7 Trusted Loan Apps Currently Giving In Nigeria (Instant Loan)

Many people find this service to be very beneficial, however the rise of illegitimate internet loans is also alarming the public. So, through this page, we’ve created a list of official online loans.

Alternative sources of funding are becoming more common as the digital era develops, and they aren’t always limited to traditional service providers like banks.

A reasonably dependable solution could be to apply for credit or a loan online. Additionally to a quicker and simpler application process, digital credit services also provide simple access from a smartphone’s grip.

The answer may lie in online loan applications.

The process for obtaining an internet loan is more quicker and simpler than borrowing money from a bank, which is the reason.

There’s no need to travel far from home and stand in a huge line at the bank.

Through the smartphone application, the submission can be completed quickly and effortlessly, saving both time and effort.

Here is a list of Nigeria’s top mobile apps for personal loans and online business.

Currently, there are numerous options for online applications for cash loans that might support your urgent demands. As long as you utilize the best loan application that is secure and dependable, online loans have several advantages.

1. Kiakia Loan

A licensed non-banking financial technology company, KiaKia (a trading name of KiaKia Bits Ltd RC:799552) was established in 2016. KiaKia, a pioneer in Nigeria’s peer-to-peer lending industry, provides both secured and unsecured loans and takes part in well planned profit-sharing business deals. We concentrate our efforts on Micro, Small, and Medium-Sized Enterprises (MSMEs) that have enormous growth potential but lack access to established financial institutions’ funding.

Instant Loans from a Digital Bank, No Collateral Required.

Get up to $1 million in loans, a bank account with free transfers, a debit card for purchases, and more.

2. FairMoney

FairMoney is constructing the top mobile bank for developing economies.

We stand out due to our impact-focused mission and global reach (we have offices on three continents). We help underbanked people in emerging markets become financially included!

3. Paylater

Paylater launched version 2 of its mobile app in November, offering consumers short-term loans online. The most significant upgrade to Paylater v2 is Paylater Plus, which is available to wage workers.

It is quite simple to purchase as many items as you need or want right away with the help of this web application.

Benefits and features:

With the “buy now, pay later” option, you have a 14-day interest-free window starting from the day your order is placed. Numerous internet retailers accept payments.

4. Palmcredit

Apply for a quick loan with a convenient interest rate and flexible repayment terms.

Newedge Finance Limited (RC1585793), which owns Palmcredit, has a complete license from the CBN to operate as a finance firm in Nigeria. Palmcredit is recognized by CBN. 26-Apr-2022

5. Branch

With Branch, it’s simple for Nigerians to send money for free, acquire quick loans up to 500,000 Naira, and take advantage of 20% annual investment profits. Fill out our application in a matter of seconds to begin receiving exceptional value.

6. QuickCheck

Never again be bankrupt. No lengthy lines. No heavy paperwork. No lengthy waits. Just the QuickCheck App on your smartphone.

How come QuickCheck?

We predict the behavior of borrowers using machine learning, and we quickly assess loan applications.

We want to provide you with digital financial services that will help you achieve your personal and professional objectives.

7. Aella Credit

Aella loan app has a minimum loan amount of 1,500 and a maximum loan amount of 1,000,000. Each Aella loan increase is based on the borrower’s financial profile and payback history.

Online loans do, however, come with a variety of risks hidden behind their convenience.

There is a risk of fraud and interest is typically charged daily for these loans.

Online loans have been the subject of a lot of recent negative news.