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Compare Personal Loans in Nigeria

Find the best loans for your personal needs at a rate you can afford

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Choose the best Personal loan for you

Payday Loans

Payday loans are short-term loans available for salary earners. With a payday loan, you can borrow money at an agreed interest rate with little or no documentation or collateral needed. Need cash before your next payday? This is the loan for you.

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Payday Loans

Eligibility Criteria

  • Be at least 18 years old.
  • Be a Nigerian citizen or resident with a valid form of identification.
  • Have an active bank account.
  • Be a salary earner.
  • Have received a salary for at least 3 consecutive months.
  • Have a good credit score and history.

Please note that eligibility criteria may vary depending on the financial institution.It’s important to go over the criteria specified by the financial institution you choose.

Application requirements

  • Bank Verification Number.
  • Copy of valid form of identification.
  • Passport Photograph
  • Employment / Confirmation / Last Promotion Letter
  • Staff ID Card
  • Bank statements for the past 6 months.
  • Credit score report.
  • Any other supporting documents requested by the lender, such as proof of address, utility bills, etc.

Please note that requirements may vary depending on the lender.It’s important to go over the requirements specified by the lender you choose.

Quick Loans

Quick loans are loans that are issued in a short amount of time at an agreed interest rate and are often subject to less rigorous approval processes. Whether you are a salary earner or self-employed, you can get the quick cash you need.

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Quick Loans

Eligibility Criteria

  • Be at least 18 years old.
  • Be a Nigerian citizen or resident with a valid form of identification.
  • Have an active bank account.
  • Have proof of a steady source of income such as employment or business.
  • Have a good credit score and history.

Please note that eligibility criteria may vary depending on the financial institution.It’s important to go over the criteria specified by the financial institution you choose.

Application requirements

  • Bank Verification Number.
  • Copy of valid form of identification.
  • Passport Photograph
  • Proof of employment (Self-employed individuals may be required to provide business registration documents, etc., to prove their income source and financial stability).
  • Bank statements for the past 6 months.
  • Credit score report.
  • Any other supporting documents requested by the lender, such as proof of address, utility bills, etc.

Please note that requirements may vary depending on the lender.It’s important to go over the requirements specified by the lender you choose.

Consumer Loans

Consumer loans are a great way to finance your life’s big purchase or cover unexpected expenses. With competitive interest rates and flexible repayment options, consumer loans offer an affordable solution to meet your financial needs.

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Consumer Loans

Eligibility Criteria

  • Be at least 18 years old.
  • Be a Nigerian citizen or resident with a valid form of identification.
  • Have an active bank account.
  • Have proof of a steady source of income such as employment or business.
  • Have a good credit score and history.

Please note that eligibility criteria may vary depending on the financial institution.It’s important to go over the criteria specified by the financial institution you choose.

Application requirements

  • Bank Verification Number.
  • Copy of valid form of identification.
  • Passport Photograph
  • Proof of employment (Self-employed individuals may be required to provide business registration documents, etc., to prove their income source and financial stability).
  • Bank statements for the past 6 months.
  • Credit score report.
  • Any other supporting documents requested by the lender, such as proof of address, utility bills, etc.

Please note that requirements may vary depending on the lender.It’s important to go over the requirements specified by the lender you choose.

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Find the Best Personal Loan for You in Minutes

Compare Personal Loan Options from Top Lenders and Save More

At nairaCompare, we understand that finding the right personal loan in Nigeria can be a difficult and time-consuming process. That’s why we’ve streamlined everything to ensure you have a seamless experience. We make it easy to compare bank personal loans interest rates, terms, conditions, and apply from top lenders in one convenient place.

Compare Rates

  • See All Your Options at a Glance: Instantly view interest rates from multiple lenders side by side, making it easy to identify the most competitive offers and get the best low interest personal loans in Nigeria.

Examine Terms and Conditions

  • Transparent and Detailed Information: We provide clear, comprehensive details about each personal loan offer, including repayment schedules, fees, and any special conditions. This transparency helps you understand what you're committing to before deciding.

User-Friendly Application Process

  • One-Stop Application: After comparing personal loan options, apply directly through our platform. Our integrated system allows you to submit your application to your chosen lender without leaving nairaCompare.

Access to Top Lenders

  • Trusted and Reputable Partners: We partner with top verified lenders who are known for their reliability and excellent service. This ensures that you have access to high-quality loan products from credible institutions.

Frequently Asked Questions

We answered some questions, so you don't have to ask them

Find the best loans for your personal needs at a rate you can afford

Lenders consider factors like your credit score, income, employment history, and debt-to-income ratio when determining your eligibility for a personal loan. A good credit history and stable financial situation generally improve your chances. 

How much can I borrow with a personal loan?

Loan amounts vary depending on the lender, your creditworthiness, and your ability to repay. Lenders often have minimum and maximum loan limits, and the specific amount you're eligible for will be determined during the application process. 

What's the difference between a secured and unsecured personal loan?

A secured personal loan requires collateral (like a car or savings account), which the lender can claim if you fail to repay. An unsecured personal loan doesn't require collateral but may have higher interest rates since it carries more risk for the lender. 

How can I use a personal loan?

Personal loans are versatile and can be used for a variety of purposes such as debt consolidation, home improvement, medical bills, education expenses, and even vacations. The use depends on your needs and financial goals.

What our users say about us

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Grenadines Homes

One stop shop for everything about loans. Naira Compare will not just helps you compare loans, they also help you secure it. I enjoyed the service.

August, 2021

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Taibat Orogho

Just the service I needed. Helps users compare loans and other financial products, and make informed decisions. It is also very simple and easy to navigate!

November, 2022

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Promise Ndah

No stress at all, thank you very much, really appreciate.

October, 2022

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Okebukunola Wuraola

Makes the loan process very easy. You can compare loans in one place and make decisions.

August, 2021

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