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19 Companies That Gives Quick Loan Without Collateral In Nigeria

19 Companies That Gives Quick Loan Without Collateral In Nigeria – Most Individuals, Families and businesses in Nigeria are currently in a bad financial state as a result of the severe impact of the COVID -19 pandemic ravaging the whole world. In response to this great financial crisis, the affected businesses now look towards getting quick loans without collateral from Fintech companies in Nigeria and avoiding the stress associated with getting loans from commercial banks in the country.

So to assist business owners get access to quick loan, we have put together a list of about 19 Fintech company websites that gives quick loan without collateral to Nigerians online.
Below is the list of 19 Fintech company that gives quick loans without collateral to Individuals and small businesses in Nigeria.

Aella Credit is a fintech company that provides instant credit solutions that eliminates the hassle of standard loan applications and enables employee to borrow at competitive and fair rates through their employers. Individuals can download the application through Android devices. Benefits of the platform are offered to employees, companies, and investors. The offices of
the company are located across the United States and Nigeria.


19 Companies That Gives Quick Loan Without Collateral In Nigeria

2. Opay Loan
OKash makes it efficient for you to access credit anytime, anywhere. Loan Products: Tenure: We will require your repayment from 91 days to 365 days*.
To get an instant loan, all you have to do is to download the Okash mobile app, open an account, provide you details, and wait for the approval. You’ll get your loan within 24hrs.

GroFin provides Small and Medium Enterprise (SME) finance/business loans across Africa & the Middle East. If you have investible numbers and you looking to expand your business, then GroFin is your best short.
With GroFin, businesses can access business loans between US$100,000 and US$1.5 million. If you think your business ticks the required checklist, then you can submit your online application here. Visit


4. Renmoney
Renmoney is one of the loan companies in Nigeria that provides micro-business loans up to N4 million. To get a Renmoney SME loan, your business must have a good income statement history and can boast of regular monthly earnings for repayments. The minimum loan amount is N100,000 while the interest rate is 2.8% per month.

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Last on the list is SMEDAN, a government-backed initiative to offers quick and easy business loans to Nigerian SME’s businesses in need of financing. The core mission of the organization is to promote entrepreneurship among Nigerians and also provide capital to start the business.
Aside funding, SMEDAN also provide business owners with hands-on training and support to help them run their business.


Lidya is an online platform that provides businesses access to finance. The platform offers small and medium-sized businesses with unsecured loans of between $500 and $15,000.
According to the founders, “Lidya uses technology and algorithms to assess the risk before granting the loans, it allows them to offer financial products to these customers at a low cost.”.To get quick loan please visit website here

7. Branch
Branch Loan is another platform that offers quick online loans in Nigeria. You can get access to loans from ₦1,000 to ₦200,000 within 24hrs, with a period of 4 to 40 weeks to pay back.
It is arguably regarded as one of the most reliable platforms where you can get an online loan because of its mode of operation. Its interest rate rages from 15% to 34%.
As a borrower, you don’t need any collateral or income generating assets to get a loan. Interest rates are determined by a number of factors, including the lender’s repayment history and the cost of lending for Branch.
Branch has made it easy for Nigerians to access loans from anywhere in the country without physical engagement or collateral.

To get quick loan please visit Branch loan website

Zedvance is a consumer finance company committed to providing consumer credit to individuals. You can borrow up to 3 Million Naira in less than 24 hours.
The company specifically provide loans to salary earners but if you are a salary with a side business, you can pick up the deal to finance your business use.

To get quick loan please visit Zedvance loan website

Paylater is an easy and entirely online lending platform that provides short-term loans to individuals and small businesses in Nigeria to help cover unexpected expenses or urgent cash needs.
With Paylater, you can access up to 500,000 Naira loan with no collateral. Once your application is approved, funds are typically received within 1 – 3 business days. Making on-time repayments can grant you access to higher credit limits for your next loan.

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To get quick loan please visit Paylater loan website

KiaKia is a digital money lender for Nigerian businesses. KiaKia utilizes psychometry, big-data, machine learning and digital forensics for its proprietary credit scoring and credit risk assessment algorithm to provide direct and peered personal and business loans to millions of individuals and SMEs without credit information.
The name KiaKia was derived from a Nigerian language which means “Fast Fast”. According to them, the solution is very simple and fast, but highly effective and efficient.

To get quick loan please visit Kiakia loan website

11. ONE-FI
onefi nigeria website
Formerly known as One Credit, OneFi is a credit facility company that offers short-term consumer loans to credit-worthy individuals with limited access to finance.
One-Fi loan repayment cycle is typically between 3 – 6 months, with loan amounts up to N200,000 or more.
To get quick loan please visit OneF1 loan website

12. C24

C24 Limited is a microfinance institution that was established with the sole mission to create an avenue for people to actualize opportunities around them, by helping them access cash loans when they need it.
C24 understands the need for quick cash loans and the necessity of quicker loan processing time. Their online loan process has been optimised to help applicants avoid the stress associated with other loan companies.

To get quick loan please visit C24 loan website

QuickCheck is a modern lending platform for individuals and small businesses. QuickCheck uses mobile technology to enable individuals and small businesses to gain access to financial credit.
According to the platform, users can access quick and hassle-free loans of up to 30,000 Naira without any collateral for a duration of either 15 or 30 days.

To get quick loan please visit QuickCheck loan website

Specta is an online lending platform that gives you loans of up to 5 Million in one transaction all within 5 minutes! No collateral, no paperwork and no visit to any office. With Specta, you can take care of urgent personal and business needs anywhere, anytime.
Specta has 2 loan products, MySpecta which offers individual loan services and Specta4Business which provides quick and accessible loan for corporates and business owners.

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To get quick loan please visit Specta loan website

FastCredit offers business loans to micro, small and medium enterprises to support business growth. The loans are backed by guarantors and are for a maximum tenor of 6 months for business owners that meet the criteria.
Aside from business loans, they also offer simple and fast ‘all-purpose’ cash loans to employees of corporates such as the banks, TELCOs, Insurance/other financial institutions, FMCGs, Pharmaceuticals, Aviation, Oil and Gas employees etc to enable them urgently meet their consumer needs.

To get quick loan please visit Fast Credit loan website

16. Jumia Loan
This is a quick cash loan platform created by Jumia to provide users with instant loans. Jumia loan can be accessed from the JumiaPay Android app on Google Play Store.
All you have to do is to download the app, go through the ‘financial services’ section, and provide your details. Once your request is approved, you’ll get your loan without collateral. The next time you’re wondering how to get a loan, you might want to consider Jumia loan.


17. Fint Loan
Fint Loan grants you access to affordable loans. This is one of the loan companies in Nigeria that gives you the opportunity to borrow at as low as 2% monthly for your rent, medical bills utilities, school fees for yourself and your co-workers once you register your company on the FINT employment model.

To get quick loan please visit Fint loan website

18. Social Lender
Social Lender is a lending solution based on social reputation on mobile, online, and social media. It bridges the gap of immediate fund access for people with limited access to formal credit.
With its own proprietary algorithm to perform a social audit of the user on social media, online and other related platforms, Social Lender gives social reputation score to each user.

To get quick loan please visit Social lender loan website

19. Migo ( Know before as Kwikmoney)
Formed out of a partnership between companies, banks, and other technology companies, Migo loan is a platform where you can get a quick loan in Nigeria. With your Bank Verification Number (BVN) and your account number, you can access up to N500,000 instant collateral-free loans.


19 Companies That Gives Quick Loan Without Collateral In Nigeria

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