If you really need a personal loan up to ₦10000, many credible loan lenders can provide loans up to this amount. See how to access ₦10000 loans.
If you get a loan of ₦1500 with the term of 4 weeks, the fee will be ₦1,190 and your total payment will be ₦2690.
If you get a loan of ₦1,000 with the term of 30 days, the fee will be ₦700 and your total payment will be ₦1,700.
If you get a loan of ₦100,000 with the term of 30 days, the fee will be ₦3,500 and your total payment will be ₦103,500.
If you get a loan of ₦500,000 with the term of 6 months, the fee will be ₦39,800 and your total payment will be ₦539800.
The requirements for loans under ₦10000 are comparable to those for other loans. You must be at least 18 years old, have a Nigerian Identity Card, and an active bank account in your name.
Once your application has been accepted, you can immediately or within a few hours get a ₦10000 loan.
Most loan providers who lend this much money do it online without asking for any paperwork or collateral. These loans typically have quick access and low-interest rates if they are secured loans.
Although access to these loans is available online and at physical microcredit banks, due to the rate of technology advancement, most people now choose to acquire these loans online or through mobile applications. In addition, many loan platforms provide loans with minimum amounts of ₦10000, minor or moderate interest rates, and flexible payback schedules.
Unsecured loans for ₦10000 with low-interest rates are difficult to find because loan providers prefer to work with customers who have a solid credit history. The interest rates are high if the borrower is blacklisted. Here are some typical requirements for obtaining a personal loan up to ₦10000:
Some loan lenders take advantage of this and demand high-interest rates, especially for unsecured loans or loans under ₦10000, because they can be regarded as short-term, rapid emergency loans. The short repayment period may also be a danger. Some loan providers may be flexible, but others may be adamant about tight requirements.
There are ₦10000 loans you can access with moderate interest rates. Here are the three best loans you can apply for now:
PennyLender
This loan platform gives you access to online loans from ₦10000 at a 4% interest rate. This means you have to pay ₦10400 at the end of the repayment period, which spans between 1 – 18 months, without unauthorized deductions from your bank account until the waiting period is over. This loan lender requires no collateral and can be accessed within 2 hours.
Credit Direct
Another loan lender that gives you access to online loans from ₦10000 at an interest rate of 0%. This means that you only have to pay the loan at the end of the repayment period, which spans between 1 – 12 months, without unauthorized deductions from your bank account till the repayment period is over. Moreover, this loan requires no collateral and can be accessed within 24 hours.
Rapid Cash
Rapid Cash gives you access to online loans from ₦10000 at an interest rate of 31%. This means that you have to pay ₦13100 at the end of the repayment period, which spans 30 days without unauthorized deductions from your bank account till the repayment period is over. This loan lender requires no collateral and can be accessed within 24 hours.
