Are you looking for top legit loan apps in Nigeria that give instant loan within minutes directly to your preffered bank account then this article is for you.
We advise using legit loan apps in nigeria that have low interest rates, the greatest loan amounts, and the quickest loan processing times without requiring collateral, documents, or guarantors if you need emergency cash to pay your bills. when you own a business and need to boost your working capital or when you cannot wait until payday or month end for your salary. Then you should read this! Read on!
There are many lending platforms and digital banks out there and you may be tempted to contact just anyone that comes handy. However with the threatening and defamatory messages from many fake loan apps and loan sharks today, it may be necessary to only patronize instant loan apps in Nigeria that have reputation, integrity and a good brand name to protect.
We have carefully selected the best legit loan apps in Nigeria by reputation to access quick cash loans in times of emergency. Our list contains apps that won’t send you shame or threatening messages even when you default in repayment. We do not support nor endorse lending platforms that use strict and unethical means of loan recovery. We discourage our readers from patronizing such loan sharks.
We understands that most of the quick loans have zero physical documentation, and no need of collateral and it can be applied online just using your mobile phone. By visiting the official website of the lender, you will be able to apply for instant cash. You will have to enter your personal and income details for loan processing. The lender might ask you to upload the proofs online for verification, following which your loan will be approved or rejected.
Downloading the mobile app is another easy way to apply for quick loans. You need to download the app from Google Play Store or App Store and register yourself with your social media profile or by creating a new profile. After entering basic details such as address, BVN, NIN, bank details, photograph, etc., upload the valid documents.
Typical features that accompany most of the lending apps include quick registration process, quick Verification, no collateral, documentation or guarantee required. However you may have to put up with their higher interest rate and lower tenure usually within 1 to 12 months.
Branch is one of the best loan apps in Nigeria for instant cash and our 1st pick for the most reputable by customers’ feedback. 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.
You can 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. If you ever needed loan apps in Nigeria for instant cash that are reliable, this is one of your best pick.
Requirements are simple – all you need to apply is your phone number or Facebook account, bank verification number (BVN) and bank account number. They will also request access to the data on your phone in order to build your credit score.
Carbon, formerly known as Paylater, is our 2nd pick in the list of top 30 best instant loan apps in Nigeria by reputation in 2022.
Digital loan from Carbon 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.
FairMoney is our 3rd pick in our list of legit loan apps in Nigeria by reputation in 2022 for quick cash loans.
Loan amounts range 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. 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 pick on our list of instant loan apps in Nigeria by reputation.
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.
How Aella Credit Loan App Works
- 1. Download Aella app
- 2. Create your account
- 3. Update your profile
- 4. Check Eligibility
- 5. Apply for loan
- 6. Receive funds in your bank account
You can download Aella Credit app on Google Play Store by clicking here
Umba is the 5th pick on our list of legit loan apps in nigeria by reputation for 2022. The lender prides itself as the leading digital bank in Africa. The app 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.
How To Get Started
Create your account
Apply in seconds
Receive an Umba Loan
Increase your loan limit every time you repay a loan on time
You can download the Umba app on Google Play Store by clicking here
6. Money in Minutes
Money In Minutes is our 6th pick in the list of legit loan apps in nigeria by reputation based feedback from users and customers. The platform is managed by MIM Finance Company, a UK-originated lending platform with presence across three (3) continents and Nigeria’s 1st Credit Membership that gives instant cash.
The platform has a robust and wide range of products to help you access affordable finance for various needs and purposes.
To apply for a Money In Minutes Loan, CLICK HERE
7. Page Financials
Page Financials is one of the legit loan apps in nigeria 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.
To apply for Page Financials Loan, CLICK HERE.
8. Alat by Wema
ALAT is another on our list oflegit loan apps in nigeria for quick cash loans without paperwork or collateral. 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.
To download the app on Google Play Store for android devices, CLICK HERE.
Lendigo lending platform prides itself as Nigeria’s No 1 SME Finance Provider and the 20th on our list of reputable instant loan apps in Nigeria. 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.
