Loans

There are over 100 micro finance banks in Lagos. This is because of the importance of Micro finance banks to the economy of Lagos and Nigeria in general.

Today, I’ll be sharing details of micro finance banks in Lagos, where they are located and how they operate.  Before, then let’s briefly define micro finance banks and their economic importance.

What is a Micro Finance Bank?

A micro finance bank is a financial institution that is registered under license by the Central Bank of Nigeria (CBN) to provide business events such as employment generation, domestic funds, entrepreneurship development as well as offering loans, savings and other financial services that are needed for small scale business owners and farmers.

Economic Importance of Micro Finance Banks in Lagos

There are several importance of micro finance banks in Lagos or elsewhere in Nigeria. They play a role in eliminating poverty in the society.

Some of their roles are listed below

Creating Employment Opportunities:

Microfinance banks gives loans to small scale entrepreneur who are willing and ready to grow their business. By so doing, it creates room for employing more workers with the primary aim of expanding the business.

After accessing loan, business owners strive to grow their business as well as pay off debts. In trying to grow the business, they will employ more workers and thus engage more work force on existing workers to meet their aim.

Providing Loans:

The primary reason for micro finance banks is to provide loans for small business owners and individuals who are ready to invest the money.

In order for a requested loan to be successful, an individual or business owner must have met all the requirements of the bank.

Getting loan from a microfinance bank is much easier than a commercial bank.  In other words, Micro finance banks in Lagos provide quick money for small scale business men and women

Poverty Elimination:

Microfinance banks aids in the elimination of poverty from the society. As one of the primary purpose of the microfinance banks is providing as many employment opportunities as possible.

Doing so will go a long way to curb poverty in the society. You might be wandering how. They do so by supplying loans to individuals and small business owners who are willing and ready to establish their business.

When the business owners and individuals have successfully established their business, it will create room for employment and for empowerment.

Having known the importance of micro finance banks in Lagos and Nigeria in general, below is the list of all micro finance banks in Lagos

