Top 12 Best Instant Loan App In Nigeria 2021

best loan app in nigeria

The process of getting an Instant loan in Nigeria banks is quite  lengthy and required a lots of time dedication for those willing to access a quick, easily and affordable loan.

Thanks to the fintech companies in Nigeria, they’re trying all their possible best to make loan easy and quick to access online. 

In this article, I will reveal 12 best loan mobile apps in Nigeria to get and access quick and easy loan without stepping your foot in Nigeria banks.

 Top 12 best Instant loan apps in Nigeria

           Palm credit loan

           Carbon loan app (Pay later)

           Branch loan app

           Fair Money app


           Kwik Money  

           Credit ville

           Aella credit loan

           Quick Credit loan



           JumiaPay Loan


Palm Credit Loan

Palm credit is a loan app in Nigeria that provide easy and quick loan to its user on the app. Palm credit loan is available for those that are 18 years and above, with the loan range of N2,000 to N100,000. 
With palm credit, getting a mobile app loan is simple and easy, all you have to do is download the palm credit app on Google play store, Fill in your correct details, you can sign up using your facebook account or mobile number, and complete the registration to apply for loan. 

Carbon Loan App[Pay Later]

Carbon loan app is formally known as Pay later loan, its simple and affordable, entirely online lending platform that provide short term loan to it users. Pay later is fast loan lending platform, it provide quick loan to it user to help cover unexpected expenses or urgently cash needed.
At Pay later, you can get N500,000 loan without collateral, once your application is approved. loan is pay with in 1 to 3 business day, and when you are honest with paying back the loan, that will grant your access to request for more higher loan.
Carbon loan app[Pay later] currently offer two loan packages:
  1.  Pay later loan for individual
  2.  Pay later loan for salary earners
Carbon loan app also offer products like airtime top up, paying of utilities bills and other services on their app.
You can get the carbon app [Pay later] on Google play store or visit their website for more info about them.

Branch Loan App

Branch loan app is a seamless loan app in Nigeria and Kenya.
Within 20min, you can lend a loan in Branch loan app, its quite easy and quick right? This is how it works, just like any other loan app listed here, branch loan app does not required any collateral to get loan approved. All you need is your phone number, bank verification number and bank account number.
You can borrow loan with the minimum limit of N1,000 and maximum limit of N200,000 with low interest fees. Loan terms ranging from 4 – 64 weeks and the interest rate ranging from 14% to 28% with an 1% to 21%  equivalent monthly interest depending on choosing loan option.
Download branch loan app to access quick and instant loans.

Fair Money App

Fair Money loan app is the next on my list of best loan app in Nigeria. It cover short term loan to solve urgently financial problems. All you need to do is download the loan app on Google paly store, read and accept the terms and conditions attached to it, then apply for loan. repayment occur between a period of 15days to 1month.
Fair money offer packages like business loan, Personal loan, Education loan and other loans.
According to Fair money loan, ”with the effective use of technology, we’re able to provide a speedy and efficient loan app to all our esteemed customers”.
Aside from lending out  loan, fair money also offer airtime top up, paying of utilities bills, buying of data services on their app.

Kia Kia Loan

Kiakia loan mobile web is the most interesting part among all, why did I say that? This is the thing, Kiakia loan app allow savers to lend out of their funds at a negotiated interest rate through conversations with one of their agent. And Kia Kia is a yoruba terms which simply means quick and fast.
With Kiakia, you can access a personal and small business loan.
Kiakia implement psychometry, big data, machine learning and digital forensics for it proprietary credit scoring and credit risk assessment algorithm to provide direct and peered personal and business loans to millions of individuals and SMEs with no credit info. 
Kia Kia allow its user to borrow N10,000 to N200,000 limit whit the interest rate ranging from 5.6% to 24% depending on your credit score and the duration of the loan. All loan payback time are between 7 to 30 days.
visit their official website

Kwik Money Loan

Kwik money loan also known as Migo is among the best loan app in Nigeria. its sort out financial needs of individual by lending out loans. Kwik money lend out loans in two different ways, but before that, you will need to create account with your smart phone and your sim card that is registered with your bank account.
Here are the two methods to get Kwik money loan
#Method 1
  1. Dial *5561# on your mobile phone
  2. Select ”loan” then ”request loan”
  3. Select the loan amount you wish to required
  4. Enter your bank details
Then, after some minutes, you will be credited.
#Method 2
  1. Visis
  2. Input your phone number in the text box and verify it
  3. click ”check loan offer ” from the drop down menu
  4. Select the loan offer that suit your needs in the list offers displayed
  5. Enter your bank details and you will be credited within minutes.
In KwikMoney loan, all loans are payable within 14 days.

Credit Ville Loan

Credit Ville loans is a money lender that borrow customers money through their employer and the money will deducted from from their salaries. Credit ville can borrow you instant money in your bank account when you meet their requirement and documentations. 
No collateral and you can borrow up to N100,000
visit their website for more details about Credit ville loans.

Aella Credit Loan

Aella credit is a finance platform that makes it easy and simple for individual in Africa, especially Nigerians, to gain access to financing. The platform mainly focused on employee lending and empowerment.
Aella credit partner with three main credit bureau agencies in Nigeria to provide quick and affordable loans with no paper work to its customers.
Aella credits determine loan limit to lend her customer by proprietary credits score algorithm. They have a monthly interest rate ranging from 4% to 29% with a loan payback time of 30 to 60 days.
Download Aella  credit app from Google play store to get started.

Quick Credit Loans

Quick Credit loan app is a modern lending platform for personal and small businesses. According the platform, user can lend easy and quick loans of u to N30,000 without any collateral for a duration of 15 to 30 days.
The more loan you request and repay, the higher the limit of your credit score and gain higher access to higher amount.

GoCash Loan App

Go cash loan app is among the best loan mobile app in Nigeria, you will be able to get quick and online loan in Nigeria. To be able to use Gocash loan, you have to be a Nigerian that is minimum age of 20years and maxmum age of 55years, have a BVN and ATM card.
Gocash loan app give a repayment durations of 7 to 14 days.
visit their website for more info…

Renmoney Loan

Renmoney is one of the mobile app loan company in Nigeria that provides small business loans up to N4 millions. To qualify for Renmoney loan, your business must have a good income statement history and can bit off regular monthly earning for repayment.
The minimum loan amount you can request is N100,000 with the interest rate of 28% per month

Jumia Loan

Jumia loan is a quick cash loan that can be access on JumiaPay app. All you have to do is download the app on Google play store, go to finance section on the app, fill in your details and request for loan without colleteral. 
With no doubt, you have seen best loan mobile app in Nigeria that you can borrow money with ease. If you find this article helpful, please subscribe to this blog.
Here are the recap of best instant loan app in Nigeria
  1. Palm credit
  2. Carbon loan app
  3. Branch loan app
  4. Fair money app
  5. Kia kia
  6. Kwik money
  7. Credit ville
  8. Aella credit loan
  9. quick credit
  10. Gocash
  11. Renmoney
  12. JumiaPay loan

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