HomeEconomyNigerian Banks Offering Instant...

Nigerian Banks Offering Instant Loans Without Collateral [Full List]

By Balogun Kamilu Lekan

Here are some of the top banks that offer loans without collateral in Nigeria:

1. Fidelity Bank

Fidelity bank has won numerous accolades and recognitions to secure a position in the retail banking industry. With its Fidelity Easy Asset Leasing Scheme [FEALS], Fidelity Bank provides unsecured loans for both personal and business purposes. Through FEALS, customers can purchase household appliances, new cars, generators, inverters, computers, and other items. It has a 48-hour approval window and a minimum commitment of 20%.

2. First City Monument Bank [FCMB]

FCMB, one of Nigeria’s top financial institutions, is known for providing its clients with top-notch services. FCMB offers the following loans without requiring any security:

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

The USSD code *329# can be used to obtain an immediate loan from FCMB FastCash Loan without providing security. For further USSD codes for loans in Nigeria.

3. Stanbic IBTC

Another Nigerian bank providing loans for personal and business purposes is the subsidiary of the Standard Bank Group. This is one of the banks in Nigeria that would provide you with a loan without a salary account. Repayment lengths range from one to five years. Monthly payments are made during this time.

4. Zenith Bank

Zenith Bank provides SME Loans, Overdrafts, Receivable Discounting or Invoice Discounting, LPO Finance, Import Finance Facility, Export Finance Facility, Term Loan, Lease, Bonds & Guarantees, and Retail Loans for Schemes.

Borrowing customers, for example, can use the Local Purchase Order [LPO] to finance the materials supply. Overdrafts, on the other hand, give the borrower a certain amount over the credit balance in their current account. This is set within a specific tenor, usually at most twelve months. You have access to all of these without the bank requiring collateral.

5. WEMA Bank

It is simpler to get a loan from WEMA Bank without collateral if you maintain a salary current or savings account. Seven times the net monthly salary up to a maximum of N2 million is the maximum loan amount. Only confirmed employees are eligible for the 48-hour loan disbursement period of the Wema loan.

Disclaimer

The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.

Follow us on Instagram and Facebook for Live and Entertaining Updates.

Always visit NewsWireNGR for the latest Naija news and updated Naija breaking news.

NewsWireNGRLatest News in Nigeria

Send Us A Press Statement/News Tips on 9ja Happenings: [email protected].

Advertise With Us: [email protected]

Contact Us

LISTEN to NewsWireNGR PODCASTS

- A word from our sponsors -

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Previous article
Gunmen strike in Osun, kidnap two farmers
Next article
Nkiru Sylvanus: Biography, Education, Career, Marriage, Net Worth, Achievements and Controversy

More from Author

- A word from our sponsors -

spot_img

Read Now

Lazarus Angbazo: Beyond Roads and Power, Who Will Finance Human Capital Infrastructure for Africa’s Workforce?

By Lazarus Angbazo |  [email protected] Africa is entering one of the most ambitious periods of infrastructure and industrial investment in its history. Governments are expanding power generation, transport networks, ports, industrial parks, and digital infrastructure, while African private sector leaders are making unprecedented long-term commitments to manufacturing and industrial...

Residents: Key Factors to Consider When Choosing a Self Storage Facility in Philadelphia

Finding the ideal self-storage unit can be challenging, especially in Philadelphia, where options abound. Many residents seek facilities that not only safeguard their belongings but also provide value and convenience. In this article, you'll learn the key factors to consider when selecting a self-storage facility in the...

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...

Dr. Lazarus Angbazo: Why a fractured world strengthens the case for African Infrastructure

How inflation, energy insecurity, power scarcity, and geopolitical fragmentation are reshaping the risk-return case for African infrastructure By Dr. Lazarus Angbazo At a recent global infrastructure summit, the prevailing mood among institutional investors was unmistakable. Faced with surging capital requirements for energy transition, grid expansion, and digital infrastructure in Europe and...

Aliko Dangote to launch what could become Africa’s largest initial public offering to raise $5 billion from investors

Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with...

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batteries stolen from...

Paul Yirenkyi: A call for Caution Needed, President Tinubu and the INEC-ADC Crisis

I have seen enough cycles of tension and resolution to recognise when restraint must prevail over confrontation. The current standoff between the Independent National Electoral Commission (INEC) and the African Democratic Congress (ADC) is one such moment. In early April 2026, INEC withdrew recognition of the Senator...