 List of Microfinance Banks in Lagos and their respective address

1. AB Microfinance Bank Limited: Located at No. 9 Oba Akran Avenue, Ikeja Lagos State.
2.  Accion Microfinance Bank Limited: Located at 4th Floor, Elizade Plaza, 322A, Ikorodu Road, Beside LASU Mini Campus, Anthony, Lagos.
3.  Acuity Microfinance Bank Limited:  Located at 167, Adeniji Adele Road, Lagos.
4. Addosser Microfinance Bank Limited:  Located at 32, Lewis Street, Lagos Island, Lagos State.
5. Aguda Titun Microfinance Bank Limited: This microfinance bank is located at 21, Shonola Street, Aguda Titun, Ogba, Lagos State.
6. Al-Barakah Microfinance Bank Limited: This microfinance bank is located at 1, Thanni Olodo Street, Jibowu-Yaba, Lagos State.
7. Altitude Microfinance Bank Limited: This microfinance bank is located at Zone B, Block 14 Extension, Aspamda, Lagos State.
8. Amegy Microfinance Bank Limited: This microfinance bank is located at 1, Paul Odulaja crescent, Ifako Gbadaga, Lagos.
9. Asha Microfinance Bank Limited: This microfinance bank is located at 11, Boyade Oluwole Street, Off Awolowo Way, Ikeja, Lagos State.
10. Assets Microfinance Bank Limited: This microfinance bank is located at 4 Apata Street, Somolu, Lagos State.
11. Asset Matrix Microfinance Bank Limited: This microfinance bank is located at 68 Herbert Macaulay Way, Ebute-Metta, Lagos.
12. ASZA Microfinance Bank Limited: This microfinance bank is located at Osolo way, Aswani, Isolo, LagosNiger(Isolo Local Council Development Premises).
13. C. KASH Microfinance Bank Limited: This microfinance is located at No. 119, Ikorodu Road, Onipanu, Lagos.
14. Baines Credit Microfinance Bank Limited: This microfinance bank is located at 199, Igbosere Road, Lagos Island, Lagos.
15. Bancorp Microfinance Bank Limited: This microfinance bank is located at Idemili House (BBA), Int’l Trade Fair Complex Badagry Expressway,Lagos.
16. Berachah Microfinance Bank Limited: This microfinance bank is located at 5A Adekunle Banjo Street, Ketu, Lagos State.
17. Bishop Gate Microfinance Bank Limited: This microfinance bank is located at 39 Agege Motor Road, Moshalashi, Mushin,Lagos State.
18. Blue Intercontinental Microfinance Bank Limited: This microfinance bank is located at Herbert Macaulay Way, Ebutte Metta, Lagos.
19. Blue Ridge Microfinance Bank Limited: This microfinance bank is located at 84, Abule Nla Road,Ebutte Metta, Lagos State.
20. Berachah Microfinance Bank Limited: This microfinance bank is located at 5A Adekunle Banjo Street, Ketu, Lagos State.
21. Bethesda Microfinance Bank Limited: This microfinance bank is located at Maanah Plaza, 1^st floor, 19 Araromi Street, Off Berkley Street, Lagos Island.
22. Billionaire Blue Bricks Microfinance Bank Limited: This microfinance bank is located at Aperin House, Block 1, Plot 27, Budo Layout Ajiwe, Lekki Epe Expressway, Ajah, Lekki, Lagos.
23. BishopGate Microfinance Bank Limited: This microfinance bank is located at 39 Agege Motor Road, Moshalashi, Mushin, Lagos.
24. Biztrust Microfinance Bank Limited: This microfinance bank is located at 107B Allen Avenue, Ikeja.
25. BOCTRUST Microfinance Bank Limited: This microfinance bank is located at No. 32, Lawson Street, Off Moloney Street, Lagos Island, Lagos.
26. BOI Microfinance Bank Limited: This microfinance bank is located at 23 Marina Lagos.
27. Boig Microfinance Bank Limited: This microfinance bank is located at 33 Idumagbo Avenue, Lagos Island, Lagos state.
28. Bosak Microfinance Bank Limited: This microfinance bank is located at Plot 8 Cocoa Industries Road, Ogba Ikeja, Lagos.
29. Bowen Microfinance Bank Limited: This microfinance bank is located at Baptist Academy Compound, Obanikoro, Ikorodu Road, Lagos state.
30. Bowman Microfinance Bank Limited: This microfinance bank is located at 1 Bode Onifade Street, Ewu-Tuntun, Oshodi-Isolo. L.G.A, Lagos State.
31. Bonded Microfinance Bank Limited: This microfinance bank is located at 246, Itire roafd, Pako Bust stop, Lawanson, Lagos.
32. Bridgeway Microfinance Bank Limited: This microfinance bank is located at 49a, Lafiaji Way, Dolphin Estate, Ikoyi, Lagos.
