I'll be sharing with you platforms you can get soft loans without collateral.
You can join the whatsapp group here to get early info

/BfXgql7hu9h3L9tmZDJKBh
add this (https) followed by ( : ) before chat.whatsapp........

1. Paylater: The first on our list is paylater. Just as the name implies paylater allows you to get soft loans from as low as N7000. You don't need any documents. All you need is your bank details.
You might be wondering why your bank details or if they are trust worthy. Well paylater is owned by One finance a fintech company fully regulated by CBN with its headquarters in Lagos.

How Does it Work?
You download the app on Google playstore. Install fill the info required and boom you are as good as getting your first loan.
You'll need to allow location access on your device. However you ma notice that your loan is declined. This can happen if your details do not match so ensure your Bvn details tallies with the details you give. Your credit level increase and interest reduces when you pay back early.

What Happens if I Default?
There are penalties for defaulters. Paylater works with a point system so if you default your point is deducted which will affect your credit level. However if you do not payback after months you are risking being sued by the one finance.

2. QuickcheckNG : Quickcheck is similar to Paylater but operates differently. Unlike paylater quick check only charges you per the number of days. In other words if you borrow for 10 days you'll pay 1% each day and for the days you don't use you'll not pay a kobo.
However if you default your loan piles up 1% daily until you pay your outstanding loan.
You can choose to pay installmentaly
The only setback of quickcheck that I know is their poor customer service.

I'll share more info if more people show interest

Continue

I do

3. Aella Credit: AC works pretty much like paylater the loan access is easy and you can choose an option of paying weekly or monthly.

AC initially existed as a web app only available for employees residing in Lagos alone until recently I got an email from them (having registered about a year ago but unable to get loan then) that their platform is now available on mobile device and for non Lagos residents.

With AElla Credit you can borrow from N10000 if you are eligible.

The registration process is simple but you'll need a selfie. If you are employed you'll tick the button but if not you leave it self employed.
After completing the form you'll receive your loan within the next 24hrs.

horpie:
Continue

Bibi294:
I do

horpie:
Continue

Here is another I'll drop more later I'm a bit buddy with works. You can join the whatsapp group cos I may stop posting here if there are not up to 10 interested persons.

For those thinking I'm trying to get attention please not that these are platforms I've tried and I'm sharing my experience based on what I've seen so i cannot be talking in an empty room. Also bear in mind that this is a deep thread and may not make front page. so the more comments and questions the more this thread will stay alive.

if you encounter any difficulty ask your questions here others will benefit from it.

It says loan without collateral but wat u will see later wuill baffle one: bring this docume or dat

ejikemeuwa:
It says loan without collateral but wat u will see later wuill baffle one: bring this docume or dat

Hello @op great job here. In line with the quoted post, are these loan providers leaving out collaterals in the every sence of the word? Or is it when the process begins that you begin to notice bottlenecks.

Secondly, are they meant for only employed individuals, it is quite understood anyway especially when it comes to paying back.

Still have more questions but this will do for now.

Thank you.

Interesting... This is valuable knowledge.

In fact one of the reasons why businesses don not thrive in Nigeria is due to difficulty in getting loans and other forms of Capital.

This is one of the Success secrets in the Western world...

interested

Great thread.

We have tested and can attest to the genuineness of Paylater.

It works and honestly the money hits your account in less than 5 minutes of your completing the request process.

There is even another one that requests your participation via sms. We also tried it out and it worked. The value of the facility for this one was just 5000 and the interest was 20% for two weeks.

Paylater has different interest rate regimen. We got 20% for 60 days.

Bravo OP.

spotmataz:


Hello @op great job here. In line with the quoted post, are these loan providers leaving out collaterals in the every sence of the word? Or is it when the process begins that you begin to notice bottlenecks.

Secondly, are they meant for only employed individuals, it is quite understood anyway especially when it comes to paying back.

Still have more questions but this will do for now.

Thank you.

Thanks.
To answer your question.... there are no collaterals required the only thing required is your faithfulness.
The platforms analyse your credit score through your Bvn and account number. Your first loan might be as small as 10k but the more faithful you repay without default the higher your credit level. which means you can borrow more.

secondly no documents are required only your Bvn and a selfie from your phone to easily identify your face. Then you'll add a payment method ie your debit card.

4. Branch: Next on the list is this unique platform called branch. I don't know how they got their name though but they are different from others in terms of the way they operate. Branch offers you the ability to get loans using your mobile device.
However branch is different from others because the repayment is strictly weekly. I haven't succeeded in taking any loans though as their system keep rejecting my applications.
One weakness of Branch is that once you are rejected you have to wait two weeks without uninstalling the app
The registration process is similar to other platforms.

All of them are small amount those you think it can help in any business

careerpluzz:
Great thread.

We have tested and can attest to the genuineness of Paylater.

It works and honestly the money hits your account in less than 5 minutes of your completing the request process.

There is even another one that requests your participation via sms. We also tried it out and it worked. The value of the facility for this one was just 5000 and the interest was 20% for two weeks.

