Top 5 Loans With No Documents in Nigeria

In Nigeria, getting a loan can be difficult because of the long and complicated process. They may require a lot of documents and it can be a problem if you don’t have the time or resources to gather all the information required. Another downside is that if you manage to get the loan, you may end up paying high-interest rates.

However, there are loans available that don’t require any documentation and they can be an excellent choice if you need money right away.. These loans are quick and easy to obtain, and they come with low-interest rates.

So if you need some quick cash, here are five lenders you can turn to without having to go through the hassle:

  1. Carbon (PayLater) Loan
  2. FairMoney Loan
  3. Aella Credit Loan
  4. JumiaOne Loan
  5. Okash Loan

#1. Carbon (PayLater) Loan

The Carbon (PayLater) loan is one of the most popular loans with no documents in Nigeria because it is easily accessible and very user-friendly. The application process is 100% online and you will get approved for a loan in minutes.

One of the best things about this loan is that you can use it for anything you want, whether it’s for business or personal purposes. So, if you need quick cash and don’t have time to go through the hassle of applying for a traditional bank loan, then a Carbon loan is your best bet.

Carbon offers loans from ₦5,000 to ₦1,000,000 with interest rates as low as 5%. To apply for a loan, all you need to do is download the Carbon app from Google Play Store or the App Store, sign up for an account and then apply for a loan. It’s that simple!

#2. FairMoney Loan

FairMoney is one of the best mobile banking platforms that provide access to financial services for millions of Nigerians. One of the services they offer is a loan with no documents. The FairMoney loan is very similar to the Carbon loan in the sense that it is easy to access and straightforward.

The Fairmoney loan application process is super easy and they can approve your loan within some few minutes. The minimum amount you can borrow is ₦10,000 while the maximum amount is ₦40,000  with an interest rate range of 18% – 30%. Most times, the cost of lending and your repayment history determines if you’re eligible for this loan.

There are several products you can get under the FairMoney loan and they include:

  • Business loans
  • Payday loans, and
  • Education loans.

So, to apply for a FairMoney loan, all you need to do is download the FairMoney app and then sign up for an account. You can then apply for a loan and it will be provided with a period of between 24 hours to 7 weeks.

#3. Aella Credit Loan

The Aella Credit loan is one of the most convenient loans you can get in Nigeria as it offers same-day approval and disbursement with a remarkably low-interest rate and no late fees. This implies that even if you are late with your loan payment, you won’t be charged any fines.

They reward devoted repeat clients with lower rates and an extremely flexible repayment schedule. The minimum amount you can borrow is ₦5,000 and the maximum amount is ₦90,000  with an interest rate of 4%-29% per month.

To apply for this loan, here are some requirements needed:

  • Your bank details
  • Bank Verification Number
  • Your photo
  • Name, contact information (phone, email), and other basic details
  • Employee ID

#4. Jumia One Loan

Jumia One loan is a product of Jumia, one of the leading e-commerce platforms in Nigeria. And this loan is quite similar to the Aella Credit loan in the sense that it doesn’t require any documents. However, to be eligible for this loan, you need to have an account with JumiaPay.

Types of Loans You Can Get Under Jumia One Loan:

  • Payday Loans: This kind of loan is provided to workers and the repayment period is usually short, ranging from 2 to 4 weeks. To be eligible for this loan, you need to be functional in an organization, a company, or a ministry.
  • Business: These loans are developed to assist with general commercial operations and cover cash flow payments.
  • Education: This form of loan can be accessed by university and polytechnic students to cater to their school fees. The repayment period is usually between 6 months to 1 year.

New borrowers can borrow N10,000, and if you have a good credit score, you can borrow up to N100,000. When applying, you will need to fill in your bank details, BVN, the Jumia One app, a mobile phone, and your application.

#5. Okash Loan App

Okash aims at providing access to financial services for people who need it the most. To be eligible for an Okash loan, you need to have a smartphone, an active Facebook account, and a bank account.

When you apply for the Okash loan, you don’t need to present any collateral or documents before you receive the funds. All you need to do is download the Okash app, sign up, and then apply for a loan.

The minimum amount you can borrow is ₦1,000 while the maximum amount is  N10,000 with an interest rate of 23%-35% per month. The Okash loan app is available for download on Google Play Store and App store. If you’re not between the age range of 20-55 years old, you can’t apply for this loan.


When you apply for loans in Nigeria, whether with collateral or not, you should ensure that you can repay the loan. If you’re not able to repay the loan, it will affect your credit score and make it difficult for you to access loans in the future.

Also, ensure that you read the terms and conditions of the loan before signing up. This will help you to understand the repayment period, interest rate, and other conditions of the loan.


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