33. Brivth Microfinance Bank Limited: This microfinance bank is located at Plot 19, Water Corporation Road, off Ligali Ayorinde, Victoria Island, Lagos state.
34. Broadview Microfinance Bank Limited: This microfinance bank is located at 52 Odunlami Street, Lagos island.
35. Capstone Microfinance Bank Limited: This microfinance bank is located at 187 Igbosere Road, Lagos.
36. Cardinal Rock Microfinance Bank Limited: This microfinance bank is located at 83, Iju road, Ifako Ijaiye, Lagos state.
37. Cash Cow Microfinance bank Limited: This microfinance bank is located at 180 186A Igbosere Road, Lagos island.
38. Cedar Microfinance Bank Limited: This microfinance bank is located at 180 186A Igbosere Road, Lagos island.
39. CEMCS Microfinance Bank Limited: This microfinance bank is located at No. 6 Udeco Medical Road, off Chevron Drive, Lagos state.
40. Chanelle Microfinance Bank Limited: This microfinance bank is located at 78, Nnamdi Azikiwe street, Lagos island.
41. Chase Microfinance Bank Limited: This microfinance bank is located at suite 46, Dolphin Plaza, Dolphin Estate, Osbome Road, Ikoyi, Lagos state.
42. CIT Microfinance Bank Limited: This microfinance bank is located at 22, Berkely street, off king George V Road, Onikan, Lagos.
43. Citadel Microfinance Bank Limited: This microfinance bank is located at 1 Abbi Avenue, Badagry Expressway, Orile-Iganmu, Lagos.
44. Coconut Avenue Microfinance Bank Limited: This microfinance bank is located at 3 Tex Olawale Crescent, Coconut Bus Stop, Apapa Lagos.
45. Conpro Microfinance Bank Limited: This microfinance bank is located at Blk 116-123 Ikota Shopping Complex, Victoria Garden City, Lekki, Lagos.
46. Coral Microfinance Bank Limited: This microfinance bank is located at 82 Isheri Road, Before Grammar School Bus Stop, Omole Phase 1, Ojodu-Berger Lagos State.
47. Corestep Microfinance Bank Limited: This microfinance bank is located at 22/24 Ago Palace Way, Okota, Lagos State.
48. Cowries Microfinance Bank Limited: This microfinance bank is located at House 6, Second Avenue, Festac Town, Lagos State.
49. Credit Express Microfinance Bank Limited: This microfinance bank is located at 27, Kakawa Street, Lagos Island.
50. Credit Plus Microfinance Bank Limited: This microfinance bank is located at 176 Herbert Macaulay Way, Adekunle Yaba, Lagos State.
51. Crossover Microfinance Bank Limited: This microfinance bank is located at 63b, Raymond Njoku Street, South-West Ikoyi, Lagos State.
52. Crowned Eagle Microfinance Bank Limited: This microfinance bank is located at 132, Isawo Road, Owutu, Ikorodu Lagos State.
53. Davodani Microfinance Bank Limited: This microfinance bank is located at Jolaade House, 28, Ogudu Road, Ojota, Lagos, Lagos.
54. Daylight Microfinance Bank Limited: This microfinance bank is located at NO. 23A, ADEYEMI LAWSON STREET, IKOYI, FALOMO, LAGOS STATE.
55. Desmonarchy Microfinance Bank Limited: This microfinance bank is located at 633 Lagos Abeokuta Expressway, Abule Taylor Bus Stop, Abule Egba, Lagos
56. Echo Microfinance Bank Limited: This microfinance bank is located at 57/59 Isawo Road, Owutu, Ikorodu, Lagos.
57. Elim Microfinance Bank Limited: This microfinance bank is located at 394 Muritala Mohammed Way, Yaba, Lagos.
58. Green Energy Microfinance Bank Limited: This microfinance bank is located at Plot 1673 Oyin Jolayemi Street, Victoria-Island, Lagos State.
59. GTI Microfinance Bank Limited: This microfinance bank is located at C/O GTI Capital Limited, Lagos.
60. Halmond Microfinance Bank Limited: This microfinance bank is located at Suites 139/46, Ikota Shopping Complex, VGC, Ajah, Lagos.
61. Headway Microfinance Bank Limited: This microfinance bank is located at NO. 1, ATUNWA STREET, OFF TOYIN STREET, IKEJA, LAGOS.
62. High Street Microfinance Bank Limited: This microfinance bank is located at 1, Okesalu Street, Ikotun, Lagos State.
63. Hybrid Microfinance Bank Limited: This microfinance bank is located at 65 Tokunbo Street, Lagos Island, Lagos
64. Ikorodu Division Microfinance Bank Limited: This microfinance bank is located at 102, Sagamu Road, Ikorodu, Lagos State
65. Infinity Microfinance Bank Limited: This microfinance bank is located at 580, IKORODU ROAD, KOSOFE, MILE 12, P.O. BOX 8293, SHOMOLU, LAGOS
