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Home News Nigeria National

Quick Loans Available For N-Power Beneficiaries

Abraham by Abraham
November 19, 2020
in National
13

There are several quick loan opportunities for N-Power beneficiaries looking for financial support. Afriupdate started to collate these credit opportunities to reduce the stress of having to surf through the internet. This is the second series of loan available for N-Power beneficiaries.

One thing is clear, quick loans are now the best way to obtain loan compared to seeking for loan at the bank. These quick loan enable N-Power beneficiaries to obtain loan within five minutes through their phone without having to provide any collateral or fill paperworks.

All N-Power beneficiaries need to do is download mobile apps of these quick loans, register, and get alert for requested loan. In the first series, Afriupdate listed five quick loans, in this series, another list of five quick loan apps will be suggested for N-Power beneficiaries.

Five Quick Loans For N-Power Beneficiaries

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Eyowo: This quick loan was founded by Tomi Amao. Eyowo comes with a different flavour, as it offers credit applicants interest-free loan, and also doesn’t demand for collateral. With Eyowo, all loan seekers need to get started to obtain loan is phone number.

Eyowo’s interest-free loan is what differentiates it from other loan apps. Over three million people are using the Eyowo platform according to company which also offers its users savings opportunity.

Quick Check: This loan app is good for when N-Power beneficiaries need emergency funds but no family or friends available to borrow them. With Quick Check, N-Power beneficiaries don’t need to provide a guarantor just to apply or obtain loan. Currently, QuickCheck has been downloaded over 500,000 times.

Quick Check, which is co-founded by Bola Martins-Kuye, borrow loan seekers as much as NGN200,000, and you get to choose your preferred loan tenure or due date. Quick Check offer its loan for as low as five percent, although, the interest rate can be influenced by the range of loan needed.

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Fairmoney: This is another loan app that is available for N-Power beneficiaries to use whenever they are in need of cash. Laurin Hainy heads FairMoney, where about 1,500 loans are issued daily. The popularity of FairMoney has grown looking at the number of times its app has been downloaded – one million.

FairMoney gives loan seekers loan ranging from NGN1,500 to NGN500,000. The interest rate is tied to the amount demanded by the loan applicant. However, FairMoney’s interest rate is high, but it’s a good loan app to turn to when in need of money.

READ ALSO: CBN Announces New N2bn Agric Fund; See Requirements And How To Apply

GoCash: This is one of the least popular quick loan apps, but that doesn’t reduce GoCash’s value in the quick loan market, as it also offers loan in minutes. Although it has only been downloaded 100,000 times, it is a loan app that promises low interest rate.

N-Power beneficiaries can borrow as much as NGN300,000 from their mobile phone without having to visit any office or submit paperwork. But in as much as GoCash promise low interest rate, note that the amount you borrow is also a determinant.

Alat: This is Wema Bank’s quick loan initiative, where the bank offer loan seekers credit to make purchases. Despite being a Wema Bank loan platform, you don’t have to visit the bank to apply or obtain loan – all that is need is register on the Alat app.

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Related topics: N-PowerN-Power newsNpowerSadiya Umar-Farouq
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Comments 13

  1. FAWIBE atinuke Rachael says:
    5 years ago

    Loan

    Reply
  2. Oguntolu gbenga paul says:
    5 years ago

    Till when

    Reply
  3. Oguntolu gbenga paul says:
    5 years ago

    How can I get d loan ?

    Reply
  4. Usman saidu says:
    5 years ago

    Agricultural materials

    Reply
  5. Yunusa Muhammad says:
    5 years ago

    Interested

    Reply
  6. ADESEYE ADEKOYA says:
    5 years ago

    IAM interested

    Reply
  7. Gabriel Emmanuel Ashu says:
    5 years ago

    Please,how can I get this loan

    Reply
  8. Msuega Francis says:
    5 years ago

    Une k saater

    Reply
  9. Onyejiuwa Christopher Ifeanyi says:
    5 years ago

    How do I access the loan pls?

    Reply
  10. Onyejiuwa Christopher Ifeanyi says:
    5 years ago

    Hello house!

    Reply
  11. Msuega Francis says:
    5 years ago

    Good to hear that,i need financial support to improve

    Reply
  12. Edehwosa edafe says:
    5 years ago

    I edehwosa one of the N power beneficiary looking for finical support to put my bussiness in other

    Reply
  13. Zahur Ahmed says:
    5 years ago

    Is a welcome development

    Reply

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