Instant Cash in Nigeria: Top 30 quick online loan apps on Google Play 2021

Instant Cash in Nigeria: Top 30 quick online loan apps on Google Play 2021

Why Online Loan Apps?
Applying for Quick Online Loans in Nigeria
Features of Quick Online Loan Apps
Benefits of Quick Online Loans in Nigeria
Top 30 Quick online loan apps in Nigeria

Why Online Loan Apps?

A sudden financial crisis is unavoidable for anyone. Gathering funds to manage such circumstances could have been a challenge when there was no digital lending system made possible through online loan apps. Today, the scenario is completely different. Technology has taken our lives to a whole new level. Getting quick online loans is possible within a few minutes from the moment you apply for it.

Quick loans are different from the traditional loans that are available with banks and financial institutions. The lending process is quick which involves an easy registration and verification. If you are eligible for a quick online loan, the lender will immediately transfer the required funds into your bank account. You can repay the loan in comfortable terms that is already opted by you.

Applying for Quick Online Loans in Nigeria

Most of the quick loans have zero physical documentation, 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 the quick loan. 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 application 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.

Features of Quick Online Loan Apps

When you need finance immediately in an emergency, quick loans come handy. Some of the salient features of quick loans are:

Quick registration Process, Quick Verification, No Collateral, Higher Interest Rate, Lower Tenure usually within 1 to 12 months.

Benefits of Quick Online Loans in Nigeria

Quick loans are beneficial in times of need and meeting emergencies. Some of the major benefits of taking a quick loan are:

Speedy Disbursal, Little or no Credit Check, No Collateral, Easy Online Application, Zero Physical documentation:

Top 30 Quick online loan apps in Nigeria

Below are a list of leading online loan apps in Nigeria

1. FairMoney
2. Access More
3. OKash
4. Starloan
5. CreditAll
6. QuickCheck 
7. CashCredit
8. Renmoney
9. GSOU Loan
10. Umba   
11. iMoney                                                                                                                                                                                      12. GTWorld                                                                                                                                                                                  13. TrueNaira          

14. Quick Credit

15. XCredit

16. UCredit

17. Getcash

18. Next Credit

19. Easy Credit

 

1. FairMoney

FairMoney is a quick online and instant loan app and a leading digital bank in Nigeria.

In the last four years, over 3 million customers have patronised FairMoney for quick online 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%)

Quick 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

An example of a FairMoney loan
Borrow ₦100,000 over 3 months
Interest (total cost of the loan): ₦30,000 (30% rate)
Three monthly repayments: ₦43,333
Total amount payable: ₦130,000
Representative: 120% APR

Now, the FairMoney app is more than just a loan app. The platform owns 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).

With the FairMoney app, you can:
– Get an account number and use it to receive money from anyone in Nigeria
– Add money to your account
– Send money to any bank account for FREE
– Apply for loan and receive it instantly
– Pay your bills

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

2. Access More

The Access More App is owned by Access Bank Plc and it’s a banking and quick loan app that gives PayDay loans to its customers among other things. Unfortunately the services are only available to account holders of the bank. You can also open a new account if you want to become their account holder.

The App is built to help the bank’s customers execute their financial transactions, payment solutions and enjoy a lifestyle experience. Prospect customers are welcome to become account holders by downloading the App and onboarding themselves on the platform seamlessly.

The following unique features are available on the App:
Quick account opening
Investment services
PayDay Loan
Improved beneficiary management
Efficient bills payment
Inter-bank transfers
Simplified foreign currency transfer service
Airtime top-up

How to get the Access More App

Download and install the Access More App
Existing Access Mobile App users can login with the same username and password and transact with their existing PIN
Existing Diamond Mobile App users can login with the same username and password and transact with their existing PIN
For new users, simply open the downloaded App and register

You can download the Access More app on Google Play Store by clicking here

3. OKash

Okash is a quick loan app that gives you easy access credit anytime, anywhere in Nigeria.

It is a convenient quick online lkoan platform for Nigeria mobile users managed by Blue Ridge Microfinance Bank Limited. OKash fulfills customers’ financial needs completely online 24/7. The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the applicant’s bank account

Loan Products:
Tenure: Repayment ranges from 91 days to 365 days.

