Get smart tips on business loans in Nigeria to help you make informed decisions. Learn about business loan comparison, application and repayment
As a business owner, one of the most significant decisions you will face is deciding whether a long term or a short term loan is right for your business. Both options have their pros and cons, and making the right choice can have a significant impact on the success of your business. A long-term loan …
Long or Short Term Business Loan: Which Is Right for Your Business?
If you're a business owner in Nigeria, you know that finding the right business loans can be a daunting task. With so many lenders and loan options available, it can be difficult to navigate the landscape and find the best solution for your specific needs. However, with the right knowledge and strategies, you can secure …
Your Ultimate Guide to Finding the Best Business Loans in Nigeria: Top Lenders and Strategies
Looking for the 10 best loan apps in Nigeria with more than 3 months repayment period? Look no further as nairaCompare has curated a list for you. In trying to access money in minutes, several factors determine the loan amount and interest rate. One of them is the repayment period. Your repayment period or loan tenor …
10 Best Loan Apps in Nigeria With More Than 3 months repayment period
Getting a loan in Nigeria without collateral may not be as difficult as it seems. This is even more if the prospective borrower asks the right questions. Loans obtained without collaterals are also referred to as unsecured loans. What are non-collateral loans? Non-collateral loans are unsecured types of loans that do not require the …
Frequently Asked Questions (FAQs) About Getting A Loan In Nigeria Without Collateral
If you are looking for a huge loan amount, collateral-free loans may not be of much help. With collateral-free loans, also called unsecured loans, the loan amount is less but the interest rate would be high. Collateral-free loans serve best as short-term loans that you intend to repay at the earliest. What is a Collateral? …
It’s common for commercial banks to say NO, but that should not be a showstopper It is widely thought that commercial banks are the only source of financing for business loans. Whilst this may not be a bad thought for big corporations like Nestle and Dangote Cement, small business owners need to think differently. Seven, …
When banks say no, there are many other options for your business loan
It is so exhausting to be rejected… It is disheartening to be rejected and nobody can imagine the feeling like the one who has experienced it. It is so painful to have all the plans laid out for growing a business only to be frustrated by a lender who turns down the application for a …
Be out to solve a problem The unemployment rate, especially amongst youths, is alarming, so it is encouraging to see many youths yearning to start their own businesses. Again, some great stories of successful entrepreneurs can spark the hunger for starting a business. However, as great as the dream may be, it is important that …
Taxes – the cost of civic duty Every Nigerian deserves a better standard of living. Unfortunately, access to basic necessities of life such as housing, portable water, electricity, roads, and healthcare have become luxuries. The government continues to make efforts to provide these infrastructures, in recognition of its duty to Nigerians. Incidentally, the ability of …
Need small business loans? These are four reasons why you should apply for a loan as a small business owner. It is common to hold a grudge against the familiar economist axiom of “all things being equal”, especially in a society like Nigeria where there is a pattern of economic instability and unforeseen obstacles that …
