5 Nigerian Banks That Will Give You Business Loan Without Collateral

Nigerian Banks that will give you business loan without collateral

5 Nigerian Banks That Will Give You Business Loan Without Collateral

So you’re thinking about how to get a business loan in Nigeria without collateral? In this article, you are going to find out the 5 Nigerian Banks that will give you business loan without collateral.

If you’re looking for loan for business startup, personal or car loan opportunities in Nigeria, you need to make a request to Abbakin  or fill out the form on our Contact page for more information. We may match you with funding sources that are right for you.

Yes! It’s true that most Nigerian Small and Medium sized Enterprises (SMEs) are having a hard time starting and growing up their businesses due to their inability to access business funding.

In fact, the major reason that often kills great business ideas and perhaps the dreams of most Nigerian entrepreneurs is their inability to meet the requirements of obtaining a bank loan.

“Cash is cow and now business can run without it.”


An Entrepreneur Could Raise Business Funds through:

The Banks

Banks – whether commercial, industry or development banks; online or micro finance banks naturally offer the least interests funding for SMEs. Banks generally charge between 5-25% interest rate (and more), for 1-5 years short-to-long term business loans.

In Nigeria, you can obtain bank loans as small as ₦50, 000 and as big as ₦100 Million Naira depending on the scope of your business.

If you are thinking of raising business capital through the banks, you should note that bank loans are usually secured; hence, you’ll need to provide collateral before you can be considered for a loan approval.

Interestingly, some Nigerian banks have awakened to the reality that most start-up entrepreneurs in Nigerian have only solid business ideas behind their heads, and no collateral to show for their loans.

Some of them are now willing to offer startups, business owner and entrepreneurs certain amount of money in the form of business loans without collateral.

This effort may be as part of these banks’ initiatives to empower growth in the Nigeria SME subsectors, by giving out small to long time loans to businesses owners or organisations that need them.

The great thing about these SME business loans is that they are designed to be easily accessible to entrepreneurs, irrespective of the type or size of their businesses.

According to our research, we have put together a list of 5 Nigerian Banks that will give you business loan without collateral, but take the time to find out more about the loan options that suit your financing needs.


5 Nigerian Banks that Will Give you Business Loan Without Collateral

#1. First Bank Nigeria Plc

The First Bank of Nigeria has made plans to provide non-collateral loans for Small and Medium Enterprises in Nigeria.

This initiative of the bank is aimed to empower economic growth in the Nigeria SME sector through their loan schemes.

The great thing about First Bank’s unsecured loans is that it is easily accessible to entrepreneurs irrespective of their business type, location or size.

As an interested entrepreneur, the only thing you need to do is to go through a psychometric test, pass the test and then provide the bank with your winning business plan and your business financial projections.

And soon you will get your disbursement alert!

#2. Heritage Bank

Heritage Bank has also increased the accessibility to SMEs business funds in Nigeria. The bank has also built initiatives around promoting access to the market for SMEs.

One of their major programs is the Youth Innovative Entrepreneurship Program (YIEDP) backed by the Central Bank of Nigeria – in recognition of its commitment to SME and Youth development.

The programme is aimed at harnessing the talents and entrepreneurial spirits among the teeming Nigerian youths – by providing timely and affordable loans to help they implement their business ideas.

The fund is to support youth corps members, market women and whoever desires to access business finances through short –term borrowing from the bank.

 Nigerian Banks that will Give you Business Loan Without Collateral

Nigerian Banks that will give you Business Loan without Collateral

#3. Guarantee Trust Bank Plc

GTBank Plc also offers entrepreneurs opportunities to obtain loans without collateral. The bank’s non-collateral loans are designed to stimulate growth for Micro, Small and Medium Enterprises (MSME) in Nigeria.

They provide smart financing options for your business that allows your organization to build on its success and plan for growth through quick cash flow solution to finance your business needs; withdrawing money with no funds in your account, and SME friendly accounts that you can open and start with.

If you want a loan without collateral, you’ll have to look at the bank’s SME loan packages and choose the one that is best to you kind of business.

GTBank’s SME loans can be accessed in the form of: Revolving Credit, Installment Loan, Local Purchase Order (LPO) Finance and Contract Finance.

Thus, the Bank gives you access to short and medium term financing for working capital, as well as assets purchase needs with reduced collateral requirements.

#4. Wema Bank

Unlike other Nigerian banks, WEMA has more dealings with retail businesses. The bank has built its structure around retail banking, conducting transactions with market women and real SMEs just like Fidelity Bank.

