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Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 18 months
Loan terms
- You must be in a paid employment or a business owner
- Your age should be between 18 and 55 years
- You must have a savings or current bank account
About company
More information about the company Pennylender Limited
Fast information
Properties of this loan
- Online loans up to N500.000
- Term 30 - 365 days
- Easy online application
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Migo Technology Services Limited
Fast information
Properties of this loan
- Online loans up to N1.000.000
- Term 4 - 64 weeks
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company One Finance & Investments Limited
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Properties of this loan
- Online loans up to N1.000.000
- Term 4 - 64 weeks
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company One Finance & Investments Limited
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Properties of this loan
- Online loans up to N1.500.000
- Term 1 - 8 months
Loan terms
- Be in a paid employment
- Be between 21 and 58 years
- Have a salary account
- Have a pension account or tax ID
- Have a valid Proof of Identification
- Have a recent utility bill
About company
More information about the company Rosabon Financial Services Limited
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 6 - 12 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Guaranty Trust Bank Plc.
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Properties of this loan
- Online loans up to N5.000.000
- Term 15 - 30 days
- No collateral
Loan terms
- 18 + years old
- Nigerian citizen
- The bank account provided should be in your name
About company
More information about the company Pettycash Nigeria
Fast information
Properties of this loan
- Online loans up to N1.000.000
- Term 1 - 3 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Aella Credit Limited
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 18 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Zedvance Limited
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 36 months
Loan terms
- The salary advance loan requires salary earners with minimum net monthly salary of N100,000
- The small ticket personal loans requires salary earners with minimum net monthly salary of N150,000
About company
More information about the company Access Bank Plc.
Fast information
Properties of this loan
- Online loans up to N4.000.000
- Term 1 - 18 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Creditville Limited
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Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 60 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Sterling Bank Plc.
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 12 months
Loan terms
- You should be between 22 and 55 years
- Applicant must live and/or work in Lagos State
- Be employed (for at least 6 months) and get paid into your bank account
- Have a good credit history
- You must have a verifiable monthly income
- You must have a pension account
About company
More information about the company C24 Limited
Fast information
Properties of this loan
- Online loans up to N2.000.000
- Term 1 - 60 meses
- No collateral needed
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company FCMB Group Plc.
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 60 months
- No collateral
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Sterling Bank Plc.
Fast information
Properties of this loan
- Online loans up to N10.000
- Term 14 days
Loan terms
- Applicants must be 18 years and above
- Must live and work in Lagos State
- Must be employed with salary/self-employed with a monthly income
About company
More information about the company Bidellus Nigeria Limited
Fast information
Properties of this loan
- Online loans up to N1.000.000
- Term 1 - 12 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Interswitch Ltd
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Properties of this loan
- Online loans up to N30.000.000
- Term 12 - 60 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Union Bank Of Nigeria Plc
Fast information
Properties of this loan
- Online loans up to N150.000
- Term 2 weeks - 8 months
Loan terms
- Duly completed application form
- 2 guarantors
- 2 recent passport-size photographs
- Current electricity bill
- A valid means of ID (national ID, driver's license, voter's card or international passport)
About company
More information about the company LAPO MfB
Fast information
Properties of this loan
- Online loans up to N2.000.000
- Term 1 - 12 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company FINT Technology Africa Limited
Fast information
Properties of this loan
- Online loans up to N200.000
- Term 7 - 30 days
- No collateral
Loan terms
- 18 + years old
- Nigerian citizen
- The bank account provided should be in your name
About company
More information about the company KiaKia
Fast information
Properties of this loan
- Online loans up to N100.000
- Term 7 - 190 days
- No collateral needed
Loan terms
- 18 + years old
- Nigerian citizen
- Have a smartphone
About company
More information about the company Soko Lending Company Limited
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 12 months
Loan terms
- Identity Card
- Employment Letter and Last Salary Review Letter
- Valid means of ID ( National ID Card, Voters card, Driving license and International passport)
- 3 months stamped bank statement (Up to Date)
- Pension Statement(For current account holders)
- Postdated Cheques Covering Loan Tenor
- Bank Verification Number
- Signed and updated Direct Debit Mandate
About company
More information about the company Credit Direct Limited
Fast information
Properties of this loan
- Online loans up to N100.000
- Term 30 days
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Jumia Nigeria
Fast information
Properties of this loan
- Online loans up to N2.000.000
- Term 1 - 36 months
Loan terms
- You are a registered business
- You have been operating for 6+ months
- You have a valid invoice and are awaiting payment OR you have a purchase order and need financing to help you complete the job
About company
More information about the company Lidya
Fast information
Properties of this loan
- Online loans up to N50.000
- Term 30 days
- Revolving credit
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Rapid Cash Payday Loans, LLC
Fast information
Properties of this loan
- Loans for small and medium businesses
- No collateral
Loan terms
- Letter of employment
- Staff identity card
- Pay slip
- 6 months statement of account
About company
More information about the company NIRSAL National Microfinance Bank (NNMFB)
Fast information
Properties of this loan
- Limit of N5,000.000.00 to individual persons
- Above N5,000.000.00 to corporate organisations
Loan terms
- Current tax clearance certificate
- Last 3 years audited statement of account or statement of affairs required
- Consent to mortgage of the landed property being pledged as security for the loan
About company
More information about the company Bank of Agriculture Ltd.
