How to get Loan in Nigeria without collateral 2017

This article contain how to get Loan in Nigeria without collateral 2017

For some good reason you may want to obtain loan in financing your business, solving medical issues, or even for studying. Especially the current state of Nigeria economy is promoting many small and medium seeking the assistant of loan to keep on going. That is why we have put together this article how to get loan in Nigeria easily. Many banks of Nigeria offer loan but really not helping the growth of small and medium business, as their mode of obtaining loan involve collateral. You maybe asking how do i get soft loan without collateral. i hope this article will help you go a long way.

Loan in nigeria

How to get loan in Nigeria and sources that offer soft loan in Nigeria.

There are so many sources to get soft loan in Nigeria but in this article we will be listing only few that worth our trust, they don’t ask for collateral, you can be paying back due to agreement.

Many Organisation have developed a co-operative society to help in efferent challenges and in other to benefit from those corporate society you must join be a member, this mean for you to be able to obtain their soft loan you definitely have to join them. Joining this co-operative society doesn’t really a sweat, it easy and you are not required to deposit thousands.

Micro finance bank

Micro finance is first among all that offer soft loan in Nigeria without collateral, micro finance bank is a financial institute feared for low income earners. They offer small and medium business loan without collateral but with little interest upon it it pay back. They are fair enough assisting small and medium businesses loan to grow better without collateral or much stress.
Note: It will be more easier to get loan from micro finance bank than commercial banks if you have any business involve with. They There is however, a signed agreement capturing a required paid agreed and photo short upon release is been required for maximum evidence of agreement.

ALSO READ:  7 Ways How you can get Money to Start a Business in Nigeria

We personally recommended micro finance because we have transact with them and they where even much too fair with us. They are good if you can keep to your agreement.

Federal Government Agencies

It seem also easy to get a soft loan from federal government agencies. This aim of this agencies is to offer people venturing to agriculture loan in other for farmers to archive the goals. The federal government has severally schemed of the opportunity of soft loan to people venturing to agriculture. At the present situation of this Nigeria the government are looking for those who are ready to go into agriculture, in other to develop or exportation, in bringing back the value of Naira. Farmers can easily obtain soft loan from the government without collateral and they are allowed to payback in due time based on the agreement. All you have to do is find scheme for small businesses and you will be able to get a soft loan from Government agencies without collateral

Business Angels.

Business angels is another agencies that offer soft loan without collateral. They are not well recognized due to their lack of advertisement and appropriate marketing. Their loan get more easier but dealing with them is based on trust. We haven’t deal with them bus have contacted them severally and make some hard inquires from them, and according some of their testimonials they seem to appear good. Since you are not paying to get loan and you won’t be required of collateral definitely you can give a try because you have nothing to loose despite you meet up with pay back agreement.

ALSO READ:  How to Start Business With no Money in Nigeria

Revolving Loan Schemes

Revolving loan scheme is a scheme that have been in existence for long now. it commonly find every where. In Delta and Yoruba it been called “Osusu”, hausa known it to be “Adashe”, while in Igbo is called “Utu”.
This is a form of co-orpretive meeting, a compose group of trusted member who pull funds together in weekly or monthly. Each member contribute an agreed amount daily or weekly. This join many trusted people together in contributing a sum amount monthly or weekly, and at the end of every agreed time the lumb sum is given to one person. This how it will gradually get to the turn of every member of the co-operative before the end of a year. You can obtain collateral free loan from this source easily.

ALSO READ: List of Small Businesses to Start in Nigeria with #5,000 or #10,000 Naira

This is all aspect of How to get Loan in Nigeria we could cover on this article, as mentioned above this are the only reliable collateral free loan sources that we trusted for now. we will keep refreshing this post to stay up to date.

The Author



Add a Comment
  1. I need a loan of $1500 or #500,000 naira only this is my number +2348069043680

  2. do you need an urgent loan?
    So kindly give me a call on +234 9062357166
    Or whatsapp me ok.

    1. I need a loan of $1500 or 500,000 naira. Kindly help me. Thanks

  3. place I need a loan of 10000 for business

  4. Contact Mr Harri Ben, a private money lenders and also a real estate
    management. Here comes a good loan offer for all those who needs Financial
    assistance at a low rate of 3%. With Red Cross loan Improvement, you can
    say goodbye to all your financial crisis and difficulties. We give out
    loans of any amount. We fight financial crisis and to give a room for
    bright future in our society as we do our business .If you are interested
    you should indicate your interest and we shall assist you in securing your

    Apply with details.

