Hey there, having financial instability, emergency situations, cash lockdown, or one thing or the other that makes you in need of urgent cash.
Yes, there is various legitimate online platform that gives loans and accepts monthly payments. We are all aware of the loan tenures we have
Most start from seven days. Online loans are one of the easiest ways to access easy cash because of the application process. While bank loans require authentication, eligibility, etc.
Online ones barely require a tour bank verification number all they need is a phone contact, email, and a valid means of identification.
In this article, we will be talking about the various online loans with monthly payments. That is the various online loans that accept repayments monthly and not weekly or daily.
Online loans with monthly payments in Nigeria
Firstly, we will talk about the various loan application we have in Nigeria. We will also give you a link to download them or visit their official website.
Please note that this loan application can be downloaded on mobile. While some accept Android gadgets some do accept iPhones. So please check the one that is compatible with your device.
Apart from the ones listed here, there are various loan applications that are available. Listed here are the top-rated and highly used loan apps in Nigeria.
Applications to get loans online (online loan applications in Nigeria)
There are various applications that give online loans. They include but are not limited to this list
- Fair money @ fairmoney.com
- Branch loan @ branch.com
- Lendigo loan application @ lendigo.com
- Newcredit @ newcredit.com
- Naira loan @ Niaraloan.com
- Carbon @ carbon.com
- Okash @ okash.com
- Aella credit @ Aellacredit.com
- Palmpay @ palmpay.com
- RenMoney @ Renmoney.com
- First mobile @ firstmobile.com
- ultraNaira @ ultranaira.com
- GTworld @ GTworld.com
- AllCredit @allcredit.com
- Palmcredit @palmcredit.com
- ALAT @ Alat.com
- Opay @opay.com
- Moneypal @moneypal.com
- Umba @ Umba.com
- Easimoni @easimoni.com
After downloading a loan application, the next thing you will think of doing after a loan has been disbursed is checking how you will be able to make installment payments. Our next topic is
How to pay loans installments online
Either as a personal loan or a bank or an online loan you can make payments comfortably. Various loan applications have different methods of payment and guidelines.
In the course of this article, we will give you a brief step to loan application repayments online
- Using your device with a stable network connection, launch the loan application you wish to repay
- Sign in with your password, face match, or fingerprint
- Open the loan application and repayments dashboard
- Click on repayments
- A list of repayments options will appear, and you input the amount (this is if you are paying before the end of the month or you wish to pay upfront, or you wish to pay outstanding debts).
- If you are paying accurately you click on the box with the monthly repayment amount clearly stated.
- Click on repay
- Enter means of payments the different means of payment include virtual account, USSD, transfer, PayPal, etc.
- Choose one that favors you and then make repayments
- Refresh your application after some minutes
- The loan repayments dashboard will be updated once the loan company receives your payments.
- Not that sometimes the company gives you a code to attach when making transfers as a depositor.
- You have successfully paid off your loan online.
Online loans that accept monthly payments in Nigeria.
There are different types of loans we have. This includes business loans, personal loans, etc. whatever reason you have that makes you in need of a loan ( capital or small business, hospital bill, emergency, etc.) you can always get a loan from any of these applications and pay it back monthly.
Monthly repayments have a total of 30 days in them. That is to say, if you applied and were given a loan on the 14th you are to repay on the 14th of next month.
The various online loans with monthly payments in Nigeria include
- Fair money
- Branch
- Carbon
- Aella credit
- KUda bank
- Quick check
- UMBA
- Easimoni
- Palmpay
- MySPecta
Fair money
When talking about an application that gives low-interest rates, quick disbursements, and free service charges, then you are looking for a fair money loan application.
This application accepts repayments at the end of the month or a month interval. This means that it is not compulsory to pay at the end of the end if you borrowed on the 20th or 15th
You have a period of 30 days in between to repay.
Branch
The branch loan accepts installment payments. From seven days to monthly. It is a very popular application because it doesn’t demand much, just your personal information, a valid means of application, and your account details
Interestingly the branch loan application day can be extended with a specific amount. This help curtail the overdue charges that are supposed to be added daily
Carbon
This is one of the longest applications we have in Nigeria. This application doesn’t demand collateral or a guarantor before disbursing cash.
This application allows for repayments within 30 days which makes a month. Also, this application gives a loan from 4,000 to one million naira.
It also has a loan tenure of one to 6 months. Its interest rate is affordable.
Aella credit
If you are looking for a loan application that will not disturb your line with incessant calls then you are probably reading through one now.
The AELLA credit application is an application that accepts monthly installment payments. It allows lenders to choose a loan period that is favorable for them.
Apart from this they also give out loans without guarantors’ signatures, financial evidence, etc. It is less stressful and easy to register and verify
Kuda Bank
This bank offers loans and overdrafts. Specifically, they offer short-term loans but sand from weeks, to at most three (3) months.
KUDA bank also has several measures which can help you save your loans like saving while you spend which adds up o what you can use to repay your loans.
This bank charges an interest rate of 0.3% in a loan space of ninety (90) days.
Quick check
This is a loan application platform that accepts monthly installment payments. It gives loans from 3,000-0 to 100,000 naira. This application also allows for daily, and weekly repayments.
It will interest you to know that here if you will repay on time, you will be able to get quick disbursements and higher loan amounts.
UMBA
This is a loan application that accepts monthly repayments. The only difference from it is that it will need more personal details about you.
This may include but is not limited to your valid means of identification, bank verification numbers, a number of contacts, etc.
Easimoni
One of the most trending loan applications in Nigeria currently, this loan application has various interesting features like installment payments (Weekly, Daily, and Monthly).
Also, it has the feature of allowing the user to input the amount it wishes to repay before making payments.
Palm credit
This is a loan application that is sometimes installed on some gadgets by administrators. It is a highly recommended application.
The loan application accepts monthly payments with very low-interest rates and flexible repayment options.
It is regarded s one of the oldest lending platforms in Nigeria. Also, you can access this loan at any time you wish, and you will not be told to wait for working hours so your loan can be approved.
MySPecta
This is one of the fast-growing loan websites that accept monthly payments. One of the most interesting features of this loan application is its ability to be able to disburse loans in minutes.
Once you meet the required eligibility, and then apply for a loan, it has a quick disbursement feature.
Conclusion
This article involves the various loan application we have in Nigeria and the links to download them or visit their official website.
Also, this application states the steps needed to repay an online loan in Nigeria without stress or error. This application also entails the different loan application in Nigeria that accepts monthly payments.
FAQS
Best online loans with monthly payments in Nigeria?
- Branch
- Kuda
- Fairmoney
- Carbon
- Opay
Online loans with monthly payments in Nigeria without BVN
- Fairmoney
- Branch
- Easimoney
- Palmpay
Loan in Nigeria without salary account?
- Aella credit
- Carbon
- Fairmoney
- ALAT
- Credit Nigeria
Where I can get a 500k loan in Nigeria?
- Access quick loans
- Credit Nigeria
- Standard Chartered Nigeria
- Pennylender
- Paylater
- Renmoney
5-minute online loan?
- Fairmoney
- Branch
- Carbn
- Loan spot
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