April 2, 2024

With the rise in popularity of mobile phones and apps, it was only a matter of time before someone came up with the idea of a loan app. And that’s exactly what has happened in Nigeria.

Loan apps are now a thing in Nigeria and they are becoming increasingly popular. There are a number of reasons for this, but the main one is that they offer a quick and easy way to get a loan.

Another reason why loan apps are becoming popular is that they offer a more flexible way to repay the loan. With most apps, you can choose to repay the loan in weekly or monthly installments.

If you’re looking for a loan in Nigeria, then you should definitely consider using a loan app. Keep reading to learn more about the best loan apps in Nigeria!

Are you in any financial crisis or challenges and you need emergency online loan to salvage the situation? This article will help you to discover how and where you can get instant loan In nigeria without collateral via online.

Getting a loan this day has become so easy, especially with the introduction of various online loan apps in Nigeria, you can now comfortably sit in your houses and get an instant loan with the help of online loan apps.

What is online loan apps In Nigeria?

Online loan apps in Nigeria are mobile-designed apps online that give out loans to their customers without having to visit their physical offices or knowing them in person.

The presence of this innovation and development has killed the stress of visiting and queueing up in any physical building to seek a loan. It has equally reduced the risk of traveling to a far place just to get a loan.

These online loan apps are legally registered companies and they form part of loan organizations in Nigeria. So you have no reason to panic.

Loan apps in Nigeria

Before now, I have received a ton of messages asking questions like!

  • Which app gives loans instantly in Nigeria?
  • Which loan app Is reliable In Nigeria?
  • How do I get 24hrs loan in Nigeria?
  • Which is the best loan app in Nigeria?

In the course of this article, I’ll try to answer all the above questions. So sit back and read on.

Top 10 Instant online loan Apps In Nigeria 

1. Carbon loan App

2. Fairmoney loan app

3. Sokoloan App

4. Palmcredit loan App

5. Quich Check loan app

6. Branch loan

7. 9ja Cash loan

8. Easycredit loan

9. LCredit Loan App

10. Aella Credit loan app

Let’s briefly highlight on each of the above apps.

1. Carbon loan app. Carbon loan appIt’s no surprise that carbon loan (formally) known as paylater came first on the list of instant online loan apps in Nigeria, Their uniqueness and flexibility in Nigeria’s lending market earn them the spot.

Carbon loan was designed primarily to give out short and long-term loans to those who needs loan in Nigeria especially through online. You can equally use the carbon loan app to buy a recharge card and pay other bills at no extra cost.

Just like many others, my experience with the carbon loan app was a success and worth it.

Basic Requirement For Carbon Loan

  • A registered phone number
  • A working email address
  • BVN

With the above requirements, you can proceed to play store, download the carbon loan app and apply for your loan. One amazing thing about carbon loan is that you’ll only pay back 50% of the loan interest if you’re able to pay back the money you borrowed before the due date.

Their loan approval is so easy and quick. So if you’re looking for an emergency online loan in Nigeria, carbon loan is highly recommended.

2. Fairmoney loan app.Fairmoney loan appFairMoney loan app is one of the first and registered loan apps in Nigeria that offers quick loans to their customers to cater to their needs.

FairMoney was launched in 2017 by Laurin Hainy, Matthieu Gendreau, and Nicolas Berthozat. They developed an Android loan app that gave users access, individuals and professionals, to microloans in Nigeria. Their loans range from N1.500 to 500,000.

Requirement To Obtain Loan On Fairmoney

  • Registered phone Number
  • Bank Verification Number
  • Debit card

The Loan interests on FairMoney start at 5% and can grow up to 28% depending on how much you are borrowing.
Also, the duration for their loan start from 1 Month – 1 year.

If you pay back your loan before the due date on FairMoney, you’ll likely pay at a reduced interest rate.

To apply for a loan on Fairmoney. Simply Visit their website or use this guide on how to apply for loan on fairmoney to get your loan.

3. Sokoloan App. Sokoloan

Sokoloan is an instant online loan app in Nigeria and No 3rd on my list. Sokoloan is one of the mobile-designed apps that give 24hrs loans in Nigeria.

Sokoloan was established and released on 09/12/2018 primarily to give loans to people in need.

To register and apply for a loan, all you need to do is:

  • Download Sokoloan App
  • Enter the requested details
  • Complete the loan application form and apply

According to the information available on their website. Your details are safe with them – all information you provide is encrypted for your security and confidentiality.

So if you are looking for an online loan app that gives Loans in a minutes in Nigeria, just download sokoloan app and apply. It’s that easy.

4. Palmcredit loan App.Palmcredit loanAnother amazing loan app on my list of instant online loan apps in Nigeria is palmcredit. Palmcredit loan is a financial mobile designed app primarily to help give out loans to Nigerians online.

Palmcredit offers a flexible loan that is only available for people over 18 years or above.

How do I get an instant online loan from Palmcredit?

To get a loan on palmcredit. You must follow the below easy steps.

  1. Download Palmcredit loan apps on the google play store.
  2. Register and add all the necessary details.
  3. Submit your bank details and apply for a loan.

Isn’t that simple?

How can I repay a loan on Palmcredit?

After a period of 1 or 6 months, you might need to repay the Loan you collected.

To repay your loan on pamlcredit simply.