Loan Amount: from NGN 3,000 to NGN 500,000.

Interest Rate: With a minimum of 0.1% up to 1%

Their interest rate is calculated on a daily basis. Annual interest rates from 36.5% to 360%.

Origination Fee: Range from NGN 1,229 – NGN 6,000 for a one-time charge

Why OKash?
1.You can apply a loan by your credit. Don’t need any deposits or guarantees.
2. Up to NGN500,000. Disburse to your bank account.
3.Paperless and digital process on your mobile. All the steps can be done online.
4.We do not share your data with any third parties without your consent. Your data is totally safe with us.
5.Don’t worry about forgetting repayment. We’ll send messages to remind you.

How it works?
1. Install the OKash APP from the Play Store.
2. Register an account.
3. Select the product you would like to apply for.
4. Fill out your basic information, then submit the application.
5. After the submission, you may receive a call for verification. The final application result will be shown in the APP and you will be informed by SMS if approved.
6. E-sign the loan agreement after the approval.
7. After the E-sign, the approved loan amount will be disbursed into your account shortly and a SMS notification will be sent.

Eligibility:
1. Nigeria Resident.
2. 20-55 years old.
3. Source of a monthly income.

CONTACT
Customer Service Email: support@o-kash.com
Customer Service Hotline: (+234)08097755512,08097755514
Address: Room 301, Japaul House, Plot 8 Dr. Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria

You can download the Okash app on Google Play Store by clicking here

4. Starloan

Starloan is a quick loan app in Nigeria that provides mobile users with convenient lending services. Once approved, the money will be immediately transferred to your account.

Product Features

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.

For example:

If you apply for a loan of ₦20,000, the term is 120 days and the annual interest rate is 18%.
So the daily interest rate=18%/365=0.05%, the interest for 120 days =₦20,000×18%/365×120= ₦1184, the totally repayment=₦20,000+₦1,184= ₦21,184.

Who can apply
Eligibility:
1. Nigeria Resident.
2. 22-55 years old.

How to APPLY
1.Download Starloan App from google play store and install.
2.Register an account with your phone number.
3.Fill in basic information.
4.After the submission of the loan application, the final result will be shown in the APP.
5.If approved, the loan amount will be disbursed into the bank account directly.

Contact:
Customer Service Email: starloan9527@gmail.com
Customer Service Phone: 8094695759
Address:360 Herbert Macaulay Way, Yaba 101245, Lagos, Nigeria

You can download the Starloan app on Google Play Store by clicking here

5. CreditAll

CreditAll is a quick online loan app in Nigeria without collateral or documentations. It’s a convenient and reliable way to fix your spending gap.

Loan amount: ₦3,000 – ₦50,000
Loan term: the shortest is 91 days, the longest is 365 days
Daily interest rate: 0.0057%
Maximum annual interest rate APR: 20.55%

How To Get A Quick loan
1. Create your account.
2. Apply in seconds.
3. Receive your loan straight into your bank account.
4. Increase your loan limit every time you repay a loan.

Eligibility For users
1. Nigeria Citizen.
2. Above 18 years old.
3. Valid Document and proofs.
4. Must have an active bank accounts.

Contact
We focus on fast, online loans in Nigeria without collateral, It’s a convenient and reliable way to fix your spending gap.
We’re always excited to hear from you! If you have any feedback, questions, or concerns,
E-mail: service@creditall.net
Mobile: +234 09120180630.

You can download the CreditAll app on Google Play Store by clicking here

6. QuickCheck

QuickCheck is a quick loan app owned by a Nigerian Fintech company that aims to provide banking services to the underserved. Built by people who work towards solving real-world problems, the company observes that a large portion of the Nigerian population has no access to proper banking services and thus aims to fill this gap every day, one Nigerian at a time.

With the QuickCheck Quick Loan App, there are no long queues, no long wait times, no collateral or guarantors needed. Just your smartphone and our loan app and you gain access to quick cash credited straight into your bank account. Access quick cash loans at single-digit interest rates, anywhere, anytime. This loan app for Nigerians, helps you access instant online quick credit without collateral.

