Compare loan options clearly. Organized notes on rates, terms, and requirements.
Key data
Compare rates, terms, and eligibility from trusted lenders.
Best for
Established businesses with a good credit history looking for significant financial support.
Nigerian registered business
First Bank business account
Financial statements required
APR
—
Term
12–60mo
Amount
₦500k
Best for
This service is best for individuals or small businesses looking to build their credit while accessing loans online through an app or website.
Digital application through the Renmoney app; identity and income checks may apply
APR
25.44–31.8%
Term
3–24mo
Amount
₦50k
Best for
Established Nigerian businesses with a solid trading history seeking significant funding for expansion.
Nigerian registered business
GTBank business account
Minimum 2 years trading history
APR
—
Term
12–60mo
Amount
₦1M
Best for
This loan is best for individuals looking to build their credit scores while needing immediate access to funds. It's particularly suitable for those with a developing credit history.
Monthly income of ₦1,000+; no collateral; no physical paperwork
APR
24–456%
Term
3–36mo
Amount
₦1.5k–₦5M
Best for
Established Nigerian businesses seeking quick funding for operational expenses or expansion.
Nigerian registered business
6+ months trading history
Digital application process
APR
—
Term
1–12mo
Amount
₦150k
Best for
This loan is best for those looking to build their credit score while accessing up to NGN 1,000,000 instantly via a mobile app.
No collateral; no guarantor; no paperwork
APR
54–195%
Term
3–12mo
Amount
₦2.5k–₦1M
Best for
Established SMEs in Nigeria needing significant capital for expansion or operational costs.
Nigerian registered business
Access Bank business account
Business plan required
APR
—
Term
6–60mo
Amount
₦500k
Best for
This loan is best for individuals looking for quick access to funds with the ability to choose repayment terms that fit their budget.
Salary paid into a Stanbic IBTC account; minimum net monthly income of ₦50,000; credit and affordability checks
APR
48.0%
Term
6–24mo
Amount
₦100k
Best for
Established Nigerian businesses seeking substantial funding to expand operations or invest in new projects.
Nigerian registered business
UBA business account
Financial statements and projections
APR
—
Term
12–60mo
Amount
₦500k
Best for
This loan is best for individuals with a high credit rating looking to fund personal projects or consolidate debt over an extended period, benefiting from competitive rates.
Salary account with FirstBank; employer salary domiciliation letter; minimum documentation; credit insurance premium required
APR
20.0–28.0%
Term
6–60mo
Amount
₦200k
Best for
Nigerian entrepreneurs with existing Stanbic IBTC accounts seeking substantial working capital or trade finance.
Nigerian registered business
Stanbic IBTC business account
Part of Standard Bank Group
APR
—
Term
12–60mo
Amount
₦1M
Best for
This loan is ideal for individuals looking for quick financing solutions without extensive documentation, especially those building credit.
No collateral; smartphone app application
APR
60.0%
Term
3–12mo
Amount
₦1.5k–₦1M
Best for
Established Nigerian businesses with solid financial records looking for substantial funding.
Nigerian registered business
Zenith Bank business account
Financial statements required
APR
—
Term
12–60mo
Amount
₦1M
Best for
This loan is ideal for salary earners looking for quick access to funds, particularly in emergencies or for unexpected expenses.
Salary account holder with 6 months salary history, ₦20,000 monthly lodgement, ₦30,000 net salary minimum, clean credit bureau report
APR
35.4%
Term
3–12mo
Amount
₦5k–₦5M
Best for
This service is best for individuals building their credit and seeking quick access to funds without lengthy approval processes.
Kuda app account required; monthly installment repayment; no paperwork
APR
30.0–108.0%
Term
3–12mo
Amount
₦5k–₦250k
Best for
This service is best for individuals with limited access to traditional banking who need immediate financial assistance without extensive paperwork.
Phone number or Facebook account, ID number, and mobile money or bank account
APR
36.0–99.0%
Term
4–52mo
Amount
₦6k–₦1M
Best for
This loan is ideal for individuals with strong credit who need quick access to funds for personal expenses.
Functional salary account and last 6 months pay slip plus bank statement indicating salary inflows
APR
28.5–32.0%
Term
6–60mo
Amount
₦200k