Top 30 Best Reputable Loan Apps In Nigeria (Instant Loan 2023)

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Top 30 Best Instant Loan Apps In Nigeria 2022/2023
Top 30 Best Instant Loan Apps In Nigeria 2022

Are you in a financial difficulty and need emergency funds from the top best reputable instant loan apps in Nigeria without collateral, with low interest and super fast approval in 2022 and 2023? If you want to meet your urgent obligations, SKYTREND NEWS recommends for you quick cash loan apps without collateral and ithout any documentation to meet your urgent needs that cannot wait for payday or month end for your salary.

So sit back and read, and remember that whenever you are in need of fast loan approval or you are running a business and you need to shore up your liquiidty, our list of the best reputable loan apps in Nigeria for fats and insrant approval below will be very helpful for you.



We have therefore carefully selected the best 30 reputable instant loan apps in Nigeria for instant loan and with the highest level of ethical practices and data privacy in 2022/2023 to help you access quick cash in times of emergency.

However the emphasis here is that these reputable instant loan apps in Nigeria without collateral won’t send you shame or threatening messages even when you default in repayment. We do not support nor endorse lending platforms that use strict and unethical means of loan recovery. We discourage our readers from patronizing such loan sharks.

Loan Sharks In Nigeria
Reputable instant loan apps in Nigeria without collateral won’t threaten or shame you like loan sharks do.

How To Apply For Quick Cash Through Instant Loan Apps In Nigeria Without Collateral

SKYTREND NEWS understands that most of the quick loans have zero physical documentation, and no need of collateral and it can be applied online just using your mobile phone. By visiting the official website of the lender, you will be able to apply for instant cash. You will have to enter your personal and income details for loan processing. The lender might ask you to upload the proofs online for verification, following which your loan will be approved or rejected.

Downloading the mobile app is another easy way to apply for quick loans. You need to download the app from Google Play Store or App Store and register yourself with your social media profile or by creating a new profile. After entering basic details such as address, BVN, NIN, bank details, photograph, etc., upload the valid documents.

Typical Features Of instant Loan Apps In Nigeria Without Collateral

When you need finance immediately in an emergency, quick lending apps come handy. Some of their salient features include:

Quick registration Process, Quick Verification, No Collateral, No Documentation, No Guarantee, Higher Interest Rate, Lower Tenure usually within 1 to 12 months.

Benefits of Reputable Instant Loan Apps In Nigeria Without Collateral 2022/2023

Reputable instant loan apps in Nigeria without collateral are beneficial in times of need and meeting emergencies. Some of the major benefits of taking a quick loan include:

  1. Speedy Disbursal
  2. Little or no Credit Check
  3. No Collateral
  4. Easy Online Application
  5. Zero Physical documentation:
  6. No Collateral Requirement
  7. Usually No Need Of Guarantee

Top 30 Best Reputable Instant Loan Apps In Nigeria Without Collateral (Instant Loan for 2022 and 2023 Updated)

Reputable Loan Apps For Instant Cash In Nigeria 2022
Best instant loan apps in Nigeria without collateral in 2022

Below is a top list of 30 best reputable instant loan apps in Nigeria without collateral, with low interest for quick cash loans and super fast approval in 2022 and 2023.

  1. Branch
  2. Carbon
  3. FairMoney
  4. Access More
  5. OKash
  6. Starloan
  7. CreditAll
  8. Aella Credit
  9. Xcrosscash
  10. PalmCredit
  11. Fair Loans
  12. CashCredit
  13. GTWorld
  14. Renmoney
  15. QuickCheck
  16. Umba
  17. Money In Minutes
  18. Page Financials
  19. Alat by Wema
  20. Lendigo
  21. iCredit
  22. Migo
  23. Express Credit
  24. Fair Loans
  25. FlashNaira
  26. SukFin Loan App
  27. Coolbucks Loan App
  28. C24 Capital
  29. MoneyPal (Zedvance)
  30. PalmPay

 

Loan Apps For Instant Cash

1. Branch

Branch is one of the best instant loan apps in Nigeria without collateral for instant cash. It is a financial lending app that makes it easy for people in Nigeria and some few other countries to get quick loan up to ₦500,000, to transfer money for free, and enjoy investment yields of 20% per annum. This lending platform is our 21st on our list of reputable loan apps for instant cash.

Unlike other lenders, we don’t make you jump through hoops or fill out paperwork. Simply apply through the Branch app and get approved in under 24 hours.

