loans

Top Websites That Gives Fast Loans Without Collateral In Nigeria

Lack of funds is one of the biggest problems of doing business in Nigeria. With new fast and easy online support options, lenders assess creditworthiness and repayment over a period of time and may approve loan rates based on those assessments.

Not every individual in Nigeria has what they can tender as collateral to access a loan. This is why loans without collateral are very important. Fortunately today, business owners and individuals can apply for quick online loans without putting up their assets as collateral.

In this post, we talked about the top websites in Nigeria that offer fast loans to small businesses and individuals without collateral in Nigeria.

1. LYDIA.INFO

LYDIA.INFO

Lidya is an online platform that provides businesses access to finance. The platform offers small and medium-sized businesses with unsecured loans of between $500 and $15,000.

According to the founders, “Lidya uses technology and algorithms to assess the risk before granting the loans, it allows them to offer financial products to these customers at a low cost.”

2. ZEDVANCE

Zedvance is a consumer finance company committed to providing consumer credit to individuals. You can borrow up to 3 Million Naira in less than 24 hours.

The company specifically provides loans to salary earners but if you are a salary with a side business, you can pick up the deal to finance your business use.

3. SMEDAN

SMEDAN

SMEDAN is a government-backed initiative to offer quick and easy business loans to Nigerian SME businesses in need of financing. The core mission of the organization is to promote entrepreneurship among Nigerians and also provide capital to start the business.

Aside from funding, SMEDAN also provides business owners with hands-on training and support to help them run their business. If you would like to apply, click here to access their online application portal.

4. CARBON

CARBON

Carbon is an easy and entirely online lending platform that provides short-term loans to individuals and small businesses in Nigeria to help cover unexpected expenses or urgent cash needs.

With Carbon, you can access up to 500,000 Naira loan with no collateral. Once your application is approved, funds are typically received within 1 – 3 business days. Making on-time repayments can grant you access to higher credit limits for your next loan.

5. SPECTA

Specta is an online lending platform that gives you loans of up to 5 Million in one transaction all within 5 minutes! No collateral, no paperwork and no visit to any office. With Specta, you can take care of urgent personal and business needs anywhere, anytime.

Specta has 2 loan products, MySpecta which offers individual loan services and Specta4Business which provides quick and accessible loan for corporates and business owners.

 

 

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