Which Nigerian banks give easy loans?

Commercial banks are generally known for their stubborn nature in lending to individuals without collateral.

Therefore, it has built a reputation over the years, leading many to turn to microfinance banks, private lenders, and other lending institutions.

However, if you are wondering which banks in Nigeria offer easy loans today or if there are any such banks, you are in the right place. We will discuss exactly that in this article.

Banking and loan payment system in Nigeria

As we have said before, most people have the mentality that commercial banks rarely lend to the general public and prefer higher collateral loans. Well, that’s kind of true, especially in the past.

Banks prefer the least risky and most profitable option and you can pay as long as you have assets that fit into their statement for use as collateral.

Of course, the majority of the Nigerian population does not have such luxury and as a result, loans from banks have been found to be difficult and near impossible.

However, today commercial banks have created a system that caters to both the lower class, the middle class, and the upper class.

So you can take a few lakh Nairs from a few thousand Nairs. Today, there are banks in Nigeria that offer easy loans and we will discuss them soon.

Which bank gives easy loans in Nigeria?

Some of the banks in Nigeria that offer easy loans are:

Guarantee Trust Bank

Although one of the top banks in Nigeria, GTB offers an instant credit option that is easy to use and quite responsive. Also, you can get approval within two hours of approval and the account can be credited to your account. The fast credit option has made GTB one of the easiest lending banks in Nigeria.

Access Bank

Another top bank in Nigeria, the Access Bank app offers customers the option to take easy loans. QuickBooks is a mobile application that makes it possible and it's as easy as downloading and getting the app.

The first bank

Nigeria is the first commercial bank in Nigeria with more than 100 million active customer accounts. They provide a platform for instant loans through FirstEdunson and other options that you can accept as a customer.

United Bank for Africa (UBA)

UBA offers you a variety of quick loan options from personal overdrafts that allow you to spend a little more than you do, giving you "No Whala Loan" which gives you extra cash to take care of sudden bills.

Zenith Bank

Zenith is a Nigerian bank that provides easily accessible loans to customers. These include SME loans, import benefits, term loans, overdrafts, and more. So, with Zenith Bank it is a matter of choosing your preferences

Stanbic IBTC

It is a subsidiary of Standard Bank Group of Nigeria and is a bank that provides easily accessible business and personal information. Also, Stanbic IBTC is one of the banks in Nigeria that will provide loans to you without a residential account.

Loyalty Bank

The much-received praise from Fidelity Bank is an expression of its commitment to support Nigerian SMEs. The bank operates a Fidelity Easy Access Leasing Scheme (FAILS) which makes it easier for businesses and individuals to take loans.


Advances in technology have made it easier for banks to file papers easily, which usually takes weeks. Therefore, you can easily and conveniently get loans from the top banks in Nigeria.

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