Nigeria's #1 Loan Comparison Platform
Find the cheapest loan in Lagos — without the stress. cheapest loan in Lagos
Compare offers from 30+ licensed banks and fintechs in under 3 minutes. No hidden charges, no branch queues — just the right loan for you.
Why Nigerians trust NaijaLoan
- 30+ licensed lenders We only list CBN-regulated banks and CBN-licensed fintechs — no loan sharks.
- ₦50 billion+ matched Over fifty billion naira in loan offers matched to Nigerians since 2021.
- 200,000+ borrowers served From Ikeja to Ibadan, hundreds of thousands of Nigerians have compared and applied.
- 100% free to use Comparing costs you nothing. We earn a referral fee from lenders, never from you.
- Data protected Your information is encrypted and never sold. We comply with NDPR data privacy rules.
- Average 4.8 ★ rating Rated by verified borrowers on Google and the App Store.
How it works
Three steps to your best loan offer
No paperwork, no branch visit, no wahala.
1. Tell us what you need
Enter your loan amount, preferred tenor, and purpose — personal, business, or emergency. It takes less than 60 seconds.
2. We match you instantly
Our engine checks your profile against live offers from 30+ lenders and ranks them by total cost — interest rate, fees, and all.
3. Apply directly with your chosen lender
Pick the offer that suits you and apply in one click. The lender handles disbursement — many pay out same day.
What you can compare
Every loan type, one platform
Whether you need quick cash or capital to grow your business, we have lenders ready.
Personal loans
Salary-backed or unsecured personal loans from ₦50,000 to ₦5,000,000. Tenors from 1 to 24 months. Compare rates from Access Bank, Carbon, FairMoney, and more.
Business loans
Working capital and SME loans from ₦500,000 to ₦50,000,000 for Lagos traders, retailers, and entrepreneurs. Flexible repayment schedules.
Emergency loans
Need cash today? Compare instant-disbursement loans that pay out in as little as 5 minutes — no collateral required.
Asset finance
Finance a generator, laptop, or vehicle through our partner lenders. Spread the cost over 3–18 months at competitive rates.
Student loans
Education finance options for Nigerian students and parents, including NELFUND-linked products where available.
Mortgage & home loans
Compare NHF and commercial mortgage products from leading Nigerian mortgage banks to help you own your Lagos home.
What our borrowers say
I needed ₦300,000 urgently for my shop stock. NaijaLoan showed me five options in seconds and I got disbursed within the hour. This thing is a lifesaver!
I was paying 8% monthly interest with my old lender. NaijaLoan found me a bank loan at 2.5% monthly. I saved over ₦40,000 in interest charges.
The comparison table is so clear — interest rate, processing fee, total repayment all in one place. No more hidden charges surprises.
As a first-time borrower I was scared. The NaijaLoan team explained everything and I got approved by two lenders the same day.
Simple, transparent plans
Free
- Compare up to 10 lenders
- Personal loan matching
- Standard eligibility check
- Email support
- Business loan matching
- Priority lender access
- Dedicated loan advisor
Smart
- Compare all 30+ lenders
- Personal & business loan matching
- Advanced eligibility scoring
- Priority lender access
- WhatsApp support
- Loan repayment tracker
- Dedicated loan advisor
Business
- Everything in Smart
- SME & asset finance matching
- Dedicated loan advisor
- Multi-user team access
- Monthly credit health report
- Early access to new lender products
Comparing is always free. Premium plans unlock faster matching, dedicated support, and business-grade tools. Cancel anytime. Prices in Nigerian Naira.
Frequently asked questions
Is NaijaLoan a bank or a lender?
No. NaijaLoan is a loan comparison platform. We help you find and compare offers from licensed Nigerian banks and fintechs. We do not lend money ourselves. All credit decisions and disbursements are made by the lender you choose.
Does comparing loans affect my credit score?
No. Checking your eligibility on NaijaLoan uses a soft credit inquiry that does not affect your CRC or FirstCentral credit score. Only a full application submitted directly to a lender may trigger a hard inquiry.
How do you make money if it is free to use?
We earn a referral commission from lenders when you successfully apply through our platform. This fee is paid by the lender, not by you, and does not affect the rate or terms you are offered.
Which lenders are on NaijaLoan?
We list 30+ CBN-regulated institutions including commercial banks, microfinance banks, and CBN-licensed digital lenders. Examples include Access Bank, GTBank, Carbon, FairMoney, Renmoney, and Branch. Our lender list is updated monthly.
How fast can I get my loan after applying?
Disbursement speed depends on the lender. Many digital lenders on our platform disburse within 5–30 minutes for approved applicants. Traditional bank loans may take 1–3 business days. We display each lender's typical disbursement time on the comparison table.
Is my personal data safe with NaijaLoan?
Yes. We encrypt all data in transit and at rest, and we comply with Nigeria's NDPR (Nigeria Data Protection Regulation). We never sell your personal information to third parties. You can request deletion of your data at any time by emailing privacy@naijaloan.ng.