March 11, 2023
Nigerian Quick Online Loan Applications Without Collateral

Nigerian Quick Online Loan Applications Without Collateral

Online Loan Applications:    This article will go through 10 quick mobile online lending apps in Nigeria without collateral and how to use to apply for a loan there.

Everybody gets stock every now and then. If you find yourself in a situation where you need quick cash, this online loan app and website can help.

Nigerian Quick Online Loan Applications Without Collateral
Nigerian Quick Online Loan Applications Without Collateral

Due to the high interest rates on credit cards today, you can get quick cash using these online loan applications and websites.

Considerations to make before applying for a Quick Online Loan in Nigeria

Look up the interest rate; this is what you pay for borrowing money.

Interest rates vary depending on your credit score and the state of the market. A lower rate is preferable.

  • Pick the correct lender and terms; this can spare you a lot of Money when it’s time to pay back.

Best mobile loan Apps in Nigeria without Collateral

Below we’ll give you the best online loan options you can get quick cash online in Nigeria.

However, The final choice of loan platform you choose will be up to you. 

Carbon, formerly known as Paylater is one of Nigeria’s leading digital financial platform that gives quick loans to it users.

Chijioke Dozie is the founder and CEO of the company while Emeka Mordi is the COO of the Carbon loan app.

This is one of the most trusted in the game, they’re have a presence in Nigeria, South Africa, United Kingdom, Ghana and Portugal.

Loans from Carbon do not require collateral or guarantors.

Though first time request you may not be able to access huge funds, you start by borrowing small, paying back, then you can have access to bigger funds.

They empower individuals with access to credit, simple payments solutions, high-yield investment opportunities and easy-to-use tools for personal financial management.

Requirement for loan at carbon

Before you can access loans from them however, you have to be able to meet all of their requirements which includes:

Downloading the carbon paylater app on Google play store for Android users or on Apple’s app world for iPhone users

  • Personal information about yourself such as name, address, phone numbers and more

* A photo of you taken real time with your phone via the app

  • Bank Verification Number (BVN)

* Bank account details

  • Payment of an initial N50 or N100 to Authenticate the atm card to be used for your loan repayment.

* Government issued ID (which is rare).

One of the best features of the Carbon loan app is the fact that you can obtain your loans within 5 minutes of application, which can also be completed in no time.

Nigerian Quick Online Loan Applications Without Collateral
Nigerian Quick Online Loan Applications Without Collateral

They give loans at interest rate between 5-15% depending on loan amount, loan tenor and your credit history.

For any further information, you can visit their website at

You can also contact their customer care service at 01-460 9945 or 01-631 1215 or better still through their mail at

Loan app in Nigeria for quick mobile online loans

In terms of excellent service and customer care, Kwikcash is undoubtedly one of the best loan apps in Nigeria and a market leader.

This platform, which allegedly resulted from a “partnership between banks, mobile operators, and technology businesses,” of course provides online loans in Nigeria.

With Kwikcash, you might obtain collateral-free loans of up to N500,000 in just 60 seconds.

Remember that you will pay a 15% interest rate and there are no intricate time-wasting procedures, so for some people, that may not be worth the small compromise.

ALSO READ  13 Couples-Friendly Business Ideas

You can check them out at if you wish to.

AskmeBusiness, inc.


For years, they have continually provided one of the most well-liked platforms for online loans in Nigeria.

They are one of Nigeria’s most trustworthy loan apps.

They provide their customers with two types of loans, including:

You can borrow up to N10,000 in airtime through Palmcredit and pay it back in two weeks.
The Palmcredit Installment Loan offers loans ranging from N2000 to N100,000.

requirements for a loan from palmcredit
They have similar fundamental standards to other loan platforms.

To access the apps for rapid loans available only on the Google Play store, you only need a smartphone (not available for iPhone users).

You must be between the ages of 18 and 60.

Account in a bank with a bank verification number,

a working phone number and a way to prove your identity.

Loans from Palmcredit are offered at interest rates ranging from 14% to 24%, or an equal 4.6% monthly charge.

