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Top 10 Best Places To Get Loan In Nigeria Without Collateral

Best Places To Get Loan In Nigeria Without Collateral can be accessed below.

Best Places To Get Quick Loan In Nigeria Without Collateral

Below are top money lending companies to get quick and easy loan in Nigeria with very low interest rate:

1. Paylater

Paylater , This online lending platform processes your approval within minutes. This soft loan is available to businesses and salary earners in Nigeria.

It also offer short term loans without collateral, and you can get a loan from N500k to N1million at an interest rate ranging from 5 to 12%.

Requirements: BVN, account details, passport photograph and home address.

Interest rate: 5 to 15% depending on your risk level.

Loan duration: 3 to 12 months.

Repayment channels: Direct debit from any of your bank accounts.

2. OneFi Business Loans

Formerly known as One Credit, OneFi is a credit facility company that offers short-term consumer loans to credit-worthy individuals with limited access to finance.

One-Fi loan repayment cycle is typically between 3 – 12 months, with loan amounts ranging from N40,000 – N2 million.

3. Renmoney

Renmoney is One of the most well-known lenders in Nigeria. They offer loans to their customers up to N4 million. However, having a solid credit history and a strong income statement are requirements. As long as you satisfy all of their lending conditions, their minimum loan amount is N100,000.


  • Applicants must be between the age of 22 to 59 years.
  • Must have a steady source of income
  • Functional bank account either current or savings
  • BVN
  • Official bank statement of account
  • Valide Govt Issued ID card.

All requirements are to be submitted to Renmoney office for verifications.

Interest rate: 4 to 5% per month.

Loan duration: 3 to 12 months

Repayment method: Quickteller, POS, Cash, Cheque and transfer.

4. Aella Credit

Aella Credit is another platform in Nigeria where you can get a swift loan,

You can access loan from N1,500 to N700,000 with an interest rate ranging from 4 to 29% per month depending on your  risk level.

Requirements: BVN

Platform: Android

Interest rate: 4 to 29%

Loan duration: 1 to 2 months

Repayment method: Direct debit from your account.

5. Kwik Cash

It is a better loan at competitively priced rates for those clients with less-than-perfect credit.  Kwik cash is one the top loan providers in Nigeria. It offers both online and USSD loan options.

Kwik partners with Banks, mobile network providers, and technology companies to make loans accessible to all Nigerians.

At Kwik cash, you can get a loan of up to N15,000.


Platform: USSD (*561#)

Interest rate: 10 to 20%

Loan duration: one month.

Repayment channels: Direct debit.

The borrowing process starts by dialing *561# from 9mobile line.

6. KiaKia

KiaKia is the most popular and greatest peer-to-peer lending network available to residents of Nigeria. Users can borrow or lend money through the KiaKia platform.

The platform provides quick loans to borrowers within 1 hour of completing their online loan application.

Requirements: Work ID Card, and valid bank details.

Platform: Web

Interest rate: 5 to 24%

Loan duration: 30 days

Repayment channels: Debit card, direct deposit


Fint is a money lending platform with creditworthy borrowers for a competitive return at a cheap interest rate.

Requirements: BVN,

Platform: Web

Interest rate: 3 to 5%

Loan duration: 12 months

Repayment: Debit card, direct deposit

8. Zedvance

Zedvance provides a quick and fast loan an attractive interest rates, though the interest rate on the level of risk involved.

It is most suitable for salary earners.


  • Employment letter
  • Salary account
  • Official email address
  • Valid ID

Platform: Web

Interest rate: 4 to 5%

Loan duration: 3 to 12 months

Top up: yes

Repayment channels: Direct debit

9. Page Financial

Page Financial offers quick loan to meet their customers financial needs.


  • Employment letter
  • Salary account
  • Valid ID card
  • Utility bill

Platform: Web

Interest rate: up to 15%

Top up: Yes

10. Rosabon Finance

Rosabon finance is one loan provides platform in Nigeria that offers loan without collateral.


  • Employment letter
  • Salary account
  • Tax ID
  • Valid ID
  • Utility bill

Platform: Web

Interest rate: 4 to 6%

Loan duration: 3 to 12 months

Top up: No

Requirements channel: Cheque, Direct debit

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