It is worthy to note that Wema Bank gives business loans from ₦100,000 to ₦1 million without any collateral.

Yes! All you need to do is to have steady transactions for 6 months in your corporate account to qualify for their loan offers.

To show their eagerness to give out these loans, the bank even has a loan calculator on its website – which helps interested loan applicants to calculate how much you would be expecting from your loan request.

Read: How to Prepare Your Loan Application with the Banks

#5. Stanbic IBTC Bank

The Stanbic IBTC Bank offers Nigerian entrepreneurs a great opportunity to obtain business loans without providing collateral.

These loans are designed to help SMEs buy their business assets, products supplies and other facilities.

However the assets only become your own when you make the last payment on the received loans.

To apply for Stanbic IBTC non-collateral loan, you should be prepared to provide the bank with the following information:

Stanbic IBTC Loan Application Requirements

  • The full names and capacities of those who will sign;
  • CVs of each members of the management team;
  • The reason why you need the business finance;
  • Your business’ financial statements, including an income statement, balance sheet and cash flow statements;
  • Personal statements of assets and liabilities of all the partners, members or directors;
  • A 12-month cash flow forecast or financial projections;
  • The amount of your own equity contribution and the source of the funds.

Finally Words: Nigerian Banks That Will Give You Business Loan Without Collateral

Today, there are so many money lenders and lending platforms in Nigeria that can promise you quick and easy agriculture investment or business loan without collateral; education, mortgage loan, salary advance, rent or personal loans within 48hours to pay later with interest.

But if you are really interested in starting or growing your own business, it is most likely that you will have to start with your own savings; or raise some money from your rich friends and families.

One thing about getting a loan in Nigeria with a low interest is this; commercial banks do ask for collateral and give interest at 25% per annum. Micro finance banks and other lending houses will ask for guarantors and give minimum interest at 5% per month or more.

While the online loan lenders do not collect collateral and guarantors, they give interest at 12.5% with access to your account details like BVN which may put you at risk in the fututre.

These are the interest rates charged by the banks on loans in Nigeria; which may include all levies, processing fees, and commissions where applicable. According to the CBN guideline, each bank is entitled to charge a rate they choose; provided this can compensates their risk.

We believe however, that the high interest rates charged by financial lenders in Nigeria are to help cushion the effect of the high default cases they experience.

So before you approach any of these banking institutions for a non-collateral loan or so, it would be in your best interests to first know more about their services; and to open, run and maintain an account (corporate preferred) with such a bank for a period of 3 to 6 months.

You should also be armed with a sound business plan and a loan repayment plan for the loan.

Please note that the success of any business venture is not dependent on bank loans; what matters most is the business administrative styles, cash flows management and marketing strategies.

Experience, knowledge about the market, and understanding of the target customers are required if you want to run a successful business. Find out how you can benefit from our Business Development Services for Startup Entrepreneurs.

Related: 5 Best Banks For Business Account In Nigeria.


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Comments (113)

  • Ajakaiye Elizabeth Reply

    Thanks for making life easy Abbakin! I will be grateful if my loan is granted.

    October 28, 2017 at 7:44 pm
  • Ajala Wole Reply

    Thanks, for being eye opener for Nigeria people, now it we take us how many week or month before d first bank can give out d money?. Abbakin

    October 30, 2017 at 9:54 pm
    • Abbakin Reply

      Ajala this is dependent on your bank, loan term, interest rate (if any) and the payback period. Please search and read our: 10 Factors to Consider In Business Loans Application Process

      October 31, 2017 at 10:40 pm
      • Sitimi James Reply

        I have been running account with first bank Nigeria for around a period of 5 years and the turnover in my account is in millions I sell and buy phones laptops are inclusive.like how much can I get as loan what I will be needing is about 5 to 10 million

        March 3, 2019 at 12:23 pm
  • nnamdi echendu Reply

    I need a loan to enable me to open a bakery in Lagos .I have acquired the half bag mixer to due the little capital I saved and I also acquired the 3deck gas oven both are new ones.I need up to 1m to hire a ware house and get materials for making the bread .pay to the company producing the nylons for the bread I ‘ve equally register a company in that effect pls how can u beg of help to see my dreams come through .

    October 30, 2017 at 10:14 pm
    • Abbakin Reply

      Thank for this Nnamdi. Bakery is a big time business idea and we are glad you have already invested in this great idea. Your can send us a mail for more information on how you can raise your startup capital and launch start your new business. Cheers!