66. IPMAN Satellite Microfinance Bank Limited: This microfinance bank is located at 3, Alhaji Sunmonu Street, Opp. NNPC Depot, Ejigbo, Lagos State.
67. Ipodo-Ikeja Microfinance Bank Limited: This microfinance bank is located at 46, Obafemi Awolowo Way, Ikeja, Lagos State
68. Jessefield Microfinance Bank Limited: This microfinance bank is located at 9, Ayangburen Road, Beside Access Bank, Ikorodu, Lagos State
69. King Solomon Microfinance Bank Limited: This microfinance bank is located at 132 Bode Thomas Street, Surulere, Lagos State
70. LASU Microfinance Bank Limited: This microfinance bank is located at Lagos State University Campus, Lagos Badagry Expressway, Ojo, Lagos.
71. Lifegate Microfinance Bank Limited: This microfinance bank is located at 497, Ikorodu Road, Ketu, Lagos State
72. Links Microfinance Bank Limited: This microfinance bank is located at 142 Ipaja Road, Abesan, Lagos
73. Lovonus Microfinance Bank Limited: This microfinance bank is located at 8B, Imam Augusto Close, Off Olosa Street, Victoria Island, Lagos State
74. Magnet Microfinance Bank Limited: This microfinance bank is located at 22, Tijani Ashogbon Street, Bariga, Lagos State.
75. Main Trust Microfinance Bank Limited: This microfinance bank is located at 49, Ladipo Street, Mushin, Lagos State
76. Mainstreet Microfinance Bank Limited: This microfinance bank is located at 51/55 Broad Street, P.M.B. 12021, Lagos
77. Stateside Microfinance Bank Limited: This microfinance bank is located at 2, Creek Road, Apapa,Lagos State.
78. Still Waters Microfinance Bank Limited: This microfinance bank is located at NO. 1/3, CREEK ROAD, APAPA, LAGOS STATE
79. Suisse Microfinance Bank Limited: This microfinance bank is located at Gacoun Plaza, 2nd Avenue, 23 Road, K Close, Festac Town, Lagos State.
80. Sulspap Microfinance Bank Limited: This microfinance bank is located at 275 Egbeda Idimu Road, Pipeline Bus-Stop, Opposite Area M Police Command, Isheri Idimu Lagos.
81. Sunrise Microfinance Bank Limited: This microfinance bank is located at 6, Ajayi Aina Street, Ifako-Gbagada, Lagos State
82. Supreme Microfinance Bank Limited: This microfinance bank is located at 2A Alhaja Abass Street, Alhaja Bus Stop, Ogudu GRA- Ogudu, Ojota, Lagos
83. Susu Microfinance Bank Limited: This microfinance bank is located at 34, Commercial Avenue, Sabo-Yaba, Lagos State
84. TCF Microfinance Bank Limited: This microfinance bank is located at No 2A, Osborne Road, Pees Galleria, Suite 4, 1st Floor, Ikoyi, Lagos.
85. Touchgold Microfinance Bank Limited: This microfinance bank is located at 354, Abeokuta Expressway, Abule Egba, Agege, Lagos State
86. Townserve Microfinance Bank Limited: This microfinance bank is located at 2 TOS Benson Road Ikorodu Lagos State.
87. Treasures Microfinance Bank Limited: This microfinance bank is located at No 1 Bakare Street, Ojodu-Berger Bus Stop, Ojodu, Lagos
88. Trinity Microfinance Bank Limited: This microfinance bank is located at 18, Moloney Street, Obalende, Lagos State
89. Truebond Microfinance Bank Limited: This microfinance bank is located at 27, Adeola Adeleye Street, Off Coker Road, Ilupeju, Kosofe LGA, Lagos State
90. TSM Microfinance Bank Limited: This microfinance bank is located at 15A, Adebisi Popoola Street, Lekki Phase I, Eti-Osa, Lagos State
91. Ultimate Microfinance Bank Limited: This microfinance bank is located at Sikiru Ayinde Oluwo House, Owode market, Ayobo Road, Ipaja, Lagos State
92. Unicredit Microfinance Bank Limited: This microfinance bank is located at 7A/9A Abibu Oki Street Lagos Island
93. VCL Microfinance Bank Limited: This microfinance bank is located at 70, Old Abeokuta Rd., Agege Lagos
94. Verdant Microfinance Bank Limited: This microfinance bank is located at 48, Bamigbose Street, Lagos Island, Lagos State
95. Verite Microfinance Bank Limited: This microfinance bank is located at 51/52, marina Street, Lagos Island, Lagos
96. VFD Microfinance Bank Limited: This microfinance bank is located at FORSIGHT HOUSE, 163/165, BROAD STREET, LAGOS ISLAND, LAGOS STATE
97. Vineland Microfinance Bank Limited: This microfinance bank is located at Suite EU6, 01/02, The Arena, Nigerian Army Shopping Complex, Bolade, Oshodi, Lagos State
