Loans

If you are familiar with the financial space in Nigeria, you must have heard about Quickteller. Yet, not everyone knows about Quickteller loans. If you didn’t, now you know, you can get a quick online loan in Nigeria from Quickteller.

Quickteller is known as a top financial solutions provider. Many transactions are facilitated through the Quickteller platform. The process is mostly very easy as the platform was designed to be very flexible.

Some of the transactions you can carry out on the Quickteller app include the transfer of funds and airtime recharge. Others include payment of utility bills and cable television. To make it better, the company has added the provision of loans to its app.

If you are seeking knowledge about how to get a Quickteller loan, this is the right post to read. We will provide you information on this as well as many other issues regarding a Quickteller loan.

A Background of Getting Quick Loans in Nigeria

Before we learn about Quickteller loans, it is wise to learn a bit about getting quick loans in Nigeria. Getting a 24hrs loan in Nigeria was not always this easy. Before, you had to visit a bank and go through a serious process of scrutiny to get a loan.

Part of the process required that you provided collateral as well as guarantors. How many average Nigerians had collateral to present? Even if you did, it wasn’t still a guarantee that you would get a loan.

Technology came up with a solution to this challenge. Now you have so many new loan apps in Nigeria. All you need to do is download these apps from the Play Store and register. After registering, you can submit a loan application and in a few minutes, you get your money.

This evolution is part of what led to the creation of the Quickteller Loan platform. Let’s get to know more about how to get a Quickteller loan.

How to Get a Quickteller Loan

Quickteller is one of the easiest ways to make payments in Nigeria today. For example, when you load your mobile line using this platform, you are rewarded with a bonus. You get this bonus regardless of the network provider you are subscribed to.

This means you don’t need to visit the bank for most of your transactions. To match up with the trend of loan provision, Quickteller has added loans to its repertoire. Now you can apply for a quick loan on this platform. Just like the other mobile loan apps in Nigeria, you don’t need to provide collateral.

The aim of this platform is to provide the average Nigerian with a Quickteller loan to meet basic urgent needs. No paperwork is required as you can complete the registration process on the platform.

To access the Quickteller platform, you need to have a device that is connected to the internet. If you don’t have one, you are not left out. You can still connect with a regular mobile phone. One thing you should know about a Quickteller loan is you can only collect small cash. The cash is also to be paid back in a maximum of fourteen days.

How Much Can You Get From Quickteller Loan?

If you have read thus far, you must be asking how much you can get from the Quickteller loan platform. Just like every other platform that provides mobile loans in Nigeria, Quickteller has a limit.

The amount you can collect when you apply for a Quickteller loan is between N1000 and N10000. As soon as your loan application is approved, you receive the funds in your account within minutes.

So here’s another question you would love us to answer, what are the requirements for getting a Quickteller loan?

Before your loan application can be approved, you must meet certain requirements. This is true for Quickteller or any of the other 24hrs loans in Nigeria platforms. This is why everyone that wants a loan asks for the requirements.

Already you know that no collateral is needed to get a loan from Quickteller, neither do you need any paperwork. All you need to is provide the following pieces of information:

• Your full name.
• Bank account details.
• BVN (Bank Verification Number)

With this, Quicketeller is able to access your bank information to check your credit history. It is important that the company gets wind of your financial situation. Of course, no one wants to make a wrong investment choice knowingly, a major reason why they seek all of this information.

Also, Read [Best Forex Investment in Nigeria]

How to Request a Quickteller Loan

Quickteller loans are among the easiest to apply for in Nigeria. Just like most of these quick online loan platforms, you need the internet on your device to apply. However, not everyone has access to the internet, even those that do don’t have it all the time.

This is why QUickteller gives you another option. With Quickteller you can make use of a USSD code to apply for a quick loan. For this, you don’t need to have the internet or even airtime on your device. See how easy it is? Let’s learn about each of these loan request processes below.

Making Use of the USSD Code

There are only a few 24hrs loans in Nigeria platforms that offer this mode of application. It is actually very thoughtful as it shows flexibility and consideration for those without the internet.

When you want to apply for a Quickteller loan using this code, simply dial *322*6#. Following this should be a set of instructions. The first of these is “request loan” and the second, “borrow airtime.”

