Economy
What Are Things to Know about a Same Day Loan?
A no-credit-check loan is a type of loan where the lender performs a soft credit check on the borrower instead of a hard credit check. That is a win, especially during emergencies, since you get the money approved faster. This type of loan also applies if you have poor credit or no credit. Its main advantage is that it helps you avoid one of the most challenging obstacles when it comes to borrowing – the hard credit check.
There are typically a few lenders who are prepared to offer same-day loans with no credit check. One of the reasons could be that these loans pose a significant risk to the lenders because of the threat of loss. But this does not mean you will not get a same-day loan with no credit check. The best solution here lies in good research.
Using a top-rated platform for same day loans online such as UnityLoan is an even bigger win for you. UnityLoan is a credit broker that has made it simpler than ever to access quick same-day loans without a credit check. Even with bad credit, their lenders will personally review your application to see if they can help – they usually consider other factors besides your credit score when deciding to give you a loan.
Are Same Day Loans Safe?
There are many safe and legitimate same day loans out here. To access them, you have to perform good research. Always aim for a company that has strict privacy policies and secure transactions. The same company should also be transparent about its terms and conditions.
One platform for same day loans that usually stands out because of public trust and positive reviews from customers is UnityLoan. This platform has millions of users that speak for its reputation. When millions have placed their trust in UnityLoan, it is safe for you to do as well. UnityLoan is a haven for connecting with multiple legitimate lenders for same day loans.
Their lenders usually perform soft credit checks, which allows you to access these loans with bad credit. Such credit checks usually enable instant transactions – you can get payments through selected means after completion and verification of paperwork. This can be done within 24 hours of applying. However, to get approved, you may need to convince the lenders with your educational background, source of income, or past job histories. Check out more by visiting UnityLoan.com.
The fact that UnityLoan is a transparent platform with no involvement of hidden charges of any kind makes it a safe platform for submitting your request for a same day loan. There is no obligation to accept the loan offer if you disapprove. Additionally, the data you submit while applying remains safe and secure – the platform employs a data encryption process to protect your information from hackers and other parties.
What to Look for in a Top-rated Platform for Same Day Loans?
When you need financial assistance quickly, a same day loan online can help you avoid getting stuck in the long queue at the bank. With same day loans, you can access an immediate influx of funds within a day.
Even with that convenience, you should not just pick any lender you come across. Choose the reliable and trusted ones by considering the following factors:
- Annual Percentage Rate: Choose a lender whose APR is favorable, usually within a range from 5.99 – 35.99%. It is essential to carefully examine the APR terms to see if they suit you. You can always reject an offer if you find the terms not useful
- Transparent Policies: Nobody wishes to be surprised with extra charges after accessing a loan. Ensure that the company you choose is as transparent as glass. They should disclose every fee upfront before you sign for the loan. That lets you know exactly what you’re getting into.
- Fast transactions: Any company should ensure the swift transactions of emergency loans. You don’t have to wait for unnecessary delays or authentication issues, especially after submitting the right documents.
- Simple Application Process: Filling and submitting an application should be as easy as possible. You should be able to easily compare and choose offers once the lenders send them after reviewing your information.
UnityLoan is a credit broker that doesn’t charge any fee. This platform provides a streamlined application process, which allows you to complete your application faster and access lenders and funds before midnight. In one application, you usually get access to a pool of lenders within a day.
What Type of Loans Can You Get Same Day
Same-day loans tend to have smaller amounts than other types and have loan terms that last a few weeks or even months. The following is an overview of some loans you can get on the same day:
Payday Loans
Payday loans are meant to help you meet expenses as you wait for your next paycheck. When you borrow these loans, the lender may ask you for your bank account details during the application. Same day payday loans are usually in small amounts and have shorter loan terms.
Payday loans are available fast with no credit check. They are also an alternative option to getting loans with bad credit. However, their interest rates can be very high compared to bad credit loans. Their Annual Percentage Rate (APR) can get close to 400%. If you re-borrow these loans several times, you can end up stuck in a cycle of debt.
Title Loans
These usually take your car as collateral. The lender holds on to your vehicle title and lends you the money. If you default on the loan, the lender may be allowed to seize your car. However, in the meantime, you can still drive your car around as you repay the loan.
Pawnshop Loans
Pawnshop loans require that you offer something valuable like jewelry as collateral for a loan. The pawnshop usually holds on to the item until you repay the loan. APRs for pawnshops usually lie at roughly 240 % because, according to the National Pawnbrokers Association, a fee on a pawnshop could be 20% on $ 80. However, this can also vary by the lender.
Benefits of Taking Out a Same Day Loan
There are many benefits to getting a same day loan. For example, they are an effective way to instant cash, which makes them best for emergencies.
Their application process is easy. When you use a credit broker such as UnityLoan, you use the platform to complete the process, which is entirely online and takes minutes. You only need to fill in and submit the right details, and the loan will be approved if you meet the eligibility conditions.
You can access funds without collateral, meaning you will not need to worry about losing your valuable assets if you default on payment. And also, bad credit is not a problem. Lenders for same day loans look past your creditworthiness when deciding to give you a loan. They usually consider your income and debt-to-income ratio instead.
Apply for a Same Day Loan and Get Approved as Instant as 5 Minutes
You don’t need to get frustrated any time you need instant cash. Try UnityLoan today for lender approval as soon as the minutes of applying.
By Adedapo Adesanya
The duo of Geo-Fluids Plc and Afriland Properties Plc propelled the NASD Over-the-Counter (OTC) Securities Exchange up 0.13 per cent on Friday, January 10.
