10 Website You Can Get Loan Easily Without Collateral

A loan is a financial tool that helps both companies and individuals to meet their financial obligations. However, most lenders often require a form of collateral to serve as collateral before granting the loan to guarantee repayments.

Not all people in Nigeria have what they can offer as collateral to access a loan. This is why unsecured loans are very important. Fortunately, today, business owners and individuals can apply for fast online loans without having to put their assets as collateral.

The lack of capital is one of the main problems of doing business in Nigeria. With the new fast and easy online financing options, lenders evaluate the credit capacity and ability to pay within a stipulated time frame and can approve a loan amount based on that evaluation.

In this post, we talked about the top 10 websites in Nigeria that offer quick loans to small businesses and unsecured individuals in Nigeria.

1. Branch

Branch facilitates people access to loans at any time and in any place. Registration is usually in seconds, convenient and reliable. Branch is available in Kenya, Tanzania, Nigeria and Mexico. You can get up to Ksh 70,000, Tsh 1M, ₦ 150,000 or 20,000 pesos.


2. Paylater

Paylater To begin, you only need to create your account, request in seconds, receive your loan directly on your mobile money or in your bank account and set your loan limit every time you pay a loan. Like others, you do not need paperwork, collateral or office visits, you use your money the way you want it: for home or business, no late fees or transfer fees and get access to larger loans, fees lower and flexible payment terms as you pay

is an effortless and entirely online lending platform that provides short-term loans to individuals and small businesses in Nigeria to help cover unexpected expenses or urgent cash needs.

With Paylater, you’ll access up to five hundred Naira loan with no collateral. Once your application is approved, funds square measure generally received among one-three business days. Making on-time repayments will grant you access to higher credit limits for your next loan.

3. C24

C24 is a microfinance institution that was created with the sole real mission to enable people to partner with nursing services to realize the opportunities that surround them, helping them to get cash loans when they have them. need.
C24 includes the requirement for fast money loans as well as the need for a shorter loan time interval. Their online loan method has been optimized to help candidates avoid the tensions associated with alternative loan companies.

4. Kia Kia

KiaKia is a digital money lender for Nigerian companies and businesses. KiaKia uses psychometrics, large data, machine learning and digital forensics for its proprietary credit rating and credit risk rating algorithm to provide direct and similar personal and professional loans to millions of individuals, businesses and SMEs without credit information.
The name KiaKia is gotten from a Nigerian language which means "Fast Fast". According to them, the solution is very simple and fast, but very effective and efficient.


5. Lydia

Lidya is an online platform that offers businesses access to financing. The platform offers unsecured loans to small and medium-sized businesses ranging from $500 to $15,000. According to the founders, Lidya uses technology and algorithms to assess the risk before the loan is granted, which allows them to offer financial products to these clients at a lower cost.


6. Palmcredit

PalmCredit is a virtual credit card that makes it easy to access a loan, anytime, anywhere. Palmcredit offers loans of up to ₦100,000 in minutes on your mobile phone.
Getting a mobile loan is easy with PalmCredit. Ask for your credit limit in minutes, then take as many instant loans as you want without any other approval process. It's a credit revolution!
As soon as you pay, your credit score is updated. Pay off on time and watch your limit reach ₦100,000.
Download the Palmcredit app for instant, flexible loans at affordable rates

7. QuickCheck

QuickCheck is a modern lending platform for individuals and small businesses. QuickCheck uses mobile technology to allow individuals and small businesses to access financial credits.
According to the platform, users can access quick and uncomplicated loans of up to 30,000 Naira without any guarantee for a period of 15 or 30 days.
You can get the QuickCheck application in Google Playstore.

8. Aella Credit

Aella Credit builds platforms to facilitate access to finance for individuals in Africa. Primarily focused on lending and employee empowerment, the company was affiliated with three credit service agencies in Nigeria to provide its clients with fast, affordable paperless loans.
Aella Credit uses an exclusive credit rating algorithm to determine the creditworthiness of its users. The algorithm, built after five years of analysis and market data, treats the eligibility of an applicant for a loan taking into account social and demographic factors as well as its debt ratio.
Download Aella Credit App on Google Playstore now to get started.

9. FairMoney

FairMoney offers short-term loans to cover urgent needs, bills, business and more. They give access to loans anytime and anywhere with our loan application within 5 minutes.
FairMoney packages include a personal loan, an education loan, a commercial loan and more. With the effective use of technology, they are able to provide a fast and efficient loan application to all our valued customers.

10. Fast Credit

Fast Credit offers loans to micro, small and medium businesses to support their growth. Loans are guaranteed by guarantors and have a maximum duration of 6 months for business owners who meet the criteria.
In addition to business loans, they also offer quick and easy "multi-purpose" cash loans to employees of companies such as banks, TELCOs, insurance companies / other financial institutions, consumer products, employees in the pharmaceutical, aerospace, oil and gas industries, etc. to ensure they meet the needs of their consumers.