Learn how and where to get easy and affordable Payday Loans in Nigeria

Learn how and where to get easy and affordable Payday Loans in Nigeria

Payday loans are facilities designed for salary earners to enable them source funds to meet their immediate and emergency cash challenge at any point in time.

There’re no many financial institutions or credit issuing agencies who will in most cases make these kind of funds readily available, as it’s being considered as soft loan.

The core benefit of payday loansis that, they enable you leverage on funds

especially when in need to pay your children school fees, settle your tenancy, hospital bills etc, provided you’re an employee you can access this loan.

What are Payday Loans?

These are loans which their repayment is usually done immediately your salary is being credited to your bank account for the month which the loan is being streamlined or sourced, the repayment could as well be scheduled in installment.

There’re however regulatory and non-regulatory institutions who have maintained a track record in disbursement of these loans, for the purpose of this guide, I will take you by the hands and show you the most effective loans available, to help you attain to your urgent financial needs.

How and where to access a payaday loan?

You may have to check any of the below lenders as appropriate to your taste and financial outlay;

#1 Creditville Limited: This is a quick loan product designed for salary earners, which offers in the neighborhood of N200,000 and N2,000,000 to its borrowers to meet their urgent financial needs.

To think that they offer this facility without collateral makes it even far appetizing, they have a repayment schedule that run for up to 12 months.

As expected, the repayment is targeted at your payday which can be remitted through direct debit, cheque deposit and online payment.

Requirements

You will have to provide a suitable guarantor in place, who has to be a staff of any commercial bank in Nigeria, a senior management staff of a blue chip company or a senior civil servant from grade level 14 and above.

One passport photograph each from the borrower and the guarantor.

Your copy of work place ID card.

  • Copy of your Guarantor’s work place ID card.
  • Duly completed loan request letter Postdated NUBAN Cheques from client.
  • One blank undated NUBAN Cheque from Guarantor.
  • Your last six months’ salary current account statement duly stamped.
  • Loan application form completed
  • Copy of letter of employment or confirmation of employment. 

    Rent receipt. Proof of residence (Electricity or water bill) you may be complaining and murmuring about the requirements and how it’s just so suffocating, in reality you can easily produce these requirements than hand over documents of fixed assets you may not have as collateral.

    Features of Creditville Payday Loan 

    Speedy delivery: your account could be credited within 24 hours after meeting the outlined conditions and documentations.

    Flexible: you have an option to repay your loan in full, at any time without any penalty attached, you could also apply for a Top-up. 

    No hidden charges: Their interest charges are all inclusive, they ensure transparency without hidden admin charges. 

    Courtesy: They have good and qualified trained staff who treat you well professionally at all times. 

    How to contact Creditville for your Payday loan

    Head office address: 180B Moshood Olugbani Street

    Off Ligali Ayorinde Street, Victoria Island Lagos.

    Phone: 08091780815, 08035984627, 09068749097

    Email:headoffice@creditville-ng.org 

    Lagos Mainland Office: 15 Ola Ayinde Street, Opp Customs Training College, Ikeja

    Phone: 08029171204, 09068734637,

    Email:creditvillemainland@creditville-ng.org

    Port Harcourt Office: 1B, Stadium Road, Port Harcourt, River State

    Phone: 08113370287, 08143037837, 

    Email:creditvilleportharcourt@creditville-ng.org 

    Abuja Office: 4th Floor, OTI CARPETS COMPLEX, 142 Adetokunbo Ademola Crescent, Wuse II

    Phone: 09092038217, 07063447329. 

    Email:creditvilleabuja@creditville-ng.org 

    Onitsha Office: 11 Enugu Road, Opposite Ministry of Justice, G.R.A, Onitsha. 

    Phone: 07035503970, 08038708407. 

    Email:creditvilleonitsha@creditville-ng.org

    To access Creditville Limited payday loan, contact any of the above mentioned address, phone number and emails depending on your location. 

    Visit their website onhttps://www.creditville-ng.organd commence your loan application immediately. 

    #2 Salary advance: A goodpayday loan processor you can rely on in Nigeria to access your loans for immediate challenges as mentioned above. 

