Compare personal loans

Carbon Personal Loan

Personal

APR

54–195%

Amount

₦2.5k–₦1M

Term

2–12mo

• No collateral; no guarantor; no paperwork

Stanbic IBTC Business Loan

Business

APR

—

Amount

₦1M

Term

12–60mo

• Nigerian registered business
• Stanbic IBTC business account
• Part of Standard Bank Group

QuickCheck Personal Loan

Personal

APR

60.0%

Amount

₦1.5k–₦1M

Term

1–12mo

• No collateral; smartphone app application

Access Bank SME Business Loan

Business

APR

—

Amount

₦500k

Term

6–60mo

• Nigerian registered business
• Access Bank business account
• Business plan required

UBA Personal Loan

Personal

APR

28.5–32.0%

Amount

₦200k

Term

6–60mo

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

First Bank SME Business Loan

Business

APR

—

Amount

₦500k

Term

12–60mo

• Nigerian registered business
• First Bank business account
• Financial statements required

First Bank of Nigeria Personal Loan

Personal

APR

20.0–28.0%

Amount

₦200k

Term

6–60mo

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

Lidya Business Loan

Business

APR

—

Amount

₦150k

Term

1–12mo

• Nigerian registered business
• 6+ months trading history
• Digital application process

Branch Personal Loan

Personal

APR

36.0–99.0%

Amount

₦6k–₦1M

Term

4–52mo

• Phone number or Facebook account, ID number, and mobile money or bank account

Zenith Bank Business Loan

Business

APR

—

Amount

₦1M

Term

12–60mo

• Nigerian registered business
• Zenith Bank business account
• Financial statements required

Kuda Bank Overdraft

Personal

APR

30.0–108.0%

Amount

₦5k–₦250k

Term

1–12mo

• Kuda app account required; monthly installment repayment; no paperwork

GTBank Business Loan

Business

APR

—

Amount

₦1M

Term

12–60mo

• Nigerian registered business
• GTBank business account
• Minimum 2 years trading history

GTBank Salary Advance Personal Loan

Personal

APR

35.4%

Amount

₦5k–₦5M

Term

1–12mo

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

UBA SME Business Loan

Business

APR

—

Amount

₦500k

Term

12–60mo

• Nigerian registered business
• UBA business account
• Financial statements and projections

Stanbic IBTC Personal Loan

Personal

APR

48.0%

Amount

₦100k

Term

6–24mo

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

Renmoney Personal Loan

Personal

APR

25.44–31.8%

Amount

₦50k

Term

3–24mo

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

FairMoney Personal Loan

Personal

APR

24–456%

Amount

₦1.5k–₦5M

Term

1–36mo

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