5 Best Loan App in Nigeria; Their Features, Benefits

In this post, we review the 5 best loan app in Nigeria. These apps are available on Google Play Store and on Apple iOS store. If you need an instant loan, simply download these apps, follow on the on-screen instructions, read their terms and conditions and apply.


Branch is one of the best loan app in Nigeria. This instant loan app is available in four countries which include Kenya, Tanzania, Nigeria and Mexico.
It makes it easy for you to access loans and you can borrow up to 200,000 naira and even as less as 1000 naira.
The term range for repayment is 4 to 40 weeks.
Interest rates:15% to 34%
It does not require collateral or any other documents.
Just visit the website and register and your loan would be immediately deposited in your bank account.
You can visit their website for more information
Website: http://branch.com.ng or download the app.


This instant loan app provides short-term loans for urgent needs.
It gives you complete control over your finances.
It is currently available in Nigeria and Ghana.
It is fast, secure and reliable and works 24/7.
Requirements: An Android device, data connection, and a valid bank account.
Credit limit: #1, 500 – #1, 000,000
Interest rate: 5% monthly on the first loan.
After the first loan, other loans would attract an interest rate of 2 – 30% Loan duration: 60days to 6months.
Loans granted within minutes.
It requires no documents or collateral.
You can earn an interest of 16% by investing in their investment plan.
You can pay bills for all your favorite services such as GOTV, DSTV, Bet9ja.
You can pay bills for all your favorite services such as GOTV, DSTV, Bet9ja.
You can also transfer money to friends and families.
Loan application on this online platform is open to students, salary earners or self employed people as well as civil servants.
No hidden charges or late fees.
Rewards are given if loans are repaid on time, transactions are executed or friends are referred.
Rewards are in the form of larger loans, lower interest rates, and free cash.
For more information, you can download the app from the Google play store.


This is yet another beneficial instant loan app in Nigeria that makes life easy and comfortable for you.
You don’t need to stress yourself thinking of medical bills, how to pay school fees or any other unexpected cash problems.
No collateral or documentation is needed.
Quick check grants you loan within 24hrs of application.
Requirements: smartphone and the quick check app.
It also gives you the opportunity of buying airtime for yourself and loved ones in a seamless manner.
It is secure, fast, and easy to use.
You can borrow up to 30,000 Naira with no hidden charges.
Interest can be paid for the number of days you take the loan at 1% daily.
You can apply for a loan on this lending platform by downloading the app to your device and then proceed to sign up or create an account.
After applying for a loan, a cash loan will be disbursed to your account within minutes if found eligible. For more information, you can check out their, website: www.quickcheck.ng
Money Pal is one of the best loan app in Nigeria. This mobile loan app is provided by Zedvance and grants customers access to loans without collateral.
It gives loans of up to #5 million anywhere, anytime with zero hidden charges.
Customers can enjoy loan tenors up to 24 months.
Customers can enjoy loan tenors up to 24 months.
Annual Percentage Rate (APR): 34.8% – 365%
To get a loan on this app, you click on “create account” on the app and proceed to provide relevant details.
One important thing to note when applying for a loan on this app is to use the phone number linked to your BVN to register and once your loan application is approved, the loan is sent to your bank account.

This is another instant mobile loan app that provides short-term loans in Nigeria to help cover unexpected expenses or urgent cash needs.
No collateral is required.
Loans applied for are sent straight to your bank account once approved.
It uses the data on your phone including your SMS history to verify your identity and create a credit score.
Duration: 2 to 6 months/ 91 – 180 days.
Interest rates: 4.5% to 34%.
APR: 29% – 365%.
Loans offered on this loan app ranges from #5, 000 – #100, 000.
No paperwork, mortgage or office access required.
Loans are available to people between the ages of 25 to 50.
To be granted a loan on this platform, you need to have a fixed-job.
To get a loan on this app, you have to create an account, apply for the loan, receive loan straight into your bank account.
You can increase your loan limit each time you repay your loan.
Download the app to know more