Getting a loan these days has become easier with online loan companies. There are several loan platforms where you can get a loan worth 50,000 and pay later. However, you may be asked to present your BVN and other necessary documents before you are given a loan.
Requirements for Getting a Loan in Nigeria
To apply for a loan in Nigeria, you will need to meet the following requirements:
- You must have a mobile money or bank account registered on your name
- You must possess a valid ID such as NIN, BVN, or Passport
- Applicant must also be a resident of Nigeria
Note that, some loan apps may request you to present payslip or bank account statement before you are approved.
Loan Apps to Get a Loan of 50,000 Naira from
If you need a loan of 50,000 naira, you may consider the following apps:
1. Paylater Loan App
Paylater Loan is considered one of the best and popular loan apps in Nigeria. The loan app is easy-to-use and entirely online lending platform that provides short-term loans to both small-scale businesses and individuals in Nigeria.
Paylater Loan app is available in countries such as Portugal, United Kingdom, Nigeria, South Africa, and Ghana. The platform has a great review from users all over Nigeria. You can download the app and follow all the steps to apply for your loan.
2. Carbon Loan App
With Carbon loan, you can borrow as high as 50,000 naira. Applying for Carbon loan is simple: no guarantors or collateral or long forms. It also has a very low interest rate. Download the app or visit the site to download and install the app.
3. Palmcredit Loan App
If you need a loan of 50,000 naira, you may consider Palmcredit loan app. You can borrow as much as NGN300,000. Palmcredit loan repayment period is usually between 91 to 365 days. One good thing about the app is that it has a favorable interest rate.
4. Mpaso Loan App
Mpaso is one of the best loan apps in Nigeria. It is commonly referred to as one of the top 20 loan apps in Nigeria. You can borrow over 50,000 naira on this loan platform. To apply for mpaso loan, download and install the app from Google play store, register with your details, accept the terms and conditions, and continue to apply.
5. Branch Loan App
Another popular loan app in this country is the Branch loan. It is a loan platform where you can access quick loan in the country. Branch loan has over 1 million users in this country. It is also located in India, Kenya, Tanzania, and Mexico.
6. Easy Credit Loan
Easy credit loan app gives over 50,000 to borrowers. You can access easy credit loan at the comfort of your home. It has a great review from users all over the country. Download and install the app from Google play store to start your application.
7. Okash Loan
You can get a loan of up to 50,000 naira on Okash platform. Your loan application will be processed in minutes. It also has a fast approval services. Visit the website or Google play store to download and install Okash loan app.
8. QuickCheck Loan
QuickCheck loan app provides instant loan services to individuals or group of people in the country. The platform has low interest rate making it more user-friendly. The objective of QuickCheck loan company is to offer digital financial services to help borrowers get closer to your personal and business goal.
9. Umba Loan App
Another app you can get a loan of 50,000 naira is the Umba loan app. The app make it possible for borrowers to pay their bills inside the app or withdraw to their bank account. Borrowers can borrow up to 89,000 naira.
10. KiaKia
KiaKia is a loan platform that provides direct personal loans at flexible rate to borrowers. It is considered one of the most legit loan apps to get a loan of 50,000 naira or more in Nigeria.
FAQs
Here are some frequently asked questions about loan apps in Nigeria:
I need a loan of 50,000 naira, how do I get one?
There are several platforms to get your desired amount of loan from. You can download and install any of the above loam apps to access your loan.
What do I need to apply for a loan in Nigeria?
In Nigeria, most borrowers are required to submit their mobile money number, identity card, bank account statement, and other necessary information.
Final Statement
We hope that we have answered your question—I need a loan of 50,000 naira in Nigeria. If you have any other questions related to borrowing money in this country, you can drop your question in the comments section.
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