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Frequently Asked Questions
What is Equaloans?

EquaLoans is a leading loan provider in the world. We provide loan to any qualified individual/company from around the world in one single loan application online.

Is EquaLoans Legitimate?

Absolutely! EQUALOANS is a World wide company that matches the borrowing world market to its financial power.In doubt? Call us at this number: +234(0)80549746041 or 115 williams adebayor avenue, Ikeja Lagos,Nigeria..


Is EQUALOANS a free service?

Yes!Every loan seeker is required to pay for the registration fee of the loan before the loan is transferred into their bank account. The fee cannot be deducted from the loan amount and you must pay it before you get the loan..The registration fee is just a very small amount of the original loan amount, which stands to be a proof and evidence that you will pay back the loan once it has been given to you. Once you complete your loan payment, the fee will be refunded back to you. "That’s a promise, which we always keep"
As soon as you make the payment your loan will be transferred to you within the next one hour.

Do I need to have collateral to get my loan approved?

It depends on the loan type and the loan amount you are requesting to borrow. You can get a loan without collateral if you avail of a personal loan, salary loan, student or educational loan, pension loan, business loan and quick cash loan.

Can I apply for a loan even when someone else owns the collateral?

Yes, you can as long as the owner of the property is willing to become your co-borrower/co-mortgager. He/She needs to fill out a separate application form and sign all the required documents. However, this is a case-to-case basis depending on your matched lending company.

What are considered valid collateral?

Valid collaterals depend on the lending company. For the most part, your house, lot and car are among the properties that are acceptable collaterals to put against a loan.

Credit Investigations Background credit check on a borrower Will I be approved even with bad credit records in the past?

In most cases, it is almost impossible especially if the issue has yet to be resolved. However, there are always ways to redeem your credit score and fix your bad credit record. Try to resolve your bad credit first. There are a couple of companies lending money specialized in providing loans to people with bad credit history.

Qualifying for a loan,Simple qualifying criteria common to lending companies,How do I qualify for a loan?

Lending companies differ in the market they usually serve. Qualifying for a loan will depend on the type of loan and the source of income. The following are simple qualifying criteria that we use:

Applicant must obey the company instructions.
Applicant must be 18 years and above.
Applicant must provide his/her National Identity Card or International
Passport, Driver License and a copy of his/her photo(pictures).
All information sent by the applicant must be valid.
Applicant must respond to the company mails regularly.
The loan repayment is consist in Monthly payment with the total interest rate.
The maximum amount we lend is 10,000,000.00 in the following
currency:United State Dollars, Euro, and Great British Pounds(GBP).
Applicant must be willing to make the payment of the registration fee before the loan is transferred to you.

What is the minimum monthly income to qualify for a loan?

We require loan applicants to have at least a $800 monthly income, regardless of source. However, we compare it on the loan amount and the purpose of your loan. Some would qualify monthly income of less than $100 as long as the borrower has a co-borrower or a co-maker.

Can I apply for a loan without proof of income?

Yes! If an applicant with no proof of income, he/she owns a credit card for at least one (1) year and with a good credit record. He/She has an advantage over others

Get started with your loan application

How do I get started with an online loan application?

Get started with your loan application by going to www.equaloans.com or the homepage. Fill out the application and complete the steps. After submitting, check your email and your cellphone for further instruction.

What is the minimum and maximum amount I can borrow?

With our asset base, we can offer our clients a range of $1,000 to $10,000,000 of loan amount. However, final loan amounts are decided by the company and will depend on several factors such as loan type, monthly income, collateral etc.

How do I apply for a loan when I am abroad (onboard)?

You can have your beneficiary (for OFW) or Allotee (for Seaman) to apply for a loan in your behalf. Just have them apply under Beneficiary or Allotee loan via www.equaloans.com.

What requirements do I need to submit?

Requirements will depend on the type of loan or the purpose of your loan. However, to give you a head start, click list of documentary requirements to check.

Loan Approvals

Approval depends on our partnered lenders

How long will it take to learn whether my loan is approved?

The process is very fast and it takes less that 24 hours to complete. It also depends on how fast you submit the requirements.

How do I know if my loan application has been disapproved?

You will receive an email from our email informing you of the disapproval. However, we will let you know the reason.

How do I get the money once the loan is approved?

Once your loan is approved, we will sendl you an email and provide instruction as to where and when the money will be released to you with all the documents to be signed for the duration of the repayment period.

What are the interest rates?

We offer the loan at 2% per year.

Payment Schemes, Depending on the amount requested

How long will I be paying for the loan?

We have our own standard loan term (months or years to pay) depending on the amount requested. The loan term will also depend on your risk as a borrower or how likely you will be able to repay the loan on time.

You also have a minimum of 5 months grace period

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