24hrs loan in Nigeria: Emergency online 24hrs loan instant Loan

24hrs loan in Nigeria: Emergency online 24hrs loan| Get instant Loan now

Online financial platforms have been on the massive increase. Thanks to this new platform; getting loans has been made easy – instant – with no collateral.

When you exhaust all your options of getting funds and you require extra funds to expand or start up a business without stress, without a queue, then the new booming online loan platforms are your best option.

However, complaints have been coming in about the process required to retrieve a loan from the bank.

These small interest loans have been a marvelous alternative, especially in this era bank hardly give out loan. The recent inflation in the economy, the hiking of fuel prices, and some government policy have made this loan handy. The most fantastic aspect about them

Getting the loan doesn’t require your status, your job, or any attestor. All that is required is for you to pay back the loan when agreed.

Requested and getting loans in Nigeria has been made simple and beneficial with these new evolving digital technologies. However, this new age has brought some competition to other financial services institutions.

Below are some of the best platforms for getting easy loans. Keep in mind that this catalog has been written in order of preeminence and acceptability by the general public but not in any particular ranking.

In this article, their repayment term will also be addressed. No hidden charges apply to these platforms however a good credit score might be required by some of the platforms.

Loan Apps in Nigeria

The following are apps/platforms where you can get instant access to loans.

1. Renmoney

Renmoney is one of the best leading Microfinance banks in Lagos Nigeria. In Nigeria, Renmoney is reputable for giving loans up to N4 million without collateral or attestor to Nigerians with little repayment interest.

The organization is managed by Keiran Donnelly, a seasoned banker who is the acting CEO. he resumed office in August 2019 and has over 30 years of world banking and customer service experience.

This brand has given over 200,000 loans worldwide both to Small and Medium-Sized Enterprises (SMEs) and startup entrepreneurs in the country.

To apply for a loan from Renmoney you need to have a reputable income statement and an account in any Microfinance bank.

The minimum amount is 50,000. The long term loan is between 1 to 12 months and the repayment can happen within two months or over the year depending on your payment option.

Individuals with need for small personal loans have been able to rely on Renmoney.

2. Carbon

Carbon is a leading platform which was formerly known as PayLater is managed by Chijioke Dozie, who is also the co-Founder and CEO of OneFi.

This platform is one of the leading digital financial institute in Nigeria. This loan app offer faster loans to clients, however your Bank Verification Number (BVN) will be required to determine your loan worth.

The pride of this platform is that ; it has over 40 employees and offers loans not only in Nigeria but also in South Africa, United Kingdom, Ghana and Portugal.

Getting loans from Carbon do not require collateral and loans gradually decrease after each repayment.

To repay your loan all you do is login the app and use the required card to pay. The interest rate ranges from 5 percent to 15 percent depending on the amount and on the duration of the loan.

Carbon is accessible both with apps and online with either on Android or iOS. It also offers other services such as buying airtime, money transaction, and paying bills.


3. Branch

Branch is an online international leading platform that offers services to its clients without tedious documentation. These services are available in Nigeria, India, Kenya, Tanzania, United States and Mexico.Branch loan app

The platform has offered over 350 million dollars worth of loans since its initiation. Other than giving loans, they also offer services to support banks such as Access bank, UBA, GT bank, Heritage bank and many others.

This Fintech involves many noteworthy investors such as VISA and the International Finance Corporation (IFC).

branches offer loans to individuals worldwide with little or no savings or credit history but your phone data is required to access this loan.

You can access loans up to N200,000 within 24 hours and repayment can be done within 40 weeks. Interest rate depends on the amount borrowed which is 13 to 30 percent.

4. Aella Credit

Aella Credit is an online leading platform that offers loans in Nigeria, Ghana, and Philippines with a good record of offering loans to small businesses and individuals.

Since the establishment of the Fintech company, it has offered loans over 300,000 times. The leading platform is supported by reputable investors such as YCombinator, Vy Capital, Friale and many others.

These loans are given with no guarantor or collateral. Their interest rates are very fair with no charges for late payment.

Repayment on time attracts a reward of cheaper rates on next loans, and you can get up to 700, 000 with a flexible interest rate between 4 percent to 29 percent with a tenor period of 30 to 60 days depending on your loan amount monthly.

