GET Instant Loans Without Collateral In Nigeria
Obtaining Instant Loans Without Collateral OR With Collateral in Nigeria was nearly difficult until the emergence and growth of the FinTech industry, which uses technology to address the daily financial needs of people and small and medium-sized businesses (SMEs).
Whether you need a personal loan, a medical loan, a rent loan, a car loan, an education loan, a business loan, or just to buy some home products, you can get your expenses paid in a matter of minutes, with no worry and without the collateral or guarantor that traditional bank loans require.
In some situations, the loans have interest rates that are lower than those offered by most Nigerian commercial banks.
All of these money-lending applications require two things: your mobile phone number and your bank verification number (BVN). They approve your loan and disburse it to your bank account provided within minutes after you register on the app.
Some online loan applications are handled in as little as 60 seconds, and they are disbursed far faster than traditional loans. This compares positively to the average of around 25 hours spent by small firms filling out documentation at six different traditional lenders before obtaining finance. Owners can be approved in hours and receive money in their account after filling out an online application, but traditional lenders might take anywhere from a few days to a few weeks to make a decision.
Introducing FairMoney App
FairMoney: This lending app gives immediate cash for personal finance, rent, medical emergencies, business, education, and car repairs without requiring collateral or a guarantor.
Fairmoney: Users can borrow money from N1,000 to N150,000 within minutes of application, with repayment terms ranging from 2 to 12 weeks, depending on their creditworthiness.
It also provides business loans to small business owners that want to launch a new company or expand an existing one.
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