98. Viva Microfinance Bank Limited: This microfinance bank is located at Suite H528/H529, Ikota Shopping Complex, Victoria Garden City, Ajah, Lagos State
99. Wealthbasket Microfinance Bank Limited: This microfinance bank is located at 148, Lagos Road, By Church Bustop, Ikorodu, Lagos State
100. Wealthstream Microfinance Bank Limited: This microfinance bank is located at 213, Kirikiri Road, Olodi-Apapa, Lagos State
101. Wesley (fmr. City Mission Methodist) Microfinance Bank Limited: This microfinance bank is located at 1 Alhaji Ade Thanni Street, Surulere Lagos
102. XSLNCE Microfinance Bank Limited: This microfinance bank is located at No 8B, Olarenwaju Ninalowo Off Fola Osibo Street, Lekki Phase I, Lekki, Lagos
103. Yaba Microfinance Bank Limited: This microfinance bank is located at Yaba College of Technology, 22 Husley Street, Yaba Lagos
104. YES Microfinance Bank Limited: This microfinance bank is located at 11, Majekodunmi Street, Off Allen Avenue, Lagos.
105. Manna Microfinance Bank Limited: This microfinance bank is located at 254 Agege Motor Road, Olorunsogo, Mushin, Lagos
106. Mar-Bonch Microfinance Bank Limited: This microfinance bank is located at 14, Apongbon Street, Lagos
107. Maritime Microfinance Bank Limited: This microfinance bank is located at No 16, Burma Road, Apapa, Lagos
108. Marvelous Microfinance Bank Limited: This microfinance bank is located at 371, IKOTU IDIMU ISHERI, OLOFIN LAGOS, LAGOS STATE
109. Mercury Microfinance Bank Limited: This microfinance bank is located at 6, Olayiwola Street, New Oko-Oba Ifako-Ijaiye, Lagos
110. Meridian Microfinance Bank Limited: This microfinance bank is located at 6 Marwa Road, Finiger Estate, Satellite Town, Lagos
111. Metro Microfinance Bank Limited: This microfinance bank is located at 15, Otunubi Street, Off Haruna, Ogba, Ikeja, Lagos State
112. Mkobo Microfinance Bank Limited: This microfinance bank is located at NO. 10, OLARENWAJU STREET, INDUSTRIAL ESTATE, OREGUN, IKEJA, LAGOS
113. Moneywise Microfinance Bank Limited: This microfinance bank is located at 2 Olowu Street, Off Awolowo Way, Ikeja Lagos
114. Mountaintop (Mayfield) Microfinance Bank Limited: This microfinance bank is located at 82 Adeniran Ogunsanya Street, Surulere, Lagos
115. Mustard Microfinance Bank Limited: This microfinance bank is located at Plot 16, Omole Layout, Ogunnusi Road, Omole B/Stop, Omole, Ikeja, Lagos
116. Mutual Benefits Microfinance Bank Limited: This microfinance bank is located at 10, Apapa Road, Oyingbo, Ebutte-Metta, Lagos State.
117. Network Microfinance Bank Limited: This microfinance bank is located at 68 Ayangburen Road, P.O.Box 2525, Ikorodu, Lagos
118. NEW Women’s Microfinance Bank: This microfinance bank is located at 70, Ogunnusi Road, Akiode Bustop, Ojodu, Lagos State
119. Novel Microfinance Bank Limited: This microfinance bank is located at 123 Apapa Road, Ebute Metta, Lagos State.
120. NPF Microfinance Bank Limited: This microfinance bank is located at 1, Ikoyi Road, Obalende, Lagos State.
121. Octopus Microfinance Bank Limited: This microfinance bank is located at 24, Community Road, Opp. Police Station Otto-Ijanikin Km 28, Badagry Expressway, Lagos
122. Ojokoro Microfinance Bank Limited: This microfinance bank is located at Lagos-Abeokuta Express, Ijaiye Bus Stop, Ojokoro, Lagos State
123. Onyx Microfinance Bank Limited: This microfinance bank is located at Igbehinadun Street, By Bolade B/Stop, Oshodi, Lagos
124. Oros Capital Microfinance Bank Limited: This microfinance bank is located at 17, Commercial Avenue, Yaba, Lagos State
125. Owotutu Microfinance Bank Limited: This microfinance bank is located at 23, Ladipo Street, Mushin, Lagos
126. Page Credit Microfinance Bank Limited: This microfinance bank is located at 18, Norman Williams Street, Ikoyi, Lagos State
127. Parallex Microfinance Bank Limited: This microfinance bank is located at 55, Kudirat Abiola Way, Oregun-Ikeja,
128. Parkway Microfinance Bank Limited: This microfinance bank is located at 102/109 Broad Street, Mandilas Building, Lagos, Lagos Island
