Top 10 Online Loan Lending platform In Nigeria without Collateral

Nigeria financial institution output has grown over the years and also has the need of financial leading.

Indeed, borrowing has become part and parcel of our society .It now exist in our daily lives .We cannot carry our daily needs or business without money.many individuals and business owners might need some extra-cash to handle some financial issues around them.

When all means of getting CASH has been exhausted, the best alternative is to consider getting a quick and easily affordable loan online.

Financial technology companies are disrupting the lending industry and some of them offer quick, easy and cheap loans with no collateral.

This quite different from traditional banks that offer loans with high interest ,high rates of paperwork or requirements as well as provision of guarantors among others just to lend money.

Also read: How to check BVN code via mobile phone on MTN, Airtel, 9Mobile and Glo

The following online platform gives loan without collateral

  1. Carbon{PayLater}

The online lending platform provides short-term loans to individuals and small businesses in Nigeria.Through Paylater, you can get a loan from range from N10,000, N100,000 N500,000 to N1 million at different interest rates between 5 to 12.6%. The loan is determined by the risk involved and cash activities via your BVN.

Once your application is approved, funds are typically received within 1 – 3 business days

The loan tenure ranges from 15 days to 6 months. To repay loans, you can use your Debit Card, Quickteller platform or direct transfer from your bank account.The Interest rate: 12 – 15% (Depending on risk level)


2. Renmoney

Renmoney Personal Loans and Micro-Business Loans are designed to conveniently meet financial needs. So, whether you’re employed or run your own business, you can get a loan of up to ₦4,000,000 that can be repaid within a period of nine months without tendering collateral or a guarantor.

The interest rate is between 4% to 4.5% per month.


3. Branch

Branch offers loans range from around ₦ 1,000 to ₦ 200,000. If you repay loans as scheduled, the amount that you can borrow will increase.. Loan terms range from 1 month to weeks. Interest rates are determined by a number of factors, including your repayment history with Branch and the cost of lending for us. Depending on these factors, branch rates vary as follows:

The Interest Range: 14% – 28%, while Loan Terms: 4 Weeks – 15 Months


4 Aella Credit

The quick loan platform is designed to help employees access more funds between 1,500 to 700,000 and an interest rate between 4% – 29% monthly.

Aella Credit uses a proprietary credit scoring algorithm to determine the creditworthiness of its users

The online loan app Interest rate: 4 – 29%…Loan tenure: 1 to 2 months


5. KwikCash

Kwickcash is an online lending platform, created by “partnership between banks, mobile operators and technology companies”, that offers online loans in Nigeria.

On Kwik Cash, you can get a loan as high as N15,000 to N500,000 at 15% interest rate for 15 days (half a month) with no collateral

6.Quick Check

The online platform offer individuals and small businesses loan,users can access quick and hassle-free loans of up to N30,000 without any collateral for a duration of either 15 or 30 days.

7 Page Financials

Page Financials is an innovative retail financial institution offering various quick personal and salary advance loan to meet the financial request of customers.

, Page Financials offers a daily rate of 0.5% which accrues on its Debit card issuance also known as Pledge Finance.

Pledge Finance debit card is a preloaded with up to N500,000 depending on your net monthly income. The company also charge a one-off fee of N1,500 for the card valid for a period of 3 years.

The interest rate is accrue daily at 0.5% which is about 15% monthly on the loan card

8. FairMoney

FairMoney packages include personal loan, education loan, business loan & more. They offers short-term loans to help cover for urgent needs, bills, business and much more.

FairMoney offer loans from N1,500 to N150,000 for a period of one to three months. The better your lending history and positive behaviour, the more you can access and the longer the period!

The interest rate varies based on your profile, from 10% to 30% per month.

How can i repay?

Click on the “Repay” button in the app to pay with an ATM card.

You can also repay via bank transfer or cash deposit to the following details:

Account Name: MyCredit

Bank Name: Stanbic IBTC

Account Number: 0023462495.

Please add the code given in the app to your transfer reference/description.

After the payment, please send an email to with a screenshot of your proof of payment.

Kindly note it takes up to 24h to update your repayment.

9 FINT Loan

FINT helps match lenders (individuals looking to lend) with creditworthy borrowers for a competitive return and at an attractive interest rate.

Access Credit

As a Borrower on FINT, you can obtain get Loans at as low as 2% per month. You do not require any collateral and loans can be used for private functions such as rent, home renovations, land purchase, automobile purchase, medical expenses, furniture and appliances, business opportunities, education amongst others.

Simply apply for a mortgage by answering the FINT Risk Assessment and Investors will fund your loan which can be disbursed when completely funded.

Apart from this, like different lending platforms in Nigeria, FINT charges the borrower two fees that are each one-time payments. The first is a verification fee (NGN 3000) and the 2d is a closing charge (8%). The closing rate is to be paid earlier than disbursement of the fully-funded loan. In addition, a transfer price (1.8% + NGN100) is surpassed on to the borrower.

FINT interest charges vary from 3% to 5% per month depending on borrower’s threat score.


ALAT is Nigeria’s first fully digital bank. It is a subsidiary of Wema Bank Nigeria. With ALAT you don’t need to go through the process of opening an account in a commercial bank but you can operate it like a bank account as you would even be given a Debit Card linked to your ALAT account.

The Interest rate charged for this service is 20% per annum.
The interest rate may be increased or decreased from time to time by us. Such change in the interest rate will take effect following a minimum of ten (10) Business days written notice to you by email.


Other online loan apps are::

12.  Sokoloan.
14.  One-Fi
15.  Pay Connect
16. Snap Credit
17. CreditVille
18. Specta
19. KiaKia Urgent Online Loan
20. C24 Loans
21. Zedvance

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