[Guaranteed!] 10 Mobile Loan Apps In Nigeria For Fast Loans

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These 8 quick loan apps in Nigeria is all you need to get quick online loans in Nigeria without collateral. Try these best loan app in Nigeria for fast cash

What if I told you that you can grab quick online loans in Nigeria instantly without collateral would you agree? Mobile loan apps in Nigeria and their loan sites can help you meet your personal loan or small business loans need.

Peer to peer lending in Nigeria is in vogue as online lending companies (I mean loan givers in Nigeria) are popping out to help students, employees and small business owners to grab fast cash loans.

Yes, student loans, car loans, personal loans, credit loan, business loan, emergency loan, just name it!

quick fast personal loans in Nigeria

Come to think of it, almost everyday we spend money to make money. In busy states like Rivers and Lagos, you’ll definitely need loans to pay bills, settle debts, etc.

How Can I Get 24hrs Loan In Nigeria? Guaranteed Loans

So, how can you get instant online loan in Nigeria in matter of 24 hours?

All you need is a smartphone, internet connection, install any of the best quick loan app in Nigeria I’ll share with you, a valid bank account number, and your BVN.

Loan Apps in Nigeria? Yes, I call it the 24hrs loan in Nigeria package on your smartphone.

Although micro finance banks lend money to people with stress involved, but with these 24hrs loan apps in Nigeria, you can borrow money online in maximum of 5 minutes once you’re setup!

Loan companies in Nigeria behind these platforms give you quick online loans without collateral;

  • No paper work
  • No charges
  • All for free with a friendly schedule for your loan repayment.

Now, let’s get to the real deal of the loan apps for fast loan in Nigeria.

Top 10 Best Loan Apps In Nigeria

Disclaimer: To borrow money online in Nigeria today is as easy as ABC, accessing credit facilities is less difficult than it used to be.

I definitely cannot give a list of all loan apps in Nigeria but have tried quite a few android loan app in Nigeria and I had smooth experience.

Still, you have to go through the terms and agreement of each of the loan apps in Nigeria that made it to the list.

This list of instant loan app in Nigeria information purposes only.

Most of these free loan websites give unsecured loans. An unsecured loan is a loan that is issued and supported only by the borrower’s creditworthiness, rather than by any type of collateral. … Borrowers must generally have high credit ratings to be approved for certain unsecured loans.

So, let me take you through each of the best instant loan app in Nigeria for surest loans in no time.

1. Paylater Loan App

Surprising but true! I wanted to test the services of these loan apps in Nigeria and I started with Paylater loans – the fastest loan app in Nigeria.

I got my first loan disbursed into my bank account in 3 minutes! Let me explain.

Paylater - loan apps in Nigeria without collateral
You can choose a 15 day or 30 day repayment schedule. Interest rates are 15% and 20% respectively, depending on your repayment plan

You’ll have to Download the Paylater Loan app on Playstore, install, start registration. This will include providing your names, date of birth, gender, email, type of residence, education, employment status, source of income, your bank details and bvn.

Once you’re done, you can now request a loan. Once you request a loan, you’ll be required to drop details of your Atm card. Why? Paylater needs this in order to receive your loan repayments on your due date.

That’s a sensitive information you’d say, so Paylater has taken all available precautions and secured their platform with world-class encryption and security technology to protect your data via Secure Socket Layer SSL.

That’s exactly what I did and I got my first loan in maximum of 5 minutes, disbursed into my account.

The best loan app in nigeria 2019 is PayLater and I’d call it the best student loan app in Nigeria.

For more information, you can visit the Paylater FAQs page on their website.

2. Branch Loan App Instant Online Loan in Nigeria

The next on the list of loan apps in Nigeria is Branch App for personal loans. Not quite long, I made a post about branch loan app in Nigeria for easy loans. You should check it out.

Branch International is leading has given over 100,000 loans and disbursed over 1 billion Naira in just over a year of operations.

It also has over a million downloads and rave reviews on the Google play store. Yes, Branch app is the second best loan app in Nigeria without collateral.

All you need to do is download the app, create an account, apply for the loan that matches your needs, receive loan into your bank account.

branch international - loan apps in Nigeria
Interest rate is 20%

Do you know what’s interesting? It takes a maximum of 60 seconds to create an account and you’ll be presented straight away with loan amounts that you qualify for as seen in the image above.

In my experience, it takes a maximum of 1 hour to receive money into your bank account immediately you select a loan amount.

Loan repayment spans across 4 weeks, where you have the option to pay certain amounts every week.

To me, I’d say Branch app is the easiest loan app in Nigeria.

For more information visit the official website of branch international.

3. Kiakia Online Loans in Nigeria

Another loan giving company is called Kiakia loans. It is another money emergency loan lending hub for businesses in Nigeria.

Have you got hot business ideas and want a fast loan to run the business? Kikia loans has got your back.

quick loans in Lagos - kiakia loan apps

Kiakia is a Yoruba language meaning “Fast fast”. The Kiakia loan app is for easy disbursement of funds to individuals and small medium enterprises without any credit information required.

If you’re looking for quick loans in Lagos hit Mr K at Kiakia loans. The interest rate? It ranges from 0.4% to 0.8% per day as seen in the image above.

For more information, visit the Kiakia official website for more information.