A Palmcredit loan has an annual percentage rate (APR) of 56.78%.

You can pay back your loans using an ATM card registered with the platform or the supplied account number using the Palmcredit lending app.

You can reach them by phone at 017001000 or by email at You’ll hear back from them right away.

The best loan app in Nigeria is Zedvance Loan.

Don’t worry whether you want to travel, sponsor a team, or have a sizable personal project that you can’t afford.

Group loans, travel loans, and personal loans are all available through Zedvance.

Their loans have enticing interest rates of just 412% per month and can be as much as N3 million.

Unfortunately, they only offer loans to people who make a wage because of the enormous sum they give.

To learn more about them and what they do, go to

Quick Check | Apps for borrowing money in Nigeria

Quick Review

With just a few tabs and, as the name suggests, QuickCheck, you can seek loans on the go.

In essence, they provide loan services to customers who are not adequately supplied by traditional financial institutions.

They are therefore undoubtedly am

ong the finest mobile loan apps in Nigeria.

Visit their website at to give it a try.

Online apps that lend you money right away are quick loans. Nigerian fast mobile loan

Opay’s automated lending solution, Okash Okash, aims to improve access to online loans in Nigeria.

If approved, fast loans online are disbursed to the applicant within two hours of the application being submitted. Loan decisions are given in less than 15 seconds.

The loans are disbursed through an Android mobile app, which users of Android devices can download from the Google Play store.

Okash provides immediate loans up to N10,000.

This app offers a variety of loan options, including payday loans, business loans, and student loans.

Depending on the risk of the loan and your credit history, loans using this app are granted at interest rates ranging from 23 to 35% annually.

The prerequisites for an OKASH loan include: • Reliable bank information

* A working ID

• The BVN.

* Cellular phone

It’s now simpler than ever to get a quick online cash loan in Nigeria.

Why don’t you take advantage of this opportunity to obtain that loan and resolve the urgent problem you are currently experiencing.

Nigeria’s top mobile loan app


They were the first in Nigeria to introduce a cloud computing technology with little fixed asset investment.

Consumer finance company RenMoney MFB Limited (formerly RenCredit) was established in Lagos in 2012.

ALSO READ  What You Should Learn Before Opening A Salon

RenMoney MFB Limited replaced RenCredit MFB Limited as the company’s name in December 2013.

Through Renmoney, you can borrow money online in Nigeria.

Their operational platform provides and guarantees an effective and scalable operating system.

Conditions for a Renmoney loan
• Be in the age range of 22 and 59.

* A steady income whether you are employed or self-employed.

• Be in possession of a working bank account with a bank verification number.

* Identification: a national ID card, a passport, or a driver’s license.

• Your credit bureau report must be unblemished.

There can be no previous history of bounced checks in your account.

• A passport that was issued within the last six months.

* Paystubs from the previous six months’ bank accounts (must be stamped by the bank).

If you meet the criteria outlined above, you can continue to apply for a loan that is only available through their official website,

Cash Loan, Fixed Deposits, Target Savings, Smartphone Financing, Loan@Work, School Fees Loan, and Point-of-Sale (POS) Loan are among the loan options that are available to you.

You can choose any loan category you desire by visiting their website.

Through this lending platform, you can apply for and receive online loans in Nigeria in the amount of N50,000 to N2,000,000 in as little as 24 hours.

However, the amount of loan you can borrow has limits dependent on your credit history, loan risk, type of loan etc.

FINT is the one of first market of online loans in Nigeria and is one of the best loan platform in Nigeria.

The unique They offer loans to users at an incredible 2% interest rate, which is one of the lowest among loan platforms in Nigeria.

The platform has a major purpose of connecting lenders in need of high returns on investment and borrowers who need attractive quick money and short-term or business loans without collateral or guarantors that can be obtained within 24 hours of application.

It has a simple and transparent system, which makes the process fast and efficient.

Through FINT loans, you can obtain fast cash loan up to N1,000,000 as long as you are eligible, have a clean Credit history.