Availability
Our loan app is available to serve customers in Nigeria with Android phones only.

How to Apply
If you live in Nigeria, need quick cash to settle emergencies and have an android device, all you have to do is
Step 1: Download the loan app for free
Step 2: Sign up to create an account
Step 3: Apply for a collateral-free loan in less than one minute
Step 4: Credit scoring using our algorithm will be carried out (no collateral needed)
Step 5: If eligible, the cash loan will be credited into your account within minutes
If you are not eligible, please apply again.

Why Use QuickCheck?
– Borrow up to ₦200,000
– Choose your payment tenure
– Fast and easy access to loans, with no hidden charges
– Account is credited as soon as the loan is approved
– No collateral or guarantor needed
– QuickCheck Loan App is extremely secure and reliable
– Artificial intelligence is used to run credit scoring, making loan decisions instant!
– We are available 24/7 to support you

Fees and Interest
A QuickCheck loan has interest rates starting from as low as 5% monthly on the first loan. Loans range from ₦1,500 to ₦500k with terms from 91 days – 1 year. Interest ranges from 2% – 30%, with an equivalent monthly interest rate of 1 – 21%. (APRs from 30% to 260%)

Example:
– Borrow ₦100,000 over 6 months
– Interest rate: 13% p.m. (fixed)
– Three repayments of ₦ 25,000
– Total amount payable: ₦150,000
– Representative: 13% APR

To start, simply create your account, apply for a loan and receive the money in your bank account instantly!
A good credit score improves the chances of your loan getting approved. To find out how to improve your credit score, read our blog – quickcheck.ng/blog.

CONTACT
Support@quickcheck.ng.
You can also reach us on our social media pages: @quickcheckng on Instagram and Twitter.
QuickCheck Nigeria on LinkedIn, and QuickCheck on Facebook.
Website – www.quickcheck.ng,

You can download the QuickCheck app on Google Play Store by clicking here

7. CashCredit

CashCredit is a Quick Loan App that provides Nigerian mobile users with convenient lending 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 disbursed to the applicant’s bank account.

Product Features
1.High Loans Amount: NGN 7,000 to NGN 100,000.
2.Long Loan Tenure: 91 days ~ 365 days.
3.24×7 access to loans with intelligent online process.
4.No credit history required.
5.Automatically reviewed: 24×7 access to loans.

WHO can apply?
1.18 years or above.
2.With regular source of income.

Interest, Penalty:
1.The Annual Percentage Rate (APR) is 30%.
2.No membership fees No Origination Fees No Rollover Charge No Transaction Fees.
3.Penalty is charged only when someone delays their scheduled payment.

Example:
If the loan amount is ₦10,000 for 365 days (12 months), the APR is 20%, the interest and total amount to pay on the due date is:
Interest: ₦ 10,000 * 20% = ₦ 2,000
Total amount of repayment: ₦10,000 + ₦2,000 = ₦12,000.
As the repayment period is for 12 months:
Monthly repayment is ₦10,000/12+ ₦10,000*20%/12 = ₦1,000

How to APPLY?
1.Download CashCredit App from google play store and install.
2.Register an account with your phone number.
3.Fill in basic information.
4.After the submission of the loan application, the final result will be shown in the APP.
5.If approved, the loan amount will be disbursed into the bank account directly.

CONTACT
Customer Service Email: service@cashcreditapp.com

You can download the CashCredit app on Google Play Store by clicking here

8. Renmoney

Renmoney is a quick online loan app in Nigeria with 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.

The Renmoney app gives you instant access to quick loans, savings and investments with competitive interest rates.

What you get with a Renmoney loan

Fast and convenient loans from ₦6k to ₦6m
Flexible repayments from 3 – 24 months
Money in your bank account in minutes
Lower rates and longer tenure on your next loan
No paperwork
No collateral or guarantor needed
No hidden charges – you always see your loan terms before you commit
We keep it simple, no confusing language
Support team always available to help
Secure processes

The loan process

Download the mobile app
Share some information about yourself
Verify the information you have provided
Get money in your bank account once you’re approved

RENMONEY INTEREST RATE AND LOAN REPAYMENT

With Renmoney you can apply for a loan of ₦6,000 – ₦6,000,000 without collateral and repay in 3 -24 months. Monthly interest rates range from 2.4% – 9.33% and the maximum Annual Percentage Rate (APR) is 35.76%. No other fees are charged.

