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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.


Do you have a [good credit score?](https://www.cnbc.com/select/what-is-a-good-credit-score/)

Or you don’t want to talk about it…

A credit score is a three-digit number, typically issued by a credit bureau, that helps lenders to determine your creditworthiness. Credit scores are generated to reflect the credit risk associated with borrowers; basically, the probability that you will repay the loan.

The higher your credit score, the better. A good credit score helps you get lower interest rates, puts you on the best loan terms with lenders, increases your chances of securing a larger loan and overall increases your creditworthiness.

And that’s why Irorun is bringing you easy and fast ways to boost yours today!

## Start with small loans
Now you have to know that a credit score does not just show up out of nowhere. To get one (or to begin the process of building one) you have to take out loans.

“But I thought I can not get loans if I do not have a credit score?”

No, no, You can not get LARGE LOANS if you do not have a good credit score or no credit score at all. That is why you have to start with small loans, little amounts that should give you no trouble while paying back. (Remember, the goal here is to boost your credit score).

Furthermore, you can sign up with AUTHORIZED and ETHICAL lenders like Irorun that you can apply for small loans from, without hassle, repay in no time at all and this helps to boost your credit score. (What are you waiting for?).

## Make repayments on time
As much as taking out loans helps to boost your credit score, it doesn’t mean much if you refuse to make repayments on time, your credit score is bound to go lower if you keep on making late repayments and this is one way you can boost your credit score faster.

Your credit score helps to determine your creditworthiness, so doing right by your loan and making your repayment on time will give you a reputation as a very good borrower as well as boost your credit score. It’s for this reason, that if you are unable to make your repayments on time, inform your lender before the due date so that renegotiation can be made (Amaka don’t run away with our money).

## Avoid round-tripping or sweeping
Your money story nor clear finish –Your lender.

Round tripping or sweeping is that fishy process where one immediately withdraws or transfers money that comes into one’s account the moment it arrives usually to places where their spend pattern cannot be analyzed (Egbon it’s giving yahoo-yahoo).

Your lender likes being able to see through your bank statement to get a read on what your spend and gain pattern looks like(A.K.A wetin dey chop your money and wetin dey give you money).

So a bank statement that simply contains credit and then an immediate debit does not look good. It seems sketchy, doesn’t it?

This can cause you problems with your bank and affect your credit score because that account’s bank statement cannot be used to properly assess your eligibility for a loan.

## Avoid negative account balance
There are times when your account balance reads its lowest or does not have enough for what you need so you decide to take an overdraft (this in and of itself holds no issue), a problem pops up when you are unable or refuse to pay that overdraft and your account ends up reading in the negative.

Remember that an overdraft is still a type of loan that banks give and that a refusal or inability to pay lowers your credit score.

In the same sense, banks also have a habit of taking their charges from your account even though it reads almost empty, this puts it in the negative and thus affects your credit score.

## Check for error and report any mistakes on your credit report
A credit report is a record of a borrower’s credit history from different sources e.g banks, credit card companies, government agencies etc…

You must be wondering how you can get yours?. The good news is that you’re eligible to get one free credit report per year, and you can get yours when you apply with [First Central](https://firstcentralcreditbureau.com/), [CRC](https://www.crccreditbureau.com/product/crc-self-enquiry?coupon=FREEREPORT&ref=_home) or [CreditRegistry](https://creditconnection.creditregistry.ng/).

An instance where you identify an error on your credit report, you must immediately contact the credit bureau with your details;

1. Your full name
2. Phone contact
3. BVN
4. Gender
5. Evidence of payment
6. Letter of non-indebtedness

As long as you’re able to prove that you’re not indebted to any lender, you can [repair you history with the credit bureaus](https://medium.com/@Theirorunapp/how-to-repair-your-history-with-the-credit-bureaus-c5ffd45a52f2).

As a rule of thumb; Request for your credit report at least once a year, check for errors and report accordingly so that the proper corrections can be made to prevent future grievances with your lender.

…

Now, you know how to boost your credit score. Don’t you think it’s time to start with the first step?

Reach out to us at support@irorun.com to get started on your first small loan that’ll take you to LARGER LOANS!

How to boost your credit score

Do you still frown your face and feel uneasy when you hear the word “loan?”

Do you still have some unresolved fear or doubt about anything loan-related? 

Then you’re in the right place — this article shows you 7 reasons why taking out a loan is no longer considered scary.

Check them out

## Increased accessibility
One of the major reasons why individuals used to be apprehensive about taking out loans, was mostly due to the inaccessibility of loan agencies and credible lenders. Fortunately, with the steady rise of online lending platforms, it has become easier for individuals to access loans even from the comfort of their homes with minimal documentation, favorable fees and hassle-free. This has greatly improved the face value of how most individuals view loans these days.

## Improved lending standards
Lenders have become more stringent in their lending standards, ensuring the utmost principles and values are upheld. They’ve also made it tougher for malicious individuals to run away from their loan obligations. These standards have also made it difficult for fraudsters and identity thieves to carry out criminal plots, and have made it nearly impossible for individuals to take out loans if they don’t have the means to do so. All of these improved standards have helped in assuring individuals that it’s okay to apply for a loan now. It’s not so scary anymore.

