Top 10 Best Loan Apps in Nigeria (2022)

This post will discuss the top ten Best Loan Apps in Nigeria. If you’ve ever wondered how easy it is to borrow money online in the country using trustworthy mobile applications, this post is for you.

We’ll tell you about the top apps for borrowing money simply and conveniently online instead of dealing with the stress of long lines at today’s banking halls. Please keep in mind that the interest rates on these online money lenders’ various loan programs vary, so you should double-check before applying.

There are times in our lives when we require money urgently for personal reasons or to finance business projects, and while there are various types of loans available in Nigeria through the numerous banks that we are familiar with, many people may prefer to go through trusted online platforms because they are just one click of the button away from securing these loans in record time and with minimal stress. Read Also: How to Qualify for SBA Loan.


The following are the top ten loan applications in Nigeria for borrowing money quickly and simply in 2022:


First on our list of the Best Loan Apps in Nigeria is Carbon Finance & Investments Limited, which is licensed and regulated by the Central Bank of Nigeria, provides a financial service called Carbon.

Individuals are given credit, simple payment options, high-yield investment alternatives, and simple tools for personal financial management by the firm. It is a multinational corporation with offices in Mauritius, Nigeria, the United Kingdom, the United States, Canada, South Africa, and Kenya.


Renmoney is another well-known Nigerian firm that provides amazing loans through its mobile apps. It is one of the most convenient loan firms in the country, providing excellent services.

Renmoney works hard every day to understand its consumers and use technology, analytics, and innovation to provide excellent service. Renmoney microfinance bank offers personal and micro-business loans ranging from N50,000 to N6 million via their mobile app.


PalmCredit is yet another popular lending app in Nigeria that is well-liked by the general population. Their virtual credit card makes it incredibly simple for you to obtain a loan at any time and from any location. PalmCredit is only available to persons over the age of 18, and loan amounts vary from N2,000 to N100,000, with loan terms ranging from 91 to 180 days.


You may receive a loan of up to 500,000 for 12 months in 5 minutes with the FairMoney loan app, and the more you use this loan app to find and repay loans, the better your FairMoney loans get.

The benefit of sourcing loans via FairMoney microfinance bank is that you can request an extension on your loan if you fail to pay on time due to unforeseen circumstances. There is no documentation or collateral required for this lending app, and it is completely stress-free. To learn more about FairMoney’s loan application, go to their website or download the app from the Google Play store.


The Branch loan app is a prominent loan platform in Nigeria that is both safe and dependable. It is now ranked as one of the finest lending platforms in the country. The branch is a financial firm that works not just in Nigeria but also in Kenya, Tanzania, and India. The Branch loan app allows you to access loans from anywhere, at any time.


Migo is an integrated lending platform that allows enterprises to provide loans to consumers and small businesses through their own apps. Migo creates unique machine learning algorithms to analyze credit risk based on the company’s data, then automates credit facilities using cutting-edge cloud infrastructure, simplifying the complicated world of lending with a simple API.

Migo also broadens economic access by permitting credit for groups overlooked by traditional credit agencies, giving life-changing chances to low-income clients in many situations. Migo is based in San Francisco and is now present in Nigeria and Brazil.


The Kiakia loan app was founded in 2015 by two creative individuals, Chimeziem Anyadike and Olajide Abiola. As the app’s name indicates, ‘Kiakia’ is a Yoruba term for ‘quick’ or ‘rapid,’ which explains the quickness with which individuals may obtain loans using the app.

This money lending platform was created to promote financial inclusion in Nigeria and make cash available to those who are deemed unsuitable by traditional banking institutions.

The Kiakia loan platform is unusual among the loan applications on this list of the top loan platforms in Nigeria in that it is a peer-to-peer (P2P) lending platform. Individuals and corporations who want to lend money as an investment are matched with the best match from a pool of individuals looking to borrow money.

The software analyzes people’s financial histories and determines their creditworthiness using a credit score algorithm. The Kiakia loan app is available on Google Play for Android users.


Specta is one of Nigeria’s quickest lending platforms, allowing you to obtain loans of up to N5 million in a single transaction in less than 5 minutes. The objective of this online money lending platform is to provide a simple, convenient, and personalized experience for their countless clients by leveraging proprietary data and analytics to assess applications.

You do not need collateral, guarantors, or a visit to any office to get your loan authorized and cash disbursed with Specta. Once the application is submitted, the scoring is immediate, and the distribution is completed in less than 5 minutes. Specta is open to everyone, regardless of employment or bank. Please check the Specta official website for additional details on how this lending app works.


QuickCheck is a lending software in Nigeria that predicts borrower behavior and rapidly evaluates loan applications using machine learning. The firm intends to provide digital financial services to consumers in order to assist them to achieve their personal and commercial objectives.

The QuickCheck app on your mobile device may enable you to receive rapid loans directly into your bank account without collateral, and you can get quick cash loans at single-digit interest rates anywhere, at any time. You may get more information about this loan app on the QuickCheck website.


The Aella Credit loan app is excellent, and borrowing money through the site is simple. The app is available to iOS and Android users via the Appstore and Google Playstore, and once downloaded, all you need to do is fill out all of the necessary information to obtain access to quick loans anywhere in the country.

If you Would prefer not to get loans from any of the above-listed Best Loan Apps in Nigeria nor From Banks, then read:- Beyond bank Loan, 6 Other Ways to Sources for Fund.


That is all you need to know about the app from which you may rapidly borrow money to solve any outstanding financial humiliation.


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