      October 31, 2017 at 10:25 pm
  • paul Reply

    I also need loan to start up my custard production business.. tanks

    November 12, 2017 at 6:35 am
  • Apeh Ikechukwu Reply

    Wow! Great piece I must say sir. Thanks for this. I’ll go and apply for first Bank loan and update my testimony here if it works

    November 19, 2017 at 7:13 pm
    • Abbakin Reply

      Great Ikechukwu we hope to hear from you!

      November 19, 2017 at 9:45 pm
  • Arigbabuwo Abdmajid Reply

    I wish to apply for first bank loan to finance my farming and processing business, please what are the requirements and steps to take. Best regards.

    November 20, 2017 at 8:02 am
    • Abbakin Reply

      Hi Abdmajid, kindly visit any First Bank branch near your location for more information on how you can apply for their business loans package. Remember to tell them how you hear about this offer and be optimistic. We’ll love to see your farming and processing business up and running. Good Luck!

      November 20, 2017 at 11:47 am
  • Abbakin Reply

    Hello Yakubu!
    We’re glad about your great business idea and your interest to bring this dream into reality. We have developed an article on How the Nigerian Bank of Industry can give you business loans through their Youth Entrepreneurship Support Programme: The YES-Programme Kindly follow this link to find out more on how you can benefit from this scheme. Click: https://abbakin.com/boi-youth-entrepreneurship-support-yes-programme/
    Just send us a mail if you need more information on how to start your business. Thank!

    November 24, 2017 at 2:08 pm
  • jenifer Reply

    Good Day, Are you in need of a loan? such as loan to pay off your dept, to pay your rent and solve financial problems, here is an opportunity for you, Flora offer home loans, business loans, and bad credit loans, commercial loans, start-up- working capital loans, construction loans, auto loans, hotel loans, xmas loan e.t.c of 3% interest rates per annual repaid, Flora loan takes a maximum of {2} working days,to get to all approved customers across the word contact us at (edited)

    December 8, 2017 at 5:22 am
    • Mathias kingsley Reply

      Pls Jennifer,am Mathias Kingsley from Abia State,i need a business loan of 300k which am sure that before end of next yr, i will complete my payback.

      December 18, 2017 at 11:37 pm
    • BENJAMIN Sunday Reply

      Hello. I’m interested in this loan package. I’m a commercial athlete and I sell golf and basketballs kits which you know it’s a lucrative sport.

      May 26, 2018 at 10:45 pm
    • Jamiu Tajudeen Reply

      Good day bro you,

      @Abbakin and @Jenifer,
      Please I’d love to have the contact details of Jenifer sent to my mail please, for business purposes.

      would highly appreciate swift response to this regard.

      thanks and well-done for the good job.

      September 10, 2018 at 6:45 pm
    • Adetunji Sanyaolu Reply

      I am in need of a loan of around 185000 naira

      November 8, 2018 at 5:33 pm
    • Uche Reply

      Please I need your assistance…How can I reach out to You?

      January 29, 2019 at 6:03 pm
    • obiekwe kelvin Reply

      please i will love to have a detaild outline on this, i will need a light loan.

      August 11, 2019 at 2:37 pm
  • Johnson Reply

    I am a driver I have registered with taxify here in Abuja but I need a car loan so that I start earning and am very sure I will finish the payments in short time

    December 15, 2017 at 11:29 am
    • Abbakin Reply

      Hey Johnson. Thank you for a great business idea. Having the experience and registering with the necessary agencies in your industry is a good step. However, to get the money you need, you may visit any of the above banks near you with the business plan and repayment plan. If you don’t have, kindly ‘search’ for it on our website and organize the document before applying for the car loan. Good luck!

      December 17, 2017 at 5:37 am
  • adeoye ayo Reply

    Hello abakin, I want to start a fish pond fishery at the back of my uncompleted building. Please how do I get loan for this. And which bank will give me loan. Thanks

    December 15, 2017 at 2:24 pm
  • Ubong Akpan Reply

    Good day my name is Ubong Akpan please I help to get loan to get a car for TAXIFY I am a private driver working in Vgc lekki

    January 31, 2018 at 9:40 am
    • Abbakin Reply

      Hi Akpan, kindly read more about how to raise more for your business. We have listed some great tips above to help you get your car loan.