    1. Your names:
    2. Amount Needed:
    3. Your country:
    4. Loan Duration:
    5. Your address:
    6. Phone Number:
    7. Monthly Income:
    8. VALID ID:

    9. Occupation

    10. Monthly incom

    (International or National)

    Contact Person: Mr Harri Ben
    E-mail: [email protected]

    1. good afternoon…. pls I am in need of a loan of 500,000 which I will pay back in 4 months…. thank you, my number is 08107202378

  5. Good evening sir pls I am in need of loan of 300;00 my number is 07068986666

  6. do you need an urgent loan if yes email us @ [email protected] for funding

  7. Hello Here!!

    Am a private loan lenders, who help people in needs such as the financial help.
    So if you are going through financial difficulties or have any financial mess up,
    need funds to start your own business or need a loan to settle your debt,or to pay your bills,
    start a nice business and you are finding it hard to obtain capital loan from
    local banks, contact us today email [email protected]
    “Please do not let this opportunity pass you by”.
    Apply now, make that step to become that Richer Man or Women now.

    E-mail:[email protected]

    1. Please I need load to help myself in school , can you help me?
      This is my number

    2. Akpo Peter Abetiabe

      Please i need loan of 500,000.00 to 1million so that i can start my music career and i’ll payback in one(1) year thanks.

    My Name is clinton john i work with Quick loans finance a legitimate and reliable loan company located in Detroit,Us. We currently give out loans at low interest rate of 2.5% and with no credit check,we offer personal loans, debt consolidation loans,venture capital, business loans, education, home loans or “loans for any reason, from $ 1,000 to $ 1 million range. However, our method allows you to specify the loan amount needed and duration you can afford it, it gives you a real chance to get the funds you need! If you are interested, contact via Email:([email protected]) Thanks…

    1. good afternoon…. pls I am in need of a loan of 500,000 which I will pay back in 4 months…. thank you, my number is 08107202378


    2. I need a loan of N100,000.00 within 3 days to be paid in two months. kindly help if you can.
      my number is 08147378246

  9. Do you need an urgent loan to finance your business or in any
    purpose? we are certified and legitimate and international licensed
    loan lender We offer loans to Business firms, companies and
    individuals at an affordable interest rate of 3% , It might be a short
    or long term loan or even if you have poor credit, We shall process
    your loan as soon as we receive your application. we are an
    independent financial institution. We have built up an excellent
    reputation over the years in providing various types of loans to
    thousands of our customers. We Offer guaranteed loan services of any
    amount to citizens and non-citizens we offer easy personal loans,
    commercial/business loan ,loan for investments,car loan, leasing/equipment finance, debt
    consolidation loan, home loan, and many More, for all citizens and non-citizens with
    either a good or bad credit history.

    if you are interested in getting an urgent loan kindly contact us on our email now at [email protected]

    thanks and god bless.

  10. Please I need a loan of 2million naira to expand my poultry farm.I will be repaying it installmentally for a period of 12 months.Thanks

    1. They are all scam bro. They will ask you to pay for insurance and you will never see any loan beware bro.

  11. Attention Please:Are you worry about you debts Are You Financially down ? Do you need a loan to pay off your bills or buy a home Or Increase your Business ? Apply for a loan now and get approved. We offer all kinds of loan at a reduced interest rate of 3%. Our loan program is very direct and flexible as Your Satisfaction and Financial Success is our Aim. IF INTERESTED, for more info do contact us now via Email: ( [email protected])

  12. Hello!!!
    Do you need a loan if yes contact us on ([email protected])

    1. good afternoon…. pls I am in need of a loan of 500,000 which I will pay back in 4 months…. thank you, my number is 08107202378

    1. I need a loan, this is my number 07088949800

  13. Hello… Pls I need a loan of 900k for 12months and I can pay back with interest but the problem here is that they are asking me to pay before I get the loan and still they will not give me. Pls can someone tell me where I can get a sincere loan lender than all this scam here

    1. Try paylater

    1. Pls I need loan to start up my businesses

  14. I need an urgent loan to start up a good beainiess

  15. I like to share my investment for people with financial needs, I can give loans from € 5000 to € 15 million or even more to know that we are in particular, my annual interest rate of 2%, applies regardless of the amount, Duration, is From 1 to 15 years, of course, depending on the amount, because for me lent in supporting the family in good faith in the urgent need to participate to establish the end of some concern.
    Get in touch with me.
    For more information, please contact me at [email protected], to inform me and know my particular among the conditions of financial credit offer are very reliable and very safe.
    Mr. Anton Alfons. Waiting your reply.

