10 Best Loan App in Nigeria; Their Features, Benefits

In this post, we review the 10 best loan app in Nigeria. These apps are available on Google Play Store and on Apple iOS store. If you need an instant loan, simply download these apps, follow on the on-screen instructions, read their terms and conditions and apply.

Isn’t it amazing to know that you can easily apply for a loan with your mobile device and have it approved within a short duration of time without encountering any difficulties?

There are numerous loan apps that grant instant loans to customers at little or no interest rate and with no documentation or collateral.

You can now have access to loan online as long as you have an android device with an Internet connection and the rest is a stroll in the park.

See Also: 11 Online Loans in Nigeria and their Requirements

The beauty of the loan apps is that you just have to download the app, fill the application form, meet up with the requirements and wait for approval which would not take long and your loan is sent to your bank account. Can’t you see it is that simple?

You don’t have to go through any stress anymore in applying for a loan which seems to be the modus operandi of most money lending financial institutions that ask for unnecessary documentation and with high-interest rates and what is most frustrating is that it takes weeks or even months before your loan is approved.

With the loan apps, you just have to sit in the comfort of your home and get the loan requested for as long as the requirements are met.

Why would you go and queue in a bank just to get a 10,000 naira loan when you can simply take out your mobile device and access the loan app on your device by downloading it from the Play Store and make your application without any hassle.

I have come to notice that most of the loan apps don’t only offer low-interest rates which is very nice but also offer monetary benefits to those who refer people to the app.

See Also: Borrowing Against Your Assets: How Collateral Loans Work

When you are in need of urgent cash loans to meet up with your day-to-day transactions, unforeseen expenditures and to invest in that small business idea, then your escape route is the mobile loan apps to put you out your financial distress.

The main purpose of this article is to mention 10 best loan apps in Nigeria; their features and benefits which i would get right into without any further delay.

10 Best Loan App In Nigeria; Their Features, Benefits

Below are the 10 best loan apps in Nigeria; their features and benefits in no order of superiority or importance.


Branch is one of the best loan app in Nigeria. This instant loan app is available in four countries which include Kenya, Tanzania, Nigeria and Mexico.

It makes it easy for you to access loans and you can borrow up to 200,000 naira and even as less as 1000 naira.

The term range for repayment is 4 to 40 weeks.

Interest rates:15% to 34%

It does not require collateral or any other documents.

Just visit the website and register and your loan would be immediately deposited in your bank account.

You can visit their website for more information

Website: or download the app.


This online loan app makes it easy for you to access loans via your mobile device anytime, anywhere for all your needs.

It is fast, secure and reliable.

Once a loan has been applied for and approved, loan is sent directly to your bank account via the fair money loan app.

The reward is given when the loan is paid back on time.

It uses your smartphone data including your SMS history to verify your identity.

It uses your smartphone data including your SMS history to verify your identity.

Credit limit :#1, 500 to #150, 000

Interest rates:10% to 30%

Loan duration: 4 to 24 weeks

Try their loan service today and you will not regret it.

See Also: 11 Places To Get Online Loans Without Collateral in Nigeria


Palmcredit is one of the best loan app in Nigeria. This online loan app grants instant loans.

It offers flexible loan products within minutes.

Credit limit range: #2000 to #100,000

Interest rate: 14% to 24%

Equivalent monthly interest: 4% ~ 4.7% Annual Percentage Rate (APR): 48% ~ 56% Loan duration: 91 days to 180 days.

To get a loan on this app, you have to register then get approval within 5 minutes and finally the loan is disbursed to your bank account.

The loan on this app is approved instantly.

No paperwork and collateral is required.

A bonus is awarded when you refer a friend.

You can earn up to #80, 000 on this app.

Repayment of a loan in time or completing tasks would build your credit limit and reduce the interest rate.

24/7 online service to help with any of your demands.

For more information visit credit or simply download the app from the Google play store.


This instant loan app provides short-term loans for urgent needs.

It gives you complete control over your finances.

It is currently available in Nigeria and Ghana.

It is fast, secure and reliable and works 24/7.

Requirements: An Android device, data connection, and a valid bank account.

Credit limit: #1, 500 – #1, 000,000

Interest rate: 5% monthly on the first loan.

After the first loan, other loans would attract an interest rate of 2 – 30% Loan duration: 60days to 6months.

Loans granted within minutes.

It requires no documents or collateral.

