The giving and receiving of loans in Nigeria has grown far beyond expectation. Today, there are different ways and places where an individual can collect quick loans without collateral in Nigeria without being required to provide any employment proof or going to the bank to verify some other things.
The time period of paying back the loans being received depends more on the particular service providers whom the loans were being collected from. These providers may decide to receive back their payment between the period of 13 days to a period lasting for 7 months or before 7 months. As we have said earlier, all depends on whom you collected the loan from. What determines the amount which an individual can be able to collect is the information being provided, and there is no delay in sending or transferring the money which the individual has requested.
As we mentioned in the first paragraph, there are many providers that can help in giving people quick loans without collateral in Nigeria, but we will talk about five of them. Below are the five platforms where quick loans can be received without collateral in Nigeria:
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Paylater
With an Android phone, paylater can be accessed online for collecting quick loans without collateral. The loans that that are being received by them are being used mainly for the purpose of making expenses that were not budgeted. They offer short-term loans that should be paid back within the period of 1 to 3 working days. The requirements of this very provider are Bank Verification Number and correct details of the bank. An individual can receive funds of up to 500,000 Naira on paylater without any collateral. If an individual does not fail to pay back the loan on time, then the individual can be eligible for a higher amount of money next time. Their loans can be repaid through a direct transfer, debit card, and Quickteller.
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Aella Credit
Aella credit has helped and is still helping to create platforms that make financing very easy for the majority of people in Nigeria. Their focus is based mainly on employees, and they provide them with empowerment. Before you can make use of this platform, you should have a valid Bank Verification Number and complete bank details. The platform at which the transaction can be made is on an Android phone, and they offer their loans with interest, which depends on the credit. Their interest ranges from 20 to 27 percent. They do not offer multiple loans to an individual at once, and their loans are often being paid back through a debit card. Aella Credit offers quick loans that can be easily repaid.
Kia Kia
This is a digital money lending platforms for businesses in Nigeria. Before you can make use of this platform, you should have a valid work Identity card and working bank details. They live up to their name, which is derived from the Nigerian term, which means “Fast Fast” as they offer fast loans to individuals and businesses. They offer their loans with interest but without collateral. The interest depends on the amount which a person has requested for. The interest ranges from 6 percent to 24 percent. The minimum loan collected from Paylater should be paid back within the period of 7 days, while the maximum loan can last up to 1 month. All depends on the amount being collected. Their loans can be repaid through Direct deposit and debit card.
One-Fi
This company was once called one credit before embracing the name “One-Fi.” They offer quick but short-term loans to individuals that are worthy to receive credit. They can offer loans of up to 300,000 Naira without collateral to individuals which should be paid back within 3 to 6 months.
Quick check
This is an online lending platform that provides loans of up to 30,000 Naira for both individuals and businesses of small scale in Nigeria without collateral. Before you can make use of this platform, you should have a Facebook account, an active phone number, and your means of making money should be provided. Their loan is to be paid back within the period of 7 days to 1 month through Direct deposit and debit card.
