Home finance Free Loans: How To Get Free Personal Loans and Business Loans

Free Loans: How To Get Free Personal Loans and Business Loans

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Photo Credit: Business Digest

One of the many important things about business is that it attracts customers. Second is that it level up in competing for other business opportunities. And the internet provides individuals with many ways to get loans for personal and business use. In this article, we’ll introduce you to some few way to benefit from these loans.

NOTE: It is important that our readers note that loans from every platform mentioned here are subject to terms and conditions of the company. And Mntrends have no part in the loan process. But we can answer few questions about these loan institutions. So it is advisable that our readers understand the terms of usage of any loan institution before applying for the loan.


PAYLATER: Paylater is an online loan company located in Nigeria and they give out short term free loans. Loans applied for in Paylater are expected to be used to pay unexpected expenses or urgent need of cash. Paylater offers loans without collateral and once approved its credit within 5 minutes.

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Aside from having a website, Paylater also have Apps(Android and IOs) that makes the process easier. The requirement needed to apply for loans is personal Bank details(which includes your BVN), valid home address. Applying for loans with Paylater is easy,fast and secure. But please be sure to read their terms of service before you apply. CLICK HERE to read more about Paylater and their terms of service.

LIDYA: Lidya is an online financial institution design to automate the process of taking free loans. The members of Lidya are from Nigeria and Portugal. The co-founders are Tunde Kehinde from Nigeria and Ercin Eksin from Portugal.

Lidya has two address, Nigeria: Oko-Awo Close, Victoria Island, Lagos and Portugal: No 129 Floor 7, Campo 24 de Agosto, Bonfim, Porto. The services offered by Lidya is simple, get an online working space with dashboard to manage your business. Create a list of your clients and apply for loans for your next business pending when a client pays.

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With Lidya, you don’t have to wait for the completion of one business transaction before you initiate the next one. Lidya makes it possible for it’s customers(business organizations) to always have the option of trading or doing business. CLICK HERE to read more about Lidya and their terms of service.

Mntrends have put together simple loan calculators to help you better understand your loan. CLICK HERE to use the general loan calculator. If you would like to use Mntrends Auto loan calculator then CLICK HERE. For the Mortgage Loan calculator CLICK HERE to use the simple calculator.

In our seubsequent articles, we’ll be writing about how you can successfully register in these platform. And how you can benefit from using these platforms to promote your business. Subscribe to our newsletter for daily updates.



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