Top 10 Instant Cash Loan In Nigeria
How To Get Personal and Business Loan Online In 5 Minutes
Getting quick loans in Nigeria isn't something new this day, now that finance technology has evolved greatly across Africa.
There are several reasons why we apply for personal loans or business loans. Whatever reason why one must apply for a short-term loan, here at Infotanus, we have reviewed top and effective loan apps in Nigerian that approves fast loans in less than 24 hours. Most loan companies approve within five (5) minutes upon applications.
So if you are interested in applying for fast loans in Nigeria, I have researched and approved ten (10) different loan service apps in Nigeria. They all give loans without collateral. Generally, lending sources require the following;
General Requirements For Loan Application In Nigeria
- BVN (Bank Verification Number)
- Means of Identification (a) NIN (National Identification Number) (b) International Passport (c) Drivers Licences (d) or any other means of identification as required by the borrowing institution
- Profile Photos
- Phone Numbers
- Active Nigerian Bank Accounts
- No collateral
Once you can provide the following aforementioned requirements above, applying for quick personal loans in Nigeria is guaranteed.
However there may be limitations in getting instant approval and disbursement of loans, and these may be termed as factors affecting quick approval and they include;
Factors Affecting Instant Loan Approval In Nigeria
- Too many loan requests within a given time-frame
- Incorrect BVN details provided
- A bad credit score is determined by credit bureaus
- Unsupported document types
- Incorrect means of Identification
- GPS services turned off from applicable mobile
- Irregularities in repayment terms
If you are a first-time applicant there is a greater chance of you getting an instant approval, thus, guaranteeing you an immediate loan upon request.
List Of Verified Loan Apps In Nigeria
This is among the pioneers of online money lenders in Nigeria. They believe access to credit and quality financial services is a human right. Whose mission is to empower all people with the financial access they need to pursue a life of dignity and prosperity.
Carbon empowers individuals with access to credit, simple payments solutions, high-yield investment opportunities, and easy-to-use tools for personal financial management. Carbon is headquartered in Lagos, Nigeria. It is a global company of over 90 employees with operations in Nigeria, Ghana, and Kenya.
- Branch
When you talk about leaders in the loan finance sectors Branch stands out, not only known for their robust services but highest instant online loan approval rate.
Through explicit permission from customers, Branch analyzes smartphone data to determine loan eligibility. The branch loan App is programmed with machine learning algorithms to process thousands of data points to create personalized loan options in split seconds.
So, if you are looking for a good lending source, I recommend a Branch loan.
- LionCash - Instant Loans To Your Bank Account
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Personally, I have used this app and I was thrilled by the fast response with just my BVN and account number they disbursed my first loan immediately without further verification.
Basically, I was still on the app, then I got an approval text message with my registered number, before I could even exit the app to read my text, they immediately sent another message informing me that my cash advance has been disbursed to my registered account. All this happened in about 5 minutes, although the first loan is a small amount.
This is a great start to something big. I highly recommend this Lion Cash loan App.
- Cycle Cash
I just downloaded the app from Google Play Store, I applied for this loan, initially had problems with verifying my guarantor, but later a representative called me and also called my guarantor (the number of the said person I registered as a relative) and asked just a simple question and Viola! I got my first loan from them immediately.
- Quickteller
Quickteller is a payment solution that serves around 8,000 billers within and outside Nigeria but is limited to the Western world. Quickteller is powered by Interswitch, an Africa-oriented technology-driven company focused on payments.
This online payments app also allows users to apply for quick personal loans guaranteed instantly. You can click on the link below to apply for a Quickteller loan.
I have detailed concise information on the best lending source at my disposal. Be sure to click on the link below each funding source to know more, read reviews before applying for quick loans online.
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