Though there are many loan apps in Nigeria not all of them actually give loan to non salary earner and their reason can be justified, it is a known fact that it is hard to get loan (money) back from non salary earner but nevertheless there are still some companies that give loan with out salary earner in Nigeria such as Fairmoney, Carbon, Alert Credit, Opay, Branch but note that the amount of loan you can receive from this loan app is small compare to that of salary account.
It is a step by step, as you obtain loan and pay back as at when due you will be able to access more loan.
List of loan in Nigeria without salary account
Carbon
The first on our list of loan in Nigeria without salary account is Carbon. You can obtain up to 20 million naira loan form this company, though as a first timer the money will be less than that but as you take loan and payback regularly the money will increase.
Their interest rate is 5% to 15% depending on the amount of loan you obtained, the pay back period is in months also depend on the amount of loan collected.
Carbon is one of the professional loan apps in Nigeria, they do not call out their customers on social media or send provoking message to their defaulters but you should pay your loan on time.
Apart from loan carbon also help to save and invest, if you invest with them you will enjoy 11% interest rate per annum.
Carbon is available on playstore and android, to download the app, head over to play store or app store.
Branch loan is one of the reliable loan apps that does not require salary account before they give out loan, their loan app is easy and does not required collateral nor paper work. With branch.
As at the time of writing this article the highest amount you can get on this loan app is #200,000 but it is very fast as soon as you apply the loan will be disbursed in 24 hrs.
The interest rate of branch is between 20 to 30% depending on the amount of loan obtained, the pay back period is between 4 weeks to 40 weeks aslo depend on the amount of loan obtained.
Branch is not only base on loan, it also double as mobile app where you can send, receive money and buy credit. You can also save and invest with the app.
If you invest with them you will get 20% interest rate per annum.
Aella Credit
Aella credit is targeted at employee but they don’t require salary account before you can get a loan from them. With a BVN and email address you are good to go.
Aella Credit is not only in Nigeria they have precense in Ghana and Philippines and the amount you can loan from them is up to #700,000. Of course as a first timer the amount you can loan will be low.
The interest rate depend on the amount of loan you obtained and the play back is short between 1 to 3 months.
Aella Credit is all mobile app, you can buy credit and make payment with the app also you can save and earn 26% interest on your money per annum.
Fairmoney
Fairmoney is another loan in Nigeria without salary account, with fairmoney you can get a loan of up to #150,000 without collateral or paper work , what you need to provide is your bvn and your address.
The pay back period is between 4 to 26 weeks depending on the amount of loan request for. Their interest rate ranges form 5% to 20% aslo depend on the amount of loan request for.
Fairmoney also double as payment app, you can send and receive money with it. To download the app head over to play store.
Migo loan
Migo loan give money to every body in Nigeria irrespective of their occupation, you can get a loan of up to #500,000 from them but the only thing is that their pay back period is short and the app is directly link to your bank account if you defaulted your money will be deducted automatically.
To apply for the loan dial *565* on your phone and follow the procedure. Their loan is easy to obtain and hassle free, also you don’t need collateral or paper work.
Before applying for the loan ensure you have no out standing loan if you do they won’t lend you a penny.
Kiakia loan
Kiakia loan are quick to give out loan, within 24hrs your loan will be disbursed. The minimum loan you can apply for here is #50,000 and the interest rate is 3.5% per month.
The pay back period depend on the amount of loan request for but usually in month
Like others above kiakia loan is easy and does not require collateral.
Quickcheck
The maximum loan you can obtain with this loan app is #500,000 but as a first timer you can only loan #10,000 for 1 month but as you pay back your loan regularly the amount you can loan will increase.
It is easy to obtain loan from quick check and they are very fast within minute of application your loan will be disburse.
Their interest rate can be as high as 30% and the pay back period depend on the amount of loan request for.
C24 loan
With C24 loan you don’t need collateral or any document and you know what, it is very easy to apply for the loan, once you have your bvn you are good to go. With C24 loan you can loan up to #100,000 but as a starter it will be less than this.
The pay back period depend on the amount of loan you request for. Before applying ensure you have no outstanding loan because they will check your credit score before they give you the loan.
Jumia loan
Jumia loan also does not require salary account before they give you loan, and their loan is easy to get with no cost and no documentation but you must provide your BVN before they will give you loan.
The payback period is usually a month but it can be more than this depending on the amount of loan requested. the interest rate is 3.5% per month.
To access the loan download Jumia pay app on playsyore. The app is easy to navigate, find your way to loan section, apply and if approved, it will be disburse in minutes.
Opay loan operate like Jumia loan, you can get a loan from them as well as make transaction. with Opay you can get up to #300,000 instant loan with no collateral or paper work, with your BVN you’re good to go.
The interest rate is 3.5% and the payback period is usually a month.
To access the loan head over to play store and download the opay loan app
Conclusion
Above are the loan in Nigeria without salary account, though most of the loan app listed above do not harass their customers, please have a means with which to pay back your loan to avoid embarrassment.
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