You can earn an interest of 16% by investing in their investment plan.

You can pay bills for all your favorite services such as GOTV, DSTV, Bet9ja.

You can pay bills for all your favorite services such as GOTV, DSTV, Bet9ja.

You can also transfer money to friends and families.

Loan application on this online platform is open to students, salary earners or self employed people as well as civil servants.

No hidden charges or late fees.

Rewards are given if loans are repaid on time, transactions are executed or friends are referred.

Rewards are in the form of larger loans, lower interest rates, and free cash.

For more information, you can download the app from the Google play store.

See Also: 21 Quick Loans without Collateral in Nigeria


Aella have one of the best loan app in Nigeria. This is yet another wonderful loan app that grants instant loans.

It enables employees to borrow at competitive & fair rates through their employers.

Loans can be accessed at any time and anywhere.

It uses a proprietary credit scoring algorithm to determine the creditworthiness of the users.

Requirements: Your name, employer ID number.

You can obtain a loan on this app when you sign up and follow the necessary steps.

Loans applied for are quickly sent to your bank account in less than 2 minutes. for more information or download the app.


This is yet another beneficial instant loan app in Nigeria that makes life easy and comfortable for you.

You don’t need to stress yourself thinking of medical bills, how to pay school fees or any other unexpected cash problems.

No collateral or documentation is needed.

Quick check grants you loan within 24hrs of application.

Requirements: smartphone and the quick check app.

It also gives you the opportunity of buying airtime for yourself and loved ones in a seamless manner.

It is secure, fast, and easy to use.

You can borrow up to 30,000 Naira with no hidden charges.

Interest can be paid for the number of days you take the loan at 1% daily.

You can apply for a loan on this lending platform by downloading the app to your device and then proceed to sign up or create an account.

After applying for a loan, a cash loan will be disbursed to your account within minutes if found eligible. For more information, you can check out their, website:


Money Pal is one of the best loan app in Nigeria. This mobile loan app is provided by Zedvance and grants customers access to loans without collateral.

It gives loans of up to #5 million anywhere, anytime with zero hidden charges.

Customers can enjoy loan tenors up to 24 months.

Customers can enjoy loan tenors up to 24 months.

Annual Percentage Rate (APR): 34.8% – 365%

To get a loan on this app, you click on “create account” on the app and proceed to provide relevant details.

One important thing to note when applying for a loan on this app is to use the phone number linked to your BVN to register and once your loan application is approved, the loan is sent to your bank account.


This is another instant mobile loan app that provides short-term loans in Nigeria to help cover unexpected expenses or urgent cash needs.

No collateral is required.

Loans applied for are sent straight to your bank account once approved.

It uses the data on your phone including your SMS history to verify your identity and create a credit score.

Duration: 2 to 6 months/ 91 – 180 days.

Interest rates: 4.5% to 34%.

APR: 29% – 365%.

Loans offered on this loan app ranges from #5, 000 – #100, 000.

No paperwork, mortgage or office access required.

Loans are available to people between the ages of 25 to 50.

To be granted a loan on this platform, you need to have a fixed-job.

To get a loan on this app, you have to create an account, apply for the loan, receive loan straight into your bank account.

You can increase your loan limit each time you repay your loan.

Download the app to know more.


This mobile loan app makes it easy and convenient for customers to access loans anytime, anywhere.

It does not require any collateral and it is only available in Nigeria.

No paperwork or office visits needed.

Loans can be used for personal or business.

Loan amount : #1, 500 – #200,000.

Loan duration: 4 – 24 weeks.

Interest rates: 15% – 34%.

You can get access to bigger loans at lower fees and flexible payment terms as you repay.

To get a loan on this loan app, you have to sign up and then proceed to sign in and then apply in seconds and receive your loan straight into your bank account.

UNIKCREDIT uses data on your phone including your SMS history to verify your identity.



This mobile loan app makes it easier for you to get funds from your peers.

It is free to register and the loan is approved quickly.

It is free to register and the loan is approved quickly.

Loan amount: #1000 – #100, 000

Loan duration: 91days – 120days

APR: 14%

The loan is granted to a person between the ages of 18 and above.

For more information download the app or contact them at email:


There are numerous loan apps available but the ones listed above are the best loan app in Nigeria and can give you a good experience without complaints.

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Cynthia Victor

Cynthia Victor is a Content Developer at InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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