## Better loan products
There are now loan products that cater to the specific needs of individuals. Previously, there were recurrent issues with loans because of the rigidity, as loan terms could hardly be renegotiated and this caused a lot of borrowers to fall into default.

Now, loans can be adjusted to meet the needs of the borrower with terms that are acceptable to both parties. Do you see why it’s not so scary again?

## Greater transparency
Some lenders, without the enforced laws, previously relayed their terms and conditions with lending jargon. Some lenders were also guilty of hiding or stylishly omitting certain key information that could affect a borrower’s loan, causing the individual to get stuck in bad debt.

Fortunately, the laws and policies enacted have made it compulsory for lenders to disclose all terms and conditions clearly and concisely, making it easier for borrowers to understand the full cost of borrowing.

## More flexibility
Loans are no longer scary and it’s also thanks to the flexibility of some loan products, there is now an increased repayment period flexibility, which allows borrowers to choose a repayment period that suits their budget.

In this way, borrowers can take out loans and pay them back without putting a huge dent in their finances.

## Improved customer service
It used to be difficult for borrowers to make enquiries about loans or get in touch with the lender when they had a problem that may affect loan repayment.

Lenders have now improved their customer service to help borrowers throughout the loan process and to answer any questions they may have. Send our customer support team a message at support@irorun.com and let’s get you started on a loan product that fits you.

## Better loan management tools
It’s not easy to manage a loan and that’s why many lenders now offer loan management tools online that help relieve that burden.

Tools like automatic payments and portals for tracking payments and balances have been made to help ease loan repayment and keep track of current or previous debts. All of these tools help borrowers stay out of bad financial situations and protect their credit history.

…

Now that we’ve been able to convince you that the lending world is not so scary anymore — Reach out to us at support@irorun.com, and let’s put you on a loan that fits your current financial situation.

7 reasons why taking out a loan is no longer considered scary

Data being misused, misconstrued or mishandled often causes a jump scare and a few nightmares to anyone on the receiving end. As a result, most people often find themselves struggling with concerns regarding the accuracy and security of their data.

For example, many returning borrowers fear that there may be inaccuracies in their credit reports or that lenders may have reported inaccuracies to the credit bureaus. All of which could negatively impact their credit scores and overall creditworthiness

Some borrowers believe that the first time they borrow would be the last and so begin the search for a means to erase their data from the credit bureau’s database.

Unfortunately, complete erasure is just not possible. However, there are means made possible for borrowers to make alterations or modifications to certain aspects of their data.

And today, we’ll be teaching you how to go about modifying your information with credit bureaus.

## Confirm information correctness
First, you begin the modification process by reviewing your credit report from all three credit bureaus, it’s also advisable to get trusted individuals to help with the review.

Take the time to look over each entry, and pay close attention to personal information, account details, and any reported defaults. While simultaneously verifying whether the information accurately reflects your financial history.

If any discrepancies or inaccuracies are identified, you must gather supporting documentation to show as evidence to back your claims. This may include bank statements, payment records, or other relevant pieces of information.

## Dispute discrepancies
As part of the process, you have the right to challenge any information on your credit report that you perceive as inaccurate. This also includes any information that has become obsolete or irrelevant within the credit system.

After spotting discrepancies in the credit report, take immediate action to dispute the items with the respective credit bureau. This involves submitting a clear and concise statement detailing the specific inaccuracies or outdated information, along with any supporting document you may have. The credit bureau is then obligated to investigate your dispute and either verify, correct or remove the disputed information within a reasonable time frame.

Clear all pending debts and close unused accounts
When working to modify data with credit bureaus, you must be on your best financial behavior, and make a concerted effort to manage your financial profile by clearing all pending debts and closing unused accounts. This move reflects financial responsibility.

You can start by assessing your outstanding loans and prioritizing repayment based on interest rates.

At the same time, closing any unused accounts helps simplify your financial portfolio. When one closes dormant accounts no longer required, they present a more focused and controlled credit profile.

## Mend broken fences
Reach out to past lenders who’ve previously reported negatively to the bureaus and see if a resolution can be met. Lenders are obligated to report any default or issues with a borrower to the credit bureau. However, there’s no rule that says the reports cannot be cleared if the issue between lender and borrower is resolved.

Resolving issues with lenders and ‘mending broken fences’ helps when you try to modify data with the credit bureau. It shows trustworthiness and integrity on your part. It also further improves the look of your credit profile.

## Cease data sharing with third parties
Some shady lenders occasionally spam borrowers with unending calls and SMS messages in a bid to market their services. To curb a possible repeat, one has to first; properly vet who they choose to borrow from. Read more on how to spot responsible lenders. Secondly, put in a polite request with lenders you’ve transacted with to refrain from uncontrolled data sharing with third parties.

As always, we hope you’ve learnt a thing or two about how you can modify your credit profile with the three credit bureaus. Send us a message at support@irorun.com and let’s get you a loan from a reputable and ethical lender.

Can my details be modified or erased from the credit bureaus?

