Emergency Loans

Emergencies, whether expected or not, sometimes come with needs that must be met with money. This is why emergency loans are offered by many reliable lending platforms in Nigeria — to have you covered in times of emergencies.

In a few steps, with a few clicks on your mobile phone or computer, your loan would land in your account after you must have fulfilled all requirements. Taking an emergency loan may help you navigate unforeseen financial emergencies without regrets — whether dealing with vehicle damage, accidents, or other urgent needs.

General Requirements for Emergency Loans

For individuals:

• Bank Verification Number (BVN)
• Passport photograph
• Address
• Salary account, pension account or tax ID
• Employment letter

For SMEs/Business:

• A copy of passport photograph
• A means of identification (driver's license, international passport, national passport)
• Last six-month bank statement
• Certificate of incorporation
• Memorandum of association
• Post-dated NUBAN cheques
• A suitable guarantor (employment letter, undated NUBAN cheque, staff ID, guarantor form)

Sources of Emergency Loans in Nigeria

Banks: First Bank, Union Bank, United Bank for Africa, Guaranteed Trust Bank

Online platforms: C24, FINT, Palmcredit, Carbon (Pay Later), QuickCheck

Emergency loans typically feature considerate interest rates. Timely repayment increases credit limits. Many lenders offer extended tenures — up to 12 months — with rates as low as 2%.