Compare personal loans

Real rates from banks and fintechs. Compared side by side, no affiliate bias.

Financial Education: In-depth guides to help you understand your borrowing options.
Loan Comparison: Side-by-side comparisons of rates, terms, and eligibility.
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Zenith Bank Business Loan

Provider: Zenith Bank
Min Amount: NGN 1,000,000
Max Amount: NGN 500,000,000
Min Term (months): 12 months
Max Term (months): 60 months
Approval Time: 1-2 weeks
Requirements: Nigerian registered business, Zenith Bank business account, Financial statements required, Competitive interest rates
Type: Business

Stanbic IBTC Personal Loan

Provider: Stanbic IBTC
Min APR %: 48%
Max APR %: 48%
Min Amount: NGN 100,000
Max Amount: NGN 10,000,000
Min Term (months): 6 months
Max Term (months): 24 months
Approval Time: instant approval
Requirements: Salary paid into a Stanbic IBTC account; minimum net monthly income of ₦50,000; credit and affordability checks
Type: Personal

Stanbic IBTC Business Loan

Provider: Stanbic IBTC Bank
Min Amount: NGN 1,000,000
Max Amount: NGN 500,000,000
Min Term (months): 12 months
Max Term (months): 60 months
Approval Time: 1-2 weeks
Requirements: Nigerian registered business, Stanbic IBTC business account, Part of Standard Bank Group, Trade finance and working capital available
Type: Business

First Bank of Nigeria Personal Loan

Provider: First Bank of Nigeria
Min APR %: 20%
Max APR %: 28%
Min Amount: NGN 200,000
Max Amount: NGN 30,000,000
Min Term (months): 6 months
Max Term (months): 60 months
Approval Time: bank review and disbursement to salary account
Requirements: Salary account with FirstBank; employer salary domiciliation letter; minimum documentation; credit insurance premium required
Type: Personal

GTBank Business Loan

Provider: Guaranty Trust Bank
Min Amount: NGN 1,000,000
Max Amount: NGN 500,000,000
Min Term (months): 12 months
Max Term (months): 60 months
Approval Time: 1-2 weeks
Requirements: Nigerian registered business, GTBank business account, Minimum 2 years trading history, Financial statements and tax clearance
Type: Business

GTBank Salary Advance Personal Loan

Provider: GTBank
Min APR %: 35.4%
Max APR %: 35.4%
Min Amount: NGN 5,000
Max Amount: NGN 5,000,000
Min Term (months): 3 months
Max Term (months): 12 months
Approval Time: instant
Requirements: Salary account holder with 6 months salary history, ₦20,000 monthly lodgement, ₦30,000 net salary minimum, clean credit bureau report
Type: Personal

Access Bank SME Business Loan

Provider: Access Bank
Min Amount: NGN 500,000
Max Amount: NGN 500,000,000
Min Term (months): 6 months
Max Term (months): 60 months
Approval Time: 1-2 weeks
Requirements: Nigerian registered business, Access Bank business account, Business plan required, Collateral may be required for larger amounts
Type: Business

Carbon Personal Loan

Provider: Carbon
Min APR %: 54%
Max APR %: 195%
Min Amount: NGN 2,500
Max Amount: NGN 1,000,000
Min Term (months): 3 months
Max Term (months): 12 months
Approval Time: minutes
Requirements: No collateral; no guarantor; no paperwork
Type: Personal

First Bank SME Business Loan

Provider: First Bank of Nigeria
Min Amount: NGN 500,000
Max Amount: NGN 500,000,000
Min Term (months): 12 months
Max Term (months): 60 months
Approval Time: 1-2 weeks
Requirements: Nigerian registered business, First Bank business account, Financial statements required, Collateral may be required
Type: Business

QuickCheck Personal Loan

Provider: QuickCheck
Min APR %: 60%
Max APR %: 60%
Min Amount: NGN 1,500
Max Amount: NGN 1,000,000
Min Term (months): 3 months
Max Term (months): 12 months
Approval Time: 5 minutes
Requirements: No collateral; smartphone app application
Type: Personal

UBA SME Business Loan

Provider: United Bank for Africa
Min Amount: NGN 500,000
Max Amount: NGN 500,000,000
Min Term (months): 12 months
Max Term (months): 60 months
Approval Time: 1-2 weeks
Requirements: Nigerian registered business, UBA business account, Financial statements and projections, Collateral may be required
Type: Business

Branch Personal Loan

Provider: Branch
Min APR %: 36%
Max APR %: 99%
Min Amount: NGN 6,000
Max Amount: NGN 1,000,000
Min Term (months): 4 months
Max Term (months): 52 months
Approval Time: minutes to 24 hours
Requirements: Phone number or Facebook account, ID number, and mobile money or bank account
Type: Personal

Lidya Business Loan

Provider: Lidya
Min Amount: NGN 150,000
Max Amount: NGN 50,000,000
Min Term (months): 1 months
Max Term (months): 12 months
Approval Time: 24-48 hours
Requirements: Nigerian registered business, 6+ months trading history, Digital application process, Quick disbursement
Type: Business

Renmoney Personal Loan

Provider: Renmoney
Min APR %: 25.44%
Max APR %: 31.8%
Min Amount: NGN 50,000
Max Amount: NGN 10,000,000
Min Term (months): 3 months
Max Term (months): 24 months
Approval Time: fast app-based approval
Requirements: Digital application through the Renmoney app; identity and income checks may apply
Type: Personal

Kuda Bank Overdraft

Provider: Kuda
Min APR %: 30%
Max APR %: 108%
Min Amount: NGN 5,000
Max Amount: NGN 250,000
Min Term (months): 3 months
Max Term (months): 12 months
Approval Time: minutes
Requirements: Kuda app account required; monthly installment repayment; no paperwork
Type: Personal

UBA Personal Loan

Provider: UBA
Min APR %: 28.5%
Max APR %: 32%
Min Amount: NGN 200,000
Max Amount: NGN 30,000,000
Min Term (months): 6 months
Max Term (months): 60 months
Approval Time: Bank review and disbursement to salary account
Requirements: Functional salary account and last 6 months pay slip plus bank statement indicating salary inflows
Type: Personal

FairMoney Personal Loan

Provider: FairMoney
Min APR %: 24%
Max APR %: 456%
Min Amount: NGN 1,500
Max Amount: NGN 5,000,000
Min Term (months): 3 months
Max Term (months): 36 months
Approval Time: 5 minutes
Requirements: Monthly income of ₦1,000+; no collateral; no physical paperwork
Type: Personal

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Debunking Personal Loan Myths: What You Need to Know

Uncover the truth about personal loans with these myth-busting insights. Learn about APRs, eligibility, and loan options to borrow smarter.