Representative example:

Loan Amount: ₦2,000,000

Loan Tenure: 12 months.

Number of Repayments: 12

Monthly Interest Rate: 2.4%

Monthly repayments: ₦214,667.00

Total amount payable: ₦2,576,000.00

APR: 28.8%.

CONTACT

Email: hello@renmoney.com
Call: 0700 5000 500
Visit: www.renmoney.com
Like on Facebook: https://web.facebook.com/renmoney
Follow on Instagram: https://www.instagram.com/
Follow on Twitter: https://twitter.com/home
Follow on Medium: medium.com/@renmoney
Visit our offices

Ikoyi: 23, Awolowo Road Ikoyi, Lagos, Nigeria
Opebi: Pentagon Plaza, 23 Opebi Road, Ikeja, Lagos, Nigeria
Surulere: Kings Plaza, 80, Adeniran Ogunsanya Street, Surulere, Lagos, Nigeria

You can download the Renmoney app on Google Play Store by clicking here

9. GSOU Loan

GSOU Loan is a personal quick online loan platform, It focus on providing high quality lending service, responding to user needs quickly, improving the reliability of loans.

As your credit score grows, the loan amount increases for every loan.
You can apply a loan completely online according to your financial needs every time, every where.

Product Introduction:
Tenure: 91 days – 180 days

Loan Amount: 8,000 NGN – 100,000NGN
Maximum APR: 25.55%;(0.07%days)
Other fees: 0

Interest calculation: Lending amount is 100,000 NGN, APR is 25.55%,term is 91 days. on the due date, the amount payable is 106,370 NGN (100,000 * 25.55% / 365 * 91 + 100,000)

Why Loan Money?
– Hight credit amount
– Flexible loan term
– Low interest rate
– High quality customer care

Who Can Apply?
– Nigeria resident
– Over 20 years old
– Good credit

Loan Money Security:
Your data is safe with our secure server. It is transferred over a secure HTTPS connection to us, and we do not share it with anyone without your consent except the lenders.

Contact
Working time: 10:00 ~ 18:00 on working day
Email:nizservices.loan@gmail.com

You can download the GSOU Loan app on Google Play Store by clicking here

10. Umba

Umba is a quick loan app on Google Play Store that 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.

What do people use Umba for? Plenty of things, like:
Getting a Mobile Money Loan
Apply mobile money loan in seconds. Receive mobile money to your M-Pesa account.

IT’S EASY 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

KEY UMBA FEATURES: LOANS ARE JUST A TOUCH AWAY
Umba puts you in control of your finances. The Umba app lets you apply for credit on the go and it works 24/7.
No paperwork, collateral or office visits needed
You can use your Umba loan to send money directly to your M-Pesa account, to merchants, or utility providers
No late charges or rollover fees
Get access to bigger loans, lower fees, and flexible payment terms as you repay
Loans are approved and disbursed quickly
Get access to credit to build the life you want — for your business, your home, your family, your life.

SAFE AND SECURE
Umba makes getting a personal loan simple by using the data on your phone including your SMS history to verify your identity and create a credit score. We encrypt the data you choose to share with us to protect your privacy. We take your privacy very seriously and promise to never share your information with third parties.

You can download the Umba app on Google Play Store by clicking here

11. iMoney

iMoney is a quick online loan app in Nigeria domiciled on Google Play Store that gives instant cash of between N5,000 to N500,000

The Quick Loan App offers:
1. Loan Amount: ₦5,000 ~ ₦500,000
2. Loan Term: the shortest tenor is 91 days, the longest is 180 days
3. Interest rate: 12% – 36%APR
4. Service Fee: 0%
5. Loan request: Need to be at least 18 years old or above

Example: If the loan amount is ₦5,000, the loan term is 180days, and the Interest rate is 12%, the total Interest should be ₦5,000 * 12% = ₦600.

