Checkout These 12 Online Money Lending Platforms That Will Give You Loans Fast Here In Nigeria

Cash needs don’t always announce their coming beforehand; sometimes,
they plough into our lives, disrupt our daily routines, tug at our
wallets, and pound mercilessly at the doors of our bank accounts. And
not too often, we are unable to deal with them, because we are

Thanks to technology, we can now deal with such situations speedily.
Long trips to banking halls, tedious loan application processes and
jaw-dropping requirements for loan disbursement can all be sidestepped.
Online lending platforms are making it easier for individuals and
businesses to apply for and get loans quickly. What’s more, many of
these lenders don’t even request for collateral
(surely a borrower’s dream). Applications can be made online, and the
whole process, up until the transfer of loans to the borrower’s account
runs through without a visit to a physical bank.

If you’re looking for quick loans on favourable terms, you should check out these online lending platforms.

Aella Credit
Workers, whose companies are registered with Aella can obtain loans
from this platform. They simply need to download the Aella Credit app,
log in with their employee ID and password, fill in the amount they want
to borrow, and click ‘apply.’ Loans granted will be repaid over several
months via payroll deduction

This lender gives collateral-free loans to people, who have been
employed for at least 6 months, and have a functional salary bank
account. Loan applicants submit a number of documents at the agency’s
outlets (these required documents are listed on the website), and have
their applications assessed. Loans are granted within 24 hours of the
documents being submitted, if applicants are deemed to be qualified to
receive them.


As a private lending institution, Creditville targets “individuals
with paid employment and SMEs in Nigeria.” Its loans are
collateral-free, low interest and small business friendly. Loans of up
to ₦2 million can be applied for and obtained from this lender for
salary advance and business purposes.

CS Advance
Persons in paid employment can seek loans from CS Advance. This
platform offers loans of between ₦100,000 and ₦1.5 million to people
aged between 22 and 55, who earn above ₦100,000 monthly. There’s a loan
calculator at CS Advance’s website, with which potential borrowers can
easily calculate what loan options are available to them, based on their
ability to repay.


You can borrow loans of between ₦60,000 and ₦2 million via this
platform; again, there’s no collateral requirement here. Interest rates
could be as low as 2%. All you’re expected to do is undergo FINT’s Risk
Assessment to determine the loan range you’re eligible for, choose a
loan term (6, 12 or 18 months), and upload the required documents.
Following verification, you’ll be required to pay a commitment fee of
8%, after which your bank account will be credited with the loan amount.


Kiakia aims to force down interest rates, charged to borrowers for
unsecured loans. It’s working to achieve this through its online system,
colloquially named ‘Mr. K’. Mr. K, an Artificial Intelligence Direct
and Peer to Peer lending virtual agent, uses machine learning to
evaluate the creditworthiness of potential borrowers and makes funding
available to individuals and Sms.

Kudi Money

Kudi Money helps its users save money automatically, and grants them
interest yields of up to 17%. But it also helps its registered members
with short-term loans at an interest rate of 2% per annum. Persons with
higher savings rate have a greater chance of securing a loan from Kudi.
In order to access these savings and lending services, you’ll need to
sign up with your email and link your ATM (Debit) card to your Kudi
Money account.


Lidya thrives on turning “every invoice into a revenue opportunity.”
To get a loan from Lidya, small business merchants create an online
account (this takes just a few minutes), and use the platform’s invoice
creation tools to create an invoice and issue it to their customers. A
loan will then be provided within 48 hours. Lidya’s loans are typically
used by businesses to finance their working capital.


Through its machine learning algorithms, PayConnect
is able to examine borrowers’ credit records and determine what sort of
loans, if any, they qualify for. The PayConnect app assesses SMS and
email notifications of financial transactions carried out by its user,
and informs the user what loan amount he or she can get, based on the
evaluation carried out by the system. Approved loans are disbursed to
the user’s e-wallet at his or her request; the amount can be withdrawn
from any ATM or transferred to bank accounts.


You can apply for loans and get a decision on your application in a
matter of minutes. Loans of up to ₦1 million can be gotten from
PayLater’s mobile lending system, and interest rates charged could be as
low as 5%. To access loans, download the PayLater app via Google Play
Store, open the app and sign up, and complete the loan application form.
As soon as the loan is approved, the money is disbursed to the
applicant within five minutes.

Snap Credit

Employees can request loans from Snap Credit using any internet
enabled device. Loans granted can be repaid as monthly deductions from
employees’ salary. As is the case with any properly functioning online
lender, Snap promises a speedy verification process leading to prompt
delivery of loans to qualified applicants’ bank accounts.


Zedvance gives loans of up to N3 million to borrowers, within 24
hours. Apart from granting regular cash loans to individuals and groups,
it also finances travel. Its online loan calculator can be used by
intending borrowers to ascertain what loan amounts they can reasonably
request for, in view of their ability to repay the loans, before the
passing of specific deadlines.

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