Websites to get loans online without collateral in Nigeria

These are websites to get loans online without collateral in Nigeria that allows individuals and businesses to meet their financial obligations.

A loan is a financial instrument that allows individuals and businesses to meet their financial obligations. To ensure the repayment of the loan, lenders will often ask for collateral.

Nigerians may not all have the collateral they need to get a loan. Loans without collateral are therefore very important. Today, both individuals and business owners can access websites to get loans online without collateral in Nigeria

Websites to get loans online without collateral
Websites to get loans online without collateral

One of the biggest problems in doing business in Nigeria is lack of capital. Lenders can now quickly and easily fund online. They will evaluate your creditworthiness and ability pay back within a specified time period and approve a loan amount based on this assessment.

This post will discuss the top 10 Nigerian Websites to get loans online without collateral


GroFin offers small and medium enterprise (SME) financing/business loans in Africa and the Middle East. GroFin is the best option if you have investable funds and are looking to grow your business.

GroFin allows businesses to access loans up to US$100,000. If your business meets the requirements, you can submit an online request.


SMEDAN is last on the list. This government-backed initiative offers quick and easy loans to Nigerian SME businesses that are in dire need of financing. Its core mission is to encourage entrepreneurship in Nigeria and provide capital for the start of businesses.

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SMEDAN provides business owners with training and support as well as financial assistance. Click here to visit their online submission portal.


Lidya provides online financing for businesses. This platform provides small and medium-sized companies with unsecured loans between $500 and $15,000

The founders claim that Lidya uses technology to determine the risk of loans before they are granted. This allows them to offer low-cost financial products to such customers.


Aella credit creates platforms that make financing easier for Africans. The company is primarily focused on employee empowerment and credit bureau affiliations in Nigeria. This allows it to offer quick, affordable loans to customers with minimal paperwork.

Aella Credit uses its own credit scoring algorithm to assess creditworthiness. After analyzing five years worth of market data, the algorithm determines whether an applicant is eligible for a loan. It takes into account social and demographic factors, as well as their debt-to-income ratio.


ZEDVANCE is a consumer financing company that provides credit to consumers. In less than 24 hours, you can get up to 3 million Naira.

Although the company only lends to salaried workers, it also offers loans for side-business owners.


provides short-term loans online to small businesses and individuals in Nigeria for unexpected expenses and urgent cash needs.

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Paylater allows you to get a loan up to 500,000 Naira without any collateral. Once your application has been approved, you will usually receive funds within 1 to 3 business days. You may be eligible for higher credit limits if you make timely repayments.


KiaKia is a digital cash lender for Nigerian companies. KiaKia uses big-data, psychometry and digital forensics to create its credit scoring algorithm and credit risk assessment algorithm. It provides direct loans for personal and business purposes to millions of people and small businesses.

Name KiaKia is derived from the Nigerian language “Fast Fast”, They claim that the solution is simple, fast, and highly efficient.


Formerly One Credit, OneFi was a credit company that provides short-term consumer loans for credit-worthy people with limited financial access.

The repayment period for One-Fi loans is usually between 3 and 6 months. Loan amounts up to N200,000 are also accepted.

9. C24

C24 Limited is microfinance institution. It was created with the sole purpose of helping people access cash loans whenever they need them.

C24 understands that quick cash loans are needed and requires a faster loan processing time. C24’s online loan process was optimized to reduce stress and avoid other loan companies.


QuickCheck provides a modern lending platform to individuals and small businesses. QuickCheck makes it easy for individuals and small businesses alike to access financial credit via mobile technology.

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The platform allows users to access loans fast and without collateral up to 30,000 Naira for either 15 or 30-day periods.


The online lending platform Specta allows you to get loans up to 5 million in just 5 minutes. There is no collateral, paperwork or need to visit any office. Specta allows you to take care of your business and personal urgent needs from anywhere.

Specta offers two loan products: MySpecta, which offers individual loan services, and Specta4Business, which provides fast and easy loans for business owners and corporates.


FastCredit provides business loans to small, medium and micro enterprises in order to help them grow their businesses. For business owners who meet the criteria, the loans can be backed by guarantors for a maximum term of six months.

They offer business loans as well as quick and easy ‘all-purpose cash loans to employees of corporations such banks, TELCOs and Insurance/other financial institutions.

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