Online loans in Nigeria are now the new black, considering the hassle it typically takes to secure a loan from a Nigerian financial institution (which in this case is of course, Nigerian banks �).

But thanks to the dawning of a new age of technology where brick and mortar financial establishments have slowly begun to lose their iron clad grip, for the fast-footed, tech conscious Nigerian, the path to securing online loans in Nigeria has never been easier.

So what’s this big secret to securing loans online?

Even the “5 minutes” fish bait is enough to make the faint hearted conclude it a scam.

But it’s not even close.

New startup on the block, Paylater says otherwise.

Founded in 2012 by Parent company, OneFi, Paylater via its mobile app aids Nigerians apply for short-term loans to help cover unexpected expenses or urgent need for cash and here’s the best part…there’s no collateral or guarantor needed! If you’re good to go, you get a credit alert in just 5 quick minutes! Find out more