List of 15 Top Leading Loan Sites in Nigeria And Their Requirements Interest Rates and How to Apply

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This page will reveal to you the List of 15 Top Leading Loan Sites in Nigeria And Their Requirements Interest Rates and How to Apply. Online loan is gradually becoming a tradition, particularly in this part of the world. The existence of several loan sites has breed competition in the market thereby increasing the risk of online fraud if one is not careful enough.

To get this right,when borrowing money,you will have to consider some agents or factors that should help you get it the right deal. Factors like:

approval time, interest rates, credit score requirements, and
application procedures are key to a successful loan deal.

This also leads us to top 15 money learners with ease on borrowing.

1. LOANSPOT

Looking for a loan site with class? This one is for you. Unlike every other sites out there,loan Spots follow up the process with you, advise you where necessary just to make sure that you are flowing at the right pace.

INTEREST RATES:

With an interest rate of 65%, Just like every other process,its interest rate can be twisted to suite your taste and wallet at the same time satisfy you. This rate depends on what you want; like I said, it is flexible.

However,one needs to be at least 18 years to get access to this and if its several benefits.

You can apply via its homepage, access the ” Get started” button and follow the instructions to the later.

2. RENMONEY

Scared of searching for guarantors? You are surely at the right space. Renmoney does not need guarantor,it also offers a flexible loan tenure. However, this site can not give more than N100,000.

Interest Rates, and Eligibility

In less than 24 hours from when you apply,the loan should be up and running. They charge users 2.8% interest rate each month of your loan time.

To access this you have to be 22years and not older than 59years; a working class; reside in Renmoney accessible area, have a saving or current commerical bank account.

To apply,you would need to fill in your details in the form,what you want,and verify your form.

3. Carbonara

This is one of the most digital loan sites. It gives its users the luxury of time to get access to free loan package. Additionally,as a customer,you can settle your bill,run transfer and recharge your line.

Furthermore,the site charges 2% as interest rate.

To be eligible,you have to be 18years with good have a source on income.

4. BRANCH

Just as the name suggest,it has a long list of benefits. It makes it easy for it’s customers by giving them a repayment duration of 4-40 weeks with a a loan amount of N1,000( minimum) and, N 200,000( maximum)

Interest Rates, and Eligibility

Branch put its users’ integrity as t check before granting them loan. They have an interest fee of 15%-34%

To access this,you must be 18 years with an official source of income.

AELLA CREDIT

Unlike,other loan sites, Its customers must be specifically from Philippines, Nigeria, and Ghana. With a maximum repayable loan of N100000 and a minimum of N2000, AELLA CREDIT ranks among the best. Its beneficial has the luxury of three months to repay the loan

Interest Rates, and Eligibility

It has one of the best eligibility terms in the world: With charges of 4% to 29%; Interestingly there’s no additional fee attached.

To be eligible you have to follow the steps below:

  • Download their app and Register.
  • Check your eligibility status.
  • Make sure you have enough credit score since loans are given based on Credit score.

6 FAIR MONEY

Fair money,just as the name implies,provides instant loans to its users.
It gives moneylenders 1month( minimum) and, 26 weeks(maximum) as its loan term. Usually it approves from N2,500 to N150,000. However,to be “Fair”, new customers have the luxury of N40,000 to borrow from.

Interest Rates, and Eligibility:

Its interest rate ranges from 18% to 30% although this depends on the amount borrowed and the loan duration.

To be Eligible, follow these steps:

  • •Download the app
  • •Register
  • • Input bank details/BVN

N/B: Interest rate depends on your payment timing.

7. MIGO

Do not get it twisted,it is still the “Kwikmoney” you are used to,just a change of name. As usual,this you can access their loans via a USSD code: *561#. Migo’s loan price from any amount to N500,000; with 14-30days deadline payment.

Interest Rates, and Eligibility:

Their interest rate charges depend on one’s repayment reputation and,of course,the loan term. Again its interest rate ranges from 5%- 25%.

