Often asked: How To Apply For Loan In Nigeria?

How can I get quick loan in Nigeria?

How to Apply for a Loan:

  1. Visit the JumiaPay Android app.
  2. Scroll down to the ‘Financial Services’ section and click ‘ Loans ‘
  3. Provide all the requested information.
  4. Approval takes a few minutes and you get an email requesting for your details for disbursement.

Which bank gives loan easily in Nigeria?

The GTBank Quick Credit is one loan option from GTBank that is very easy and super fast to get. You get your funds to your bank account within two hours of approval. The more exciting part of this loan is that you only get to dial a shortcode to apply.

Which app gives loan instantly in Nigeria?

Formerly (and popularly) known as PayLater, Carbon Loan is an instant online loan app that gives you access to a loan in minutes in Nigeria. The 3-year old lending app prides itself as “a simple digital finances management platform” that provides instant online loans to help you cover urgent and unexpected cash needs.

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Which bank gives loan easily?

HDFC Bank offers loans with EMIs starting at Rs 2,162per lakh. Check the Personal Loan EMI Calculator to plan your repayment better. It’s easy: Getting a Personal Loan from HDFC Bank is easy, especially if you have your documents in order and you have a good credit track record.

How can I get a 50000 Loan in one day?

Meet urgent funding requirements with an instant personal loan of 50,000 Rupees from Bajaj Finserv. Fulfil minimum eligibility criteria and complete a hassle-free application process to receive instant approval and quick disbursal of Rs. 50,000 loan. Avail the advance without providing any collateral.

Which is the best loan app in Nigeria?

  • Best Instant Personal Loan Apps in Nigeria.
  • PalmCredit.
  • Branch.
  • Migo.
  • Lidya.
  • Renmoney.
  • Carbon.
  • Aella Credit.

How can I get a 5 million naira loan?

In order to receive a 5 million naira loan, you will have to show proof of salary, employment, residence and ID. In most cases, the lender will want you to repay the loan within 12 months, but tenures can be longer as well. Many of our customers apply for 5 million naira loans in order to refinance debt.

How can I get a 20000 instant loan?

How To Apply For Personal Loan With Salary Less Than Rs. 20,000

  1. Share your phone number.
  2. Enter your email id.
  3. Specify your personal loan amount.
  4. Check the ‘I authorize’ tick-box.
  5. Click on ‘Apply Now’.
  6. Have our customer care representative get in touch with your offer details.

How can I get a 20000 loan?

Where to get a $20,000 personal loan

  1. Banks or credit unions: If you’re already a customer of a bank or credit union, your relationship may help you qualify for better terms than what you can find elsewhere.
  2. Online lenders: Online lenders are often the best place to get a personal loan of this size.
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What apps can I borrow money from?

Here are five apps that let you borrow against future earnings, and some less expensive options worth considering.

  • Earnin: Best for low fees.
  • Dave: Best for small advances.
  • Brigit: Best for budgeting tools.
  • Chime: Best for existing customer overdraft protection.
  • MoneyLion: Best for multiple financial products.

Which app gives loan easily?

List of the best instant personal loan apps in India:

App Interest Rate (per month) Minimum & Maximum Loan Amount
IndiaLends 0.9 – 3 % ₹ 15,000 – ₹ 50 Lakh
KreditBee 2 – 3% ₹ 1,000 – ₹ 1 Lakh
NIRA 1.5 – 2.5% ₹ 3,000 – ₹ 1 Lakh
CashE Starts from 1.75% ₹ 5,000 – ₹ 2 Lakh

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Which app gives loan instantly?

LendUp is a Top-Rated Cash Advance App LendUp offers a mobile-optimized site that’s fast, easy, and responsive. Our quick online payday loan application can be completed in less than five minutes, and, in most cases, you’ll get an almost instant decision on your loan.

How much personal loan can I get if my salary is 15000?

HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000.

What is the EMI for 20 lakhs personal loan?

Formula of Calculation of EMI

Loan amount Interest Rate EMI per month
5 Lakh 8.35% Rs. 6,159
10 Lakh 8.50% Rs. 9,847
15 Lakh 8.60% Rs. 13,112
20 Lakh 8.70% Rs. 17,610

Which type of loan is best?

  • Unsecured personal loans. Personal loans are used for a variety of reasons, from paying for wedding expenses to consolidating debt.
  • Secured personal loans.
  • Payday loans.
  • Title loans.
  • Pawn shop loans.
  • Payday alternative loans.
  • Home equity loans.
  • Credit card cash advances.

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