Every bank gives loans in Nigeria, be it commercial banks or digital banks. If you need a loan, you can simply take loans from these banks. But what if you need a loan that has to be given instantly? Aside from loan apps, only a few banks in Nigeria can give instant loans. In this article you’re reading on NaijaKnowHow, we’re going to show you the list of banks that give loans instantly in Nigeria. Another great option to take loans in Nigeria is via microfinance banks and sometimes they give instant loans as well.
List of Banks That Give Loans Instantly in Nigeria
To get loans from any of these banks, you must be a customer. You also need to have the required documents for loan approvals. Here’s a list of commercial banks that’ll give you instant loans in Nigeria.
1. Zenith Bank
Zenith Bank is one of the popular commercial banks in Nigeria that give loans. You need to be a customer with a salary account or corporate account with Zenith Bank. There are different types of loans you can apply for as a Zenith Bank customer, some of their loans have low-interest rates. You’ll get loans with a long repayment period. They offer SME loans, Salary Loans, LPO Finance loans and so on. The loan approval process with Zenith Bank is not that stressful. Here’s an article you can read on how to borrow money from Zenith Bank.
2. FirstBank
FirstBank loans can be applied for via the USSD code and on the FirstMonie app. Applying for a loan from FirstBank is quite possible and they offer instant loans as well. There are different types of loans available from FirstBank, while some can be gotten instant, others might take a while. You can get a loan offer from FirstBank if you’re a salary earner, their commission rates are quite considerable. Loans can be repaid within 3 to 6 months. FirstBank is one of the banks that give loans in Nigeria. While seeking for FirstBank loan, here’s a guide you can follow on how to borrow money from FirstBank.
3. Access Bank
From Personal Loans to Payday Loans, Access Bank offers different varieties of loans for its customers. Getting a loan from Access Bank is feasible and they’re one of the few commercial banks that you can apply for a loan as a customer. Access Bank loans can come instantly as long as you meet their requirements. The loan process on Access Bank isn’t tedious. If you’re facing a hard time applying for a loan on Access Bank. If you check our Banking & Finance section, you’ll find guides on how to borrow money from Access Bank.
4. Union Bank
Union Bank offers loans that cover retirements, other loans like personal finance, back-to-school loans, UnionFlexi loans and so on. Having a Union Bank account with great records means you can stand a chance to apply for loans. Amongst all commercial banks that give loans in Nigeria, Union Bank loans happen to be one of the best you can apply for, they have instant loans that’ll be disbursed into your account. To apply for Union Bank loans, here’s a way to apply for Union Bank loans.
5. Fidelity Bank
One of the banks that can give you instant loans within 48 hours in Nigeria is Fidelity Bank. You’ll get different categories of loans from Fidelity Bank and most of their loans operates under FEALS. Their loans are flexible, you can apply directly from the Fidelity app or by walking into any nearby Fidelity brank. To apply for loans online, here’s a quick guide on how to borrow money from Fidelity Bank.
6. FCMB
First City Monument Bank offers loans like salary loans, auto loans, fast cash loans and so on. One quick benefit of being an FCMB customer is that their loans can be granted via USSD code. FCMB is one of the leading commercial banks in Nigeria that offers quick financial solutions, their loans don’t usually have collaterals attached.
7. WEMA Bank
One of the quick ways to apply for Wema Bank loans is through the Alat by Wema app. There are varieties of loan options at Wema Bank, they have Payday loans, salary loans, device loans and so on. Most of these loans usually come instantly, they have flexible interest rates. There’s no need to go to any Wema Bank branch, all loans can be applied for via the Alat by Wema app.
Conclusion
Taking loans from commercial banks is possible. While most banks take time to give out loans, the above-listed banks in this article have shown you can get instant loans. So if you’re looking for a bank that’ll give you instant loans, you got them. Now don’t forget to share this article with those who might need it.
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