Loans can now be obtained within minutes instead of weeks with technological advancement from any credible online loan lender. See platforms to get loans in minutes.
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. These loans are usually short-term, and the online application process is online with no paperwork or collateral.
The criteria of these loans may vary depending on the money lender, but some common criteria apply for these loans that are the same as other loans. For example, common criteria include you have to be at least 18 and have good creditworthiness.
These loan applications can be completed online without turning in collateral and involve no paperwork. Approval can be done within a few minutes, and pay-out follows immediately.
These are instant loans that you can get access to quickly. You are getting the pay-out at most within minutes of applying for the loan online. These quick online loans ensure you get the money as soon as possible.
The application process for these loans takes place online and involves no paperwork or collateral. Usually, these loans are not large amounts of money that you can pay within months or years but short-term loans that may carry high-interest rates and can be approved quickly.
There are some criteria you need to make sure you meet before you qualify for loans in minutes in Nigeria. These criteria may differ depending on the loan lender, but there are some standard criteria you can check to see if you meet before searching for more loans online. Here are some common criteria to look out for:
When you need a loan in minutes, you might not be concerned about the risks involved or the terms of the loan lender. However, there are risks that you need to know about before applying for quick online loans.
The interest of these loans can be very high and go up to 60%. This is because the loan lenders know that you need the loan as soon as possible. The risk lenders face the possibility of the borrower defaulting on the loan and not paying. The loan lender could report the defaulter to regulatory bodies in Nigeria, and the borrower will be blacklisted.
You also have to ensure that the loans can be paid out immediately when needed and not after they could have been helpful. If the loan lender is not licensed according to the Nigerian money lending law rules, it could cause many problems for you.
You can access credible online loans in minutes without falling into the hands of loan sharks or fraudsters. Here is a list of three credible loan lenders you can collect fast loans online:
KiaKia
You can access loans between ₦1,000 - ₦200,000 within one hour. An interest rate of 5% applies. You can repay this loan in 7 – 30 days without extra fees. Qualifying criteria apply for this loan, including being above 18 years, having a bank account with your name, and having an identification card. Because the application is only available online, you need a smartphone with an internet connection.
QuickCheck
QuickCheck allows you to access any loan amount, as long as it is 30% of your monthly income. Depending on how long and how big the loan period is, interest rates might range from 1% to 21%. You can get a loan in 5 – 10 minutes with just a smartphone and the QuickCheck App. Your ability to receive higher loans increases as you maintain your credit score and pay previous loans on time.
FairMoney
This long-time loan platform allows you to borrow between ₦10,000 - ₦500,000 in 2 minutes with a 10% interest. This loan's maturity spans 1 – 3 months, depending on the amount collected. Primary criteria for this loan include being a Nigerian citizen and 18 years old.
There is no need to bother about having to wait weeks and go through a very stressful process of applying for a loan at a physical institution. Instead, you can use any of the three platforms to collect loans online.