Life is full of surprises, and not all of them are pleasant. There are times when an unexpected expense can turn a well-planned budget upside down, and when that happens, you may find yourself needing a quick 20,000 Naira loan. Whether it's covering a medical emergency, a minor home repair, or simply bridging the gap until payday, having access to quick funds can make all the difference.

But where can you secure a 20,000 Naira loan without the hassle of collateral or lengthy approval processes? One standout option is Irorun, a trusted platform offering personalized solutions for salary earners and individuals in need of quick financial relief.

## The growing demand for quick loans in Nigeria
[According to data from the National Bureau of Statistics (NBS), about 33% of Nigerians are either unemployed or underemployed](https://nigerianstat.gov.ng/elibrary/read/1241455), making financial stability a challenge for many households. Moreover, [the World Bank reports that over 40% of Nigerians live below the poverty line, earning less than N377 per day](https://databankfiles.worldbank.org/public/ddpext_download/poverty/987B9C90-CB9F-4D93-AE8C-750588BF00QA/current/Global_POVEQ_NGA.pdf). These economic realities make even small financial emergencies potentially devastating, especially for those without access to savings or formal credit systems.

Quick loans have become a vital financial tool for millions of Nigerians, helping to manage short-term expenses without sinking into debt. For salary earners, a N20,000 loan can be the difference between meeting an urgent need and falling into financial distress.

## Where to get a 20,000 naira loan
**Irorun, the best choice for quick loans**: When it comes to securing a quick N20,000 loan, Irorun stands out as a reliable and efficient option for salary earners. Irorun specializes in payday loans, providing flexible solutions that allow you to meet urgent financial needs without the burden of collateral. Unlike many other lenders that focus on smaller or larger amounts, one of Irorun’s sweet spots is the N20,000 loan, which is easily accessible via our web or mobile app.

## Why choose Irorun for your 20,000 naira loan?
**Tailored for salary earners**: Irorun specifically targets individuals with a steady income, making the loan approval process faster and more straightforward. If you’re a salary earner, you’re likely to meet our criteria and secure a N20,000 loan without hassle. 

**No collateral required**: Unlike traditional lenders, Irorun does not require you to pledge any assets. This makes it an attractive option for those who need quick cash but don’t have valuable items to offer as security.  

**Quick processing**: The entire loan application process is digital, which means you can apply and get approval within minutes, provided you meet the basic requirements. Irorun’s system ensures that your loan is disbursed directly to your bank account as soon as possible.

**Flexible repayment plans**: You can repay the loan in a way that fits your financial schedule, often aligning the repayment with your next payday. This prevents long-term debt while ensuring that you can handle short-term financial needs.

## Key requirements for a 20,000 naira loan with Irorun
To apply for a N20,000 loan from Irorun, there are a few key requirements you’ll need to meet:

**Valid ID**: You must provide 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 will be required to demonstrate your income and ability to repay the loan. This helps Irorun confirm that you are a salary earner.

**Employment offer letter**: Since Irorun’s loans are designed for salary earners, you’ll need to provide proof of employment, such as an offer letter or a letter confirming your current employment status.

**BVN (Bank Verification Number)**: Your BVN is necessary for identity verification and ensuring that your loan application is secure.

**Video attestation**: One unique feature of Irorun’s loan process is the requirement for a video attestation. You’ll need to record a short video confirming your identity and that you are applying for the loan yourself. This adds an extra layer of security to the process.

## How to apply for a 20,000 naira loan from Irorun
Applying for a loan from Irorun is simple and can be done from the comfort of your home or office. Follow these steps:

**Sign up on Irorun**: Visit the [Irorun website](https://irorun.com/) or [download our mobile app](https://play.google.com/store/apps/details?id=com.irorun&hl=en&gl=BM) to create an account. Make sure you provide accurate details, as this will make the application process smoother.

**Submit required documents**: Upload the necessary documents, such as your valid ID, bank statement, and proof of employment. You’ll also need to provide your BVN for verification purposes.

**Record your video attestation**: Follow the platform’s instructions to record a short video confirming your loan application.

**Wait for approval**: Irorun’s system is designed to process applications quickly. If you meet all the requirements, you could receive your loan approval within minutes.

**Receive your loan**: Once approved, the N20,000 will be disbursed directly into your bank account. The entire process can take as little as an hour, making Irorun one of the fastest options for urgent loans.

## Responsible borrowing
While quick loans can provide essential financial support, it’s important to borrow responsibly. Make sure that you have a clear plan to repay the loan on time. Defaulting on loans can harm your credit score and limit your ability to borrow in the future.
Remember, loans should be used to cover immediate and necessary expenses, such as medical bills, repairs, or other emergencies. Avoid using loans for non-essential purchases, as this could lead to financial strain. [Borrow responsibly from Irorun today](https://lendsqr.com/lenders/irorun).



Where to get 20,000 naira loan in Nigeria

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Irorun Blog

How to boost your credit score

7 reasons why taking out a loan is no longer considered scary

Can my details be modified or erased from the credit bureaus?

Where to get 20,000 naira loan in Nigeria

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