129. Patrickgold Microfinance Bank Limited: This microfinance bank is located at No.95, Old Abeokuta Motor Road, Opp. Post Office, Agege, Lagos
130. Pearl Microfinance Bank Limited: This microfinance bank is located at 6, Taiwo Ishola Street, Off Lola Holloway Street, Omole Phase 1, Ojodu Lagos
131. Pecan Trust Microfinance Bank Limited: This microfinance bank is located atPlot 5a, No 32, Grace Anjous Lekki Phase 1, Lekki, Lagos
132. Peniel Microfinance Bank Limited: This microfinance bank is located at Km 20, Badagry Expressway, Opp. LASU Main Gate, Ojo LGA, Lagos State.
133. Peninsula Microfinance Bank Limited: This microfinance bank is located at 1ST FLOOR, CONOIL BUILDING, BUDO LAYOUT, AJIWE, AJAH-LEKKI EXPRESS WAY, LAGOS STATE
134. Pennywise Microfinance Bank Limited: This microfinance bank is located at C/o Mrs Monotimbo Ayinde, 95, Awolowo Road, Lagos State
135. Personal Trust Microfinance Bank Limited: This microfinance bank is located at 67, Ogunlana Drive, SuruLere, Lagos.
136. Petra Microfinance Bank Limited: This microfinance bank is located at St. Dominic Priory; 356 Herbert Macaulay Way, Yaba, Lagos State
137. Primera Credit Microfinance Bank Limited: This microfinance bank is located at 385, Ikorodu Road, Ojota, Lagos State.
138. Prolific Microfinance Bank Limited: This microfinance bank is located at 9, Ijaiye Road, Sango-Agege, Lagos State
139. Purple Money Microfinance Bank Limited: This microfinance bank is located at Plot 69 Admiralty Way, Lekki Phase 1, Lagos.
140. Pyramid Microfinance Bank Limited: This microfinance bank is located at Spicery Building, 11/13, Onayade Street, Igbobi Sabe, Jibowu, Lagos
141. Quicash Microfinance Bank Limited: This microfinance bank is located at Plot 5A, Block A10, Admiralty Way, Lekki Phase 2, Lekki, Lagos
142. Rehoboth Microfinance Bank Limited: This microfinance bank is located at 13, Aweh Crescent, Onipanu, Shomolu, Lagos
143. Reliance Microfinance Bank Limited: This microfinance bank is located at Plot 4, Oyetubo Street, Off Obafemi Awolowo Road, Ikeja, Lagos
144. RenMoney (Rencredit) Microfinance Bank Limited: This microfinance bank is located at 89, Awolowo Road, Ikoyi, Lagos
145. Rephidim Microfinance Bank Limited: This microfinance bank is located at No 10 Lateef Salami Street, Ajao Estate, Lagos
146. RIC Microfinance Bank Limited: This microfinance bank is located at 1, Adeola Hopewell Street, Victoria Island
147. Richway Microfinance Bank Ltd: This microfinance bank is located at Plot 27, Admiralty Way, Lekki Phase 1, Lekki, Lagos State
148. Riggs Microfinance Bank Limited: This microfinance bank is located at 5, Imam Abib Adetoro Street, Off Ajose Adeogun, Victoria Island.
149. Rockshield Microfinance Bank Limited: This microfinance bank is located at Olorunfemi Plaza, 398 Ikorodu Road, Ojota, Lagos.
150. Royal Exchange Microfinance Bank Limited: This microfinance bank is located at 34/36 Apapa-Oshodi Expressway, Charity Bus Stop, Oshodi Lagos.
151. Safegate Microfinance Bank Limited: This microfinance bank is located at 1st Floor, No. 26 Obafemi Awolowo Way, Ikeja, Lagos State
152. Santrust Microfinance Bank Limited: This microfinance bank is located at 314B, Akin Ogunlewe Street, Off Ligali Ayorinde, Victoria Island, Lagos
153. Shelter Microfinance Bank Limited: This microfinance bank is located at 24, Ado Badore Road, Ajah, Lekki-Epe Expresway, Lagos State
154. Shepherd Trust Microfinance Bank Limited: This microfinance bank is located at 22, Thomas Salako Street, Ogba, Ikeja, Lagos State
155. Shoreline Microfinance Bank Limited: This microfinance bank is located at 10 Aerodrome Road, Apapa, Apapa L.G.A, Lagos
156. Snow Microfinance Bank Limited: This microfinance bank is located at 118 Coker Road, Ilupeju Lagos
157. Solid Allianz Microfinance Bank Limited: This microfinance bank is located at NO 1, ANUOLUWAPO STREET, SOMOLU, LAGOS
158. Sovereign Microfinance Bank Limited: This microfinance bank is located at 45, Isolo Road, Mushin, Lagos State
159. Stallion Microfinance Bank Limited: This microfinance bank is located at 38, Ogunlana Drive, Surulere, Lagos State
160. Stateside Microfinance Bank Limited: This microfinance bank is located at 2, Creek Road, Apapa, Lagos State.