Branch don’t charge late fees or rollover fees, nor put restrictions on how you spend your money, and our customer support team is available 24/7. If you ever needed loan apps in Nigeria for instant cash that are reliable, this is one of your best pick.

To Apply for a Loan from Branch, CLICK HERE

2. Carbon

Loan Apps In Nigeria For Instant Cash
Top 22 Instant Loan Apps In Nigeria Without Collateral

Carbon, formerly known as Paylater, is our 2nd in the list of best instant loan apps in Nigeria without collateral in 2022.

Digital loan from Carbon do not require collateral or guarantors. At your first try, you may not be able to access big cash, you start by borrowing small, and paying back as at when due, then you can have access to bigger funds.
The loan app platform is available 24/7. You can apply for instant cash on weekends and holidays and get a quick loan.

To download the app on Google Play Store CLICK HERE.

3. FairMoney

Loan Apps In Nigeria For Instant Cash
Our 3rd pick for Instant Loan Apps In Nigeria without collateral

FairMoney is number 3 in our list of reputable instant loan apps in Nigeria without collateral for quick and instant cash loans.

Loan amounts range between ₦1,500 to ₦1,000,000 with repayment periods from 61 days to 18 months at monthly interest rates that range from 2.5% to 30% (APRs from 30% to 260%)

You can download the FairMoney loan app on Google Play Store by clicking here

4. Access More

 The Access More App is owned by Access Bank Plc and it’s a banking app that gives PayDay loans to its customers among other things. It’s the 4th in our list of instant loan apps in Nigeria without collateral for quick cash loans. Only limitation is that the services are only available to account holders of the bank, therefore you need to open a new account to enjoy them.

To download the app on Google Play Store for android devices, CLICK HERE.

5. OKash

Okash is part of our list of top reputable instant loan apps in Nigeria without collateral for quick cash loans that gives you easy access to credit anytime, anywhere 24/7.

It is a convenient quick online loan platform for Nigeria mobile users managed by Blue Ridge Microfinance Bank Limited. OKash fulfills customers’ financial needs completely online 24/7. The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the applicant’s bank account

  • Tenure: Repayment ranges from 91 days to 365 days.
  • Loan Amount: from NGN 3,000 to NGN 500,000.
  • Interest Rate: With a minimum of 0.1% up to 1%
  • Their interest rate is calculated on a daily basis. Annual interest rates from 36.5% to 360%.
  • Origination Fee: Range from NGN 1,229 – NGN 6,000 for a one-time charge

6. Starloan

Starloan is our 6th pick for instant loan apps in Nigeria without collateral that provides mobile users with convenient lending services. Once approved, the money will be immediately transferred to your account.

Loan Amount: ₦1,0000 ~ ₦300,000
Loan Term: the shortest is 120 days, the longest is 365 days
Loan interest: Depends on the customer’s risk profile and loan tenure. The interest rate is from 10% to 28% per annum.
Service charge: 0.

How to APPLY
1.Download Starloan App from google play store and install.
2.Register an account with your phone number.
3.Fill in basic information.
4.After the submission of the loan application, the final result will be shown in the APP.
5.If approved, the loan amount will be disbursed into the bank account directly.

7. CreditAll

CreditAll is the 7th on our list of reputable instant loan apps in Nigeria without collateral or documentations. It’s a convenient and reliable way to fix your spending gap.

Loan amount: ₦3,000 – ₦50,000
Loan term: the shortest is 91 days, the longest is 365 days
Daily interest rate: 0.0057%
Maximum annual interest rate APR: 20.55%

How To Get A Quick loan
1. Create your account.
2. Apply in seconds.
3. Receive your loan straight into your bank account.
4. Increase your loan limit every time you repay a loan.

8. Aella Credit

Aella Credit loan app exists to simplify and open up financial access for all in emerging markets by leveraging technology and widespread mobile adoption for Nigerian borrowers. It is the 8th on our list of instant loan apps in Nigeria without collateral for quick cash loans.

The mission statement of the credit company is to help customers build financial independence by providing access to simple products; quick loans, instant cash, investment opportunities and bill payments.

How Aella Credit Loan App Works

  • 1. Download Aella app
  • 2. Create your account
  • 3. Update your profile
  • 4. Check Eligibility
  • 5. Apply for loan
  • 6. Receive funds in your bank account

You can download Aella Credit app on Google Play Store by clicking here.

