The lack of capital is one major problem
affecting business startup, not just in Nigeria
but globally. Sometimes, you may have a very
good business idea but lacks capital to bring
the idea to reality. This, has made many
business ideas to only remain as idea.

To secure a bank loan you need a cogent and
verifiable landed property or very important
document to keep with the bank as a sign of
your indebtedness to them. Unfortunately, the
only verifiable property of the young
entrepreneur is in there mind map – the business idea.

Interestingly, some Nigerian banks have
awakened to the reality that most start-up
entrepreneurs in Nigerian have only solid
business ideas behind their heads, and no
collateral to show for their loans.

And today, you can receive a bank loan of 50,000 abovE.

Here are five Nigerian Banks That offers you collateral free loan. Although, the loans are not without requirements. But not in form of collateral.

Here are they:

1. Wema Bank
2. Firstbank
3. GTBANK
4. Heritage Bank, and
5. Stanbic IBTC.

Like I said earlier, this loan is not without requirements. For instance, to be qualified, you need to have a business account running for at least a period of 6 months.

The FULL article can be accessed via: www.esy.com.ng/nigerian-banks-that-gives-business-loan-without-collateral .

Finally, before you apply for any of the loan, please do your own finding appropriately. This you can achieve by working into any of the listed banks.

This is quite interesting.