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LOANS: How to Borrow Money Online In Nigeria without Collateral

How to Borrow Money Online in Nigeria: Have you always wanted to borrow money online in Nigeria? Do you know there are companies that give loans online without collateral? Yes, you read it right. Well if you haven’t heard or if you don’t know, now you do. I will be taking you through how you can borrow money online in Nigeria, without further ado……..let’s get started.

LOANS: How to Borrow Money Online In Nigeria without Collateral

How to Borrow Money Online Instantly In Nigeria

Okay, we all know what money is and what its used for, even a year old baby recognizes money when shown one………… lol. Nonetheless, I’ll share with you few things about money, its functions and properties.

Money is said to be an item or verifiable record that is generally acceptable as payment for goods and services, repayment of debts in a particular country. Money derives its value by being declared by a government as legal tender.

Quick Loan Without Collateral In Nigeria

Loans without collateral is what majority of people have in mind when trying to borrow money online in Nigeria, reason being that most people do not have collaterals to give up before loan is given to them.

So quick cash loans to solve financial issues and emergencies does the magic for everyone. With that being said I will be sharing with you where to get loans without collateral in Nigeria and quickly too.

1. Branch.com.ng

Talk about loans without any collateral and Branch.com.ng comes to mind. Branch is a leading Instant loan app that provides the funds you need to attain your goals without the usual stress that accompanies loan application processes in Nigeria, Kenya, Tanzania, and Mexico.

Branch offers loans from ₦1,500 to ₦150,000 and Loan terms range from 4 – 64 weeks. All you need to apply for a loan from Branch is an Android Smartphone!

Did you know that it takes few seconds to complete your application and receive your loan straight into your bank account? So what are you waiting for? Visit the official website of https://branch.com.ng now for more info.

Branch makes it easy for people in Nigeria to access a loan anytime, anywhere without any physical meeting, no collateral or a signature. You won’t even see a piece of paper from start to finish. It is like a bank in your pocket.

You can get in touch with their super responsive financial advisor via nigeria@branch.co., follow on Instagram @branch_ng, and @branch_co on Twitter.

2. Kwick cash by 9mobile

The whole process when trying to borrow money online in Nigeria via this telecoms network begins and ends with a 9mobile line and valid bank statements

All you need to is dial *561# from your phone and you are good to go. You can have access to up to #100,000 and it take only 3mins to get the loan once you’re registered.

There is no access to multiple loans at once. You can repay through either ATM, Debit card and direct transfer or direct deposit.

The interest rate is 10- 20% and the loan tenure is You may visit  http://9mobile.com.ng/kwikcash/ for more information

3. Paylater

Paylater is an online money lender that has taken over the market to help people with financial issues.

They make it so easy that you see the amount you are to refund at a corner of their website. The interest placed on the first loan taken is 1% of the amount borrowed to be paid within 15 days.

Visit https://www.paylater.ng/ for more information.

4. Fint

For loan to be granted on this loan platform you are required to have a valid bank details, valid ID card and bank statement.

To be granted a loan, a tax identification number is required for registration; this means you have to be a taxpayer to access this service.

The tenure of the loan ranges from 2-12 months and no chances of multiple loan at once. Repayment can be done through any of these Channels; debit card or direct deposit.

The minimum amount of personal loan given out is #60,000 and the interest rate is based on the borrowers risk score. Visit https://www.fint.ng/ for more details.

5. C24

They are in business also to help people quickly tackle financial needs and borrow money online in Nigeria. Their website is easy to use and navigate.

Their interest is affordable and they would loan you the money within few hours of registering and you don’t need to go through all the paper work stress because none is involved.

The more you borrow here the more your chances of borrowing more and no matter how much you borrow no collateral is needed……I mean what could be more stress less?

Visit https://c24.com.ng/ for more information.

6. Quick Check

They allow individuals and small businesses have access to money they can borrow, all online.

As a way of ensuring that people get access to these loans they have created an easy method of doing that.

A mobile technology has been provided to give Individuals access to financial credits; it allows them to borrow up to #30,000 without any collateral for a period of 15-30 days.

Please visit http://www.quickcheck.ng/ for more enquiries

There are other platforms as well which I didn’t mention here, I will advice you choose the one most suitable for your needs.

Requirements for the loan application

  • Now, before you can apply and borrow money online from any of these companies mentioned above, you should be at least 22 years above.
  • You should have a steady source of income that is verifiable…..they wouldn’t want to borrow someone that has no means of repaying back the loan.
  • You must be a confirmed employee in a present place of work.
  • You must also have a functional current or savings bank account and lastly you must have a means of identification.

With all these requirements met by you, then you can proceed to the steps below.

Step 1: Visit any of these online loans platforms and look for where their online application form is located.

Step2: Once the application form is filled successfully, you will receive a confirmation or decline as the case may be.

Step3: Get the required documents across to them online and viola! your preferred account would be deposited within minutes or hours.

How to Borrow Money Online in Nigeria

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