To apply for a loan, you just need to follow several steps:
* Create your account
* Apply a loan
* Receive your loan straight into your bank account
* Build your loan limit every time you repay a loan

Your loan is sent to you right through your bank account:
Nigeria: Any bank account

CONTACT
Facebook page: https://www.facebook.com/pg/iMoneytech
Email:help@imoney.ng
Address: (SAPETRO) TOWERS 1, ADEOLA ODEKU STREET, VICTORIA ISLAND LAGOS.(Lagos, LAGOS)

You can download the iMoney app on Google Play Store by clicking here

12. GTWorld

With GTWorld, you have a Mobile Banking and Quick Loan App that is designed to cater to all that’s important to you easily and seamlessly. However to enjoy its services, you first have to open an account with the bank.

Key Features:
• 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.

Manage your Accounts:
• Set up a new account and view your account balance(s).
• View transaction history and search transactions
• Fx Transfers to all Banks
• Confirm and manage your cheques.

Payment and Bills
• Pay bills
• Transfer money to GTBank accounts and all other banks.
• Buy airtime and data for self and third party.
• Schedule and manage standing orders

You can download the GTWorld app on Google Play Store by clicking here

13. True Naira

TrueNaira is another quick loan app in Nigeria offering small loan amounts between N2,000 to N50,000

Loan Applicant Requirement
* Age between 20 to 60
* Nigeria Citizenship

The Online Loan App offer
* Loan Amount: ₦ 2000 – ₦ 50,000
* Loan Term: 91 – 365 days
*Annual Interest rate: 16% -21%
* Service Fee: 0

Example
If you choose a 6-month loan and borrow ₦1,000, TrueNaira charges an interest rate of 1.3% per month. And the interest rate is 7.9%, we would charge you ₦79 as interest of 6-month repayment period. Total amount of repayment is ₦1,079, monthly payment is ₦179.

To apply for a loan, you just need to follow steps:
* Create your account and apply a loan
* Receive your loan straight into your bank account
* Build your loan limit every time you repay a loan

CONTACT
We’re always excited to hear from you!
Message us on WhatsApp : +234 7048057921
Office Address: Lekki, Lagos, Nigeria

You can download the TrueNaira app on Google Play Store by clicking here

14. Quick Credit

Quick Credit is a Quick Loan app in Nigeria that 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.

Product Features
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%.

WHO can apply
1.18 years or above
2.With regular source of income

For Example:
91-day loan payment terms have a origination fee of 8%. For the loan processed with principal amount of NGN.10,000, the origination fee would be NGN.800, the total amount due would be NGN.10,800.

How to APPLY
1.Download Quick Credit App from google play store and install.
2.Register an account with your phone number.
3.Fill in basic information.
4.After the submission of the loan application, the final result will be shown in the APP.
5.If approved, the loan amount will be disbursed into the bank account directly.

CONTACT
Customer Service Email: service@quickcredit.cc

You can download the Quick Credit app on Google Play Store by clicking here

15. XCredit

XCredit is a quick online loan app in Nigeria that gives customers loans from N5,000 to N500,000 with a repayment tenure ranging from 91 to 180 days.

FEATURES OF XCredit QUICK LOAN APP:

1. Loan Amount: ₦5,000 ~ ₦500,000
2. Loan Term: the shortest tenor is 91 days, the longest is 180 days
3. Interest rate: 12%-24% APR
4. Service Fee: 0%
5. Loan request: Need to be at least 18 years old or above

Example: If the loan amount is ₦5,000, the loan term is 180days, and the Interest rate is 12%, the total Interest should be ₦5,000 * 12% = ₦600.
The total amount due would be ₦5,000+₦5,000 * 12% = ₦5600.

To apply for a loan, you just need to follow several steps:
* Create your account
* Apply a loan
* Receive your loan straight into your bank account
* Build your loan limit every time you repay a loan

Your loan is sent to you right through your bank account:
Nigeria: Any bank account

CONTACT
Facebook page: https://www.facebook.com/XcreditNG/
Email:help@xcredit.cc
Address:2ND FLOOR WING A, SOUTH ATLANTIC PETROLEUM
(SAPETRO) TOWERS 1, ADEOLA ODEKU STREET, VICTORIA ISLAND LAGOS.(Lagos, LAGOS)

You can download the XCredit app on Google Play Store by clicking here

16. UCredit

UCredit is a quick online loan app that provides customers with high quality services and intelligent instant cash access. Through this platform users can get easy access to apply loans anytime even at home.

