Where to get urgent 20,000 naira without collateral

Tola’s heart sank as she opened her phone and saw a message from her landlord. The rent was due in just two days, and she still needed 20,000 Naira. As a fashion designer struggling to get her business off the ground, she had already stretched her budget thin this month, pouring every last naira into fabric and supplies for an upcoming market.

The thought of losing her home loomed large, threatening to snuff out her dreams. With no collateral to secure a loan and no family she could turn to, she felt trapped. But then a friend mentioned Irorun, a platform offering quick loans without the usual fuss.

With a mix of hope and skepticism, Tola decided to give it a shot. It was a gamble, but sometimes, you have to take a leap when the stakes are high. If you’re in a similar bind, needing urgent cash without collateral, Irorun might just be the help you’re looking for.

The need for accessible, short-term loans is higher than ever in Nigeria. Here’s why:

• Rising living costs: With food prices up by nearly 38% in the past month, covering even basic expenses can be challenging for many Nigerians​.
• Limited financial inclusion: Only about 45% of Nigerian adults have access to traditional banking services, making digital lending an essential option for people who don’t qualify for standard loans.
• Emergency preparedness: Over 80% of Nigerians pay for healthcare out of pocket, meaning that unexpected medical expenses often require immediate cash, which can be hard to come by without flexible lending options around. With Irorun’s fast and secure process, more people have access to these essential loans when they need them most.

Here’s how Irorun makes it simple to get 20,000 naira in minutes: Step 1: Download and register on the Irorun app: Download Irorun’s app from the Google Play Store. You’ll start by registering and setting up a basic profile. Step 2: Fill in your details: The application is straightforward. Enter your BVN, a valid ID, and a few personal details. There’s no paperwork or need to pledge any assets as collateral, making it accessible to more people. Step 3: Choose your loan amount and review terms: For this scenario, select 20,000 naira as your loan amount. Irorun charges a flat 10% interest, so you’ll know right away that your repayment will be 22,000 naira after 7 to 30 days, depending on your repayment choice. Step 4: Approval and disbursement in minutes: Once you submit, Irorun processes applications almost instantly. Approved funds are sent directly to your bank account, typically within minutes, which is ideal for real-time needs.

If you're looking to apply for a N20,000 loan from Irorun, you'll need to meet the following essential criteria:

• Valid identification: You must present a government-issued ID, such as a National ID, driver's license, or voter’s card, to verify your identity.
• Bank statement: A recent bank statement is required to showcase your income and ability to repay the loan, helping Irorun confirm that you have a steady salary.
• Employment verification: Since Irorun caters specifically to salary earners, you'll need to submit proof of employment, such as an offer letter or a document verifying your current job status.
• BVN (Bank Verification Number): Your BVN is needed for identity verification and to ensure the security of your loan application.
• Video attestation: You'll need to record a brief video confirming your identity and that you are applying for the loan yourself, adding an additional layer of security.

Help is just a few clicks away. Whether it’s for 20,000 naira or more, Irorun is here to support you with hassle-free access to quick loans, keeping you focused on what really matters.