Emergency loans from top lenders

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Best Emergency loans in 2024



  • Loan amount: ₦5,000 - ₦6,000,000
  • Loan term: 3 - 24 months
  • Monthly Interest rate: 2.5% - 7.5%
  • Origination Fee: n/a
  • Monthly Fee: n/a


  • Loan amount: ₦3,000 - ₦500,000
  • Loan term: 1 - 12 weeks
  • Monthly Interest rate: 1.5% - 15%
  • Origination Fee: n/a
  • Monthly Fee: n/a


  • Loan amount: ₦1,500 - ₦3,000,000
  • Loan term: 2 - 18 months
  • Monthly Interest rate: 2.5% - 30%
  • Origination Fee: 3 - 15%
  • Monthly Fee: Based on loan term
Quick Credit

Quick Credit

  • Loan amount: ₦5000 - ₦5,000,000
  • Loan term: 1 month  - 12 months
  • Monthly Interest rate: 2%
  • Origination Fee: 1% Insurance Fee
  • Monthly Fee: n/a


  • Loan amount: ₦200,000 - ₦2,000,000
  • Loan term: 3 months  - 12 months
  • Monthly Interest rate: 5%
  • Origination Fee: n/a
  • Monthly Fee: n/a


  • Loan amount: ₦500 - ₦5000,000
  • Loan term: n/a
  • Monthly Interest rate: Starts at 5%
  • Origination Fee: n/a
  • Monthly Fee: n/a

Unexpected bills can catch any of us by surprise and sometimes there is nothing left in the bank account to settle the bill. Most of the time the payment can be negotiated, but sometimes it is an emergency and you need access to cash fast.

Although cash is required right away, it doesn’t mean you have to take the first offer you get. We understand that time is of the essence and that is why Credit Nigeria was created. With Credit Nigeria, you can compare emergency loan offers from multiple lenders without having to visit the lender’s facilities. This saves you precious time. Especially in a place like Nigeria where traffic can sometimes be an issue.

Try Credit Nigeria already. Our service is free and asking for offers is non-binding.

Credit Nigeria's Loan Service is
Quick. Easy. Safe


Complete a simple online form to see pre-approved offers

Choose Offer

Evaluate terms and payment choices and pick the best offer

Complete Application

Complete your application process with the chosen lender

Get Cash

Get the money after successful application completion.

What is an Emergency loan?

An emergency loan is a short-term financial solution designed to assist individuals in urgent financial situations. In Nigeria, these loans are often sought for unplanned and unexpected expenses such as medical emergencies, urgent car or house repairs, family bereavements, or other sudden financial needs. Unlike traditional loans, emergency loans are characterized by their quick approval and disbursement processes, often not requiring collateral.

Reasons to get an Emergency loan

The most common reasons to get an emergency loan are:

  1. Medical Emergencies: To cover unexpected medical bills or treatments not covered by insurance.
  2. Urgent Repairs: Address sudden breakdowns or damages, such as car repairs or home damages due to natural calamities.
  3. Family Emergencies: Support family in times of crisis, like accidents or bereavements.
  4. Utility Bills: Cover essential utility bills to avoid disconnection.
  5. Business Shortfalls: Address short-term cash flow issues in a business or entrepreneurial venture.

Benefits of anEmergency loan

  • Quick Access to Funds: Borrowers can receive funds within 24 hours of application.
  • No Collateral: Most emergency loans in Nigeria do not require any form of collateral.
  • Flexible Repayment: Lenders can provide flexible repayment terms, considering the urgent nature of the loan.
  • Digital Process: Many lenders offer a fully online application process, making it convenient for borrowers.

Emergency loan Calculator

Pros & Cons of an Emergency loan


  • Speed: Emergency loans are processed quickly to address urgent financial needs.
  • No Collateral: Borrowers don’t need to secure the loan with assets.
  • Online Platforms: Digital platforms like Credit Nigeria make it easy to find and apply for emergency loans.


  • Higher Interest Rates: Due to the short-term nature and risk involved, interest rates can be higher than traditional loans.
  • Short Repayment Period: Borrowers often have a shorter time frame to repay the loan.
  • Eligibility Criteria: Depending on the loan amount, some lenders require guarantors or proof of current employment.

Where to get an Emergency loan

Emergency loans can be sourced from microfinance banks, online lending platforms, and some traditional banks. Platforms such as Credit Nigeria also allow users to find and compare various emergency loan offers, ensuring you find the best fit for your needs.

How to get an Emergency loan

  1. Research: Use platforms like Credit Nigeria to compare different emergency loan offers.
  2. Apply Online: Opt for lenders with an online application process for quicker results. Fill out the necessary details and submit any required documents.
  3. Wait for Approval: The approval process for emergency loans is typically faster. Some platforms can approve and disburse within hours.
  4. Receive Funds: Once approved, the loan amount will be disbursed to your bank account. Ensure you understand the repayment terms and schedule.

How Credit Nigeria Works

Credit Nigeria is a modern online loan comparison platform that provides a safe and easy way to find loan offers you are eligible for, compare loan offers and select the loan offer to your liking.

After completing the loan comparison form, you will get a list of loan offers you are eligible for within seconds. 

It’s that fast, simple and all online.

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