When you select the “request loan” option, it automatically leads you through the process of getting a loan. As we stated earlier, you can get between N1000 and N10000 through this process.

Using The Online Method

Know how unstable shortcodes can be, it is a wise innovation to also allow Nigerians to apply using the internet. For those who have access to the internet, this process may be less cumbersome and more reliable.

The fact that you are using the internet means you can apply for a loan from your phone or personal computer. To begin the process and submit your loan application, click here. If you have not registered on the platform before, then you have to sign up.

If you have, then all you need to do is log in. After doing this, click on the Dashboard option to see your Dashboard. On the left side of the page, you will see several options, select “more.”

When you do this, you will see a few more options one of which will be the “request a loan” option. Enter the details of how much you want to collect, your bank account number, and choose your bank. Click “Continue” when you are done.

Quickteller evaluates your information after which it brings you a list of loan options you can take. It all depends on your eligibility. All of these loans have to be paid back in 14 days so be wise with your choice.

The rates are quite friendly at 15% per loan. Check out a few examples below:

• N1,000 to pay N1,150
• N2,500 to pay N2,875
• N5,000 to pay N5,750
• N10,000 to pay N11,500

You have to be sure that you have the means of repaying a loan before taking it considering the short timeframe. This is very important so that you don’t acquire a bad credit record.

Added to this, you can download the Qickteller app from Google Play Store by clicking here.

What Else Can You do Via the Quickteller App/website?

If you are familiar with the Nigerian financial technology space then you would know about Quickteller. There are so many things you can do using this platform beyond getting a quick online loan in Nigeria.

In this section, we will take you through a list of operations you could carry out on the Quickteller platform.

• Sending and receiving money. Quickteller makes money transfer very easy, especially for people running businesses. You can transfer to another bank account or to an eCash account. Asides this, you can transfer money via Western Union as well.
• Buying airtime. This is another important need that is met via Quickteller. You can either load your own line or load other lines. Payment can be made via the eCash platform created by Quickteller. If you don’t have any money in this account, you make your payments via other methods.
• Pay bills. There are so many bills that can be paid via the Quickteller platform. Some of them include:
  • Cable television bills
  • PHCN bills
  • Government Payments
  • Other loans
  • Travel and Hotel
  • School and examination fees
  • Aids and donations
  • Betting, lottery, and gaming, etc.
• You can also book flights, pay for events, and shop from foreign websites using the Quickteller website.

Conclusion

Getting a Quickteller loan is not as difficult as you imagine. There is a lot you can achieve using this app other than getting a loan. Visit the website or download the app from the play store and enjoy all the different benefits.

Are you looking for information about the renmoney loan app? Are you in search of a quick online loan in Nigeria? If your answer to these questions is yes, then you are reading the right article.

The age of going to the bank to apply for a loan is over. There are so many platforms where you can get access to a mobile loan in Nigeria these days. One such platform is the renmoney loan app.

With this app, you can access up to four million naira. The sound of that must be music to ears, especially with the condition of things in Nigeria today.

In this post, you will learn all there is to know about renmoney app. Part of this includes the requirements, the renmoney loan application form, the interest rate, and how to repay a loan. Juicy right? Get your cup of coffee, sit back, and enjoy the rest of this interesting post.

Before we go on, here’s some good news to keep you going. You don’t need any collateral to apply for a loan from the renmoney loan app. All you need is to submit the necessary pieces of information and you are good to go.

About Renmoney Loan

The body that offers this loan is known as Renmoney Microfinance Bank. Before now, it used to be known as Rencredit. The company is a financial solutions company that was established way back in 2012.

The truth is this company has not been on the scene for so long. Yet it has proven to be one of the most reliable financial solution bodies in Nigeria. The services of the Renmoney Microfinance Bank are geared at meeting the financial needs of both business owners and employees of companies.

By business owners, we mean both small scale, medium scale, and large scale business owners. What this implies is that you may not be able to get a loan from Renmoney if you are self-employed or unemployed. In this case, you can use many of the other 24hrs loans in Nigeria.

Requirements to Collect a Renmoney Loan

Just like every other mobile loan in Nigeria, for you to enjoy a loan from the renmoney loan app, there are requirements. In this section, we will take a look at the requirements which you must satisfy to get a loan from Renmoney Microfinance Bank.

