On this page, you will discover an updated list of top latest bank loans in Nigeria without collateral (loan requirement and eligibility, interest rates and how to apply).
Hey there, are you searching for latest bank loans opportunities in Nigeria? Oh! You are searching for places to get loans in Nigeria which does not require collateral.
Getting loans in Nigeria in recent time is way easier than in the past; whereby, you will have to sign lots of papers which also takes days to be completely processed. Nowadays, one can apply for loan and get approved same day.
It all started with the embracement of Fintech apps for loan application in Nigeria since 2017. Later 2017, banks sees the competition and the need to retain their customers which thereby bring about the innovation we have today. Anyone with an approved bank account in Nigeria can get apply for a loan grant from any Nigerian bank and get approved same day.
We brought this content to enlighten you on some of the top best bank loans in Nigeria without collateral. With the help of our listing, you can apply for a loan from selected commercial banks in Nigeria and get approved same day. One important thing is that; you can get a loan with interest rate of as low as 0.03%.
You can continue reading as we review and discuss the list of latest bank loans in Nigeria which does not require collateral.
List of Latest Bank Loans in Nigeria without Collateral
Below you will find a list of banks that offer loans to savings account holders without requesting for anything to be staked as collateral for the loan granted.
Access Bank Loan
Access Bank PLC is one of the best commercial banks in Nigeria which offers loans for both individuals and small businesses without requesting for collateral in return.
Some examples of loans which can be applied for and get approved from Access Bank PLC include;
- Access Bank Personal Loan
- Access Bank Creative Sector loan
- Access Bank Lending Against Turnover (LATO)
- Access Bank Salary Advance Loan (SADV)
- Access Bank Small Ticket Personal Loan (STPL)
- Access Bank PayDay Loan
- Access Bank AutoClub Loans for Vehicle Financing and lots more.
We have a guide which will guide you on various Access Bank loan application processes, interest rates and requirements. You should check it out. Otherwise, you can also use this USSD code *901*11*1# to request for fast loans without collateral from Access Bank.
On the second place we have Guarantee Trust Bank (GTBank) Loan. GT Bank are yet another trusted and reliable commercial bank in Nigeria which offers loans for both businesses and individuals without the need for collaterals.
Some of the bank loan plans offered by GTBank without collateral include;
- GTBank Salary Advance Loan
- GTBank School Fee Advance and Quick Credit
- GTBank Max Advance Loan
- GTBank Premium Advanced Mortgage Loan and others
The complete application process, eligibility and interest rate can be found on this page where we talk about how to apply for GT Bank Loan in Nigeria. We recommend you check it out else, you can dial *737*51*51# to apply for a quick loan from GT Bank.
Fidelity Bank Loan
If you are searching for bank loans in Nigeria without collateral then you shouldn’t miss out Fidelity Bank Loan. Fidelity Bank is one of Nigeria’s top commercial bank and loan provider licensed by the Central Bank of Nigeria to carry out financial services for Nigerians.
They are as well, one of the banks in Nigeria which offers loan without the need of collateral. The following loan plans are available at Fidelity Bank;
- Fidelity Bank Personal Loan
- Fidelity Bank Fast Cash or Quick Loan
- Fidelity Salary Advance/Top-up Loan
- Fidelity Bank Auto Loan
You can simple input the Fidelity Bank USSD code *770*08# and follow the onscreen command to request for a bank loan without collateral from Fidelity.
FCMB Bank Loan
First City Monument Bank (FCMB) is yet another top commercial bank which offers bank loans in Nigeria without collateral request. They offer loans for both individuals and firms. All which is required is that; applicant must have a valid bank account fitting for the loan type he/she is applying for.
Some of the loan types offered by FCMB include;
- FCMB Auto loan
- FCMB Business loan
- FCMB Fast cash or Quick Loan
- FCMB Salary Top-Up Loan
You should access this guide to reveal the complete loan application procedures and eligibility criteria. Other means to try out is by inputting the correct FCMB Bank USSD loan code *329# and follow the onscreen command to request for a loan.
