Best websites to borrow instant money online without collateral in Nigeria
A lot of people are looking for where to borrow money online instantly in Nigeria. We all need money… That is an honest fact. Anyone who claims he or she does not need money is not a Nigerian and with the current situation of the economy Small and Medium-sized Enterprises (SMEs) are finding it hard to start up a business or sustain an existing one due to their inability to access business funds.
There are many great minds with business ideas but the inability to borrow instant loans without collateral in Nigeria make them give up on their dreams and therefore look for alternative means of survival. Instant loans are a quick-fix solution for consumers in a financial crisis.
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I feel for many fresh graduates the more, because finding a job right out of higher institution can feel like an impossible task. The professional jobs want you to have experience — and whatever job experience you may have from before and during studies is typically not the right kind.
In many ways, having a poor bank record is a normal phenomenon to a fresh graduate. Either you don’t have a well-established bank history — or you established it in the wrong way. After one, two, or even a series of rejections, it can leave you wondering, “Are any lenders guaranteed to accept me?”
While it’s not easy to find any quick instant loan approval in Nigeria who will ignore your bank record history through your BVN, there are some who are ready to give you the desired loan without focusing on your bank record history.
As individuals, financial expenses can come out of nowhere like a vehicle breaking down, an unexpected bill needing to be paid, emergency medical costs arise and I understand that these things do happen. Our life is unpredictable and it can change suddenly due to an incident that comes without warning. As a result, we may need extra cash to meet sudden demands. These unexpected events cause a lot of stress and pressure, as they should be handled very quickly.
Quite often, we can solve our financial problems normally with the money saved in our current or savings bank accounts. But in some cases, it is impossible to find the money on time or the money won’t be enough to solve the current situation. Then, the need for a quick loan arises.
It used to be difficult to get personal or business loans when you have poor bank credit records especially when there is a financial emergency. Traditionally you would have to talk to your bank or other institution. You would have to wait in long lineups, fill out endless paperwork, deal with interviews and you would even have to put your assets up as collateral.
Fortunately today, business owners and individuals can apply for quick online loans without putting up their assets as collateral. Quick loans are offered for emergency or business needs, and it is very easy to acquire these loans because you may be approved in fifteen minutes. Whether you’re in Lagos or Abuja, location does not matter.
Yes, it is true. You can borrow money online instantly in Nigeria and same day payout. Quick instant loans in Nigeria and same-day processing can save the day real quick.
Many people who use these short-term loans and then return to lenders later again appreciate the effective help when other options are not available. For those who have a poor bank credit history, it comes as a relief to get an emergency loan with collateral.
There are a whole lot of lenders who are ready to offer instant loan through their website. Meaning, you do not need to visit them at the office. In fact, the number of lenders who will give you fast cash loan without collateral is on the increase in Nigeria and one must be careful when giving out personal detail during loan applications.
Reasons why people apply for a loan in Nigeria
Just about everyone has bills or debt of some sort. Mortgage, car payments, schooling, power, water, cable, phone, credit cards… it’s just a fact of life! Many people choose to consolidate some or all of their debt into just one loan.
This is done for two reasons.
Consolidating debt provides consumers with the convenience of only having to deal with one loan instead of several instances of debt. One payment is much easier to handle than several! Many people also choose to take out a loan for bill consolidation purposes because they can achieve a better interest rate. This will save them money in the long run on their interest.
As unfortunate as it is, many people require a loan to cover unexpected or even planned medical expenses. As family members get sick or require procedures to improve their quality of life, it can leave behind costly bills. A loan can help with these medical expenses by paying the doctor or hospital up front and allowing you to make payments on this large expense over time.
Learning a new skill
Whether you want to reach the next level at work or turn your love of photography into a full-time career, furthering your education can help you get there. The study is rewarding in the long term but costly in the short term. A personal loan can cover the costs required to give your knowledge and skills an upgrade.
These are the best websites to get Instant online loans without collateral in Nigeria.
Paylater Instant loan without collateral:
As you obtain instant loans on Paylater and consistently repay on time, they will help you build your credit by reporting your performance to credit bureaus, hence you can obtain larger loans at lower interest rates with continued usage of our service.
