10 Best Emergency Loans in Nigeria, Interest Rates, Requirements

Do you need quick relief funds? If yes, get it here;

10 Best Emergency Loans in Nigeria, Interest Rates, Requirements. Good news to all loan seekers as there is now an easier and suitable way of obtaining loans without having to go through the rigorous process associated with commercial banks and other money-lending financial institutions when it comes to application and approval of loans.

A loan is money borrowed with an agreed sum of interest to be paid back at a stipulated period of time. It is very essential as it helps in times of financial distress.

Emergency or quick loans are what all loan seekers need as there is no documentation or collateral required and it comes with little or no interest rate.

If you are in need of a loan to finance that business or meet up with your financial obligation then you don’t have to be worried anymore as there are an emergency or quick online loan platforms which ensures that you have access to loans without any form of hassle.

It is no longer news that the economic situation of Nigeria is unfavorable and as such the supply of money is at a minimal rate.

The need for a loan arises when there is an urgent financial problem to be settled or a good business idea to be put into gear and what better option is available than that of quick loans which give you the loan in 24 hours and with a low-interest rate in which other money lending institutions wouldn’t offer.

Have you ever been in a situation where you urgently need money to fulfill a pressing financial obligation or solve a financial problem but you have to wait till the end of the month before you can collect your salary which by the way would not be enough due to a lot of debts incurred and emergency loan my friend is what you need to save the day.

Having access to quick loans is what is needed to meet the demand for money which include the transactions motive, precautionary motive, and speculative motive.

With access to quick loans, you can meet up with your day-to-day transactions such as feeding which is very important, payment of rent, transportation fee, electricity bill, etc. before you collect your salary at the end of the month.

You can also meet up with unforeseen circumstances or contingencies or unexpected expenditures which is tied to precautionary motive and with quick loans, you cannot be caught unaware.

In Nigeria, major loan seekers are small scale business owners who need loans to expand their business and with access to quick loans, it is possible to get started immediately on putting more into your business without waiting for a long period of time.

Without any further delay, let me get to the nitty-gritty of this article which is the 10 best emergency online loan in Nigeria.

Read Also: 10 Best Loan App in Nigeria; Their Features, Benefits

10 Best Emergency Loan In Nigeria

Below are the 10 best emergency loan platforms available in Nigeria in no particular order.


This instant loan platform provides short-term loans for urgent needs.

It gives you complete control over your finances.

It is currently available in Nigeria and Ghana.

It is fast, secure and reliable and works 24/7.

Requirements :a Android device, data connection and a valid bank account.

Credit limit: #1, 500 – #1, 000,000

Interest rate: 5% monthly on the first loan.

After the first loan, other loans would attract an interest rate of 2 – 30%

Loan duration: 60days to 6months.

Loans granted within minutes.

Loans granted within minutes.

It requires no documents or collateral.

You can earn a interest of 16% by investing in their investment plan.

You can pay bills for all your favorite services such as GOTV, DSTV, Bet9ja.

You can also transfer money to friends and families.

Loan application on this online platform is open to students, salary earners or self employed people as well as civil servants.

No hidden charges or late fees.

Rewards are given if loans are repaid on time, transactions are executed or friends are referred.

Rewards are in the form of larger loans, lower interest rates and free cash.

Email address:

Phone contact: 01-460 995, 01-631 1215




This is yet another beneficial emergency loan platform in Nigeria that makes life easy and comfortable for you.

It makes use of mobile technology to enable individuals and small business owners to gain access to financial credit.

You don’t need to stress yourself thinking of medical bills, payment of school fees or any other unexpected cash problems.

Quickcheck grants you loan within 24hrs of application.

It also gives you the opportunity of buying airtime for yourself and loved ones in a seamless manner.

It is secure, fast, and easy to use. You can borrow up to 30,000 naira with no hidden charges.

Interest can be paid for the number of days you take the loan at 1% daily.

For more information you can check out their website:

Read Also: How to Start a Payday Loan Business


This is an online lending platform that gives you access to loans of up to 5 million in one transaction within the duration of five minutes.

It is one of the fastest lending platform in Nigeria.

It does not require collateral, paperwork and office visit.

This platform ensures that your urgent personal and business needs are taken care of.

It is opened to everyone irrespective of occupation and bank.

It has different packages to choose from such as SpectaXtreme, SpectaBasic, SpectaPrime, SpectaAllowance and Specta Quick Cash.

Each packages attracts different interest rates and loan offer and it is open to everyone.

For more information on how to obtain loan from this lending platform, visit Website:


Phone contact: 08170852820, 08170852815.