If customers pay back their quick loans on time, they can take next loans without any other documentations.

WHO can apply?
1.18 years or above.
2.With regular source of income.

Product Features:
1.Loans Amount: NGN 7,000 to NGN 100,000.
2.Loan Tenure: 91 days ~ 365 days.
3.The Annual Percentage Rate (APR) is 15%~30%.
4.No membership fees No Origination Fees No Rollover Charge No Transaction Fees.
5.Penalty is charged only when someone delays their scheduled payment.

Example:
If the loan amount is ₦10,000 for 365 days (12 months), the APR is 20%, the interest and total amount to pay on the due date is:
Interest: ₦ 10,000 * 20% = ₦ 2,000
Total amount of repayment: ₦10,000 + ₦2,000 = ₦12,000.
As the repayment period is for 12 months:
Monthly repayment is ₦10,000/12+ ₦10,000*20%/12 = ₦1,000

How it works?
1.Download UCredit App from google play store and install.
2.Register an account with your phone number.
3.Fill in basic information.
4.After the submission of the loan application, the final result will be shown in the APP.
5.If approved, the loan amount will be disbursed into the bank account directly.

CONTACT
Customer Service Email: service@ucreditapp.com

You can download the UCredit app on Google Play Store by clicking here

17. Getcash

If you are a Nigerian and aged more than 25 years old and have a stable job, you can apply for a quick loan from Getcash digital loan app. You can repay within 91 to 180 days.

Significant advantages:
Instant Approval
Transparent Charges
Friendly Choices to Repay

RATES AND FEES

We provide quick loan from ₦5,000 to ₦100,000 and the repayment period range from 91days to 180 days. The interest of Getcash is lowest among all the loan app in your phone, which is from 5% to 27% and APR is from 26% to 334%.

– Example:
If you get the loan of N3,000 and you prefer to pay back after 180 days, the interest of the loan would be 3.5% per month and the total interest rate would be 21%.When the due date arrived, you should repay N3,630 to Getcash.

Anytime and anywhere,you could get the quick loan service from Getcash, all around the clock, from Monday to Sunday,.

Your information will never be infringed by Getcash.

CONTACT

– Facebook: https://www.facebook.com/GetCashservice/
– Address: Admiralty Way, Beside Tantalizers, Providence House 105112, Lekki Phase 1, Nigeria

You can download the GETCASH app on Google Play Store by clicking here

18. Next Credit

Next Credit is an quick online loan app that focuses on fast, online loans in Nigeria without collateral, It’s a convenient and reliable way to fix your spending gap.

Loan amount: ₦3,000 – ₦50,000
Loan term: the shortest is 91 days, the longest is 365 days
Daily interest rate: 0.0057%
Maximum annual interest rate APR: 20.55%

# Loan example & calculation method
Calculating the number is very easy. For example, if you choose a 12-month 10,000 loan principal, we
will show the details below:
Installment plan: 12.
Principal: 10,000.

Amount of expenditure: ₦99,63.002. Amount of expenditure = principal – GST – expenses ₦10,000 – ₦369.98 – 0 = ₦99,630.02.
PMT (monthly payment amount): ₦1004.6. PMT = ₦10000 x (1 + 20. 55%)/ 12 = ₦1004.6.
Cost:₦O.
Total interest: ₦2055.
Total amount: ₦12055. Total amount = principal + Total interest = ₦12055.
Total interest rate: 20.55%. Total interest rate = total interest / principal * 100% =, ₦12,055 / ₦10,000 * 100% = 20.55%.
Monthly interest: 1.71%. Monthly interest = total interest rate / installment = 20.55% / 12 = 1.71%.

Get a loan
1. Create your account.
2. Apply in seconds.
3. Receive your loan straight into your bank account.
4. Increase your loan limit every time you repay a loan.