Up to ₦10m Loan
Apply in Minutes
Low Interest Rate
To Apply for Lendigo Loan, Click here.
Icredit is one of the legit loan apps in nigeria by reputation in 2022. The app gives out loans to customers without the use of document or collateral. We do not have any report yet that this lending platform shame its customers for loan default and thus qualify for our 10th pick for loan apps by reputation.
HOW TO APPLY FOR ICREDIT LOAN
Install the iCredit APP;
Register an account;
Fill out your basic information and submit;
Receive your loan straight into your bank account;
Your loan limit will be increase if you repay your loan on time.
You can borrow up to ₦50,000;
You can choose your payment flexibly;
It is secure, reliable, and flexible;
Available 24 hours, every day of the week.
To download iCredit app on Google Play Store, CLICK HERE.
Migo (formerly kwikmoney) is a cloud-based lending platform and the last on our list of legit loan apps in nigeria 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.
Migo strives to ensure your online loan request enters your account (or the account of the merchant you are paying) right after you complete your application session.
Migo loan amounts range from N10,000 to over N500,000 but limited to N50,000 for a new customer. You do not need any collateral, guarantor or documentation to request a Migo loan.
All you need is an android phone, your banking details including BVN and a complete online application form.
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.
To apply for a Migo loan, CLICK HERE
12. 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 12th in our list of legit loan apps in nigeria by reputation for 20222. 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.
To download the app on Google Play Store for android devices, CLICK HERE.
13. Specta Loan
Specta is an online lending platform that gives you loans of up to 5 Million in one transaction all within 5 minutes! No collateral, no paperwork and no visit to any office. It is our 13th pick on the list of legit loan apps in nigeria by reputation for 2022.
With Specta, you can take care of urgent personal and business needs anywhere, anytime. The Specta4individuals package is particularly tailored towards accessing a personal loan of up to N5 Million without collateral in 5 minutes.
To apply for a Specta Loan, Click here.
Lidya is a USA holding financial institution though operating its arm in Nigeria while providing instant small business loans without collateral across the country. The company is spread across 3 continents and 5 countries which are USA, Portugal, Nigeria, Poland and Czech Republic. Lidya says it can grant instant credit between N50,000 to N30m to small businesses in 24 hours.
How Lidya Loan Works
To assess credit risk, Lidya SME loan uses close to 100 data points to evaluate businesses, build a credit score unique to each business, and disburse loans in 24 hours or less.
The following are the processes to access Lidya small business loans
- Use your bank statements to get your loans
- Upload your transaction history. Upload your data quickly and safely in our platform. Your data will be analyzed in 24 hours.
- Understand your transaction data. Have a record of all your transactions that you can access online, anytime and anywhere.
- Be qualified for a loan. If your business needs more working capital to grow, this is the premier option for you.
- Get loans. Get access to funds immediately!
To Apply for a Lidya Business Loan CLICK HERE
SukFin is our 15th pick for our comprehensive list of legit loan apps in nigeria by reputation for 2022, providing a 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.
How SukFin Small Business Loans Without Collateral Works
- 1. Tell how much money you need and what it’s for
- 2. SulFin will match your requirements with their lenders
- 3. They will get your loan approved and your small business financed
SukFin SME Loan Scheme understand that getting finance for your business in Nigeria can be incredibly frustrating. It is upon this foundation that SukFin was founded — to make it easy for business owners to find the right finance products.
The company works with numerous lenders across the whole business funding market. They claim to have helped many of their customers find unsecured loans, invoice financing, equipment leases, startup loans and more.
To apply for SukFin Small Business Loan, CLICK HERE
Renmoney is the 16th on our list of legit loan apps in nigeria by reputation for 2022. The platform has its head office in Lagos.
You can get a quick loan on the Renmoney app in just a few steps. Renmoney quick 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.
You can download the Renmoney app on Google Play Store by clicking here
17. Quick Credit
Quick Credit is one of the top legit loan apps in nigeria for 2022. 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.
1.Tenure: From 91 days to 365 days.
2.Loan Amount: From NGN.1,500 to NGN.50,000.
