Top10 Online Loan Apps With Low Interest

We bring to you the most reliable list of the top 10 online loan apps in Nigeria with which you can gain access to online loan for both individual or business purposes.

  • Which is the best loan app- Fairmoney tops our list

Indeed, you can get these loans on your cell phone, either on Android or iOS gadgets.

This article contains list of the most important steps is to access quick online loan platforms including any of the best loan apps in Nigeria that offer instant loans immediately after application, even without any collateral and when unemployed.

And you are wondering which is the best loan app in Nigeria, worry no more as we have got you covered on our list here.

However, government financial effect loans might be useful, you can likewise investigate other alternate ways of borrowing money or getting loans to be paid back in a short or long time period.

Getting quick online loan platforms that are quick reliable and quick in disbursement of funds have not been a difficult task per say but getting those loan platforms that won’t harrass you in the event that you don’t repay on time is a concern to worry about.

To begin with, you’ll must have a smart device (telephone, tablet, and so on) to get to the loan apps

I’ll give in this list. Surprisily, there will be no enormous documents or collaterals. You just need your cell phone to get your money and a few other bank details to access these loans.

Top 10 Online Loan Apps For Online Lending

Here is a list of ten best loan apps in Nigeria.

Rank Best Loan apps In Nigeria                       Ratings

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1. Fair Money App- Top online loan apps

Fairmoney is the best loan app in Nigeria that falls under Jemmyblog’s list of top best dating apps in Nigeria.

FairMoney is known for their quick disbursement of loans and a great customer service relationship unlike the Sokoloan team of unruly customer agents who always seize the opportunity to rain insults and threats on you if you fail to pay their loans on time.

top best loan apps in Nigeria
Fair Money’s application, as well as giving loan, additionally permits clients to recharge their cellphones and pay their bills.

Ensure you read the terms and conditions before applying for one of the best loan apps in Nigeria, FairMoney.

How to download the Fairmoney app on Google Play.
Use this link below

2. Carbon Loan App (Paylater)- Best Online Loan apps in Nigeria

Carbon officially and formarly called PayLater is the first on our list of best loan apps in Nigeria.

It is a straightforward, altogether online loan platform that gives short term loans with low interest and no collaterals to assist with covering unforeseen costs or emergency money needs.

With simply an Android device and a few basic requirements, you can apply for a Paylater or carbon loan any time of the day.

Carbon application right now offer two loan packages:

  1. Pay later (loans available to all) and
  2. Pay later plus to (loans for salary workers).

The Carbon lending platform likewise permits you to make payments for credit cards, bills including your NEPA bill and different online services.

Like any instant loan app, you need not bother with any kind of documentation or collateral to apply and get approved, aside from an android phone to download and use the app, and a means of identification.
With these, you are set to go.

You can download the Carbon loan app on google play


3. Branch Loan App

The Branch application is the 3rd app on my list of the best online loan apps in Nigeria.
Getting cash by means of a Branch App is straightforward and might be completed in just 5- 10 minutes.

branch loan app in nigeria

Branch doesn’t request any kind of collateral or guarantee that you will pay back to acquire loans from them.

Related- Can my BVN be blocked by a loan App- How to block my ATM card

To get a loan, all you want is your phone number or Facebook account, as well as your bank verification number and bank details.

The loan range is #1000 to as much as #200,00

To download the branch app, go to Google Play Store and search for “Branch loan app download” and download

You can as well use this link to download the branch loan app

Note: One good fact I love about the branch loan app is that they have low-interest attached to their loans and a good customer relationship.

I did recommend you give it a try.

4. Palm Credit App

Another app for loans in Nigeria is the Palm credit app. Palm credit is essentially an android app that gives loans Nigerians who apply for the loan.

It is exceptionally simple and fast. Palm credit loan is restricted to people that are 18 years or more, and the loan amount is within the range of #2,000 to #100,000.

With only a couple of steps then you have everything in your control to get the loan you need.

Do note that, you will have to fill in your details in the Palmcredit loan app to be able to make use of the app

Also do note that, the amount of loan being given you is subject to calculation, they use this kind of calculator software to calculate your loan amount.

Additionally, Palmcredit gives reward offers for alluding individuals to Palm Credit.

Register to get up to #100,000 loan from Palm Credit

How do you borrow from PalmCredit?

  1. Install the app on your phone using the Google Play app
  2. Register only after you have received the app on your phone
  3. Apply for loan. Once you have completed your registration you can apply for loan.
  4. Wait for approval.
  5. Once approved, Receive your loan

5. Quick Check -Instant Online loan apps in Nigeria

Quick Check is one of the best online loan lending platforms in Nigeria with low interest and a good customer relationship

Quick Check is good and as indicated by the platforms, users can get to fast loans of up to #30,000 with practically no form of collateral for a duration of 15 or 30 days.

