It offers collateral-free personal loans but application requires you submitting some documents at their office or having them pick it up from yours. Documents required include means of national identity, post-dated cheques, bank statement and a passport photograph. The interest rates start and 4% and above. The repayment period is between 1 and 9 months. The repayment method is either by debit card or debit deposit.
Part of the process of applying for a loan online on Zedvance includes uploading some supporting documents. The requirements are valid bank details. The interest rates are between 7.5% to 58%. The repayment period is between 1 and 12 months. You can use cheques and direct deposit to repay the loan.
It uses information on your phone to make lending decisions. This includes handset details, SMS logs, call logs and contact list. The loans here are repaid in four weekly installments. The requirements are; a Facebook account, valid bank details and BVN. The interest rate is 20%. The repayment period is one month. You can use debit card, auto-debit or the mobile banking app when it comes to repaying.
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It provides personal loans to both salary earners and entrepreneurs. The requirements needed are guarantor, physical documents and personal bank details. The interest rates are between 5% for a month and 59.99% for 12 months. The repayment period is one month and beyond. You repay through direct debit.
Applying for a loan on it requires you to have a source of income, even selecting employment status options like student, unemployed or retired as your employment status. And in addition to accessing a loan, phone airtime can be purchased using the app. The requirements are Facebook account, a valid and active phone number, bank details and source of income. The interest rate is 1% daily. The repayment period is between 5 and 30 days. You repay through debit card and direct deposit.
To access loan from it, you have to be an employee of a vetted organization where you must have been working in for not less than 6 months. You need to present 3 months statement of account and you will also need your employer’s approval before accessing the loan. The requirements are government approved ID card, staff ID and a salary account with a commercial bank in Nigeria. The interest rate is between 28% and 31%. The repayment period is one month. You repay through direct debit.
To access a loan from here you need to upload a selfie showing you holding an ID card. You also need a letter of employment or your business details if you indicate self-employment. There is a N50 charge to verify the debit card associated with linked account. You also provide details of your next of kin. The requirements are Facebook account, bank details and proof of employment. The interest rates are between 20% and 30%. The repayment period is one month. You use a direct debit to repay your loan.