First Bank Loan
First Bank of Nigeria (FBN) is known as one of the leading and oldest commercial bank in Nigeria which is still functional. They are also known as the best bank when it comes to high dollar conversion rates in recent time.
The following loan plans are offered by First Bank of Nigeria without the need for collateral;
- Personal loan
- Student loan
- Business loan
- Agriculture loan
This guide will walk you through on how to apply for a loan zero collateral from First Bank. Other methods is to dial *894# followed by the onscreen command to request for a quick loan. However, we strongly advise you make use of the guide so as to check out other important information about the First Bank Loan.
Zenith Bank Loan
Zenith Bank PLC can also not be left out when talking about bank loans in Nigeria without collateral. Zenith Bank Nigeria is one of the leading commercial banks in Nigeria. The bank was first founded in May 1990 and since then; it was licensed by the CBN to carry out financial services throughout the country.
The following loan plans are being offered by Zenith Bank and can be applied without the fear of collateral request.
- Personal Loan
- Business Loan
- SME loans
- Agricultural Loan
- Pay Day loan
- Education Loan
- Quick/Instant Loan
- Pay My Bills Loan
- Mortgage loan
We have a guide which will guide you on various Zenith Bank loan application processes, interest rates and requirements. You should check it out. Otherwise, you can also use this USSD code *669# to request for fast loans without collateral from Zenith Bank.
UBA Bank is yet another top commercial banks in Nigeria to consider checking out when planning to option for a loan. They offer top notch loans to suit their customers need and most loans offered can be received same day of application. Other benefit is that, you won’t have to provide any of your property as collateral to service the loan.
They offer loan grants ranging from; Personal finance loans, salary advance loan, SMS invoice discounting loan, school fee payment loans and many others.
To apply for a loan without collateral from United Bank for Africa (UBA), all that is required of you is input *919# on your phone and follow the instructions on your screen. You can also download UBA mobile banking app to request for a loan without collateral from UBA.
WEMA Bank Loan
WEMA Bank is one of the first digital banks in Nigeria. However, they now have physical addresses in major cities across the nations. They are also known when it comes to offering heavy and quick bank loans in Nigeria without collateral.
The following loan plans are offered by WEMA without the need for collateral;
- School fee advance
- WEMA Asset Acquisition Scheme and Personal Loan
- Working Capital Loan
- Asset Finance Loan
- Health Loan
To successfully apply for an approved loan from WEMA Bank, all that is required of you is to run *945*65# from the Sim card linked to your WEMA bank account. After that, input the loan type, loan amount, confirm and receive your loan within 10 minutes.
Kuda Bank Loan
Kuda Bank Nigeria has become the digital bank in Nigeria which is hot at the moment. They keep dishing out more updated to their mobile banking application features and functionality.
Presently, all customers can request for a loan and get approved within seconds. They only offer one type of loan and the amount which can be requested is dependent on how frequent you make use of your Kuda Bank account or the total worth of transactions you have performed in the past.
With an interest rate of not more than 0.03%, Kuda Bank loan tent to be the best loaning platform at the moment.
Union Bank Loan
Union Bank of Nigeria is one of Nigeria’s top-rated banks to consider when searching for a loan grant in Nigeria. The good thing is that they even offer loans without collateral which mean you can get a loan from them without you dropping anything to back you up.
The following loan packages are available at Union bank without the need for collateral;
- Salary/Pay day loan
- School Loan
- Travel Loan
- Business loan
- SME loan
- Agricultural loan
- Visa loan
To apply for a bank loan from Union Bank, you are required to input Union Bank USSD code *826# and using the sim card linked to your Union Bank Account. After that, you will be required to follow the onscreen command to request for a fast bank loan which will also be approved within 5 minutes