Women seem to benefit most from this Fintech with its act of supporting women and their businesses, this has resulted in the ratio of 45 percent female clients. They also partner with other ruling companies in giving loans to their employees.

5. FairMoney

FairMoney is an online platform established by Laurin Haney, Matthieu Gendreau, and Nicolas Berthozat is a licensed online Fintech that offers quick loans and bill payments to its clients.

This Fintech was founded in Nigeria in 2017 and has disbursed more than 6.5 million loan applications with over 1.3 million users. The company has assisted many businesses including individual start-ups with branches in Asia and India.

Other personal services rendered by this Fintech include shopping, paying bills, and family dependencies. Loans up to 500,000 can be granted with a flexible payback rate of 30 to 260 percent annually.

All these advantages are offered without a guarantor or collateral and do not require tedious documentation. Its new updated app allows customs with a good load payback history to enjoy flexible interest rates.

The app requires a Bank Verification Number (BVN) and an account to access this loan.
Other features set to be developed in the nearest future include a digital wallet and saving account.

6. Migo, formerly Kwikmoney

Migo is a lending company formerly known as Kwikmoney or Kwikcash, which was founded as a partner company between banks mobile networks, and telecommunication companies in Nigeria with the aim of helping Nigerian.

This Fintech grants loans to Nigerians without collateral or guarantor and excessive documentation. Migo is one of the fastest online lending companies that offer loans in less than 60 seconds.

This is done through the app or online web or app code *561# the same way you buy airtime.

Applying for a loan on this Fintech will require Bank Verification Number (BVN) and your account number and an account with some commercial banks such as UBA, First Bank, GT bank, and many others.

You can request up to N500, 000 loans if you have a good credit score- offering flexible loan interest of 10 percent to 25 percent with a tenor system of 14 to 30 days.

Repaying the loan is easily done by using *561# code with the instructions or using the Migo repayment portal.

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You can also repay your loan using an ATM card or in cash to any partnering bank. Note that late payment will attract an interest rollover which increases your interest with additional 5% late charges.

You can also extend your tenor period by using the code *561# incase of financial discrepancies.

7. Lidya

Lidya is a lending platform notable for granting loans to small and medium-sized businesses spare heading in the markets.

Founded in November 2016 by Ercin Eksin and Tunde Kehinde with the aim of closing the $2.6 trillion SME large margin in the market.

This Fintech can offer loans to businesses looking for grants from $500 up to $50, 000 and this will be granted within 24 hours.

Other than offering loans, Lydia is also notable as a digital partner with Small and Medium-sized businesses.

This Fintech provides digital accounts which enable business users to create a list of their various customer data.

It also gives space for creating an invoice for your company profile to send to customers at the same time minimizing your cost, attracting customers, and securing their payments.

To access a loan from Lidya, you will require a good credit score with no collateral or guarantor and no excessive documentation.

You can also acquire a POS easily with very few procedures. This POS will allow them to accept payments effortlessly, pay fewer transaction charges, access more capital, and get more preferable services from Lidya.

A further investigation on Lidya is the exclusive Lidya Smart Card which enhances your Lydia account credit score giving more head over other clients on competitive charges on product and services and rewards.

8. Kiakia

KiaKia is a moneylender that gives simple personal loans at adjustable rates and also pairs borrowers with lenders or at both agreed percentages.

This Fintech is supported by Sterling bank Plc, giving Sterling bank customers an easy way of accessing the loan. You can get loans from N10,000 and N200,000 for a tenure of 7 days to 30 days.

Accountable borrowers who have a good financial repayment record, maybe trusted with an extension over a duration of time and will be granted the privilege to access higher amounts with more flexible interest rates.

Kirkia is the best online leading platform to run to when looking for an unsecured personal rate.

9. Social Lender

Social Lender is a Fintech platform backed by micro-finance which operates based on your social status using your mobile, online and social media platforms.

This platform is initiated with the purpose of connecting the fund to people with limited access to loans. Social Lender uses its own algorithm software to conduct a social investigation of the client on social media, online, and other related platforms and awards a Social Reputation Score to its client.