9. Xcrosscash

Xcrosscash is an emerging platform and we found it qualified to join the list of reputable instant loan apps in Nigeria without collateral for quick cash loans. The lender lets activate your credit limit and withdraw cash for urgent needs. And you have chance to level up your credit limit by different ways, which means enjoy higher limit, lower interest, more flexible tenor by using it.

Special features
– Limit from ₦ 10,000 to ₦ 50,000
– Repayment periods from 91days to 180days
– Monthly interest rates from 4% to 4.7%
– Annual percentage rate (APR) from 24% to 56% per year

How To Apply Loan With Xcrosscash

• only three steps to get cash:
– register.
– activate your credit limit in minutes.
– withdraw cash to your bank account.
• You have chance to raise your limit by taking some relaxed activities or system limit up, just keep good repayment record.
Download Xcrosscash app on your android phone

10. PalmCredit

When your financial obligations are overwhelming you and the bills piling up, Palmcredit loan app  for instant cash can provide an instant cash for you. The lending platform says it can provide a quick loan of up to ₦300,000 in less than 3 minutes without any form of collateral.

Palmcredit is the 10th on our list of instant loan apps in Nigeria without collateral where you can borrow between N2,000 to N300,000 quick loan and if your documentations are complete and accurate, you can get your disbursement within a business day, the platform claims.

1. Download PALMCREDIT APP ON GOOGLE PLAY STORE

2. Complete the registration process from your mobile device

3. After completing these two processses, you can proceed to applying for your loan

4. Once you have applied for the loan, you will have to wait to get approval. This usually does not take too long. Just make sure you provided the necessary information correctly.

5. Once you get your approval, you will then receive the loan. You can decide to send the money to your bank account right away.

11. Fair Loans

Fair Loans is different from the very popular FairMoney Loan App we have all been used to. Fair Loans is one of the new loan apps in Nigeria for 2022 and it’s our 11th in the list of instant loan apps in Nigeria without collateral.

Whatever your needs are, with Fair loans it’s easy to apply for a small cash loan from N5000 to N30,000. Fair Loans app claims its platform gives out easy, fast and convenient  loan as quickly as possible. It adds that its application process is simple and hassle-free, with no paperwork!

Get loan in 3 Easy Steps.

1. Create your account
2. Confirm Identification Details
3. Apply your loan

1. Loan Amount: 5,000 – 30,000 pesos.
2. Loan Term: 90 up to 365 days (3 – 12 Months)
3. Loan Interest rate: Flexible loan rates option, Maximum APR 24% pa
4. Transaction fee: zero

Minimum repayment period is 65 days while the maximum repayment period is 120 days, with a maximum APR is 24% per year. Fair Loans claims there are no hidden transaction fees. This makes it easy to know exactly what you’re signing up for.

Fair Loans Data Privacy Policy

We take your privacy very seriously and we will never share your personal information with anyone except with strict permission from you. When you download the App, we will ask you for permissions to use your phone’s data such as SMS history and other information. This information will strictly be used to verify your identity and create a credit score.

To Download Fair Loans On GooglePlay Store, CLICK HERE.

12. CashCredit

CashCredit is part of the top instant loan apps in Nigeria without collateral. It is for mobile users with convenient lending services. With simple steps and minimal documentation, users can get qualified loan products which is 100% online process. Once approved, the loan amount will be immediately disbursed to the applicant’s bank account.

Product Features
1.High Loans Amount: NGN 7,000 to NGN 100,000.
2.Long Loan Tenure: 91 days ~ 365 days.
3.24×7 access to loans with intelligent online process.
4.No credit history required.
5.Automatically reviewed: 24×7 access to loans.

13. GTWorld Quick Credit

With GTWorld, you have a reputable mobile and banking loan app for instant cash that is designed to cater to all that’s important to you easily and seamlessly. However to enjoy its services, you first have to open an account with the bank. The platform is our 13th on the list of best instant loan apps in Nigeria without collateral for quick cash loans.

Key Features:
• Login and complete your transactions using your face, fingerprint or a 4-digit PIN.
• Check your account balance; transfer money within your accounts and buy airtime; all without having to sign in.
• Turn your contacts into a beneficiary list; send money to someone using just their mobile number.
• Apply for loans and set savings target right from your phone.
• Send your Account Statements to your email or to an embassy of your choice.

14. Renmoney

Renmoney is the 13th on our list of instant loan apps in Nigeria without collateral for quick cash loans with head office in Lagos.

You can get a quick loan on the Renmoney app in just a few steps. Renmoney quick online loans are for employed or self-employed people as well as business owners. So, if you need an instant personal or business loan, you can borrow from ₦6,000 to ₦6,000,000 and repay in 3 to 24 months.

