Top 9 Best Loan Apps In Nigeria 2023 [Guaranteed!]

We present to you the most accurate ranking of the top 9 loan applications in Nigeria, allowing you to instantly get loans for personal or professional usage. Yes, you can apply for these loans using an Android or iOS smartphone.

First of all, why would somebody require a rapid loan? Financial hardship and keeping up with payments have been much harder because many Nigerians have lost all or some of their income, particularly during this global pandemic.


If you don’t have an emergency fund and are struggling to make ends meet, don’t freak out; you’re not the only one going through this.

Top 9 Best Loan Apps In Nigeria For Online Lending

Here is a list of ten mobile loan apps popular in Nigeria.
Rank Best loan apps In Nigeria Ratings

1 Carbon Loan App (Pay Later) 4.5

2 FairMoney 4.5

3 Palm Credit 4.5

4 Branch 4.5

5 KwikMoney (Migo) 4.0

6 Quick Check 4.0

7 Aella Credit 4.0

8 Kiakia Loans 4.0

9 Creditville 4.0

Quick disclaimer: Please be aware that we are not any of the loan apps listed here. Sokoloan, okash, kash kash, and other apps have allegedly been defrauded. The material provided is solely for informational reasons and is based on our own experiences using the app.


1. Carbon Loan App

Top 9 Best Loan Apps In Nigeria 2021/2022 [Guaranteed!]

The top app for loans in Nigeria is Carbon, formerly known as PayLater.

It is a straightforward, fully online lending platform that offers quick loans to aid with unforeseen costs or pressing cash demands.

You can apply for a Paylater loan 24 hours a day, 7 days a week with just an Android device and the minimal requirements. The quick application process will let you know your status in a matter of minutes.

Presently, Carbon App provides two loan options:

▪︎All-inclusive Pay Later (loans) and Pay Later Plus (loans for salary earners).
You can pay for recharge cards, invoices, including your NEPA bill, and other services via the pay later platform.

As with any rapid online loan, all you need to apply and get authorized is an Android phone to download the app and utilize it, as well as some form of identity. You are prepared to go with these.

Download the Carbon Loan App to quickly receive up to $100,000!

To learn more about Carbon, you may download the carbon app from the Play Store or go to their official website (PayLater).

2. Fair Money App

Top 9 Best Loan Apps In Nigeria 2021/2022 [Guaranteed!]

The Fair Money app is ranked second among the finest lending applications in Nigeria as a result of their superior service.

Simply download the app from the Google Play Store to start the quick and easy application procedure, receive your funds (without collateral), and repay within 15 days or one month.

Make sure you read the loan’s terms and conditions before applying because you should be aware that there will be some of them.

In addition to offering loans, the Fair Money app also enables users to pay bills and recharge their phones.

3. Palm Credit App

Top 9 Best Loan Apps In Nigeria 2021/2022 [Guaranteed!]

Palm Credit is another app for loans in Nigeria. In essence, Palm Credit is an Android app that offers loans to users.

It is quick and simple. Individuals must be at least 18 years old to apply for a Palm Credit Loan, and the loan amount ranges from $2,000 to $100,000.

You have the power to obtain the loan you desire with just a few simple steps.

Download the Palm Credit App from the Google Play store, enter your information, and you’re done.You can register quickly by using your phone number or Facebook account, and you can do so by any method.

Additionally, Plamcredit offers rewards for recommending customers to Palm Credit. Isn’t that incredible?

Register for a loan from Palm Credit for up to $100,000.

4. Branch Loan App

Top 9 Best Loan Apps In Nigeria 2021/2022 [Guaranteed!]

The third app on my list of the top lending applications in Nigeria is The Branch. The Branch App makes it easy to borrow money, and the process can be finished in as little as 10 minutes.

Branch does not require any kind of collateral in order to acquire loans, unlike the other loan applications mentioned above. Your phone number or Facebook account, along with your bank account information and verification code, are all you need to apply for a loan.

You can borrow money through the Branch loan app for as little as $1,000 and as much as $200,000 at competitive interest rates.

Download the Branch App from the Google Play Store, enter your banking details, and you’ll be able to get your loans.

You will see a loan offer on your dashboard; in order to receive higher loan offers, you must use this one first.

5. Kwikmoney (Migo)

Top 9 Best Loan Apps In Nigeria 2021/2022 [Guaranteed!]

Among the mobile loan apps in Nigeria is Kwikmoney. It fills the gap between your needs and your ability to obtain loans.

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

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. Speed Check

Top 9 Best Loan Apps In Nigeria 2021/2022 [Guaranteed!]

My list of loan apps for Nigerians must always include Quick Check, a cutting-edge financing platform that is perfect for both individuals and small enterprises.

The portal claims that customers can get short-term loans for up to 30,000 without putting up any security for terms of 15 or 30 days.

Your credit score rises when you take out more loans and repay them on time, giving you access to loans with even greater limits! It’s undoubtedly among the greatest loan applications in Nigeria.

Don’t forget to download the Quick Check app from the Google Play Store.

7. Aella Credit

Top 9 Best Loan Apps In Nigeria 2021/2022 [Guaranteed!]

My next loan application in Nigeria is for Aella credit. Unlike other loan organizations, it provides loans from 1,500 to 90,000 with no late fees.

They have a loan term of 30 to 60 days and a monthly interest rate that ranges from 4 to 29 percent.

How to Apply in Nigeria for an Aella Credit Loan:

To get started, download the Aella Credit app from the Play Store, enter your information, take a selfie, and set your pin.

When you next request for a loan, you will be eligible for a bigger loan if you repay your loan offer on time and without being late.

8. Kia Kia Loans

Top 9 Best Loan Apps In Nigeria 2021/2022 [Guaranteed!]

In Yoruba, the word “kia kia” means “rapid and speedy.” One of the greatest loan apps in Nigeria is Kia Kia since it is quick and simple.

KiaKia, a pioneer in Nigeria’s peer-to-peer lending industry, provides both secured and unsecured loans and takes part in well planned profit-sharing business deals.

They concentrate their efforts mostly on Micro, Small, and Medium-Sized Enterprises (MSMEs) that lack access to traditional financial institutions’ funding but have tremendous growth potential.

9. Credit Ville

Top 9 Best Loan Apps In Nigeria 2021/2022 [Guaranteed!]

Through their company, Credit Ville is an online lender that offers Payroll-based consumer loans to qualified borrowers.

The borrowed sum is subsequently subtracted from the borrower’s monthly salary.

After you have submitted the required requirements and proof, Credit Ville can promptly deposit an urgent or emergency loan into your account.

To be able to meet their financial demands, Credit Ville offers unsecured loans with terms of up to 18 months starting at $100,000. Visit their website to learn more.

Nigerian Fake Loan Applications

Did you aware that Nigeria now has a number of bogus loan applications? You should be aware that your bad credit won’t prevent you from getting a loan from them; rather, the way they conduct business is the real problem, and you should stay away from them if your dignity and peace of mind are important to you.

The indicators of a poor loan are listed below:

A higher rate of interest
Shorter loan terms, such as (7-14 days)
Bad lenders will charge a different service fee and interest rate.
They treat their consumers as though they are garbage.
When you default for even a few hours, they send hateful messages to all of your contacts.
Even before the loan is due to expire, you can launch a fight.
Before approving a loan, they charge for card verification.
Some won’t give you a loan but will refer you to other apps and charge you a fee for their services.

Best Loan Apps In Nigeria (summary)

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

Show More


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