Micro Finance Banks in Lagos -Conclusion

This list of micro finance banks is from CBN 2017 list of micro finance banks in Nigeria

If you’re looking forward to start a small business in Lagos but don’t have the capital to do so, you can visit any of the micro finance banks in Lagos listed above.

They are all willing to do business with you as long as you have what it take, which is idea and the zeal to develop it

If you know this article can be of help to others, please share it and leave your comments below. If you have a question, let me know via the comments section as well.

 

 

 

 

 

 

 

 

Searching for how to access quick loan in Lagos? Anyway, one of the most difficult things to get in Nigeria is to access loan from the commercial banks. There are lots of bottle necks with getting loan from the commercial banks.

Even when you’ve a bankable business plan, they must have a reason to say no. If at all you make your ways through the top shots, the interest rate is nothing to write home about.

Is all hope lost? I am glad to inform you that there is hope. In fact, there is an easy and very affordable way of accessing quick loan without collateral in Nigeria.

Before providing you with comprehensive list of fast cash loan Lagos, I’ll like to tell you things you shouldn’t do with a loan.

Recently, due to lack of salaries from government a lot of civil servant decided to go into small scale business. In a bid to start, they were busy searching for where to get soft loans in Lagos. Most of them that I advised not to borrow money to start a business that refused are regretting it today.

So, if your intention is to access quick loan and start a business then have a rethink. Please don’t get me wrong. I am not discouraging you from starting a business. Instead I’m advising you to start with whatever you have and if it works then you can borrow to expand.

Therefore, these quick online loans in Nigeria platforms are designed to help you solve your immediate pressing family needs.

Factors to Consider Before Applying For Quick Loans in Lagos

• Terms and conditions

Experience has shown that lots of people don’t bother reading terms and conditions of these quick loan providers. This is because of desperation, all they need is money and many of them end up regretting badly. So, take all the whole time you have to read the terms and conditions.

• Interest Rate and Flexibility of Payment

The interest rates and flexibility of payment is a very big factor to consider if you’re considering using any quick loan in Lagos platform. As a rule of thumb, don’t go for loans with interest rate more than 5% monthly.

Also, don’t go for loan that have very short period of paying back. That doesn’t mean you should hold on to their money for long time. Anyway, the longer you hold their money the more interest  will accrue.  So, be very calculative before going for quick online loans in Nigeria.

Assuming you have gotten the messages I tried passing above; let’s take deep look on each quick loan in Lagos provider below.

Quick Loan in Lagos –Top 3 to Pick From

1. Paylater

Paylater is the Nigeria’s best and fast loan platform for now because it is open to all. You can apply from every part of Nigeria without restrictions. They provide quick loan without collateral as long as you’ve a valid BVN.

Their interest rate and payment mode is flexible, which is why almost everybody goes for them.

How Does it work?

To access their loan you must start with downloading and installing paylater App from Google playstore.  Immediately after installing, you launch. A page will open where you’ll input your details such as state of residence, age, home address, state of origin, and almighty BVN.

Initially people were skeptical of in putting their BVN but now they have proved to be genuine. Again, they can only track defaulters through their BVN details.

Therefore, make sure the information you provide in paylater platform tallies with your BVN details. If you’re new to their system, you can only access the sum of N10, 000 for a start. Your ability to pay off on time will increase your credit score, which means you can increase the amount next time.

As I earlier said, the whole process of downloading their APP, installing, launching and applying for loan does take more than 15 minutes. That is why they are the quickest loan in Lagos provider today.

2. RenMoney

Renmoney is another reliable quick loan in Lagos provider. It is registered as RenMoney microfinance bank, which is an evidence of integrity. They offer loan without collateral or guarantor.

Their services are similar to that of paylater. The difference is that their payment plans spans up to 12 months. Also, you can access up to N500, 000 as long as you meet their requirement.

Their requirement is that you must be gainfully employed and must reside in Lagos. You must be of age at least 22 and maximum of 59 years.

The disadvantage of using this quick loan in Lagos platform is that they have flat rate interest. Which means even if you partly liquidate your loan, the interest remains at the initial value of the loan.

Also, they only accept people residing in Lagos. There services do not have nationwide coverage.

3. ZedVance

Third on the list is ZedVance.com. They also provide quick loan without collateral and equally provide over the counter loan. This means you can visit their office if you’re not good with online form processing.

To qualify for fast cash loan from ZedVance you must be in a paid employment. Your age bracket should be between 22 and 55. You must have an active salary and pension account.

My problem with ZedVance is that their payment plan is not flexible. You can’t change the payment date as scheduled from the date of borrowing.

However, changing the date of repayment attracts more charges, which may not be healthy for you. The good thing about ZedVance is that you can apply from every part of Nigeria.

Quick Loan in Lagos – Wrap Up

Obviously, these quick loans in Lagos platforms are designed to help people out of immediate needs. Though, they promised to give out quick loans without collateral but remember your bank and pension account serves as one.

After going through so many of them I still recommend paylater because of the flexibility of accessing loan.

The information on soft loans in Lagos and quick loan in Lagos without collateral here is for information purpose. I am not anyway affiliated with any of them.

Therefore, any inquiry should be channeled to their website through the links provided above.

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I always thank God for the existence of internet. If not for internet where can one go for instant loan in Lagos? With the help of simple online search you can get addresses of many money lenders that are willing to give out quick loan even without collateral.