The Renmoney app gives you instant access to quick loans, savings and investments with competitive interest rates.

You can download the Renmoney app on Google Play Store by clicking here

15. QuickCredit

Quick Credit is the 15th best  reputable instant loan apps in Nigeria without collateral for quick cash loans. The platform strives to provide borrowers and mobile users with convenient lending and quick loan services.

With simple steps and minimal documentation, users can get qualified loan products which is 100% online process. Once approved, the loan amount will be immediately transferred to the applicant’ s bank account.

Product Features
1.Tenure: From 91 days to 365 days.
2.Loan Amount: From NGN.1,500 to NGN.50,000.
3.The maximum Annual Percentage Rate (APR) is 36%.
4.Origination fee: From 1% to 9%.

How to APPLY
1.Download Quick Credit App from google play store and install.
2.Register an account with your phone number.
3.Fill in basic information.
4.After the submission of the loan application, the final result will be shown in the APP.
5.If approved, the loan amount will be disbursed into the bank account directly.

You can download the Quick Credit app on Google Play Store by clicking here

16. Umba

Umba is the 16th on our list of best loan apps in Nigeria for quick cash and fast loan approval. It’s hosted on Google Play Store. The lender prides itself as the leading digital bank in Africa. The app allows users to apply, drawdown and repay loans directly from their smartphone or desktop computer.

Once an individual is verified, it makes lending decisions based on an assigned risk rating.

IT’S EASY TO GET STARTED
Create your account
Apply in seconds
Receive an Umba Loan
Increase your loan limit every time you repay a loan on time

You can download the Umba app on Google Play Store by clicking here

17. Money in Minutes

Money In Minutes is the 17th rated best loan apps in Nigeria. You can get an instant super fast loan from this app managed by MIM Finance Company, a UK-originated lending platform with presence across three (3) continents and Nigeria’s 1st Credit Membership that gives instant cash.

The platform has a robust and wide range of products to help you access affordable finance for various needs and purposes.

To apply for a Money In Minutes Loan, CLICK HERE

18. Page Financials

Page Financials is one of the best instant loan apps in Nigeria without collateral for quick cash loans, licensed by the Central Bank of Nigeria (CBN) with over 6 years’ experience in providing cutting edge digital solutions.

The organizations provides instant cash once your loan is approved, it also provides investment and other financial services through its various channels including internet and mobile app platforms. Its outstanding products and services are created to suit the financial requirements of its diverse clientele.

To apply for a Page Financials quick loan, CLICK HERE

19. Alat by Wema

ALAT is another on our list of best loan apps in Nigeria for instant lending and super fast approval. You can get an ALAT loan without collateral and without paperwork or documentation. Loans are available to all Alat customers via Alat App or the website.

As with everything else on ALAT, you can now apply for a quick loan without collateral or paperwork, no visitation to any physical location, and response time between acceptance of offer and loan disbursement is in minutes. You can now borrow as much as N2,000,000 (Two million naira) without collateral.

How to Apply for ALAT Quick Online Loan:

Login to ALAT or sign-up if you have not
From the menu items, click on ‘’Loans’’
Read through and understands the ALAT disclaimer

Upon successful credit evaluation and checks, a loan offer is presented with duration and applicable interest based on the user’s current risk score.

Read through and accept the Terms & Conditions which will contain consent to having your account debited for repayment at loan due date and provide your debit card details to be debited. Your account will be immediately credited.

20. Lendigo

Lendigo lending platform prides itself as Nigeria’s No 1 SME Finance Provider and the 20th on our list of reputable best loan apps in Nigeria for instant loan. The lending platform offers Nigerian SMEs easy, fast and flexible access to working capital according to their business requirements and suited to their finance needs.

If you are a SMEs that provide Retail and Professional services as well as traders of general merchandise such as Electronics, Computing, Phones, Fashion & Apparel, Household Goods among others, then you can apply for Lendigo loan in minutes and get it processed for you.

Up to ₦10m Loan
Apply in Minutes
Low Interest Rate
Flexible Terms

To Apply, Click here.

21. iCredit

Icredit is one of the instant loan apps in Nigeria without collateral in 2022 and 2023 with low interest. It is hosted on Google Play Store, giving out loans to Nigerians without the use of document or collateral. We do not have any report yet that this lending platform shame its customers for loan default.