    They issue the following types of loans considered to be very flexible. 

    This loan is aimed at bridging the funding gaps for full-time employee of corporate entities such as commercial banks, oil and Gas companies, Telecommunication companies etc. 

    The loan-able amount is subject to the beneficiary’s monthly salary. To qualify for this loan you will have to: 

  • Live and be employed in Lagos state,
  • Be a confirmed staff of a reputable company,
  • You must have a verified monthly income paid into a current account with a commercial bank in Nigeria.

    Features 

    It has a repayment period between 6-15 months, upon receipt of necessary documentations your account will be credited within 24 hours. 

    Requirements
  1. You will need to provide your last six months’ salary statement which contains last six salary entries signed by the bank. 

  2. A copy of employment letter or confirmation/recent promotion letter.
  3. NUBAN compliant postdated cheques from salary account
  4. One recent passport photograph and a copy of staff ID card.
  5. Copy of pension statement/Tax ID number recent utility bill. 

    More so, to access salary advance payday loans you must be living and working in Lagos state with any of the mentioned preferred employers. 

    #3 Back to School: This scheme is designed to help parents who have stretched their budgets during school resumption period.
  • It is as well for salaried parents.
  • Features and benefits:
  • Last six months bank statement showing the last six salary entries.
  • It allows a convenience repayment period of up to 6 months.
  • Upon receipt of requirements and completion of documentation, account is credited within 24 hours. 

    Requirements
  • Last six months’ salary statement which contains last six salary entries signed by the bank.
  • A copy of employment letter or confirmation/recent promotion letter.
  • NUBAN compliant postdated cheque from salary account
  • One recent passport photograph and a copy of staff ID card.
  • Copy of pension statement/Tax ID number recent utility bill. 

    #4 Pay my rent: It’s a finance assistance designed for people in paid employment as well, this gives room to access facility for payment of rent. 

    Features/benefits 

  • Repayment period of up to 12 months
  • Upon receipt of requirements and completion of documentation, account is credited within 24hr 

    Requirements
  • Last six months’ salary statement which contains last six salary entries signed by the bank.
  • A copy of employment letter or confirmation/recent promotion letter.
  • NUBAN compliant postdated cheque from salary account
  • One recent passport photograph and a copy of staff ID card.
  • Copy of pension statement/Tax ID number recent utility bill.
  • Copy of rent bill/previous receipt one guarantor. 

    To apply for any of these packages kindly visit;

    https://www.salaryadvanceng.com start the process and get your loan disbursed almost immediately copy the above link address into your browser if you by any means you couldn’t lunch from here.

    Email:hello@salaryadvanceng.com 

    Phone: 0703 369 0590, 0903 741 4749. 

    #5 Access Bank Payday Loan:This is an instant loan product for salary earners. With this scheme, you can borrow money at low interest rate against your next payday/salary.

How to Apply for Access Bank Payday Loan

Kindly follow the below steps to source a payday loan with Access Bank in Nigeria,

Step 1. From your registered phone number with the bank, dial*901#

Step 2. From the displayed menu choose “903 for Access Money”

Step 3. Select “3” for “Get loans”

Step 4. Select “1” for “Access bank Account holder” which of course you understand the need to have a salary account with Access bank to access this.

Step 5. Again, select “1” for“Payday loan”

Step 6. A column will appear at this point, enter your 10 digits Access bank salary account number, and click send.

Step 7. Enter beneficiary first name, here it’s your first name that’s required

Step 8. Enter your last name or surname in this column

Haven performed the step 8 task, you will receive a message thus; Payday loan “You are only eligible for up to 50% of your salary. Please enter amount equal to or less than 50% of your salary.

Step 9. You then enter your 4 digits ATM PIN, thereafter your loan will be disbursed into your account. You then start spending and spending (Don’t forget to send my own o, winks).

Conclusion

Payday loans are one stop point for your emergency cash needs in Nigeria, they are very effective and flexible schemes without hidden charges, you don’t really have to wait for your salary anymore. Are there other payday loans not mentioned here you think should make this list, kindly recommend them using the comment box below, we’ll review and include same if possible.

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