10 Best Loan in Minutes in Nigeria without Collateral

The demand for Instant Online Loan in Nigeria has increased over time, especially as the populace struggle to survive economic downturn in the country.

Whether for emergencies or difficult time sake, many individuals today seek quick loans for personal use, business purposes, to settle bills and cover expenses.

It's not just about seeking and getting an Instant Online Loan in Minutes in Nigeria, it is also about safety of your personal data, and avoiding Loan Sharks which strive to tarnish your image in a slight difference.

As a guide to prospective individuals who may wish to meet immediate needs by taking Instant Online Loan in Nigeria, here are 10 best Loan in Minutes in Nigeria which give flexibility, and support your purpose without rigour.

List of 10 Best Loan in Minutes in Nigeria without Collateral

1. GTB Quick Credit and Salary Advance

The Guarantee Trust Bank has topped the list of easy loan in Minutes in Nigeria based on the amount that can be granted, the processing time and payback flexibility.

Through GTB Quick Credit, a GTB Account Holder salary earner, can now get the cash needed instantly, and pay back in up to 12 months. GTB Quick Credit gives funds up to N5 million at an interest rate of 1.80% monthly, No Hidden Charges. That's a huge flexibility.

To request for GTB Quick Credit Loan, all you need is to Log into the GTWorld Banking App and click on "Loan."

Alternatively, a borrower can request for QuickCredit instantly by dialling *737*51*51#

A salary Earner can also secure up to 50% of Salary Advance through GTB Salary Advance Loan Package. This is deducted by the bank instantly, immediately salary is paid.

2. Zenith Bank Salary Advance, SME loan and Over-Draft

Zenith Bank, one of the pioneers of modern-day banking services in Nigeria, has arrays of instant loan services to suit its various customer needs, from SME Loans to Overdrafts. 

For instance, Zenith Bank can grant a borrower a certain amount over the credit balance in their Current Account as Over-Draft.

Customers can access this loan without collateral. The Loan is set within a specified tenor, usually not exceeding twelve months (1 year).

Zenith Bank also offers a Salary Advance Loan which comes with a relatively low-interest rate.

With the Salary Advance Loan facility, customers can access up to 60% of their salary at an interest of less than 5% with a very easy repayment option.

It is one of the quick cash loans offered by Zenith Bank that do not require collateral and gives financial assistance to those in need.

The application process is usually instant, and at best takes about a day or less before it is approved and disbursed to the applicant.  

Zenith Bank also has a loan USSD code, *966#, that can be used to carry out almost any banking including applying for a salary advance loan.

3. Access Bank Quick Bucks, Payday Loan 

Access Bank has leveraged digital technology to innovate an App named QUICK Bucks.

Quick Bucks is a mobile app that allows Access Bank Customers to access multiple quick and low-interest loan options from the bank.

To access Access Bank Quick Bucks, all that is needed is to install the Access Bank Quick Bucks app and commence with the process. 

Access Bank also has the Access Payday loan which features a Salary Advance for Salary Earners and non-salary earners domiciled in the Bank.

Access Payday loan is a digital credit facility that disburses loans instantly to the requesting customer, as soon as they receive the application and it is approved.  

The payday loan focuses primarily on providing financial assistance to salary earners and non-salary earners who are in financial needs but must not have an outstanding loan in Access bank or any other bank. 

Just like other Instant Online Loan, customers do not neeed to apply physically in the Bank, as they can access the payday loan through the Access bank payday loan using the USSD Code *901*11# or the Access Bank Banking App.

4. First City Monument Bank (FCMB) Fast Cash Loan 

The First City Monument Bank (FCMB) is one of the leading Instant Online Loan Providers in Nigeria.

FCMB has several paperless loan facilities to meet its customers’ quick loan needs with no collateral required.

Prominent among them are the FCMB Fast Cash and Salary Loan Plus.

Salary Loan Plus is a consumer credit scheme available to salary Account Holders. Through this scheme, qualified FCMB customers can access short or medium-term loan, before payment of salaries.

FCMB grants up to N2 Million Loan in minutes for up to 60 Months tenor at 1% flat interest rate through its Premium Salary Loan.

Prospective applicants for the Fast Cash or Salary Plus instant loan can apply through the bank’s USSD code *329# or through the Bank App and be disbursed instantly.

5. First Bank FirstCredit Loan

First Bank PlC, regarded as Nigeria’s premier Commercial Bank, prides itself on having one of the best web-based e-payment platforms, "E-Solutions", in the sector and has deployed digital technology which offer Instant Loan in less that 5 minutes.

The Bank offers its customers flexible options of either repaying next when cash enters the account or on the exact due date which is usually one Month from the day of loan disbursement. 

First Bank Customers can get up to ₦300,000 depending on the activities on the account. 

Just by dialling *894*11#, First Bank customers can get instant Loan to meet their emergency need in minutes.


ALAT is the First Nigeria’s fully digital banks and tops the best loan apps in Nigeria.

This simple and entirely digital platform grants quick and instant loans without any form of paperwork just in Minutes. 

Through ALAT, there is not visitation to a physical location and response time between loan application and loan disbursement is usually less than 5 minutes.

Simply Download the app from Play Store or App store, complete the Sign up and borrow as much as 2 Million Naira without collateral.

Salary earners can receive about 50,000 and even up to 4 million within minutes, with up to 24 months to pay back, at only a 2% interest rate per month on a reducing balance basis.

7. FairMoney

FairMoney is one of the best Digital Banks that gives Instant Loans in Minutes in Nigeria with no Collateral Needed.

Just by downloading the FairMoney App, a borrower can access Loan amounts ranging from ₦1,500 to ₦1,000,000 with repayment periods upto 18 months at monthly interest rates that range from 2.5% to 30%.

The wonderful thing about this Instant Loan digital Bank is that a borrower can decide to extend the loan repayment if unable to meet up the repayment on the due date, by just paying a little few through the APP.

Fair Money App can be downloaded through Google Play Store.

8. Carbon

Carbon is a digital Instant Loan Platform. It is previously known as PayLater. 

Carbon, just in the hierarchy of quick loan Apps in Nigeria grants loan approval just in Minutes. 

Accessing Instant Loan through Carbon requires no collateral and can be done just at the comfort of your home, without any paperwork.

With this app, you can receive up to 20 Million with interest rates from 5% to 15%.

All that is need to sign up for this APP is the Bank Verification Number (BVN) to ascertain loan credit score.

Carbon Loan App is available in Google Play Store.

9. Branch

Branch is another reliable loan App that allows a borrower receive up to N200,000 Loan amount within few minutes.

Repayment can be spread across 4 to 40 weeks, and loan attracts varying interest rates depending on the amount of the loan and the borrower's repayment history. 

All that needed is your phone number and Bank Verification Number, sign up, apply  and recieved loan credit Alert in Minutes.

Branch Loan App is available in Google Play Store.

10. PalmCredit

Palm Credit just like other digital Instant Loan Platforms offers a straightforward service that allows borrowers access instant loans worth N2000 to N100,000 in minutes with great ease.

Palm Credit Loan App is available in Google Play Store.

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