HOW TO APPLY FOR ICREDIT LOAN
Install the iCredit APP;
Register an account;
Fill out your basic information and submit;
Receive your loan straight into your bank account;
Your loan limit will be increase if you repay your loan on time.

FEATURES
You can borrow up to ₦50,000;
You can choose your payment flexibly;
It is secure, reliable, and flexible;
Available 24 hours, every day of the week.

22. Migo

Migo (formerly kwikmoney) is a cloud-based lending platform and the 22nd on our list of reputable and best loan apps in Nigeria without collateral for quick cash loans. The application enables you access to instant loan and if willing, to make purchases from merchants or withdraw cash without the need for a smartphone, point-of-sale hardware or plastic cards.

FEATURES OF MIGO INSTANT LOAN

Migo loan amounts range from N500 to over N500,000. The loan agency usually start with a small loan and grow your loan offers over time as you borrow and repay consistently and build trust with the system.

  • You do not need any collateral or documentation to request your Migo loan.
  • No guarantors are required to get a Migo loan. Your loan offers will continue to grow at a steady pace as you borrow and repay early.
  • Physical visitation of Migo office or a bank not necessary
  • Their minimum loan amount is N10,000 and the upper limit for a new customer is N50,000 with no collateral or guarantor required.
  • Interest rates are determined by a number of factors, including your repayment history and the cost of lending.
  • Loan decisions are provided within 15 seconds and if approved, the applicant receives funds within 5 minutes.
  • No document or documentation is needed to obtain a Migo quick loan in Nigeria. All you need is an android phone, your banking details including BVN.

HOW TO APPLY FOR A MIGO LOAN

Your personal information is used to determine your unique loan offers. The loan platform provides a range within your available credit limit from which you can select. Currently.

To get a loan, all you have to do is enter your phone number here.

Once you select the loan amount you want, you’ll be asked to give details of your bank account for the loan to be deposited. Finally, your debit card information will be registered to make repayment easier for you.

You can also get a Migo loan by dialing *561# for MTN, 9mobile, and Glo or *554*561# for Airtel. From the list, select “Request Loan” to see a list of your customized loan offers.

23. Express Loans

With Express Loans, it might only take a few minutes to apply and receive approval. The cash advance application process is quick and simple – upload National I.D and follow instructions to complete the procedure. Once the application is approved, money can be instantly transferred to the bank account. It’s our 23rd pick in our list of best instant loan apps in Nigeria without collateral in 2022.

Features of Express Loans

No Hidden Fees
Interest Rate: 34.0% per annum.
Processing Fees: 4.9%. The fees will be deducted from the credits.
Loan period: we will require the repayment from 90 days to 180 days.
Here is an example, if a user takes the principal amount of KSH 1500 payable in 3 months, interest is KSH 121.5 and the processing fee is KSH 73.5. You will receive KSH 1426.5, while the total amount due is KSH 1621.5.

Get an instant loan in 5 simple steps:

● Download our Express Loans app for FREE now!
● Simple & fast advance loans application process. Apply money loans based on the amount you need.
● Provide basic information and bank details
● Submit an application for approval
● The approved amount will be credited into account within 3 working days

24. Fair Credit

Fair Credit is a top selection in our list of best instant loan apps in Nigeria without collateral in 2022 and 2023. Its loan amounts range between ₦1,500 to ₦1,000,000 with repayment periods from 95 days to 18 months at monthly interest rates that range from 2.5% to 30% (APRs from 28% to 32%)

Fair Credit Loan characteristics

Loan amount from ₦1,500 to ₦1,000,000
Repayment periods from 95 days to 18 months
APR from 26% to 32% per annum
Interest discounts of up to 90% for early repayments
No hidden fees

Now, the app is more than just a loan app. Fair Credit is owned by a Microfinance bank that is duly licensed by the Central Bank of Nigeria. As such, all your deposits are insured with the Nigeria Deposit Insurance Corporation (NDIC).

Features of Fair Credit

1. You can apply a loan by your credit. Don’t need any deposits or guarantees.
2. Up to NGN500,000. Disburse to your bank account.
3. Paperless and digital process on your mobile. All the steps can be done online.
4. We do not share your data with any third parties without your consent. Your data is totally safe with us.
5.Don’t worry about forgetting repayment. We’ll send messages to remind you.Eligibility:1. Nigeria Resident.
2. 20-55 years old.
3. Source of a monthly income.
25. FlashNaira Loan App

FlashNaira is a digital lending platform and the 25th on our list of best loan apps in Nigeria without collateral for instant cash in 2022/2023. The lending platform provides Nigerian mobile users with convenient lending services with the claim that users can get qualified loan products which is 100% online process.