Micro-credit gives users more opportunities instead of utilizing your bank statement, they make use of your social reputation to grant you loans from banks.

This Fintech platform has over 100,000 recorded users within a 4 percent interval. Registered users can withdraw money using their bank account or mobile money agent.

Social Lender is backed by the Royal Academy of Engineering who won the Africa Prize for Engineering Innovation 2021.

10. QuickCheck

QuickCheck is a famous loan platform in Nigeria that lends without collateral or guarantor to Nigerians. QuickCheck loan is paid through their mobile app which can be downloaded, installed, registered as a user, and applied for a loan. The loan app has been utilized by over 100, 000 with testimonies about this Fintech.

You can apply for loan anything of the day or anywhere with some simple steps. This Fintech is protected by PCIDSS regulations. They are equable when it comes to instant loans without much documentation, no collateral, or a guarantor.

The loans are granted using the registered bank account almost immediately after submitting the request. Note that for the first request, the maximum granted amount is 10,000.

The Fintech aims at the initiation of being a short term loan which can be paid back after a few days. This platform is best for students or individuals looking for a small loan to keep up with expenses.

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This loan can be accessed using your BVN food security and verification purposes. The loan is granted through the registered bank account.

11. C24 Loan

C24 is an online moneylender that grants retail loans for consumers in need of immediate financial care. The loan ranges from 40,000 to a new user up to 750,000 while to a customer up to 1000000. This is done based on social reputation and verified bank statements.

C24 offers loans regardless of whatever financial limitations you may be encountering, they provide loans to pay bills. This is done within a few minutes which is fast and also with flexible rates.

Loans from C24 are developed to be short-term loans used to fix things for you over the next payday. It is best for anyone seeking a small personal consumer loan, students, and individuals that won’t be considered by the bank for loans. This Fintech aims at granting loans to over 150,000 customers with a credit facility of over 5 billion.

It’s advisable to use the loan calculated before requesting any loan. All you can do is input the loan amount and move over some time and the calculator will automatically calculate your monthly interest rate and your repayment plan.

12. Fint Loan

Flint is an online tech leading platform that links individuals or cooperates looking for loans to leaders ready to provide the loans.

They also gave authorized business looking for credit loans and at simpacting Africa.

This Fintech provides small loans as low as 2 percent to care for immediate needs such as your rent, medical bills, utilities, school fees for yourself and your co-workers. You can access this loan by registering your company or yourself on the FINT employment website.

13. Specta Loan

Specta loan is an online lending platform that provides users with emergency loans. This Fintech offers 3 different lian packages depending your choice

  • MySpecta – for accessing quick loans of up to NGN 5m in 5 minutes
  • SpectaScore – for checking your credit standing and forecasting your net worth.
  • Specta4Business – for accessing large business loans.

14. Jumia Loan

This is another quick and easy lending platform founded by Jumia to offer loans to customers. You can access loans using the JumiaPay app on Android.

All that is requested like any other leading platform is some detailed use in registration such as BVN, full name and others.

15. Opay Loan

Opay online lending service known as Okash enables you to easily apply for a loan. It is aimed at offering loans to financially broke individuals.

The loans are granted within 15 seconds if approved and can be accessed within 5 minutes- 24 hours a day and 7 days a week. The app is only available on Android, you’ll receive a maximum of 10,000 on your first request.

Their loans are backed in partnership with Blue Ridge Microfinance bank. There are many means of repaying your loan.

You can do it via direct debit, or you can pay or transfer to the Blue Ridge Microfinance Bank Ltd. Bank Name :Zenith Bank Plc. Account No:1130085518. Your BVN, full name and registered phone number will be required to fill out the form.

Opay is founded by the notable internet star Opera, it also renders other services such as payment, commercial transportation services, TV subscription, Ofood and shopping deliveries, and others.


These are among other channels you can borrow money from online without submitting any collateral or guarantor. Fintech platforms are taking over when it comes to awarding loans when it comes to immediate needs.

You can also access money with platforms like Quickteller Loan, Page Financials, and Palmcredit Loan. They have continued to upgrade and update their software and services to reach the customer’s request at a particular time.

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