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We work with you, for you, and never against you

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.

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](https://irorun.com/) might just be the help you’re looking for.

## Why small, no-collateral loans like Irorun’s are in high demand
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.

## Irorun’s 4-step process
Here’s how Irorun makes it simple to get 20,000 naira in minutes:
Step 1: [Download and register on the Irorun app](https://play.google.com/store/apps/details?id=com.irorun&hl=en&gl=BM): 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](https://irorun.com/blog/a-simple-guide-to-the-irorun-loan-application-process): 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](https://irorun.com/blog/what-is-found-in-a-typical-loan-terms-and-conditions): 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](https://irorun.com/blog/do-you-want-your-loan-approved-try-these-5-hacks): 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.

## Criteria for obtaining a 20,000 naira loan with Irorun
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.

## Apply for a loan now
Help is just a few clicks away. Whether it’s for 20,000 naira or more, [Irorun is here to support you](https://lendsqr.com/lenders/irorun) with hassle-free access to quick loans, keeping you focused on what really matters.







Where to get urgent 20,000 naira without collateral


Sometimes all you really need is a small and quick fix to sort out that financial crisis…

And that’s where a MICROLOAN comes into play.

There are a lot of benefits associated with taking out a microloan and today we’ll be exploring 5 of these benefits:

## Easy application
If you think about it, you are more likely to give a friend 5k if they ask for it rather than give them 500k. True or true?

It’s the same with lenders; they’ll be more likely to approve a small loan than a larger one especially when it’s your first or second time borrowing from them. Small loans tend to be less of a hassle considering plenty of documentation and interviews are not required unlike with a larger loan. Larger loans require a lot of documentation, interviews and a higher level of loan worthiness and therefore are harder to apply for.

## Credit history/score building
One key benefit of a microloan is the ease of being able to pay back with little to no inconvenience.

Now picture this scenario; You take out a microloan that you are dead sure you will be able to pay back and keep this cycle for, say about 7 months. Your credit history is going to be very long and ATTRACTIVE to lenders, won’t it?

Why?

Because you have a LONG history of paying back your loan on time.

This is a great strategy for building your credit score and giving you a packed credit history (Remember, with a clean and extensive credit history you become eligible for LARGER loans). [Here are some other ways to boost your credit score](https://medium.com/@Theirorunapp/how-to-boost-your-credit-score-e723bd2ce497).

## No collateral required
A commonly spread myth about loans is the assumption tHat eVerY lOan rEquiRes cOllaTerAl. This isn’t true, some loans, especially micro-loans require no collateral.

No one is going to take away your car if you take out a 20k loan. Collateral is mostly required for large loans and has to be of equal or greater value than the loan amount. Microloans can easily be paid back, so collateral tends to not be a requirement. This means that you can easily get that loan to build up your credit score without the feeling of impending doom hovering above you.

## Predictable repayment schedule
Microloans, because of their size, tend to have a standard repayment method. This is because most microloans are installments and have a fixed schedule attached to them. Repayment dates are usually seven days after taking the loan.

If you time it right, you will always be able to repay your loan on time, this means that you can predict the repayment date, take out loans accordingly and have control of your finances. Win-win.

## Fixed interest rate
Microloans tend to have a fixed interest rate, there will be no changes to the interest rate even in the case of inflation, so when you take out the loan you can calculate how much your interest will be before the due date. This combined with a predictable repayment schedule can make your loan journey very enjoyable. No surprises there abi?

With much larger loans, the interest rate is dependent on the type and terms of the loan, a fixed-interest loan will keep the interest predictable but a variable loan would be unpredictable as it could rise/fall with inflation/deflation.

…

Remember that [Irorun](https://irorun.com/) offers microloans as small as N5,000 and as large as N50,000.

Send us a message to get started at support@irorun.com!

5 Benefits of a microloan AKA small loan


First times can be scary and uncertain…

Irorun disagrees that your first loan should be any of that.

So we’ve curated 5 essential facts Irorun first-time users should know:

## Loan range
“To each their own”

The above is true for loan apps as well. Every loan app caters to a unique problem. For example, Irorun as a microloan app offers small loans that act as a quick fix for emergencies.

Irorun’s loan amount falls at a minimum of ₦5,000 and a maximum of ₦50,000. This is also a perfect opportunity for one to build their credit score.

Recall, that for you to qualify for a large loan, a good credit score is needed. And that’s where Irorun comes in. With our easy-to-access small loans — you can build a credible credit score and profile.

## Loan approval requires a valid government-issued ID card
To get your loan approved on Irorun, you need a current and valid government-issued ID card. This serves as a means to verify your identity. Therefore, expired ID cards or means of Identification different from those specified by Irorun will not be accepted.

You should also know that you’re only asked to provide a valid ID card once and then your Irorun account is created to serve you for life. This is why we advise you not to delete your account after one loan transaction.