To gain access to this,all you need to do is to provide your details in the process of registration.
With charges of 4% to 29%; Interestingly there’s no additional fee attached.

To be eligible you have to follow the steps below:

Download their app and Register.
Check your eligibility status.
Make sure you have enough credit score since loans are given based on Credit score.

6 FAIR MONEY

Fair money,just as the name implies,provides instant loans to its users.
It gives moneylenders 1month( minimum) and, 26 weeks(maximum) as its loan term. Usually it approves from N2,500 to N150,000. However,to be “Fair”, new customers have the luxury of N40,000 to borrow from.

Interest Rates, and Eligibility:

Its interest rate ranges from 18% to 30% although this depends on the amount borrowed and the loan duration.

To be Eligible, follow these steps:

  • •Download the app
  • •Register
  • • Input bank details/BVN

N/B: Interest rate depends on your payment timing.

7. MIGO

Do not get it twisted,it is still the “Kwikmoney” you are used to,just a change of name. As usual,this you can access their loans via a USSD code: *561#. Migo’s loan price from any amount to N500,000; with 14-30days deadline payment.

Interest Rates, and Eligibility:

Their interest rate charges depend on one’s repayment reputation and,of course,the loan term. Again its interest rate ranges from 5%- 25%.

To gain access to this,all you need to do is to provide your details in the process of registration.

8. LYDIA

Lydia is a loan service provider. Its loan can be a access via web and app. The Unique thing about the service is that it can be cancelled within 14 days of applying. It allows users loan up to N150,000 plus, depending on your history with the company.

Interest Rates, and Eligibility:

It has a 3.5% monthly interest charges.

To be eligible,all you need do is to submit a document proof of 6 month and you’re good to go.
New users are expected to file an application via the app to help them Register. With charges of 4% to 29%; Interestingly there’s no additional fee attached.

To be eligible you have to follow the steps below:

Download their app and Register.
Check your eligibility status.
Make sure you have enough credit score since loans are given based on Credit score.

6 FAIR MONEY

Fair money,just as the name implies,provides instant loans to its users.
It gives moneylenders 1month( minimum) and, 26 weeks(maximum) as its loan term. Usually it approves from N2,500 to N150,000. However,to be “Fair”, new customers have the luxury of N40,000 to borrow from.

Interest Rates, and Eligibility:

Its interest rate ranges from 18% to 30% although this depends on the amount borrowed and the loan duration.

To be Eligible, follow these steps:

  • •Download the app
  • •Register
  • • Input bank details/BVN

N/B: Interest rate depends on your payment timing.

7. MIGO

Do not get it twisted,it is still the “Kwikmoney” you are used to,just a change of name. As usual,this you can access their loans via a USSD code: *561#. Migo’s loan price from any amount to N500,000; with 14-30days deadline payment.

Interest Rates, and Eligibility:

Their interest rate charges depend on one’s repayment reputation and,of course,the loan term. Again its interest rate ranges from 5%- 25%.

To gain access to this,all you need to do is to provide your details in the process of registration.

8. LYDIA

Lydia is a loan service provider. Its loan can be a access via web and app. The Unique thing about the service is that it can be cancelled within 14 days of applying. It allows users loan up to N150,000 plus, depending on your history with the company.

Interest Rates, and Eligibility:

It has a 3.5% monthly interest charges.

To be eligible,all you need do is to submit a document proof of 6 month and you’re good to go.
New users are expected to file an application via the app to help them Register. With charges of 4% to 29%; Interestingly there’s no additional fee attached.

To be eligible you have to follow the steps below:

Download their app and Register.
Check your eligibility status.
Make sure you have enough credit score since loans are given based on Credit score.

9. KIAKIA

They deal basically with consistent customers. It also has a direct affiliation with Sterling bank. New customers are given 30days as loan tenure and a minimum of N50,000.

Interest Rates, and Eligibility.

It has a 3.5% monthly interest.

However,to get access,you will have to be a Nigerian of 21years and above; own a Bank account /BVN; a bank statement is needed to confirm your honesty and, you have to have a source of income.

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