Updated on December 31, 2023
Not a salary earner and you need a quick loan in Nigeria? Well, there are solutions for you. You can get a loan in Nigeria without salary account using this list of loan apps in
While most of the loan companies and even banks out there target salary earners to offer them loans, you cannot get frustrated by being turned away due to not having a salary account. We understand that life doesn’t always fit into neat little boxes, and that’s why we’ve done this guide to help.
Getting an instant loan in Nigeria without salary account is possible because technology continues to revolutionize the financial industry. Making it easier than ever to access loans through smartphone applications.
However, many loan apps in Nigeria require applicants to have a salary account. This article aims to highlight 11 loan apps specifically designed for individuals who want to get a loan in Nigeria without a salary account.
These apps provide convenient, quick, and hassle-free access to funds for various purposes.
We will explore each loan app, and discuss its features, eligibility criteria, application processes, and key considerations.
Let’s get started on how to access the funds you need, without the constraints of a salary account.
See: Best Loan App without BVN in Nigeria
List of Apps to get Loan in Nigeria Without Salary Account
Here is the list of apps to get a loan without a salary account in Nigeria:
1. Carbon
Carbon is a popular loan app in Nigeria that provides loans in Nigeria without a salary account.
With Carbon, you can apply for a loan directly from your smartphone, without the need for collateral or salary account documentation. The app offers quick loan disbursement, competitive interest rates, and flexible repayment options.
To qualify for a loan on Carbon, you need to provide your BVN (Bank Verification Number), valid identification documents, and other personal details. Carbon assesses your creditworthiness based on various factors, including your transaction history and credit score.
2. Fastcash by FCMB
Fastcash is a quick cash option by First City Monument Bank (FCMB) to provide loans in Nigeria without salary account.
But to get a FastCash instant loan you must be a customer of the bank. FastCash is fast and incredibly convenient, requires no collateral, and gives you the option of a flexible repayment plan.
With FastCash, you can access up to N200,000 and more to fulfil your urgent financial needs, all you need is an existing account with FCMB. Once you have that, simply dial *329*11# on your mobile phone, or if you prefer, download the FastCash app from the Google Play Store or IOS App Store.
Follow the instructions provided on the app or respond to the prompt, and within no time, you’ll receive approval and have your funds at your fingertips.
3. Aella Credit
Aella Credit makes it easy for individuals without salary accounts to secure instant loans with competitive interest rates and flexible repayment terms.
Available loan amounts on Aella credit are between N2000 and N500,000 with a repayment plan of 3 months. Interest rates range between 6% and 20%, and Aella doesn’t increase your interest rate even when you’re late on repayment.
Aella Credit also assesses your creditworthiness based on various factors, including your financial behaviour, mobile data, and other personal information.
To apply for a loan on Aella Credit, you need to download the app, create an account, update your profile, check your eligibility, and provide the necessary details.
Checkout: How to Apply for Newcredit Loan
4. SMEDAN
The Nigerian government established SMEDAN loan platform to provide support to small and medium-scale business owners and entrepreneurs, even without the need for a salary account.
The primary objective of SMEDAN is to foster the growth and development of small and medium-sized enterprises (SMEs) across Nigeria.
SMEDAN doesn’t charge exorbitant interest rates that suffocate the growth of small businesses for loans. They have a flexible repayment plan that gives you the option of getting a loan in Nigeria without a salary account. You can learn how to apply for a Smedan Loan.
5. Okash
Okash is a reliable platform that can provide you with an instant loan in Nigeria, even if you don’t have a salary account. Whether you need quick cash for a short-term expense or a larger amount for a long-term investment, Okash has got you covered with loans of up to N500,000.
One of the great things about Okash is the speed at which they operate. Once you apply for a loan, you can expect to have it approved and disbursed within a remarkable timeframe of just 1 hour.
Okash understands the urgency of your financial needs and strives to provide you with a seamless borrowing experience.
Okash assesses your creditworthiness based on your account verification using your BVN (Bank Verification Number). It’s a hassle-free process that ensures you get a fast approval process.
To get an Okash loan, kindly download the Okash App from your Play Store or IOS App Store.
6. Branch
Branch is one of the legit loan apps that provides loans to Nigerians without a salary account. The app offers instant loans with flexible repayment terms and competitive interest rates.
