Do you need loan and don't know how to get a loan simply because you do not have collateral?
There a number of ways to secure a soft loan here in Nigeria without passing through any stress.
This articles explains the possible chances of getting a soft loan in Nigeria without pledging collateral.
With a good loan plan, you should be on your way of becoming the next leader in your field/industry in no time. Hence, the reason for writing this article.
These Micro finance banks can give loans to businesses with lower interest rates when compared to the commercial banks. The loans are also given without collateral.
There is however, a signed agreement capturing a payment plan agreed upon by the beneficiary.
The challenge here is how to identify them as they make no announcement as to who they are.
You can obtain loans from Business Angels based on trust.
An agreement is then reached and you are given the loan without any collateral.
Related Searches:
In order to benefit from cooperative societies, you must be a member.
One of the perks of becoming a member includes obtaining soft loans without any collateral.
This can be paid back based on the agreement reached and signed by both parties.
An example is their focus on agriculture. There is a scheme that provides soft loan for farmers without collateral and they are allowed to pay back based on an agreement.
All you need to do is find a scheme for small businesses and you will be able to apply to get your collateral free loan.
It comprises a small group of trusted members who pull funds together weekly or monthly. Each person contributes an agreed amount and at the end of the week or month the lump sum is given to one person and the process is repeated until all members have benefited.
This is a quick way to raise funds without collateral.
In order to benefit from cooperative societies, you must be a member.
One of the perks of becoming a member includes obtaining soft loans without any collateral.
This can be paid back based on the agreement reached and signed by both parties.
Source: NigeriaFinder.
There a number of ways to secure a soft loan here in Nigeria without passing through any stress.
This articles explains the possible chances of getting a soft loan in Nigeria without pledging collateral.
With a good loan plan, you should be on your way of becoming the next leader in your field/industry in no time. Hence, the reason for writing this article.
Places Where You Can Get a Soft Loan in Nigeria without any Collateral
Below are the recommended sources of getting loans without collateral in Nigeria
Microfinance banks
The micro finance bank as the name implies is a financial institution feared specifically for low income earners. They also cater mostly for small and medium scale businesses.These Micro finance banks can give loans to businesses with lower interest rates when compared to the commercial banks. The loans are also given without collateral.
There is however, a signed agreement capturing a payment plan agreed upon by the beneficiary.
Business Angels
These are private individuals who are financially buoyant and have the keen interest of helping small businesses grow.The challenge here is how to identify them as they make no announcement as to who they are.
You can obtain loans from Business Angels based on trust.
An agreement is then reached and you are given the loan without any collateral.
Related Searches:
- online loans in nigeria
- loans in nigeria without collateral
- instant loan in lagos
- soft loan in nigeria
- free loan in nigeria
- private money lenders in nigeria
- c24 loan
- borrow money online in nigeria
Quick Links:
How to check WAEC Result 2017/2018
Cooperative Societies
So many organizations have developed a cooperative society to help with different types of challenges.In order to benefit from cooperative societies, you must be a member.
One of the perks of becoming a member includes obtaining soft loans without any collateral.
This can be paid back based on the agreement reached and signed by both parties.
Federal Government Agencies
The Federal Government has several schemes that provide opportunity for growth to small businesses.An example is their focus on agriculture. There is a scheme that provides soft loan for farmers without collateral and they are allowed to pay back based on an agreement.
All you need to do is find a scheme for small businesses and you will be able to apply to get your collateral free loan.
Revolving Loan Schemes
This is a simple scheme that has been in existence for a long time. It popularly called “Adashe” in Hausa, “Esusu” in Yoruba and “Utu” in Igbo.It comprises a small group of trusted members who pull funds together weekly or monthly. Each person contributes an agreed amount and at the end of the week or month the lump sum is given to one person and the process is repeated until all members have benefited.
This is a quick way to raise funds without collateral.
Searches related to free loan in Nigeria
- how to get a quick loan in nigeria
- loan givers in nigeria
- online loans in nigeria
- international loan without collateral
- personal loans in nigeria
- instant loan in lagos
- private money lenders in nigeria
- borrow money online in nigeria
Cooperative Societies
So many organizations have developed a cooperative society to help with different types of challenges.In order to benefit from cooperative societies, you must be a member.
One of the perks of becoming a member includes obtaining soft loans without any collateral.
This can be paid back based on the agreement reached and signed by both parties.
Source: NigeriaFinder.
Text your name and email for activation keys ➡ 09034039101
Sufficient loan Limited Company
ReplyDeletedo you need a private financial loan company to pay off your debt, or to start up a new business? if yes contact us today via: sufficientloans@gmail.com for more details about our services.
Nice piece of information
ReplyDelete