Easy and simple ways of getting personal loans online in Nigeria – Femtoptech

Easy and simple ways of getting personal loans online in Nigeria

November 7, 2018
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Easy and simple ways of getting personal loans online in Nigeria

One of the reasons why many businesses have failed these days is lack of access to adequate loan facilities and also because those ones available requires some bogus document before your request for a loan can be granted. (Easy and simple ways of getting personal loans online in Nigeria)

Well, those days are now over as the internet has made things quite easy now, you can now get loans online conveniently without having to submit more document, visiting a bank and at a reduced stress.

Today we would be sharing with you how you can access those loan facilities

Easy and simple ways of getting personal loans online

PAY LATER

All you need to access loans on Pay later is a working Android smartphone, Valid Bank details, and a working  data connection
Requirements: Valid bank details and Bank Verification Number
Platform: Android
Interest rate: 5% to 30%, depending on credit rating
Loan tenure: 1 to 6 months
Repayment channels: Debit Card, Quickteller, and transfer

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KIAKIA

This is a web platform that makes use of a chatbot through which you get to register and fill in your order details needed to get your personal loan.
Requirements: Work ID card, valid bank details
Platform: Web
Interest rate: 5.6% – 24%
Loan tenure: 7 to 30 days
Repayment channel: Debit card, Bank deposit

Easy and simple ways of getting personal loans online

 

FINT

FINT is a marketplace that finds lenders for worthy borrowers and the minimum amount of personal loans given out is ₦60,000 and the interest rate is based on borrower’s risk score.
Requirements: Valid bank details, valid ID card, and bank statements
Platform: Web
Interest rate: 9% – 39%
Loan tenure: 2 – 12 months
Repayment channel: Debit card, Bank deposit


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Easy and simple ways of getting personal loans online

 

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KwiKCash

KwikCash is a mobile loan solution from 9mobile, that grants you to access loans between the range of about N500 to  N100, 000 just by dialing *561# with from your 9mobile line or *554*561# on any other network aside from MTN and get credited in minutes.
Requirements: Any other network aside from MTN and valid bank details
Platform: USSD (*561# or *554*561# ) and web
Interest rate: 10 – 20%
Loan tenure: 14 days
Repayment channels: ATM, debit card, and Bank deposit

Easy and simple ways of getting personal loans online



Sharp Sharp by Credit Direct

Sharp Sharp an online loan platform by credit sharp which provides personal loans to both salary earners and entrepreneurs. It loan tenure is between 1 to 12 months. They offer loans to both the public and the private sector as well as those on their national youth service year.
Requirements: No guarantor, physical documents, personal bank details
Platform: Web
Interest rate: 3.4% monthly
Loan tenure: 1 to 12 months
Repayment channel: Direct debit

Easy and simple ways of getting personal loans online

 

ZEDVANCE

Another online web loan platform that grants you access to loan at an interest rate of 7.5% with loan tenure of up to about 12 months
Requirements: Valid bank details
Platform: Web
Interest rate: 7.5% to 58%
Loan Tenure: 1 to 12 months
Repayment channel: Cheques, direct debit, Bank deposit

Easy and simple ways of getting personal loans online



QUICKCHECK

Another loan platform requires a customer has a source of income and also grant you an option to choose if you are a student, unemployed or retired as your employment status.
Requirements: Facebook account, valid and active phone number, bank details and source of income
Platform: Android
Interest Rate: 1% daily
Loan tenure: 5 to 30 days
Repayment channel: Debit Card, Bank Deposit

Easy and simple ways of getting personal loans online



BRANCH

Branch is another online loan platform that provides loans to customers online. It is available in Kenya, Nigeria, Mexico, and Tanzania. The app makes use of your contacts, GPS and SMS log and call logs.
Requirements: Facebook Account/Phone number, BVN, and bank details
Platform: Android
Interest Rate: 15-21%
Loan tenure: 4 – 64 weeks
Repayment Channel: Debit Card, Direct deposit or mobile banking app

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