The requirements include:

• You have to be between 22 and 59 years of age.
• You must be employed by an organization or be a business owner.

We will take a closer look at the different requirements for different categories.

Requirements if You Are an Employee

As an employee of a reputable organization, you can apply for a loan via the renmoney loan app. However, be sure that you satisfy these requirements so that your loan application is not declined.

• You should be running an active salary account with any of the commercial banks in Nigeria. This account must have been running for at least six months.
• Present a statement of account of the said account for a minimum of six months. It has to carry the authorized stamp of the bank where the account is lodged.
• Your credit bureau report must be clean of any loans taken in the past. This means that you cannot have any outstanding loans. Along with this, you must have a credible credit score.
• You cannot have a history of bounced checks. This means the banks must have not returned any of your checks in recent times.
• A recent passport photograph. The passport should be colored and must have been taken within the last six months.
• A valid identification card presented by the employing organization. This a proof to show that you actually work for the organization.
• You also need to present a letter from the human resources department of your company. This letter should show that you are employed with the organization and your current designation. It should also carry information about how much you earn monthly if there has been an increment, as well as redeployment if any.
• Recent utility bill. This should not be over three months old. Make sure that any debts are cleared before presenting this bill else your application may be declined.
• A valid national identity card or its equivalent. This includes national drivers’ license, voter’s card, or the ECOWAS passport.

Requirements as a Business Owner or Self-Employed Individual

The requirements are a bit different if you work for yourself or you own a business. Let’s take a look at what you need to satisfy to get a quick loan in Nigeria from the renmoney loan app.

• Recent passport photographs. Just like it was stated above, it cannot be older than six months and it must be colored.
• Present a valid means of national identification. This includes a national identification card, driver’s license, voter’s card, or ECOWAS passport. Whichever you choose must not be expired.
• Provide an identification card that shows that you truly own and run a business.

Other Requirements Are:

• A statement of your account, this could be personal or corporate. The statement has to be signed and stamped by the bank where the account is lodged. It must also date back to the last six months at least.
• You have to provide proof that you pay taxes by presenting a certificate of tax registration. Along with this, you have to present a receipt of payment of taxes.
• Present a means through which the loan can be paid back. This is basically you have to present a NUBAN check.
• Certificate and memorandum of incorporation of your business with the Corporate Affairs Commission (CAC). This is a proof to show that your business exists under the laws of Nigeria.
• A recent utility bill of either your business address or home address has to be presented. Make sure you clear the bill before presenting it to avoid declining your application. The bill cannot be older than three months.
• A guarantor to stand on your behalf. Renmoney has a list of people that are eligible to be guarantors. Make inquiries with the company to get this list.

After meeting these requirements, you can apply for a loan from the renmoney loan app. You can rest assured that your request will be granted within a few hours.

Other Types of Renmoney Loans

Just like the other fintech solution companies in Nigeria, Renmoney Microfinance Bank provides several other loan facilities. These loans are for helping esteemed customers meet specific needs.

You can also get these loans from the renmoney loan app and they fall under the category of quick online loans in Nigeria. Let’s take a look at the other loans you can get from Renmoney.

1.  Renmoney School Fees Loan

Education they say is the bedrock of development. Renmoney understands this and thus provides loans to parents who cannot afford their children’s fees. This is one of the easiest 24hrs loans in Nigeria.

The requirements are the same as above so let’s focus on how you can submit an application for this loan.

Applying for Renmoney School Fees loan

You can do this in two ways:

• You can enjoy lesser rates if your child’s school is a partner under Renmoney Microfinance Bank. The process is easier as you just have to apply through the school. Simply download the form here, fill it and submit marketing@renmoney.com.
• In the event that your child’s school is not in such a partnership, take the following steps.
  • Apply through the renmoney website and fill the application form.
  • Make use of the loan calculator.
  • Submit the required school fees details and await a response from representatives of Renmoney.

After submitting your application, the following should happen:

• You’d receive a notification from Renmoney.
• You may need to submit certain documents at any of the Renmoney offices.
• Upon approval, you get the required amount within 24 hours.

