9 Best Loan Apps In Nigeria 2023

9 Best Loan Apps In Nigeria 2023

cropped Screenshot 6

If you need cash fast, look no further than this list of the top 9 best loan apps in Nigeria. You can apply for one of these loans from using your Android or iOS smartphone and some of these loan platform also have their official website where you can also find it more easier to apply for loan.

Why would anyone need a quick loan?

Is a question that could be asked. Due to the global pandemic, many Nigerians have lost all or part of their income, making it difficult to make ends meet and pay the bills.

87 WAYS EDITED scaled

Don’t panic if you don’t have an emergency fund and are having trouble making ends meet.

List of loan app without BVN in Nigeria

Economic impact payments from the government are one source of funding, but there are other options, such as short-term loans available online at reasonable interest rates and terms.


Obtaining funds through any of the lending apps in Nigeria that will be discussed below was broken down into six easy steps in one of our previous articles.

To get started, it’s recommended that you research the top loan apps in Nigeria, which can get you a loan the very same day you apply, even if you don’t have any kind of collateral and are currently unemployed.

You’ll need a smartphone to access the loan apps I’m about to describe (phone, tablet, etc.). This is a refreshing departure from the norm because it means no massive files need to be transferred. With just your phone, you can get a cash advance in Nigeria.

Screenshot 3

This article give more insight on the 9 Best Loan Apps In Nigeria 2023.

1. KiaKia Loans

Kiakia loan platform means “quick and fast” in Yoruba. Due to its convenience and speed, Kia Kia has become one of the most popular loan apps in Nigeria.

KiaKia is one of the first online loan providers in Nigeria and the country’s most popular P2P marketplace. It provides both secured and unsecured loans and takes part in well-structured profit-sharing business transactions.

The majority of their efforts are directed toward helping MSMEs (micro, small, and medium-sized businesses) that have significant but limited access to credit from more conventional lenders.

2. Carbon Loan App

When it comes to loan apps, Nigerians recommend Carbon as it’s one of the top trending loan platform in Nigeria and some other supported Africa country which is also (formerly known as PayLater) first.

It’s a quick and easy way to get a loan over the internet for small amounts of money to take care of unexpected costs or pressing financial issues.

If you have an Android device and meet Paylater’s minimal requirements, you can apply for a loan at any time of day or night and find out your approval status in a matter of minutes.

To date, Carbon has two loan options available:

Pay later (loans available to all) and Pay later plus (loans for salary earners).

Pay later platform also allows you to make payments for recharge cards, bills including your NEPA bill and other services.

To apply for and get approved for this instant online loan, all you need is access to the internet, an Android phone, and some form of identification. You should be good to go with these.

Find out more about Carbon by downloading their app from the Google Play store, or by going to their website (PayLater).

3. Fair Money App

Fair Money is the third best loan app in Nigeria because of how well it serves its customers and the app as gain ground if you check through Google store.

Download the app from the Google Play Store, fill out a brief application, and get your money (without pledging any collateral) in as little as 15 days or a month.

Before applying for the loan, you should know that there are conditions and requirements that must be met.

The Fair Money app does more than just lend money; it also lets you top off your phone and pay your bills.

4. PalmCredit App

Palmcredit is another loan application available in Nigeria which also have lot of feature and i call it app with more than just a loan. Palm credit is a loan platform that gives borrowers access to loans.

This is a quick and simple process. Palm Credit Loans are only available to adults (18+) and can be for amounts between #2,000 and #100,000.

You can take charge of your loan application and ensure you get the money you need with just a few simple actions.

You can quickly and easily sign up for Palm Credit by downloading the app from the Google Play store, filling in your details, and either using your phone number or your Facebook account.

In addition, referring friends to Palm Credit can earn you a reward. Wow, that’s incredible, right?

People That read this post also check mama credit review

5. Branch Loan App

My fifth choice for the best loan app in Nigeria is the Branch app. With the Branch loan App, you can get a loan in as little as 10 minutes.

Similarly to the aforementioned loan apps, Branch does not require borrowers to put up any sort of security in order to secure a loan. All that is required to get a loan is your phone number or Facebook account, along with your bank verification number and account information.

Borrow between #1,000 and #200,000 with the Branch loan app, and enjoy competitive rates of interest.

Borrowing funds is as easy as downloading the Branch app from the Google Play Store and filling out some basic personal and financial details.

You’ll find a loan offer on your dashboard; taking advantage of this one is mandatory before you can access better loan deals.

6. Kwikmoney (Migo)

One other Nigerian mobile loan app is Kwikmoney. Having access to readily available loans helps bridge the gap between wants and needs.

All you need is a bank account, registered SIM card for your smartphone and make sure you’re above 18 years of age.

You can get a kwikmoney loan in one of two ways:

Method 1

Simply enter *561# into your phone’s keypad.
To apply for a loan, go to “Loans” and then “Request Loan.”
Please choose the desired loan amount.
Simply enter your banking information, and the funds will be deposited into your account instantly.

Method 2

To learn more about KwikMoney, please go to https://kwikmoney.
Please enter your contact information in the box below.
A verification code will be sent to your mobile device; please enter this code in the space provided.
To verify the loan offer, select it from the drop-down menu and click “Check Loan Offer.”
From the displayed loan options, choose the one that best suits your needs.
Just by entering your banking information, your account will be instantly credited.
There is a 14-day grace period on all loans.

7. QuickCheck

As a cutting-edge lending platform, Quick Check is always at the top of my recommended loan apps for Nigerians.

The website claims its users have access to short-term loans of up to £30,000 for 15 or 30 days with no collateral required.

Taking out loans and making timely payments improves your credit score, allowing you to borrow larger sums at lower interest rates. Undoubtedly, it ranks among the top loan apps in Nigeria.

Don’t forget to download Quick check app on play store.

8. Aella Credit

In Nigeria, Aella credit is the next app on my list for getting a loan. Contrary to most other loan providers, it does not charge any late fees on loans between #1,500 and #90,000.

The loan terms are between 30 and 60 days, and the monthly interest rate can be anywhere from 4% to 29%.

Aella Credit Loan Application Procedure in Nigeria:

Just by installing the Aella Credit app from the Google Play store and entering your personal information, as well as taking a selfie and choosing a PIN, you will be able to use the service.

If you make your loan payments on time, you may be eligible for a larger loan the next time you apply.

9. Credit Ville

Payroll-based consumer loans are available from Credit Ville, an online moneylender. Eligible borrowers can apply through their employer.

Once they borrow money, it will be taken out of their paycheck every month until it is paid back.

After you’ve fulfilled the requirements and provided the necessary paperwork, Credit Ville can deposit your emergency loan quickly into your account.

Credit Ville offers unsecured loans of up to #30,000 for 18 months to those in need of #100,000 or more. To learn more, go to their website.

Conclusion on 9 best loan apps in Nigeria 2023

If you’re considering of getting a loan in Nigeria this year 2023 and you literally don’t know the loan platform you should try, then you can check out one of the above listed loan platform in Nigeria which of course they all have different terms and conditions but slightly different between and they all give every businesses or individual loan within s short period of time.

Leave a Reply