Best Loan App in Nigeria: Aside from mounting concerns about their methods of loan collection, lending apps are here to stay in Nigeria. The rate at which Nigerians use them offers a little question that there are some advantages to using these apps.

10 Best Loan App in Nigeria


The Best Loan App in Nigeria

In fact, they are defying the odds by offering collateral-free loans, something traditional banks would not do.

The rapidity with which the loans are disbursed, the personalized repayment plans, and the lack of paperwork make lending apps the greatest option for Nigerians in need of quick cash. Keep reading!

10. EasyCredit

EasyCredit takes pride in being a safe, dependable, and online lending app in Nigeria. With over 1 million downloads as of Q2 2022, the app provides fast loans ranging from N3,000 to N100,000 with terms ranging from 91 to 365 days.

It has an interest rate of 0.1% to 1%, a one-time processing charge of N1,256 to N6,000, and a maximum annual percentage rate (APR) of 40%.

To download, CLICK HERE

9. New Credit

New credit, another rapid lending app in Nigeria, has over 1 million downloads. The personal loan app provides collateral-free loans of up to N300,000 to Nigerians.

The software analyzes prospective clients’ financial information, including bank transaction SMS on their phones and credit worthiness from other lenders, using Artificial Intelligence (AI).

To download, CLICK HERE

8. Aella Quick Loan App

Aella is one of the greatest immediate loan applications in Nigeria, ranking eighth on Clacified’s list of the top 10 best quick loan apps in Nigeria. Aella offers unsecured loans of up to 1,000,000 NGN.

Aella fast loan app provides loans ranging from 1500 to 1 million NGN at affordable interest rates ranging from 4-30% with no late loan payback costs.

It enables you to develop your creditworthiness via timely loan payback, allowing you to qualify for larger loan amounts and discounts.

You will receive cash back on the interest paid in return for prompt loan payback.

Loan payback durations at Aella vary by the borrower but often range between 1-3 months, depending on the borrower’s qualities.

How to Use the Aella Loan App to Get a Loan

  • Install by clicking on the installation icon above.
  • Create an account
  • Fill in all relevant fields with accurate and up-to-date information.
  • To find out how much you may borrow, click the Check Eligibility button.
  • Apply for a loan that suits your requirements.
  • Get money in your Aella Wallet.

To download, CLICK HERE

7. Umba Instant Loan App

Umba Instant Loan App

Umba is also a full-fledged mobile bank that makes loan decisions using a risk assessment tool. Umba, one of the top loan apps in Nigeria, is also one of the most secure loan apps in Nigeria, as it prioritizes user privacy and promises never to share user information with third parties.

Umba loans have a maximum period of 62 days and a minimum loan amount of 1,115 NGN and a maximum loan amount of 89,182 NGN. The maximum Annual Percentage Rate (APR) with no commission is 10%.

You may use your Umba loan to transfer money directly to your M-Pesa account, shops, and service providers.

How to Use the Umba instant App to Get a Loan

  • Install the using the installation button above:
  • Make an account
  • Within minutes, apply.
  • Receive an Umba Loan
  • When a loan is returned on time, your borrowing limit is increased.

To download, CLICK HERE


6. Okash Loan App

OKash quick loan app is one of the finest loan applications in Nigeria and is a micro-lending program powered by OPay. Borrowers under the age of 20 and those above the age of 55 are not eligible for loans using the Okash fast lending app.

OKash leverages information gathered from the user’s smartphone, such as phone characteristics and financial transaction messages, in addition to age, to produce a tailored credit score and pick the best loan offer for debtors.

Okash, Nigeria’s sixth best loan app, is one of the quickest lending applications in the country, crediting loans to Nigerians in minutes at a daily interest rate of 1.2% for a specified length of 15 days increment.

How to Use the Okash Instant App to Get a Loan

  • Using the Get App button above, install and use the OKash mobile app.
  • Find “loan” and start the loan application process.

To download, CLICK HERE

5. QuickCheck Loan App

Quickcheck is one of best loan app in Nigeria. QuickCheck immediate loan app is one of Nigeria’s finest quick loan applications, offering first-time app users loans of up to 10,000 NGN. QuickCheck is Clacified’s fifth best lending app in Nigeria.

