Looking out for an app to get a loan right? here are the Top 15 New Loan Apps in Nigeria 2022
People in Nigeria can use these apps to get money for personal or business use right away.
We’ve put together the most up-to-date list of the top 9 loan apps. On both Android and iOS phones, you can get these loans, so you can get them.
Why would anyone need a quick loan? Many Nigerians have lost all or part of their income because of this global pandemic.
This has made it even more difficult to deal with finances and pay bills.
If you don’t have an emergency fund and are having trouble making ends meet, don’t worry; you’re not alone.
When you need money, you can look into other ways to get it, like getting instant online loans that can be paid back quickly.
In one of our previous posts on how to borrow money online in Nigeria, we explained the six steps that you can follow to get money from any of the leading apps in Nigeria that will be mentioned soon.
One of the first and most important things to do is to use quick online loan platforms, like any of the New Loan Apps in Nigeria.
These platforms can give you money right away, even if you don’t have any collateral and you don’t have a job.
You’ll need a smart device (phone, tablet, etc.) to use the loan apps I’ll give you in this list.
There will not be any big documents. You only need your phone to get your money.
Many people have said that sokoloan, okash, kash kash, and other loan apps aren’t real. We aren’t any of these loan apps. People who read this aren’t supposed to use it for anything else. It’s just our own personal opinion based on what we’ve done with the app.
Nigeria’s Federal Competition and Consumer Protection Commission has fined Soko Loan and its sister apps, Fast Money, Go Cash, Okash and Kash Kash for an alleged data breach. The FCCPC raided Soko Loan and its other sister apps, Fast Money, Go Cash, Okash, Kash Kash, Speedy Choice and Easy Moni.
Top 15 New Loan Apps in Nigeria 2022
In Nigeria, there are ten apps that people use to get money on their phones.
1. Carbon Loan App
The Carbon loan app is one of the best New Loan Apps in Nigeria
You can get a loan with Carbon, which was once called PayLater.
It is a simple, all-online lending platform that gives short-term loans to people who need money quickly for unexpected expenses or to pay for things that have come up.
It doesn’t matter if you have an Android phone or not. You can apply for a Paylater loan 24 hours a day, 7 days a week with a simple application process that lets you know your status in minutes.
Carbon app has two loan options right now:
It’s a good idea to get a loan if you don’t have the money right away (loans for salary earners).
Pay later also lets you pay for recharge cards, your NEPA bill, and many other things.
You don’t need any paperwork or collateral to apply for an instant online loan.
All you need is an Android phone to download and use the app,
and a way to show that you are who you say you are. With these, you can go.
Download Carbon Loan App and get up to #100,000 in cash right away!
If you want to learn more about Carbon, you can get the Carbon app from the play store or visit their carbon official website to learn more about them.
2. Fair Money App
In Nigeria, the Fair Money app comes in second on the list of the best New Loan Apps in Nigeria. This is because they offer great service.
Download the app from the Google Play Store, get your money (with no collateral), and pay it back in 15 days or one month, and you’re done!
To make sure you know what the terms and conditions are before you apply, make sure to read them first.
Fair Money’s app, in addition to giving out loans, also lets people recharge their phones and pay for things.
3. Palm Credit App
One more Nigerian app that helps people get loans is the Palm credit app, which helps people get loans.
Palm credit is an Android app that gives loans to people who use the app.
Easy and quick: Palm credit loans are only for people who are at least 18 years old. The loan amount ranges from #2,000 to #100,000.
It doesn’t take long to get the loan you want. You just need to take a few steps.
All you have to do is download the Palm Credit App from the Google Play store.
Fill in your information, and you can sign up with your phone number or your Facebook account.
You will be able to finish the registration process in a short time.
Plamcredit also gives money to people who refer people to Palm Credit, which is a bonus. Isn’t that great?
To get a loan of up to #100,000 from Palm Credit, you need to sign up for the service.
4. Branch Loan App
There are three good New Loan Apps in Nigeria that I think are good. The Branch app is the third one.
In just 10 minutes, you can get money from a Branch App and pay it back.
Branch loan, like the other loan apps we’ve talked about, doesn’t ask for any kind of collateral in order to get loans.
There are only three things you need to get a loan: your phone number or Facebook account, along with your bank verification number and account number.
For as little as #1,000 and up to #200,000, you can use the Branch loan app to get money at a fair rate of interest.