      February 4, 2018 at 11:17 pm
  • Oladokun Seun Reply

    Good Morning Mr. Abbakin, I searched the Internet seriously before I came across your article which I found more interesting than any other one.

    I am into school business and own a mobile educational consulting business which includes home tutorial and outsourcing of teachers for schools.

    Sir, I’ve tried raising funds to boost my school since last year but all effort were abortive. The loans I got last year were too small from from a micro finance bank with short term and huge interest. Please I would be very grateful if you can help me out without going through the micro finance bank again.

    Please help me!

    Thank You

    February 1, 2018 at 10:38 am
    • Abbakin Reply

      Hi Seun
      Thank you for the concerns. Loans from micro finance banks in Nigeria are usually costly when it comes to the huge interest rate charged and the loan tenors. However, since you have collected a loan already, we suggest that your first repay your loan before sourcing for top-ups. Check out our loan project for more information.

      February 4, 2018 at 11:12 pm
  • Simeon T Reply

    Sir seun, interested in your business and will like to have a private chat with you if you don’t mind!

    March 5, 2018 at 10:04 pm
  • Apostle John Femi Kenneth lawal Reply

    Please I need Loan for my Business StartUp in Nigeria.I want to invest in Transport Business in Lagos. Can you link me Up with Fund Providers. thank you

    March 9, 2018 at 5:19 pm
  • dele Reply

    You are welcome at a Youth Agripreneurship workshop at babcock University Ilishan remo on may 15-16 2018 to share your experience and make the undergraduates benefit from your wealth of experience

    March 11, 2018 at 1:20 pm
  • OJUKWU Sylvia Reply

    Please l need a loan to start a show room business in Nigeria .I need your attention please. l am from Anambra

    March 24, 2018 at 6:48 am

    I just came across this site and find it interesting and helpful, I’m a mobile money/ agent banking operator, I need more fund to expand my business. How can I get loan from first bank without hassle. Pls, help or any other organization that can help.

    March 25, 2018 at 5:41 pm
  • Dammy Reply

    Hi Abbakin,

    I got a contract of 50m, but need financing. How may I be able to raise loan for such amount please? Your advice will be most appreciated

    March 28, 2018 at 2:23 pm
  • Hephzibah James Madueke Ogavu Reply

    Good day Sir. I have a mini supermarket am running and I need money to boost it to a big supermarket. I been banking with diamond bank for long time now, how can get loan from them ? Due to the account I have with them.

    March 31, 2018 at 1:23 pm
    • Abbakin Reply

      The SME structure have a great needs for businesses financing if we are to grow the economy. Abbakin is still making progress to partner competent financial institutions that understand the needs of business owners in Nigeria and entrepreneurs.

      March 31, 2018 at 7:00 pm
  • Akintunde Kazeem Reply

    Thanks for this great piece. I’ve been in printing business for four years now. I need loan for expansion. How can I go about this, please. Thanks.

    March 31, 2018 at 1:41 pm
  • Abacha Reply

    Wow!!! this is very interesting to see Nigerian youth are fighting to earn a living GOD BLESS Nigeria And GOD BLESS Africa

    March 31, 2018 at 11:04 pm
  • Adewale ademola Reply

    Good afternoon sir,I’m from Gbongan Osun St.,I searched for internet everyday before i get your article which i have interest in it.I am into poultry business and selling of livestock feeds.Sir I’ve tried to boost my business since 2years but all effort were zero.I got small laons from a micro finance bank with short term and huge interest.I will be very glad if you help me out without goin to micro finance bank again.Thanks.

    April 3, 2018 at 1:21 pm
  • azeez olatunji Reply

    I just come across this site and find it interesting am a fashion designer and av been so many state in this country and work with many people but I realize that there is many ways and direction u can go with this fashion business but dose that as money to invest dose not see it the way I see this av try to established my self for long but is not working bcs of financial problem pls I need loan we enable me establish my own and bring many youth from street thank.

    April 5, 2018 at 6:00 pm
  • Kola Reply

    Thanks for your good works sir. Please I have a business idea on e business could you please recommend to me the best microfinance bank with little interest rate in Lagos.

    April 7, 2018 at 6:02 pm
  • Karo Edor Reply

    Thanks for this message, i bank with Stanbic IBTC Bank , we run a cooperate account with them and it my account has been functioning very well. we run a contracting firm (civil,construction and electrical), our major problem is hiring of equipments. will our bank (Stanbic IBTC) grant us loan to buy equipments for leasing and for our personel use in executing our projects.
    we dont run a portfolio company, we have a physical presence (offices) in Port harcourt and Bayelsa State.