Loan up to 500,000
Specta Instant loan without collateral:
Are you looking website where you can get a 24hrs loan, Emergency loan, unsecured? Specta is the lender you may be looking for. Specta, powered by Sterling Bank is Nigeria’s fastest lending platform which gives you access to instant loans up to N5 Million in one transaction and all in 5 minutes. You can borrow money online instantly in Nigeria through this website. Specta aim is to create a simple, convenient and bespoke experience for you using proprietary data and analytics to review applications so that you can have access to a loan within 24hours.
Whether you are a business owner, individual, salary earner or corper, you do not need collaterals, guarantors or a visit to any office to get your urgent loan approved and funds disbursed. Once the application is complete, scoring is instant, and disbursement done in less than 5 Minutes. Whether you’re in Lagos or Abuja, location does not matter and Specta is open to everyone irrespective of occupation and bank.
Specta has the following loan packages to serve you:
SpectaXtreme is for everyone; business owners, salaried workers and more with no profiling necessary! You can get up to 2 Million Naira fast cash loan, one-year maximum tenor and interest rate between 26 – 30% per annum, irrespective of Bank.
SpectaBasicgives: With this package, you can get a fast cash loan up to 5 Million Naira in 5 minutes, up to 4 years tenor and flexible interest rate and repayment date. This is open to only salaried workers (irrespective of Bank) and business owners whose accounts are in Sterling Bank.
SpectaPrime is the fastest cash-backed lending for individuals and corporates. Earn money on your investment while you lend for urgent needs. You can lend in Naira, Dollars, Pounds and Euro.
SpectaAllawee enables Corpers to get quick access to funds to develop and expand their entrepreneurial dreams.
Specta Quick Cash gives up to 20,000 Naira quick cash to all individuals based on Social Media reputation and transaction history. This is also open to everyone irrespective of bank.
Rapidcash Instant loan without collateral
Loan up to 50,000 in 10 minutes
Lidya Instant loan without collateral:
Lidya is another online lender that made it to Fatherprada’s top list of websites that offers instant online loan within 24hrs in Nigeria without collateral. This platform for small & medium business lending in emerging markets. Whether you’re in Lagos or Abuja, location does not matter. You can borrow money online instantly in Nigeria through this website.
Lidya is a financial services platform that was launched in November 2016 with the aim to improve access to credit and finance across frontier and emerging markets starting with Nigeria and across emerging markets where there is a $2.6 Trillion SME credit gap worldwide.
If you’re a business owner looking for $500 USD to $50,000 in working capital are able to apply online or via their mobile phone and get a decision in 24 hours. To assess credit risk, Lidya uses close to 100 data points to evaluate businesses, build a credit score unique to each business, and disburse instant loans for you in 24 hours or less.
Pageﬁnancials Instant loan without collateral:
Page International Financial Services offer:
- Loan Application
- Group Loan Application
Pettycash Instant loan without collateral:
Pettycash is another online lender that made it to Fatherprada’s top list of websites that offers instant online loan within 24hrs in Nigeria without collateral. With Pettycash, NYSC corp members can access urgent loan from ₦1,000 to ₦5,000. They offer Federal government staff in Nigeria loan from ₦,5000 to ₦50,000. They also offer fast cash money called Pettycash+.
With this, you can get up to ₦10,000 emergency loan in 5minutes and it is available to everyone. Whether you’re in Lagos or Abuja, location does not matter. You can borrow money online instantly in Nigeria through this website. If you are salary earners in Nigeria, with Pettycash, you can get 20% of your salary till payday and Market Women are not exempted if they are within their market range.
Kwikmoney is another online lender that made it to Fatherprada’s top list of websites that offers instant online loan within 24hrs in Nigeria without collateral. In fact, Kwikmoney only takes 60 seconds. Whether you need working capital for your small business or need to handle a family emergency, kwikmoney lets you get an instant loan of up to N500,000 direct to your bank account.
Typically the loan tenor is 14-30 days, with an interest rate between 5% and 15%. As you take loans and payback, the system trusts you more, offering you higher amounts each time. No collateral, no documentation, no wahala. Kwikmoney USSD code *561# only works for 9mobile subscribers.