Get a 10 Million Naira Loan in Nigeria 2024: 3 Available Offers

  • November 19, 2023

10 million Naira Loan in Nigeria: Are you looking to start a business, or solve an emergency issue, and in need of a quick loan of 10 million Naira? Look no further, we’ve got some offers available at very low-interest rates.

In Nigeria, getting a high loan amount is very difficult as lots of lenders only offer small loans, usually less than ₦100,000. This is mainly due to a high rate of defaults on loans.

These lenders’ repayment terms are usually short, which is not ideal for businesses.

Fortunately, a few lending platforms offer loans of ₦10,000,000 and even more to borrowers that meet their requirements, even as a first-timer. In this post, we will be taking a look at some lenders that give 10 million Naira in Nigeria.

So, if you’re among those seeking, “How to get 10 million Naira loan in Nigeria”, join me and let’s explore some available offers!

10 million Naira Loan Offers in Nigeria 2023

1. Standard Chartered Loan

Standard Chartered is one of the most popular banks that offer customers loans of 10 million Naira to eligible customers. In fact, its loan offers range up to 20 million Naira.

Although Standard Chartered loans can be easily accessed, as a borrower you must meet certain criteria, provide documentation, and fill out an application form. If approved, the loan amount will be disbursed to your bank account within a few days.

SC loan repayments are made monthly with principal and interest according to the repayment terms.

Standard Chartered loans usually come with low-interest rates and flexible terms. Also, the period ranges up to 6 years, and it also offers a calculator for borrowers to calculate their interest rates.

Related: How to Get 5 million Naira Loan without Collateral

2. FCMB Loan

10 million Naira loan in Nigeria

FCMB is a popular Nigerian bank that gives 10 million Naira loan without collateral in Nigeria. This loan offer is mainly targeted towards small and medium enterprises (SMEs), with flexible terms.

FCMB SME loans come with very low interest rates of 2.5% monthly which is equivalent to 30% per annum. Also, the repayment term is flexible, as it ranges up to 180 days with 30 days, 60 days, and 90 days available options.

To apply for this loan you must have an account with FCMB, and also make a good turnover and have ensured consistent monthly inflow through the account. You can also contact your account officer to confirm your eligibility status

You can apply for FCMB loan via their Internet banking platform, or visit your branch to apply through your account officer.

See Also: How to Get a Car Loan from GTB without Collateral


Lastly, if you are a small business owner in Nigeria looking for financial support to grow your business, AGSMEIS loans are specifically designed for SMEs in Nigeria, particularly those in the agriculture industry.

The lender is approved by the Central Bank of Nigeria and backed by Banker’s committees. AGSMEIS offers up to 10 million Naira business loans with a low-interest rate of just 9% annually.

The loan is primarily disbursed through NIRSAL Microfinance bank, but can also be obtained through other approved banks by AGSMEIS.

If you have all the required documents and meet the eligibility criteria, you can apply for an AGSMEIS loan using just your phone and BVN.

If you are searching for loan apps that can lend you up to 10 million Naira loan in Nigeria, the aforementioned apps are popular options. Nonetheless, it is essential to compare them before selecting one. Let’s delve into that further.

Read Also: How to Get 1 Million Naira Loan in Nigeria

Comparing 10 million Naira Loan Offers in Nigeria

When comparing the available 10 million Naira loans without collateral in Nigeria from the aforementioned loan apps, consider the following factors:

  • Loan amount: The maximum loan amount each app offers.
  • Interest rate: The interest rate each app charges on loans.
  • Loan tenure: The repayment duration for each loan.
  • Eligibility requirements: The necessary conditions to be eligible for a loan.
  • Application process: The ease and speed of the application process.

Important Reminder: Prior to applying for a loan on any of these apps, read and understand the terms and conditions, interest rates, and repayment schedule. It is also crucial to note that failure to repay loans promptly can result in additional fees, penalties, and a negative impact on your credit score.

Related: How to Get a 2 Million Naira No Collateral Loan


Online lenders provide an excellent option for individuals and businesses in Nigeria seeking quick and convenient access to 10 million Naira loans. However, several Nigerian loan apps offer lower amounts.

This post contains information on apps that offer 10 million Naira loan without collateral or more, providing a perfect answer to the question “Where to get a 10 million Naira loan in Nigeria?”