Where Can Someone Get Business Loans Without Collateral Online?

Getting a loan is often met with hitches and bureaucratic bottlenecks especially when you don’t have any collateral for the loan or your business does not have enough history or is still new.

This has made several business ideas die at conception and is not a good thing. Although there are some government and non-governmental organizations where you can get loans for your business, you might wait for several months, years and this will no doubt frustrate you.

get business loans without collateral

We at Andyke found some loan granting firms that are willing to grant loans to you with no collateral and the most interesting thing with this is that some of them are done online and does not need you to go to their offices. Now that’s the bomb! Isn’t it? Their interest rates are relatively lower and are ideal for small and medium loans.

It is however advised that you obtain loans when you have run out of options available for getting funds for your business. You can check out this article to find out other ways to get funds for your business here.

Places to get loans without collaterals for your business

We would discuss each of these places in no particular order i.e. the first is not the highest neither is the last the least. We would discuss a number of them so as to provide a variety of options from where you can choose.
Paylater: Paylater is an online payment platform where you get soft loans to cover any expenses or urgent cash needs. It is done totally online and you can apply for a loan anytime, any day from any part of Nigeria and when approved, the requested loan is paid directly into your bank account between 1 and 3 working days.

They operate on a secure server and so, your data and other info is kept secret. It allows you choose a payment date when you will repay the loan with the interest.  With this platform, you can request for a loan of up to 500,000 Naira on your first request. If it is your first time of requesting, you are expected to pay an interest of 1% every day.

This means that if you borrowed 20,000 Naira and chose to repay in 20 days, you will have to pay back with 24,000 Naira.

On your second application, you get a reduced interest rate of about 0.5% every day. To be qualified for this, you have to repay your previous loan on-time.

To get the loan, download the Paylater application from the app store, fill in the required fields, complete the loan application and apply for it. You also have the option of allowing their computer to debit your account on the pay date or manually.
The application is processed and the funds transferred to your bank account. You will be requested to provide your BVN but be rest assured that your details are safe. This collection of BVN is also used to ensure that the name and account used to apply for the loan is the same with the one that has the BVN.

Quickcheck:  this platform is also available for requesting for loans without collateral of any form. With this platform, you can get up to 30,000 Naira free loan and repay within 15 or 30 days. On this platform, you can apply for the loan from your android device. To begin, just head to the Android Play store and download the application.

After download, sign in with your Facebook email and password and then fill in other required details. After this, you can choose the amount of money you want and the reasons why you want to borrow the money.

If you pay pack after borrowing your first amount, you will be granted access to borrowing higher amounts when next you want to.

Among the details, you are expected to provide are your BVN and bank account number. Your account number is needed so as to deposit the requested money into your account. Your BVN, on the other hand, is needed for verification and also as a security measure to prevent people applying for a loan with your bank account. You will also be required to provide your card details but be rest assured that your details will not be divulged and are in safe hands.

The platform is hosted on a secured server and this is a plus to the system. You can also grant QuickCheck the right to withdraw the money when due from your bank account, repay before the expiry date manually and can pay via your debit card by just clicking on “Pay Loan” option on the app and pay directly.

If you want to repay before the expiry date, you will not be charged for the remaining days. In other words, you pay for the days you borrowed.

KiaKia: if you are a Nigerian, you would relate to the word “KiaKia”- which simply means “fast fast”. On this platform, you can apply for loans without collateral and get it paid into your bank account almost immediately. You can also lend out money to people on the platform and get paid back with the interest that accrues to you.

On the platform, you can borrow money anytime, any day from any part of the country. Like the others, KiaKia requires your bank details and BVN but be rest assured that your details are in safe hands. You can also repay before the expiry date but the terms of accepting the loan are not changed, unlike the others.

You also pay an interest of 0.8% daily for the number of days and you can borrow from 10,000 Naira to 200,000 Naira on your first application to be repaid in a minimum of 7 days and a maximum of 30 days.  When you meet up with the repayment, you can access higher amounts.

If you cannot repay your loan within the 30 days, you are expected to send an email to their customer care center and notify them. It is advised that you do not fall into this ditch because your details will be submitted to some credit bureaus which will affect your qualification for getting loans in the future.

Other online sites to get loans without collaterals include:


Have you decided to get a loan through any of them? Try it out and let us know about your experience with any of them. Do you have any question? Let us know in the comment section. 

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  1. Nice article I must say.

    I'll try any of them

    1. Thanks, we will like to hear from you.... Our Joy is in seeing you succeed

      Get back to us if anyone works for you.


  2. The loan was approved quickly . I was in urgent need of money as I wanted money for my medical treatment purpose . Bajaj Served me like god and now are like god to me because they helped me in my need . Bajaj is the best finance company in India . I will recommend everyone to take loan from Bajaj Finserv as they treat their customers as a valuable gems. They have very good and experienced team. So,everyone go for Bajaj closing your eyes. E-mail: 24hourspaydayloan@gmail.com

    Thank you Baja

    1. That's for Indians.... Thanks for the feedback Kline. For our readers, if you're in India, then try it out and let us know if it works

  3. Paylater is the best,i got the loan within an hour.thanks for the information you provided.

    1. Thanks for the feedback..... Happy you like the information

  4. Schönen Tag,
    Haben wir Ihren Post bekommen, dass Sie einen Kredit benötigen? Sind Sie immer noch daran interessiert, den Kredit zu bekommen? Brauchen Sie einen Notfallkredit? Sind Sie in einer Finanzkrise? Wir bieten alle Arten von Darlehenspaketen an. Wir geben Kredite zu klaren und verständlichen Konditionen zu einem Zinssatz von 2% aus. Unter einem legitimen und zuverlässigen privaten Kreditgeber. Weihnachtsdarlehen, persönliche Darlehen, Studentendarlehen, Autokredite, Darlehen des neuen Jahres, Bankdarlehen und Darlehen, um Rechnungen zu zahlen. Für weitere Informationen senden Sie bitte ein Email an: (saurtwinter.at@gmail.com)

    Warten auf Ihre dringende Antwort.


    1. Danke dafür. Können wir wissen, ob Ihre Kredite versteckte Kosten haben oder außerhalb Deutschlands bezogen werden können?

      wir würden gerne von dir hören


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