In Nigeria, several platforms offer loans. However, many of these loan platforms take a day or two before disbursement is done on your account. In contrast to this, there are loan platforms that offer disbursement in just minutes. No doubt, you’ll like to know them. In this article, you will read more about this. This article would be covering about 5 platforms in Nigeria where you can get quick loans in minutes and how to apply for them. This article promises to be an eye-opener; don’t miss reading this.
Platforms That Offer Quick Loans In Nigeria
The following are platforms to get quick loans in Nigeria:
1. QuickCredit
QuickCredit is a top loan platform in Nigeria that allows you to borrow quick loans between N5,000 — N3 million. This loan platform is powered by GT Bank.
This loan platform aims to help salary earners borrow money up to three times their salary to sort out bills. With this loan platform, borrowers can repay their loan in 12 months depending on the terms agreed during application.
The duration for disbursement of a QuickCredit loan is 5 minutes after application.
Requirements
Here are the requirements needed to get quick loans with QuickCredit loans:
- Applicants must have an active salary account with GT Bank.
- You must have a good credit score to obtain the loan.
- A Bank Verification Number (BVN) is needed.
- Individuals should owe no debt to GT Bank.
Pros Of Obtaining Quick Loans With QuickCredit
Below are the positives of obtaining quick loans with QuickCredit:
- Eligible for penalty-free pre-liquidation
- This loan offer is only available to non-salary holders.
Cons Of Obtaining Quick Loans With QuickCredit
Here are the negatives of obtaining quick loans with QuickCredit:
- If you do not have a bank account with GT Bank, you’ll not be eligible for this loan.
How To Apply
To apply for the QuickCredit loan, kindly dial *737*51*51# on your GT Bank-linked mobile line.
2. Alat by WEMA
Alat by WEMA loans is one of the fastest loans you can secure in Nigeria. They offer a fast disbursement rate due to their incredible professional service.
They offer loan amounts of up to N4 million to their users who request loans. They are one of the best digital banks that offer loans with nice interest rates.
The duration for disbursement of Alat by WEMA loan is 5 minutes after application.
Requirements
Here are the requirements needed to meet before applying for Alat by WEMA:
- You must possess a Bank Verification Number (BVN)
- Loan applicant must possess a valid means of identification (Driver’s License, Voter’s Card, or government-issued ID).
- A recent passport would also be required.
Pros Of Obtaining Quick Loans With Alat By WEMA
Here are the positives of obtaining quick loans with Alat by WEMA:
- There is no paperwork required to obtain this loan.
- They offer quick disbursement of funds to applicants.
- Alat by WEMA offers a low interest rate.
Cons Of Obtaining Quick Loans With Alat By WEMA
Here are the negatives of obtaining quick loans with Alat by WEMA:
- Applicants are required to be customers of Alat by WEMA.
- The signup process is quite rigorous.
How To Apply
To apply for the Alat By WEMA loan, sign up using the mobile app.
3. Aella Credit
Aella Credit has established its brand on consistency and accuracy. They offer banking services such as payment of bills, loan applications, and airtime purchases.
With Aella Credit, the maximum loan amount that you can borrow is N1 million. The interest rate is also competitive.
The period for the disbursement of the Aella Credit loan is 5 minutes after application.
Requirements
Here are the requirements to obtain a loan from Aella Credit:
- A Bank Verification Number (BVN) is needed.
- Your details should be readily available (Name, DOB, State of Origin, etc).
- A phone number should also be readily available.
- An email address should also be ready.
Pros Of Obtaining Quick Loans With Aella Credit
Here are the positives of obtaining quick loans with Aella Credit:
- Aella Credit offers quick disbursement of loans to customers.
- There is no paperwork required during registration.
- No rollover fees are obtained using Aella Credit.
Cons Of Obtaining Loans With Aella Credit
Here are the demerits of obtaining loans with Aella Credit:
- The loan amount available for first-timers to borrow is low.
- The loan amount that one is eligible to borrow on Aella Credit is dependent on your record on the Aella Credit app.
How To Apply
To apply for the Aella quick loan, sign up using the mobile app.
4. Zedvance
Zedvance is a top loan platform that offers financial aid to small businesses and individuals. Zedvance allows loan seekers to borrow loan amounts of up to N5 million.
Along with that, Zedvance makes it possible for loan applicants to apply for loans through various channels. Thus, fulfilling their pledge to provide financial solutions to all.
The period for the disbursement of Zedvance loans after application is 10 minutes.
Requirements
Here are the requirements for obtaining quick loans with Zedvance:
- A Bank Verification Number (BVN) is needed for this loan.
- A phone number is needed.
- An email address is required in the registration process.
Pros Of Obtaining Quick Loans With Zedvance
Here are the positives of obtaining quick loans with Zedvance:
- Applicants are allowed to apply for loans through multiple application channels.
- Zedvance offers rapid disbursement of loan funds to successful applicants.
Cons Of Obtaining Quick Loans With Zedvance
The following are the negatives of obtaining quick loans with Zedvance:
- There is no loan package on Zedvance suitable for business owners.
- The loan amount available for first-timers to borrow is low.
How To Apply
To apply for the Zedvance quick loan, sign up using the mobile app.
5. Palmcredit
Palmcredit is a well-known fintech platform that offers financial solutions to individuals and businesses. Palmcredit offers its users the opportunity to get loans of up to N100,000. The service at Palmcredit is extremely fast and reliable.
The duration for the disbursement of quick loans on Palmcredit is 3 minutes.
Requirements
Here are the criteria for a quick loan at Palmcredit:
- Your Bank Verification Number (BVN)
- Your bank details.
Pros Of Obtaining Quick Loans With Palmcredit
The following are the merits of obtaining quick loans on Palmcredit:
- Palmcredit offers an extremely fast disbursement rate.
- They allow repayment via online and offline methods.
Cons Of Obtaining Quick Loans With Palmcredit
Here are the demerits of obtaining quick loans with Palmcredit:
- The loan amount for first-time loan seekers on Palmcredit is low.
- The loan application process is quite complex.
- Your employment status would be required before obtaining a loan at Palmcredit.
How To Apply
To apply for the Palmcredit quick loan, sign up using the mobile app.
Conclusion
So far, you’ve been able to see platforms that offer quick loans in Nigeria. Yes, you can get a loan disbursed to your account in minutes! Don’t sleep on this update; kindly share it with your friends and family.