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How to borrow Low interest, no collateral money from all Nigeria banks

Last Updated: 10 minutes Ago
  • It has not become old-fashioned to run to your local bank for a personal loan. People are still doing it as it is one of the most reliable means to borrow money. With a personal loan, you get a big lump of cash that you would pay back over a determined period of time with an interest rate.
  • To get a loan from a bank, there are a lot of factors that come to play. For some banks, you have to be a customer with a very high credit score to get a loan and for others, the case may be different, but whatever it is, there is always a criterion for bank loans.
  • And it is very important to note that before applying for a loan from a local bank, you have to get all the facts right and determine if you are able to handle the payment within the window open for it along with the attached interest rates.
  • Here are all you need to know about borrowing money from some of the first-rate banks in Nigeria.

United Bank of Africa

  • UBA features a wide range of loan options and here are a few of them with affixed interest and duration.
  • Click credit: This is an instant loan feature that allows you to borrow up to N1 million in a matter of seconds. It has an interest rate of only 2% per month and a duration of 12 months.
  • Personal loans: You can get up to N30 million with the UBA personal loan and it lasts for as much as 48 months (4 years). The minimum interest rate attached to the UBA personal loan is 20% and the lowest you can get from it is 100,000.
  • Auto loan: This is the credit UBA Bank offers its customers to enable them to fund the purchase of their dream car and pay back with convenience.

First Bank

  • First Bank features a number of loan options that you can choose from including mortgage, personal home loans, and first credit loans that can help you finance your dreams. The minimum loan duration and interest rate at First Bank is five months and 5% respectively and you can borrow as low as 10 naira.
  • This means that if you borrow N100,000,000 from First Bank at a 5% lending interest rate within a 5-month duration, you will be paying N5,250,000 weekly to the bank.

Access Bank

  • Access Bank has launched a trademark PayDay Loan feature which is targeted at salary-earners who are caught up with an emergency before their official payday at the end of the month.
  • However, non-salary earners can equally apply for the Access PayDay Loan when they Bank’s Risk Acceptance Criteria (RAC), which is a tool banks use to screen their clients and determine how much risk they are settling for when you are given a loan.
  • Several features make the Access PayDay Loan stands out amongst other loan products from other banks. Here are some of its features:
  • When applying for the loan, no paperwork is required, and there is no need for collateral to be presented.
  • The loan will be deducted from your salary account thirty days from the day you collected the loan.
  • To get a PayDay Loan, you just have to dial *901*11*1# from the convenience of your home. There is no need to join the mammoth queues in the bank.
  • When you fail to pay back the loan within thirty days, you only get a 1% penal charge.
  • Zenith Bank
  • There is a dual option to choose from at Zenith Bank when it comes to loans: The Term Loans and Lease. Term Loan is a credit given to a customer that wishes to finance capital projects like the lines of major businesses.
  • The Zenith Bank Term Loan can be in the form of short-term, medium, or long-term and you can pay back the loans in installment. The lease is a specified credit to finance the acquisition of assets or equipment.
  • GT Bank
  • GT Bank features a variety of loan options ranging from salary advances, scholarships, instant loans, and mortgages, all of which have a fixed duration ranging from 6 months to 5 years.
  • The lowest interest rate for a loan from GT Bank is 2%.

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How to

“How To Know A Man That Doesn’t Love You”




Young lady argues that men who seek financial assistance from their women have no good intentions to the relationship.

According to a Twitter user identified as @GoodnessAdeosun, state that even though women do the same, it does not qualify a man for such path.

In her words;

‘‘I don talk am, any man that asks you for money doesn’t love you.
Don’t let him fool you.
Don’t come here to tell me that we women do that to.
I don’t ask my men for money when I’m in need. I have my siblings to ask money from, I have my parents..
If he does, it means he has no respect for her or he’s using her.
No woman should ever supply a man with money if they are not married. If a man is handling his responsibilities properly, he shouldn’t need to take money from a woman.
If he’s not, why would you want him in your life.
I am wary of men that do that.
If he’s so much in need
Don’t he have male friends outside?
If he Doesn’t have such kind of connection or strong pillars outside, it’s scary to make that person your life partner.
What happens if you both don’t have the money?”

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