Urgent Loan in Nigeria Without Collateral and Documentation

Are you looking for an urgent loan in Nigeria without collateral and documentation online as a student, graduate, salary earner, or business owner?

If YES, this article is only what you need to read today.

Getting started…

Urgent Loan in Nigeria without Collateral and Documentation

Urgent loans are unsecured personal loans that you can access fast and get the funds in your account a day or two after you get approved for the loan.

Urgent loans don’t require you to put up any collateral.

You don’t have to worry about losing your assets, such as your car or home, if you can’t afford to pay back the loan.

However, failing to repay it can reduce your credit score.

Lenders will look at your credit and income to determine whether you qualify for a loan.

Borrowers with good to excellent credit will qualify for the lowest rates.

If you’re in a tight situation and don’t have money, there’s not much you can do about it at that moment.

Some situations that might require an urgent loan in Nigeria include:

  • Car repair.
  • Feeding because of late salary payment.
  • Funeral and burial expenses.
  • Gas, electric and water bills payment.
  • Hospital bills.
  • Property repair.
  • School fees.
  • Unexpected travels.

Well, worry no more.

Branch is a reliable company that offers urgent loans to Nigerians.

Branch uses data from your phone, including your handset details and SMS messages, to automatically make lending decisions.

This is combined with your Branch repayment history to build an individualized credit score, which determines the loan offers you receive.

Requirements for Branch Urgent Loan

All you need to apply is your:

Branch loan sizes range from ₦2,000 to ₦500,000.

Applying for an urgent loan is easy!

After you have downloaded the Branch app, all you need to do is sign up, navigate to the “Loans” option at the bottom of the home screen, and fill in your personal details, phone number and bank details.

Then you can view loan offers, select an option, and tap “Apply”.

If you repay loans as scheduled, the amount that you can borrow will increase.

The loan offers you see depend on several factors, including your repayment history with Branch.

If you repay each installment by its due date, you may unlock access to larger loans.

Note that the increase may not always be immediate, and that repaying your loan late may cause smaller loan offers.

If you don’t get accepted when you apply, don’t worry!

Sometimes it may take several attempts to qualify for a loan.

To increase your chances of approval, please save the data on your phone, stay current with all other lenders, and correctly input your account details.

Interest rates are determined by several factors, including your repayment history with Branch and the cost of lending for us.

Depending on these factors, the rates vary.

  • Loan Terms: 9 – 52 Weeks
  • Late/Rollover Fees: None
  • Interest Range: 17% – 40%
  • Equivalent Monthly Interest: 1.5% – 20%
  • Equivalent APR: 18% – 260%

Borrowers are required to cover any bank transaction fees associated with repaying the loan.

Standard SMS and data charges by your mobile carrier may apply.

There are several ways to repay a Branch loan.

  • In the Branch app with a debit card.
  • Via bank transfer to your unique account number. In the Branch app, select ‘Bank transfer’ as the repayment method to view your unique account number.
  • For GT Bank, Sterling, UBA, and Zenith accounts only, in the Branch app via USSD.


An urgent loan in Nigeria is for people experiencing short-term financial emergencies.

Urgent loans often have brief terms and high interest rates and fees because lenders know that if you’re in an emergency, you may not have a lot of options.

So, try to arrange your finances before you experience an emergency so that you’re prepared.

READ ⇒  5 Banks That Give Instant Loan in Nigeria ▷ Get ₦1.7m Now!

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Saint Chinedu

My GOAL is to equip you with the right strategy and working information to improve your academic performance, financial situation, and health this month.

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