Also Read: Top 10 Nigerian bus transport companies for your travels 

4. Fair Money Loans

Talk about student loans at minimal rates, lowest business loan, or personal loans to be sent to you in just 5 minutes, then you also need fair money.

Fair money is one of the reliable loan apps in Nigeria providing credit and making funds readily available to all.

loan app in Nigeria - fair money student loan
The interest rate is between 15% – 30%.

All you need to do for fast and easy application process is download the app on your Google Play Store, receive your money (up to 40,0000 in your first request without collateral), repay between a period of 15 days and 1 month, or right after your salary entry date.

For more information, visit the official website of Fair Money to download Fair Money mobile loan app in Nigeria and you’ll have all you need.

You can also check out our post on Federal Government Trader Money Initiative for small petty traders to get loans.

Quick Loans in Nigeria Without Collateral

If you want to borrow money online, there are definitely more loan companies providing credit funding to individuals through loan apps in Nigeria.

Yes you can get loans in Nigeria without collateral and the Next is Snap credit.

5. QuickCheck Loan

On my list of loan giving apps in Nigeria, I have Quickcheck loan. QuickCheck is a Nigerian Fintech Startup that aims to provide banking services to the under-served.

borrow money online in Nigeria - QuickCheck app

According to this online loan site, borrowers can receive instant funds of 30,000 Naira without any collateral exchange. Interestingly their repayment period is either 15 days or 30 days.

QuickCheck money loan app in Nigeria use machine learning to predict user behavior and evaluate loan applications. For more information visit http://www.quickcheck.ng/

6. Snap Credit

Snap credit is another money loan app in Nigeria. If you’re thinking about acquiring a loan in Nigeria online, you can try out Snap Credit – regulated direct moneylender based in Lagos.

Fast cash loans - loan apps in Nigeria
Fast cash loans

Here’s how it all works; apply online either on your smartphone of PC, get your money sent into your bank account and when it comes to repayment, it is done by the employer in the form of monthly deductions from the employee’s salary.

For more information, visit SnapCredit via https://www.snapcredit.ng/Info/Contact

7. CreditVille

Another lending platform for fast money and quicker loan processing is CreditVille.

So, when it comes to quick loans in Nigeria, they’ve also made it to our list of online loan apps in Nigeria.

Creditville - Online loan apps in Nigeria interest rates
Creditville Loans rates are extremely low. As low as 5% to 6.5% interest

With CreditVille, you can access three categories of loans namely; cab lease loan (car loan via higher purchase with installment payments), business loans and payday loan (a loan for salary earners).

This mobile lending platform offers maximum online loan amount of #250,000 over a loan duration of 12 months. For more information visit CreditVille website.

Nigeria’s Best and Fast Loan Apps For Nigerians

You know what? Every of these loan platforms has one limitation or the other from a potential borrower standpoint; this means you have to go with the one that best suits you.

For example, on Palm credit, if you don’t make your loan repayment on the due date, funds to be repaid increases, but this is not the case on Paylater and Branch.

Asides the varying interest rates, Branch App doesn’t offer 15-day repayment schedule while Fair Money and Paylater do so.

So if you ask me which is Nigeria’s best and fast loan platform, first I’ll go with ones with cheapest loan apps (apps with lowest interest rate), and with terms and conditions that suit me the most.

So, let’s move to the last on the list of genuine loan apps in Nigeria.

8. Palm Credit For Emergency Loans

One of the latest loan app without collateral in Nigeria is Palm Credit. Once you download the palm credit app on Google Play Store, all you need to do is access the App with your phone number or Facebook.

quick loan apps in Nigeria palm credit

Palm credit is part of the Transsnet Financial group.Palm credit claims 2 minutes approval of your loan, 98% pass and 3 steps to apply and get your loan. You can also check other online loan websites here

9. Aella Credit

Aella Credit Another mobile loan app in Nigeria. Their loan site and app make Africans gain access to financing.

Aella credit targets employees and their lending empowerment programme is affiliated with credit bureau agencies to provide affordable loans without collateral to individuals.

Download Aella Creidt loan app on GooglePlay Store to get started.

10. Alat

Another money lender of quick cash is Alat. Alat is somewhat a digitized bank where you can get loans instantly with no paper work, no collateral, and the loan is disbursed in minutes.

Alat mobile money lender app in Nigeria

Alat loan as high as N200,000 can be credited into your account without any initial saving or collateral requirements.

Visit Alat website via www.alat.ng


Quick Loan Apps In Nigeria (Summary)

There you go, the list of top 9 best quick loan apps in Nigeria for loans without any collateral, no paperwork, and you have money in your account in minutes.

Please note that this list of legit guaranteed loan apps in Nigeria is based on personal thoughts (what I’ve tried out).

Getting a loan could be so easy and fast! Try Branch and receive the funds today. Unlock larger loans as you complete your loan payments.

All you have to do is download the android loan apps,  install,  create an Account,  apply and receive cash in 3 minutes.

Whatever you do, be sure to check out the terms and conditions of these mobile loan platforms in Nigeria.

Also, check the interest rate, payback period and repayment schedule to see if it suits you.

If you’ve tried any of these 10 top loan app in Nigeria, let’s have your comments, what’s your experience or difficulties you’re experiencing?

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1 COMMENT

  1. For the past one year I have registered for the free Grant and I have collected my certificate ,but I haven’t heard any further information?

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