Investors gained N1.4 billion during the trading session after the market capitalisation of the bourse ended at N1.053 trillion compared with the previous day’s N1.052 trillion, and the NASD Unlisted Security Index (NSI) increased at the close of business by 4.07 points to wrap the session at 3,073.93 points compared with 3,069.86 points recorded at the previous session.
Geo-Fluids added 25 Kobo to its value to close at N4.85 per unit compared with the previous session’s N4.60 per unit, and Afriland Properties Plc gained 24 Kobo to close at N16.25 per share versus Thursday’s closing price of N16.01 per share.
There was a 35.4 per cent fall in the volume of securities traded in the session as investors exchanged 4.3 million units compared to 6.6 million units traded in the preceding session, the value of shares traded yesterday went down by 37.4 per cent to N17.2 million from the N27.5 million recorded a day earlier, and the number of deals decreased by 47.2 per cent to 19 deals from the 36 deals recorded in the preceding day.
FrieslandCampina Wamco Nigeria Plc remained the most active stock by value (year-to-date) with 1.9 million units worth N74.2 million, followed by 11 Plc with 12,963 units valued at N3.2 million, and Industrial and General Insurance (IGI )Plc with 10.7 million units sold for N2.1 million.
IGI Plc closed the day as the most active stock by volume (year-to-date) with 10.6 million units sold for N2.1 million, trailed by FrieslandCampina Wamco Nigeria Plc with 1.9 million units valued at N74.2 million, and Acorn Petroleum Plc with 1.2 million units worth N1.9 million.
By Adedapo Adesanya
The Naira witnessed a depreciation on the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, January 10.
According to data from the FMDQ Exchange, the local currency weakened against the greenback yesterday by 0.12 per cent or N1.80 to sell for N1,543.03/$1 compared with the preceding day’s N1,541.23/$1.
The pressure on the domestic currency came as the access granted to the Bureaux de Change (BDC) operators by the Central Bank of Nigeria (CBN) to purchase FX from the official market through the Electronic Foreign Exchange Matching System (EFEMS) platform prepares to end next week, precisely on January 19.
The CBN had given a 42-day window to the operators to access the platform to help stabilise the Naira in December, and this expires next week.
On Friday, the Nigerian currency tumbled against the Pound Sterling in the official market by N30.78 to sell for N1,889.29/£1 compared with the previous day’s N1,858.51/£1, but gained N5.48 against the Euro to finish at N1,583.81/€1, in contrast to Thursday’s rate of N1,589.29/€1.
As for the parallel market, the Nigerian Naira remained stable against the US Dollar during the trading session at N1,650/$1, according to data obtained by Business Post.
In the cryptocurrency market, it was bearish as the US economy added 256,000 jobs last month, the Bureau of Labor Statistics reported on Friday, topping forecasts for 160,000 and up from 212,000 in November (revised from an originally reported 227,000).
However, the readings came after a number of recent economic reports triggered a broad-market pullback across asset classes such as crypto as investors quickly scaled back the idea of a continued series of Federal Reserve rate cuts in 2025.
Cardano (ADA) fell by 3.6 per cent to trade at $0.921, Solana (SOL) slumped by 2.8 per cent to $185.93, Ethereum (ETH) depreciated by 1.4 per cent to $3,233.27, Litecoin (LTC) lost 1.3 per cent to finish at $103.62, Dogecoin (DOGE) shed 0.5 per cent to sell at $0.3315, Bitcoin (BTC), waned by 0.2 per cent to $94,154.43, and Binance Coin (BNB) went south by 0.1 per cent to $693.30.
On the flip side, Ripple (XRP) jumped by 1.5 per cent to settle at $2.34, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) sold flat at $1.00 each.
By Dipo Olowookere
Profit-takers took control of Customs Street on Friday, plunging it by 0.08 per cent at the close of trading activities.
The sell-offs were across all the key sectors of the Nigerian Exchange (NGX) Limited on last trading session of the week.
The insurance space went down by 1.53 per cent, the banking index depreciated by 0.41 per cent, the consumer goods sector weakened by 0.16 per cent, and the energy counter slumped by 0.08 per cent, while the industrial goods sector closed flat.
At the close of business, the All-Share Index (ASI) tumbled by 79.68 points to 105,451.06 points from 105,530.74 points and the market capitalisation retreated by N48 billion to N64.303 trillion from N64.351 trillion.
Yesterday, investors traded 1.5 billion shares worth N19.4 billion in 12,877 deals compared with the 489.5 million shares worth N13.1 billion transacted in 13,010 deals in the preceding day, indicating a decline in the number of deals by 1.02 deals and a rise in the trading volume and value by 203.14 per cent and 48.09 per cent, respectively.
Wema Bank was the busiest stock with 976.2 million units valued at N9.8 billion, Tantalizers traded 53.0 million units worth 129.6 million, Universal Insurance sold 34.8 million units for N26.8 million, Access Holdings exchanged 33.9 million units valued at N843.8 million, and Nigerian Breweries traded 27.3 million units worth N873.3 million.
The heaviest loss was suffered by Sunu Assurances with a decline of 9.99 per cent to trade at N7.30, Eunisell shed 9.96 per cent to N17.35, SAHCO crumbled by 9.87 per cent to N30.15, DAAR Communications plunged by 9.28 per cent to 88 Kobo, and Sovereign Trust Insurance went down by 7.04 per cent to N1.32.
On the flip side, C&I Leasing gained 10.00 per cent to close at N4.51, Honeywell Flour appreciated by 9.99 per cent to N10.02, Trans Nationwide Express jumped by 9.89 per cent to N2.00, RT Briscoe rose by 9.83 per cent to N2.57, and Secure Electronic Technology grew by 9.46 per cent to 81 Kobo.
Business Post reports that the bourse ended with 33 price gainers and 25 price losers, indicating a positive market breadth index and strong investor sentiment.
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