2. Renmoney @Work Loan

There are several organizations that have been pre-screened by Renmoney Microfinance Bank. This implies that their employees can get a loan from the renmoney loan app. To get the renmoney @work loan your organization needs to,

• Have 30 staff or more.
• Have  a Corporate Affairs Commission (CAC) registration number

This gives access to employees to lower interest loans from the renmoney loan app.

Applying for Renmoney @work loan

• Download the loan application form and fill it at work.
• Make available all the necessary documents.
• Drop the application form with the Human Resources Department of your company. One of the Renmoney Relationship Managers will pick it up from there.
• You will get a notification from Renmoney stating whether the loan has been approved or not.
• The cash should hit your account within 24 hours after approval

Renmoney Contact Offices

To learn more about the Renmoney loan app, you can visit any of the organization’s offices in Lagos.

• HEAD OFFICE: 89 Awolowo Road Ikoyi
• SURULERE OFFICE: King Plaza mall, Adeniran Ogunsanya
• OPEBI OFFICE: Pentagon Plaza, 23 Opebi Road Ikeja
• LAGOS ISLAND OFFICE: -50-52, Broad Street, Lagos in CSS Bookshop House
• APAPA OFFICE: Apapa Mall, 13 Park Lane, Apapa, Lagos
• LEKKI OFFICE: F61 and F62 Road 3, Ikota Shopping Complex, Ikota, Lekki-Ajah

You can also call 0700 73666639 or visit the official website here.

As a Nigerian, it is not strange to find you in search of Nigeria’s best and fast loan. The situation of the country today warrants that the layman on the street seeks a means of meeting his needs. Many people barely earn enough to provide food not to talk of keeping them until the next payday.

 

So how do you meet emergency needs or other issues like rent and medical bills? This is why people seek for quick online loans in Nigeria. There are so many platforms today including mobile apps and websites where you can get such loans.

The juicy news about these platforms that you really do not need to present collateral or guarantors. All you have to do in most cases is download the app or visit the website and register. When you do, request for your loan and it should hit your account within a few minutes.

The truth is it will be difficult to state which of these platforms is Nigeria’s best and fast loan. What we can do is show you a few of the different platforms and then you can make your choice.

Nigeria’s Best and Fast Loan – Apps

As we stated above, it is difficult to pick out one of the platforms and say it is the best loan app in Nigeria. There are so many apps, each one with its own peculiar advantages. But one question begs to be answered, what factors should you consider when choosing a loan app?

The most common factors people look out for include:

• How quick loans are disbursed.
• Ease of registration.
• Ease of loan application.
• Interest rates
• The flexibility of the platform.

You should watch out for these and many other factors when considering what app to use. All the platforms we have on our list meet these criteria. This is why Nigerians consider them the best way to get an urgent loan in Nigeria.

1. Paylater (Carbon)

Many users of the Paylater app consider it as Nigeria’s best and fast loan. There are so many reasons why it is considered as such. The most prominent of all is the fact that the app is very easy to use.

Paylater changed its name to Carbon upon a rebranding campaign that it underwent to improve services. There is so much you can do on the Carbon app aside from getting a quick loan in Nigeria. These include paying utility bills, investing money, saving cash, and transferring funds to other accounts.

By the way, you can get a loan for almost anything on Paylater ranging from personal needs to medical and educational needs. Overall interest rates are between 12% and 15% per loan, which is usually determined based on risk.

The more you pay up your loans, the higher your next loan will be. You can between N10,000 and N1 million on the Carbon app and all of these without any collateral. Loan repayment is very easy as the money is taken out of your account on the due date.

To enjoy more benefits, it is wise to repay your loan before the due date. This way, you improve your credit score. Click here to download the app and apply for a loan today.

2. Palmcredit

If you are looking for an app that acts just like a credit card, then Palmcredit is your best option. This is also regarded by many as Nigeria’s best and fast loan. It definitely falls into this class as it gives every other top app a run for their money.

When you want to get a loan with Palmcredit, the process is very easy. In fact, it is so fast, you will be surprised. If you have not downloaded the app, you can download it here or visit the Google Play Store to get the app on your phone.

After downloading it, you can register your details including your phone number, BVN, and bank account details. Once this is done, the next thing to do is to apply for a loan. You can get up to a hundred thousand Naira using this app.

