Banks That Offer Instant Loans Without Collateral in Nigeria

Last Updated on Mar 23rd, 2024

When urgency strikes, waiting for traditional loan approval processes may take time. This has led to the rise of banks offering instant loans without collateral.

Here are some of the banks offering instant loans without collateral in Nigeria.

1. First City Monument Bank [FCMB] Limited

One of the leading financial institutions in Nigeria is FCMB. The bank continues to deliver exceptional services to its customers. It provides the following loans without collateral:

  • Auto Loan
  • Salary Top-Up Loan
  • Fastcash Loan
  • Premium Salary Loan

You can get the FCMB instant loan without collateral using the USSD code *329*11#.

2. WEMA Bank

If you have a Salary Current Account or Savings Account with WEMA Bank, it’s easier to get a loan. The loan amount can be up to seven times the net monthly salary, capped at N2 million, with no collateral.

WEMA Bank ensures a swift 48-hour loan disbursement process. This loan option is only for confirmed employees.

The WEMA Bank USSD code for loans in Nigeria is *945*65#. Dial *945*65# and follow the prompts to get your loan.

3. Stanbic IBTC

Stanbic IBTC is another bank that offers personal loans with zero collateral. This is also one of the banks that will grant you a loan in Nigeria without a salary account.

They structure their terms for repayment within one to five years. During this period, borrowers make monthly installments.

You can request the Stanbic IBTC loan by dialing *909*44# on your phone.

4. Zenith Bank

Zenith Bank in Nigeria is well-known for offering a variety of loans. They have options for loans, such as SME Loans, Overdrafts, and Receivable Discounting.

Customers who borrow can get financing for materials without needing to provide collateral. They can do this by using the Local Purchase Order (LPO).

Zenith Bank helps borrowers with extra funds by offering overdrafts to qualified customers. This option usually lasts for like twelve months.

Dial 96600# from the phone number connected to your Zenith bank Account to get a loan.

Read: Federal Government Loan

5. Fidelity Bank

Fidelity Bank provides various loans. Some include the Payday loan and the Fidelity Easy Asset Leasing Scheme (FEALS). The Payday loan is for salary earners with accounts at Fidelity Bank.

These loans do not need collateral.

To get a Fidelity loan without collateral, dial the code *770*08#.

6. First Bank

FirstCredit is a quick and easy loan from First Bank to support your transactions. You can access this loan from anywhere without visiting the bank.

You do not need any documentation or collateral. All you need is a mobile phone or tablet.

The First Bank loan code is *894#.

Read: Sharp Sharp Loan Code

7. United Bank for Africa [UBA]

UBA offers loans with low interest, easy repayment, and a simple application process. It’s a good option for people who need money right away and want to avoid offering collateral.

The UBA Bank Nigeria quick loan code is *919*28#.

8. GT Bank

The GTBank Quick Credit is one loan option from GTBank that is very easy and super fast to get.

You get your funds to your bank account within two hours of approval, without collateral. You can borrow up to N5 Million with ease using the GTBank Quick credit loan. The bank’s loan code is *737*51*51# to apply

9. Access Bank

You can get quick loans without collateral with the Access Bank Quick Bucks, a bank mobile app. It lets you access low-interest loans from Access Bank.

All you have to do is install the Access Bank Quick Bucks app and start with the process.


Banks with no-collateral loans are excellent for people who need quick money. Try one of the options above today!

Top Stories

Stuck in trying to scale up and expand your
SME Loans in Nigeria 


Compare and get QUICK loans from different lenders?

Get access to up to N10,000,000 (Ten Million
Naira) loan on the spot!

No Subscriptions.
No annual fees. No lock-ins.

Related Posts

May 2nd, 2024

Stuck in trying to scale up and expand your business? I get

May 2nd, 2024

Uh oh! BVN troubles? Yeah, a blacklisted BVN can mean big trouble

Apr 29th, 2024

Thank God for apps like PalmPay! You can easily forget bulky wallets