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Loans for Unemployed People in Nigeria | How to Apply Online

Do you want to know the top loans available for Unemployed People in Nigeria and how to apply online?

With the current economic recession in Nigeria, you would undoubtedly agree with me that being unemployed is a frustrating experience.

Your financial status will eventually be affected if you don’t spend responsibly.

In this article, I’ll show you the top loans available for unemployed people in Nigeria and how to apply online.

No matter how thrifty you are with your money, there may come a time when you will have to pay an unplanned expense out of your own pocket.

The worst-case scenario is when you are jobless and unable to find solutions to urgent problems.

High unemployment is one of the biggest issues Nigeria is now facing.

The bulk of young people have been without a job for a very long time.

Others, however, have struggled to find employment that pays them what they are worth ever since they graduated.

Despite this, there are still a few ways to secure your financial future even if you are unemployed.

Several sites offer loans to the unemployed.

This post will cover all the information you need to get started, including the many lending options available to you.

In Nigeria, is it possible for unemployed people to obtain a loan?

You still have access to easy financing choices if you’re unemployed.

These sites provide quick loans, allowing you to quickly take care of urgent issues.

The loan terms are not particularly long.

The loan funds will be transferred to you in less than 48 hours after you have completed the application.

The best part of dealing with one of these financial institutions is that you are not required to provide any papers in order to obtain a loan from them.

 Loans for Unemployed People in Nigeria | How to Apply Online

Loans for Unemployed People in Nigeria

1.       FairMoney
2.       QuickCheck
3.       Branch
4.       Okash
5.       Carbon
6.       Aella Credit


FairMoney is one of the microfinance banks that gives loans to unemployed people in Nigeria.

You are eligible for a loan from this financial institution up to a maximum of $150,000.

Until you give them both your debit card and your BVN, they won’t let you access their loans.

FairMoney is one of the microfinance banks that gives loans to unemployed people in Nigeria.

Also, they will ask you for personal details like your home location, a phone number you can use to reach you, and, in most circumstances, the names and contact details of your relatives.

Afterward, based on their findings, they will decide whether or not to grant you the loan.

These loans include interest rates that range from 5% to 30%.


QuickCheck is one of the microfinance banks that gives loans to unemployed people in Nigeria.

QuickCheck can offer quick loans, and as their name implies, their payback terms are fairly flexible.

You will receive a loan of £10,000 from this bank to help you get going.

If you work with them for a time, they may allow you access to up to $200,000 of their cash even though the maximum loan amount is $500,000 instead.

Also, you can only succeed with this if your application has been approved.

This is done to assess your reliability and the likelihood that you will have trouble repaying the loan.

It’s noteworthy that Quickcheck will cause your interest rates to decrease.


No doubt, Branch is one of the top loans available for Unemployed People in Nigeria and you can apply online with easy steps or using the Branch Mobile app.

This mobile app can be downloaded via the play store and using your android/iPhone.

Branch loan

This is a convenient link to another trustworthy website that might be able to lend you some money to meet your needs.

This is one of the best methods you can employ if you’re currently unemployed and require a quick loan to cover an emergency expense.

Depending on how quickly the application is completed after you submit the loan application form to Branch, you may be able to get up to #200,000 in a few hours.

A percentage of the entire amount of money you request as a loan, ranging from 15% to 35%, will be charged to you as interest.


Over the course of its existence, Carbon has continuously evolved to rank among the most trustworthy quick loan apps in Nigeria.

Both Android and iOS smartphones support downloading their software.

Carbon doesn’t need a lot of information from you before dispersing payments.

All that is required for you to acquire a loan is your Bank Verification Number (BVN), along with a few other pieces of information to confirm your qualification for one.

Your loan will be given to you as soon as this is complete, which will take less than twenty-four hours.

The 10% simple interest rate makes loan repayment very doable.

Aella Credit loans for Unemployed People in Nigeria

Aella also offers Loans to Unemployed People in Nigeria.

This program runs on the internet.

In order to address the need for no-obligation loans to people in need of financial aid, the Aella credit app was created.

You have access to loans up to $700,000 in total.

There are several flexible alternatives for making payments, and they will be available for at least two months.

Every month, Aella Credit offers interest rates that range from 4 to 29%.

Wrapping Up…

You can also get a loan from the bank.

UBA, First Bank, Acess, Zenith, and GTbank offers loan with little interest.

I hope that you found my article on the top loans available for Unemployed People in Nigeria and how to apply online to be helpful.

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