Top 10 Banks Offering Loans Without Collateral In Nigeria (2026)

This article is about the top 10 banks offering loans without collateral in Nigeria this 2026. Getting loans without collateral has always been a struggle for individuals as well as companies in Nigeria.

Many people have had difficulty obtaining much-needed finances for personal or business needs because of the customary necessity of collateral, such as property or assets.

With the development of financial inclusion and Nigeria’s banking industry, numerous institutions are now able to provide loans without collateral, giving individuals in need a lifeline.

As we proceed, we will talk about the top banks in Nigeria that provide loans without collateral, giving you a thorough rundown of all the features and products they have to offer.

Whether you are a salary earner or an entrepreneur, knowing your options will help you reach your financial objectives and make wise decisions.

WHAT ARE LOANS WITHOUT COLLATERAL?

Loans without collateral, also known as unsecured loans, are credit instruments that banks and other financial organisations provide to people and companies without requiring any kind of security or collateral.

These loans are intended to give borrowers in Nigeria easy access to money for a range of uses, including emergency necessities, business expansion, and personal expenses.

TOP 10 BANKS THAT OFFER LOANS WITHOUT COLLATERAL IN NIGERIA 2024

The following are the 10 leading banks that offer loans without collateral in Nigeria this 2026:

GUARANTY TRUST BANK (QUICK CREDIT LOAN)

Quick Credit is a personal loan product that GTBank, one of the top banks in Nigeria, provides to its clients.

Quick Credit is a non-collateral credit that gives borrowers the money they need for their own personal needs.

Salary earners are eligible for this loan since it allows them to borrow money immediately and repay it over a maximum of 12 months.

Funds up to ₦5 million are available through Quick Credit, with a monthly interest rate of 2.45%.

By dialling *737*51*51#, borrowers can request QuickCredit instantaneously. Additionally, it can be accessed using all GTBank mobile and internet banking platforms.

STERLING BANK (SPECTA LOAN)

In just five minutes, Sterling Bank Specta provides loans up to ₦5 million. No paperwork, no collateral, and no in-person visits are necessary. Salary earners, entrepreneurs, and youth corpers can apply for a loan.

A personal loan can be applied for by self-employed people, company owners, professionals, traders, and owners of accounts in any bank, not simply Sterling Bank.

With Specta spending limits, Specta provides financing solutions to help businesses increase sales and get payments from clients.

The annual interest rate is 25.5%. In addition, there are one-time payments for things like management costs (1%) and insurance fees (2.5%).

Repayments are due each month for a total of twelve months. The loan can be disbursed in as little as five minutes after a simple and quick application process.

FCMB (FAST CASH LOAN)

For your immediate financial needs, FCMB Fast Cash is a digital loan that requires no collateral. Applying for an FCMB FastCash loan can be done through the USSD code *329*11# or the mobile app.

You are able to borrow a maximum of ₦200,000. Terms of repayment are three months. This offer is currently open to FCMB customers only.

Non-customers can access the loan by opening an account with FCMB by dialing the code *329#. The status of the customer’s account determines the interest rate.

A risk-based interest rate of 15% is available to FCMB customers for every disbursement; this works out to an annual percentage rate (APR) of 180%.

WEMA BANK (PERSONAL LOAN)

Employees who maintain a Salary Current or Savings Account with Wema Bank are eligible for Wema personal loans.

This product is also accessible to groups of salary earners under an association and officially employed workers of businesses or employers that have received preapproval from Wema Bank.

The minimum Wema Personal Loan amount you can access is ₦100,000. ₦5 million is the maximum loan amount.

For Wema Personal Loans, the loan duration, or payback time, ranges from six to 48 months.

The monthly interest rate for Wema Personal Loans is 2%, and the annual interest rate starts at 15%.

Since the Wema Personal Loan is unsecured, collateral is not required to obtain approval. By dialling *945*65#, you can apply for a personal loan from Wema.

STANBIC IBTC (PERSONAL LOAN)

With a flexible payment plan, the medium-to long-term Stanbic IBTC unsecured personal loan allows you to access funds for personal expenses including house rent, car maintenance, educational expenses, and household equipment at any time.

In order to get the Stanbic IBTC personal loan, you need to satisfy the following requirements:

• You must have been with your current employer for six months or longer
• Your salary must be paid into an account held with Stanbic IBTC
• You need to be permanently employed or be a contract worker at an approved company with valid contract terms
• You have to be a Nigerian citizen with permanent residency
• You should earn a minimum net monthly income of ₦20 000
• You must be 21 years or older (but not older than 60 years on expiration of the facility)
• You must have a satisfactory credit bureau report.

ACCESS BANK (PAYDAY LOAN)

The Access Bank Payday Loan is an instant loan product for customers (both salary and non-salary earners). This instant loan helps with softening the blow on emergency situations.

You can borrow money at a low-interest rate with the Access Bank Payday loan and you do not need any documentation or collateral for this.

By dialling *901*11# or *426*11#, or by using Internet Banking, WhatsApp Banking, the Access Mobile App, the QuickBucks App, or Access Mobile, you can obtain an instant loan.

Features of the Access Bank Payday Loan include the following:

• 24/7 service which does not require visits to the bank and application is done conveniently via *901*11#, *426#, QuickBucks App, Internet Banking, Mobile App
• No documentation required
• No collateral required
• Up to 36 months tenure.

FIDELITY BANK (PAYDAY LOAN)

Employees of public and commercial organisations whose staff salary accounts are domiciled with Fidelity Bank are eligible to apply for the Fidelity Payday Loan.

Furthermore, it doesn’t require any kind of collateral or documentation. The salary account needs to be open and functioning for a minimum of three months at Fidelity Bank. *770*08# is the access code for the loan.

Additionally, Non-Fidelity bank customers who use payroll providers such as Tenece, Veripay, and REMITA to process their salaries are eligible for the loan.

FIRST BANK (FIRST CREDIT LOAN)

First Credit is a digital lending platform made to provide you with instant and easy loans to finance your transactions.

Loans are available without having to visit the bank, from any location. A smartphone or tablet is all that is needed by the customer; no documentation or collateral is needed. To apply, dial *894#.

UNITED BANK FOR AFRICA (PERSONAL LOAN)

All salaried individuals can use the UBA Personal Loan product to help them realise their lifelong goals.

You can pay for training to better yourself, pay for home renovations, pay for medical bills, grow your side business, and so much more with this product.

PROVIDUS BANK (SALARY ADVANCE LOAN) 

For a maximum of three months, borrowers can access 50% of their net monthly earnings with the Providus Bank salary Advance.

It gives workers access to quick money. No collateral or documentation is needed. The applicant must have a Providus Bank account as his/her salaried account.