What Is the Easiest Type of Loan to Get Approved For?

Omotoyosi Popoola

Jan 27, 2026

When you’re searching for what is the easiest type of loan to get approved for, you’re really asking: How can I get money fast without a headache? Whether it’s an urgent medical bill, car repair, or unexpected expense, knowing which loans are easiest to qualify for can save time and stress, especially here in Nigeria, where loan apps in Nigeria have transformed how people access credit quickly.
In this blog post, we’ll break down the easiest loans to get, how they work, and what to watch out for so you can make safe, smart decisions with online credit.

Why Some Loans Are Easier to Get Approved For

Most people think all loans are hard to qualify for. Not true. Some types of loans are designed for speed, convenience, and accessibility, even if you don’t have a perfect credit history.

The ease of approval usually comes down to two things:

Minimal requirements, like no collateral or no strict credit score checks.
Automated decisioning systems, where apps use technology and alternative data (like your phone usage) to approve quickly.

That’s how loan apps in Nigeria and other online loans work today.

Easiest Loans to Get Approved and Why

1. Instant Loans (Instant Approval, Minimal Steps)

If you want what is the easiest type of loan to get approved for, the clear answer is instant loans, especially through mobile apps.

These are short‑term online loans where approval can happen in minutes, and money is sent directly to your bank account. They typically don’t require collateral (like property or valuables) or long credit checks.

Great for: urgent needs, unexpected expenses and emergencies
Requirements: smartphone, BVN/ID and basic info
Approval time: minutes to hours

2. Loan Apps in Nigeria That Approve Fast

Mobile lending platforms are now the most common way to get quick credit in Nigeria. These loan apps often use AI and alternative credit data to evaluate your profile and decide instantly.

Here are the types you’ll see:

– Loan app in Nigeria with no collateral

Many Nigerian loan apps let you apply for a loan without pledging collateral, meaning you don’t need a house, car, or assets to secure the money.

Examples include:

QuickCheck – known for instant online loans with low interest and quick disbursal.
Palmcredit – instant, small‑amount loans without BVN for many new users.
FairMoney – popular for quick approvals and scalable limits.
Carbon – well‑established with up to ₦1,000,000 loans.

These best loan apps are designed to be accessible even if you’re new to credit.

3. Personal Loans Without Collateral

Personal loans can be easy to qualify for if they’re unsecured. Unlike big bank loans that might take days and require lots of paperwork, digital lenders work fast and don’t usually require collateral for smaller amounts.

Best for: everyday people with a smartphone
Typical amounts: ₦2,000 – ₦500,000+
Speed: minutes to hours

That’s a huge advantage when your need is urgent, and you can’t wait.

Factors That Make a Loan Easy to Get Approved

Whether you’re applying for an urgent loan or online loans, these factors determine how easily you’ll be approved:

Minimal Documentation

Apps that don’t require lots of paperwork or physical visits are faster. You usually just upload your ID and BVN; that’s it.

No Collateral Needed

Loans without collateral are easier to qualify for; you don’t need property or assets.

Automated Credit Decisions

Many apps use data science and algorithms to make decisions instantly. That’s why instant loans are called “instant.”

Important: Safety Tips When Using Loan Apps

While speed is great, it’s crucial to protect yourself:

Only use apps licensed or regulated. Many legit ones are approved by Nigeria’s regulators.
Avoid apps that ask for upfront fees; that’s often a scam tactic.
Read all terms and interest rates before you borrow.

Remember, easy approval doesn’t mean easy money; you still need to repay responsibly.

Fast, Easy Loans Are Possible; With Caution

So, what is the easiest type of loan to get approved for? In today’s digital age, instant loans through well‑trusted loan apps in Nigeria are among the simplest and fastest. They don’t require collateral, they process applications quickly, and you can often complete everything online.

Using online loans wisely and choosing reputable platforms like QuickCheck means you can access cash when you truly need it, without unnecessary delays.

FAQs

1. How can I borrow from QuickCheck?

Borrowing from QuickCheck is simple:

Download the QuickCheck app on Google Play.
Sign up and create an account.
Apply for your loan in minutes.

2. Are online loans in Nigeria safe?

Online loans are safe when taken from regulated platforms that follow data protection and ethical recovery practices. QuickCheck is fully compliant with the Nigeria Data Protection Act (NDPA) and is committed to safeguarding your data and privacy.