3.The maximum Annual Percentage Rate (APR) is 36%.
4.Origination fee: From 1% to 9%.
You can download the Quick Credit app on Google Play Store by clicking here
Coolbucks makes the 18th position on our list of legit loan apps in nigeria by reputation for 2022. The online lending platform provides unsecured 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.
Starloan is our 19th pick for legit loan apps in nigeria by reputation for 2022. The platform provides mobile users with convenient lending services. Once approved, the money will be immediately transferred to your account.
Loan Amount: ₦1,0000 ~ ₦300,000
Loan Term: the shortest is 120 days, the longest is 365 days
Loan interest: Depends on the customer’s risk profile and loan tenure. The interest rate is from 10% to 28% per annum.
Service charge: 0.
You can download the Starloan app on Google Play Store by clicking here
With GTWorld, you have a mobile and banking loan app for instant cash that is designed to cater for your banking and money needs. However to enjoy its services, you first have to open an account with the bank. The platform is our 2oth pick on the list of legit loan apps in nigeria by reputation for 2022.
• Login and complete your transactions using your face, fingerprint or a 4-digit PIN.
• Check your account balance; transfer money within your accounts and buy airtime; all without having to sign in.
• Turn your contacts into a beneficiary list; send money to someone using just their mobile number.
• Apply for loans and set savings target right from your phone.
• Send your Account Statements to your email or to an embassy of your choice.
You can download the GTWorld app on Google Play Store by clicking here
Xcrosscash is an emerging platform and we found it qualified to join in the 21st position of legit loan apps in nigeria by reputation for 2022. 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.
– Limit from ₦ 10,000 to ₦ 50,000
– Repayment periods from 91days to 180days
– Monthly interest rates from 4% to 4.7%
– Annual percentage rate (APR) from 24% to 56% per year
– Example: If you choose a 6-month loan and borrow ₦10,000,Xcrosscash charges an interest rate of 4% per month.Interest rate: 24% and the APR is 48%.180 days repayments of ₦24,00.Total amount payment is NGN124,00.
You can download the Xcrosscash loan app on Google Play Store by clicking here
22. 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 pick on our list of legit loan apps in nigeria for quick and emergency cash.
Whatever your needs are, with Fair loans it’s easy to apply for a small cash loan from N5000 to N30,000.
The new loan 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!
Get loan in 3 Easy Steps.
1. Create your account
2. Confirm Identification Details
3. Apply your loan
1. Loan Amount: 5,000 – 30,000 pesos.
2. Loan Term: 90 up to 365 days (3 – 12 Months)
3. Loan Interest rate: Flexible loan rates option, Maximum APR 24% pa
4. Transaction fee: zero
To Download Fair Loans On GooglePlay Store, CLICK HERE.
QuickCheck comes 23rd position on our assessment of legit loan apps in nigeria by reputation and for quick cash loans for 2022. The app uses machine learning to predict borrower’s behaviour and instantly evaluate loan applications.
Once you apply, your credit score will be instantly evaluated and let machine learning decide if you qualify. All applications MUST be completed on your android device .
You can begin your application by downloading the QuickCheck app from the Google Playstore. After downloading the app, sign in with your facebook email address and password and fill the provided fields correctly.
Can I Apply For A Loan on my Computer or other operating devices?
The QuickCheck app is ONLY available on android devices for now. However, if and when we launch on other operating systems we will notify the public.
To apply for QuickCheck loan on Google Play Store, CLICK HERE.
KashNow, a digital loan product of UC Plus Advance Limited that allows users to initiate and access instant credit facilities to meet small cash needs through a secured and reliable platform
UC Plus Advance, a subsidiary of United Capital Plc Group, is a consumer finance business that is committed to providing efficient alternative lending solution to you.
KashNow loans range between N10,000 to N50,000 and are typically within one month tenure or repayable from the next salary. KashNow is easy, quick, simple, fast and convenient.
1. KashNow for employee of any organization (Federal government, State government or Private organizations) whose salary is being processed through Remita payment platform.