This instant loan platform is available in four countries which includes Kenya, Tanzania, Nigeria and Mexico.

It makes it easy for you to access loans and you can borrow up to 200,000 naira and even as less as 1000 naira.

Repayment period: 62days to 280days.

Interest rates:15% to 34%

APR: 33% to 261%

It does not require collateral or any other documents.

Just visit the website and register and your loan would be immediately deposited in your bank account.

You can visit their website for more information

Website: or download the app.


Read Also: 11 Online Loans in Nigeria and their Requirements


This quick loan platform provides short-term or long-term loans.

It requires no collateral and loans can be used for personal purposes such as rent, home renovations, land purchase, car purchase, medical expenses, furniture and appliances, business opportunities, education amongst others.

Short-term credit limit:#3000 with a repayment period of one to six months.

Long-term credit limit:#3000 to #10, 000 with a repayment time of one to six years.

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

They charge for late repayment of loans.

For more information and enquiries visit Website:



This loan platform which is by 9mobile does not require any collateral or documentation.

Requires a 9mobile line and a valid bank details.

To access loan dial *561#

Loan accessed on this platform is up to #500, 000 which you can receive in 3 minutes.

Interest rates: 10 to 20%.

Loan duration : 14days

It attracts a network fee of #20 per loan.

No collateral or paperwork needed.

Repayment of loan: through debit card

Read Also: 11 Places To Get Online Loans Without Collateral in Nigeria


This is another loan platform and app that grants instant loans with no collateral.

It enables employees to borrow at competitive & fair rates through their employers.

Loans can be accessed at anytime and anywhere.

Loans can be accessed at anytime and anywhere.

It uses a proprietary credit scoring algorithm to determine the creditworthiness of the users.

Requirements: Your name, employer ID number.

You can obtain loan on this app when you sign up and follow the necessary steps.

Loans applied for are quickly sent to your bank account in less than 2 minutes. for more information or download the app.



This is a web based instant loan platform that gives you access to loans without collateral.

You can apply for up to 5 million naira with loan tenors of up to 18 months.

Interest rates: 7.5%

Loans applied for on this platform are sent directly to your bank account in minutes once approved.

To be able get to get loan on this platform, you have to adhere strictly to the following steps; -Create an account by registering through the website or download their money pal app.

-Apply for a loan by selecting a loan package that fits your needs.

-Answer a little question by give a little information by yourself.

-Once your application has been approved, you would get your credit alert in less than 10 minutes.

The loan packages available on this lending platform includes; Zedvance Nano, Zedvance Payroll and Zedvance for Business.

For more information and enquiry,


Office location: 177A, Ligali Ayorinde Street, Victoria Island, Lagos.

Phone contact: 0700 100 1000


Read Also: How to Get Instant Loan in Nigeria


This is another instant mobile loan app that provides short-term loans in Nigeria to help cover unexpected expenses or urgent cash needs.

No collateral is required.

Loan applied for are sent straight to your bank account once approved.

It uses the data on your phone including your SMS history to verify your identity and create a credit score.

Duration: 2 to 6 months/ 91 – 180 days.

Interest rates: 4.5% to 34%.

APR: 29% – 365%.

Loans offered on this loan app ranges from #5, 000 – #100, 000.

No paperwork, mortgage or office access required.

Loans is available to people between the ages of 25 to 50.

To be granted a loan on this platform, you need to have a fixed-job.


To get a loan on this app, you have to create an account, apply for the loan, receive loan straight into your bank account.

You can increase your loan limit each time you repay your loan.

For more information,


Office location: Plot 7, Acme Rd, Agidingbi Ikeja, Nigeria.




It is another quick loan platform that requires simple steps before the loan you want is granted to you.

It offers cash loans for salary earners and business owners to meet urgent needs ranging from school fees, rent, business expansion, etc.

Loan amount: #100, 000 – #4,000,000

You just have to fill in the application form, submit the loan amount you need and wait for approval in which you would be contacted by one their agent and once everything is settled, your loan would be paid directly to your bank account within 36 hours. Interest rates:5% to 8%

Loan duration :12 months

Repayment of loans: direct debit, online payment or funds transfer.


Phone number: 011 886 1487

Office location: Suit 254, Level 6, Randburg Square, JHB.



It is so amazing to know that now loans can be accessed online with just your mobile device or PC and within minutes of application, your loan is sent directly to your bank account. I hope this article has been able to give you the information you seek and most importantly answer your nagging thought on where to get emergency loan in Nigeria.

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Cynthia Victor

Cynthia Victor is a Content Developer at 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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