## Loan eligibility
As a new Irorun user, you are only eligible for a loan amount of ₦5000 for the first time.

Not to worry, Irorun has put in place a system that helps to build mutual trust between lender and borrower. This system gives you a chance to work your way up on the Irorun trust bar while also giving you what you need.

The more you borrow and complete payments at the due date, the higher your chances of being eligible for higher loan amounts. We’re cool right?

This system enables us to build a trustworthy relationship with you while also building your credit profile and score.

## Phone call verification
We know you may not be thrilled by this but Irorun needs to speak with you, as a part of our verification process, before your first loan may be approved.

When you apply for a loan with Irorun, you will be sent a verification email with a number you’re required to call. Ignoring this final stage can cost you your loan approval.

The phone call verification is an important process that Irorun has put in place for your protection. For cases, where a scammer steals an individual’s data and identity to process a loan, phone call verification helps expose such treachery.

Once you’ve completed your phone call verification, a final approval or rejection email will be sent to you.

## Data privacy
This is a major part of Irorun’s ethics that we strive to uphold as giving out the data of clients without express permission is a detestable act punishable by law and Irorun would never do such.

As Irorun’s loyal clients, one of our goals is to protect your information from those who wish to do you harm and as such Irorun would never undermine you by abusing your private information.

…

For further assistance and questions regarding your first loan application, send us a message at support@irorun.com!

5 facts Irorun first-time users should know

Sometimes life hands you a bill, and payday isn’t anywhere in sight. Maybe your car decides to break down right before an important trip, or a family member needs some immediate assistance. Whatever the reason, a quick 50,000 naira loan for a short period. The key is knowing where to find a reliable lender without the stress of lengthy paperwork.

Here’s everything you need to know about getting that 50,000 naira in a pinch and how to make the most of it without disrupting your budget.

## How to get a 50,000 naira loan from Irorun
When it comes to reliable lending options, Irorun is designed for flexibility and convenience. With a seamless online platform, Irorun offers fast, easy access to loans without the complexities associated with traditional banks. Here’s how Irorun makes the process simple and accessible:

- Application process: Irorun’s application can be completed in just a few minutes. You need only 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 personal information. Simply log in via the [mobile app](https://play.google.com/store/apps/details?id=com.irorun&hl=en&gl=BM) or [website](https://irorun.com/), select your loan amount (up to 50,000 naira), and fill out the required fields.
- Quick review and approval: Irorun’s approval process is fast, often within minutes of application submission. Once approved, the funds are sent to your account almost immediately.
- Transparent fees: Irorun offers a straightforward, a 10  - 15% interest rate . There are no hidden fees, so you know upfront what the repayment amount will be, which makes planning easier.
- Flexible repayment: With a 30-day repayment period, you can plan to repay on your next payday or schedule accordingly, making it easy to manage your cash flow without pressure.

## What makes Irorun stand out?
Many platforms offer small loans, but Irorun’s approach is designed for today’s busy and unpredictable lifestyle. Here’s what makes Irorun a trusted option:
- Fast funding: Irorun prides itself on quick processing. From application to disbursement, the entire process can be completed in minutes, which is perfect for emergencies.
- No collateral needed: With Irorun, there’s no need for collateral or guarantors. This no-hassle approach ensures that borrowers can access funds without stress.
- Easy access, anytime: Irorun’s platform operates 24/7, meaning you can apply for a loan whenever you need it, whether it’s day or night.
- Budget-friendly terms: With the option to choose a loan amount that fits your situation, Irorun helps you manage repayment without straining your budget.

## Tips for managing your 50,000 naira loan
While a short-term loan is helpful, managing it wisely is key to making sure it works for you. Here are a few strategies:
- Budget your repayment: Set aside part of your next paycheck or income to cover the loan’s repayment. Planning ahead can prevent last-minute struggles.
- Use the loan for necessities: Focus on essential expenses like medical bills, repairs, or business needs. This way, the loan works as a bridge to help you through a temporary challenge without accumulating unnecessary costs.
- Stay in contact with Irorun: If your financial situation changes, reach out to Irorun. [They have a helpful customer service team](support@irorun.com) ready to discuss repayment options if needed.

## Get a 50,000 naira loan in minutes with Irorun
Life doesn’t always give us time to prepare for financial surprises. A 50,000 naira loan from Irorun offers immediate relief with minimal fuss. No collateral, fast approval, and transparent costs mean you can handle urgent expenses with ease.
Whether it’s a health bill, an important payment, or just getting through a tough month, Irorun’s 30-day loan can provide the support you need without adding unnecessary stress. So, next time you’re in a pinch, remember that with Irorun, a quick solution is just a few taps away. [Apply for a 50,000 naira loan for 30 days now](https://lendsqr.com/lenders/irorun).



Where to get 50,000 naira loan for 30 days

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Where to get urgent 20,000 naira without collateral

5 Benefits of a microloan AKA small loan

5 facts Irorun first-time users should know

Where to get 50,000 naira loan for 30 days

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