Even if you are blacklisted, it is still possible to get loans in Nigeria. See some companies that provide online loans for blacklisted customers.
If you get a loan of ₦100,000 with the term of 1 month, the fee will be ₦5,000 and your total payment will be ₦105,000.
If you get a loan of ₦150,000 with the term of 2 months, the fee will be ₦15,044 and your total payment will be ₦165,044.
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 ₦500,000 with the term of 6 months, the fee will be ₦20,000 and your total payment will be ₦520000.
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.
Yes. Even if you are a loan defaulter and have been blacklisted, loan lenders will still consider your application and approve your loan.
Yes. Loans for blacklisted can pay out within 30 minutes to 24 hours. You can use the loan and repay it within the stipulated time frame.
Yes. You will have to meet some criteria before you can receive a loan for blacklisted. These criteria include getting at least 18, having a Nigerian identity card, a BVN, and an employment letter.
What are loans for blacklisted? These are loans for loan defaulters who have not paid their loans at the deadline or end of stipulated time frame given by the loan lender.
You may have borrowed an instant loan or emergency cash with hopes of repaying the loan before the stipulated deadline, but you could not due to unforeseen circumstances. However, regulatory authorities in Nigeria make it possible for credible loan lenders to report you to the credit bureau with solid evidence.
This report will contain your name and BVN, which denies you access to loans from any loan app or bank in the future.
There are certain criteria to meet to qualify for loans blacklisted. Adding a person to the blacklist ensures that the person can no longer access loans even if they meet other requirements for the loan, but there are still loan lenders who provide loans for the blacklisted. Here are the common criteria for obtaining these online loans:
Different fast loan lenders have their requirements too. Acquaint yourself with these requirements and check if you meet them before applying for a loan.
The risks involved while applying for blacklisted loans affect the loan lender more than the borrower. Lenders run the danger of having their loans not repaid. The borrowers' minimal risks could be higher interest rates for both short-term and long-term loans.
Another risk could be a specific limit to the borrower's access amount. This can lead to limitations like the inability to handle emergencies, and seeking a loan from another loan lender could disrupt the ongoing agreement with the current loan lender.
There are loan lenders that provide loans for borrowers that have been blacklisted. Here is a list of three credible loan lenders that provide loans for blacklisted.
KiaKia gives you access to loans between ₦1,000 - ₦200,000 within one hour with an interest rate of 5%. You can repay this loan in 7 – 30 days without extra legal fees. Normal qualifying criteria apply for this loan, including being above 18 years, having a bank account with your name, and having an identification card. To get the loan, you only need a mobile phone with an internet connection.
Creditville gives you access to loans between ₦100,000 - ₦4,000,000 at an interest rate of 5% within 24 hours. The period to repay this loan spans between 1 – 18 months. The only requirements to qualify for the loan are that you are 18 years old and possess an identity card.
OneFi gives you access to loans between ₦1,500 - ₦1, 000, 000 with an interest rate of 1%. You can repay this loan within 4 – 64 weeks, and it will be accessible to you within 24 hours of applying. The loan, while easy to access even for blacklisted borrowers, has requirements too. You must be at least 18 and have a Nigerian identity card.
You can still get a loan even if you have been blacklisted. These three loan lenders can allow you to access more loans if you could not repay a loan due to unforeseen circumstances but avoid disrupting a loan agreement willingly.