    April 8, 2018 at 7:24 am
  • Isaac Reply

    Il need loan of 2m with the first bank to start gari processing industry in my locality. what are the steps to be followed

    April 18, 2018 at 11:10 pm
  • Tony Reply

    For you give loans to buy vehicle for commercial purposes?

    April 19, 2018 at 11:40 am
  • GLORIA Reply

    please I need to get a loan to establish my laundry business. how do I go about it?

    April 19, 2018 at 3:09 pm
  • Phinehas Josiah Reply

    insightful. can the banks listed above offer loan for a building project?

    April 19, 2018 at 6:02 pm
  • Omoyugbo Paul A Reply

    Thanks sir for your write up, though I work with Ondo state government where I collected loan from First bank plc being my bank where my monthly salary goes. Now they don’t give loan again to their customers saying that our state is of the states to they put embargo that our economy is not buoyant. Being a man with a wealthy experience in agriculture l intended to embark in animal production I don’t know how I can get loan from my bank. First bank is one of the 5banks that give loan without collateral. How would help me sir. Thanks for your anticipated cooperation.

    April 19, 2018 at 10:57 pm
  • Stephen Reply

    Hi abbakin thanks for your info but I will like to apply for agricultural loan and importation loan how do I go about it?.

    April 22, 2018 at 8:11 pm
    • Abbakin Reply

      Hello Stephen, there are lots of government agro business loans and support, please take some time to find out online or visit your local small business units. Thanks.

      April 27, 2018 at 12:01 pm
  • Joke kadiri Reply

    Up abbakin pls I need a loan of 200,000 to open a clothing business

    April 23, 2018 at 10:32 am
  • Lawson Joy Reply

    Thanks so much for this great piece. I want to start a creche/babies world of my own. I have gotten somethings such as baby’s cot, toys, television, fan etc. My only challenge now is the money to get an apartment.

    April 25, 2018 at 7:37 pm
  • kayode oguntimehin Reply

    Please can i use my house as a collateral, even if I have no paper ? I only have the paper that cover the buying of the land. Or what can i do?

    April 30, 2018 at 12:46 pm
    • Abbakin Reply

      Ayo we do not facilitate grants, but since the money is small, we encourage you to get the loan from your bank.

      May 1, 2018 at 12:30 pm
      • Anthony Reply

        Hello please I need a loan to start up a business I am based in Abuja and a form company has offered to give me a distributorship contract if only I have a capital base of 5million please I need guidance

        May 1, 2018 at 8:53 pm
      • Stephen Ubangha Reply

        Am a website/software developer.
        And my passion lies on programming (ICT related things). I want to start up an estate ICT tutorials for both children and adults. I have my business plan and cash flow structure. Please, how can I get a startup capital in order to equip my lab, and also rent a training hall for the training. I have been able to take a survey, and I descovered how parents are in need of it, but the want a conducive environment for their children. Please how can I get a startup capital?

        August 8, 2019 at 1:42 pm
  • Mr Moses Peter Reply

    Hi Abbakin Am So Glad For This Info I Want To Go Into Transportation Business Of My Own And I Need To Get A Good Vehicle To Start Please Can I Get Loan For Transport Business From Any Of The Listed Banks

    May 1, 2018 at 1:46 pm
    • Abbakin Reply

      Yes! Just give them a try. Some of them give vehicle or car loans. Cheers!

      May 1, 2018 at 6:36 pm
  • Patience Olufemi Reply

    Hi Abbakin. I need a loan to finance a business I haven’t been able to because of lack of funds. I want to go into the buying and selling if sneakers and sweatshirts. I already have a connection as to where I will be getting them from and I have lots of people about to patronize me. all this is moving towards have my very own swirthshirts line. I’d be really glad if its successful.

    May 9, 2018 at 7:09 am
  • light igwe Reply

    hi Abbakin pls i want to start up a bet9ja shop nd i dont ve the capital for that i bank with diamond

    May 10, 2018 at 12:23 pm
    • Abbakin Reply

      Hello Igwe! You will need a start-up capital so you can be able to pay out winnings in your shop. You need to save up money to start this business and have a good cash flow records while running the business.

      May 15, 2018 at 8:19 pm
  • Blessing Reply

    Hello abbakin my name is blessing I would like to take a loan to start a restaurant business, but don’t know how to go about it .I will really appreciate your help here

    May 15, 2018 at 9:21 pm
  • I shola bolatito Reply

    Hell0 Abbakin,l have a business running for years now.RoyalApparel Jewellry n Accessories.l make beads n sell Jewellries.Need loan to boost my business.

