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APR Range

35.4%

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GTBank

GTBank Salary Advance Personal Loan

Best Value · This loan is ideal for salary earners looking for quick access to funds, particularly in emergencies or for unexpected expenses.
Loan Amount
₦5k–₦5M
Term
1–12 months
Approval
instant

GTBank's Salary Advance offers a convenient way to access funds quickly, but borrowers should assess their repayment capacity carefully.

Salary account holder with 6 months salary history, ₦20,000 monthly lodgement, ₦30,000 net salary minimum, clean credit bureau report
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APR Range

54–195%

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Carbon

Carbon Personal Loan

Best Value · 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.
Loan Amount
₦2.5k–₦1M
Term
2–12 months
Approval
minutes

Carbon Personal Loan offers a quick and convenient way to access funds without collateral, ideal for individuals needing immediate cash.

No collateral; no guarantor; no paperwork
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APR Range

20.0–28.0%

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First Bank of Nigeria

First Bank of Nigeria Personal Loan

Best Value · 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.
Loan Amount
₦200k
Term
6–60 months
Approval
bank review and disbursement to salary account

The First Bank of Nigeria Personal Loan is a robust option for those with a strong credit profile seeking long-term financing. Its established reputation offers peace of mind.

Salary account with FirstBank; employer salary domiciliation letter; minimum documentation; credit insurance premium required
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APR Range

36.0–99.0%

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Branch

Branch Personal Loan

Best Value · This service is best for individuals with limited access to traditional banking who need immediate financial assistance without extensive paperwork.
Loan Amount
₦6k–₦1M
Term
4–52 months
Approval
minutes to 24 hours

Branch offers convenient, no-collateral loans through its mobile app, making it a solid choice for those needing quick funds.

Phone number or Facebook account, ID number, and mobile money or bank account
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APR Range

24–456%

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FairMoney

FairMoney Personal Loan

Best Value · 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.
Loan Amount
₦1.5k–₦5M
Term
1–36 months
Approval
5 minutes

FairMoney offers a quick and efficient way to access personal loans with automated credit scoring, making it a convenient choice for many. However, potential borrowers should consider the interest rates and terms carefully before applying.

Monthly income of ₦1,000+; no collateral; no physical paperwork
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APR Range

30.0–108.0%

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Kuda

Kuda Bank Overdraft

Best Value · This service is best for individuals building their credit and seeking quick access to funds without lengthy approval processes.
Loan Amount
₦5k–₦250k
Term
1–12 months
Approval
minutes

Kuda Bank offers a convenient option for small personal loans through its user-friendly app, ideal for those looking to manage unexpected expenses.

Kuda app account required; monthly installment repayment; no paperwork
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APR Range

48.0%

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Stanbic IBTC

Stanbic IBTC Personal Loan

Best Value · This loan is best for individuals looking for quick access to funds with the ability to choose repayment terms that fit their budget.
Loan Amount
₦100k
Term
6–24 months
Approval
instant approval

Stanbic IBTC Personal Loan offers a straightforward borrowing solution for salary earners with flexible terms and competitive rates.

Salary paid into a Stanbic IBTC account; minimum net monthly income of ₦50,000; credit and affordability checks
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APR Range

60.0%

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QuickCheck

QuickCheck Personal Loan

Best Value · This loan is ideal for individuals looking for quick financing solutions without extensive documentation, especially those building credit.
Loan Amount
₦1.5k–₦1M
Term
1–12 months
Approval
5 minutes

QuickCheck offers a user-friendly loan experience with rapid disbursal times, but borrowers should be cautious of the short loan terms.

No collateral; smartphone app application
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APR Range

25.44–31.8%

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Renmoney

Renmoney Personal Loan

Best Value · This service is best for individuals or small businesses looking to build their credit while accessing loans online through an app or website.
Loan Amount
₦50k
Term
3–24 months
Approval
fast app-based approval

Renmoney offers flexible personal and business loans with longer terms compared to many fintechs, making it a viable option for those needing extended repayment plans.

Digital application through the Renmoney app; identity and income checks may apply
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APR Range

28.5–32.0%

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UBA

UBA Personal Loan

Best Value · This loan is ideal for individuals with strong credit who need quick access to funds for personal expenses.
Loan Amount
₦200k
Term
6–60 months
Approval
Bank review and disbursement to salary account

UBA Personal Loan offers competitive terms with a reputable bank, but eligibility is limited to customers with high credit scores.

Functional salary account and last 6 months pay slip plus bank statement indicating salary inflows
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