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Emergency Loan in Nigeria – Where and How to Get it

Considering the state of the Nigerian economy, it isn’t strange for you to seek an emergency loan in Nigeria. If you are a salary earner, then it is likely you get broke before the next salary is paid. How do you now cater for emergencies that occur before you get paid?

emergency loan in Nigeria

You need an emergency online loan in Nigeria to bail you out. There are several ways to access these loans in Nigeria. It all depends on what platform you are comfortable with.

So in case you are seeking an emergency loan in Nigeria for business, health, or educational issues, we’ve got you. We will be discussing different ways you can access these loans in this post.

Platforms Where You Can Source Quick Loan

If you are reading this, it is likely you are in search of an emergency loan in Nigeria. You are not alone in your search as there are so many others like you. Many Nigerians are broke before the month goes halfway so they need a way to meet their financial needs.

There are several platforms where you can get emergency loans in Nigeria. They include:

  • Mobile apps
  • Loan websites
  • Physical locations

Prior to the revolution in the finance industry, the only way to get loans was through banks. The challenge with these banks is that getting a loan from them is difficult. Asides this, the rates were also not too friendly.

The number one problem with bank loans was the need for collateral. How can a person that is trying survive from one paycheck to another present collateral? This is what brought about the revolution in the finance loan industry in Nigeria.

Today, you can get a 24hrs loan in Nigeria. If you ever feel boxed in and in need of an emergency loan in Nigeria, try any of these platforms.

Mobile Apps For an Emergency Loan in Nigeria

When most of these apps hit the market, people were quite skeptical. We had cases of people being scared to register because they had to do that with their BVN and ATM details. Today, we all know that these apps are taking the finance loan scene by storm.

Let’s take a look that a few of these mobile apps.

  • Branch Loan App.

This is one of the best mobile apps to get an emergency online loan in Nigeria. In fact, upon application, your money gets to your account within a minute or two. You should note that to make use of this app you need an Android phone.

It is also important that you have access to the internet. Branch requires no paperwork or collateral or even a visit to their office. Simply download the app from the Play Store and then follow the instructions.

You can borrow between N1,000 and N150,000 from the app. As you use the app, your credit limit increases which give you access to more money. Branch loans can be accessed from any location as long as there is an internet connection. The major selling point of Branch loans is the low-interest rates and absence of late payment charges.

  • Paylater App.

Paylater has a huge reputation on the market as a lot of Nigerians are registered on the app. Recently, the company rebranded and changed the name of the app to Carbon. There’s are several functions that the app presents asides loans. Some of these include buying airtime, paying utility bills, and paying cable television bills among others.

With respect to getting an emergency online loan in Nigeria, Paylater offers competitive rates. Using the app is also very simple. It requires you to download it from either the Google Play Store or App Store.

Register by entering your full name, home address, BVN, and ATM details, and a scanned passport photograph. After this, you can apply for a loan of up to N1,000,000. As you will expect, your credit limit increases with more use of the app and a good credit record.

  • Quickcheck App.

This is another app through which you can get access to a loan in just minutes. There is no need for collateral and you can get up to N30,000 to sort your needs.

The loans come at competitive interest rates and last up to 30 days. Simply download the app from the Play Store and follow the instructions to register.

  • Kwik Cash App.

Kwik Cash App is a bit different in its operation as it offers users more flexibility. You can access an emergency loan in Nigeria using the USSD code *561# on your mobile phone. This means that even if you don’t have an internet connection, you can still apply for a loan.

The interest rates are between 10% and 20%. Repayment can be done by direct debit, bank deposit, through your ATM, and bank deposit. You can also download the app from the Google Play Store.

  • Quickteller App.

Quickteller is a major player in the Nigerian financial sector. Most online payments are made through this platform. That is why it is not strange that the company provides loan services to customers.

After downloading the app and registering, you have access to up to N100,000 loan. The loan tenure is 14 days.

Websites to Get an Emergency Loan

Apart from mobile apps, you can also get instant loans from a couple of websites in Nigeria. Since you are not downloading the apps, you just need to visit the websites, register, and follow the instructions.

Let’s take a look at some of these websites where you can access an emergency online loan in Nigeria.

  • FINT.

This website matches lenders to borrowers. When you want to apply for a loan via this website, you need to provide certain key documents. Some of these include:

  • A valid ID card
  • Valid Bank details
  • Bank Statement
  • Tax Identification Number

The average interest rate is about 2% and the least amount you can apply for is N20,000. Repayment of a loan can be done via direct debit from your card or bank transfer. Loan repayment takes up to 12 months. To register click here.

  • C24.

This website was created to enable customers to access emergency loans at affordable rates. It offers simplified payment plans and within minutes of registration, your loan hits your bank account.

For now, this loan works only for residents of Lagos State who are between 22 and 55 years old. You also need to have paid employment and a pension account.

A loan application can be done online or at the company office, 4, Adenubi Close, Off Majekodunmi Street, Ikeja, Lagos. The maximum amount you can borrow is N3,000,000 and it can be repaid using bank checks, POS, direct debit, or standing order.

You need to provide certain documents before you can access a loan from C24. They include:

  • Employment letter
  • Bank statement showing salary for the last 6 months
  • Staff ID
  • Recent utility bill
  • Valid ID
  • A passport photograph
  • Tax ID Number or Pension Statement

Other Sources of an Emergency Loan in Nigeria

Asides mobile apps and websites, you can access an emergency loan in Nigeria from a few other sources. You definitely know about banks so we wouldn’t be discussing any commercial banks in this post.

Here are a few other sources that might be helpful to you in getting a quick loan in Nigeria.

  • Microfinance Banks.

If you own a business, this will be a great source of loans for your business. They do not require any collateral from business owners which is instrumental in growing small and medium scale businesses.

All you need to do is sign an agreement with the bank which states how much you plan to borrow. It should also state clearly how the loan will be repaid.

Depending on your location, there are so many Microfinance Banks you can visit. They have proven to be very effective over time.

  • Lagos Angel Network.

This is probably the first time you are hearing of the Lagos Angel Network. They are not very popular because they prefer to operate under the radar.

They are focused on helping businesses grow so they offer loan facilities as well as mentorship. The aim of this body is to ensure increased innovation and business in Lagos State.

Before you can access a loan on this network, you need to present a pitch of your business idea. Business Angels will then assess it and see how they can invest to grow the business.

If you have a business idea that you wish to fund, then you can click here.


By now, you must have noticed that it is easy to get an emergency loan in Nigeria. We have discussed a few apps and websites as well as other sources. There are several other platforms you can try out. Getting a loan is no longer as complicated as it used to be, if you search, you’ll find a source.

Israel Chima

Israel Chima is a pro blogger that derives joy in helping small and medium businesses gain an online presence.

He guides business owners in having a full online presence by creating world-class websites, social media marketing, and content marketing.

Well-written SEO content ranks easily on the first page of Google, which translates to getting real customers.

Israel chima is an authority in planning and developing well-structured SEO content. So, you can contact him for your blog content.

He is the author of book 3 books on entrepreneurship, education, and transportation business. You can check out his book on Amazon titled “Discover to Recover.”

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