If you want to get your loans, download the Branch App from the Google Play Store.
Fill in your personal and banking information, then hit “Save.”
On the dashboard, you will see a loan offer. You must use this first in order to get better loan deals.
5. Kwikmoney (Migo)
Kwikmoney is also one of the mobile loan apps in Nigeria that can be used to get money quickly.
It helps you get what you need by making loans easy to get.
Your phone and SIM card must be linked to your bank account to use it.
Two ways to get a loan from KwikMoney are shown in this text.
The first method is:
Dial *561# on your phone.
Make sure you click on “Loans” and then “Request Loan.”
Select the amount of money you need.
Enter your bank information, and in a few seconds, your account will be credited with money.
The second method:
Check out https://kwikmoney.com
In the text box, type your phone number.
You will get a verification code on your cell phone. In the text box provided, type in the code.
Click “Check Loan Offer” from the menu that comes up.
Select the amount of money you need from the list of offers shown.
It only takes a few seconds to enter your bank information, and your account will be credited.
All loans must be paid back in 14 days.
6. Quick Check
Nigerians can get a quick cash loan with a quick check.
You can never leave Quick Check off of my list of loan apps for Nigerians, whether you need money for yourself or your business.
It says that users can get loans of up to #30,000 with no collateral for either 15 or 30 days.
People with good credit can get even more loans if they take and pay back more loans on time. If you live in Nigeria, this is one of the best loan apps you can use.
Check out the Quick Check app on the play store.
Aella credit is the next loan app I’m going to talk about. It has loans that start at $1,500 and go up to $90,000, and there are no late fees, unlike other loan companies.
They have a monthly interest rate in the range of 4% – 29% with a loan tenure of 30–60 days.
How to get a loan from Aella credit:
Take a picture of yourself and set your pin in the Aella Credit app that you can download from the Play store. You’re ready to use it.
The higher the loan you can get if you pay back your loan offer on time without being late, the better.
8. Kia Kia Loans
People in the Yoruba language say that kia kia means quick and fast when they speak the language.
This is one of the best apps for loans in Nigeria because it is quick and easy.
KiaKia is one of Nigeria’s first digital lenders and the top peer-to-peer marketplace.
It offers both secured and unsecured loans, as well as well-structured profit-sharing business deals.
They spend most of their time working with Micro, Small, and Medium Enterprises that have big
growth potentials but can’t get loans from traditional financial institutions.
9. Credit Ville
Credit Ville is an online moneylender that gives Payroll-based consumer loans to people who qualify through their job.
The money they borrow is then taken out of their paycheck each month.
Credit Ville can give you a short-term or emergency loan quickly if you meet the conditions and show the right paperwork.
At Credit Ville, you can get loans of up to #100,000 for up to 18 months without having to put up any money as collateral. This way, you can meet your money needs. Just go to their website to find out more about what they have to offer.
list of fake loan apps in Nigeria
You might not have known that there are a lot of fake loan apps in Nigeria today.
You should know that being bad doesn’t mean you can’t get a loan from them.
Instead, the way they work is the real problem, and you should stay away from
them if you value your dignity and peace of mind.
Loan app in Nigeria with low interest
- A greater level of interest
- such as a one-month loan term (7-14 days)
- A bad lender will charge a different service fee and interest rate than a good one.
- They treat their customers like they’re trash and don’t treat them well.
- When you don’t do what they want for even a few hours, they send nasty messages to all of your friends and family.
- Even before the loan is over, you can start a fight.
- Before they give you a loan, they charge to check your credit card.
- Some people won’t give you a loan, but they’ll send you to other apps and charge you for their help.
There have been a lot of people complaining about these loan companies on social media because they don’t act in good faith.
Just a few of the names are Sokoloan and 9credit, Kash Kash, and so on. It’s better to stay away from them
and use one of the best loan apps in this post instead.
Top 20 loan app in Nigeria
Here’s a quick look at the Top 15 New Loan Apps in Nigeria 2022:
- LCredit – Instant Loan
- OKash: Safe and reliable loan
- Blue Ridge Microfinance Bank Limited
- EaseMoni—Instant loan app
XCredit Loan App
KashKash: Personal loan
TrueNaira Loan App
XCrossCash loan App
CashCredit Loan App
NCash Loan App
Okash Loan App
Opay Loan App
ReMoney Loan App
Life isn’t about living without any problems. Life is about finding ways to solve problems.