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Where you’ll get collateral-free individual loans online in Nigeria

Where you’ll get collateral-free individual loans online in Nigeria

Accessing unsecured loans has had a various measurement with a couple of providers supplying collateral-free loans without the necessity a evidence of employment if not a check out to a banking hallway for many documents.

The payment duration of these ranges from fourteen days to six months, with respect to the providers. The utmost amount one could access initially is based on the supplied information, and asked for funds are moved nearly instantly.

Here are a few of the providers of these unsecured loans in no specific other.

  • Needs: Valid bank details and BVN
  • Platform: Android
  • Interest: 5% to 30per cent, according to credit score
  • Loan tenure: 15 times to half a year
  • Numerous loans at time: No
  • Repayment stations: Debit Card, Quickteller and transfer that is direct

To gain access to unsecured loans from Paylater, all that’s necessary is definitely an Android os unit, information connection and legitimate bank details. Paylater claims that users that repay on-time gain access to a greater credit limitations. There was a validation fee of ? 100 in the initial loan.

KwikCash by 9mobile

  • Needs: a number that is mobile legitimate bank details
  • Platform: USSD (*561#), internet
  • Rate of interest: 10 – 20%
  • Loan tenure: week or two
  • Numerous loans at time: No
  • Repayment networks: ATM, debit card, USSD and transfer/deposit that is direct

The whole means of borrowing starts and finishes with *561#, for a 9mobile line. The solution is just available to other companies through the net platform. Read More…