  16. Have you be denied of a loan from your bank or any Financial Firm? *Do you need a loan to pay off your bills or buy a home?* Do you need a loan to start up a business?. Make your dreams come through by contacting John Financial Loan Firm, we give out loan with an interest rate of 3% per annual, With the Minimum amount you can borrow is 2,000.00 to Maximum of 20.Million for more information regarding this loan do get back to us so that we can proceed further.Email:[email protected]

  17. Dear Valued Customer
    Are you a businessman or woman? Are you in any financial stress or do you need funds to start up your own business? Do you have a low credit score and you are finding it hard to obtain a loan from local banks and other financial institutes?
    a) Personal Loan, Business Expansion.
    b) Business Start-up and Education.
    c) Debt Consolidation.
    d) Hard Money Loans.
    However, Our method offers you the chance to state the amount of loan needed and also the duration you can afford to complete the loan repayment with an interest rate of 2%. This gives you a real chance to get the funds you need. Interested Applicants should contact us via email [email protected]

  18. Pls I need an urgent loan of 1,000,000 but I have no collateral and cost of transfer would pay after d loan is it possible need an urgent reply pl

    1. Do you need an urgent loan to pay your bills or start a business country us today at ‘[email protected]

  19. Do you need a loan? Do you want to pay up your bills? Do you want toexpand your business? All you have to do is to get back to us for moreinformation on how to get started, and you will get ? Loan you desire.This offer is open to all, that this info below must be returned ontime. Please note that the terms of our loan is 3% interest rate. Youmust provide us the requested info below as it enables us to provideyou with the credit terms you enter to inform the exact loan amount.if Interested in a loan from our company. you are requestedto fill the info provided below and get back to us for the proceed ofyour loan transaction.Fill Out This Information Below:Loan application form {online}1) Name:—————————-2) Country:————————–3) Occupation:———————4) Marital status:——————-5) Valid Phone number:———-6) Monthly income/Loan duration:—————7) Address:———————————————8) The purpose of the loan?:———————–9) Loan amount required:—————————10)Have you applied for a loan before?:——–E-MAIL:[email protected]

    1. I need urgent loan of #100.000 thousand for my business, and i want you to help me, i will pay back in two month time.

  20. Am from south Africa…i saw this comment on positive blogs and i will love to tell everybody how my status changes to negative, and am now a living witness of it and i think its a shame on me if i don’t share this lovely story with other people infected with this deadly virus…,hiv has been ongoing in my family… i lost both parents to hiv,. and it is so much pain ive not been able to get over.. as we all know medically there is no solution to it..and medication is very expensive. So someone introduced me to a native medical practitioner in Africa. I had a job there to execute so i took time to check out on him. I showed him all my tests and results.. i was already diagnosed with hiv and it was already taking its towel on me.. i had spent thousands of dollars so i decided to try him out…i was on his dosage for 6 weeks. although i didn’t believe in it, i was just trying it out of frustration… and after 2 weeks, i went for new tests… and you wont believe that 5 different doctors confirmed it that am negative. It was like a dream,, i never believe aids has cure. Am now negative, am a living witness. I don’t know how to thank this man… i just want to help others in any way i can have joined many forums and have posted this testimonies and alot of people has mail and called this man on phone and after 2 months they all confirmed news took it live and every.. hope he helps you out.. everybody saw it and its now out in papers and magazines that there’s native cure for hiv and all with the help of this man,,have tried my own parts and all left with you,,if you like take it or not..god knows have tried my best. About 97 people have been confirmed negative through me..and they send mails to thanks me after they have been confirmed negative, this man is real. Don’t miss this chance,,hiv is a deadly virus, get rid of it now.. [email protected] or call +2347036719427

  21. Are you in a huge financial crises and you need urgent help? Charity
    Corporation Africa has given each and everyone a chance to get a happy life
    and invest and make more money!!! We offer fast and easy approval for
    capable customer and a low interest rate of upto 3% interest rate.
    Interested persons can contact us on this email
    below:[email protected]

    1. Interesting. So much, I will be greatful, if I am able to get iy

  22. HELLO

    i got your email and the content was well noted to me okay, so i
    just want you to know that as soon as you make the 4,000.00 Ksh you
    will get your loan transfer to you via western union money transfer
    immediately the payment is been sent and confirm, i await your fast
    payment so that the bank can make your loan transfer to you, act
    fast okay
    Receivers,Name: OMOROGBE VICTORY
    Receivers, country: NIGERIA
    Receivers,State: EDO STATE
    Test Question: WHEN
    Test answer : NOW
    Amount To Be Sent:4,000.00 Ksh
    As soon as the payment is made through WESTERN UNION* , you are
    required provide us with the following information:
    Sender’s Name:
    Sender’s Country:
    Sender’s State:
    Sender’s City:
    Mtcn Number ( Money Transfer Control Number )
    Amount Sent:
    WESTERN UNION Reference Number( 10 Digit)Mtcn
    Upon the received of this information, we shall
    immediately complete the transfer of your Loan without further delays.
    Hopefully await for your email. Thanks and God Bless