About applying users
1. For 25-50 years old, you need to have a fixed job.
2. Use your money the way you want – for a home or business.

CONTACT

Nextcreditservice@gmail.com or call us at +234 9121540760.

You can download the Next Credit app on Google Play Store by clicking here

19. EasyCredit

EasyCredit is a quick loan loan app domiciled on Google Play Store that gives out loan amount between N3,000 to N100,000 to Nigerians without collateral or documents.

– Lending amount: 3,000 NGN – 100,000 NGN with the lending term: 91 days – 365 days
– Interest ranges from 0.1% – 1%, one-time processing fee ranges from 1,256 NGN – 6,000 NGN, and the maximum APR 40%.
AN EXAMPLE OF A EASYCREDIT LOAN:
– If you choose a 91days loan and borrow N 3,000. EasyCredit charges an interest rate of 3.1% and a processing fee of 9.1%, we would charge you N93 as interest and N273 as processing fee. The total amount of repayment is N3,366

HOW TO APPLY FOR A LOAN:
– Install the EasyCredit APP;
– Register an account;
– Apply;
– Receive your loan;
– Increase your loan limit each time you repay your loan.

WHY CHOOSE EASYCREDIT:✨
– No paperwork, mortgage, or office access required
– Use your money the way you want – for a home or business.
– We are available 24 hours, every day of the week.

WHO CAN APPLY:✨
– Nigeria Resident.
– 20-60 years old.
– Monthly income source.

CONTACT:
– Email: help@easycredit.app
– WhatsApp: 2348088227615
– Hotline: 09087614188
– Address: Opebi road No. 20, Ikeja, Lagos

You can download the UCredit app on Google Play Store by clicking here

20. 


BECOME QUICK LOAN ARENA BUSINESS PARTNER

Register to become our business partner and enjoy our free advisory and consultancy services on getting a quick loan from our list of accredited lending partners and also guide on the process of loan application.

Disclaimer: Quick Loan Arena is not a loan agency and we do not give out loan to anybody. We however provide quick loan brokerage services and seeks to educate individuals and small businesses about instant loan opportunities to help them make informed decisions.

Speak with any of our Quick Loan Consultants for more information! Call or Whatsapp +234 (0)803 385 7245.

Do remember to give us a feedback about your quick loan experience after the lending process is executed.

READ ALSO! Money In Minutes: Instant Online Quick Loans In Nigeria Without Documents

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READ ALSO! Quick Online Loans In Nigeria: 20 Platforms Needing No Collateral – Series 1

READ ALSO! Quick Online Loans In Nigeria Without Collateral: 20 Top Platforms – Series 2

READ ALSO! Quick Loan In Nigeria Without Collateral: Consider Page Financials

READ ALSO! C24 Capital: Credible And Quick Loan Up To N1m But Lots Of Paperwork

READ ALSO! You have a job offer or you are an applicant looking for job, click here or whatsapp 0803 239 3958 to reach us

READ ALSO! How I Was Lured Into Debt Trap With N2.5m Specta Quick Loan From Sterling Bank

READ ALSO! EasyMoni: Stop Sending Threats To Customers’ Contact List: Do Your Homework If You’re Real!

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About the Author: Femi Adeoya

12 Comments

  1. Why would you put up Sokoloan here?….your report on sokoloaon is very misleading….most of the loan Apps you put up here are just7 days repayment with inconsiderate high interest rate. Sokoloan will start abusing, cursing and sending character damaging messages to you contacts if you ever default for a day!…They do not respect the privacy agreement they wrote there. And next credit are worse they will call all your family members criminals and send the messages to your contacts that your whole families are criminals on the run with company’s money….

    It seem they have bribed you for you to be advising people to take loans from them. Oga, what exactly is your mission???

    1. Thanks for the feedback Mr Amaka Manuel. We didn’t have full information and overview of Sokoloan and some other rogue loan apps as at the time we published the article… Even we have blacklisted Sokoloan and some other similar fraudulent apps…. THIS ARTICLE WILL BE UPDATED NOW. THANKS ONCE AGAIN.

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