Soft Loans in Nigeria – Meaning and where to get it

Have you ever found yourself in a tight spot, desperately needing some extra cash? You’re not alone! Many people face unexpected expenses, especially in Nigeria’s unpredictable economy. In times like these, soft loans, also known as quick loans, can be a helpful solution.

These loans are offered by financial institutions at lower interest rates and don’t require collateral. Here are five reputable companies in Nigeria where you can explore this option:

  1. Paylater (Carbon)

Paylater, also known as Carbon, is an online lending platform that processes approvals within minutes. They cater to both businesses and salaried individuals in Nigeria. With Carbon, you can access up to N500,000, and they disburse funds within a reasonable 1-3 days.

  1. Kia Kia

The name “Kia Kia” translates to “Quickly” in English, and that’s precisely what they excel at – swift loan approvals and disbursements. Kia Kia also provides an opportunity for individuals to invest in loans, offering a chance for interest returns on investments.

  1. C24 Limited

What sets C24 Limited apart is their user-friendly website, featuring a repayment calculator for easy visualization of your repayment plan. Like the others, the application process is digital, making it convenient for applicants.

  1. Quickcheck

Quickcheck is ideal for those in need of a quick boost of less than N100,000. The application can be completed online or through their dedicated app. Approval is speedy, often taking less than 30 minutes, with disbursements happening as quickly as an hour.

  1. Specta

Specta is a lending company that offers loans of up to a substantial N5 million without requiring collateral. The application process is incredibly swift, taking as little as 5 minutes, and funds are disbursed within the hour.


While soft loans can be a helpful lifeline in times of financial strain, it’s crucial to use them responsibly. Remember, loans come with interest, so it’s essential to plan for timely repayment. If you’re considering a soft loan, explore these options to find the one that best suits your needs. Your financial stability is important, and these companies are here to help.

Dont Forget to Share this post..Thanks!

Leave a Comment