  23. Do you need an urgent loan to pay off bills if yes kindly email us on : contact deleted by admin

  24. No need for loans, go and invest here if you have a Perfect Money account

  25. pls I need a loan of 5m to Start my farm. pls can I get any info? sure link pls

  26. pls i need a loan up to 5m to start my farm. any info pls? sure link pls

  27. Hi hear comes an affordable loan of your chose by Mrs Agnes loan company she offer loan of any amount you want of 2% rate via ID CONTACT DELETED BY ADMIN

  28. Do you need a quick and convenient loan for personal or business use??? kindly contact CONTACT DELETED BY ‘SEROME’ for more info……..

  29. Are you in a huge financial crises and you need urgent help? Charity
    Corporation Africa has given each and everyone a chance to get a happy life
    and invest and make more money!!! We offer fast and easy approval for
    capable customer and a low interest rate of upto 3% interest rate.
    Interested persons can contact us on this email

  30. pls i can get 30k loan how mush i will pay back

  31. Please I need good loan for my business, am into organic agriculture.
    Here is my contact…08094514349

  32. Pls am Kofo, I need a loan of 3,000,000 to startup my business.. but I have no collateral. But I don’t mind getting interest.. 08077832795.. thanks

  33. Oladipupo Olalekan R

    I Oladipupo, from Ogun State, one of 50young farmers in Ogun state, pls since earlier last year we hav well trained, we have got 100Hectares of land for crops but we need loan of #8million, though we are process some but collateral is delaying ous, pls we need this money to Buy Tractor, Lease Land, Input among others, pls we dont want to waste 2017 now we supose to have start clearing d Land. Pls send me details of how we can get this Loan without collateral, Interest charges, Refunding duration, Office Address and Others. Now. Thanks my email is [email protected]. Thanks

  34. apply for Xmas loan now @ …

  35. Hello sir,honestly i need an urgent loan establish a bussiness that will get me out financial defficulties.

    1. Hello sir,honestly i need an urgent loan establish a bussiness that will get me out financial defficulties.

    1. Ogechukwu Judith Mowah

      I am in need of some money to start up a business about #8,000,000 to have my own school

      1. Your own better pass. Me na ordinary 80k i need yet i no see. The ones wey i see dey like signing death warrant. And cheating dey korokoro sef



  38. commend deleted by admin

  39. APPLY FOR A LOAN NOW AT 3% VIA THIS COMPANY EMAIL: (deleted by admin


  41. PLease, I am looking for a place to get loan for farming.
    I will need up to five hundred thousand naira for farming.

      1. How true is your loan Mr. Mark?

  42. I can agree to any other thing but for help to get these money i don’t think it will ever work not from you?

  43. Please i need a loan of 1.5million for expanding my auto parts business.please how i can get it from a micro fianance or an angel donor. I stay in akure ondo state

  44. i need a loan to facilitate a 5000 capacity layers farm. who or where do i go to be able to get this kinda loan sir?

      1. How true is your loan Mr. Mark?

  45. Madukpe, Victor Solomon

    Pls I am an Abuja based business man. I need N200,000 soft loan without collateral and to pay back after 3 months

  46. Please, l need 400,000 loan to set up a business. How can get one without collateral?

  47. if you need a loan email

    1. I need 70000 for business

  48. thanks for the help of loan

  49. The Central Bank of Nigeria (CBN) has approved
    disbursement of about N75billion as loan to
    farmers,business in
    the 36 states and the Federal Capital Territory
    under the Nigerian Incentive-Based Risk Sharing
    Agricultural Lending (NIRSAL). NOTE LOANS
    (100,00) AND MAXIMUM
    OF TWENTY MILLION NAIRA (1,000000.00) .

    1. I’m also interested in a business loan. I have collateral if needed.

      1. If you have a collateral then try some of the Nigeria banks if their interest rate if not too much for you. Try to meet with micro finance bank.

  50. I need a loan of N150,000, which microfinance is the best option, pls help

    1. have u approach micro finanace bank abt it. do if you have not.

