We looked at the top lending platforms in Nigeria with their interest rates and this is how they compare.

Lending platforms in Nigeria (Stanbic IBTC)

Business Insider SSA looks at the top lending platforms and their interest rates in Nigeria and here’s what we found out.

Financial technology companies are disrupting the lending industry and some of them offer quick, easy and cheap loans with no collateral.

Unlike the traditional banks that offer loans with high interest rates, journey-of-no-return paperwork or requirements as well as provision of guarantors among others, these fintech companies, otherwise known as lending platforms provide loans in simple and effective ways.

Notably of mention is Kwik Cash that offers loan on USSD platform in partnership with banks, technology companies. Kwik Cash is one of the most effective and convenient ways of getting quick and instant loans in Nigeria. Others also offer instant loan via mobile apps and websites.

By Aderemi Ojekunle.

Full story at Pulse NG.