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Whether you need N50,000 tomorrow or an urgent N2,000, Irorun is one of the top loan apps in Nigeria, helping you borrow money online easily, and with low interest.

At Irorun, we understand your needs and, as you continue to repay your loans, we reward loyal customers with higher loan limits up to ₦50,000, low interest rates, and exciting perks like birthday gifts and bonuses for referring friends to borrow easily and meet their financial needs with us.

We reward our loyal customers with special perks, including interest-free loans for a limited time, so you can meet urgent needs without worrying about high interest rates.

With only a few clicks on your smartphone, you can
pay all of your bills and top up your airtime at the
lowest possible cost.

We will never misuse your data, resort to shady debt collectors, or harass your friends and family. If you are having issues with your repayment just reach out to us. We are always here to help.

Hey there Rockstar, how’s it been at your end? We understand that the price hike in virtually almost all goods and services has been a whirlwind. And as always, we’ll be offering some ways small loans can help you navigate this new terrain. Let’s take a look:

## Immediate financial support
Small loans are a true godsend, there is so much that they can do for you, especially in the country’s current economic decline. Though they may seem insignificant, which we’re sure a lot of people think, they serve as a source of quick funds that offer immediate relief when individuals or even businesses are in financial need.

They’re not only readily available and accessible, but they also have the ability to reduce negative impacts that may be caused by delayed action. Let’s be honest, having immediate access to funds makes all the difference when one needs a quick financial fix.

## Covering unforeseen expenses
In a country like Nigeria where we experience constant change and difficulties, small loans can be instrumental in covering unforeseen expenses. These expenses could include medical bills, home repairs, vehicle maintenance, *coughs* the recent alleged 40% increase in electricity tariff  or other financial needs that require immediate attention.

As most financial emergencies do, they often come without warning, and one may not have enough savings or income to handle such expenses. This is where small loans come in, they provide a lifeline by offering the necessary funds to fix these unforeseen expenses ASAP. Best of all — They’re easy and quick to pay off!

## Mitigating the impact of job loss
Losing one’s job can have a terrible impact on their finances. At that point, everywhere you look seems to attract a repair or a fix or a replacement. There’s always something wrong that requires a financial solution. Whether it’s rent, electricity bill, groceries, transportation, they all seem to pop up just as you’re facing the strain of searching for a new job. Downsizing is a b*tch we totally agree!

Again, small loans to the rescue! With a small loan, one can keep themselves and their families afloat during the job loss period. Thereby reducing the impact it would have on their lives and creating a smoother transition to new employment.

## Avoiding expensive debt traps
During financial crises, some persons may be tempted to resort to high-interest loans, because they seem like a better option. After all you can never go wrong with more cash. Unfortunately, these lead to expensive debt traps and long-term financial struggles.

Small loans are a safer and more affordable option, and as a bonus, they don’t keep you in the debt cycle because while small loans have their interest rate, it is much more reasonable compared to other lending options available to individuals in urgent situations.

## Flexibility and accessibility
Small loans as we have consistently preached about are most often very flexible and accessible allowing borrowers to change the loan terms according to their specific needs and circumstances. This flexibility can help lift some of the financial stress associated with emergencies and make the repayment process more manageable.

With small loans, borrowers can choose the loan amount that fits their emergency, and then borrow only what they require. This prevents them from having the additional burden of excessive debt. It also reduces the likelihood of falling into a constant cycle of borrowing.

Send us a message at support@irorun.com and let’s help you fix that unexpected expense with your first small loan!

How small loans address financial emergencies in present-day Nigeria

Some months back, we broke down in bits all the nitty gritty details of the newly signed student loan act. We helped you fully understand just what the government had put into law and what it meant for Nigerian students. Today, we bring you an update as to when the official commencement of this act will take place.

## Here’s a brief recap on the student loan act 
President Bola Ahmed Tinubu signed the Access to Higher Education Act 2023 into law on Monday, June 12, which was a significant decision. He fulfilled his promise by starting a test student loan program. The program aims to help more people access education, regardless of their background.

The “Student Loan Act” aims to provide Nigerian students in college with interest-free loans. Additionally, the Act establishes an Education Loan Fund, designed to assist Nigerians in funding their higher education interests.

On June 14, 2023, the government promised to prepare for the student loan program to start between September and October 2023. Since the announcement, there has been no updates or progress on the scheme.

Of course, we know the government has been working tirelessly to see this bill come into play. Good things take time after all. 

Many people may have expected the delay in commencement, but the recent tuition hikes at many higher institutions were unexpected. Students and parents from the affected higher institutions have expressed worry and anxiety as the combination of increased tuition costs and the postponed introduction of the loan program has created financial instability amongst many. Coupled with the many other hikes in various spheres of the Nation.

