5 best digital lending apps in Nigeria

Looking for the list of reputable and best digital lending apps found on Google Play Store for your Android phones and on Apple Store for your iOS devices, which are safe for your download, and which won’t threaten you or shame your contacs, QUICK LOAN ARENA brings you the top 5.

When you are in need of instant cash or quick loan to meet emergency needs or financial obligations and you cannot wait for payday or month end for your salary, or you are running a business and you need to shore up your working capital? Any of this list of top 5 specially selected digital lending apps could meet your need.

Let us go on the ride. The list include:

1. Carbon
2. QuickCredit
3. FairMoney
4. Branch
5. QuickCheck

 1. Carbon

Carbon Digital lending app that claims to give up to N1m unsecured

Carbon, formerly known as Paylater, is one of Nigeria’s leading digital lending apps that gives instant loans to its customers. With over 40 employees, they have a presence in Nigeria, South Africa, United Kingdom, Ghana and Portugal.

Digital lending from Carbon do not require collateral or guarantors. At your first try, you may not be able to access big funds, you start by borrowing small, and paying back as at when due, then you can have access to bigger funds.
The loan platform is available 24/7. You can apply on weekends and holidays and get a quick loan.

How To Apply for a Quick Loan from Carbon

You need to download and use the Carbon app. (SEE BELOW FOR DOWNLOAD LINK.)

You will be required to provide your basic details such as name, phone numbers and more.

A photo of you which you may have to snap real time with your phone via the app

Bank Verification Number (BVN)

Bank account details

Your ATM card that will be used to pay back loan. You will also submit major details of the card. You will be billed an initial N50 or N100 to authenticate the card.

Download the app
The first step towards getting a loan is to download the app from Google play store or Apple App store. The app is for android and iOS devices.

To download the app on Google Play Store CLICK HERE.

To download the app on Apple Store for iOS devices, CLICK HERE.

To get more information about Carbon quick online loan app CLICK HERE.


2. QuickCredit

QuickCredit digital lending app that gives up to N100,000 with no paperwork

QuickCredit is a simple, technologically deployed digital lending app that provides micro loans for short- terms duration to help meet and cover unexpected emergency expenses and urgent cash needs.

With QuickCredit, getting loans is a simplified process and you can apply for up to ₦100,000 with loan tenors of up to 90days and have your money sent straight to your bank account in minutes.

Quick Credit super-fast loan solution comes with no paperwork and no delay to meet your urgent financial needs within 24 hours.

How To Apply For QuickCredit Loans

Create Account

Register through their website, our MoneyPal app or by chatting Zee on Whatsapp
man beside giant iphone x-series illustration

Apply for a loan

Fill out our brief application form with your information and we’ll review your application within Five (5) minutes.
man spraying cash on a giant credit card illustration

Receive funds

Once approved, funds are typically received within 5 minutes.

To register and apply for loan through their website CLICK HERE.

To download the app on Apple Store for iOS devices, CLICK HERE.

To get more information about Carbon quick online loan app CLICK HERE.



FairMoney is a top digital lending app in Nigeria for quick, seamless loans. Its procedures and excellent customer service is of great benefit.

Digital lending 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%)

Digital Loan characteristics
Loan amount from ₦1,500 to ₦1,000,000
Repayment periods from 61 days to 18 months
APR from 30% to 260% per annum
Interest discounts of up to 90% for early repayments
No hidden fees

You can download the FairMoney digital lending app on Google Play Store by clicking here

To read more about FairMoney app, CLICK HERE.

To visit FairMoney website CLICK HERE.


4. Branch

Branch International is a digital lending app that make it easy for people in Nigeria to get quick loan up to ₦500,000, to transfer money for free, and enjoy investment yields of 20% per annum.

Branch has offices in Nairobi, Kenya; Lagos, Nigeria; Mumbai, India; and San Francisco, United States, though at the moment, it operates in India, Kenya, Tanzania, and Nigeria.

At the moment, Branch do not provide customer support by phone number or in person. They request customers to send them a message via the app any time, and promises to help resolve whatever issue such people may have.


Digital lending process of Branch is designed to fit the needs of the borrower and help him or her grow. As you build credit with Branch, you unlock larger lending amounts.

Get what you need on the go

Unlike other digital lending apps, Branch don’t make you jump through hoops or fill out paperwork. Simply apply through the Branch app and get approved in under 24 hours.

No hidden fees, no surprises

Branch digital app claims it doesn’t charge late fees or rollover fees, nor put restrictions on how you spend your money, and their customer support team is available 24/7, according to the app.

What is required to receive a Branch loan?

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.

To read more about Branch loan details, CLICK HERE.

To download the app from Google Play Store and apply for loan, CLICK HERE.


5. QuickCheck

QuickCheck is a digital lending app that uses machine learning to predict borrower’s behaviour and instantly evaluate loan applications. Its aim at offering digital financial services to help Nigerians get closer to their personal and business goals.

How To Apply For A Loan With QuickCheck digital Loan

Create a Profile
Download the app for free,
Sign up for an account
and let us get to know you.

Apply for a Loan
Apply and we will instantly
run your credit score and let
machine learning decide
if you qualify.

Get Cash
If you qualify,
your cash will be disbursed
within minutes
to your bank account.

To download the app on Google Play Store for android devices, CLICK HERE.

To get more information about QuickCheck online loan CLICK HERE.

To visit their website CLICK HERE.

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