Are you looking for where to borrow 500k loan in Nigeria to invest in your business? There are many apps to get 500,000 naira loan without collateral.
Many students and graduates who have business ideas but are yet to see money to invest and make their business ideas comes into reality.
Am here to show you legit apps to that can help you to borrow up to 500,000 naira online without documents or much stress.
All you just need is to download any of the applications, register and apply for any loan amount of your choice.
Do not apply for loan that you can’t repay, as I always advice anyone trying to borrow money online to have what they will invest the money into before they apply.
Requirements to get 500,000 naira loan in Nigeria:
Below are basic requirements you need to have access 500k loan on any of the loan apps in which am going to show you here;
- Your real name
- Date of Birth
- Residential Address
- Bank Verification Number (BVN)
- Employment Status
- Monthly Income (Bank Statement)
- Identity Card
- Guarantor information
- Loan Purpose (Clearly stated).
Where to Apply for 500k loan in Nigeria with no documents:
1. Okash
Okash remains one of the best loan apps that offers 500k loan in Nigeria with low interest rate. Without any documents you can easily borrow money online from the comfort of your home.
This app makes it efficient for you to access credit any time from anywhere. Even when you are financially broke with no hope the only laon company you can run to is Okash loan.
The major reason why I like getting loan from Okash is that, they can give you loan of more than 500,000 naira, very fast in loan approval which means you can request for the loan and get it within an hour.
Unlike bank that you need to carry different documents to with collateral, Okash loan does not need that with just your bank verification number, you can get access to any loan amount.
Okash is still give loan and you can download the app, apply for a loan today and receive the loan with a speed of light, and you can repay any time you get the money back.
2. Renmoney
Renmoney is a fintech company in Nigeria that offers personal and business loans, savings, investment products and other banking services.
With renmoney you can easily access 500k loan in Nigeria without collateral and no documents.
Though, can can just give you money if you have nothing doing, they major focus on offering people with sources of income money to boost their businesses.
If you are just a student or unemployed graduate you may find it difficult to get loan from this company.
They only offer some categories of individuals loan such as;
- Self-employed
- Small business owners
- Registered big business owners.
Which means if you have a small sources of income like; phone repair shop, boarding salon or online business vendor you can easily access loan of up to 500,000 naira.
3. Fairmoney
This is a Microfinance Bank and it is the number 1 most downloaded fintech app in Nigeria.
With over 10,000 daily loan disbursements, and over 5 million users enjoying banking, savings, and investment services, FairMoney helps the average Nigerian access finance tools to take control of both their life and their finances.
You can now access quick loans of up to ₦3,000,000 in 5 mins, for personal loan while over 5m for business loan and no collaterals & easy repayment terms!
No major reason why I prefer getting my 500k loan in Nigeria here is that you do not need any guarantor unlike other apps. And they are fully approved by the central bank of Nigeria.
4. Quickcheck
The best app that can help you to borrow money online in Nigeria is Quickcheck. Just as the name sounds they they offer you the loan within a blink of eye immediately you apply.
With quickcheck you can get up to 1 million naira loan without collateral to solve your immediate needs. I see it as the best go to app to get 500k loan in Nigeria without stress.
To apply for the loan, just download quickcheck loan app. You can now access quick loans of up to ₦3,000,000 in 5 mins, no collaterals & easy repayment terms!
5. Palmcredit-instant loan online
In the past I usually recommend this loan application to students or people with urgent need. As a girl that needs urgent 2k instead of looking for who to borrow you, why not stay in your home and apply for the loan.
Today I can now, recommend this loan app to any business man and woman since it offers loan of above 300k in Nigeria without collateral.
All you just need is to download this loan app, request for the loan and get it into your bank account without stepping your foot in the bank.
Conclusion
I have been able to show you best apps to borrow loan online that can offer you loan of above #500,000 without any documents.
Getting 500k loan in Nigeria is now easier than you may ever think, if you need a loan for your business of personal need, I recommend those apps above.
Read==> Apps To Get Instant Loan Of 50,000 Naira In Nigeria (Apply Now)
I need a loan of 500000