 5%.
Kuda bank
The bank of the free, also give loan to salary earners in Nigeria in fact to anybody but wait do you even know kuda bank?
Kuda bank is an online bank in Nigeria they carried out all their banking service online such has saving, transferring creating account and others they also a have feature where you can borrow money they call it overdraft and the loan can be as much as #200,000 naira the amount you can access depend on your transaction volume per month.
The interest rate is 0.3% per day and you have maximum of 1 month to pay back.
It is easy and hassle free, they do not require collateral and paper work. To use them head over to app store or play store and download their app.
Fair money app
Fair money is a popular loan app in Nigeria, I’m sure you would have heard about them, they are professional who will not call you out on social media or invaded your fiends privacy, but borrow what you can pay back because they will surely collect their money.
They give loan of up to #100,000 naira but as a first timer you wont get up to #100,000 and the payback time can be as long as 3 months. Their interest rate is between 15% to 30% depending on the amount you want to lend.
They are easy to use and does not require collateral, with your bvn you are good to go. To use them head over to play store or app store and request for loan within minutes it will be send to your account.
Branch
Branch give loan of up to #200,000 without collateral or documentation and their loan is fast, easy and free of hassle. They have one of the longest payback period in Nigeria, which is 4 weeks to 64weeks with ingest rate of 14% to 27% depending on the amount of loan taking.
They have been feature on Bloomberg and Forbes which shows that they are good in what they do. If you need loan as a salary earner that are the go to.
To apply download their app on play store or app store, register for loan and in 5 minutes your loan will be disbursed.
Migo loan
Migo loan is not only for salary earners in Nigeria they cater for everybody, they are one of the fastest loan company we have in Nigeria, they are in partnership with Bank and telecommunication company in Nigeria therefore you can get their loan on phone.
With a used code you will see amount you can loan which is based on your transaction volume per month.
The inter rate is 5 to 15% depending on the amount you loan and the pay back time is 14 to 30 days.
Conclusion
Above are the loan company you can get loan from as salary earners in Nigeria, most of them have the same features you can check them out by applying for small loan and see how they deal with customer.
Note: Do not borrow what you can pay back if you do, your credit score might take a hit.
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