2. Asset Backed loan (A short to medium-term loan for individuals against their investments)
KashNow loan is initiated either through USSD or through the web.
25. MoneyPal (Zedvance)
MoneyPal owned and managed by Zedvance Limited is the 25th pick on our list of legit loan apps in nigeria by reputation and customers’ feedback for 2020.
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 24 months at Annual Percentage Rate (APR) of 34.8% – 365%.
To apply for MoneyPal loan, by downloading the app on Google Play Store, CLICK HERE
26. C24 Capital
C24 Capital takes the 26th position on our list of legit loan apps in nigeria by reputation for 2020 according to general survey by our customers and others on Google Play Store.
The platform provides retail loans for consumers in need of quick financial solutions and is focused on delivering services that can be accessed online, from any internet-enabled device anywhere within Lagos.
C24 Capital does not exist on Google Play Store or App Store and therefore application has to be completed on the company’s website.
How To Apply For A C24 Loan?
- Check Your Eligibility…Read through our loan requirement to see if you meet our eligibility criterion.
- Personalize Your Offer…Select how much loan you want and how long you want to take it for.
- Borrow & Repay…Once you are done with the application submit your application and you get your loan amount with your own terms within hours.
To apply for personal or business loan with C24 Capital, CLICK HERE.
27. Fair Credit
Fair Credit is a top selection on our list of legit loan apps in nigeria by reputation for 2022. 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%)
It gives interest discounts of up to 90% for early repayments and claims there are no hidden fees
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).
To Download FairCredit On GooglePlay Store, CLICK HERE.
28. Baobab Loans
Baobab Microfinance Bank is our 28th pick on the list of legit loan apps in nigeria by reputation. The platform requires little or no documentation. It gives out loans to individuals and business owners to enable them grow and expand their businesse. They have different categories of loans.
The loan organization claims it can make credit decision and disbursement with in 72 hours if all requirement are met and fulfilled. Baobab gives out loan between N20,000 to N50 million repayable in 1 to 24 month with minimum administrative procedures.
Baobab minimum loan amount is N20,000 and a Maximum amount of N50,000,000. Both depend on the borrower’s repayment capacity assessed based on verifiable business inventory and other criteria.
29. 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 the number 29 legit loan apps in nigeria 2022.
Express Loan: Best and New Personal Loan App for Everyone
Even if people don’t have a bank account or a credit card, Express Loans makes instant loans possible for everyone. Powered by AI technology and cloud computing, Express Loans conducts sophisticated credit check and risk management while provides people a simple money lending user journey.
Features of Express Loans
No Hidden Fees
Interest Rate: 34.0% per annum.
Processing Fees: 4.9%. The fees will be deducted from the credits.
Loan period: we will require the repayment from 90 days to 180 days.
Here is an example, if a user takes the principal amount of KSH 1500 payable in 3 months, interest is KSH 121.5 and the processing fee is KSH 73.5. You will receive KSH 1426.5, while the total amount due is KSH 1621.5.
Get an instant loan in 5 simple steps:
● Download our Express Loans app for FREE now!
● Simple & fast advance loans application process. Apply money loans based on the amount you need.
● Provide basic information and bank details
● Submit an application for approval
● The approved amount will be credited into account within 3 working days
To Download Express Loans On GooglePlay Store, CLICK HERE.
EasyNaira is a digital loan platform for mobile users worth trying out, while we expect your review and feedback. It is our final and 30th pick for instant loan apps in Nigeria by reputation for 2022.
EasyNaira claims it can meet customers’ needs 24/7 and completely online. The application process takes just a few steps with minimal documentation and the approved loan amount will be immediately transferred to your applicant’s bank account.
Loan period: the loan range is from 91 days to 365 days.
Loan amount: the loan amount is from NGN 30,000 to NGN 300,000.
Loan interest: the interest range is from 2.4% – 12% with an equivalent monthly interest of 0.4% – 2% and APR of 4.8% – 24%.
Loan application steps:
1.Register with your phone number
2.Submit your information
4.Add bank account
5.Get moneyContact Us
To Download EasyNaira On GooglePlay Store and apply, CLICK HERE