The only form of application for FINT loans can only be done through their website which you can visit at

FINT loan application can be completed within 5 minutes and you can get disbursed almost immediately.

Best Quick Online Loan in Nigeria in 2022

Kia kia Since it is a division of the Sterling bank Group, the full name of this loan is the Sterling bank Kiakia loan.

Direct personal loans are available through online lender KiaKia at variable rates.

They also connect lenders and borrowers in a mutually advantageous way.

They provide loans between N10,000 and N200,000 with terms as little as 7 days and as long as 30 days.

Responsible borrowers who accumulate trust points in their financial responsibilities over time will have access to considerably larger sums with longer terms and more adjustable interest rates.

For anyone looking for an unsecured personal consumer loan, Kiakia’s services are the best.

People who are ineligible for conventional bank or credit union loans and those who are struggling financially.

However, only their official website,, offers this loan.

Criteria for the Kiakia Loan
a legitimate ID card, a contact email, a checking account (Preferably a sterling bank account).

Their interest rates, which range from 5.6% to 24% depending on the risk of the loan and credit history, are likewise acceptable.

ALSO READ  How To Register For A Free Online Foreign Bank Account With No Minimum Deposit

Nigeria’s top loan applications for 2022
Loan from CreditVill

Through their employer, Creditville is an online lender that offers Payroll-based consumer loans to qualified borrowers.

The borrowed sum is then subtracted from your paycheck each month.

After you complete the requirements and submit the required paperwork, Creditville can quickly and easily give an urgent or emergency online loan in Nigeria in your account within 6 hours.

It is perfect for anyone looking for an unsecured personal consumer loan, students, and people with thin credit files who are disqualified for conventional bank loans.

To meet their customers’ urgent needs, they also offer items including salary advances, business loans, and cab lease/hire purchase.

You must go to, the company’s online application platform, to submit a loan application with Creditville.

Through Creditville, you can get rapid loans with interest rates of 6-31% for amounts between N200,000 and N2,000,000.

For a Creditville loan, you must be between the ages of 25 and 60.

* A Guarantor is required for this financing. Specifically, a member of any commercial bank staff or a senior civil worker with level 14 or higher.

* A current account with a Nigerian commercial bank

• A monthly wage that can be verified

• A good credit rating

* Your account has never had a history of returned checks.

If you meet these qualifications, applying will undoubtedly be simple for you.

In Nigeria, how to apply for a loan
In order to be eligible for loans in Nigeria, you must fulfill all prerequisites.

Your personal details, like name, address, phone number, and more, would be required to start.

In some circumstances, a picture of you shot with your phone in real time using an app or website.

Nigerian Quick Online Loan Applications Without Collateral
Nigerian Quick Online Loan Applications Without Collateral

At the time of application, your bank account information and Bank Verification Number (BVN) must be accessible.

Last but not least, a government-issued ID (which is rare)

Nigeria’s top 10 loan applications of 2022: Quick Online Loans in Nigeria

Conclusion:In 2022, Nigeria will have quick online loan apps.

In conclusion, you should keep in mind that the duration of the majority of loans in Nigeria is fixed and does not fluctuate much.

They are all offered at various interest rates.

Most personal loan amounts differ between the platforms listed here based on their ability to attract investors’ money.

The majority of the time, your need, loan risk, and creditworthiness will determine if you are approved for a loan.

We’ll advise you to only take out loans that you can afford to repay because doing otherwise would negatively impact your overall creditworthiness.

Failure to pay back a loan in Nigeria will result in harsh consequences, such as a worsened credit history that may prevent you from borrowing from any other lending platforms in Nigeria, or, in the worst case scenario, a lawsuit that we believe no one wants in this country.

The post “10 Quick Mobile Online Loan Apps in Nigeria Without Collateral” is now complete. How to use the Loan app on to apply for a loan in Nigeria,

We sincerely hope that this post has provided you with all the knowledge you require regarding online loan platforms and associated apps in Nigeria.


Leave a Reply

%d bloggers like this: