Where you might get collateral-free individual loans online in Nigeria

Where you might get collateral-free individual loans online in Nigeria

Accessing unsecured loans has had a various measurement with a number of companies offering collateral-free loans with no need an evidence of work and sometimes even a see to a banking hallway for a few documents.

The payment period of these ranges from fourteen days to half a year, with regards to the providers. The utmost amount you can access initially is based on the supplied information, and asked for funds are moved very nearly straight away.

Listed here are a few of the providers of these unsecured loans in no specific other.

  • Needs: Valid bank details and BVN
  • Platform: Android
  • Rate of interest: 5% to 30per cent, according to credit score
  • Loan tenure: 15 times to six months
  • Numerous loans at time: No
  • Repayment stations: Debit Card, Quickteller and transfer that is direct

To access unsecured loans from Paylater, all that’s necessary can be an Android os device, information connection and legitimate bank details. Paylater claims that users that repay on-time gain access to a greater credit limitations. There is certainly a validation fee of ? 100 in the loan that is initial.

KwikCash by 9mobile

  • Demands: A mobile quantity and legitimate bank details
  • Platform: USSD (*561#), web
  • Rate of interest: 10 – 20%
  • Loan tenure: week or two
  • Numerous loans at a right time: No
  • Repayment stations: ATM, debit card, USSD and transfer/deposit that is direct

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