As you repay your loans, your credit limit increases. Just like on the Paylater app, you can do a lot more than getting a mobile loan in Nigeria from Palmcredit. You can load your phone with airtime, transfer funds to a different account from yours, amongst others.

The interest rates are not too high which makes it one of the best platforms to get a 24hrs loan in Nigeria.

Also See: [ Lucrative Businesses in Nigeria That Move Fast]

3. Nigeria’s Best and Fast Loan –Branch

Are you in search of the easiest platform to get a quick loan in Nigeria? The Branch loan app is one of your best options. There are so many reasons why this app is considered as Nigeria’s best and fast loan.

The first of these is the fact that the interest rates are not high, they are very considerable. This is a perfect way to handle those urgent financial needs that come up before payday. When you download the app, you can get N1,500 on your first loan application.

This loan amount will increase as you repay your loans promptly. The highest amount you can get from Branch is N150,000. Repayment terms are flexible depending on how much you borrow from the platform. It begins from 4 weeks and continues that way up to 64 weeks.

If you are seeking for an urgent loan in Nigeria, click here to download the Branch loan app.

4. QuickCheck

QuickCheck is an app that provides quick loans in Nigeria to both individuals and business owners. It is best to use this app when you need quick money to handle urgent needs. You cannot get so much cash from this platform but where the advantage lies is in the interest rates.

The highest amount of cash you can get on QuickCheck is N30,000. Loan tenures on this app range between fifteen and thirty days. The basic idea behind this loan is to meet your urgent needs before payday.

You can download the app from the Google Play Store or click here to download the app. The platform is easy to use and navigate through so you wouldn’t need any help with that.

5. Aella Credit

Do you know what led to the Fintech revolution we are experiencing in Nigeria today? It is very simple, the difficulty faced by average Nigerians when trying to get a loan from the bank. Aella Credit is one of the platforms that rose during this revolution with the aim of changing the tide.

Today, Aella Credit is seen as one of Nigeria’s best and fast loans for several reasons. With this platform, you don’t need any form of paperwork or collateral. This should be good news for you as you can now get a loan straight from an app on your smartphone.

When the company first started operations, it focused on lending to employees of companies. At this time, it was an affiliate to three of the top credit bureau agencies within the country. The aim was to ensure that these employees get loans within minutes and without paperwork.

Fast forward to today and a lot has changed or better still, improved. Now anyone can get an urgent loan in Nigeria from the Aella Credit loan app. To find out about a person’s creditworthiness, the company makes use of a proprietary credit evaluating algorithm.

With this algorithm, the app can tell how good your credit score is and then issue a loan based on this result. Several factors are taken into consideration by this algorithm including market data, demographic factors, and debt to income ratio.

All of these processes are behind the scenes so you don’t even take note when using the app. Once you submit a loan application and it is approved, you should get your loan in minutes. Click here to download the Aella Credit loan app.

6. FairMoney

Are you searching for new loan apps in Nigeria? Look no further than the FairMoney loan app. It makes our list of Nigeria’s best and fast loans for lots of reasons. Even though the app is quite new on the market, its promotional campaigns and friendly interest rates have made it popular.

The app provides different kinds of loans which include educational loans, personal loans, business loans, medical loans, etc. Today we enjoy the benefits of a revolution experienced in the Fintech sector of Nigeria.

Now, you don’t need to step out of your home to get a loan. All you need to do is download the FairMoney loan app and submit your details. This shouldn’t take more than five minutes, that’s great right?

It even gets better, once you have submitted your loan application. The app has an algorithm that checks through your credit history. This check is run within seconds and you know whether your loan request is approved or not.

Upon approval, you get your funds in your account. The whole of this process doesn’t exceed five minutes, convenience at its peak.

Nigeria’s Best and Fast Loan – Roundup

What we have tried to make you see in this post is the top platforms to get quick loans in Nigeria. Even though we cannot categorically pick one of these apps as Nigeria’s best and fast loan, they are all efficient.

If you have been attentive to the Nigerian financial space, you would have noticed there is a shift. Specta loan is a part of this shift. What is this shift about? It is the fact that these days, people can get access to a quick loan in Nigeria within minutes.

Specta loan is simply an online platform where you can access a 24hrs loan in Nigeria. There are so many classes of loans you can get from Specta. We will discuss the different classes in the remaining part of this post.

