Where And How To Get Loans Online In Nigeria
Today we are going to tell you how to get loans online in Nigeria.
You can now get loans the easy way online without doing any extra curricula activities.We’ll be sharing with you how you can access personal loans online without the need of visiting the bank for any paper work. Repayment period ranges from 6 months depending on the providers.

Where to Get Personal Loans Online

PayLater: You’ve probably heard of Paylater before as discussed here. All you need to access loans on Paylater is an Android smartphone, Valid Bank details and data connection
  • Requirements: Valid bank details and BVN
  • Platform: Android
  • Interest rate: 5% to 30%, depending on credit rating
  • Loan tenure: 15 days to 6 months
  • Multiple loans at a time: No
  • Repayment channels: Debit Card, Quickteller and direct transfer
KiaKia makes use of a chatbot that takes you through the process of registration and other activities towards getting your personal loans.
  • Requirements: Work ID card, valid bank details
  • Platform: Web
  • Interest rate: 5.6% – 24%
  • Loan tenure: 7 to 30 days
  • Multiple loans at a time: No
  • Repayment channel: Debit card, direct deposit
FINT is more of a marketplace that matches lenders with creditworthy borrowers. The minimum amount of personal loans given out is ₦60,000 and the interest rate is based on borrower’s risk score.
  • Requirements: Valid bank details, valid ID card, and bank statements
  • Platform: Web
  • Interest rate: 9% – 39%
  • Loan tenure: 2 – 12 months
  • Multiple loans at a time: No
  • Repayment channel: Debit card, direct deposit
KwiKCash by 9mobile
KwikCash is a mobile loan solution, that allow you to access loans of up to N100, 000 just by dialing *561# with your 9mobile line and get credited in minutes.
  • Requirements: A 9mobile line and valid bank details
  • Platform: USSD (*561#)
  • Interest rate: 10 – 20%
  • Loan tenure: 14 days
  • Multiple loans at a time: No
  • Repayment channels: ATM, debit card and direct transfer/deposit
Steps to Get Loan With KwikCash
  • Step 1: Dial *561#
  • Step 2: Follow the USSD menu to ‘’Request Loan’’
  • Step 3: Select preferred loan offer
  • Step 4: Select bank and input your 10-digit NUBAN
  • Step 5: Confirm repayment amount and accept terms and
How Can I Pay Back?
  • Step 1: Dial *561#
  • step 2: Follow the USSD menu to ‘’Pay Loan’’
  • step 3: Select preferred payment option
  • step 4: Follow the instructions accordingly
  • step 5: Repayment is immediately processed
Sharp Sharp by Credit Direct
Sharp Sharp provides personal loans to both salary earners and entrepreneurs. Loan tenure can be up to 12 months. It also offers loans to young salaried employees in the private sector as well as those on their national youth service year.
  • Requirements: No guarantor, physical documents, personal bank details
  • Platform: Web
  • Interest rate: 3.4% monthly
  • Loan tenure: One month and beyond
  • Multiple loans at a time: No
  • Repayment channel: Direct debit
On Zedvance, loan tenure can be up to 12 months with interest rate which can be as low as 7.5%.
  • Requirements: Valid bank details
  • Platform: Web
  • Interest rate: 7.5% to 58%
  • Loan Tenure: 1 to 12 months
  • Multiple loans at a time: No
  • Repayment channel: Cheques, direct debit/deposit
Getting a loan on this platform requires that you have a source of income with options to choose if you are a student, unemployed or retired as you employment status.
  • Requirements: Facebook account, valid and active phone number, bank details and source of income
  • Platform: Android
  • Interest Rate: 1% daily
  • Loan tenure: 5 to 30 days
  • Multiple loans at a time: No
  • Repayment channel: Debit Card, Direct Deposit
Branch is available in Kenya, Nigeria, Mexico and Tanzania. You’ll be required to register with your Facebook Account or Phone number. The app makes use of your contacts, GPS and sms log and call logs. It is very easy to set up.
  • Requirements: Facebook Account/Phone number, BVN and bank details
  • Platform: Android
  • Interest Rate: 15-21%
  • Loan tenure: 4 – 64 weeks
  • Multiple loan at a time: No
  • Repayment Channel: Debit Card, Direct deposit or mobile banking app
Whenever you need a loan don’t worry so much, use any of the platform’s above to apply for loans online in Nigeria.

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