Top 20 Best Loan Apps In Nigeria

Loan Apps In Nigeria: Are you looking for a way to borrow money in Nigeria, whether you are employed, unemployed, a graduate, or just in need of money? Look no further, as this article will suggest to you the top 20 best loan apps in Nigeria that you can borrow funds from and pay back with little to no interest.

There are lots of new loan apps in nigeria currently at different rate where some are with minimal interest rate and some are not, i remember when people had to queue just to get 5 digit figure loans compare to now that there are lots of apps and online platform to loan money.

It’s not uncommon for the loan process to take a full calendar month. Now, however, with only a smartphone, an app, and an internet connection, you may receive a mobile loan to take care of your personal or company needs in minutes or as longer as 24 hours.

Rumour has it that there are loads of fake loan apps circulating the market in nigeria which i believe the nigeria government has did a nice job in making sure the loans apps is safe to use for every nigerians ,in order not to fall victim of this fake loan apps we have make this post about top 20 loan apps in nigeria which you can trust.

without wasting further more of your time lets talk about the top twenty best loan apps in nigeria right now.

Top 20 Loan App in Nigeria

  1. Aella Credit
  2. PalmCredit
  3. QuickCheck
  4. Alat
  5. Specta Loan App
  6. Okash
  7. Carbon Loan App
  8. P2Vest
  9. LCredit Loan App
  10. Fairmoney Loan App
  11. Branch Loan App
  12. JumiaPay
  13. Lydia
  14. Migo
  15. Page Financials
  16. Blocka Cash
  17. Kuda Loan
  18. Kredi Loan
  19. So Kash
  20. YesCredit Loan

Aella Credit

Aella Credit
Aella Credit

Aella Credit, another top Nigerian lending app, offers instant approval and loans of up to N1,000,000 with interest rates between 6% and 20% and terms between 1 and 3 months with no collateral or extension fees.

The app is available on the Playstore (Android) and the App Store (iOS), and further details may be found on Aella.



The fast loans of up to N300,000 that PalmCredit offers are quite attractive to many Nigerians.

It offers loans with terms between 91 and 180 days. The interest rate ranges from 14% to 24% per annum.

Thus, if you borrow 100,000 for a period of 6 months, you will be required to pay back 124,000.

You can learn more about PalmCredit loans by downloading the PalmCredit app from the Playstore, or by visiting any of PalmCredit’s social media pages.


Quickcredit loan
Quickcredit loan

Quickcheck’s mission is to help its customers achieve their financial and professional objectives.

First-time borrowers, however, have access to a shorter-term loan of only ₦10,000 for 30 days.

You can install the app from the Playstore, and if you want more info you can visit

Alat Loan

Alat by wema loan
Alat by wema loan

Instant loans are available through Alat by Wema, and neither bvn nor a trip to the bank are required.

While it is owned and operated by a bank, it does offer loans of up to ₦2,000,000 under specific conditions.

You can Download via Google Play or the App Store, the Alat app features relevant information.

Specta Loan

Specta loan
Specta loan

In the same way that Alat is controlled and operated by a financial institution, Sterling owns and manages Specta, and both of them enable instantaneous loans with no collateral, guarantor, or in-person bank visit being necessary.

Any person, regardless of their profession or banking affiliation, can qualify for a loan of up to NGN5,000,000.

The software is available on the Play Store, and it comes with a number of extra features that you could find useful. Explore our Specta Loan review for additional information.

Carbon Loan App

Carbon loan app
Carbon Loan App

Since its latest upgrade, Carbon has become a digital bank, and we hope it remains in Nigeria for a while, as it facilitates not just loan applications, but also investment decisions, money transfers, airtime top-ups, bill payments, and more.

The app is free and can be obtained from the Google Play store. Complete your Biodata and supply the required information, including your BVN, and a loan amount will be determined and approved for you based on the data you provide.

If you need to make a loan payment on or before the due date, you may do it easily by sending money from your bank account or utilizing the USSD feature inside the Carbon app.



One of the most well-liked P2P new loan applications in Nigeria is called P2Vest, and it provides borrowers with access to alternative lending options.

The P2Vest peer-to-peer lending network brings together qualified borrowers and lenders/investors seeking higher returns than they would receive from traditional financial vehicles like savings accounts or fixed deposits.

P2Vest’s business-to-business (B2B) loan platform, P2VFB, helps companies control their lending operations.

P2Vest may be downloaded for free on both the iPhone and the Android. A loan from this P2P loan network offers their loans anything from N5,000 to N2,000,000, with a term of 12 months.

Lcredit Loan

Lcredit loan app
Lcredit loan app

Depending on your age, monthly income, and amount of current debt, LCredit can provide you with an immediate online application for a personal loan of up to N50,000. For LCredit, all you need is an official BVN and an Android phone.

The LCredit lending app provides personal loans to both salaried and self-employed borrowers with interest rates starting at 11.99% and going up to a maximum of 36%.

LCredit may be downloaded on both the Android and iOS platforms.

Cashigo International Limited developed a service called LCredit.

Fairmoney Loan App


You can get a loan in a matter of minutes, top up your phone, and pay your bills all with your FairMoney app.

