Where to Get Instant Loan Without Interest

When it’s time to cash out, hitting up the ATM or heading down to your local bank is not always an option. But if you’re looking for a quick and easy loan without any interest, there are other options available: Peer-to-peer lending platforms like P2P Lending Club can offer instant loans with no hidden fees.

The “emergency same day loans” are a loan that is available without interest. The borrower will have to pay the loan back in installments with low rates of interest.

Where to Get Instant Loan Without Interest

When searching for a place to receive an immediate loan with no interest, you should ask yourself a few things.

Here are a few examples:

  1. What is the name of the lender?
  2. How much do they want to give you?
  3. What are the conditions of their loan?

A no-interest loan is one in which the borrower is only needed to repay the lender the main (original) amount borrowed.

You may apply for a no-interest fast loan from a variety of sites, particularly now that a large number of merchants are offering their own kind of financing.

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Where Can I Get a No-Interest Loan Right Now?

An overdraft is the greatest way to get a loan without paying interest. This may be quite beneficial, particularly for small company owners and startups.

Thus, the following are the best places to go when looking for Where Can I Get a No-Interest Loan Right Now?:

  1. Nigerian Standard Chartered Bank
  2. UBA Group is a business conglomerate based in
  3. Kuda
  4. Retailers with a long history

#1: Nigerian Standard Chartered Bank

The Nigerian Standard Chartered Bank is one of the best places to get instant loan without interest.

This loan is in the form of a bank overdraft, with no maintenance fees and no minimum account starting balance, allowing you to withdraw up to N1.8 million in money.

The loan is set up in such a manner that you may get cash quickly and easily anytime you need it.

Your wage determines how much money you have access to. As a result, suitable candidates are reviewed for a 12-month (one-year yearly) term and are only permitted to borrow up to 50% of their salary.

That is to say, if you earn the required minimum monthly pay of N50,000, your total compensation for the year would be N600,000. With this lending scheme, you may only borrow up to N300,000 at a time (half the total amount of your salary for the year).

The following are the The following are the The following are the minimum requirements:

To be eligible for this kind of financing, you must:

  • Have your salary account registered with Nigerian Standard Chartered Bank (SCB).
  • A minimum salary of N50,000 is required.
  • Work for the government or for a private enterprise.
  • To apply, you must be at least 21 years old.

UBA Group is ranked second. is a business conglomerate based in

UBA is also another good place to go when looking for Where Can I Get a No-Interest Loan Right Now?. You get access to as much as N3million in your account for up to six (6) months.

The loan program is also designed to fit into your daily routine and provide convenience.


As previously stated, the loan offer is for a total of six (6) months, and you are only expected to pay 5% of the loan amount every 30 days (until your next salary) until the loan term is completed.

To apply, first fill out the UBA Consumer Loan application form, which you can do online by downloading and filling out everything digitally or in person at one of their physical locations. After that, you must submit your application in person to your branch’s Customer Service Officer.

The following are the The following are the The following are the minimum requirements:
  • You must be a UBA account holder.
  • Over the past three (3) months, your pay must have been paid to you via the bank.
  • You must not have a history of returned checks due to a lack of cash.
  • After taxes, your yearly pay for the year must not be less than N5 million.
  • It doesn’t matter whether you work for a private or public corporation.

#3: KUDA

KUDA is one of the notable places to go when looking for Where Can I Get a No-Interest Loan Right Now?.

To cope with pressing difficulties, the online bank allows you to borrow money for a limited period of time.

Now, KUDA does not provide 100% no-interest loans, but the interest levied on their loan offers is allegedly so low that it virtually qualifies as zero (0).

On each amount borrowed, KUDA charges consumers as little as 0.3 percent per day.

That instance, if you borrow N50,000 from the bank, you would only be required to pay back an extra N150 every day for the duration of the loan.

A regular bank would typically charge you between 5% and 25% in interest for a loan offer.

Customers may also take use of several additional unique features on the KUDA platform, such as:

  • Fixed deposit holders may earn high interest rates of up to 15% per year.
  • For up to 25 transactions each month, there are no transaction costs.
  • There are no costs for card maintenance or stamp duty.
The following are the The following are the The following are the minimum requirements:

The qualification requirement for a bank overdraft with KUDA is automatic, but still, you will need to meet the following The following are the The following are the The following are the minimum requirements:

  • You must have a KUDA account.
  • You must utilize KUDA on a daily basis for all of your transactions.

#4: Retailers with a long history

If you are looking for Where Can I Get a No-Interest Loan Right Now?, your everyday Retailers with a long history can be a pretty good place to go.

Rather of taking an interest-based loan from all of these other lenders to pay for a purchase, you go directly to the store and arrange a payment term that is beneficial to both of you.

For example, if you want to buy new furniture for your house, rather than taking out an interest-based loan that would almost certainly put you in further debt, you can simply go to your shop and arrange a payment period that works best for both of you.

As a result, the merchant lends you the lovely piece of furniture, which you must repay in full, cash, within XYZ days or weeks.


There are no-interest loans, but most of them include tiny print that makes them less valuable than they seem.

This implies that if an emergency arises and you are unable to repay the loan in full before the end of the promotional period, your lender may charge you interest on the remaining loan sum retroactively (sometimes even at a much higher interest rate than the normal regular everyday loans).

The “small instant loans” is a loan that can be accessed with little to no interest. This type of loan is usually used for short-term purposes, such as emergencies or small business expenses. The loans are also provided by many different lenders in the United States.

Frequently Asked Questions

How can I get an interest free loan?

A: There are many different ways to get an interest-free loan. You can go through your bank, or you could borrow from a family member, friend, or even a company like ours!

Can we get loan at 0 interest?

A: If you are interested in a loan, we have 0% interest for the first year. After that period of time is over, our interest rate will be determined by your credit score and financial history..

Where can I borrow money instantly?

A: You can use a credit card to borrow money from your bank, whether thats in person or online.

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