Posted by: James Okwise Category: Banking, Loans Comments: 0

List Of Commercial Banks in Nigeria that Give Loans Without Collateral

People now find it easy to borrow money from online loan apps like Palmpay and Fairmoney, which is seen as the fastest way to get a loan without collateral. But what if we show you a list of commercial banks in Nigeria that give loans without collateral or a selfie? In this article, we give you a detailed list of top commercial banks approved by CBN that gives loan without collateral and their interest rate.

If you need money urgently and do not have time to use online loan apps but have an account with any of these banks, you can get a loan without collateral from them now.

However, you must have maintained a good credit account with them and no loan default history. Some will require you to be a salary earner, such as First Bank of Nigeria, and others to give you a loan without collateral.

FirstBank Loan Without Collateral

FirstBank is among the typical bank in almost all states in Nigeria and a top-rated bank for salary earners. Suppose you want a loan without collateral from First Bank of Nigeria. In that case, one of the eligibility criteria is to be a salary earner from a well-recognized organization in Nigeria that is also a registered company with an active bank account.

FirstBank offers different loan options for all their customers, ranging from Educational loans, Salary loans, Business loans, and Property loans.

  • FirstCredit.
  • Personal Home Loan.
  • Joint Morgage.
  • Automobile.
  • Salary Loan.
  • First Trader Solution.
  • Health Finance.
  • FirstEdu.
  • SME financing.
  • Contract Financing.

Above all, from our research with customer support at First Bank, Salary Loan is the only loan option you can get without collateral from First Bank of Nigeria.

Depending on the amount of loan, the interest rate varies. Contact your financial adviser for more guidance.

FirstBank Loan USSD Code is *894*11#.

Access Bank Loan Without Collateral

Access Bank is the largest bank in Africa and more in Nigeria. After merging with Diamond Bank, you can easily borrow a loan from Access Bank (a small amount) without collateral.

You can use the app or visit the bank branch to request a loan.

Access Bank has a separate program for loans which is called Payday

Other loan options available on Access Bank PLC;

  • Personal Loan.
  • Payday Loan.
  • Quickbucks.
  • Salary Advance.
  • Creative Sector Loan.
  • Access Device Financing.
  • Advance For School Fees.
  • Vehicle Finance.
  • Home Loan.
  • W Power Loan.
  • Maternal Health Service Support (MHSS).
  • Small Ticket Personal Loans.
  • Access Agent Loan.
  • Lending Against Turnover (LATO).
  • Lending Against Turnover (LATO) Premium.
  • Consumer Asset Lease.
  • Vacation Finance.

From our research, the Access Bank repayment option is quite friendly, and you do not need collateral.

Wema Bank Loan Without Collateral

Wema Bank is among the bank in Nigeria that supports SMEs and individuals in growing their finance, here are some loan services offered by Wema bank

  • school advance
  • Wema Asset Acquisition Scheme (WASS)
  • Personal Loan
  • Wema bank term loans
  • SME Loan
  • Lease Finance Facility
  • CBN SME Loan
  • Wema Bank Business Support Facility

UBA Loan Without Collateral

United Bank for Africa – UBA is the top bank in Nigeria, and trusted among others commercial banks in Nigeria. if you are a salary worker from a well know company, you can get a loan up to 10 millionaira and a very good repayment plan and interest rate

How to borrow money from UBA without collateral?

Eligibility Criteria

  1. Duly completed loan application form.
  2. Valid means of Identification (international passport, national driver’s license, national id card and voters card.
  3. Copy of customer’s staff ID.
  4. Pay slips or bank statement of account reflecting salary inflows in the last 6 months.
  5. Customer’s instruction letter.

How to apply for loan

  • Visit a UBA branch to complete a loan application form.
  • Submit a completed loan application form with supporting documents at any branch
  • Execute an offer letter detailing the loan terms and requirements, following loan approval
  • Loan will be disbursed into salary account domiciled with the Bank


Here are a few commercial banks that give loans without is essential to ask your bank if they can give you a loan without collateral and know if you are eligible for a loan.

We hope this guide helps you find an option where to get a loan without collateral in Nigeria.

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