QuickCheck is one of Nigeria’s most innovative lending apps, as it quickly evaluates loan applications using machine learning algorithms to estimate borrowers’ credit ratings and payback behavior.

To provide borrowers with the greatest levels of data security, the Quickcheck loan app is PCI DSS-compliant.

The most significant strength and benefit of utilizing the QuickCheck loan app is the interest rate. QuickCheck loan app provides one of the market’s lowest interest rates of 1% each day.

Note, that it takes over 24 hours to process a loan request. However, this makes it one of the least fast loan apps in Nigeria.

How to Use the QuickCheck App to Get a Loan

  • Using the GET APP button above, download the app from the Google Play Store.
  • Create a profile by enrolling in a Quickcheck account.
  • When you apply for a loan, Quickcheck will quickly check your credit score and use machine learning to verify your eligibility. If your request is approved, monies will be sent to your bank account within minutes.

To download, CLICK HERE

4. Carbon


Carbon is a digital financial service platform that offers personal loans, business loans, payments, cash transfers, credit scoring, savings, and investments. The Carbon loan application procedure usually takes less than 5 minutes.

Their interest rates range from 2% to 30%, depending on the loan payback length and the amount borrowed. The app had been downloaded over 1 million times as of Q2 2022.

How to Use the Carbon App to Get a Loan

  • Install the Carbon app from the Google Play or Apple App Store.
  • By providing your information, you will be one step closer to obtaining funding. It is safe and secure.
  • When you specify the amount you wish to borrow, Carbon will review your application and notify you of your eligibility.
  • Carbon will put the funds into your account as soon as they are approved.

To download, CLICK HERE

3. FairMoney 

FairMoney claims to provide quick loans in 5 minutes with no documentation or collateral necessary. Loan amounts differ depending on your smartphone data and repayment history.

Loan amounts range from N1,500 to N500,000, with payback terms ranging from 61 to 180 days and monthly interest rates ranging from 10% to 30%.

The app is without a doubt one of the most popular among Nigerians, having been downloaded 5 million times and counting.

How to Use the Fairmoney Instant App to Get a Loan

  • Using the installation buttons above, download and install the program.
  • To receive a loan offer, you must first register using the phone number associated with your BVN and answer a few questions.
  • If you agree, your loan will be approved and will be sent into your bank account of your choice directly.

To download, CLICK HERE

2. Palmcredit 

Although Palmcredit is behind Branch in terms of downloads, it is still one of Nigeria’s most popular lending applications.

According to the lending site, it can give a rapid loan of up to N300,000 in less than 3 minutes with no collateral. According to the platform, you can borrow between N2,000 and N300,000 for a quick loan, and if your documentation is complete and accurate, you will receive your disbursement within one business day.

On the Google Play Store, the app has been downloaded over 5 million times.

How to Use the Palmcredit Instant App to Get a Loan

  • Using the GET APP button above, download and install the Palmcredit loan app.
  • Launch the app and sign up for an account.
  • Fill in all of the essential fields and submit the form.
  • On the withdrawal page, you may input the amount you want to withdraw and how you want to pay it back.
  • To begin a withdrawal request, go to the withdrawal page and input the withdrawal amount and repayment method.
  • The platform will not lend until you apply.

To download, CLICK HERE

1. Branch Loan App

Branch Loan App

The branch loan app is one of the best instant loan apps in Nigeria for instant cash in 2022 and the most reputable based on customer feedback.

It is a financial lending app that allows people in Nigeria and a few other countries to get quick loans of up to 500,000, free money transfers, and investment yields of 20% per year.

You can apply through the Branch app and be approved in less than 24 hours. The branch does not charge late fees or rollover fees, nor do we limit how you spend your money, and our customer service team is available 24 hours a day, seven days a week.

If you’ve ever needed reliable loan apps in Nigeria for instant cash, this is one of them.

How to Use the Branch Loan Instant App to Get a Loan

  • Download Branch for Android from the Google Play store by clicking the icon above.
  • Please complete the short form and submit it for a quick examination in order to create your account.
  • When you apply for a loan, the money will be transferred immediately to your bank account or mobile money account within minutes.
  • Repay the loan with your smartphone and enhance your credit score to have access to larger loans in the future.

To download, CLICK HERE

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