The idea behind this loan is to give you a convenient way of accessing a loan without collateral in Nigeria. So the question is this, “are you in need of a quick loan in Nigeria for whatever reason?” If your answer is YES, then you just picked the right article because Specta loan is what you need.

About Specta Loan

One of the biggest banks in Nigeria today is Sterling Bank. The bank has understood and caught up with the trend of quick loans. For this reason, it set up Specta Loan as a way of ensuring that Nigerians gain access to an online loan in Nigeria.

Now you know that Specta loan is a platform run by the esteemed Sterling Bank. On this platform, individuals have access to about N5 million. The great thing about this loan is that there is no need for paperwork or collateral.

You don’t even need to visit their office. Everything can be done through your mobile phone, very easy right? This is one of the advantages of applying technology to everyday life.

Once you have completed your registration on the platform, getting a loan shouldn’t take more than 5 minutes. Now you will find it easy to take care of personal, business, educational, health, and other needs.

Different Classes of Specta Loans

People have different needs, from personal to educational to health and holidays. Regardless of what category your need falls under, you can get a Specta loan to meet it. In this section, we will take a look at the different classes of Specta Loans available.

1,  Payday Loan

We all know the situation of the economy. Most people earn far less than is enough to meet their needs. Before the end of the month, they are already in need of financial help. This is because needs have come up that need to be solved before the salary is paid.

Specta has you covered in this regard as it provides you the funds needed in quick time. The duration of this loan is thirty days since it is just a salary loan.

You must be wondering how much you can collect with Specta Payday Loan. This is dependent on how much salary you earn each month. You will need to supply a few pieces of information before your loan will be approved on the platform.

2.  Medical Finance

Our health as humans is unpredictable, we only know how we feel now. It takes just a moment to fall ill but what happens when you are ill and you don’t have funds? Most times we get worried when we are short on cash and we fall ill, this becomes a case of insult upon injury.

Specta understands this very much and has provided a way of escape. With a Specta Medical Loan, you can meet your health needs within minutes and repay later. When your application is approved, you’d know when you are expected to pay back the loan.

3.  Wedding Loan

Nigerians love weddings and our weddings are among the most flamboyant in the world. Due to the state of the economy, only a few people can finance their dream weddings. This is a very sad tale, especially for a lady. We all know women care more about weddings.

Rather than get frantic about your wedding because of lack of funds, why not try Specta. Specta Weddin Finance is there to help you with your wedding costs and relieve you of the nagging burden.

You can apply for this loan and repay it with convenience. The loan is structured for ease of payment which should be great news for you.

4.  Education Finance

Education is the bedrock of development and economic growth in any nation. Yet we have a lot of people who are illiterate because they don’t have the funds to sponsor themselves. Even those that are enrolled in school find it difficult to go through their courses for one reason, money.

If you want to gain more knowledge or have the zest to be certified and have no funds, this is for you. Specta Education Finance is structured to provide the funds you need to pay for your education.

Now you can get those certificates with a Specta Loan and payback when you can. Isn’t that so convenient?

5.  Personal Project Loans

Many people have different projects they want to execute personally. In case you fall into this category with a vision to achieve but no funds, try applying for a Specta loan.

The Specta Personal Project loan is there to help you fund those personal projects from start to finish. This way, you can fulfill your dream and still repay the loan in convenience.

6.  Holiday Finance Loan

Once in a while, we all need holidays, at least once a year. The question is can you fund a holiday to your desired location by yourself? Most Nigerians will answer NO to that question and you cannot blame them. This is probably why many of us don’t bother going on holiday at all.

Do you know that you don’t need to go through all that worry? With a Specta Holiday Finance Loan, you pay for your holiday. You do deserve that time of rest, fun, and entertainment.

7.  Rent Finance Loan

Paying for a house can be a big deal especially when you have a dream home and cannot afford it. Most Nigerians have to live in very terrible conditions simply because they lack the funds to pay for better.

Specta Rent Finance Loan is designed to help you pay your rent easily. We all know landlords are not friendly when they want to collect their money. So get a Specta Loan, pay your rent, and have some peace of mind.