    May 18, 2018 at 8:51 pm
  • Nneli Onyinye Reply

    Hello, My name is Onyinye. I need a loan of 3million to start up a salon. I’m currently working as a barber in a salon located in ikeja Lagos with three years managerial salon experience. I’m also a graduate who has worked in a cooperate organization but has great passion in curring hair.

    May 18, 2018 at 11:21 pm
  • Mr. Ugo Reply

    Abbakin… thanks for this article. Pls. how do I go about raising a loan to upgrade and reactivate a Diagnostic medical Laboratory that I bought recently. Its in a lucruative site beside a University Teaching Hospital. A soft loan to enable me put the machines, restock working materials and some face lift will be appreciated.

    May 28, 2018 at 1:05 pm
  • Stella Reply

    My company is register with CAC and TIN number. I are already in operation…I supply home and industrial liquid soap also frozen fish…the demand for fish has doubled so I need loan to lift it..thanks

    June 5, 2018 at 12:31 pm
  • blessing babson Reply

    Am need of aloan for expansion of my school business. I need to produce school uniform and ofset bal of sport wears made. nm

    June 7, 2018 at 5:28 pm
  • Johnson O, Oluyede Reply

    Am a young proprietor of just approved by moE ,neco and WAEC I need a loan to devolp my permanent site,2.5m

    June 22, 2018 at 8:26 pm
  • Haini Bili Reply

    Thank you for this resourceful info.pls i want to know if only customers of a bank are eligible to apply for a loan

    June 27, 2018 at 9:37 pm
  • Fundy Anthony Jeremiah Reply

    I’m Anthony, I really want a loan to start up a hotel business with 12-rooms for now. My Dad could have help but he doesn’t like the idea of hotel, he feels it’s for sinners. but I’ve come to realize the money in hotel business.

    July 9, 2018 at 6:09 pm
  • Chiemeka Nestor Reply

    Can someone who borrewed money from bank with his credit card and has not yet paid back in full,still get Agricultural loan from SME without difficulty after providing all the necessary requirements needed?

    July 10, 2018 at 3:09 pm
    • Abbakin Reply

      Hello Chiemeka. Before a bank can borrow you money, they will first check your debt profile with the credit bureaus in Nigeria. If your credit profile is bad; in which case you are owing another financial institution a huge amount of money. According to CBN regulation, they may not be able to lend you money. If its a credit card borrowing such as a salary account, that is not actually a formal loan, so you can go ahead and get the Agricultural loan from SME. Cheers!

      July 11, 2018 at 12:31 pm
  • Mary c Reply

    please I want to loan from FIRST BANK without a collateral 500k or 1milion to add up with the money I have and Run my movie production please sir can it be granted

    July 11, 2018 at 1:02 pm
    • Abbakin Reply

      Mary you can’t say until you give it a try. Visit any FB near you as make enquirers. Thanks

      July 15, 2018 at 5:42 am

    Lovely, many thanks for the info.

    July 17, 2018 at 9:00 am
  • Chioma Reply

    I have searched and searched before I finally came across your website.
    Please I need a loan to establish my business actually because of funds I rented a place that was not good for the business which affected my business.
    I need to relocate my business to a good environment that is why am sourcing for a loan am into food, Snacks and soft drinks.
    Please direct me am urgently in need of this helps.

    July 20, 2018 at 4:24 pm
  • Henry Reply

    Thank you for the great piece but please I am having hard time starting my business I’ve been able to get some of the equipments I need but not all I have been trying to obtain a loan but the challenge is that the business is not registered yet so I cannot access SEMs loan. Is there any other available option I can consider

    July 24, 2018 at 4:25 pm
    • Abbakin Reply

      Henry since the business is still small, you can obtain personal loan instead.

      July 27, 2018 at 2:11 pm
  • Alfred Moses Reply

    I would like to find out where do I borrow money at the reasonable interest rate for 6 projected bungalows, 6 projected Duplexes and 1 block of flats of 3 bedrooms I have stated the project presently with 6 Duplex foundation in Ibadan.

    July 25, 2018 at 7:25 pm
  • Oshin Tokunbo Reply

    Am into petroleum products retailing business with about 8 fully operational filling stations at Ijebuode, Ogun State. How can I obtain a non-collateral loan to buy bulk stock of about one million liters for my regular monthly dispenses? Or how can I use property debenture to secure this loan?