## Here comes the good news  
Many Nigerians are skeptical about the bill’s implementation, given the government’s history of poor follow-through. This skepticism is understandable. President Tinubu announced that the government will start giving student loans to Nigerians in January 2024.

At a summit in Abuja, the President announced plans to expand the student loan program to help Nigerians, easing their difficulties and reaffirming his commitment to this goal.

David Adejo, the Permanent Secretary of the Federal Ministry of Education, confirmed that the Nigerian government will begin offering student loans in the 2023/2024 school year. This announcement was made during a meeting with the House of Representatives Committee on Student Loans.

However, he dismissed rumors that federal universities have increased fees following the enactment of the Students Loan Act. We beg to differ. 

As we await more action and less talking from the Government, we keep our fingers crossed and hope the implementation is more effective than we expect.

Now, fellow Nigerians, the ball is in your court. Share your thoughts on the latest update, we’d love to know what you think about the student loan act. Do we just stick to fast loan apps for educational loans or consider the Government’s new initiative. Send us a message now at support@irorun.com.

What’s next for the newly adopted student loan act?

It’s funny how life can change in the blink of an eye. One minute, everything’s fine, and the next, you’re scrambling to cover an unexpected expense. On a regular Thursday afternoon Ade received a call that his younger brother had been involved in a minor accident. Thankfully, nothing too serious. But, as you’d expect, the hospital needed payment for scans and medications. He had just sent money home for some family needs the day before, and payday was still five days away, and he couldn’t afford to wait. 

Stories like Ade’s are all too common. In moments like these, knowing where to get an urgent 10,000 naira for just seven days can make all the difference. Whether it’s a a medical emergency, or a sudden transportation cost, having immediate access to a small loan can save the day.

## How 10,000 naira can save the day
10,000 naira might seem like a small amount in the grand scheme of things, but in urgent situations, it can mean the difference between panic and peace. We often overlook how much a little extra cash can help when life throws unexpected challenges our way. 
Here are a few ways that 10,000 naira can help solve problems before they grow into bigger issues:
- Medical needs
You never know when you might need urgent funds for medical reasons. Maybe it’s not a life-threatening emergency, but hospitals don’t care about that when they ask for a deposit or payment. 10,000 naira can help you buy medications, cover consultation fees, or pay for basic medical tests when the unexpected happens.
- Home repairs
Imagine this: you walk into your kitchen, and the tap has suddenly decided to flood the entire floor. Or your gas cylinder runs out in the middle of preparing dinner, and there’s no backup. These situations are common in Nigerian homes, and while they’re not life-or-death emergencies, they demand quick solutions. A small loan of 10,000 naira can give you the funds to fix these minor but annoying inconveniences.
- Travel and transport
Sometimes, you have an unexpected trip you can’t avoid. Maybe it’s to visit a relative who suddenly fell ill, or perhaps your car breaks down, and you need to get it fixed. Either way, transportation costs pile up, and you can’t afford to be stranded. 10,000 naira can cover the cost of a repair or buy enough fuel to get you where you need to be.
- School-related expenses
If you have children in school, you know how random expenses can pop up — whether it’s money for textbooks, uniforms, or a field trip. It might not seem like a big deal, but if your child’s education is at risk, even 10,000 naira can make a huge difference in keeping things running smoothly.

These scenarios are everyday occurrences, but they can create unnecessary stress if you don’t have enough money on hand. A 10,000 naira loan, even for just a week, can be the buffer you need to handle these surprises smoothly.

## Where to get an urgent 10,000 naira loan
If you ever find yourself needing an urgent loan, [Irorun is a great option to consider](https://irorun.com/). Irorun, meaning "peace of mind" in Yoruba, offers loans ranging from 1,000 to 50,000 naira with a simple, user-friendly process designed for emergencies.
Whether you’re employed, self-employed, or in-between jobs, Irorun makes borrowing money easy and accessible. All you need is your [BVN](https://irorun.com/blog/why-do-lenders-need-bvn-is-it-necessary-to-get-a-loan), [a valid ID](https://irorun.com/blog/what-you-should-know-about-uploading-id-on-irorun), and some basic details to apply. The best part? The approval process is incredibly fast, and once your application is approved, the money is sent to your account in minutes. With an interest rate of 10% to 15%, Irorun offers flexible repayment terms, allowing you to borrow for 7 days or even up to 30 days, depending on your needs.