However, you’ve to make a diligent investigation on who gives best soft loans in Lagos or quick online loans in Nigeria.

Therefore, I’ve compiled list of reliable money lenders that can provide instant loans in Lagos today that have flexible plan. I investigated these loan providers in various aspects to know how really they have the borrowers in mind.

Before, going into details of these fast cash loans Lagos providers, let me offer you piece of advice regarding loans. The advises are:

• Don’t ever go for loan with the purpose of starting a business. There are lots of uncertainties when it comes to starting and running a business. So, it’s better to start with whatever you’ve and if it’s successful then you can go for soft loans in Lagos to expand.
• Pay much attention to the interest rate and flexibility of payment. Some may have high interest rate but have a very flexible payment plan. While some have low interest rate but have rigid payment plan. So be very careful when dealing with instant loan in Lagos providers.

Hope you’ve gotten the gist; let’s consider these quick online loans in Nigeria providers one after another.

1. Paylater

Paylater.ng is at the top of the list because their process and payment plan are very simple, fast and flexible. Also, this instant loan in Lagos platform made the top list because you don’t need collateral or a commitment fee to get the loan.

Above all, it is open the every Nigerian whether you are a civil servant or not as long as you’ve a Nigerian bank account. And it takes between 5 minutes and 15 minutes to access the loan.

Paylater Instant Loan in Lagos -How Does it Work?

You must own an android phone because you can only access the loan through paylater mobile App. So, go to Google play store, download and install the APP.

Make sure you read the instructions, terms and conditions of using the platform. If you’re okay with the terms then accept and continue. But if you’re not okay with the terms then reject and delete the App from your phone.

Assuming you agree and continues, you’ll be taken to a page where you’ll input your details. Such as your name, state of residence, home address and BVN number. That is an online KYC.

After which youl’l fill a form on how much you need. As a starter or if you’re new to this instant loan in Lagos platform the maximum amount you can apply is N10, 000.

Once your application is approved then your account will be credited.

https://www.paylater.ng/

Warning:

Make sure that your name and date of birth you’ve on your BVN will match with what you’ll input on the paylater application form.

2. Zedvance

Zedvance is one of the Nigeria’s best and fast loan platforms you can approach for fast cash. What I love about Zedvance is that you can visit them at their office for over the counter loan or apply online.

If you’re not good with online form filling or protocols then you can approach them in person. My biggest challenge with this instant loan in Lagos platform is that they only consider civil servants. You’ll mortgage your salary account and pension account if you really want to get loan from them.

Their interest rate is low but repayment plan is rigid. As at the time of writing this report they only accept one time repayment. Though, people were complaining then, so they may have changed policy.

Anyway, go over to their website using the link below to find out for yourself.

http://www.zedvance.com/

3. Kwikcash

If you’re interested in another quick loan without collateral in Nigeria platform then kwikcash is a place to go. The platform is very reliable because it was formed by partnership between banks, mobile operators and tech companies.

You can access loan up to N500, 000 without collateral. The interest rate ranges from 5% to 15%. The borrowing and repayment period is between 14 days and 30 days.

You can visit the site here

Though, they are reliable, but to my own opinion, their terms are rigid. In fact, this instant loan in Lagos platform is designed for those that are seeking for short term loan. That means you must be sure of getting the money before the short period elapse.

https://www.kwikcash.ng/

4. CreditVille

CreditVille has lot of loan option for people. They have provision for business loans, cab hire purchase loan, advance salary loan and real estate loan. The process is a bit rigorous because you must do some documentation.

Their payment plan is very flexible. In fact, you can top –up your loan without waiting to pay off the previous loan. You can access a minimum of N250, 000 to a maximum of N2, 000,000 as long as you’re a salary earner.

Creditville has a lot to offer as long as you meet their demand. They are the instant loan in Lagos platform with the highest number of branches in Nigeria.

Check them out Here

5. KiaKia

Kiakia is another fast cash loans Lagos platform that are equally reliable. Their process of granting loan is also flexible. Their only difference with others is that their interest count by day.

https://www.kiakia.co/

Instant Loan in Lagos – Wrap Up

Above is the list of instant loan in Lagos platform that you can apply soft loans in Lagos today. This list is based on Alexa ranking and user experience or customer reviews.

Some of them offer quick loans without collateral while some don’t. No matter any one you’ll go for, take time to read the terms and conditions because any failure on your part will spell doom to your credit score.

Also, pay much attention to the interest rate and the flexibility of payment by any of the instant loan in Lagos or quick online loans in Nigeria platform.

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