Top 20 Loan Apps in Nigeria - 2024


                                    Top 20 loan apps in nigeria

Looking for the top loan apps in Nigeria? You have come to the right place. In this article, we have compiled a list of some of the best loan companies and apps that give instant loans in Nigeria with or without BVN.

Sometimes you will probably need an instant loan to pay for your rent, sustain your business or pay for school fees. In such situations, getting loan from friends and families mostly prove futile. Whatever your needs are, getting a loan when you need it is a great joy.

Getting access to loan in Nigeria banks is sometimes lengthy and tedious especially in urgent situations. It is for this reason most loan companies in Nigeria have developed loan apps where you can access loan at the comfort of your home.

Requirements For Loan Applications in Nigeria

Every loan app or website has its own application requirements applicant must meet before his or her loan will be approved. Here are some of the requirements you may be asked to provide before getting a loan in Nigeria.

  • Applicant must have mobile money or bank account registered on his name
  • He must possess a valid ID card (NIN, BVN, Passport etc.)
  • Applicant must be a resident of Nigeria

Note : Some loan companies may request for your pay slip or bank account statement before approving your loan.

Top 20 Loan Apps in Nigeria

Below are top 20 loan app in Nigeria to get instant loans from

1.Branch Loan App

Branch is a top lending platform where you can access quick loans online in Nigeria. The app is used by over 1 million Nigerians. The company operates in other countries such as Kenya, India, Mexico, and Tanzania.

How to Access Branch Loans

  • Go to Google Play Store to download and install the app
  • Create your accounts by filling out your details. Make sure you enter correct information 
  • Enter the amount you wish to borrow and click 'apply'
  • If you are qualified, your money will be deposited direct to your bank account. Pay on time to avoid any penalty

2. Easy Credit Loan App 

The app is another top and legit online loan app in Nigeria. The loan app makes it easy for Nigerians to access loans at the comfort of their homes. The app has positive review on Google Play Store which means it is really legit.

How to Get Loan From Easy Credit

  • Download the Easy Credit Loan App from Google Play Store
  • Create your account by filling out your details. Make sure you enter your details correctly. You will be asked to provide your BVN number, a valid ID, and other relevant documents.
  • Enter your loan amount and wait for approval
  • You will be notified by SMS or email if you are approved 

You can get up to 500,000 Naira from Easy Credit.

3. Okash Loan

Okash Loan app is another lending platform in Nigeria to get online loan from. The loan is provided by Blue Microfinance bank, a financial institution in Nigeria. Okash Loan provides up to 50,000N at a time.

How To Get Loan on the App

  • Go to Google Play Store to download and install the Okash Loan App
  • Create your account by providing all the information needed. Ensure you provide legit documents.
  • Enter your loan amount and apply.
  • Wait for approval. When approved, your money will be paid directly into your mobile or bank account.

4. Newcredit

Another app to access online loan in Nigeria is Newcredit loan app. It is one of the best loan apps to get quick loan from in the country. With Newcredit loan app, you can access up to N100,000 loan.

How to borrow from Newcredit Loan App

  • Search the app on Google Play Store and download.
  • Sign up with your phone number or BVN number
  • Enter your preferred loan amount and click on ''apply"
  • Wait for a few minutes to receive your money into your bank or mobile account.

5. QuickCheck Loan

QuickCheck is a loan company in Nigeria that provides instant loan services to individuals or groups in Nigeria. QuickCheck Loan is believed to be a legit loan app with affordable charges. The company aims at offering digital financial services to help you get closer to your personal and business goal.

How to get loan from QuickCheck

  • Download the QuickCheck Loan App on Google Play Store for free
  • Sign up for an account by entering your correct details
  • Apply for your preferred loan amount and wait for feedback
  • You will be credited your money if you are qualified 

6. Aella Credit Loan App 

Aella is a financial institution located in Nigeria. The goal of the institution is to help foster financial inclusion in the African continent. Aella loan app offers loan services to individuals in Nigeria.

How to Apply for Aella Loan

  • Download the Aella App from Google Play Store
  • Create your account by filling out the details. Make sure you enter your details correctly
  • Enter your loan amount and apply
  • Receive your money instantly into your mobile or bank account. Ensure you pay on time to avoid any penalties.

7. Umba Loan App 

Umba Loan allows the topping up the Umba wallet which can either be used to pay your bills inside the app or withdraw to your bank account. You can borrow up to 89,000 Naira on Umba loan app.

How to Apply for Umba Money Loan

  • Download the Umba loan app on Google Play Store to register
  • After registering, tab on the "loan" icon on "Umba Money Loan"
  • Accept all permissions, connect your bank account and lastly take a selfie for verification
  • After verification, select the loan offer amount, and enter the reason you need the loan
  • Confirm and wait for the loan to be processed. Check your Umba wallet for your loan offer

8. Mpaso Loan App

Mpaso loan app makes it easy for you to access loans anywhere and anytime with your smart phone. The loan is available in Nigeria, Kenya, Ghana, and Tanzania. Loan amount ranges from N5000 - N1,000,000

How to get started

  • Go to Google Play Store to download and install the app
  • Create your Mpaso loan account
  • Choose your loan amount and apply
  • Once approved, your money will be paid to your account

Advantages of Mpaso Loan

  • No paperwork, collateral or office visits needed
  • No late or hidden charges
  • You can get access to bigger loans with lower interest
  • It is secure, reliable and flexible

9. Palmcredit Loan 

Palmcredit is another app to get instant loan in Nigeria. Palmcredit has flexible repayment plan and also favorable interest rate. The loan limit ranges from NGN10,000 to NGN300,000. Repayment period is between 91 to 365 days.

10. FairMoney Loan App 

FairMoney Loan app is a legit financial institution that offer comprehensive and affordable online loans to individuals in Nigeria.

FairMoney Loan amounts range between N1,500 to N1,000,000 with a repayment period from 61 days to 18 months at monthly interest rates that ranges from 2.5% to 30%.

11. Paylater loan

Paylater loan app is  one of the most commonest loan apps in Nigeria to take loan from. Paylater is an easy-to-use and entirely online lending platform that provides short-term loans to individuals and small businesses in Nigeria.

The loan app is available in countries like Nigeria, Portugal, United Kingdom, South Africa and Ghana. It has over 40 employees. 

How does paylater loan works in Nigeria?

All you need to do is to download the app for free on Google Play Store.

How can I apply for paylater loan in Nigeria?

  • To apply for paylater loan in Nigeria, follow the guidelines below
  • Go to Google Play Store to download and install the app.
  • Create your account by filling in your details correctly. You may be required to enter your personal information such as National ID card, residential address, house address and others.
  • After successfully registration you will be asked to enter your preferred loan amount. Check their rates or charges before confirming.

Once your application is approved, your money will be disbursed to your bank or mobile money account in 10 minutes.

Other Top Loan Apps in Nigeria

12.Kiakia Loan App


14.Lendigo Loan App 

15.Migo Loan App 

16.Baobab Loan App 



19.Carbon Loan

20. Migo Instant Loan App


The above are the top 20 loan apps in Nigeria as at the time of writing this article. There are other lending apps which we have not been able to add to the above. I suggest you visit or download each loan app to know more about their charges, application requirements and other relevant information

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