Top 10 Best Loan Apps In Nigeria

Which are the most reliable loan apps in Nigeria to get funds right on your android smartphone or iOs?

Millions of Nigerians have lost all or part of their income because they can’t work most especially during this global pandemic.

In case you don’t have an emergency fund and are struggling to make ends meet don’t worry, you’re not alone in this financial stress.

Though economic impact payments from the government might help, you can look for other ways to borrow money for a short period of time.

In our recent posts on how to borrow money online in Nigeria, we’ve explained the six steps that will enable you to access funds on any of these loan apps in Nigeria to be listed shortly.

Personal loan apps are mobile tools designed to let you apply for a loan without ever setting your foot in a bank.

Never go broke again. No long queue. No bulky documents. Just your smartphone and you have your cool cash.

Top 9 Best Loan Apps In Nigeria For Online Lending

Here is a list of ten mobile loan apps popular in Nigeria.

Quick Disclaimer: Note that we’re not any of the loan apps listed here, Many have claimed that sokoloan, okash, kash kash, and some others are fake loan apps. The information provided is for information purposes and personal opinion based on what we’ve tried with the app

1. Carbon Loan App

Loan apps in Nigeria - Carbon loan app

Carbon formally called PayLater is the first on the list of best loan apps in Nigeria.

It is a simple, entirely online lending platform that provides short-term loans to help cover unexpected expenses or urgent cash needs.

With just an Android device and basic requirements, you can apply for a Paylater loan 24 hours a day, 7 days a week with a quick application process that lets you know your status within minutes.

Carbon app currently offer two loan packages:

  • Pay later (loans available to all) and Pay later plus (loans for salary earners).
  • Pay later platform also allows you to make payments for recharge cards, bills including your NEPA bill and other services.

Like any instant online loan, you do not need any sort of documentation or collateral to apply and get approved, except an android phone to download and use the app, and a means of identification, with these, you are set to go.

You can get the carbon app from the play store or visit their official website to know more about Carbon (PayLater).

2. Fair Money App

Loan apps in Nigeria - Fair Money

Fair money app is the second among the best loan apps in Nigeria due to their good service.

All you need to do for a fast and easy application process is to download the app on your Google Play Store, receive your money (without collateral), repay between a period of 15 days or 1 month.

You should know that there will be some terms and conditions attached, so make sure you check that before you apply for the loan.

Apart from giving out of loans, Fair Money also offers the airtime recharge and paying of bills services on their app.

3. Palm Credit App

Palm credit app

Another app for loans in Nigeria is the Palm credit app. Palm credit is basically an android app that provides loans to users of the app.

It is very easy and quick. Palm credit loan is limited to individuals that are 18 years and above, and the loan amount is within the range of #2,000 to #100,000

With just a few steps then you have everything in your control to get the loan you want.

All you need to do is download the Palm Credit App on Google Play store, fill in your details, you can sign up using your phone number or your Facebook account, and you will be able to complete the registration in few minutes.

Also, Plamcredit gives reward offers for referring people to Palm credit. Isn’t that amazing?

4. Branch Loan App

Branch app

The next on my list of best loan apps in Nigeria is the Branch app. Borrowing money from a Branch loan is very easy and can be done within 20 minutes, or even less. 

Just like the other loan app listed here, Branch does not require any collateral to get loans. All you need to get a loan is your phone number or Facebook account, bank verification number, and bank account number.

You can borrow loan as low as #1,000 and as high as #200, 000 from the Branch loan app and with little interest.

Go ahead to download the Branch App on Google Play store, fill in your personal and bank details to receive your loans.

You will see a loan offer on the dashboard, you need to first use this, so you can see higher loan offers.

5. Kwikmoney (Migo)

Kwikmoney Migo App

Kwikmoney is also among mobile loan apps in Nigeria. It bridges the gap between you and your needs by making loans readily available.

The only thing you need is your Smartphone and your SIM registered to your bank account.

Here are two methods to get a kwikmoney loan

Method 1

  • Dial *561# on your mobile phone.
  • Select ‘Loans” and then “Request Loan”
  • Select the loan amount you require
  • Enter your bank details and within seconds your account will be credited

Method 2

  • Visit
  • Input your phone number in the text box
  • You will receive a verification code on your mobile phone, input the code in the text box provided
  • Click “Check Loan Offer” from the menu displayed
  • Select the loan amount you require from the list of offers displayed
  • Enter your bank details and within seconds your account will be credited.
  • All loans are payable within 14 days.

6. Quick Check

Quick Check Cash Loan for Nigerians

Quick Check is a modern lending platform that can never be left out on my list of loan apps for Nigerians, either for individual or small businesses.

According to the platform, users can access quick loans of up to #30,000  without any collateral for a duration of either 15 or 30 days.

The more loans you take and repay on time, the higher your credit score and you gain access to even higher amounts! It’s definitely one of the best loan apps in Nigeria

Don’t forget to download Quick check app on play store

7. AellaCredit

Aella credit loans

Next on my list of loan apps in Nigeria is Aella credit. It offers loans from #1,500 up to #90,000 with zero late fees, unlike other loan companies.

They have a monthly interest rate in the range of 4% – 29% with a loan tenure of 30–60 days.

How to Apply for Aella credit Loan in Nigeria:

Download the Aella Credit app from Play store, fill in your details, you will take a selfie and set your pin, with this you are good to go.

If you pay up your loan offer on time without being late, you will be granted access to a higher loan when next you are applying for a loan.

8. Kia Kia Loans


Kia kia in Yoruba language means quick and fast. Kia Kia is one of the best loan Apps in Nigeria because it is faster and easier.

One of Nigeria’s pioneer digital lenders and also the leading peer-to-peer marketplace, KiaKia offers secured and unsecured loans and also participates in well-structured profit-sharing business transactions.

They focus their efforts mostly on Micro, Small, and Medium Enterprises with huge growth potentials, with no access to credit from traditional financial institutions.

9. Credit Ville

Credit ville online loan apps in Nigeria

Credit Ville is an online moneylender that provides Payroll based consumer loans to eligible individuals through their employer.

The amount borrowed is then deducted from their monthly salary.

Credit Ville can provide an urgent or emergency loan quickly in your account after meeting the necessary conditions and documentation.

You can get loan offers between #100,000 or more at Credit Ville for up to 18 months without collateral to be able to meet their financial needs. Just visit their site for more details

Top Loan Apps In Nigeria

Here’s a quick recap of the 9 most reliable loan apps in Nigeria:

  • Carbon Loan App
  • Fair Money App
  • Palm Credit App
  • Branch Loan App
  • Kwikmoney App
  • Quick Check
  • Aella Credit
  • KiaKia Loan
  • Credit Ville

Life isn’t about living without a problem, Life is about solving problems. If only you have a hammer you tend to see every problem as a nail.

Disclaimer: Please make sure you read and understand the terms and conditions before applying for any of these loans.

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  1. dis people are 419 dey will deduct money from ur account and dey will not give you anything dey will now carry u to another thing

  2. Even if I will agree for every others, not sokoloan!
    They are worst with interest and worst with customer service and worst in…..infact, they are worst in everything!!!


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