Simply provide your BVN and the phone number associated with it during registration (a one time password, OTP will be sent to the number you use to register the bvn for verification) All loan applications need you to give your contact information.

You may check out Fairmoney to learn more.

Branch Loan App

Branch Loan
Branch Loan

You may get a loan in Nigeria using an app called Branch, which is also accessible in other countries.

Depending on the branch, loan amounts might be anything from N1,000 to N200,000. This lender offers loans with interest rates between 3% and 21% per month and 15% and 34% per year, with no late or rollover penalties.

To use, get the app from the Play store, install it on your device, and launch it. Check out this review of Branch to learn more.

Okash Loan

Okash Loan app
Okash Loan

Do you remember the ubiquitous Opay app, where you could do anything from make purchases to top up your airtime to settle your debts and even reserve a ride? Okash is Opay’s sister company and was formerly bundled in with it as a payment option.

Okash is one of the stand-alone lending applications in Nigeria, meaning that it can be downloaded and installed independently of any other loan apps in Nigeria through the Playstore.

It allows you to borrow up to N50,000 with no collateral, however the actual loan amount you may get varies.

Check out Okash’s website if you’re interested in learning more about this online loan service.



JumiaPay, a service offered by Jumia, is the last of the Nigerian loan applications we’ll examine.

To apply for a fast loan, download the app from the Playstore, register, and then go to the ‘Financial Services’ section and hit ‘Loans.’

All the information you need may be found on the Jumia website.

Lidya Loan

lidya loan
lidya loan

When it comes to getting an immediate, secured internet loan in Nigeria, Lidya was one of the first lending applications to do so. This service provides companies with funding options between N500 and N50,000.

Lydia evaluates the creditworthiness of every company that applies for a loan. Credit scores are generated for each company based on this evaluation. When it comes to loan disbursement, Lydia can do it in a day or less.

Migo Loan App

migo loan app
migo loan app

Migo loan app, formerly known as Kwikmoney, is a widely used financial service in Nigeria. Borrow up to N500,000 on your mobile phone in Nigeria in under 2 minutes using Migo.

The amount of money borrowed from Migo has surpassed N40 billion. A Migo loan’s interest rate might range from 5% to 15%.

Page Financials

page financials
page financials

With approval from the Central Bank of Nigeria, Page Financials is able to provide borrowers with personal loans. The loan application procedure is said to be simple and the organization offers some leeway in the required paperwork.

Device: Apple iOS
Loan Amounts between N100,000 and N5,000,000
Rate of Interest: 3.76% APR ranges from 29% to 120% per year, charged on a monthly flat rate basis.
60-180 day loan terms are available.
Options for repayment include a manual process or an automated debit service.

Blocka cash

blocka cash
blocka cash

Borrowing money through Blocka Cash in Nigeria is quick and simple. You may get Blocka Cash from the Google Play Store or the iTunes App Store.

Depending on your credit history, the minimum amount you may borrow via Blocka for a short-term loan is N5,000, and the maximum is N50,000.

In determining whether or not to grant you a loan, Blocka Cash takes into account a wide variety of variables. Considerations such as how well a borrower has paid back loans in the past and their overall creditworthiness. 

James Crown Credit Limited, the company behind the Blocka Cash app, is authorized to operate as a money lender in Nigeria by the state of Ogun. The email address you use to get in touch with Blockacash is [email protected].

Kuda loan

kuda loan app
kuda loan app

With its convenient mobile app, Kuda Bank has quickly become one of Nigeria’s most used online financial institutions. Loans of up to N50,000 are available to Kuda customers at an interest rate of 0.3% per day.

However, the more you borrow using the Kuda app, the higher your loan amount might potentially be.

Kredi Loan

kredi loan app
kredi loan app

Another up-and-coming Nigerian digital bank, Kredi provides loans to locals. Kredi’s lending products include the Small and Medium Enterprise Loan, the Nano Loan, the Salary Backed Loan, and the Collateral Backed Loan.

With Kredi, the maximum loan amount is contingent on the customer tier you belong to and your credit history.

So Kash Loan

As far as we can tell, So Kash is a Nigerian lender that provides loans to both consumers and businesses. SoKash offers access to up to N1,000,000 in cash in as little as 2 hours. According to the developers, there are no covert costs associated with using this lending app.

This software checks your credit to see whether you qualify for a loan. To increase the likelihood of securing a loan from SoKash, it helps to have a high credit score.

You may also choose the length of time payments are spread out over on the SoKash app. EMA Finance developed the SoKash app.

YesCredit Loan

YesCredit is a lending app for the iPhone that provides access to small loans in Nigeria.

Typically, they provide loans between N5,000 and N50,000. You may get a YesCredit loan in as little as a few minutes, and after you have it, you can put the money straight into your wallet or bank account.

You may get a loan from YesCredit without providing collateral, guarantors, or any paperwork. Be sure you’re at least 21 years old. However, YesCredit may need additional paperwork if you want to borrow more than a set amount.

YesCredit comes from the Nigerian company YesCredit Limited, which holds a valid license to operate as a money lender from the state government of Lagos.
If you have any questions or comments for Yescredit, you may send them to [email protected].

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