Fast information
Properties of this loan
- Enterprise loan
- Up to N50.000.000
Loan terms
- Formal Application on letterhead and duly completed loan application form.
- Photocopy of Certificate & Form of Registration
- Business Plan which includes detailed Profile of the Business Enterprise with Curriculum Vitae of the key Management Staff
- Proforma invoice for the items of Equipment to be purchased
- Sources and quotations for Raw Materials expressed in quantity and amount
- Means of Identification of Promoters (a) Four (4) passport photographs and Biometrics Verification Number (BVN), (b) Photocopy of International Passport or Driver’s License or National Identity Card or Permanent Voter’s Card
- Bank Statement of the Business Enterprise for a period of one (1) year (for existing business)
- Declaration of Outstanding Liabilities to other Banks and Individuals, if any
- Two Individual external guarantors with proper means of identification such as BVN, four (4) passport photographs, Identity Cards and Letter of Intent to guarantee the loan
About company
More information about the company Bank of Industry Limited
Fast information
Properties of this loan
- Online loans up to N100.000
- Term 1 - 30 days
Loan terms
- 18 + years old
- Nigerian citizen
- Your account must be older than 1 month with BVN and KYC done to be able to request for cash
About company
More information about the company Bincom ICT Solutions
Fast information
Properties of this loan
- Online loans up to N200.000
- Term 1 - 6 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Wema Bank Plc.
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 12 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Page International Financial Services Limited
Fast information
Properties of this loan
- Online loans up to N50.000
- Term 91 - 365 days
Loan terms
- The applicant must be a Nigerian resident
- The age bracket of the applicant has to be in the range of 20-55 years
- The applicant needs to have a source of monthly income or state the reason why he or she wants the loan
- Valid ID Card
- BVN Number
About company
More information about the company Paycom Nigeria Limited
Fast information
Properties of this loan
- Government Enterprise and Empowerment Programme (GEEP)
- Initiative created to boost the Nigerian economy through leverage and access to finance for petty traders
Loan terms
- If you are a petty trader or artisan in Nigeria, and N10,000 can help your business today, then you are eligible for TraderMoni For example, if you are a small kiosk owner, food stuff seller, bread seller, mai shai, wheel barrow pusher, mobile tailor, mobile cobbler, fruits seller, keke rider, etc, TraderMoni is here to help your business to get to the next level
About company
More information about the company TraderMoni
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 9 months
Loan terms
- Bank Verification Number
- 6 Months' Payslips / Bank Statements
- Employment / Work Details
About company
More information about the company E-FINANCE NIGERIA LTD
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 15 months
- No collateral needed
Loan terms
- Valid Identification (Driver’s License, Int'l Passport, National ID Card, Voters Card)
- Recent Passport Photograph
- Personal Details
- Work ID Card
- Employment Details
- Six months Bank Account Statement
About company
More information about the company Fast Credit Limited (FCL)
Fast information
Properties of this loan
- Online loans up to N1.000.000
- Term 1 - 4 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company 3DC Finance Limited
Fast information
Properties of this loan
- Online loans up to N10.000.000
- Term 6 - 24 months
Loan terms
- To access the loan facility You must have a business
- The location must be within our bank’s lending area (Lagos state, Oyo state and Ogun state)
- It must have been in existence within a specific period
About company
More information about the company Baobab SAS
Fast information
Properties of this loan
- Online loans up to N5.000.000
- Term 1 - 2 years
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company Zenith Bank PLC
Fast information
Properties of this loan
- Online loans up to N2.000.000
- Term 1 - 60 meses
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company X3 Leasing Limited
Fast information
Properties of this loan
- Online loans up to N1.000.000
- Term 30 days
Loan terms
- 1 Passport Photograph
- A valid means of Identification (International Passport, Drivers License or National ID Card )
- Your 6 month up-to-date Salary statement of account, to be sent to verification@spotyloans.com from your bank
- Employee ID Card
- Employment Letter
- NUBAN Cheques or Direct Debit Mandate
- BVN Number with associated phone number
- Communication via your official email
About company
More information about the company Spotya Premium Nigeria Ltd
Fast information
Properties of this loan
- Online loans up to N1.000.000
- Term 1 - 12 months
Loan terms
- 18 + years old
- Nigerian citizen
About company
More information about the company QuickCheck
We have compared 47 loans. The last update was made on 21.11.2024 in 4 hours 41 minutes.