  51. I need a loan for agriculture please how do I get loan from business Angels?

  52. Hello my name is samsul for the past two years money have not been easy but thanks to a good friend of mine who help me with a loan form the on going FEDERAL.GOVERNMENT.2016/2017.EMPOWERMENT.LOAN.FOR.ENTREPRENEUR.(NATION.WIDE.)in Nigeria now my business is growing daily all thanks to Alex who helped me out this is a life time luck to anyone who need it. contact him on his via email [email protected] com good people of nigeria

  53. i need about #20,000, for my business, with no collateral, PLEASE which Bank can i get it from, i only have ECOBANK.

  54. i don’t know, am a boy of 22yrs and i have this business plan that i want to carry out but i don’t have the capital to start the project,i don’t know if i go to this money lending firms would they be able to accept me and give me what i requested for?

  55. thanks, please which micro finance bank can i apply for a loan of 500k with good interest

  56. please how can we meet the business angels in Nigeria

  57. Please I seriously need a soft loan of 1.5m for the establishment and farming of 5000 fish fingerlings, grass cutter rearing and 1000 birds ( chicken). I have available land and booming market proximity, Aba-Umuahià-Uyo and Portharcourt
    Please direct me to a donor or lender. My phone numbers are: +2348132838212 and +2348095880042

    1. Try to approach banks. You will surely get good respond if you have something to give as collateral.


    Banks take into consideration dozens of factors when reviewing a loan application and it can be difficult to fit their exact criteria and get approved. However, there are still options out there for you. Here are 2 alternative options you can pursue that may help you find exactly what you’re looking for.

    (1)Small Business Administration (SBA) Loan Programs
    While the government is not the direct lender, it works with microloan providers, banks, and other institutions both local and international and supports entrepreneurs by laying down certain regulations for the lending procedures. You can choose from the SBA 7(a) Loan, equipment loans, short-term loans, and more.

    (2)Alternative Finance Sources
    There are several lending institutions that offer small business loans without the strict criteria that banks have. They may be open to funding your business loan despite low credit scores, lack of collateral, or insufficient monthly revenues.

    Banks are no longer your only option to obtain working capital; and you don’t need to wait for long processing times or submit elaborate paperwork to get approved. Instead, consider using one of the many alternative lending institutions so you can get the small business loan that best fits your business and its needs.
    Whether it’s an SBA loan you’re after, or an alternative finance source, KIVA GLOBAL FUNDING can help you wade through the options and get you the loan you need.

  59. I have used micro finance bank before, i even have account with and their loan is a bit easy to get. My problem with them is not getting a loan of up to 1 million, business folks are not after 60,000 to 500,000. For me i need good loan of up to 5 million and i will pay back within 18 months, my intention is remiting 250,000 monthly. I don’t really care if collateral is required or not, i have a house and land in a develope enviroment in which i can use as collateral. Please any idea which service i can archive this loan from. And if posible any individual loan me this amount. I hope to get urgent relivant reply pls.

    1. Soon we will be posting an article on how to get huge amount of loan from some nigeria banks without huge collateral

  60. Please how can i meet with the business Angels?

    1. Hi @Sarah please can you make ur question specific and more clear a little bit clear? So we can answer your question.

    2. We will be posting their number here soon after granting permision to.

  61. I have a question, but i notice no answer given to those above. Will this site be kind enough to answer some of this qeustions?

    1. You are free to ask your questions, we are here to respond to you your question soon as posible

  62. Thanks a lot informationhood, please where can someone find the Federal Government Agencies in my state, or should i go to the area cancile here?

    1. go to your local government secretariat to get that done

    2. Hello my name is samsul for the past two years money have not been easy but thanks to a good friend of mine who help me with a loan form the on going FEDERAL.GOVERNMENT.2016/2017.EMPOWERMENT.LOAN.FOR.ENTREPRENEUR.(NATION.WIDE.)in Nigeria now my business is growing daily all thanks to Alex who helped me out this is a life time luck to anyone who need it. contact him on his via email [email protected] com good people of nigeria

  63. wow thanks a lot, i have been going to first bank for over two weeks now without any positive result, please can micro finance bank release up to 1m for a paybacj withing a peried of 1year? what is the mood of payback. please help, and i appreciate if drop some of their number which you listed here. i reside in Ogun state, i will like to try micro finance.

    1. sorry for la reply, you can easily go to micro finance bank and open an account with them, they will tell you the total process of getting loan. micro finanace bank is almost in evry city of Nigeria

Leave a Reply

Your email address will not be published. Required fields are marked *

Information Hood © 2016 - 2017 Follow us on Facebook