₦airaland Forum

VivaciousEva:
You have a lot of options and can apply to any of the brands already mentioned. Just google their names to locate their websites so you can get details about their requirements.

If you are a salary earner in Lagos and with steady salary, I would recommend Easyloan (www.easyloan.ng). You can get between 50k and N1m depending on your salary, to pay back between 3 months to 1 year. They offer a relatively low and flat interest rate at 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 receive your loan within 24 hours of fulfilling all requirements.

thanks, but am not a salary earner . and I am in Anambra .

Please ensure you check the interest rates on available loans for your requirement on www.startcredits.com before you take out any loans.

Are you in need of a soft loan to the tune of N1,000,000for up to six months?
Who can apply?
salary earners(Lagos and Ibadan)

Call us on 08097111171/08174777977 (8am-5pm...Monday - Friday)
whatsapp:08097111171/08174777977 (24hours)

email:loanenquiries@gradesgate.com.ng

Branch is BAE

Paylater and kwikcash are cool

Which of these loan platforms can give up to 5million to start a business. I have a collateral which is a 2 bedroom flat with original documents.

Borrowers must ensure they check the interest rates on available loans for your requirement on www.startcredits.com before you take out any loans to avoid bankruptcy or foreclosures.

sellamarket:
12. FINT

As a Borrower on FINT, you can gain access to Loans at as low as 2% per month. You won't have to manually pay every month because FINT Automatically does the heavy lifting.

Simple and Affordable Loans

>> Borrow between ₦60,000 - ₦2,000,000
>> Fixed Term - 6, 12 or 18 months
>> Pay back principal and interest monthly
>> Low interest rates (as low as 2% monthly)
>> No collateral required

How It Works

1. Get Your FINT Score
Answer the FINT Risk Assessment for N1,500 and get your lowest eligible rate in minutes.

2. Choose Your Loan Term
Get a fixed term for 6, 12 or 18 months as well as your interest rates. No hidden fees or tricky fine prints.

3. Upload Documents, Be Verified and Get a Loan
We carry out some verification checks on your information. Once you upload the required documents, your loan is visible on the platform for lenders to lend to you..

4. Disburse Your Loan
Once full funded, Pay the 8% commitment fee and your loan will be sent to your bank account.

Source: https://ioumoney.com.ng/online-loans/fint/

Get this App https://play.google.com/store/apps/details?id=com.ioumoney.pro - it gat all the loan providers in one place

sellamarket:
Today am going to share with you guys the best small business online loan lenders in Nigeria. Below are the top 10 business loans for startup founders, small business owners, and entrepreneurs seeking for collateral, non collateral, cheap and low interest rate business loan to empower their businesses.

1. OneFi Business Loans

OneFi Loans mission is to provide short-term and affordable consumer credit to individuals who have limited access to finance.

Customer service

The customer is our top priority, and we are committed to providing exemplary service at all times.

Innovation

This means listening to the customer and giving her what she wants – at a point and time of her choosing. Innovation really is that simple.

Technology

We leverage technology to make it easy for you to access our products irrespective of distance and time of day.


2. Aella Credit

Aella Credit is a Personal Loan lender that underwrites loans with a proprietary algorithm. Our pilot launched with a focus on the Nigerian market and integrated with local credit bureaus. Our team has over 30 years of combined experience with a core focus on technology, finance, risk management and analytics, we give affordable Personal Loans and strive to ensure an excellent customer experience.

Aella Credit offers loans with the opportunity for declining interest rates based on our in house repayment reward system while offering financial literacy training, and the opportunity to build credit within the consumer finance space.


3. KiaKia Business Loans

KiaKia is a direct money lender. We provide quick loans to credible borrowers within 1 hour of completing our entirely online loan application*. We are Nigeria’s first online money lender. No physical meetings, No paper application filings. Everything happens online and in real-time, 24/7.

Financial credits don’t give as much value to borrowers as making such available exactly when they need the credits. This is where our name KiaKia loan derives its inspiration. We want to deliver responsible lending services to credible Nigerians in real time. We are Nigeria’s premier online money lender.

BEFORE YOU APPLY

1. Be aware and advised that we take the credibility of our site users very seriously, hence we use industry’s most advanced data integrity authentication validation systems.