Loan calculator
One of the advantages of technological advancements in the money lending world is the advent of a loan calculator. It is an automated system provided as one of the many options/services on a typical online pending platform. This loan calculator is so accurate that It would give you a clear calculation of your loan tenure, interest rate, amount to be repaid per month based on your eligibility and the amount of loan you can borrow in that instance.
For most lending platforms, as you repay your previous loans, especially right on time (without taking extra time), your loan credit limit increases (i.e. the total amount of loan you can obtain increases) and so you may have to use the loan calculator again.
It is expedient to state that before you borrow a loan from a reliable online money lending platform, they should provide you with the loan calculator option first, in order to guide your choice of loan credit limit. Loan tenure reveals in the accurate provision, the amount of money you are to repay per month (well spread across the loan tenure)
General Requirements for loans in Nigeria
After calculating your loan, and knowing all the necessary details of interest and loan period, you should also know the loan requirements. The requirements for obtaining a loan from online money lenders differ based on whether it is an individual loan or a corporate loan.
For individuals:
- Bank Verification Number (BVN)
- Passport photograph
- Address
- Salary account, pension account or tax ID
- Employment letter
For SMEs /Businesses:
- A copy of passport photograph
- A means of identification (this could be drier's license, international passport, national passport)
- Last six-month bank statement of account
- Certificate of incorporation
- Memorandum of association
- Post-dated NUBAN cheques from the client
- A suitable guarantor who would provide the following:
- Letter of confirmation/employment
- One undated NUBAN cheque
- A copy of staff Identity Card
- A filled guarantor form
What a typical loan calculator entails
- Amount of the loan: you get to fill in the amount of money you desire to borrow, based on the amount you are eligible for and the general credit limit set by the platform.
- The percentage rate of interest: in certain instances, you are allowed to select a suitable interest rate just for the purpose of calculation and in other cases, the system selects an interest rate based on the risk involved and the amount of loan you desire to obtain.
- Repayment period in months: this is usually a range of months and you get to select the number of months you desire to repay the loan (falling within the stipulated range).
- Your monthly payment: the loan calculator then automatically calculates the amount of money you would repay per month, based on the amount of loan, interest rate, and loan tenure.
- Your total payment: The system also gives you an authentic figure of the total amount you would repay after the stipulated loan tenure.
- Your interest payment: the interest to be paid is also calculated, which is the difference between the total amount to be repaid and the requested amount of loan.
Virtually all online lending platforms have a loan calculator, that would enable you to make financial calculations in order to make the best financial decisions.
Some of these platforms include:
- Commercial banks with online lending platforms, like Guaranteed trust bank, United Bank for Africa, First Bank of Nigeria plc, Access bank, Union Bank, Fidelity bank, etc.
- Other online lending platforms like:
- LAPO (Lift Above Poverty Organisation)
- Page financials
- C24 etc. This is just to list a few, as it is typical of a reliable online lending platform to have the loan calculator option.
Conclusion: without loan calculators, the act of borrowing money might as well be done with blindfolds on. Loan calculator opens you up to the full details of all your requested loan entails, especially, the amount to be repaid per month and the loan tenure.
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