Unexpected things happen sometimes, either good or bad and you may be bothered with a question: I need a loan of 50000 naira. Getting a 50000 naira loan is not a problem because there are numerous loan platforms in Nigeria that give 50000 naira loans to their customers without collateral or physical documentation.
Do you need a loan of 50000 naira instantly and you do not know where to get it? Worry no more because, in this blog post, I will walk you through the best 5 apps where you can get a 50000 naira loan to meet your needs.
We have a good number of lending platforms that offer urgent loans to Nigerians. All you need to do is to meet the loan requirements and you will be credited with the loan in a twinkle of an eye.
Without wasting time let’s look at the best platforms where you can get a 50000 naira loan without stress.
Top 5 Apps to Get a 50000 Naira Loan
The following apps are the top best apps that offer you a 50000 naira loan.
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Fair money
FairMoney is a digital Bank that makes it easy for you to apply for a loan and receive your loan in your bank account in minutes 24/7. Though it is a digital Bank, Fairmoney has a physical office in Lagos State. Fair money is one of the digital platforms where you can access a 50000 naira loan. In fact, you can access up to 3,000,000 million naira on the platform.
In order to access this loan you do not need a document, nor a collateral. However, you will need to share your BVN details during the loan application. Also, you must connect your card or Bank account to authorize Fairmoney to debit your account for the repayment.
Furthermore, the speed of delivery of the loan is top-notch. That is, you can get a loan instantly in 5 minutes, from anywhere in Nigeria. Also, their repayment method is flexible.
The good thing about this app is that as soon as your previous loan repayment is confirmed, you can reapply immediately and get another loan in seconds.
Yet, you can extend your loan repayment tenor. To do this just go to “Manage loan” on your app to see extension offers.
You do not have to be scared because FairMoney will never sell the information you share to third parties.
Besides, Fairmoney also has a feature that allows you to earn money daily when you keep money in your FairSave. Immediately you credit your FairSave, you start earning money.
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Branch International
The Branch is one of the world’s leading platforms where you can have access to instant loans. With this app, you do not need physical documentation or collateral.
Branch is one of the loan apps where you can have access to a 50000 naira loan and more. In the time past, Branch International has issued over 29 million loans which is equivalent to over 1 billion in disbursement.
Furthermore, Branch International analyzes smartphone data to determine your loan eligibility. However, this is done with your explicit permission. You do not have to worry about being delayed as their machine learning algorithms process thousands of data points to create personalized loan options in a matter of seconds.
Besides granting loans to people, Branch International also provides top-notch access to a range of high-quality digital banking products like;
- Money transfers
- Bill payment
- High yield investments
- Savings and so on.
The good thing is that both the loan application and its other features can be accessed on your smartphone.
Just like Fairmoney, Branch International offers you a way to save and invest your hard-earned money. They help you make your money work harder while you sleep.
Ultimately, the Branch app has over 40 million downloads on the Google Play Store across Africa and India. Also, they offer loans at competitive interest rates.
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Aella Credit
Aella Credit is another platform where you can have access to 50000 naira loans and more. In fact, you can access up to 1,000,000 naira on the app. However, before you can benefit from this great platform you will have to download the Aella App then you will be required to create an account with Aella Credit. After that, you will be required to fill in all required fields with valid and appropriate information.
After that, you will be required to click the “Check Eligibility” and then apply for a loan that works for you. Immediately after your loan application is approved you will receive your funds in your Aella Wallet. Note that the whole process will take you between 5 minutes to a few hours.
It is also important to note that the amount you will be given depends on various factors. Hence, ensure that you use your mobile device and provide the appropriate details to receive the best possible loan offer. Furthermore, your BVN will be required before you can be given a loan in this app. Though the BVN is sensitive information, however, you do not have to worry as your information is safe with Aella. Besides, your BVN does not provide access to your account.
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Carbon
Carbon is a digital financial platform that offers modern banking services to ambitious, youthful, unrelenting Africans looking for value and control over their finances. On this platform, you can get a 50000 naira loan instantly to cover your urgent and unexpected needs without stress.
However, before you can enjoy the benefit of this 50000 naira loan and more you have to provide your Bank Verification, your registered phone number, and a brief bio-data after you have downloaded the app. Furthermore, you do not need collateral whatsoever, or a guarantor to get your loan application approved on the Carbon loan app.
With Carbon, access to loans is simple and easy. However, to unlock higher loan amounts and lower interest rates make sure you repay your loans on time.
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RenMoney
Renmoney is one of the most popular fintech companies in Nigeria that offers both personal and business loans. It is one of the legit platforms in Nigeria where you can have access to 50000 naira loans and more. Hence, it is one of the most widely used loan apps. This is because of their impressive loan options and flexible repayment options.
In order to access loans from RenMoney. You must first download its app. After that, you will be required to fill in some information about yourself. Also, you need to provide your Bank Verification Number so as to ascertain you are the one applying for the loan. On this platform, you can get up to ₦6 million loans for up to 24 months.
With RenoMoney you can access loans without a collateral or guarantor. Also, you do not need any physical documentation.
Final Thought
If you intend to get a N50000 naira loan then you can contact any of the lending platforms we have listed in this article. They provide quick and accessible loans to all their customers with pocket-friendly interest rates. You do not need to go through lengthy processes before you can access their loan options. There are many loan sites where to get instant loans. They have been highlighted
Frequently Asked Questions on I Need a Loan of 50000 Naira
Below are some of the questions you might have in mind concerning a 50000 naira loan.
How can I get a loan of 50000 in a day?
To get a loan of 50000 naira in a day all you need to do is visit any of the platforms shared on this post and make your request known. However, you will have to download any of the chosen apps and create an account. Ultimately, select your desired loan.
Does any loan app grant a 50000 naira loan?
Yes, there are numerous loan apps that grant a 50000 naira loan to their worthy customer. Any of the apps listed above will give you a 50000 naira loan and above if you meet their requirements.
Do I need to provide my BVN if I need a 50000 naira loan?
Yes, if you need a 50000 naira loan then there is a need to provide your lender with your BVN. This is so because of the dubious act of some people. Most loan apps grant a lower amount of loans. However, if you need a higher loan amount then you must be ready to fill in your BVN details on the loan app.
What are the requirements to access a 50000 naira loan?
In order to access a loan worth 50000 naira. You must have a good credit score. Also, you must be ready to share your BVN and other details with the loan app.
Is my BVN safe with these loan apps?
Yes, your BVN is safe when you share it with any of the loan apps listed above because they are legit. Hence, they will never share your BVN with a third party.