To access a loan on Branch, you need to download the app, create an account, and provide personal information. Branch uses alternative data sources to evaluate your creditworthiness, making it accessible to individuals without a traditional salary account.
The loan amount you qualify for depends on various factors, including your repayment history and financial behaviour.
See: How to get a Loan of 50,000 Naira in Nigeria
7. FairMoney
FairMoney is a loan app in Nigeria that allows individuals without a salary account to access quick loans.
With FairMoney, you can apply for loans up to N100,000, depending on your credit profile. The app provides easy-to-use loan features, transparent terms, and competitive interest rates.
A good option for a loan in Nigeria without salary account is getting a FairMoney loan, you need to download the app, provide personal details, and grant access to your bank account information for evaluation.
FairMoney utilizes artificial intelligence algorithms to assess your creditworthiness and determine loan eligibility, making it a convenient option for non-salary account holders.
8. PalmCredit
Palmcredit is a reliable loan app that provides instant loans to individuals without a salary account in Nigeria. The app offers flexible loan amounts and repayment terms, allowing you to customize the loan according to your needs.
Palmcredit considers various factors, including your phone data, social media profiles, and other personal information, to assess your creditworthiness. The app provides a seamless application process and quick loan disbursement directly into your bank account.
Palmcredit also offers a loyalty program that rewards timely repayments with increased loan limits and lower interest rates. Here’s how to get loan from Palmcredit in Nigeria.
9. Renmoney
Securing a loan in Nigeria without salary account through Renmoney is easy and fast. Renmoney provides quick loan approval and disbursement with competitive interest rates.
To apply for a Renmononey loan, you need to download the app, provide personal information, and submit the necessary documentation.
Renmoney evaluates your creditworthiness based on alternative data sources, such as your transaction history and behavioural patterns.
The loan amount you qualify for depends on these factors, ensuring that you can access the funds you need without a salary account.
Checkout: How to get Loan from UBA Bank in Nigeria
10. Quickcheck
QuickCheck is a loan app designed for individuals without a salary account in Nigeria.
The app offers fast loans with transparent terms and no collateral requirements. To apply, you need to download the app, create an account, and provide personal details.
QuickCheck uses advanced algorithms to assess your creditworthiness, taking into consideration factors such as your financial behaviour, mobile data, and transaction history.
Once approved, funds are disbursed directly to your bank account within minutes. QuickCheck also offers a credit score feature that allows you to track and improve your creditworthiness over time.
11. KiaKia
KiaKia offers personalized loan options based on your financial profile and needs. KiaKia utilizes machine learning and artificial intelligence to give you loan in Nigeria without salary account.
The app offers competitive interest rates and flexible repayment options. To apply for a loan on KiaKia, you need to download the app, create an account, and provide personal and financial information.
KiaKia prioritizes data privacy and employs security measures to protect your information throughout the loan application process.
Which Banks Give Loan Without Salary Account in Nigeria
You can get a loan from some banks without a salary account in Nigeria. These banks include GTBank, Acess Bank, UBA, Sterlink Bank and Wema Bank. Make sure you check and compare their interest rate and repayment plan before which bank to use to get a loan without the need for a salary account.
How to get GTB Loan without a Salary Account in Nigeria
To get a loan from GTB without a salary account you’ll have to sign up for Quick Credit by GTbank. This bank’s personal loan product is available to both salary earners and self-employed people (non-salary earners) in Nigeria. However, to access this loan as a non-salary earner you must have a monthly lodgement of N20,000 in your GTBank Account.
Wrap up on Loan Apps without Salary Account in Nigeria
Accessing loans in Nigeria without a salary account is now easier than ever with the availability of loan apps in Nigeria.
Carbon, Branch, FairMoney, Palmcredit, Renmoney, QuickCheck, KiaKia, FairMoney Loan, Aella Credit, CreditVille, and QuickCredit are among the loan apps specifically designed to cater to non-salary account holders.
These apps offer quick loan approval, competitive interest rates, and flexible repayment options. By leveraging alternative data sources and advanced technology, these loan apps ensure that without a salary account, you can still access the funds you need for various purposes.
Whether you’re self-employed, a freelancer, or an entrepreneur, these loan apps provide a convenient and accessible way to meet your financial needs.
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