In this article, we will be detailing the top 5 instant online loan in Nigeria that do not require documentation or collateral to access personal and business credit loan in times of financal emergencies.
These lending platforms operate 24/7 and are 100% online. No need for any physical visit to the loan company office before you can access finance. You can get up to N100,000 credit and above for business or individual instantly once you meet the basic requirements.
Top 5 Instant Online Loan Platforms in Nigeria That Give Fastest Cash Lending Within Minutes
It is possible to have a financial downturn either for your business or for your family or for yourself or even a critical need to meet living expenses or an emergency crisis that requires urgent cash. In such time, instant online loan banks or lending companies in Nigeria such as GTB Quick Credit, Lendigo, Alat by Wema, C24 Capital and other similar platforms can provide lifeline up to N100,000 or even more within few minutes without documents or collateral.
1. GTB Quick Credit
GTB Quick Credit provides fast and instant online loan in Nigeria from N500,000 up to N5million at an interest rate of 2.0% monthly with no hidden charges. As a salary earner, you can now get the cash you need instantly, and pay back in up to 12 months.
The loan platform is managed and offered by Guaranty Trust Bank Plc, a leading deposit money financial institution in Nigeria. The scheme is a time loan accessible to Salary and non-salary account holders.
To apply, you have to request for QuickCredit instantly by dialling *737*51*51# or apply directly through the GTBank online and mobile banking platforms (Internet Banking, GTWorld and GTBank Mobile App). However to access this loan, you have to open an account with Gtbank first.
Lendigo is one of the best instant online loan in Nigeria without for small businesses, offering loan ranging from N300,000 – N10m for registered companies 24/7 including weekends and holidays.
Lendigo has a vision to become Nigeria’s leading financial institution dedicated to small businesses through technology and innovative practices. The company prides itself as being Nigeria’s No 1 SME Finance Provider.
You can easily apply for a business loan on the Lendigo App at a very low interest rate, and get it credited straight into your account, even if your business is not yet registered.
3. Alat by Wema
Wema Bank Alat digital lending platform is another trusted and legit instant online loan in Nigeria which does not require documentation, collateral and made for for people who are salary earners whether they have account with the bank or not.
Riding on its reputation of offering seamless financial services, Wema Bank introduced ALAT to ensure customers have access to the salary-based quick loan without any form of paperwork.
All you need to do is to download the ALAT app or use the ALAT web page without any collateral required and access between N50,000 and N2m in instant cash loan. Loan tenure ranges between 3 to 24 months with only 2% interest rate per month on a reducing balance basis.
4. C24 Capital
C24 Capital is yet another credible instant online loan company in Nigeria that doesn’t demand much documentation or collateral. You can get access to N1m with this lending platform.
C24 Capital offers mobile loans with low interest rates and a simple repayment plan to customers. The least amount that can be accessed is (forty thousand naira (N40,000) and the maximum for a new customer is seven hundred and fifty thousand naira (N750,000) while existing customers can get up to One million naira(1,000,000) this depends on borrower’s ability to repay based on income level and other selection criteria which will be verified.
5. QC Advance
QC Advance is an urgent instant online loan application in Nigeria. The loan app is managed by QC Advance Services Company Limited located in Lagos. The platform is set up to provide access to quick credit in the fastest and simplest way possible for Lagos residents.
The organization provides mobile loans at competitive interest rates for individuals and businesses to meet their urgent financial needs without collateral. QC Advance Services Company Limited commenced operations in January 2018.