Users of this site must ensure that personal data are authentic and genuine to prevent avoidable blacklisting, denial of service and possible criminal prosecution where necessary.

2. Be advised that our primary means of identification for all our website users (borrowers and attesters) is the BVN (Bank Verification Number).

3. We use your social media as a source of data for risk assessment. Therefore, it is very important that personal information such as names on social media accounts MUST not be aliases or monikers.

4. Loans are not designed for business purposes and for long term use. Our loans are designed to provide financial credits for urgent and unexpected consumer needs before your next employment or business income.

Our loan rates could be as high as 240% APR (Annual Percentage Rate).

5. KiaKia is neither a deposit money bank, finance house, micro-finance bank nor fund manager. We are a licensed direct money lender. KiaKia nor any of our affiliate services will never solicit nor ask you for fund deposits with us.

Please kindly contact us to report if anyone contacts you soliciting for funds.

6. We will never ask you to share your debit card details either via email, SMS or phone call.


4. ZEDVANCE LIMITED

We are committed to providing consumer credits to our target market in the most efficient and convenient manner while ensuring best practice. We provide payday loans, Cash Loans to individual, groups and offer Point of Sale finance for consumer goods and appliances in partnership with retailers across Lagos.

INTEGRITY

We always keep our word.

We place our integrity high above other things, that’s why our company policies are geared towards fair business guidelines and frown upon exploitation of our customers. That’s one more reason why you can trust us.

COMMITMENT

We put our customers first.

We are commited towards giving you the best financial service that’s why we all work together as a team and devote the best of our ability to providing the best and most customer friendly loan services.

PROMPTNESS

We deliver on time.

We understand the urgency of your needs and the difference prompt service delivery can make. That is why we work fervently to deliver our services to you in record time without compromising on quality.


5. Rosabon Business Loans

Now more than ever, many people have resorted to taking out loans as they come in handy for situations that savings alone cannot handle.

With our loan facilities there are so many possibilities! Whether it is planning your wedding, paying the children’s school fees or remodeling your kitchen, Rosabon is here for you!

Our loans come with affordable interest rates and a flexible repayment schedule which is conveniently spread over a period of 6-8 months.

Rosabon Quick Loan

Attend to financial emergencies with Rosabon Quick Loan – RQL. With Rosabon Quick Loan, you are no longer caught unawares as you can now loan up to N650,000 within 24 Hours to finance urgent needs and emergencies.

No collateral, No Guarantor, Affordable Interest Rates!

To Apply, You Need To:

- Be in a paid employment
- Be between 21 and 58 years
- Have a current account
- Get a pension account or tax ID
- Acquire a valid Proof of Identification


6. UT Personal & Social loans

Our business loans are targeted at providing quick funds to business concerns towards meeting deadlines and attaining profitability and growth.

We pride ourselves on being able to deliver within the shortest possible time within the industry (72 hours) while we strive to even do much better than this.

Our business loan structures are simple; flexible and tailored to meet the needs of the clients with little or no hassles.

The tailored loan types under the business loan category are:

Working Capital Loans (WCL)

Are you out of stocks?, do you want to be more efficient in your business?. Improve your working capital position in a unique way at attractive interest rates.

Stop Gap Loans (SGL)

While waiting for the disbursement of an approved loan or financial package from the conventional banks or other sources of funding; our clients may avail themselves the opportunity to utilize this facility in order not to lose time on their projects.

Special Purpose Loans (SPL)

The SPL product is a quick financial response to LPOs; Pos; Project and contract finances.

We meet your contract deadlines; make your contract originators happy and proud of you at a price of winning more deals

Market Borrowing/Investments

We have a bouquet of investment products geared at encouraging our clients to maximize the returns on their fund while assuring fund safety.


7. Seedvest Business Loans

Our business loans are designed to meet the finance needs of commercial, small and micro enterprises.

Specifically, working capital, purchase order finance and invoice discounting finance needs are addressed by our business loans.

Features

- Loans up to N5million
- Tangible assets required as collateral

Requirements

- Duly completed application form
- Cashflow statements (sales records, bank statements)
- Full collateral coverage
- 3rd party guarantee/guarantor
- Completed KYC documents


8. FCMB Business Loans

SALARY PLUS

Personal loans are based on your monthly salary.

