Top 12 Loan Apps in Nigeria for Both Business and Personal Purposes (2021 updates)

Loan Apps in Nigeria – Loan apps are the fastest means you can use to access loans in Nigeria because the process of having access to short loans in Nigerian banks is may be prolonged and tedious for any individual that wants to be granted a small amount of loan for best a quick time frame.

Loan Apps in Nigeria

Yeah, it’s quite unfortunate that sometimes we run out of cash and therefore seeking for ways we can use in getting quick cash like loans be it for business or personal interest and that’s why loan apps are made available for you to easily access loans without much stress.

So, here today I will be listing out top best loan apps in Nigeria that are widely used and recommended by most of its users. Let’s see the list of loan apps that are available in Nigeria below.


1. Paylater


Currently known as carbon, Paylater is the number one choice and most popular loan app for most people to borrow money online.

Paylater using technology to provide loan facilitis to Africa’s underserved populace. The loan app claims to provide loan decisions in less than 20 seconds, and provide loan in less than 10 minutes. Paylater is also available 24/7 and new borrowers can borrow as much from 10k.

Paylater is great for short-term loans and students, small-scale tradertrs, micro entreprenuers can make use of Paylater app.


2. Palmcredit

Palm credit

Palmcredit is an internet loan app managed by Newedge Finance Limited. It is a loan app that allows you to collect loan and access credit facilities without any colleteral.

Some features of the app include:

  • The app is for persons above the age of eighteen years.
  • The loan limit is within 2,000 Naira to 100,000 Naira.
  • The duration of the loan is within 180 days.
  • Interest rate ranges from 14-24%, monthly interest equavalent is 4%-4.7%.

With the Palmcredit loan app, you can borrow ₦100,000 within minutes directly to your bank account. Download the app to learn more and see things by yourself.


3. QuickCheck

 Loan Apps in Nigeria

With the Quickcheck loan app on your device, you will be able to access a loan of up to  200,000 and you can choose when to repay.

The quick check process is quite simple and just as others, the funds will be sent directly to your bank account. Download the app to get started and see things by yourself.

The Quickcheck loan app is unique in that it uses machine language and artificial intelligence to predict the behaviour of borrowers, which means quick loan application process.

Other features include:

– The loan limit is ₦200,000.
– Borrowers are choose their payment tenure.
– No hidden charges.
– Instant credit of account as soon as loan is approved.
– No need for collateral or guarantor.
– Secure and reliable platform.
–  24/7 availability.




4. FairMoney

Top 12 Loan Apps in Nigeria for Both Business and Personal Purposes (2021 updates)

Fair money offers personal loans, education loans, business loans & more to its customers. However, this loan offer has a short repayment term to help cover your urgent needs, bills, business, and much more.

Benefits of using Fair Money App:

  • The app allows you access to credit and loan facilities worth 500,000 Naira with just mobile number and BVN. ]
  • loan application is less than 10 minutes.
  • Data encryption and ptivacy protection.
  • Instant loan with no hidden charges.
  • Rewards, loans and perks.
  • Loan history and transaction tracker.
  • The platform can also be use to buy airtime, data and subscribe cable TV.

5. Aella Credit

Aella Credit loan app is another authenticated app you can get quick loans from with any hassles nor stress.

Also See: How to Get Loan Online in Nigeria

Your inquiries will be easily answered because they have very good customer relations and their helpdesk is always ready for that. Download the app to get started and see things by yourself.



Kindly click on any of the app you want below to download it.


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