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Loan ₦20K – compare offers

Need a loan for ₦20,000 and would like to have the option to select between a bank and non-bank institution? Comparing loans of different value, whether it ranges can make it easier to determine what you may need either immediately or in the near future. Maybe you require a smaller loan that has 0% interest and would take up to 30 days to reimburse?

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₦5,000 ₦10,000 ₦20,000 ₦50,000 ₦100,000 ₦200,000 ₦500,000 ₦1,000,000 ₦2,000,000 ₦5,000,000
Lender Amount Interest from Term Approval Rating Action
FINT FINT
₦2K – ₦2.0M 2.00% to 10.00% 1 – 12 months 24 hours ★★★★★ 4.5 Details Apply ad
KiaKia KiaKia
₦20K – ₦200K 5.00% to 5.00% 1 – 1 months 1 hour ★★★★☆ 4.0 Details Apply ad
Sokoloan Sokoloan
₦5K – ₦100K 4.50% to 15.00% 1 – 7 months 5 minutes ★★★★☆ 4.0 Details Apply ad
PennyLender PennyLender
₦10K – ₦5.0M 4.00% to 4.00% 1 – 18 months 2 hours ★★★★★ 5.0 Details Apply ad
Migo Migo
₦500 – ₦500K 5.00% to 5.00% 1 – 12 months 5 minutes ★★★★★ 5.0 Details Apply ad
Carbon Carbon
₦2K – ₦1.0M 1.00% to 4.00% 1 – 16 months 24 hours ★★★★☆ 4.0 Details Apply ad
FairMoney FairMoney
₦2K – ₦1.5M 10.00% to 30.00% 1 – 3 months 2 minutes ★★★★★ 5.0 Details Apply ad
OneFi OneFi
₦2K – ₦1.0M 1.00% to 25.00% 1 – 16 months 24 hours ★★★★☆ 4.0 Details Apply ad
Access Bank Access Bank
₦10K – ₦5.0M 4.00% to 4.00% 1 – 36 months 24 hours ★★★★★ 4.5 Details Apply ad
Sterling Bank Sterling Bank
₦10K – ₦5.0M 5.00% to 5.00% 1 – 60 months 24 hours ★★★★☆ 4.0 Details Apply ad
Pettycash Pettycash
₦5K – ₦50K 12.00% to 12.00% 1 – 1 months 1 hour ★★★★☆ 3.5 Details Apply ad
Aella Aella
₦2K – ₦1.0M 6.00% to 6.00% 1 – 3 months 2 hours ★★★★☆ 4.0 Details Apply ad
Zedvance Zedvance
₦1 – ₦5.0M 3.50% to 3.50% 1 – 18 months 24 hours ★★★★☆ 4.0 Details Apply ad
Specta Specta
₦10K – ₦5.0M 5.00% to 5.00% 1 – 60 months 5 minutes ★★★★★ 4.5 Details Apply ad
Quickteller Quickteller
₦1K – ₦1.0M 2.00% to 2.00% 1 – 12 months 24 hours ★★★★★ 4.5 Details Apply ad
Credit Direct Credit Direct
₦10K – ₦5.0M 0.00% to 10.00% 1 – 12 months 24 hours ★★★★★ 5.0 Details Apply ad
JumiaPay JumiaPay
₦1K – ₦100K 3.50% to 3.50% 1 – 1 months 2 hours ★★★★☆ 3.5 Details Apply ad
RapidCash RapidCash
₦10K – ₦50K 31.00% to 31.00% 1 – 1 months 30 minutes ★★★☆☆ 3.0 Details Apply ad
Palmcredit Palmcredit
₦1K – ₦100K 4.60% to 24.00% 1 – 6 months 15 minutes ★★★★☆ 4.0 Details Apply ad
Social Lender Social Lender
₦1K – ₦100K 5.00% to 5.00% 1 – 1 months 24 hours ★★★★☆ 3.5 Details Apply ad
ALAT ALAT
₦10K – ₦200K 3.00% to 3.00% 1 – 6 months 2 minutes ★★★★★ 4.5 Details Apply ad
OPay OPay
₦3K – ₦50K 36.50% to 36.50% 3 – 12 months 5 minutes ★★★★☆ 4.0 Details Apply ad
TraderMoni TraderMoni
₦15K – ₦100K 5.00% to 5.00% 6 – 12 months 5 business days ★★★★☆ 3.5 Details Apply ad
3DC Finance 3DC Finance
₦10K – ₦1.0M 10.00% to 10.00% 1 – 4 months 48 hours ★★★★☆ 3.5 Details Apply ad
Baobab Baobab
₦20K – ₦10.0M 28.00% to 28.00% 6 – 24 months 3 business days ★★★★☆ 3.5 Details Apply ad
Zenith Bank Zenith Bank
₦10K – ₦5.0M 9.00% to 9.00% 6 – 24 months 24 hours ★★★★★ 4.5 Details Apply ad
Spotyloans Spotyloans
₦1K – ₦1.0M 3.00% to 3.00% 1 – 1 months 24 hours ★★★★☆ 3.5 Details Apply ad
QuickCheck QuickCheck
₦1K – ₦1.0M 2.00% to 30.00% 1 – 12 months 15 minutes ★★★★☆ 4.0 Details Apply ad
Branch Branch
₦1K – ₦500K 1.00% to 21.00% 1 – 12 months Within 24 hours ★★★★★ 4.2 Details Apply ad
First Bank of Nigeria First Bank of Nigeria
₦10K – ₦15.0M 1.83% to 2.50% 3 – 60 months 24 – 48 hours ★★★★☆ 3.9 Details Apply ad
Kuda Bank Kuda Bank
₦1K – ₦150K 0.30% to 0.30% 1 – 3 months Instant ★★★★★ 4.3 Details Apply ad
United Bank for Africa United Bank for Africa
₦5K – ₦15.0M 2.08% to 2.50% 1 – 12 months Instant (USSD) or 24 hours ★★★★☆ 3.9 Details Apply ad

Example monthly repayments for loan ₦20,000

3 months ₦7,667/month Total: ₦23,000
6 months ₦4,333/month Total: ₦26,000
12 months ₦2,667/month Total: ₦32,000
18 months ₦2,111/month Total: ₦38,000
24 months ₦1,833/month Total: ₦44,000
36 months ₦1,556/month Total: ₦56,000

* Example at 5% monthly interest rate. Actual repayment depends on the lender's offer. Check exact terms with the chosen lender.

Compare loans up to ₦20,000 in Nigeria

Do you need a loan of ₦20,000? We have the solution for you. You can easily compare companies which provide ₦20,000 loans with our Nigerian comparator.

What kind of loans can you find in Nigeria?

In Nigeria there are many types of different loans. They are divided based on speed of approval — loans in minutes, loans in a few hours, or loans in 24 hours. You also need to know what your possibilities are to get a loan. It is much easier to get a ₦20,000 loan if you are not blacklisted or have collateral. There are several providers who can lend you ₦20,000 without collateral or even if you are blacklisted, but it will be quite hard or you won't get as good an interest rate as you could with a secured loan. Always compare the total amount payable — with a longer term the monthly repayment is lower, but you pay significantly more interest overall.