- Features
- Borrow N180,000.00 to N10,000,000.00
- Pay over 12 to 60 months
- Added Insurance for loan customers
- Pricing is based on employer rating

Benefits

- Versatility – Customers can apply for this loan in any branch of FCMB
- Flexibility – Customers can apply for a Top Up 6 months after initial loan disbursement
- Speed – Quick Turn Around Time

Eligibility

- Confirmed employee of FCMB rated companies. (The list of rated companies is available in our branches nationwide)
- Employer must give a commitment to remit his/her monthly salary to FCMB account.
- Minimum net monthly income of N18,000.00
- Employee must receive at least 1 salary payment in FCMB prior to the loan disbursement.

Visit any branch of FCMB for documentation requirement.


9. Stanbic IBTC Bank Business Loans

Our Business Loan provides funds which you can repay over one to five years. You repay the loan in monthly set installments.

Whatever your business plans, our fixed or revolving business loans can help you reach your goals.

What does it offer you:

- Where you use the loan to buy an asset, the asset becomes yours when you make the last payment.
- The repayments are structured to suit your business’ cash flow.
- You’ll get access to affordable insurance for your loan.

What you need to apply:

- The full names and capacities of those who will sign
- CV of each member of the management team.
- The reason why you need the finance.
- Your business’ financial statements, including an income statement, balance sheet and cash flow statements.
- Personal statements of assets and liabilities of all the partners, members or directors.
- A 12 month cash flow forecast.
- The amount of your own contribution and the source of the funds.
- If you do not have a business account with Stanbic IBTC Bank you must provide the business’ bank statements for the past six months.


10. RenMoney Business Loans

RenMoney (formerly RenCredit) started operations in 2012 under a unit Microfinance Banking License in Ikoyi, Lagos. It then upgraded to a state license to operate multiple locations in Lagos State.

This led to the opening of five additional branches – Ikeja, Surulere, Lagos Island, Apapa and Ikota.

RenMoney offers customers unsecured cash loans (i.e. not requiring collateral or guarantors) of up to NGN2.5 million for a tenor that ranges from three (3) to nine (9) months for new customers.

But, a returning customer enjoys a longer tenor of twelve (12) months.


Source: https://ioumoney.com.ng

Get this App https://play.google.com/store/apps/details?id=com.ioumoney.pro - get all the loan providers in one place

That is nice, and there are even other ways that users do not even need financing to start a business, and I read about that here: https://zeodigitalacademy.com

I also read about other ways one can make money online, and they can be found here: https://zeodigitalacademy.com

abrahamawe1:
Shouldn't CREDITVILLE be my best choice?

So seamless, and I am balling...

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what are the requirements to access their loans?

How çome Page Financials is not on this list. They are unarguably the best in that industry. App, card, customs met service to mention a few.

See their site here
[url]pagefinancials.com[/url]

Most are for salary earners including them.

Tackleberry05:
How çome Page Financials is not on this list. They are unarguably the best in that industry. App, card, customs met service to mention a few.

See their site here
[url]pagefinancials.com[/url]

sellamarket:
[UPDATED]

I WANT TO ADD NEW ONLINE LOAN PROVIDERS IN NIGERIA TO THE LIST.

11. SnapCredit

SnapCredit provides instant credit solutions to employees. We collaborate with employers and provide their staff with an online platform to access loans.

Our platform eliminates all the hassle and gives employees instant 24/7 access to credit at very competitive and fair rates.

More and more employers are inundated with requests from their employees for financial assistance. Bank loans and Micro-finance loans take weeks to secure, come at high interest rates and require paperwork from both the employee and his employer. SnapCredit provides a technologically driven alternative to accessing credit.

About SnapCredit
SnapCredit Limited is an authorized, regulated direct moneylender based in Lagos. The company has been active in Nigeria since 2014 and is part of the Snap-Capital financing group (www.Snap-Capital.com), which focuses on providing innovative, technology driven financial services in emerging markets.

How it Works?
Apply online - Employee applies for a loan on his mobile, tablet or PC.
Get your money - Real time verification. Once verified - money is sent to the employee’s bank account instantly.
Repayment - Done by the employer in the form of monthly deductions from the employee’s salary.

Source: https://ioumoney.com.ng/online-loans/snapcredit/

A lot of Nigerians do not know about GTBank's Quick Credit!

