Loan Apps that Gives More than N100,000 in Nigeria

Are you aware that there are mobile applications that can be used to access loans worth N100,000 and above in Nigeria? Do you have a smartphone and still confused on how to get such loan? If ‘yes’ then check out list loan apps in Nigeria that can give you up to N100,000. Also check out: CBN COVID19 Loan: Check your TCF loan application status.

The invention of smartphones has really helped in diverse ways. One of the areas where it’s uniqueness has played a major role is that of financial services.

Almost all financial institutions have a well built/improved mobile application that ease transaction that has to do with finance.

There are numerous loan applications that works just exactly the way they ought to work (i.e for loan purpose). These apps render small scale loans to clients who are in need of financial assistance.
Although, some persons who need loan that is above one hundred thousand naira (N100,000) still find it difficult to such loan, due to the fact that most financial apps doesn’t give more than one hundred thousand naira (N100,000).

Well, we have made deep research on all financial apps and came up with ones that offers loans above one hundred thousand naira (N100,000) in Nigeria.

Loan Apps that gives above N100,000 In Nigeria

The mobile apps that can offer such loans are;

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1. Carbon

Carbon is an application that offers loan to any class of person(s), it was previously known as Paylater. Carbon has two special packages which are available to salary earners and the general public (interested persons who does not necessarily need to have a job). The carbon application can also be used for other purposes aside loans, some of the other services the app offers are; recharge card purchase, bill payment etc.

2. Branch

This is one of the best apps in Nigeria that can offer a loan of one hundred thousand naira (N100,000) and above, without demanding for collateral.

Branch as a financial app, can give a maximum of two hundred thousand naira (N200,000), and a minimum of one thousand naira (N1,000) loan with just a little interest rate.

3. Aella Credit

Aella credit is a loan application that gives everyone free access to it’s platform, especially those in need of quick cash. Although it attends mostly to working class persons with stable income.

Before approving any amount of loan, they access your creditworthiness through an algorithm. It is more easier for them, as they work hand in hand with other bureau in the country.

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4. KiaKia

This is one of the quickest, easiest, and low stress financial mobile app in Nigeria. The word ‘KiaKia’ means fast in Yoruba dialet.

The terms of their loans is within a week to a month, and has vary interest rate depending on the nature of the loan to be collected.

5. Xcredit

Xcredit is a loan app that offers unique services to Nigerians, although not popular like the others.
Their packages are topnotch, and they give loans of five hundred thousand naira (N500,000) as the maximum loan amount, and two thousand naira (N2,000) as the minimum.

Xcredit doesn’t demand collateral before giving out loans, and one special offer from them is that you can have the loan up to five (5) months before paying back. But they will request for your bank account details, which is part of their requirements.

6. 9ja Cash

9ja cash is not also popular, it’s just like Xcredit that is not well known by Nigerians. But truth be told they have splendid offers for their customers.
With 9ja cash, you can gain access to loan worth three hundred thousand naira (N300,000) for a duration of 180days. Although their interest rate varies, but it is exorbitant due to the fact that it ranges from one percent to thirty-four percent.

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Aside these apps which are tested and trusted, others exist that offers one hundred thousand naira (N100,000) and below, they are; LendMe app, 9credit app, Sokoloan, and PalmCredit. They are trusted apps too, but we didn’t give details on them for the fact that their loan offer is now above one hundred thousand naira.

How to Apply for Loans above N100,000 in Nigeria

The procedure for the above listed apps are similar and simple. The steps to follow are;

  1. Get the application installed in your phone (you can easily download them from Google play store).
  2. Register on the app to enable you access the various packages.
  3. Apply for the preferred package you want, and wait for approval.

Note: Most of these apps starts a new user with a low amount, until after consecutive dealings.

The demand for loan is getting higher in Nigeria, and most persons barely knows that such platforms exist. Hence, we took our time to elucidate on the most reliable and trusted apps one can use for this purpose.

Don’t hesitate to share this post on other platforms, as it will be a great help to someone out there.

Updated: February 22, 2021 — 10:25 am

5 Comments

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  1. I’m interested when the program is ready thanks

  2. I’m interested when the program is ready thanks

  3. Plc inet a loan yusuf Ibrahim

  4. Telling me my money loan Thenka you

  5. Abdulrazak Abdulfatai

    They are telling me my BVN doesn’t exist ooooo nd which is the correct BVN am using

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