## Why choose Irorun?
There are plenty of loan platforms available today, but Irorun stands out for several reasons:
- No collateral or paperwork: Forget about running around trying to gather paperwork or find collateral. With Irorun, the process is straightforward. No lengthy forms or credit checks are required.
- Fast approvals: When you’re dealing with an emergency, time is everything. Irorun’s quick approval process means you won’t have to wait for days to get your money.
- Transparent fees: You’ll know exactly what you’re paying for with Irorun’s flat 15% interest rate and a small processing fee, so there are no hidden surprises.
- Convenient access: Whether you’re using their mobile app or the website, Irorun’s platform is available 24/7, making it easy to apply for a loan anytime, anywhere.
- Flexible repayment: With up to 30 days to repay the loan, you can choose a repayment plan that works for your schedule without feeling pressured to pay back the money too quickly.
- No harassment: While it’s common for [loan sharks](https://irorun.com/blog/how-to-deal-with-loan-sharks) masquerading as lenders to use extreme and unethical measures to recover loan, Irorun does not harass its customers whether they’ve defaulted or not.

## When you need 10,000 naira, Irorun is here
Life is unpredictable, but you don’t have to feel stuck when you run into a sudden financial bump in the road. Whether it’s covering an urgent medical need, home repairs, or school-related expenses, having [access to a quick 10,000 naira loan from Irorun](https://lendsqr.com/lenders/irorun) can be the difference between chaos and calm.
The next time you find yourself in a tight spot, remember that [Irorun](https://irorun.com/) is just a few clicks away, ready to offer the financial support you need to get through the week. When unexpected expenses arise, Irorun provides a reliable, simple solution that puts peace of mind within reach. [Apply for 10,000 for 7 days now](https://irorun.com/loans/10000-naira-7-days).


Where to get urgent 10,000 naira for 7 days

New year, New me…does that sound familiar?

If you have made new year resolutions as regards your finances, you’d be glad you read this article

We’ve carefully selected 7 reliable tips for sticking to your new year’s financial resolutions.

Take a look at them

## Start small
A lot of people tend to make new year financial resolutions but never stick to them. It’s either they can’t be bothered or it has become too much hassle to keep up with. We understand.

The mistake some people make is that they tend to make big plans, and these plans later end up looking unachievable in their eyes. The best start to a good financial year is to make small achievable goals for yourself, to build momentum and confidence in your ability to stick to your financial resolution.

## Make realistic plans
Having your financial resolution is all good but you need a solid plan to make sure that it works. Remember, results come from how effective the plan is.

Here’s how you can yield better financial results this new year; Write down your financial goals and create plans for how you’ll achieve them. You can create a short checklist under each goal, describing the weekly or monthly action you’ll take towards achieving your goals. Ensure these actions you’ve set to carry out are realistic, that is, they fit within your current cash inflow with considerations to your important needs. Once you have this down, try to stick to your plan as closely as possible.

## Set a workable budget
Keep a lookout on your cash inflow and outflow every month, and put a great amount of effort into creating a budget system that outlines your expenses and savings goal.

If you have a high-interest debt consider paying it up as a top priority to help you save money on interest and free up more money for other financial goals. Your first budget might not be it, but that’s okay, watch for patterns that work and those that don’t and make all the necessary adjustments. Rome wasn’t built in a day.

You may even consider setting up an automatic transfer to your savings account to make it easier to save money, this will help you stay on track with your financial resolution. Find the best option that works for you and suits your needs.

## Track your progress
Keep track of your progress toward your financial resolution, this may seem like it doesn’t need to be mentioned but it’s important.

You can make use of a budgeting app or even a journal to help you keep track. Set a time each day where you sit and record your expenses of the day and see if they line up with what you’ve made in your plan.

Make any adjustments as needed to help you stay on track.

## Find an accountability partner
An accountability partner will be a great help to you on your financial resolution journey. This is someone who will help keep you on track and remind you to focus when you begin to stray.

It could be a friend or family member, someone you trust. Share your financial resolution with them and let them hold you accountable to help you stay on track. No man is an Island.

## Seek out resources and financial advice
If you keep having trouble with the plan you’ve made or are unsure of how to go about making a plan, you should consider speaking with a financial advisor or professional to help you develop a plan for reaching your financial goal.

You can also utilize resources such as budgeting apps, online courses, and microloans that help build your credit history. All these can help you get a hang of managing your finances as well as keep you on track.

## Be patient and stay flexible
Sticking to your financial resolution takes time and discipline, and sometimes life happens, so it’s important to be patient and keep your financial resolution flexible.

If something happens that causes you to deviate from your plan or you don’t see immediate results, don’t get discouraged, adjust your plan and get back on track.

Don’t forget to celebrate your progress along the way, this can go a long way in keeping you motivated.

…

Now that you’re ready to make smart money choices and smash those money goals this year! Send us a message at support@irorun.com and let’s help you fund that goal!

7 reliable tips for sticking to your new year’s financial resolutions

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Irorun Blog

How small loans address financial emergencies in present-day Nigeria

What’s next for the newly adopted student loan act?

Where to get urgent 10,000 naira for 7 days

7 reliable tips for sticking to your new year’s financial resolutions

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