I use GTBank for my business but I saw this GTBank Quick Credit flyer (attached) in my mail some time ago.
So, yesterday, I tested this on one of my staff who needed a loan, whose salary account is in GTBank (all my staff salary is paid through GAPS).
She insisted on walking down to RenMoney because a Sales Lead had assured her she would access a loan and get it quickly after all the documentation. So before she left, I said to her, "try this first and if it does not work, you would at least have another option open." so she agreed.

Using *737*51*51# on her GTBank SMS Alert Mobile Number Line tied to her account, we got a prompt saying she was qualified for a loan of N384,265.00 but she only needed a loan of N165,000.00. And we were given an option to take that as a loan or input the actual amount. So, we did the latter, entered the amount (N165,000.00) and the prompt asked for her PIN and she entered it and was told she would wait for an SMS prompt.

I had a busy day so I was on my way out and she went back to her office and told me when she was done with her work, she needed permission to go to RenMoney, which I granted.

Roughly 1 hour 45 mins later (or thereabout), she told me she had been credited. I was really, I mean really surprised!
No documentation! Nothing. Like Wow!
She said she was still waiting in line at the RenMoney when she fiddled with her phone and just saw a transaction on the GTBank app showing her branch name and the full amount credited.

Much later, I got to know that other categories of customers could also benefit.
So, I believe it works. And kudos to GTBank and their 'thinking caps'.

Great lending principles keeps the financial institution afloat..

chizzasquare:
A lot of Nigerians do not know about GTBank's Quick Credit!

I use GTBank for my business but I saw this GTBank Quick Credit flyer (attached) in my mail some time ago.
So, yesterday, I tested this on one of my staff who needed a loan, whose salary account is in GTBank (all my staff salary is paid through GAPS).
She insisted on walking down to RenMoney because a Sales Lead had assured her she would access a loan and get it quickly after all the documentation. So before she left, I said to her, "try this first and if it does not work, you would at least have another option open." so she agreed.

Using *737*51*51# on her GTBank SMS Alert Mobile Number Line tied to her account, we got a prompt saying she was qualified for a loan of N384,265.00 but she only needed a loan of N165,000.00. And we were given an option to take that as a loan or input the actual amount. So, we did the latter, entered the amount (N165,000.00) and the prompt asked for her PIN and she entered it and was told she would wait for an SMS prompt.

I had a busy day so I was on my way out and she went back to her office and told me when she was done with her work, she needed permission to go to RenMoney, which I granted.

Roughly 1 hour 45 mins later (or thereabout), she told me she had been credited. I was really, I mean really surprised!
No documentation! Nothing. Like Wow!
She said she was still waiting in line at the RenMoney when she fiddled with her phone and just saw a transaction on the GTBank app showing her branch name and the full amount credited.

Much later, I got to know that other categories of customers could also benefit.
So, I believe it works. And kudos to GTBank and their 'thinking caps'.

only for salary earners

This app guide you on how to get any loan online without collateral within 5 minutes.

Install here: https://play.google.com/store/apps/details?id=com.ioumoney.pro

somehow:
only for salary earners

Wrong sir.
It is for every customer who is credit-worthy. It does not have to be for salary earners alone.
If you run a business and your income statement shows that you are credit-worthy, the bank will honor your loan.
It's as simple as that.

chizzasquare:
Wrong sir.
It is for every customer who is credit-worthy. It does not have to be for salary earners alone.
If you run a business and your income statement shows that you are credit-worthy, the bank will honor your loan.
It's as simple as that.

You must own a current account
must have a monthly flow of income into the current account.

For salary learners, the current account must have been running for 6 months
for business owners, must have been running for 1 year.

Before it was strictly for salary earners

chizzasquare:
Wrong sir.
It is for every customer who is credit-worthy. It does not have to be for salary earners alone.
If you run a business and your income statement shows that you are credit-worthy, the bank will honor your loan.
It's as simple as that.

It's for income earners. You can't get the loan if you don't have a consistent cash-flow. This makes it not useful for most Nigerians. The lenders do not want to take any risk.

ThothHermes:
It's for income earners. You can't get the loan if you don't have a consistent cash-flow. This makes it not useful for most Nigerians. The lenders do not want to take any risk.

somehow:
You must own a current account
must have a monthly flow of income into the current account.