FlashNaira Product Features

1.High Loans Amount: NGN 2,000 to NGN 100,000
2.Long Loan Tenure: 91 days ~ 365 days
3.24×7 access to loans with intelligent online process
4.No credit history required

WHO can apply

1.18 years or above
2.With regular source of income

Interest, Penalty

1.The Annual Percentage Rate (APR) is 10%~25%
2.No membership fees No Origination Fees No Rollover Charge No Transaction Fees
3.Penalty is charged only when someone delays their scheduled payment.

How to APPLY

1.Download FlashNaira App from google play store and install.
2.Register an account with your phone number.
3.Fill in basic information.
4.After the submission of the loan application, the final result will be shown in the APP.
5.If approved, the loan amount will be disbursed into the bank account directly.

Data Privacy Policy of FlashNaira

Loan application process is absolutely secure and safe. FlashNaira promises that never share customer’s information to anyone without consent.

26. SukFin Loan App — Best for Indirect Lenders

SukFin Top 20 Loan Apps In Nigeria 2022

SukFin is our 26th pick in our comprehensive list of best instant loan apps in Nigeria for 2022/2023 in the instant loan and fast disbursement category. The app provides free and easy way for SMEs in Nigeria, to research and find finance for their businesses. The organization employs the use of tech and expertise to match SMEs with a variety of lenders — giving access to a number of funding products across Nigeria.  It’s easy to apply and as long as you provide them with requested information — funds can be in your account quickly and instantly.

How SukFin Small Business Loans Without Collateral Works

  • 1. Tell how much money you need and what it’s for
  • 2. SulFin will match your requirements with their lenders
  • 3. They will get your loan approved and your small business financed

The company works with numerous lenders across the whole business funding market. They claim to have helped many of their customers find unsecured loans, invoice financing, equipment leases, startup loans and more.

27. Coolbucks Loan App — Best for Unsecured Monthly Instalment Loans

5 Best Loan Apps In Minutes In Nigeria

Coolbucks makes the 27th position on our list of top 30 best instant loan apps In Nigeria for 2022/2023. The online lending platform is best for unsecured monthly instalment loans without collateral within minutes of completing your application.

Depending on your profile, Coolbucks can disburse within 5 minutes to 24 hours of completing our application. The platform provides you up to N5,000,000 within minutes.

The platform also offers small ticket loans from N15,000 to low income customers and up to N5,000,000 to high income customers. Borrowers can access loans within 30 minutes maximum.

28. C24 Capital Loan App

Quick Cash Loan

C24 Capital takes the 28th position on our list of best loan apps in Nigeria for instant lending in 2022/2023. The financial institution provides retail credit for consumers in need of emergency cash funding and is focused on delivering services that can be accessed online, from any internet-enabled device anywhere within Lagos.

The platform does not exist on Google Play Store or App Store and therefore application has to be completed on the company’s website.

29. MoneyPal (Zedvance) Loan App

quick cash loan

MoneyPal owned and managed by Zedvance Limited takes the 29th position rating on our list of best loan apps in Nigeria for instant loan.

Zedvance Limited is a consumer finance company that offers loan packages that cater to all your financial needs regardless of what they may be. The company claims an eligible individual or small business can get up to N5million quick loan in 5 hours. With the MoneyPal app, you can access collateral-free Zedvance loans of up to N5million anywhere, anytime with zero hidden charges.

Customers can enjoy loan tenors up to 24months at Annual Percentage Rate (APR) of 34.8% – 365%.

30. PalmPay Loan App 

Top 6 loan apps in Nigeria that have exceeded 500k reviews, 5 million downloads (Q4 2022)
PalmPay App – Over 259k reviews, Over 5m downloads

Palmpay is an automated lending service and loan app in Nigeria, focused on increasing access to credit to financially under-served/excluded individuals around Africa. With the app, it is goodbye to transfer charges, allowing fast and free transfers! The organization says you can enjoy over 90 free bank transfers per month on PalmPay. Sending to other PalmPay users is always free.

Launched in Nigeria in 2019, the company says it has provided over 5,000,000 customers with convenient and affordable digital payments. It has been downloaded over 5 million times on Google Play Store with over 259,000 reviews and feedback from the users.

The company also claims that loan decisions on its app are provided within 15 seconds and if approved, the applicant receives funds within 5 minutes, 24 hours a day, 7 days a week. On the app, the usual amount for new borrowers is N10, 000.