“I need a loan, is a common request Nigerians have. Now, you can apply for loan – from online loans to bank loans to a loan without collateral in Nigeria. You can also get personal loans in Nigeria from some lenders on the platform. Other lenders offer secured and unsecured loans in Nigeria. From unsecured business loans in Lagos to instant mobile loans in Abuja, Open Loans Nigeria connects borrowers and lenders from Lagos to Abuja to Kano, etc. The idea is to create a very efficient loans marketplace in Nigeria, especially for lenders who wish to process online loan applications and offer easy loans online.
Open Loans Nigeria also provides Nigerians with investment opportunities. A private person in Nigeria with excess cash can use the app as a way to invest. He can lend the money to another Nigerian he finds on Open Loans Nigeria and earn an interest. He can secure himself by taking possession of security such as a car or a title deed.
Borrowers in Nigeria can borrow from private persons as well as banks and other financial institutions in Nigeria that they find (or find them on Open Loans Nigeria).”