Top 10 Banks Offering Instant Loans in Nigeria (2022)

Would you have believed it if someone had told you a few years ago that you could walk into a bank and get an instant loan with no collateral? I guess that will sound utterly ridiculous. The truth is that sometimes we find ourselves in a situation where borrowing money is the only way out, despite the fact that many people disapprove of people trying to get a loan.

In the 21st century, there are many opportunities to borrow money and the number of lenders is constantly increasing. In fact, getting a loan these days is so easy that you can apply for one without even talking to the lenders directly. But because banks protect your profile, privacy, security number and other personal information, it is safer to borrow money from them than from an online money lender.

However, we can confidently say that there are over 10 banks in the Nigerian banking sector that provide this service, and we have helped you compile the top 10 banks that offer instant unsecured loans in Nigeria.

List of Banks Offering Collateral Free Instant Loans in Nigeria

Here are the top 10 lists of Nigerian banks offering instant loans:

  1. FCMB
  2. Access Bank
  3. GTCO (GTBank)
  4. Wema Bank
  5. Zenith Bank
  6. Loyalty bank
  7. Stanbic IBTC
  8. UBA
  9. Polaris Bank
  10. First Bank

1. First City Monument Bank (FCMB)

One of the leading Nigerian banks offering instant loans is FCMB. It is renowned for providing top-notch services to its clients. It is a convenient, paperless credit facility that you can use for your urgent and urgent needs without providing collateral.

FCMB provides the following loan services without collateral:

  • Fast cash loan
  • Supplementary Salary Loan
  • Automatic loan
  • Premium Salary Loan

For your urgent and time-sensitive needs, FCMB FastCash is a convenient, paperless, collateral-free credit facility. You can apply instantly using the smartphone app or USSD code *329*11#.

2. Access bank loans Without warranty

With the help of the Access more mobile app, you can apply for a variety of Access Bank loans quickly and at low interest rates. The Access Bank More app must first be installed in order to start the process.

Access bank offers the following unsecured loan services:

Applying for this type of loan is simple with the Access Bank (Access more) mobile app or dial *901*11*1#.

3. Trust Bank Ltd (GTCO) Guarantee

A lending option from GTCO formerly known as GTBank is the Quick credit, which can be obtained very quickly and easily. Two hours after approval, you receive the money in your bank account. You just need to compose a shortcode to apply for this loan, which is its most fascinating feature.

Dial *737*51*51# or login to any GTBank online and mobile banking platform (GTBank mobile app)

4. Wema bank loan without collateral

Wema Bank is one of the most trusted banks in Nigeria and the founder of ALAT, the first fully digital bank in Africa that offers instant loans to its customers. The bank has been in the banking industry for over 60 years and has continued to innovate by bringing value to its stakeholders. It is easier to get a loan from WEMA Bank without collateral if you maintain a salary checking account or a savings account. The maximum loan amount is N2 million, which is seven times the borrower’s net monthly income. Only confirmed employees are eligible for the 48 hour loan disbursement period of the Wema loan. Simply dial *945*65# and follow the instructions to get loans in Nigeria from WEMA Bank.

5. Zenith bank loan without guarantee

Zenith Bank offers a variety of loans, including SME loans, overdrafts, receivables or invoice discounting, LPO financing, import financing facilities, export financing facilities, term loans, leases, bonds and guarantees and personal loans for plans. moreover, each of these loans has a predetermined duration which often does not exceed twelve months. Without the bank requiring a guarantee, all these coins are at your disposal and to start with the application, dial * 966 * 00 # from your mobile device.

6. Fidelity unsecured bank loan

The SME-friendly bank has won numerous accolades and accolades to secure a position in the retail banking industry. Fidelity Easy Asset Leasing Program [FEALS] is managed by Fidelity Bank and offers unsecured loans for personal and business use. Customers can buy household appliances, new cars, generators, inverters, computers and other items from FEALS. With a 48-hour approval window, the minimum contribution is as low as 20%. Dial *770*08# to apply now.

7. IBTC Stanbic loan without collateral

Another Nigerian bank that provides loans for personal and business purposes is the subsidiary of Standard Bank Group. One of the banks in Nigeria that will give you a loan without a payday account is this one. Repayment terms vary from one to five years. Monthly payments are made within this time frame. First, dial *909*44# or use your own Stanbic IBTC mobile app to apply.

8. Unite Bank For Africa (UBA) Unsecured Loan

The personal overdraft and the well-known phrase “enough money for your dreams” relate to UBA. Borrowers have the power to spend a little more on what they want with the first. In order to repair your automobile, cover medical expenses, or manage other situations, you may need extra money. How you decide to apply for your instant loan is up to you. And Twhere to applySend a completed loan application form and any necessary documents to any branch. Execute a letter of offer outlining the terms and conditions of the loan after it is approved. The proceeds of the loan will be deposited into a salary account held by UBA.

9. Polaris Bank Loan

Polaris Bank is another provider of unsecured loans in Nigeria for individuals or businesses. Nigeria’s finest banking institutions, with over 350 branches and treasury centers nationwide and top-notch financial services. It operates as a group that offers a variety of financial services, including instant loans that are backed by technology specifically designed to help service customers without collateral.

In order to apply for this Polaris Bank loan without collateral, complete a loan application at any Polaris Bank store near you. submit the completed loan application along with all necessary loan documents. Within 48 hours, the loan will be paid into your account.

10. First unsecured bank loan

With over 10 million active customer accounts, Nigeria’s premier commercial bank is well known. Customers and investors in Africa can choose from a wide range of personal and business financial services. Private school operators who need extra money for their operations can apply for a FirstEdu loan through FirstBank. It offers a maximum loan amount of N10 million with a nine-month account connection. Additionally, the only private schools eligible to use FirstEdu are those registered with the CAC. The population of 100 students is also considered.


In summary, FCMB, Access Bank, GTCO (GTBank), Wema Bank, Zenith Bank, Fidelity Bank, Stanbic IBTC, UBA, Polaris Bank and First Bank are the top 10 Nigerian banks offering collateral free instant loans. We advise you to do your research just before applying for a loan from a bank. You should monitor these banks in addition to the information we have already provided to determine which platform is ideal for you. Plus, when applying for a loan, you can quickly compare loan offers from other lenders to make the best possible choices.

About Brandon A. Hood

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