8.  Personal Loans

From time to time, personal issues come up that you need financial help to fix. Most of these issues cannot be discussed with others but you don’t have the funds to fix them.

No need to keep getting embarrassed, get a Specta Personal Loan. This loan takes a longer duration to repay than the Payday loan.

Specta Loan Packages

Want a quick online loan in Nigeria? Specta loan is one of your best options. There are several packages to choose from so as to cater for any class of people from whatever bank or occupation. Here are the different packages:

1.  SpectaXtreme

This package is for every individual, whether salary earner or a business owner. Regardless of your bank, you can get about N2 million with this loan.

The loan tenor reaches up to 12 months and rates are between 26% to 30% every year. To gain access to this package, click here.

2.  SpectaBasic

With this loan, you can access a maximum of N5 million in about 5 minutes or less. Isn’t this amazing news? The loan tenor lasts up to 4 years with a flexible repayment date and interest rate. To access this loan, you need to run a Business Account with Sterling Bank or a Salary account with any other bank. Click here to apply.

3.  SpectaPrime

This package is regarded as one of the fastest regarding cash-backed lending. The loan is accessible to both corporates and individuals. Here’s the advantage of this loan, you can make money while you lend for other needs.

The loan can be served in four different currencies which are Naira, Pounds, Euro, and Dollars. Read more about this here.

4.  SpectaAllawee

The term allawee is not strange to Nigerians, especially Corp Members. It is the nickname of the allowance that is paid to NYSC members at the end of the month throughout their service period. The challenge is that allawee is not always enough especially to carry out other projects. SPectaAllawee is designed to help Corp Members fund their entrepreneurial dreams. To learn more, click here.

5.  Specta Quick Cash

This package is also open to all individuals. You don’t have to run a Sterling Bank account. The loan is given based on your credit history and social media reputation and you can get up to N20,000.

Applying for a Specta Loan

The first thing to consider when you want to apply for a Specta Loan is your device. We already told you that you don’t need to visit their office. As long as you have a device that can connect to the internet and reliable internet connection, then you can begin.

Steps to follow include:

• Visit the official Specta website here.
• Pick the loan that suits your needs.
• Start the application.
• Fill the form for loan application.
• Eligibility will be assessed. You should get your loan within minutes if you are eligible.

Specta Loan – Conclusion

That is all you need to know about Specta Loan. If you wish to learn more or access the loan, click here. We hope this has been helpful in your quest for knowledge about Specta Loan.

Also Check : [Other Quick Online Loan Platforms Here]

Once upon a time in Nigeria, the idea of getting a loan was not common. Today, anyone can apply for quick online loans in Nigeria and be sure to get money in a few minutes. The good thing with these loan platforms is that they don’t require you to present any collateral.

How many Nigerians have access to collateral in the first place? Many Nigerians live from one paycheck to the other, getting broke before the next one arrives. The ones that don’t live on a salary run petty businesses to keep body and soul together.

With a mobile loan in Nigeria, you can sort out emergencies before your next pay comes in. The good thing with getting an instant online loan in Nigeria is that the rates are really affordable. Most of them fall between 4% and 5% per month, which is very fair considering the risk attached.

In this post, we will take a look at a few platforms that offer quick online loans in Nigeria.

The Evolution of Financial Loans in Nigeria

Before we get to the different loan platforms, we think you should understand a little about the financial loan sector in Nigeria. Prior to the establishment of these platforms, the only ways to get loans ways either through banks or through cooperatives.

For banks, you needed collateral and the rates were too high. It was evident these loans were meant for the rich alone. After all, what collateral could a poor man present that would suffice? For cooperatives, you couldn’t get a huge loan so there was a gap that needed to be filled.

This gave rise to a new day in the financial loan sector in Nigeria birthed from the advent of technology. Now you can get an instant online loan in Nigeria by registering on a website, a mobile app, or even through a USSD code.

With these 24hrs loan in Nigeria platforms, life has become easier for the layman on the street. Enough of this said, what platforms offer you a mobile loan in Nigeria at the best rates? Let’s go through a few below.

Platforms that provide quick online loans in Nigeria

Quick Online Loans in Nigeria – Paylater Loan App

This is one of the easiest ways to get an instant online loan in Nigeria. Everything about getting a loan from this company is online. Upon registration, you gain access to funds that fix that emergency or business need.

