Loan in Minutes in Nigeria

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Loan in Minutes in Nigeria
Image Source: Fairmoney

How do I get a loan in minutes in Nigeria? Which loan platforms approve a loan application within minutes in this country? If you are looking for answers to one of these questions, we got your back. In this post, you will discover all the loan companies that approve applicants within minutes.

In today's world, with the advent of technology, you can apply for a loan online and get approved with minimal stress. All you need is to provide your BVN number and other necessary information. Note that, not all loan companies ask for your BVN. There are several loan apps that disburse cash without BVN.

Getting a loan in minutes is a cool way to settle or pay for urgent bills. We hope that after going through this post, you will discover some of the best platforms where you can get a loan in minutes in this country.

Requirements for Loan Application in Nigeria

To apply or take a loan in Nigeria, you will be asked to provide certain documents or information. Below are some of the requirements to meet as a borrower:

  • You must be a permanent or legal resident of Nigeria
  • You must have one of the valid ID cards with you
  • You must also have a valid bank account or mobile money to be able to receive your loan

Loan in Minutes in Nigeria

Following are some of the popular loan apps that disburse money in minutes:

1. Palmcredit

Palmcredit is undoubtedly one of the top loan apps in Nigeria with over 5 million downloads on Play Store. The app offers up to 300,000 naira within minutes. Another good thing about palmcredit loan app is that it does not require collateral.

Taking a loan from Palmcredit is easy. All you need is to download the app from Google play store, create your account, fill out the application form and submit. You can get up to N300,000 on Palmcredit.

2. Paylater

It is one of the popular loan apps in the country. Paylater loan is an easy-to-use and entirely online lending platform that provides short-term loans to both small-scale business and individuals in the country. Getting a loan from Paylater loan app is an easy thing. 

The platform is also available in countries such as Ghana, South Africa, Portugal, and United Kingdom. To get a loan from Paylater, download and install the app, create your account, enter your ID and continue to apply. Once your application is approved, your loan will be disbursed to your account within 10 minutes.

3. Okash Loan App 

Okash is a lending app where you can get a loan in minutes in Nigeria. Okash loan is provided by Blue Microfinance financial institution in the country. You can borrow up to 50,000 naira at a time. 

To borrow from Okash loan app, download and install the app from Google or Apple store. Create your account and enter the loan amount to get. Once you are approved, your loan will be deposited to your account within minutes.

4. Newcredit

Another online lending platform is the Newcredit loan app. It is considered one of the legit and less frustrating app to borrow money from. On Newcredit loan app, you can get up to 100,000 loan in minutes. 

5. QuickCheck loan

This platform has a reputation for using technology to predict the behavior of the borrower and examine loan applications immediately. QuickCheck currently has over a million downloads on Google Play Store.

6. FairMoney

Another popular loan app in Nigeria is FairMoney. The app has millions of users from the country. The platform claims to offer loans in less than 10 minutes. You do not need documentation or collateral to apply for a loan on FairMoney.

Individuals can borrow up to N1 million. Repayment period is usually between 60 days and 18 months. Download and register your account on FairMoney and start your loan application process.

7. Branch Loan

Branch loan, which is a lending app in Nigeria, has the reputation of being one of the most downloaded lending platform on Google Play Store. You can get a loan up to 500,000 Naira on Branch loan app. Repayment period is usually between 60 days and 12 months.

8. Carbon

Carbon lending platform is also a lending app that issues loans to individuals and small-scale businesses in the country. Aside loans, Carbon offers services such as savings, money transfer, investments, and credit scoring.

9. Umba

If you have scrolled to this point, it is possible you might have not yet found a loan app that offers loan in minutes in Nigeria. Well, you may consider downloading Umba loan app. You can apply for a loan on Umba platform using your smartphone or their website.

10. Ease Cash

Last on our list is Ease Cash loan app. It is one of the best loan apps that disburses loans in less than 10 minutes. The platform has a great review from people who have actually borrowed from it. However, it is essential you read the terms and conditions of Ease Cash before taking a loan from them.

Final Statement

In summary, some of the best loan apps that offer loan in minutes in Nigeria are Palmcredit, Branch loan, Carbon loan, Umba loan app, FairMoney loan, Okash loan app, QuickCheck loan app, and many others.

There are several other loan apps which offer loans in minutes in this country which we have not listed here. However , we hope you would be able to get a loan from these few provided here. We hope that after going through this you will be able to get your preferred loan in minutes.

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