Top 10 Quick Loans In Lagos 2022 (Easy)

If you are looking for how to get quick loans in Lagos, Nigeria, then you at the right place. We at Nigerianlistshub listed the top easy quick loans you get in Lagos state and their requirements. At some point in life, there might be a need to obtain loans to cater to one’s needs or to fund new projects for businesses. Applying for a loan comes with a rigorous verification process. Most loan-giving companies follow the standard process of investigating if the loan is actually meant for the borrower and if the loan is important for them before funding them.
The traditional method of collecting loans involves going to the bank in person. But now, there are increasing options at the advantage of people who are willing to take personal loans. Companies willing to offer online loans offer solutions for people who cannot take loans from large national banks.  

How To Get Quick Loans In Lagos

List of banks and credit lenders to get quick loans in Lagos and their requirements.

1. Ren Money

Requirements

• You must be between ages 22-59 years

• You must have a job plus a stable monthly income

• You must have an active bank account 

• You will be required to provide your statement of account for up to six months
• You will be required to provide a passport and an identity card of your organization to confirm your employment status

2. Page Financials 

Requirements

• You must live in Lagos or Ibadan
• You must have a stable source of income

• You will be required to provide an account statement for up to six months

• You must provide a recent passport 

• You will be required to provide a BVN that is connected to an active mobile number
• You must be able to provide an identity card for the organization you work for

3. Baobab Loans 

Requirements

• Required age is between 22-58 years
• You must reside in Lagos

• You will be required to provide two recent passport photographs

• You must provide a utility bill from the last three months

• You must complete the application form

• You must provide two guarantors
• You must provide two signature cards

4. Specta 

Requirements

• You must have a stable source of income

• You are required to provide a BVN
• You must have an active account number

5. C24 Limited 

Requirements

• You will be required to provide your personal details

• You must be employed with a stable source of income
• You must have an active bank account with a commercial bank in Nigeria
• You will be required to provide your employment details

6. Credit Direct Limited 

Requirements

• You must have a valid proof of identification

• You must be between the ages of 22-58 years

• You must have an active account with a commercial bank in Nigeria

• You must be a resident of Lagos State

• You must have a stable source of income

• You must not have records of returned cheque in your account

• You will be required to provide a recent passport photograph

• You must provide a bank statement of your account for the past three months

• You must provide an identity card of the organization you work for

• You are required to provide a pension statement

• You must provide a letter of employment to CreditDirect

• You must provide a NUBAN Cheque leave for the period the loan will last
• You must not have a dirty Credit Bureau Report

7. Migo

Requirements

• You must complete authentication

• You must be able to provide an active bank account and bank details
• You will be required to provide your payment details

8. QUICKCHECK

REQUIREMENTS

• You must provide your bank account details
• You should have a BVN

• You will be required to provide your personal information

• You must be between ages 20 and above
• You must provide your employment details

10. Zedvance 

Requirements

• You must have a job and a stable source of income
• You should be between ages 22-55 years
• You must have an active bank account

11. Startcredits 

Requirements

• You must provide a loan application letter

• You must provide two guarantors

• You will be required to provide a valid means of identification

• Utility bill

• 4 passport photographs

Some questions that cannot be avoided when applying for loans include:

• Employment Status And Monthly Income 

It is important that a borrower has current employment and earns some money enough to give assurance that the loan could be paid back. This is an eligibility criterion that every lender does not neglect, and they could even ask for a bank account statement to be sure they have a job and earn on a monthly basis.
The reason for cross-checking to be sure the borrower has a job and earns monthly is to determine how much could be borrowed and how it could be paid back without ending up falling into arrears. 

• Verification 

It is important that a borrower undergo an identification verifying process and this could involve BVN verification, confirmation of address, and confirmation of telephone number. 

• Purpose Of The Loan 

There are various types of loans and various purposes for each. Just as the guarantor loans are used for settling bills that involve lifestyle, so is the short term loan used for emergency purposes. 

Differences Between Bank Loan And Online Loan

• Personal Interaction 

Although the trend towards digital has come to stay and companies offering online loans are almost encroaching on banks, some people still value face-to-face interaction at the physical banks since it gives assurance that the loan will most definitely go smoothly. Online lenders charge higher rates since they cannot pass on to the consumer operational costs like the physical banks.

• Urgency 

Online companies are the best way to go when in need of an urgent loan. This is because they process applications more quickly than banks.

• Information  

Taking loans online can be disturbing because you have to share sensitive information. It may not be a good fit if the online lender is not trusted.
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