If you’re looking for instant loan apps in Nigeria 2023, then in this article, am going to reveal to you top 5 instant loan apps in Nigeria 2023 which you can use to get instant loan access and of cause they are all of low stress and you can request for a loan from the comfort of your home as long as you have access to the internet.
There are some feature which people look into before they like or use a loan app such as the requirements the loan app requested for, information and most especially BVN, most users don’t want a loan app that ask for their BVN because of one or two security purpose, but then the listed below are instant loan apps in Nigeria 2023.
I also try as much as possible to fine direct download link to each of this instant loan apps in Nigeria 2023 so that you can find it more easier to download after checking on each of these loan features.
Top 5 instant loan apps in Nigeria 2023
1. TigerCredit
TigerCredit provides mobile loan services to customers in Nigeria.We’re here to help you get a loan that fits your lifestyle.
TigerCredit Loan Products
Eligibility:18 – 65 years old.
Loan period: we will require your repayment from 91 days to 180 days.
Loan amount: ₦ 5,000-₦ 500,000
Interest Rate: 0.5% to 3% monthly , APR 10%-35%,it depends on your credit evaluation.
For Example
If you choose a loan limit of ₦ 6,000.00 with a period of 360 days
The total interest must be paid: ₦ 6000.00 * 0.05% * 360 = ₦ 1080, monthly interest shall be paid: ₦ 6000.00 * 0.05% * 30 =₦90, monthly repayment bill including principle and interest shall be paid: ₦ 6000/12 + ₦ 90= ₦ 590, total repayment bill including principle and interest shall be paid: ₦ 6000.00 + ₦ 1080 =₦ 7080
How to apply for Tigercredit loan
1. Download and install the app.
2. Enter the required basic information.
3. Wait for the application result.
4. The loan amount will be sent to the bank account immediately.
Tigercredit Privacy Policy
User data is encrypted and stored on our servers for loan risk assessment and post-loan management only. We do not disclose or sell user data. Once the evaluation is complete, the data will be deleted from our servers.
Download Tigercredit APP and have the instant service now.
Tigercredit Contact us
Customer service email: [email protected]
Office: PLOT 110A, IDEJO STREET, VICTORIA ISLAND, LAGOS
2. PlentyCash
PlentyCash is giving out instant loan In just 5 minutes, apply for online mobile loans up to NGN 600,000. Use the Plenty Cash loan app to apply right away!
Get ready-to-use cash loans on your terms with low rates. Apply through plentycash safe app, and they will decide whether to approve you quickly or not. Select your own due date, and get paid in less than a day using the method of your choice. You might double your limitations in months if you repay promptly.
PlentyCash Rates and fees
- Credit limit amounts: NGN 3,000 to NGN 600,000
- Service fee: from 1% to 10%
- Interest rate: Maximum APR is 30% per year，0.41 to 2.5% per month
- Late fee: one-time fee of 3% of outstanding amount due
- Minimum repayment period offered = 91 days
- Maximum repayment period offered = 180 days
For Example:
4 months loan payment terms，the month interest is 2%. the service fee is 1%, For the loan processed with a principal amount of ₦6,000, the interest would be ₦ 6,000*2%*4=₦480, service fee would be ₦6,000*1%*4=₦240, the total amount due would be ₦6,720. Pay a monthly ₦1,680.
WHO CAN APPLY FOR LOAN ON PLENTYCASH
- Any resident Nigerian Citizen who is at least 18 years old.
- Has a mobile number and at least one legitimate applicant.
PLENTYCASH PRODUCT INPROVEMENT
We are constantly working to improve our products for customers. Please don’t hesitate to get in touch with us if you notice any offerings that are different from those mentioned above.
PLENTYCASH PRIVACY & AUTHORIZATION
Without your consent, we will never share your personal information with anybody else or sell your information to outside parties.
Download PlentyCash APP and have the instant service now.
PLENTYCASH CONTACT
Plentycash Email: [email protected]
Plentycash Customer service phone: 08168505208
Plentycash Address: 82 Alebiosu street, Ile epo bustop, Egbeda Lagos
3. SpeedLoan
Speedloan is another fast rising loan app in Nigeria that offer instant loan disbursment in Nigeria today to every individual in Nogeria who need an urgent loan to short out some bills and also to be able to meet an end meet of their choice.
SpeedLoan Rates and fees
Cash Loan Amount: ₦2,000 – ₦600,000
Cash Loan Term: 91 days (shortest, containing renewal time) – 365 days (longest, containing renewal time)
Interest rate: Maximum APR is 20% per year
Transaction fee: 0.1% to 0.35%
For Example:
If choosing a loan limit of 10,000 naira with a period of 120 days,
the total interest must be paid: ₦10,000*0.05%*120=₦600,
the total service fee must be paid: ₦10,000*0.3%=₦30,
monthly interest should be paid: ₦10,000*0.05%*30=₦150,
monthly repayment including principal and interest should be paid as
₦10,000/4+₦150=₦2650,
total repayment is ₦10,000+₦600+₦30=₦10630.00
Why SpeedLoan?