Paylater has different interest rate regimen. We got 20% for 60 days.

Bravo OP.

What!!!!

Incredible!

I keep saying it, there's so much money in the hands of retailers. Poor people spend more money for less.

20% on a few thousand naira loan for 60days?
Short term. Less risk. Very minimal exposure.
Boy! This is good business.

This pricing is everything.

4. RenMoney: RenMoney offers short term loans (1-6 months) to employed or business owners in Lagos ONLY. If you have a registered business and reside in Lagos you can get loan of minimum 50k and up 2m within 1 to 6 months. Returning customers have the exclusive options of extending their loan tenures to 12 months.
you can join our whatsapp group using the link above

cefezyA:
All of them are small amount those you think it can help in any business

Yes the small amount can help you start a very good business especially as an agent of a very well known company with over 5,000 products to seller. Their commission on every sale you make is just fantastic. Plus there are ways to make extra money on each sale .
See the link below and get in touch for further insight .


https://www.nairaland.com/4140107/start-very-lucrative-business-n15k

Hi gsogbu,

I can't access the whatsapp group. Please how do I join? Thank you.

4rfgdfhvb

For CBN and state regulated lenders giving out loans without collateral check out the full list on www.startcredits.com.
They list the requirements set by each lender for the borrowers.
Also to OP the reason some of the lenders charge a high interest rate for loans without collateral is that some/a lot of the borrowers will not pay back the loans and so they have to have a high interest rate to ensure they cover the loss from the bad borrowers and stay alive in business.

Run from scammers.... You can easily get a loan from loulak-DHDP investment portharcourt at a very low interest rate. Our services are for clients within Rivers State and environs. Visit us at No. 7B Ekere Street Rumuobiakani off Aba Road close to Bridge bustop Portharcourt. You can call... 08064727964, 08038998386. Email : amoguiyke@loulak.com, info@loulak.com. www.loulak.com.

without a phone, can i access the apps via pc?

You need a smartphone to access apps. https://StartCredits.com lists most of the quick online loans without collateral in Nigeria for you to make an informed decision.

Get soft loan from N5,000 to N200,000.

Location:Lagos

Email:loanenquiries@gradesgate.com.ng
Whatsapp:08097111171
Phone number : 08097111171.

N.B: It is ONLY for salary earners who has a verifiable source of income.

If you are a salary earner in Lagos and looking for online, personal loans, I would recommend Easyloan (www.easyloan.ng).

You can get between 50k and 1 million naira depending on your salary and you can pay back in instalments, between 3 months to 1 year. Easyloan offers a relatively low and flat interest rate of 5% per month.

You could also get a bonus of up to 1% per month, if you repay on time throughout your loan duration.

Application is almost 100% online though there is an offline option if you choose. You will normally receive your loan within 24 hours of fulfilling all requirements.

Call 09096665661 or 09080702018

I wish to share this with my fellow youths. I stumbled on an affiliate marketing system that is based in Las Vegas USA, that promised to train people for free. Their training modules are very interesting and has the potentials to become a huge source of income. The training starts on Saturday and It is totally free. You will learn everything on how to successfully build an online business be it on facebook, youtube, instagram, twitter, blogging, ship-dropping, google, adsense even online agents to mention but a few. It is a USA based company.

I commented about it on a post here yesterday on Nairaland and plenty people already email me for the link, so I decided to make this post to inform all Nigerian youths about it.

I have contacted some authorities that I know, who have built lasting online affiliate markets and they confirm it is real and rewarding. I have therefore registered, and had the access to see the complete menu. Nigerians are on the list making minimum 5k per month according to their rank.

I don't think it is wise to post the link here as the company is strongly against sparming. I am not an expert in this field, as this is my first attempt and I am happy it is legit. Send me an email as others are doing before the "cut off" this night. Even if you are not interested in the business aspect, try and get the training, you can use it to create your own system. Don't forget that it is free, free, and free. Here is my email for serious people....... dekingboy@yahoo.com Don't forget to thank me.

I have a long cue of people in my inbox waiting for the link. And anybody you enroll before him/her becomes your pre-enrollee, incase it turns to business for you. That means they fetch you money. I prefer Americans because their package is richer. Email...dekingboy@yahoo.com.... If you have any question email me too. The system is familiar but totally different.

Are you in need of a soft loan to the tune of N2,000,000 for up to six months?

Who can apply?
Salary earners ( Lagos, Ibadan and Abuja )

Call us on 08097111171(8am-5pm...Monday - Friday)
whatsapp:08097111171(24hours) email:loanenquiries@gradesgate.com.ng

gsogbu:
4. Branch: Next on the list is this unique platform called branch. I don't know how they got their name though but they are different from others in terms of the way they operate. Branch offers you the ability to get loans using your mobile device.
However branch is different from others because the repayment is strictly weekly. I haven't succeeded in taking any loans though as their system keep rejecting my applications.
One weakness of Branch is that once you are rejected you have to wait two weeks without uninstalling the app
The registration process is similar to other platforms.

Branch is BAE