Top 10 Best Loan App in Nigeria

Most frequently, many people and business owners can need extra money to deal with some financial troubles nearby. Consider applying for a quick and simply affordable loan online in these circumstances, when all other options for getting money have been explored. I will outline the best loan apps in Nigeria.

If a person merely needs a little loan for a short time, the application process for quick loans in Nigerian banks is drawn out and difficult. Online lending entrepreneurs are making it simple for businesses and individuals to acquire rapid loans when needed thanks to Nigeria’s Fintech revolution.

The top 10 mobile apps in Nigeria for personal and corporate loans are listed below.

10. KiaKia Loan App

With the help of the mobile web app KiaKia, you may apply for personal and small business loans and use intuitive discussions to borrow money from savers at agreed-upon rates.

Millions of people and SMEs without credit histories can get direct and peer-to-peer personal and business loans from KiaKia thanks to its proprietary credit score and credit risk assessment system, which uses psychometry, big data, machine learning, and digital forensics.

Click here to download

9. Lendigo

Lendigo is a SME loan company that provides simple, quick, and flexible access to working capital to Nigerian SMEs in accordance with their operational needs. This loan app offers company loans ranging from 100,000 Naira to one million Naira.

Even if your company isn’t registered, you may still apply for a loan with our Loan App on your smartphone, be approved, and have the money credited right to your bank account.

Click here to download

8. Quick check

Quick check loans are intended for single people who require small emergency finances. They give up to N30,000 for a start with a tenor between 15 and 30 days as of the time of this writing. Additionally, when you make on-time payments, your maximum loan amount becomes available.

Click here to download

7. Kwikmoney (formerly Migi)

One of the quickest and most well-liked mobile lending apps in Nigeria is Kwikmoney. The sim linked to your bank account is all you need to access the app. You can also use their application, online website, or USSD codes to apply for a loan.

Click here to download

6. OKash Loan App

Blue Ridge Microfinance Bank Limited offers the microlending platform OKash. If the conditions are met, it offers its registered users access to rapid loans without collateral. Loan amounts range from 3,000 to 500,000 Naira.

Loans are available 24/7 with OKash, and the full transaction is done online. Users may download OKash from Google Play, set up their loan account in a matter of seconds, choose their desired bank account, add their active bank card for repayment, complete a series of questions, and receive an instant verdict on their loan application.

Click here to download

5. Aella Loan App

Aella is developing online financing access platforms for people in Africa. The organization, which primarily specialized in employee financing and empowerment, was associated with Nigeria’s three major credit bureau companies to offer its clients quick, reasonable loans with no paperwork.

To assess a user’s creditworthiness, Aella Credit employs a unique credit score system. The algorithm evaluates a borrower’s eligibility for a loan by taking into account social and demographic aspects as well as their debt-to-income ratio. It was developed after the team gathered and analyzed market data for more than five years.

Click here to download

Read Also: How To Use Western Union: Send and Receive Money

4. Branch Loan App

You can apply for a loan at the branch and get a response within 20 minutes if you have your phone number and bank account information with you. Additionally, the app permits loans up to N200,000 or more as long as you repay prior loans on time.

Loan amounts range from 1,500 to 150,000 at Branch. The length of a loan is 4 to 64 weeks. Depending on the chosen loan choice, interest rates range from 14% to 28%, with an equal monthly payment of 1% to 21%.

Click here to download

3. PalmCredit

PalmCredit is a virtual credit card that makes it simple to get a loan at any time and anyplace. On your cell phone, Palmcredit provides loans up to $100,000 within minutes.

Obtaining a mobile loan with PalmCredit is simple. Take as many immediate loans as you need without additional approval after applying for your credit limit in just a few minutes. It’s a revolution in credit!
Your credit score is updated as soon as you make the repayment. Repay on time to see your N100,000 limit increase.

Click here to download

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2. Carbon (Formerly Paylater)

Carbon, formerly known as Paylater, is one of the greatest and most well-liked apps for getting a mobile loan in Nigeria. It has a straightforward layout that makes it simple to use, and the application process is less onerous, allowing you to apply at any time of day. So, with only a few bits of information, you might quickly find out the status of your loan application. In addition to loans, you may use the app to buy recharge cards and make utility bill payments. To get the app, you head to the official iOS app store or Google Play store.

Click here to download

1. FairMoney

To aid with pressing expenses, bills, company expenses, and more, FairMoney provides short-term loans. With our loan application, they provide access to loans at any time and anywhere in just five minutes.

Personal loans, student loans, business loans, and other loans are offered in FairMoney packages. They can offer all of our valued consumers a quick and effective lending app by making great use of technology.

Click here to download

Read Also: Lumos Loan App: Customer Care – How to Get Loan

List of the top loan apps for Android and iOS users in Nigeria

  1. FairMoney
  2. Carbon
  3. PalmCredit
  4. Branch
  5. Aella
  6. OKash
  7. Kwikmoney
  8. Quick check
  9. Lendigo
  10. KiaKia


Despite the fact that the majority of these platforms advertise rapid loans without any kind of security, it is wise to carefully review their Terms & Conditions (T&C) before submitting an application.

The interest rate and repayment time are further considerations. If you are a business, you should avoid taking out loans with a very short payback period unless you are absolutely certain that you will quickly recoup your costs.

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