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Navigating personal loans as a first-time borrower can be tricky. Here are the best options tailored just for you.
APR
—
Amount
₦5k–₦150k
Kuda app account required; monthly installment repayment; no paperwork
Term: 1–12mo
APR
20.0–28.0%
Amount
₦200k
Salary account with FirstBank; employer salary domiciliation letter; minimum documentation; credit insurance premium required
Term: 6–60mo
APR
35.4%
Amount
₦5k–₦5M
Salary account holder with 6 months salary history, ₦20,000 monthly lodgement, ₦30,000 net salary minimum, clean credit bureau report
Term: 1–12mo
APR
54–195%
Amount
₦2.5k–₦1M
APR
25.44–31.8%
Amount
₦50k
Digital application through the Renmoney app; identity and income checks may apply
Term: 3–24mo
APR
60.0%
Amount
₦1.5k–₦1M
No collateral; smartphone app application
Term: 1–12mo
