How to get a loan in Nigeria with less interest


To Get a loan in Nigeria Less stress paying it back can be easy if you know how and when to find one of these companies or organizations that have this money available to you.

Today, financial technology companies are making it easy to get loans in Nigeria. With the new system they have successfully set up to provide easy access to credit in Nigeria.

These Lending Industrial offers fast, cheap and easy loans with no collateral.

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Platform to get loans in Nigeria from

Let us have a look at these lending platforms in Nigeria that can help you apply for loans in Nigeria.

  • Credit Ella
  • Sadvance
  • Rain money
  • payer
  • kwikmoney (mine)
  • Rosabon Finance Express Loan
  • Smedan
  • page finance
  • Fin Loan

Credit Ella

Aella Credit helps employees get loans between 1,500 and 700,000 and has an interest rate of around 4% – 29%, depending on the amount you want to borrow.

Aella Credit is currently available in Ghana, Nigeria and the Philippines.

One good thing about Aella Credit is that you don’t need too many documents. With your Andriod phone, you can easily access this credit.

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What are the requirements to apply for a loan with Awela Credit?

  • Platform: Mobile App
  • Requirements: BVN
  • Interest rate: 4 – 29%
  • Recharge: No
  • Loan term: 1 to 2 months
  • Repayment method: Direct debit from bank account


With Zedvance Limited, you can borrow up to 3 Million Naira in less than 24 hours with less stress and paperwork.

This fintech company It is a consumer finance company responsible for providing consumer loans to the general public.

For Zedvance, interest rates largely depend on your ability to negotiate and the level of risk involved with your loan. It is intended for salaried earners in the country.

Zedvance Limited’s quick cash loans interest ranges from 4.0% to 4.5% and the loan amount largely depends on your net payment.

For example; A loan worth N70,000 for 4 months will attract a total repayment of N82,456.

Ren money

Ren money provides over 200,000 loans to individuals and small businesses in Nigeria. The total value of this loan can be estimated at more than ₦50 billion.

Ren money personal loans and small business loans are designed to conveniently meet your financial needs. So whether you are working or running your own business. You can get a loan up to ₦6,000,000.

Example of how Ren money works

Loan Amount: ₦2,000,000 Borrowed for 12 Months Interest Rate: 35.76% Total Payment Amount: ₦2,715,200
Maximum Annual Percentage Rate (APR): 35.76% no other fees Loan term: 3 – 24 months.


This FINTECH company is a fast online lending platform that offers short-term loans without collateral for urgent needs and expenses.

You can access loans ranging from N500,000 to N1 million at interest rates that vary between 5 and 12.6% with Pay later. Loans are determined by the risk involved and your through-cash activity. BVN.

Example of how Pay later works

You apply for a loan of N70,000, the system automatically generates N68,500 (meaning some expenses of about N2,000 are incurred). The system also freezes the interest rate at 12% per month for a four-month repayment plan of N25, 345 per month

This means you will return N101,380 to Pay later in April 2020 to get a loan of N70,000 in January 2020.

What are the requirements for applying for a loan with Pay Later?

  • Platform: Mobile App
  • Interest rate: 12 – 15% (depending on risk level)
  • Repayment method: Direct debit from bank account
  • Loan term: 3 to 12 months
  • Requirements: BVN, passport photo and address.
  • Recharge: No

Quick money

With quick money you can easily access fast, fast and low interest loans. You can get a loan of up to N15,000 at an interest rate of 15% for 15 days (half a month) on quick money.

To apply for a loan in Nigeria You might want to know that quick money offers internet, app and USSD loan options. They also cooperate with banks. Mobile network service providers and a technology company on a mission to make personal banking services convenient and accessible to all Nigerians.

What are the requirements for applying for a loan with quick money(Mines)??

  • Repayment method: Direct debit from bank account
  • Platform: USSD, Mobile App
  • BVN
  • Loan interest rate: 15%
  • Loan term: 1 month
  • Recharge: No

Rosabon Finance Express Loan

Please note that Rosabon Finance Express Loan. You can get a loan of N70,000 at an interest rate of 4 to 6% per month.

Rosabon Finance’s Quick Loan is one of the fastest and easiest ways to access personal loans in Nigeria without collateral.

What are the requirements to apply for a loan with Rosabon Finance Quick Loan??

Some of the requirements to get a quick cash loan from Rosabon Finance include:

  • Be in paid employment between 21 and 58 years old
  • Have a salary account
  • Have a pension account or tax identification number
  • Have valid identity proof
  • And finally, the most recent utility bill.

Fin Loan

FINT Loan operates in a unique way. This organization matches lenders. (individuals who want to borrow) with creditworthy borrowers To get competitive returns and attractive interest rates.

FINT interest rates range between 3% – 5% per month, depending on the borrower’s risk score.

Fin Loan It also offers express loans with interest rates based on risk scores. Using numerical expressions based on analysis of individual data level and net salary.

FINT charges borrowers two fees that form a single payment. The first payment is a confirmation payment of 3,000 Naira and the second is called a closing fee of 8%. The closing fee must be paid before the fully funded loan can be disbursed. In addition, a transfer fee (1.8% + NGN100) is passed on to the borrower.

You can visit FINT’s official website to apply for a loan instantly.


Smedan g Supported by the central government An initiative that provides quick and easy business loans to Nigerian SMEs in need of financial assistance. One of the main missions of the organization is to promote entrepreneurship among Nigerians and also provide capital to start businesses.

The initiative also provides business owners with hands-on training and support to help them run their businesses.

Get a loan in Nigeria with Page Financials

This organization is an innovative microfinance institution that offers various personal loans and fast salary advance loans. To meet the financial needs of customers

It takes six steps to apply for a loan with the Finance page. The first one is to enter your BVN details.

For loans, Page Financials offers a daily rate of 0.5%, which is generated through the issuance of a debit card, also known as Pledge Finance.

Borrowers can access quick loans of up to 5 million naira in less than 3 hours.

The Pledge Finance debit card is also pre-loaded up to N500,000, depending on your monthly net income. Page Financials also charges a one-time fee of N1,500 for the card with a three-year validity.

In summary

To get a loan in Nigeria You can visit the official website of the money lending company to access the loan. Please note that the information provided here may not be all you need to know about how to apply for a quick cash loan in Nigeria.

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