Top 30 Best Instant Loan Apps In Nigeria (March 2024)

This top 30 reputable and reliable instant loan apps in Nigeria won't threaten or shame you like loan sharks do. They have low interest, superfast approval and quick disbursement.

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Top 30 Best Loan Apps In Nigeria 2023 [Reputable Lending Apps For Instant Cash]
Top 30 Best Loan Apps In Nigeria 2023 [Reputable Lending Apps For Instant Cash]

Are you in a financial difficulty and need emergency funds from the best loan apps in Nigeria without collateral, documentation or physical visit to any office. I recommend for you a list of top 30 reputable lending platforms that can help you meet your urgent cash needs.

So sit back and read, and remember that whenever you are in need of fast loan approval for yourself or for your business, our list of the most reliable and legit loan apps in Nigeria for instant approval will serve very helpful for you. Ensure you do not patronize any of the fake loan apps whose purpose is to harass and blackmail borrowers through their forceful and unethical loan recovery practices.

Best Loan Apps In Nigeria for fastest, instant lending  2024

The best loan apps in Nigeria that approve fast and instant loans are Branch loan app, Aella Credit app, Carbon loan app, FairMoney app, Renmoney app, QuickCheck loan app, Umba loan app, Money In Minutes app and Quick Credit loan applications. These online lending platforms approve rapid loan within few minutes without collateral, documentation or paperwork with processes entirely online, 24 hours a day.

1. Branch App

Branch is one of the best loan apps in Nigeria 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.

A review of Branch loan amount shows that the platform provides access to instant loans amount ranging from ₦2,000 to ₦500,000 with monthly interest between 2.5% to 20% and APR of 18% to 260%. Monthly repayment is averaged at 60 days (2 months). Branch app doesn’t intrude or access customer phone contacts like illegal apps do.

2. Carbon App

Carbon, formerly known as Paylater, is yet another platform to consider on our list of best loan apps in Nigeria that do not require collateral, guarantor or documents to apply. 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.

Carbon interest rate ranges from 2% to 20% depending on the loan repayment period and it has gathered over 1 million users on Google Play Store. You can borrow loan amount up to N1 million (One Million Naira) without collateral, guarantors, or paperwork with a monthly payment amount ranging from 1 to 12 months depending on the loan amount.

3. FairMoney App

FairMoney is another reputable and one of the best loan apps in Nigeria that gives access to quick loans without documentation, collateral or guarantors. It loan amounts ranges from ₦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%)

4. Access More App

The Access More App, owned by Access Bank Plc is one of the best loan apps in Nigeria for customers seeking PayDay cash advances to be repaid once salary is paid at the end of the month. 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.

5. OKash App

Okash is yet another reputable loan app in Nigeria 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

6. Starloan App

Starloan is one of the numerous loan apps in Nigeria that grant loan to individuals and small businesses without collateral or documentation. The platform provides mobile users with convenient lending services. Once approved, the money will be immediately transferred to your account.

7. CreditAll App

CreditAll is a trusted and reliable loan app in Nigeria without collateral or documentations. It’s a convenient and reliable way to fix your spending gap. It is unique for granting small loan advances such as N10,000 to N50,000.

8. Aella Credit App

Aella Credit is one of the few best loan apps in Nigeria offering loans at very low-interest rates, zero late fees and high loan amount up to N1,500,000 all within few minutes of approval. The lending platform allows borrowers to build their creditworthiness via prompt loan repayment in order to qualify for larger loan amounts and lower interest. Aella Credit app has a monthly interest rate of 2% to 20% and APR of 22% to 264% per year. Loan amount ranges from N2,000 to N1,500,000 while monthly payments range between 2 months to 12 months.

9. Xcrosscash App

Xcrosscash is an emerging lending application in Nigeria that gives quick loans without collateral. The lender activates your credit limit and withdraw cash for urgent needs. And you have chance to level up your credit limit by different ways, which means you can enjoy higher limit, lower interest, more flexible tenor by using it.

10. PalmCredit App

Palmcredit is a top digital lender in Nigeria without 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 few hours or even minutes. When your financial obligations are overwhelming you and the bills piling up, Palmcredit loan app can provide you with instant cash. 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.

11. Fair Loans App

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 in 2023. Whatever your needs are, with this platform, it’s easy to apply for a small cash loan from N5000 to N30,000.

12. CashCredit App

CashCredit is part of the top best 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.

13. GTWorld Quick Credit App

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 one of the best instant loan apps in Nigeria that guarantees quick cash loans at fast approvals.

14. Renmoney App

Renmoney is a top online lending app in Nigeria which owns a microfinance bank. It gives loans without documentation, collateral or guarantor. You can get a quick loan on the Renmoney app in just a few steps. Renmoney 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.

15. QuickCredit App

Quick Credit is one of the top reputable lending application 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.

16. Umba App

Umba is yet one of the 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. Umba 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.

17. Money in Minutes App

Money In Minutes is rated one of the best loan apps in Nigeria for quick and superfast lending. You can get an instant loan from this app in few minutes of applying. The platform has a robust and wide range of products to help you access affordable finance for various needs and purposes.

18. Page Financials App

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.

19. Alat by Wema App

ALAT is another on our list of best loan apps in Nigeria for instant lending and superfast 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.

20. Lendigo App

Lendigo lending platform prides itself as Nigeria’s No 1 SME Finance Provider and one of the best apps for small business loans in Nigeria. 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.

At the moment, Lendigo business app gives the higest loan amount instantly in Nigeria. You can get between 300,000 – ₦10,000,000 loan amount per invoice and credit line with 1% processing fee and commitment fee of loan facility and per invoice from 4% per month interest rate on borrowed amount. Loan tenure is between 1 – 6 Months.

21. iCredit App

Icredit is one of the best loan apps in Nigeria for instant cash in 2023 and with low interest. It is hosted on Google Play Store, giving out loans to Nigerians without the use of document or collateral.

22. Migo App

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.

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 App

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 one of the leading pick in our list of best loan apps in Nigeria without collateral in 2023

24. Fair Credit App

Fair Credit is a top selection on our list of the best loan apps in Nigeria in 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%)

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).

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.

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

26. SukFin App 

SukFin is another of the best loan apps in Nigeria for 2023. 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.

27. Coolbucks Loan App

Coolbucks makes the 27th position on our list of top 30 best loan apps In Nigeria for 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 App

C24 Capital is one of the best loan apps in Nigeria for instant lending in 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

MoneyPal owned and managed by Zedvance Limited takes a high 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. Customers can enjoy loan tenors up to 24months at Annual Percentage Rate (APR) of 34.8% – 365%.

30. PalmPay App 

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 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.

What are the top 20 loan app in Nigeria?

The following are the top 20 loan apps in Nigeria for instant loan and disbursement: Branch Loan App, Carbon loan App, FairMoney Loan App, Aella Loan App, Umba Loan App, Renmoney, QuickCheck and Lendigo Loan App among other reliable online lenders. Their loan approval process is very quick and need no collateral, documentation or physical office visit, as is common with traditional money deposit banks.

Conclusion

Some of the most trusted, fastest and best loan apps in Nigeria with the highest loan amounts include Branch App, Carbon App, Fairmoney, Aella Credit, QuickCheck, Alat by Wema and Lendigo business App among others.

You can get an instant loan of N500,000 or more approved and disbursed into your bank account within few minutes of applying from any of these lending applications without submitting any collateral, documentation or paperwork.