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10 Best Loans In Nigeria Without Collateral

A business idea can only be realized when there is the availability of capital but most great business ideas die untimely because of the lack of capital. Accessing loans from commercial banks and other money-lending financial institutions in Nigeria can be pretty difficult because of the demand for collateral and other documents the loan seeker might not be able to provide.

Loans are better alternative to meet financial obligations. It is the money borrowed to be paid back at a stipulated time with an agreed sum of interest. In time of financial distress, loans help greatly to serve as a cushion against a hard fall.

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If you’re in need of a loan to help solve an urgent financial problem or to expand your business, you don’t have to worry because you can now access loans without collateral and with little or no interest rates thanks to quick online loans.

You can access loans from different money lending platforms online without any documentation or collateral required and in less than 24 hours which is pretty amazing.

In this article, we are going to be looking at best loans in Nigeria you can easily access without collateral. You don’t have to be financially restless anymore as these quick loans would help you greatly.

10 Best Loans In Nigeria Without Collateral

The following are the best loans in Nigeria without collateral in no particular order:


Solve your financial problems with this quick loan platform. Medical bills, school fees payment and other cash problems can be a thing of the past with QuickCheck.

Small business owners and individuals can gain easy access to financial credit on this lending platform because it makes use of mobile technology.

This lending platform is easy to use, fast as well as secure and it grants you loan within 24hrs of application. It requires no documentation or collateral and interest can be paid for the number of days you take the loan at 1% daily.

You can borrow up to 30,000 naira with no hidden charges. For more information visit their website or download the app.

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Access quick loans on this loan platform with no collateral. Loans are sent quickly to your bank account in less than 2 minutes once applied for. The creditworthiness of the users are determined using the proprietary credit scoring algorithm.

To easily gain access to loan on this lending platform requires your name and employer ID number. Download the app today and sign up to be able to access loans at anytime and anywhere.


This online lending platform provides small business owners and individuals access to short-term loans for urgent financial needs. It is secure and reliable and works 24/7. It grant users loans from 1,500 naira to 1,000,000 naira and loans can be repaid within 60days to 60 months. It requires no collateral or documents and there are no hidden charges or late fees attached.

The beauty about this lending platform is that you can earn an interest of 16% when you invest in their investment plan. Rewards are also given when loans are repaid on time, friends are referred or transactions are executed. You get rewarded in the form of larger loans, free cash and lower interest rates. To access loan on this platform requires an android device, data connection and a valid bank account. Interest rate differs after the first loan.

To get more information visit their website or download the app. Website:https://getcarbon.co


Small business owners and individuals can access short-term and long-term loans on this online lending platform. You can use the loan gotten from this platform for personal purpose such as home renovations, land purchase, rent, car purchase,funiture and appliances, medical expenses, education, business opportunities, etc.

It requires no collateral and it is fast and reliable. They charge for late repayment of loans and you can borrow as high as 10,000 naira and as low as 3,000 naira with varied repayment time.

Requirements: Your official names, email address, phone number to determine your creditworthiness and verify your identity in other to get quick access to the loan.



Get access to loans of up to 5 million in one transaction with in 5 minutes on this online lending platform. It requires no paperwork, collateral or office visit and it is regarded as one of the fastest lending platform in Nigeria.

Solve your urgent personal and business needs with this lending platform. Anyone can access loan on this platform irrespective of bank and occupation. It has different packages and each packages attracts different interest rates and loan offer.



This online lending platform is available in Nigeria, Kenya, Tanzania and Mexico. Individuals and small business owners can easily access loans on this platform and can borrow as low as 1000 naira and as high as 20,000 naira.

Loans can be repaid within a period of 62days to 280 days and interest rate ranges from 15% to 34%. It does not require any documentation or collateral and loans applied for are immediately deposited in your bank account once approved.

Website: https://branch.com.ng or download the app.


Zedvance gives individuals and small business owners access to loans without collateral. You can access loans of up to 5 million with loan duration of up to 18 months. Loans are quickly sent directly to your bank account within a short duration of time once approved.

Loan packages available on this lending platform include Zedvance Payroll, Zedvance Nano and Zedvance for Business and the interest rates is 7.5%.

Website: https://zedvance.com


Businesses can easily get access to finance with Lydia.co. it offers small and medium sized businesses with loans that are unsecured ranging from $500 to $15,000. Get loans within 48hrs after application and it does not require any paperwork or collateral.



Smedan is an initiative backed up by the government to provide small business owners with quick and easy business loans. They also provide training and support for business owners to assist them in running their business. This loan platform requires no paper work or collateral and it helps promote entrepreneurship in Nigeria by providing small business owners with capital to start up a business.


Loans that can be accessed on this platform is up to 4 million and you can receive it in less than 24 hours. You don’t have to provide any collateral or documentation to access loans on this platform.

Earn 17% per annum with their investment solutions and it is secure, fast and reliable.

Website: https://renmoney.com


Loans are very important in times of financial distress and with the list of loans compiled in this article, you can easily get access to loans without collateral.


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Cynthia Victor

Cynthia Victor is a Content Developer at InfoGuideNIgeria.com. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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