  • Login to the Palmcredit loan apps and select ‘my loans’.
  • Select the amount you want to repay. You can make the payment with your card.
  • Put in your card details and make payment.

How much can I borrow from palmcredit?

On pamlcredit. You can borrow as little as N2,000 and as much as N100,000 with a Loans Duration Between 30days to 180days.

What is the loan interest rate on Palmcedit?

According to the information made available on their web.
Palmcredit Loans Interest Rate ranges between 14% to 24%, Equivalent Monthly interest 4%~4.7%, the yearly Percentage Rate (APR) on a Palmcredit loan is in the range of 48%~56%

Example: If you have selected a 6-month loan and borrowed N100,000, Palmcredit charges an interest rate of 4.7% per month. Borrow Interest Rate: 24% and the APR is 56%. 180 days Repayments of 24,000. The total amount paid is N124,000.

5). Quick check loan appQuick check loanQuick Check is a mobile online loan app in Nigeria that specialized in given stress-free loans to its customers.

According to the information made available on their website, a new user can access up to N30,000 without collateral.
The quick check loan app has been rated one of the best loan app in Nigeria by users because of its flexibility and minimum interest rate.
So if you need an emergency loan to support your small business or personal needs, quick check loan is reliable and easy.

Quick Check Loan Requirements

Below are the basic requirements to get started with quick check loan.

  • Bank details.
  • Bvn (Bank Verification Number)
  • Working ATM card
  • Active Mobile Number
  • Personal Details
How much can I borrow on Quick Check?

As a user, you can access loan from 5,000 to 500,000

6). Branch Loan AppBranch loan appAnother loan app on my list of top 10 instant loan apps in Nigeria is the Branch loan app. Branch loan Is one of the leading personal finance loan apps in Nigeria that provides access to instant online loans with no physical documentation.

How Do I Get Loan From Branch?

  1. Download the Branch app. Use your Android phone to download Branch from the Google Play store.
  2. Create your account. Fill out a simple form in under 30 seconds and submit it for a quick review.
  3. Apply for a loan that meets your needs. Loans are conveniently sent to your mobile money or bank account in minutes.
  4. Receive the loan into your account. Repay with your mobile account.

Who Is The Owner Of Branch Loan?

The owner of branch loan is Matt Flannery. He’s Branch’s co-founder and CEO.

How Much Can I Borrow On Branch?

The amount to borrow on branch depends on your finances in your bank.

Their minimum loan amount is N1,500 and the maximum for a new customer is N150,000.

7). 9ja cash.9ja cashAnother reliable loan app on the list of the top 10 instant online loan app in Nigeria Is 9ja cash. 9ja cash loan is one of the most reliable loan apps in Nigeria established to give out loans to Nigerians without collateral. The process of obtaining loans from 9ja cash is simple.

How Do I Borrow Money From 9ja Cash?

  • Install the 9ja Cash APP;
  • Register an account;
  • Fill out your basic information and submit.
  • Apply in seconds.
  • Receive your loan in a minutes straight into your bank account;
  • Increase your loan limit each time you repay your loan early.
8). Easycredit loan app.Easy credit loanEasycredit is a secure, reliable, and free android mobile loan app in Nigeria that gives loans to its customers at a reduced interest rate.

On Easycredit. You borrow amount ranging from N3,000 N30,000 with the lending term: 91 days – 365 days.

9). LCredit loan.LCredit loanLCredit loan is another top loan Apps in Nigeria designed to render a lending service to those in need of emergency loan in Nigeria. The application is simple and easy, no endorsement or guarantor required.

As a new user on LCredit loan. You can borrow up to N10,000

How To Get LCredit Loan

To apply for online loan on LCredit app is simple and easy.

  • Install the LCredit APP from the Play Store.
  • Fill in all the necessary details.
  • Select the product you would like to apply for.
Below Are The Sample Of LCredit loans And Interest Rate.

LCredit loan

10). Aella Credit loan app.Aella credit loan appThe last online loan app on my list that you can get instant online loans in Nigeria from is the Aella Credit loan app. They have very good customer relations, and their costumer cares agencies are always ready to attend to you.

How To Get Loan On Aella Credit loan app.
  • Download Aella Credit loan apps on the google play store.
  • Register and add all the necessary details.
  • Submit your bank details and apply for a loan.
Question & Answer Sections 

QUES. Which app gives loans instantly in Nigeria?

ANS. From my research, all the above listed online loan apps give loans instAntly especially when you meet the requirements

QUES. Which loan app Is reliable In Nigeria?

ANS. All the loan apps on the list are reliable, however you can do more research on them to know the most reliable.

QUES. How do I get 24hrs loan in Nigeria?

ANS. Most of the apps gives 24hrs loAn in Nigeria even in midnight. But i’ll personally recommend carbon loan and Sokoloan if you want to have access to 24hrs loan In Nigeria.

QUES. Which is the best loan app in Nigeria?

ANS. All the apps on this list constitute the best loan apps in Nigeria. It all depends on your personal preference to make your choice.

PLS NOTE That the above Nigeria loan apps are being recommended based on research and feedback from users. So if you’ve any contrary mind regarding the list and want to air your view in support or against. You’re free to use the comment section.


The above are the list of the top 10 best loan apps in Nigeria where you can get instant and emergency loans in Nigeria. These apps are all legally registered and are available to give 24hrs loans in Nigeria or their customers as the case may be.

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