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7 places you can get online loans in nigeria

7 Places You Can Get Online Loans in Nigeria

Taking a loan online has never been easier! Thanks to the endless supply of online financial platforms you can access loans as up to ₦500,000 without stress–talk about amazing. With everything going in the economy right now you must have this type of information because you never know when you might need it. In this article, I’ll be giving you a detailed list of places you can get online loans, their interest rates and their requirements.

Page Financials

page financial online loans

If you’re looking to get an urgent loan in less than 3 hours Page Financials is a great place to start. They disburse loans in less than 3 hours after applying!

Page Financial Loan Requirements:

Here are all the requirements needed to get a loan from Page Financials:

  • Earn a monthly salary (minimum 100k monthly)
  • Submit your bank statement of up to 6-months
  • Live/work in Lagos or Ibadan (bankers across Nigeria can apply)
  • You need a passport photograph
  • A copy of your work ID from or evidence of employment
  • Submit your BVN

Page Loan Interest Rate

The following is how much interest Page Finacial collects on all loans disbursed;

  • Interest rate (3.76%) – Charged Flat Per Month.
  • Management fee (0%)



specta online loans

With Specta you can get loans of up to 5 Million in one transaction all within 5 minutes without collateral, no paperwork or a visit to their office. They offer different packages based on your employment, how much you need. They include SpectaXtreme, SpectaBasic, SpectaPrime, SpectaAllawee and Specta Quick Cash.

Specta Loan Requirements

Unlike other banks or loan companies, Specta does not require you to provide collaterals or paperwork to get your loan approved and disbursed. Once your application is complete, they’ll score it and disburse within 5 Minutes.

Specta Loan Interest Rate

Specta’s loan interest rate ranges between 25.5%-28.5%. Other charges include a one-off payment for Insurance: 2.5%, one-off payment of Management fees: 1%, Repayment Period: 1-12months and Penalty fee- 1%.



kwaba online loan

Unlike the others, Kwaba’s main focus is rental finance. They help Nigerians in Lagos, Port Hacourt & Abuja to pay their house rent in convenient instalments. Instead of paying 1 to 2 years rent in advance, you can spread your rent payment over 6 to 12 months.

Kwaba Loan Requirements

To get a loan from Kwaba, you must:

  • Be above 21 years old
  • Earn above 50 k salary
  • Have a good credit history
  • Submit all necessary identification i.e employment letter, utility bill, bank statement

Kwaba’s Interest Rate

On each loan, Kwaba collects a total of 3.9% interest.


carbon online loans

Carbon is an instant online loan app that gives you instant access to loans in Nigeria. Apart from disbursing loans they also provide their customers with the opportunity to recharge airtime, transfer funds, and pay bills.

Carbon Loan Requirements

Heere’s what you need to qualify for a Carbon loan;

  1. Download and use the Carbon app
  2. Provide your basic details such as name, phone numbers and more
  3. Take a photo of you which you may have to snap real-time with your phone via the app
  4. Bank Verification Number (BVN)
  5. Bank account details
  6. Your ATM card details
  7. A government-issued ID

Carbon Interest Rate

Their rates range from 5 – 15%, and this depends on the loan repayment period and the amount of money you wish to borrow.

Aella Credit

aella credir

Aella Credit is an app-only platform for getting quick online loans in Nigeria. It is designed to help employees access more funds between 1,500 to 700,000. Its loan tenure spans between 1 to 2 months.

Aella Loan Requirement

To qualify for a loan from Allela, you need;

  1. Bank Verification Number (BVN).
  2. Basic information including your name, phone number and email.
  3. Your bank account details.
  4. A photo of you. This will be taken in real time.
  5. Your employee ID card.

Aella Interest Rate

Their The monthly interest rate varies from 4% – 29%. The loan tenor is from 30 to 60 days to pay back.



QuickCheck provides up to NGN 500,000 instant loan online in minutes in Nigeria. However, if you are a first time user, you would only be able to access up to N10,000 for a period of 30 days.

QuickCheck Loan Requirement

Here are QuickCheck’s loan requirements;

  1. Bank account details
  2. Bank Verification Number (BVN)
  3. Good credit score
  4. ATM card
  5. Basic personal information
  6. Employment details
  7. You must be an adult


QuickCheck Interest Rate

QuickCheck’s interest rates range from 2% – 30%, with an equivalent monthly interest rate of 1 – 21%. Their repayment terms state that early repayment of loans guarantees lower interest rates and higher amounts. Additionally, interest on loans is only paid for the number of days you use the loan.



Jumia One

jumia one loans

Jumia One is a branch of Jumia that gives loans to users across Nigeria. Applicants receive funds within  24 hours a day to  7 days. The loans are dispensed via an Android mobile app, with lending decisions provided almost instantly. The normal amount for new loaners is N10k

Jumia One Loan Requirements

These are the requirements that make you eligible for a Jumia One loan:

  • Your bank details
  • Bank verification number
  • A mobile phone with an internet connection
  • The Jumia One app
  • Your application

Jumia One Loan Interest Rate

At Jumia One the interest rate is between 28% – 31%


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Abraham Olaleke

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