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

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 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 best and reputable instant loan apps in Nigeria without collateral, with lowest interest and superfast approval in 2023? I recommend for you a list of 30 best loan apps in Nigeria 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 best reputable loan apps in Nigeria for instant approval below will be very helpful for you.

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

The best 30 loan apps in Nigeria for instant loan, lowest interest, excellent customer service and with the highest level of ethical practices and data privacy in 2023 to help you access quick cash in times of emergency include:

  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

1. Branch

Branch is one of the best instant 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. This lending platform is our 21st on our list of reputable loan apps for instant cash.

Unlike other lenders, Branch 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.

2. Carbon

Carbon, formerly known as Paylater, is another best instant loan apps in Nigeria that 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.

3. FairMoney

FairMoney is another reputable instant loan apps in Nigeria without documentation, collateral or guarantors.

It gives quick and instant cash loan amounts ranging 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%)

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.

5. OKash

Okash is yet another reputable instant loan apps 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

Starloan is our 6th pick for reliable 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.

7. CreditAll

CreditAll is a trusted and reliable loan apps in Nigeria without collateral or documentations. It’s a convenient and reliable way to fix your spending gap.

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.

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.

10. PalmCredit

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 business day, the platform claims.

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

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.

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!

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.

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

14. Renmoney

Renmoney is a top online lending bank in Nigeria. 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.

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

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.

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.

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

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

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

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.

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.

21. iCredit

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

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.

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

24. Fair Credit

Fair Credit is a top selection and one 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 Loan App — Best for Indirect Lenders

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 — Best for Unsecured Monthly Instalment Loans

Coolbucks makes the 27th position on our list of top 30 best instant 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 Loan App

C24 Capital takes the 28th position on our list of 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 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.

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 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.