    July 25, 2018 at 9:54 pm
    • Abbakin Reply

      Thank you for your question Tokunbo. We are still making efforts to bring more investors on the platform who can be able to contribute to businesses opportunities they like. On the other hand, property debenture is for landlords and property developers operating a limited company who might want to get investment cash, debts, or stock using their property as a form of certificate of indebtedness. Please consult with your banks for more information about how this financial instrument works. Thank you!

      July 26, 2018 at 7:01 pm
  • Nonso Reply

    Please can someone in out side Nigeria loan money and use land as a collateral?

    July 25, 2018 at 11:43 pm
    • Abbakin Reply

      Hello Nonso, if you want a loan in Nigeria, then you have to be present here in Nigeria. If your land has Certificate Of Occupancy (C of O) it is possible that you can get a loan using the Land as a collateral. Please consult your financial lenders for more info. Thanks

      July 26, 2018 at 6:43 pm
  • Anabel Reply

    Hello abbakin am Anabel i have a land in Lagos with proper landed papers their is a building on it already I need a loan to develop the front please what are the requirements to access a loan?

    August 11, 2018 at 11:19 pm
  • Gory Reply

    I have just started a transport business that is generating up to 30k per week with an asset cost of 2.1m. please how and where can I raise a low %
    Loan of about 20m to leverage on this business. Thanks, God bless you

    August 12, 2018 at 9:53 pm
  • Emmanuel Otene Reply

    Thank you very much for this wonderful information sir, may God continue to bless you(Amen) i will try one of those bank, i already got land in ABJ and i want to start my Restaurant business,please i need 2.5K what should i do and a low interest, thank you once more.

    August 18, 2018 at 6:54 am
  • https://greatlakesloans.co Reply

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    September 4, 2018 at 5:32 am
  • Oladokun Oladeji Reply

    I am a businessman seeking for a loan of. N60, 000( Sixty thousand Naira) to ship my goods with FedEx to Nigeria. I intend to pay back at installments of 2 months. Kindly enlighten on terms and conditions. Thanks

    September 4, 2018 at 2:48 pm
  • Samuel Reply

    TESTIMONY ON HOW I GOT MY LOAN FROM THIS GREAT COMPANY: Today as I speak , I told my self that any loan company or lender that could change my broke life of mine and that of my family , I will refer any person that is looking for loan to Them. They gave me happiness to me and my family, I was in need of a loan of $40,000 USD on April 12 2018 and I got my loan without stress They are indeed God fearing people, working with a reputable loan company. If you are in need of a loan and you are 100% sure to pay back the loan please contact them today and please tell them that Mrs Lisa Brooks referred you to them. I wish you good luck thanks and may God Almighty bless you.

    September 8, 2018 at 9:53 am
  • Akanbi Lateef iyanda Reply

    I need a loan of one million naira pls how do I go about it

    September 17, 2018 at 2:57 pm
  • PRECIOUS Reply

    hi mr samuel please tell me which company offer you such loan. becuase i need a loan for my agriculture, which is rice farming buisiness.

    September 22, 2018 at 8:14 am
  • ETIMBUK Reply

    Am Etimbuk i need load of 500k to start up a mannual architectural studio sell drawing instrument i bank in stanbic ibtc

    September 28, 2018 at 5:10 pm
  • Sylvester Imerion Reply

    Mr Abbakin, I want to establish a standard football club and academy, I already have my business plan which has a possible revenue of over ten billion naira in the next ten years.
    all I need is a loan to finance the project because sports business needs huge capital in order to reap huge profit.
    how can I go about in securing the loan of over 100million naira.

    September 29, 2018 at 3:49 pm
  • Olabanji Obiwunmi Reply

    This is a great idea, if this can be done easily I am very sure that in 10-15years to this time unemployment will reduce drastically in Nigeria.
    I am a graphics designer/ printer and I owner a printing company. I need business loan to increase the level of my business. Pls tell how to ho about it and the lowest rate interest that will not affect my business. Thanks for ur eagerness to support youth development.

    October 1, 2018 at 8:10 am
  • Animudu uche Alfred Reply

    Please Abbakin how can I get a loan to add to the one I have to build a filling station?

    October 5, 2018 at 3:13 pm
  • Esu Odiong Ekpu Reply

    My question 1is that, I hope bank people would not thinks difficult for applicant to access the loan, question 2 is? how is the interest rate in any loans there is an interest rate attach to it thanks Sir waiting for your reply.

