Emergency Loans

        Emergency Loans in Nigeria

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.

₦500 000
Loan amount ₦500 - ₦500 000
Interest 5 %
Maturity 30 - 365 days

Fast information

Properties of this loan

  • Online loans up to N500.000
  • Term 30 - 365 days
  • Easy online application

Loan terms

  • 18 + years old
  • Nigerian citizen

About company

More information about the company Migo Technology Services Limited

Borrow from ₦500 with interest from the 5 % Moread

C24

C24  4
₦5 000 000
Loan amount ₦50 000 - ₦5 000 000
Interest 16 %
Maturity 1 - 12 months

Fast information

Properties of this loan

  • Online loans up to N5.000.000
  • Term 1 - 12 months

Loan terms

  • You should be between 22 and 55 years
  • Applicant must live and/or work in Lagos State
  • Be employed (for at least 6 months) and get paid into your bank account
  • Have a good credit history
  • You must have a verifiable monthly income
  • You must have a pension account

About company

More information about the company C24 Limited

Borrow from ₦50 000 with interest from the 16 % Moread
₦500 000
Loan amount ₦1,500 - ₦500 000
Interest 10 %
Maturity 1 - 3 months

Fast information

Properties of this loan

  • Online loans up to N500.000
  • Term 1 - 3 months

Loan terms

  • 18 + years old
  • Nigerian citizen

About company

More information about the company FairMoney

Borrow from ₦1,500 with interest from the 10 % Moread
₦30 000 000
Loan amount ₦50 000 - ₦30 000 000
Interest 4 %
Maturity 12 - 60 months

Fast information

Properties of this loan

  • Online loans up to N30.000.000
  • Term 12 - 60 months

Loan terms

  • 18 + years old
  • Nigerian citizen

About company

More information about the company Union Bank Of Nigeria Plc

Borrow from ₦50 000 with interest from the 4 % Moread
₦2 000 000
Loan amount ₦2 000 - ₦2 000 000
Interest 2 %
Maturity 1 - 12 months

Fast information

Properties of this loan

  • Online loans up to N2.000.000
  • Term 1 - 12 months

Loan terms

  • 18 + years old
  • Nigerian citizen

About company

More information about the company FINT Technology Africa Limited

Borrow from ₦2 000 with interest from the 2 % Moread
₦200 000
Loan amount ₦20 000 - ₦200 000
Interest 5 %
Maturity 7 - 30 days

Fast information

Properties of this loan

  • Online loans up to N200.000
  • Term 7 - 30 days
  • No collateral

Loan terms

  • 18 + years old
  • Nigerian citizen
  • The bank account provided should be in your name

About company

More information about the company KiaKia

Borrow from ₦20 000 with interest from the 5 % Moread
₦100 000
Loan amount ₦5 000 - ₦100 000
Interest 4.5 %
Maturity 7 - 190 days

Fast information

Properties of this loan

  • Online loans up to N100.000
  • Term 7 - 190 days
  • No collateral needed

Loan terms

  • 18 + years old
  • Nigerian citizen
  • Have a smartphone

About company

More information about the company Soko Lending Company Limited

Borrow from ₦5 000 with interest from the 4.5 % Moread
₦50 000
Loan amount ₦10 000 - ₦50 000
Interest 31 %
Maturity 30 days

Fast information

Properties of this loan

  • Online loans up to N50.000
  • Term 30 days
  • Revolving credit

Loan terms

  • 18 + years old
  • Nigerian citizen

About company

More information about the company Rapid Cash Payday Loans, LLC

Borrow from ₦10 000 with interest from the 31 % Moread

        Emergency Loans in Nigeria

Taking an emergency loan may be all that's required of you to go through your brief moments of unforeseen emergencies without regrets. To cater for car damage, accidents, etc., finances must be incurred. So in a case where such needs arise, taking an emergency loan is not a bad idea at all. 

The process is usually straightforward and easy. The online sources are still about the fastest. In a few steps, with few clicks on your mobile phone or computer, your loan would land your account, after you must have fulfilled all requirements.  You should bear in mind that the source of your loan determines to a large extent, the outcome of your loan procurement process; it Is necessary to choose wisely.

General Requirements for Emergency loans

The requirements for obtaining an emergency loan from online money lenders differ based on whether it is an individual loan or a corporate loan. The requirements include:

For individuals:

For SMEs /Business:

These requirements are just on a general note, some may ask for it some may not, but what's essential is that the conditions are basic things you should have or quickly access/present upon request.

Sources of Emergency Loans in Nigeria: 

The sources of emergency loans are fast increasing in number with most of them having ethical requirements. This is unlike several years ago when all that could hasten the collection of loans would probably be the submission of high-value collateral. Nowadays, banks and various lending platforms give out emergency loans on request, without hassle.

Banks that offer emergency loans

Websites that provide emergency loans

Applications that provide emergency loans

As their name implies, emergency loans are to cater for expected and unexpected emergencies, leaving a smile on your face after the brief moment of urgent financial need. They may or may not require collateral from you. Still, you would have to pay the interest together with the loan at a fair rate after the loan tenure. 

Something to note about most of the sources of emergency loans is that their interest rates are very considerate. And as a matter of fact, the more you repay your loan "right on time", the more they increase your credit limit (I.e. the maximum amount of loan you can borrow). 

Also, some emergency loan sources usually give long periods as loan tenure. Some of them are known to give up to 12 months to repay the loan with interest rates as low as 2%. So, even if the loan was procured as an emergency, you get to repay at a good time.

Conclusion

No emergency has the right to leave you stranded when emergency loans could be your succour. It would help you to leave no stone unturned, and then you become relaxed in the face of any emergency that requires your financial input.


Emergency Loans in Nigeria rating: 4.5/5 from 21 votes.

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