The company rebranded the app and renamed it Carbon. Along with this rebranding are several features including paying utility and cable television bills as well as buying airtime. The app also has a wallet where you can save money as well as an investment platform.

Without doubt, with this app, you can get access to a 24hrs loan in Nigeria within minutes of approval. The more you use the app, the more your credit limit grows. Consistency will get you to the highest amount that you can loan on the platform which is N1 million.

CreditVille

CreditVille is another way to get a quick online loan in Nigeria for people with employment or SMEs. The highest amount of money you can get is N250,000 which you have to repay within a period of 12 months.

There are three types of loans that are available on CreditVille, they are:

• Business Loans
• Payday Loans
• Cab Lease

By visiting the website or downloading the CreditVille mobile app, you will have access to more information on each. Below are the requirements for you to get an SME loan from CreditVille:

• Passport photograph
• Valid means of identification
• Bank statement for 6 months
• Certificate of Incorporation
• Memorandum of Association
• Guarantor

Quick Online Loans in Nigeria-Kiakia

Kiakia is one of the most popular slangs in Nigeria drawn from the Yoruba language. It means “fast-fast” and that is exactly what this mobile loan in Nigeria platform stands for. It focuses on providing loans for business people through a very organized process.

The app makes use of psychometrics, machine learning, big data, and digital forensics for credit assessment and scoring. This way it can provide loans to people who didn’t have prior credit information.

The aim was to provide Nigerians with a means of getting a loan within the shortest possible time. Getting a loan with Kiakia is very easy and quick too. Visit the website or download the mobile app from the Play Store. They are fast and effective as well as very efficient too.

FairMoney Loan App

Getting an instant online loan in Nigeria got became easier with FairMoney. This app is one of the latest to hit the scene but it has proven to be effective, efficient, and user-friendly too.

Through this app, you can get loans for virtually every need including personal finance, car repairs, health, purchasing goods, and rent. Rather than ask for collateral from you, FairMoney works with your credit history.

The more you prove yourself, the more money you are likely to get from the app. Simply download the app and register then you can apply for a loan. As soon as your loan is approved, you get the cash within a few minutes.

Here’s some good news if you are a student, you can get a study loan from FairMoney. This loan was designed to assist students to attain their academic goals despite the economic challenges in the country. If you are in search of quick loans in Nigeria, this is one option you should explore.

QuickCheck

QuickCheck provides loans to both individuals and SMEs in Nigeria. By registering on their app or website, you can gain access to a mobile loan in Nigeria with ease. The platform has your back for whatever needs you want to sort out including medical bills, rent, school fees, etc.

At an interest rate of just 1% daily, you are able to get up to N30,000 which you can repay in a month or less. Getting a loan is within minutes using this platform.

Quick Online Loans in Nigeria – ALAT Loan App 

This platform was designed by WEMA Bank and it was initially designed to be a digital bank. However, with the growing need for quick online loans in Nigeria, the bank thought it wise to add loans.

With ALAT, you don’t need to visit any WEMA Bank to get a loan neither do you have to submit any paperwork. Simply apply and you get your funds in your bank account within minutes. The highest amount you can get from this app is N200,000 which is a result of building your credit reputation.

Asides getting a loan from the app, you can also save money, transfer funds, and pay bills on the app. It is versatile and efficient, most of all, it is very reliable.

Palmcredit Loan App

This is another platform that offers you an instant online loan in Nigeria with very little hassle. The aim of this platform is to provide loans within the shortest possible time. Before you apply for a loan, the app checks your credit history.

Once you have been approved, you can start to apply for loans and with each repayment, your credit score is upgraded. The highest amount you can get with Palmcredit is N100,000 but you have to grow into that.

You start by taking small loans that you should repay within 7 to 14 days at a friendly interest rate. This grows as you repay loans and ultimately you get to N100,000.

Palmcredit is owned by TRANSNET Financial, a financial solutions company. It is only operational in Nigeria but is already working at spreading to other African countries. The app can also be used for other purposes like money transfer and payment of utility bills.

Conclusion

We could go on and on about platforms where you can access quick online loans in Nigeria. There are so many today but the bottom line is that they are very helpful in raising money for basic needs.