Top 15 Best Ways To Get A 50000 Instant Loan In Nigeria [ UPDATED ]
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Best Ways To Get A 50000 Instant Loan In Nigeria

Best Ways To Get A 50000 Instant Loan In Nigeria – If you are seeing this article, it means that you are looking for how you can get a 50,000 instant loan but not to worry as we have got you covered. There are a lot of loan apps and websites in Nigeria where you can get up to N50,000 instant loan without any paperwork and hassle.

READ ALSO: Best Loan Apps In Nigeria

These online lending platforms are fast and reliable and you get to assess the loan from anywhere and any day. You just have to meet their lending requirements which are not really much of a task provided you have your BVN and the money will be credited to your bank account in minutes.

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In this write up, we will be looking at some of the lending platforms where you can get 50,000 instant loan.

How To Get 50,000 Instant Loan

The money lending apps we will be looking at in this article are some of the best when it comes to getting instant loans as they have fair interest rate and convenient repayment periods.

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Let’s look at these apps:

RenMoney

This is another wonderful lending platform in Nigeria and it has become so popular because of its wonderful loan options and flexible repayment options.

You just have to provide your BVN and other information requested by them. You don’t need collateral or any paperwork to get loan from this platform.

Alat by Wema

This is the first ever fully digital bank in Nigeria and it is owned by Wema Bank. This loan platform grants quick and instant loans to its users without needing any paperwork.

With the app, you could access between N50,000 to N4 million especially if you are a salary earner with low interest rate and flexible repayment options.

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AellaCredit

This lending platform allows you to get quick cash loans in Nigeria. It allows its users to assess personal and business loans of up to N700,000 with the mobile app with an interest rate of between 4 to 29% monthly.

This app also offers other financial services like bill payments, affordable insurance services and investments.

Loanspot

This is one of the best and most reliable lending platforms where you can get up to N50,000 loan amount. This platform connects its users with several lenders across Nigeria and you could get a loan in just few minutes.

This platform gives you access to loans at cheaper rates and convenient repayment periods.

FairMoney

This is a licensed loan app that is regulated by CBN that provides quick loans its users to help them meet up with immediate needs and emergencies. All you need to do is provide your BVN and you will be able to assess its loan options.

You could assess loan amount of up to N150,000 with an interest rate between 5% to 28%.

Carbon

This was formerly called PayLater and with this app, you could get 50,000 instant loan. The platform is a digital finance platform that allows you get loans to meet up with unforeseen events and needs.

To apply for loan with this platform, you will need your BVN and also provide a brief bio data.

Branch

This lending platform are very reliable when it comes to instant loans as they offer loan amount of up to N200,000 in just 24 hours. They are very quick to respond and they offer the loans with low interest rate and flexible repayment options.

Okash

This lending platform is owned by Opay and it is very easy to use. It provides you with decision on your loan application within 15 seconds and if your loan application is approved, you will receive the funds directly to your bank account within 5 minutes.

With this loan app, you can get 50,000 instant loan as you can access loan amount from N3,000 to N500,000 with interest rate of 0.1% to 1% and repayment period from 91 days to 365 days.

PalmCredit

This is another wonderful loan platform where you can get loan in just 15 minutes. With this loan app, you can assess instant loans of about N2,000 to N100,000 without any paperwork or documentation.

You must be up to 18 years of age before you can assess this loan and one sweet thing about using this loan app is that if you refer someone to use this app, you will be rewarded.

Fast Money

Like the name implies, you could get instant loans of up to N300,000 without collateral in just minutes without collateral. They offer loans with low interest rate and flexible repayment options.

KwikMoney (MIGO)

This is not an app but it is an easy way to get 50,000 instant loan as you just need your smartphone and the number you registered with your bank account.

You don’t need any paperwork or collateral and you would get the loan in few minutes. If you repay the loan early, it increases your chances of getting another loan when you apply again.

You can visit www.kwikmoney.com/ to access the loan.

CreditVille

This is loan app offers loan between N100,000 to N4,000,000 without collateral. It offers loans at low interest rates with flexible repayment period.

You could visit the website www.creditvillegroup.com/ to fill out the application form and apply for loan without hassle.

Final Note

If you are looking for how to get 50,000 instant loan, we have done half of the job for you as we have shown you some of the best lending platforms to consider as they provide quick and accessible loans to all their customers with low interest rate.

You don’t need any paperwork or collateral to be able to access their loan options.

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