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List Of 8 Best Loan App in Nigeria For Quick Loans

This article will guide you through the list of the Best Loan App in Nigeria, their requirements, loan duration and amount. Read along...

by Eniola Samuel
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Best Loan App in Nigeria.

There are lots of loan apps to install for fast loans but it is hard to find genuine and fast ones for quick loans and that’s why we bring you the best loan app in Nigeria.

One of the reasons you be in need of the best loan app in Nigeria is the situation of cash shortage when there are things you need to do with money (Food, Rent, Bills, and others).

This might come to you as a shock when you hear that some apps do take advantage of your personal details (phone number, ID, and passport) for shady activities.

Some of these loan providers give you a loan and give you high interest in return, we’ve seen someone who collected a loan of N10,000 from one loan shark company for the duration of 7 days to pay back interest of N5,000, totals N15,000 which is ridiculous.

Part of these loan sharks takes advantage of those in need of a quick loan and then make them agree to their terms and conditions to use forceful acts on them when they fail to repay.

So as to not fall into the trap of these loan sharks that go on social media networks to defame those who default on their loan because of the high-interest rate, you should always go for certified loan providers (Fintech loan companies).

Without wasting much of your time, let’s get to the list of the best loan app in Nigeria you can use to get personal and business loans.

Best Loan App in Nigeria

Below is the list of the Best Loan App in Nigeria to use for secured loans:

1. PayLater (Carbon)


Paylater best loan app in Nigeria

Paylater is one Best Loan App in Nigeria that offers easy and secured loans to its users, the aim of the online lending platform is to offer short-term loans to individuals and small businesses in Nigeria alike.

Using Paylater (Carbon) loan services, you can easily solve your financial problems by taking a loan based on your current needs depending on your credit score.

When you experience unexpected expenses in your small business, you can easily secure a loan with ease of mind.

Talking about Paylater loan amount, you can access up to N500,000 Naira loan without any collateral. All you have to do is apply for a loan with your personal detail (Name, Email, BVN, ID, Phone number, and others)

Your loan is reviewed within a day or two from the day of submission and you get a response (Granted or Rejected based on your credit score)  and the money is deposited into your attached bank account promptly after being granted a loan.

Apart from loan offers, you can use the app to pay your bills, recharge, and other things as an investment which gives you up to 15.5% interest p.a.

Download the Carbon App to access all the loan offers and enjoy investments with your deposits with one of the Best Loan App in Nigeria.

2. Branch

Branch loan

Branch is a loan app that offers simple yet complete loan offers made swiftly for the use of its Nigerian and Kenya users. The loan app is one of the quickest and easiest loan apps to access quick loans in Nigeria and Kenya.

Whenever you are short on cash, you can easily access a loan offer by using the Branch App which offers different sets of loan offers.

Branch App loans range from N1,500 to N150,000 depending on your credit score. The app loan terms range from 4 to 64 weeks and its interest ranges from 14% to 28% which equals the monthly interest of 1% to 21% depending on your loan selection.

Download the Branch app from Google Play Store or iOS to enjoy the benefits.

3. PalmCredit

palmcredit best loan app in Nigeria

Palmcredit is one of the best Loan App in Nigeria that offers swift loans to people who are in dire need of a helping in their financial crisis. The loan app is easy and swift to use when trying to secure an emergency loan.

You can easily get a loan from Palmcredit as long as you meet the requirements and have a good credit score.

Palmcredit mobile loan ranges from N3,000 to N150,000 depending on your personal credit score, you can apply for a loan and a loan decision will be made immediately.

To get started, start by installing the Palmcredit loan app and then click on Apply for Credit Limit. After that, your loan will be made almost immediately (it takes less than a minute).

After that, you wait for a loan decision (Granted or Rejected based on different scores), if the loan is approved, you will receive your loan via your attached bank account within 5 minutes,

You can easily grow your loan limit by repaying your existing loan timely to boost your chance for a higher loan amount in the future, this also helps positively improve your credit score.

Download the Palmcredit App and register for an account to apply for a loan instantly.

4. Aella Credit

Aella Credit

Aella Credit is a loan app that makes it easy for individuals and small business owners to access loan offers not only in Nigeria but in Africa entirely. The loan app is focused on creating a sustainable stream for people who need emergency cash and money to grow their businesses.

This is one of the largest loan companies in Nigeria which offer different kinds of loan to individuals, business owners, and salaried individuals alike.

The loan company works with the Credit Bureau to make loan access easier for all individuals with the use of quick credit score checks and credit value to determine the loan amount.

With this app, you can instantly apply for a loan and have it deposited into your attached bank account within minutes of approval.

First, download the Aella Credit App on Google Play Store or iOS Store with one of the Best Loan App in Nigeria.

Read Also: Bamboo Investment App: How to Get Started and Earn

5. QuickCheck

QuickCheck best loan app in Nigeria

QuickCheck is one of the Best Loan App in Nigeria that makes loan access completely easy, the loan app is easy and transparent to use. You don’t need to provide guarantors, collateral, or fill any long forms, all process is simple.

With this app you can access loan offers easily as long as you meet their requirements, and fewer requirements are needed when compared to other lending companies out there.

QuickCheck loan offers range from N5,000 to N100,000 and its interest is from 2% to 30% which results in 1% to 21%, loan repayments duration is from 30 days to 60 days which is better.

To enjoy the loan offers from QuickCheck, you are to download the QuickCheck app via Google Play Store or IOS Store.

6. FairMoney

Fairmoney best loan app in Nigeria

FairMoney is a large loan app that is known as the source for quick loans that can serve as a helping hand to curb urgent needs, bills, business investments, and others.

The FairMoney loan app currently offers the following loan categories; personal loan, health loan, rent loan, business, education loan among others.

One of the qualities of the loan app is that it is swift in the loan decision-making process, it fetches your loan value within minutes with the use of your information for accurate loan amount decisions.

FairMoney loan amount ranges from N1,500 to N1,000,000 which is great, the interest rate is from 2.5% to 30% per month (APRs from 30% to 260%) and its current loan duration ranges from 30 days to 18 months depending on the loan amount.

Download the FairMoney loan app from Google Play Store or iOS Store to enjoy the loan offers.

Quick Read: Loans for Salary Earners in Nigeria – Best To Apply For

7. Renmoney

Renmoney Loan

Renmoney is one of the best loan app in Nigeria which offers quick and large loans to individuals and business owners alike. The remoney loan app is easy and fast to use as it makes use of a simple UI interface carefully designed to help users get loans in minutes.

With the app you can easily get loans in the following categories; home renovating loan, business loan, rent loan, education loan, health loan, and others.

Renmoney app loan offers amounts ranging from N10,000 to 24 million Naira and the loan repayment duration is 1 month to 24 months.

Download the Remoney loan app to enjoy exclusive loan offers via Google Play Store or iOS Store with another Best Loan App in Nigeria.

8. KiaKia

KiaKia Loan

KiaKia is an online mobile app that offers fast loans in a few clicks with the use of your credit score and other requirements. The web app is best known for its quick and automated loan determination and disbursement upon approval.

You can use the KiaKia web app to apply for loans and get the cash in minutes upon approval.

All you have to do is visit the KiaKia Loan Web App easily and apply through its portal.


As you might have noticed, we do have quite a few loan apps with which you can apply for loans in Nigeria. The above are the best loan app in Nigeria to use for fast and secured loans while keeping away from loan sharks.

Before applying for a loan with any of the listed loan apps, make sure you decide the best one for your loan needs and read their terms and conditions right so as to avoid future complications.

I hope you find the list helpful, kindly share the post with those that might find it helpful too, because sharing is caring.

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