How to Get Quick Personal Loans In Nigeria Easily Without Collateral

Last Updated on 1 year by Komolafe Bamidele

Are you searching for an online or offline platform, organization, or financial institution where you can get a quick personal loan in Nigeria?

 If yes, then search no more because I will explain in detail how you can get a quick personal loan in Nigeria without collateral.

If you need quick money to pay your debt, house rent, school fees, or for other important purposes. 

Then, this informative article is created for you, it is also for those who are asking this question “How can I get a quick loan in Nigeria?” And other related ones.

 Make sure you read to the end and follow the instruction that is embedded in it.

There are numerous mobile applications and websites that promise Nigerians quick personal loans without collateral. 

These online platforms come with different rules, regulations, criteria, and other important terms that you need to meet before they give their loan to you.

Loan Scams, Don’t Be Their Next Victim & How to Identify Them

It is no longer the latest news that several quick loans mobile applications are not real, while some are operated by scammers. To gain access to Bank Verification Number (BVN) 

That is why it is very important to do proper research before you download, sign up, or log on to any website that promises a quick personal loan without collateral.

There are numerous scamming cases in Nigeria that are related to a quick personal loan, scammers get information that is related to your bank account, BVN, and other information and use it to scam innocent Nigerians. 

That is why you need to read at least 5 reviews about an online loan website or mobile application before you sign up.

Those quick personal loans we are reviewing in this article are the most trusted and reliable loans apps in Nigeria as of 2022. 

Top 10 Best Online Platform That Offers Personal Loan In Nigeria Without Collateral

Looking for quick loans without collateral in Nigeria? Here are the top 10 Loan Apps and websites that offer instant online loans in Nigeria without collateral. 

9ja Cash-Loan App in Nigeria, Quick an Fast

9jaCash is one of the best and reliable websites and apps that are designed for a quick personal loan.

If you are looking for a reliable and trusted online platform for a quick personal loan in Nigeria then 9jaCash is one of the best.

You can get up to 300,000 Naira without collateral on this amazing quick loan mobile App.

 You need to submit all the required documents and accept the terms and conditions that are applied to every loan on 9jaCash.

Interest and service fee ranges from 1% to 34% with an equivalent monthly interest of 3% – 29% and APR of 29% – 365%. 

For instance, if you choose to borrow N1000 on a 6-month loan, 9ja cash will charge an interest rate of 4.4% per month. Therefore, the interest rate is 26.4 on a 6 months tenor. The total amount to be repaid is 1264.

Download 9jaCash mobile application is available for free on the Google Play store for a quick personal loan in Nigeria.

 Specta – Personal Loans by  Sterling Bank

Specta is one of the popular and most reliable online platforms that offer a quick personal loan in Nigeria. Specta is owned and operated by Sterling Bank PLC. 

Log on to the official website of Specta or download the Specta App, then sign up with your email account and submit all the required information and documents. 

Then apply for a personal loan or business loan because they offer both.

MySpecta is designed to offer loans for personal or individual use, while Specta4Business designs for business owners.

Either, personal or business use you can get up to 5 million Naira within 5 minutes without collateral. 

You don’t need paperwork before you can get a loan from Specta.

Specta Interest rate depends on the loan package you opt for notwithstanding Specta Fees are as follows;

• Interest rate on Loan: 25.5%-28.5%. 
• One off payment for Insurance: 2.5%. 
• One off payment of Management fees: 1%.
• Repayment Period: 1-12 months. 
• Penalty fee– 1% .

All you need to do is to provide the required documents and information within 24 hours or five working days you will get your loan into your account or business account. Click here Get Started With Specta Loans

Palmcredit  – Loan Online & Instant Cash Anytime

PalmCredit is one of the best and reliable loan Apps in Nigeria for quick personal and business loans for Nigerians.

Over the years, PalmCredit has been the best when it comes to quick personal and business loans, they offer quick and little interest loans, aside from that, they provide an easy method of repayment.

You can get between #2,000 to #300,000 business or personal loans on credit without collateral or paperwork within 24 hours of loan approval your bank account will be credited.

PalmCredit’s monthly interest rate is between 8% to 24% for a limited tenure of 7 to 180 days.

You can borrow up to #300, 000 from Palmcredit

Download Plam Credit Apps 

 Branch – Personal Quick Loan App

The branch is also one of the best and most reliable mobile applications that offer quick personal and business loans for Nigerians.

It is simple and easy to apply for a quick loan on Branch mobile app. All you need to do is to sign up with your email and other required information to apply for a quick loan on this popular mobile application. 

Your loan will be disbursed into your bank account after loan approval within 5 minutes.

You can borrow between #1000 to #200,000 without collateral on Branch mobile App for personal or business use

branch interest rate ranges from 1.7% – 17.6%. Monthly interest. 4 – 52 weeks. Loan terms. 17% – 35%. Interest range. Download Branch App Now! 

ALAT – Nigeria’s first fully Digital Bank

ALAT is one of the most reliable online platforms that offer personal loans in Nigeria. ALAT is created and owned by Wema Bank PLC. 