For salary learners, the current account must have been running for 6 months
for business owners, must have been running for 1 year.

Before it was strictly for salary earners

No sir.
You are not current.

Two staff with Savings Account got the loan.
They didn't need to visit the bank.

I repeat Savings Account!
Maybe you are talking to the wrong person.

GTBank QuickCredit is a "system loan" facility, meaning, you do not have to interface with anyone.

When you dial the code, the system will evaluate the Account History of your Accounts and make the calculation on ANY account that is eligible, and produce a maximum eligibility figure you can access as loan.

If you are still hoping for a staff to put you through, then let me shock you, staff have NO ACCESS to how the loan is disbursed. That is why I said it's a SYSTEM LOAN.

Good morning.

ThothHermes:
It's for income earners. You can't get the loan if you don't have a consistent cash-flow. This makes it not useful for most Nigerians. The lenders do not want to take any risk.

And why would you want to take a loan when you have no cashflow? How will you pay back? Be realistic and listen to what you are saying.

If you have some creditworthiness, no matter how small, the system will still give you a capped figure, but it will inform you of how much you can access BASED ENTIRELY ON YOUR MONTHLY CASHFLOW.

chizzasquare:
And why would you want to take a loan when you have no cashflow? How will you pay back? Be realistic and listen to what you are saying

Emeka finished youth service two years ago and has been searching for a job without success. He has decided to go into the business of buying farm produce from the North where he served and selling in Lagos for profit. Problem is he has no capital. He needs at least 150k to commence on a small scale. Your apps have refused to give him money because he has no credit history. Are you saying he is not justified in wanting a loan?

If you have some creditworthiness, no matter how small, the system will still give you a capped figure, but it will inform you of how much you can access BASED ENTIRELY ON YOUR MONTHLY CASHFLOW.

Unemployment is rife in Nigeria, how do you expect people who need money to build a cashflow that will enable them to build creditworthiness?

chizzasquare:
No sir.
You are not current.

Two staff with Savings Account got the loan.
They didn't need to visit the bank.

I repeat Savings Account!
Maybe you are talking to the wrong person.

GTBank QuickCredit is a "system loan" facility, meaning, you do not have to interface with anyone.

When you dial the code, the system will evaluate the Account History of your Accounts and make the calculation on ANY account that is eligible, and produce a maximum eligibility figure you can access as loan.

If you are still hoping for a staff to put you through, then let me shock you, staff have NO ACCESS to how the loan is disbursed. That is why I said it's a SYSTEM LOAN.

Good morning.

Well I'm talking based on what customer care told me. At least 2 CC told me so

Been banking with them for more than 8yrs.

please how can I get a business startup loan of about 500k for a very good business. I'm not a salary earner and without a collateral.

ThothHermes:
Emeka finished youth service two years ago and has been searching for a job without success. He has decided to go into the business of buying farm produce from the North where he served and selling in Lagos for profit. Problem is he has no capital. He needs at least 150k to commence on a small scale. Your apps have refused to give him money because he has no credit history. Are you saying he is not justified in wanting a loan?

Unemployment is rife in Nigeria, how do you expect people who need money to build a cashflow that will enable them to build creditworthiness?

Tell Emeka to learn how to make money first.
Also, tell Emeka that, if he wants to start business he cannot go and take a loan when he has never made money in his life.

You don't just start a business.
You grow a business with your idea from scratch.
If his business cannot create value to make money (no matter how little), he cannot prove to any investor on earth or in heaven that he is credit-worthy.

So, you can see that loans are for "busy"-"ness" people, not idle people.

chizzasquare:
Tell Emeka to learn how to make money first.
Also, tell Emeka that, if he wants to start business he cannot go and take a loan when he has never made money in his life.

You don't just start a business.
You grow a business with your idea from scratch.
If his business cannot create value to make money (no matter how little), he cannot prove to any investor on earth or in heaven that he is credit-worthy.

So, you can see that loans are for "busy"-"ness" people, not idle people.

You are spectacularly ignorant. Can't deal.

ThothHermes:
You are spectacularly ignorant. Can't deal.

And you are beyond extremely rude to qualify for a loan. I don't blame those who couldn't have you employed. Keep looking! Dogs licking their sorry wounds of failing to succeed at the "simplest" things.