Due to the high rate of unemployment in Nigeria, many Nigerians seek for ways to become self employed.
Finance has been the greatest limiting factor why most Nigerians can't start their own business and this is another problem on its own.
The federal government has taken up different measures such as giving loans and grants to enable Nigerians with finance to start up businesses since there are no jobs available.
The Nigerian government have created several loan programs through different initiatives to enable unemployed Nigerians get the financial aid in starting their businesses but these loans are always limited and a lot of people are not always able to get it.
In this post we will discuss about different money lenders that give out loans to Nigerians. The loans are disbursed in minutes after application and you do not need any collateral to apply for the loans.
Loans For Unemployed Nigerians
Below is the list of money lenders in Nigeria that provide loans to Nigerians.
YesCredit Loan
YesCredit makes it easy for you to access loans.
YesCredit makes it easy for you to access loans just when you need it. Sign up in a few seconds, apply for a loan, and receive your money into your wallet. You can transfer to your bank accounts immediately. It's a fast, convenient, and reliable way to fix your spending gap.
OKash Loan
OKash is a Convenient Personal Loan Platform for Nigeria mobile users. Presented by Blue Ridge Microfinance Bank Limited.
OKash fulfills customers’ financial needs 24 hours completely online.
The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the applicant’s bank account
Why You Should Use OKash
You can apply a loan by your credit. Don't need any deposits or guarantees.
Up to NGN500,000. Disburse to your bank account.
Paperless and digital process on your mobile. All the steps can be done online.
We do not share your data with any third parties without your consent. Your data is totally safe with us.
Don't worry about forgetting repayment. We'll send messages to remind you.
NowCash Loan
NowCash is an instant loan app that provides instant loans to Nigerians. Nigerians can apply for collateral free loans up to 300,000 naira and the loans will be disbursed to them in minutes.
CashRain Loan App
CashRain is one of the best new money lending app in Nigeria. They disburse payments into your bank account immediately you apply for a loan from them.
As long as you have all the requirements and a source of income then you don't have to worry because CashRain will give you a loan.
The CashRain App is a product that offers loans to users and we provide high-quality service to all Nigerian users.
Credit Loans
Credit Loans app is an instant loan app in Nigeria that lends money to Nigerians in urgent need of money.
Credit Loans like other loan apps have almost the same lending features.
What makes Credit Loans different:
You can apply a loan by your credit. Don't need any deposits or collateral.
Up to NGN100,000. Disburse to your bank account in a while
Paperless and digital process on your mobile. All the steps can be done online.
They do not share your data with any third parties without your consent. Your data is totally safe with them.
Don't worry about forgetting repayment. They will send messages to remind you.
EaseMoni Loan
With the EaseMoni loan app you can get a loan up to NGN1,000,000 disbursed to your bank account within minutes of application and without any collateral.
With EaseMoni loan app a minimum rate of 5% to 10%, APR60%-120%, your credit rating could help you save a lot.
No need any deposits or guarantees. Paperless and digital process on your mobile. All the steps can be done online.
EaseMoni do not share your data with any third parties without your consent. Your data is totally safe with them.
Don't worry about forgetting repayment. EaseMoni will send messages to remind you.
NodCredit Loan
NodCredit is an instant loan app that provides instant loans to Nigerians. They are efficient, reliable and distinct from other loan apps.
Get quick loans of upto N50,000 for first time borrowers. Lowest Interest.
NodCredit offers both employed and self-employed, business persons and corporates quick loans starting from N10,000 to N50,000 for first time borrowers. Returning customers can access upto 300,000.
Their Interest ranges from 1% – 16% per month. For multiple tenors accessible to returning customers we charge on reducing balance at lower interest.
FAST MONEY Loan
FAST MONEY is a quick an online Android mobile loan app, available in Nigeria. They give out instant loan to people in need of cash.
Fast Money loan app is quick, safe and trusted and you can get instant loan up to 300,000 naira.
MenaCred Loan
MenaCred exists to deliver credit with ease to Everyday People and Small Businesses.
At MenaCred, their different product variants are carefully thought through to meet customers at their current financial position.
For some, this means, No credit history! No problem!
MenaCred is focused in delivering financial access with ease to Everyday People and Small Businesses
CashLion Loan
CashLion is an instant loan provider. It provides instant loans and loans are disbursed within minutes after application
The interest rate is low and repayment is flexible.
CashLion is one of the best money lending apps.
LCredit Loan
LCredit loan app offers instant online loan anytime, anywhere.
Borrow money online with LCredit Loan app. Instant loan with a flexible repayment plan and favorable interest rate.
GetCash Loan
GetCash is an online instant money lender that provide instant loans to Nigerians.
Their interest rates are low and they have a very flexible repayment plans.
To get a loan from GetCash you have to be a Nigerian above the age of 22 with a source of income and good credit score.
Palmcredit Loan
Palmcredit is one of the best money lending app in Nigeria. They have been in Nigeria for a long time and they have been helping people get out of financial issues by offering them fast and instant loans.
It is very easy to get a loan from Palmcredit. All you will need to do is to apply for the loan when you sign up on the app.
Above are the loan providers for unemployed Nigerians. Register with them and get the loan you want. If you have any questions you can drop a comment
Updated on November 28