For a quick bank loan without collateral in Nigeria, download ALAT mobile App. It is available on the Google Play Store for Android users and the Apple iOS store for iPad and iPhone users.

You can also log on to the official website of the ALAT to download the mobile application on your smartphone.

Within 24 hours your bank account will be credited after your loan has been approved by ALAT App. You can now borrow as much as N2,000,000 (Two million naira) without collateral. On the Alat App

ALAT is simple and easy to use and it does not require paperwork before you get approved. referral code QGUWXX

Alat loan is structured to help and it is evident in the interest rate. Salary earners will be able to receive a minimum of #50,000 and up to #4,000,000 within hours and will have between 3 to 24 months to pay back with only a 2% interest rate per month on a reducing balance basis Download the Alat App Now! 

Aella Credit Quick Personal Loans

Aella Credit is one of the most reliable online platforms that offer weak personal and business loans for Nigerians. You don’t need to go through the stressful paperwork or submit any form of property as collateral before you can have access to a loan on Aella Credit.

To get a quick loan from Aella Credit, log on to their official website or download the Aella Credit App, sign up with your email and other required information.

Your loan will be disbursed into your personal or business account number within 10 minutes after your loan has been approved.

Aella Credit allows Nigerians to borrow between #2,000 to #1,000,000 within 10 minutes on Aella Credit.

Aella Credit also offers individual and corporate organizations investment with a huge return on investment. 

Aella Credit promises a 15 to 40% annual return on investment. Currently, Aella Credit operates in Lagos, Nigeria; Accra in Ghana, and Manila in the Philippines Sign up with the referral code 7883035a7580 Download Aella Credit Loan App

JumiaOne – Instant Loan Access

I’m very sure you know the popular e-commerce platform in Africa. Jumia also offers quick personal and business loans, aside from offering e-commerce services in Nigeria and other African countries.

JumiaOne is a mobile application that is designed to provide personal and quick business loans for Nigerians. 

JumiaOne is simple and easy to use when it comes to quick loan applications, you don’t need paperwork or submit collateral before you can apply for a loan on JumiaOne.

JumiaOne mobile application is available on the Google Play Store for Android users and the Apple iOS store for iPhone and iPad users.

At the moment of writing this article, JumiaOne mobile App offers between 5,000 Naira to 100,000 Naira loans for Nigerians and the loan duration is between 15 to 30 days. Jumia one loans interest rate is 3.5% monthly plus 0/5% processing fee. Download JumiaOne App Now! 

FairMoney — Instant Loans From a Digital Bank

FairMoney is one of the best and trusted mobile applications that are designed to offer personal and business loans for Nigerians. Get a FairMoney loan within 5 minutes, with as low as a 10% interest rate.

Download the FairMoney mobile App on Google Play Store and Apple iOS Store. Sign up with your email address and other required information to apply for a loan on FairMoney.

 You can access a FairMoney Loan in the range of ₦1,500 to ₦500,000 with durations for loans up to 60 days and above. 

The interest rate varies based on your profile, loan interest rate ranges from 10% to 28% EIR and APR from 120% to 260% Download FairMoney App Now! 

First City Monument Bank [FCMB] Limited Instant Loan

First City Monument Bank Limited is one of the Commercial Banks that give personal loans in Nigeria without collateral. You need to have a bank account with FCMB before you can apply for an instant loan without collateral.

For quick personal loans in Nigeria, you can make use of the FCMB USSD code *329# or the FCMB mobile App, if you have a bank account with FCMB and meet the conditions of a quick loan without collateral from FCMB.

FCMB Limited Instant Loan interest Rate is 3.5% monthly and a One-Off management fee of 1%

Gtbank Quick Credit Quick Personal Loans

Gtbank is also one of the Commercial Banks that offer quick personal and business loans without collateral or paperwork.

You need to have a bank account with GTBANK and also meet all the terms and conditions before you have access to no collateral personal loan from GTBANK.

You can borrow up to 5 million nairas without paperwork or collateral using the GTBank Quick credit loan.

Download the Gtbank mobile application or make use of the USSD code *737# to apply for a quick loan without collateral if you already have a bank account with GTBANK and also meet the terms and conditions of a quick personal or business loan without collateral from GTBANK.

Gtbank Quick Credit offers you pay back over 6 – 12 months. Quick Credit gives you funds up to N5million at an interest rate of 1.5% monthly. No Hidden Charges.

That means you get 

• Quick loans Up to N500,000 – 5 Million. 
• Convenient repayment plan spread over 6 – 12 months.
• At an interest rate of 1.5% per month

Wrapping Up Quick Personal Loans In Nigeria

There are numerous mobile applications and websites that offer quick personal loans without collateral in Nigeria, but these are the best, reliable, and trusted online platforms that offer quick personal loans without collateral in Nigeria as of 2022.

You can make use of these websites or mobile applications to apply for a quick personal loan without collateral in Nigeria. 

Your information and documents are safe on these websites and mobile applications. You don’t need to panic, your information won’t be shared or sent to a third-party organization or individual.

Thanks for reading through the end, do you want to generate a virtual dollar card? I will recommend you also read How To Create Unlimited Virtual Credit Card In Nigeria