Top 10 Best Banks That Give Loans Without Collateral in Nigeria (2025)

Are you looking for the best banks that give loans without collateral in Nigeria in 2025? Whether you're a salary earner, business owner, student, or civil servant, this guide is for you.

Many Nigerians need financial support but don’t have collateral like land documents, cars, or fixed assets. The good news is that several commercial banks and microfinance institutions in Nigeria now offer non-collateral loans, making credit access easier than ever.

In this complete guide, you’ll discover:

• The top banks giving loans without collateral in Nigeria 2025

• Types of no-collateral loans you can apply for

• How to qualify

• Requirements and tips for fast approval

• Answers to all the common questions Nigerians ask

What Are Loans Without Collateral?

Loans without collateral are credit facilities offered by banks or licensed lenders without requiring physical assets as security. These are also called unsecured loans.

In Nigeria, these types of loans are ideal for:

• Salaried workers with consistent income

• Small business owners (SMEs)

• NYSC members or students with allowances

• Traders and artisans with good bank records

How Do Banks Offer Loans Without Collateral?

Banks use other metrics such as:

• Your monthly income (salary or business inflow)

• Your credit score or repayment history

• Your bank account transaction history

• Employer verification (for salary-based loans)

These metrics help banks assess your creditworthiness even if you don’t have collateral.

Types of Loans You Can Get Without Collateral in Nigeria

Here are some common types of no-collateral loans Nigerian banks offer in 2025:

• Salary Advance Loans

• SME/Business Loans

• Student/NYSC Loans

• Digital Bank Overdrafts

• Quick Consumer Loans

• Device/Asset Financing (Buy Now, Pay Later)

Let’s now look at the best banks that give loans without collateral in Nigeria this year.

Top 10 Best Banks That Give Loans Without Collateral in Nigeria (2025)

1. Access Bank – QuickBucks Loan

• Loan Type: Personal, Salary Advance, Device Loan

• Collateral: Not required

• Loan Range: ₦20,000 – ₦5,000,000

• Tenure: 3 – 12 months

• Interest Rate: 3% – 4% monthly

Access Bank’s QuickBucks app allows users to access instant loans without collateral. Salary earners with regular inflows qualify easily.

2. GTBank – QuickCredit

• Loan Type: Salary Advance

• Collateral: None

• Loan Range: ₦10,000 – ₦5,000,000

• Tenure: Up to 12 months

• Interest Rate: 1.5% monthly

QuickCredit is one of Nigeria’s most popular unsecured loan options. It’s available to GTBank customers with active salary accounts.

3. UBA – Click Credit

• Loan Type: Click Credit Personal Loan

• Collateral: Not required

• Loan Range: ₦50,000 – ₦1,000,000

• Tenure: Up to 12 months

• Interest Rate: 2% monthly

UBA offers easy loans to salary earners and government workers. Repayment is deducted directly from salary inflows.

4. Zenith Bank – Salary Advance

• Loan Type: Salary-based Personal Loan

• Collateral: No collateral

• Loan Range: Up to 60% of net salary

• Tenure: 30 days, renewable

• Interest Rate: 3% – 4% monthly

Zenith Bank allows customers to get up to 60% of their salary in advance, no collateral required.

5. First Bank – FirstAdvance

• Loan Type: Salary Advance

• Collateral: None

• Loan Range: ₦50,000 – ₦500,000

• Tenure: 30 days

• Interest Rate: 2.5% – 3% monthly

Offered via FirstMobile app, FirstAdvance is ideal for customers with salary domiciled in First Bank.

6. Polaris Bank – Polaris Salary Advance

• Loan Type: Salary-backed Loan

• Collateral: Not required

• Loan Range: Up to 50% of monthly income

• Tenure: Short-term

• Interest Rate: Varies

Polaris Bank offers loans to civil servants and employees of reputable firms with valid bank records.

7. Fidelity Bank – Fast Loan

• Loan Type: Personal & Business Loan

• Collateral: None

• Loan Range: ₦10,000 – ₦2,000,000

• Tenure: 1 – 12 months

• Interest Rate: Competitive

Fidelity’s loan is accessed via *770# or their mobile app and does not require physical collateral.

8. Stanbic IBTC – EZ Cash

• Loan Type: Salary Loan

• Collateral: None

• Loan Range: ₦20,000 – ₦5,000,000

• Tenure: Up to 12 months

• Interest Rate: 2.5% – 4% monthly

Available to Stanbic customers with salary history or regular inflow.

9. Wema Bank – ALAT Quick Loan

• Loan Type: Digital Personal Loan

• Collateral: Not needed

• Loan Range: ₦10,000 – ₦2,000,000

• Tenure: 1 – 12 months

• Interest Rate: From 2.5% monthly

The ALAT app offers one of the best digital experiences for accessing loans without collateral.

10. Union Bank – Payday Loan

• Loan Type: Salary Advance

• Collateral: No

• Loan Range: ₦20,000 – ₦1,000,000

• Tenure: 1 – 6 months

• Interest Rate: Moderate

Offered through USSD or UnionMobile app for employed individuals.

Tips to Get Bank Loans Without Collateral in Nigeria 2025

To increase your chances of approval:

• Maintain regular salary or business inflow

• Avoid failed or reversed transactions

• Ensure your BVN and bank records are clean

• Use your bank’s mobile app or USSD for faster access

• Repay previous loans on time to build a credit profile

• Avoid switching jobs without updating your bank records

Summary Table – Best Banks That Give Loans Without Collateral in Nigeria (2025)

FAQs – Best Banks That Give Loans Without Collateral in Nigeria 2025

Which bank gives the easiest loan without collateral?
GTBank’s QuickCredit and Access Bank’s QuickBucks are among the easiest options for salary earners.

Do I need to be a salary earner to qualify?
Yes, most of these loans are salary-based, though some banks like Fidelity and ALAT offer business-based options too.

Can students or NYSC corps members apply?
Some banks offer youth-focused loans under special programs. Wema Bank’s ALAT, for instance, is NYSC-friendly.

Is it safe to take a bank loan without collateral?
Yes. These loans are regulated and deductions are automated from your account.

How fast is the disbursement?
Most banks disburse loans instantly after approval, especially if you apply via their mobile app.

Final Thoughts on Best Banks That Give Loans Without Collateral in Nigeria (2025)

If you’ve been worried about accessing credit because you don’t have physical assets or land titles, this list of the best banks that give loans without collateral in Nigeria in 2025 will guide you.

These banks offer fast, reliable, and safe financial support without asking for houses, cars, or guarantors. Just ensure your salary is steady, your BVN is correct, and your repayment history is clean.

For salary earners, these loans can be a game-changer during emergencies, rent season, business funding, or even family needs.