The more you take loans and reimburse on time, the higher your credit score assessment and you get to much higher sums!

Quickcheck answers the question of “which loan app is reliable in Nigeria

It’s certainly one of the best loan apps in Nigeria and a top one at that.

Use this link to download the Quick Check Loan app on Google Play Store

6. AellaCredit

Aella credit loans

Next on my list of loan apps in Nigeria is Aella credit. It offers loans from #1,500 up to #90,000 with no penalty for late payment unlike the sokoloan that adds ups penalty on any day that passes without you paying back the loan coupled with their bad customer agents.

They have a month to month interest rate in the range of 4% – 29% with a loan residency of 30-60 days.

How to Apply for Aella credit Loan in Nigeria:

  • Download the Aella Credit app from Play store.
  • Fill in your details, you will take a selfie and set your pin, with this you are all set.

Note: Your chances of getting a higher loan offer on the Aella Credit Loan app is solely dependent on you paying your loans on time.


7. Kwikmoney (Migo) App

Kwikmoney is a mobile loan app and it falls on our list of top online loan apps in Nigeria.

All you need is your smartphone and you registered SIM attached to your bank account or BVN and you are good to go.

There are two methods to get loans from the Kwikmoney loan app

Method 1

  • Dial *561# on your cell phone.
  • Select ‘loans” or type 1 and send
  • You then select “cash loan”.

Method 2

  • Visit
  • Input your telephone number in the message box
    You will get a confirmation code on your mobile phone, input the code in the message box provided
  • Click “Check Loan Offer” from the menu showed
  • Select the loan amount from the list of offers showed
  • Enter your bank details and within seconds your account will be credited.
    All loans are payable inside 14 days.

Note: You must have a good credit record with the credit bureau to be approved for a loan else your loan application will be rejected.

8. Kia kia Loans

kiakia-loan apps in-Nigeria

Kiakia in Yoruba language implies speedy and quick. Kia kia is one of the best loan Apps in Nigeria since it is quicker and simpler.


See Also List of fake loan apps in Nigeria Shut Down by FG

One of Nigeria’s pioneer digital lenders and also the leading peer-to-peer marketplace, KiaKia offers secured and unsecured loans and also participates in well-structured profit-sharing business transactions.

They center their endeavors for the most part around Micro, Small, and Medium Enterprises with huge development possibilities, with no access to credit from conventional financial institutions.

9. Credit Ville

Credit ville instant online loan apps in Nigeria

Credit Ville is an internet based moneylender that gives Payroll consumer loans to qualified people through their employer.

The sum acquired is then deducted from their monthly salary

Credit Ville can give a pressing or emergency loan quickly in your account in the wake of meeting the necessary conditions and documentation.

See Related- Can my BVN be blocked by a loan App amidst warning by the CBN to banks

You can get loan offers between #100,000 or more at Credit Ville for up to 18 months without collateral to be able to meet their financial needs. Just visit their site for more details.

10.   Okash

Remember the popular Opay app, where you could make transactions, buy airtime, pay bills and still book a ride? Okash is a subsidiary of Opay and was once included in the Opay app.

Presently, Okash is one of the standalone loan apps in Nigeria, which means you could download and install just the loan app via Playstore.

It provides access to loan amounts of up to ₦50,000 with no collateral, although, the maximum loan amount you could receive differs.


Fake Loan Apps In Nigeria

Did you had at least some idea that there are a few loan apps in Nigeria today?

They will give you a loan, note that fact but here are some criterias that make them fake among the list of fake loan apps in Nigeria


Therefore, as we go ahead to list the criteria, it is advisable to avoid these loan apps as quick as possible

Here are the criterias of a bad or fake loan app in Nigeria

  1. A higher pace of interest
  2. Short loan durations (7-14 days), that is quick Awful you know..
  3. High Interest rate. Imagine a loan app charging you over #2000 for a loan of #5,000 and to be repaid in just 10 days.
    Tell me, isn’t that stealing and extortion and prying on the broke state of lenders?
  4. They send threatening and insulting texts and calls to you and to your contacts. Some go as far as telling your contact list that “You are a thief and you are on the run” just because you defaulted a few hours or day(s)
  5. They treat their customers like they are trash.

Some won’t give you a loan but will refer you to other apps and charge you a fee for their services.
There have been a huge number of complaints on social media about these loan organizations operating in bad faith.
Sokoloan, 9credit, Kash, and so forth are only a couple of the fake loan apps we have in Nigeria.

From my assertion, it seems sokoloan owns 9credit, Kash Kash because if you check from their “About Page” or “terms and Conditions” page, Sokoloan is incorporated there.

So it is best you stay clear off them as they will only give you more probs than benefits and download one of the best online loan apps on our list.

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