    October 19, 2018 at 7:18 am
  • Derigs Reply

    Dear Abbakin,
    in my case i have a real estate project that i have succeeded in acquiring land and funds from abroad, and all that is required of me is to mobilize to site and take off with the project and host an investment review meeting with my foreign financiers, which all estimate put together will cost me a hundred million Naira, this is why i need a loan to run all of these expenses and mobilized for work, how possible is this with the banks you just mentioned. and in this case what terms can i use to write to the bank to warrant approval
    thanks in anticipation for your advice

    November 7, 2018 at 12:08 am
  • Onabunme Sunday Reply

    my name is Sunday. I need a loan to start paints production and antibacterial soap production. please how can I go about it.

    December 9, 2018 at 4:42 pm
  • Hanny Reply

    Hey, which bank can lend me 5million to start an event centre, i already have the plot i want to build it and start

    December 16, 2018 at 9:14 pm
  • baby Reply

    I want to start ice block business in Lagos and I need deep freezer to start.
    Have met so many people but no one wants to help.
    How do I get loan.

    December 18, 2018 at 1:40 pm
  • damilare Reply

    please how can i get a loan to start up my plantain plantation business

    December 27, 2018 at 9:10 am
  • Austin Alfred Reply

    Hello sir/ma.

    Good day.

    Please I need a loan to run fishery business, I need about 120k loan . The business plans are already in place just left with capital for start-up.
    How do I get a loan for this? Am Austin Alfred lives in Asaba.

    January 25, 2019 at 1:30 pm
  • Gabriel Aondohemba Reply

    Its a good information. I want to start recharge card business, not knowing how/where to get loan. please sir,help me. I am Gabriel Aondohemba.

    March 1, 2019 at 1:15 am
  • Mrs Obodo Reply

    please i need a loan to start up a small entrepreneur which i believe it will also help to reduce unemployment.I want to go into Food processing bring back our local food to be known also giving it repackageing.Making it easy to consume and Home use such as soap,Dettol,Bleach, Water starch.Air freshener.Mosguito killer,Izal and Mayonnaise.

    March 15, 2019 at 12:51 pm
  • Tobi Fash Reply

    This is a great great article, it’ll go a long way on which step am taking next. Thanks

    March 18, 2019 at 11:13 pm
  • Ajabor Gospels Reply

    Hello. Thank you for this article. I am Ajabor Gospel and l need a loan of N1.1 million naira to purchase a Suzuki mini bus to start up commercial driving for myself in benin city of Edo state Nigeria. Thanks

    March 24, 2019 at 1:36 pm
  • Agba Titus Reply

    pls i need a loan to start up poutry farm

    April 10, 2019 at 11:03 pm
  • Japhet Pukuma Reply

    Wow, anything I say here is an understatement however, this piece has really open my eyes and changed my whole thinking. I will appreciate to have one of your agent to work with. Thanks so much.

    April 16, 2019 at 11:58 pm
  • Isaiah Reply

    Can I get a loan of about 150k for a start for ex trade?

    May 7, 2019 at 1:28 pm
  • Rita Anagor Reply

    I need a loan please

    May 24, 2019 at 2:57 pm
  • Abdullahi Reply

    I am a transporter of container truck in apapa, I will need load of 7million naira, I am operating my first bank account for like 9years now

    June 24, 2019 at 9:00 pm
  • Joshua Akan Reply

    Thank you sir. This is quite informative and helpful. I’m into cassava processing and garri business, I would have loved to access business assets loan for my some of my needed equipments in order to increase my production.

    July 21, 2019 at 12:27 pm

    pls am into printing and branding i will appreciate if i can get loan to boost my business bcos i need some machines to backup my business pls

    July 22, 2019 at 3:57 pm
  • Adebiyi Yinka Reply

    Please I need a loan to start a business like food stuff and other things to be selling like frozen stuff too. So please I need load to buy some market in the shop, and I need deep freezer. Generator, etc. And u can visit my shop as well thanks. Please I will be if my request is granted.

    July 24, 2019 at 2:49 am
    • Uzoamaka emeka Reply

      I uzoamaka emeka, pls I need a loan to purchase maruwa or ur organization should purchase it. I can as make initial deposit of 10%. And should be repaying weekly or monthly as will be needed. I hope my request will be respond early

      August 8, 2019 at 12:03 pm

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