SpeedLoan offers a safe and fast online loan service that has been helping many customers from Nigeria while offering 7*24 approval cash loan service.
SpeedLoan Requirements:
- Must be Age 18- 60
- Must Have 1 government-issued ID
- Must have 1 valid bank account
- Must be Nigerian Resident
How to Get Your Loan With SpeedLoan?
- Download the SpeedLoan.
- Quickly complete the loan application form in the APP.
- Wait for fast evaluation.
- Choose your loan.
Download Speedloan APP and have the instant service now.
Speedloan Contact
Speedloan Phone number: 07017681069
Speedloan email: [email protected]
Speedloan Address:49 Balogun St, Lagos Island, Lagos, Nigeria
Please carefully read the terms and conditions in the Disclosure Statement before proceeding with any loan transaction.
4. iLoanPro
iLoanPro is another loan platform in Nigeria which offer 24 hours online verification, lending anytime, anywhere without waiting for a long time as long as users have access to the internet and download the app and use.
iLoanPro Loan Features
- Loan period: we will require your repayment from 91 days to 180 days.
- Loan amount: ₦ 5,000-₦ 500,000.
- Interest Rate: 0.5% to 3% monthly , APR 10%-36%,it depends on your credit evaluation.
- No any other hidden fee.
- Eligibility:18 – 65 years old.
For Example:
If you choose a loan limit of ₦ 6,000.00 with a period of 360 days to repay back the loan you take, the total interest must be paid: ₦ 6000.00 * 0.05% * 360 = ₦ 1080, monthly interest shall be paid: ₦ 6000.00 * 0.05% * 30 =₦90, monthly repayment bill including principle and interest shall be paid: ₦ 6000/12 + ₦ 90= ₦ 590, total repayment bill including principle and interest shall be paid: ₦ 6000.00 + ₦ 1080 =₦ 7080.
iLoanPro Loan process
- Register and verify
- Apply for a loan
- Get a loan
- Pay off your loan on time
- Reapply for a loan
iLoanPro Privacy
We think data security is a priority: we consider data security, So we have technical, physical, regulatory and legal mechanisms to protect your information. Such as Server High Computer Security Measures and SSL Certificate Secure Connection Ensure privacy and protect personal data from damage, loss, change, or unauthorized use, access, or processing.
iLoanPro Contact information
iLoanPro Email: [email protected]
iLoanPro Address: 292B Ajose Adeogun St, Victoria Island 106104, Lagos.
Download iLoanPro APP and have the instant service now.
5. SharpCash
SharpCash is very begineer friendly newly lunched loan app in Nigeria which serve every ordinary Nigerian customer to have access to qualified loan products on smart phones anytime. Money shouldn’t be a problem with SharpCash.
Requirements for SharpCash loan include
- Must be 18 years old or older
- Must be Residents of Nigeria
- Having a consistent source of income
How to APPLY for Sharpcash loan
- Install SharpCash.
- Sign up for an account using your phone number.
- Complete the required information.
- Submit the application.
- Wait for approval.
Advantages of SharpCash
- 100% online process and 24-hour access to loans: Customers can apply for a loan anytime, anywhere, and only with one mobile device.
- Loans are automatically reviewed by a computer; customers receive review results quickly, and after approval, the loan amount is transferred right away to the user’s bank account.
- A large initial loan amount and an extended loan term.
- No other fees and access available 24/7.
- Keeping all of your personal data secure.
SharpCash Product Features
1. Loans Amount: NGN 7,000 to NGN 200,000
2. Loan Tenure: 91 days ~ 365 days
3. The Annual Percentage Rate (APR) is 10%~25%
Please noted: Penalty is charged only when someone delays their scheduled payment.
For Example:
If the loan amount is ₦20,000 for 91 days (3 months), the APR is 20%, the interest and total amount to pay on the due date is
Interest: ₦ 20,000 * 20% / 365 * 91 = ₦ 997
Principal repayment = ₦20,000
Total amount of repayment: ₦20,000 + ₦997 = ₦20,997
As the repayment period is for 3 months:
Monthly repayment is ₦20,997 / 3 = ₦6,999
SharpCash Security
All the transactions are secured via a 256-bit SSL encryption. Customers’ information is surely safe with us. We won’t share customers’ data with any other third department.
Customer Service Email: [email protected]
Address: E7/757 Oluyoro Street oke ibadan, Nigeria, 200263.
Download Sharpcash APP and have the instant service now.
Conclusion on Instant loan apps in Nigeria 2023
With all the above listed instant loan apps in Nigeria, you can use any of them to request for your next loan and get it disbursed to your bank directly.
