UPDATE: Top 22 reputable loan apps for instant cash in Nigeria

UPDATE: Top 22 reputable loan apps for instant cash in Nigeria

Why Patronize Loan Apps?
How To Apply for Quick Loans in Nigeria
Typical Features of Loan Apps 
Benefits of Loan Apps
Top 22 Reputable loan apps in Nigeria

Why Patronize 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 loans is possible within a few minutes from the moment you apply for it.

How To Apply for Quick Loans in Nigeria

QUICK LOAN ARENA understands that 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.

Typical Features of 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 Loan Apps

Quick loans are beneficial in times of need and meeting emergencies. Some of the major benefits of taking a quick loan include: Speedy Disbursal, Little or no Credit Check, No Collateral, Easy Online Application, Zero Physical documentation:

Top 22 Reputable loan apps in Nigeria

Below are QUICK LOAN ARENA list of top 22 reputable loan apps in Nigeria

1. iCredit
2. Carbon
3. FairMoney
4. BorrowNow
5. OKash
6. Starloan
7. CreditAll
8. QuickCheck
9. Fast Money
10. PalmCredit
11. iMoney
12. CashCredit
13. GTWorld
14. Renmoney
15. Quick Check
16. Umba
17. Money In Minutes
18. Page Financials
19. ALAT by Wema
20. LendCash
21.  Branch
22. GETCASH

1. iCredit

Icredit is one of the numerous loan apps hosted on Google Play Store, giving out instant cash loan to Nigerians without the use of document or collateral.

Representative Example of the total cost of the Loan:
-If you apply amount ₦ 4,000 with total 91days (45 days 1st installment & 46 days 2nd installment) loan on 22 Mar 2021.
-You will get the loan amount ₦ 4,000 on 22 Mar 2021.
-The 1st installment due date is 5 May 2021 with amount ₦ 2,000, Interest ₦ 90 and origination fees ₦ 810, due repayment is 2,000+90+810=₦ 2,900
-The 2nd installment due date is 20 Jun 2021 with amount ₦ 2,000, Interest ₦ 46 and origination fees ₦ 414, due repayment is 2,000+46+414=₦ 2,460
-The total repayment should be 1st installment due repayment ₦ 2,900 + 2nd installment due repayment ₦ 2,460 = ₦ 5,360.

ELIGIBILITY
Nigeria Resident.
20-55 years old.
Source of a monthly income.

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.

FEATURES
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.

CONTACT
support@goodicredit.com, Email: support@goodicredit.com
Address: 9 Oluwole Omole Street, off Eso Street off Toyin Street Ikeja. Lagos Ikeja, 100001, Lagos, Nigeria

To download iCredit app on Google Play Store, CLICK HERE.

2. Carbon

Carbon Quick online loan app gives up to N1m unsecured

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

Quick 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.

How To Apply for instant cash 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 loan 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.

3. 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

4. BorrowNow

BorrowNow is a quick loan app on Google Play Store that makes it possible for you to access instant cash anytime, anywhere.

This is a simple free application that helps you locate the best lenders for quick legit guaranteed payday loans and cheap personal credit loans to get money.

Loan Products:
Loan Term: 91 – 360 days , Interest rate:16% – 24% APR , Loan Amount: Up to ₦ 250,000
For example:
if a customer borrows ₦10,000 for 180 days (6 months), the APR is 18%
So the total Interest would be 10,000 NGN *18%*180/365 = 887 NGN.
The monthly payment would be (10,000 NGN +887 NGN )/6 = 1,962 NGN.
The total repayment amount would be 10,887 NGN.

Who can apply for the loan:
– Between 19 to 60 years old
– Nigeria Residents
– BVN available
– Available bank card

How to apply a loan?
• Download BorrowNow App
• Have good credit record.
• Create your account by filling in several quick questions
• Apply in seconds
• Receive your loan straight into your account
• Increase loan limit every time you repay on time

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

5. 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

6. 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

7. 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

8. 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

9. Fast Money

FAST MONEY is a quick online mobile loan app, available in Nigeria. Download and follow a simple application process to get an instant loan in your bank account in a few minutes.

Loan Advantages:
1. Loan up to NGN 300,000
2. Without any mortgage
3. Low interest rate
4. Long time repayment
5. Quick and safe

Loan Steps:
1. Install the FAST MONEY 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. Receive your loan straight into your bank account.

Loan Products:
Loan period: we will require your repayment from 91 days to 365 days.
Loan amount: from NGN 5,000 to NGN 300,000.
Loan interest: ranges from 4.5% – 34% with an equivalent monthly interest of 3% – 29% and APR of 29% – 365%.

Example:
if you choose a 6-month loan and borrow NGN 1,000, FAST MONEY charges an interest rate of 4.4% per month. And the interest rate is 26.4%, we would charge you GNN 263 as interest of 6-month repayment period. Total amount of repayment is NGN 1,263.

Loan Eligibility:
1. Nigeria Resident
2. 20-55 years old

CONTACT

For more information, contents or suggestions:
– Facebook: https://www.facebook.com/FAST-MONEY-101325248519264
– Email:FastmoneyTechnology@gmail.com
– Address:Venia Business Hub,plot,8providence street,Lekki Phase1,Lagos.

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

10. Palmcredit

PalmCredit: Top 10 loan apps that gives instant cash up to N300,000

When your financial obligations are overwhelming you and the bills piling up, Palmcredit lending app can provide an instant cash for you. The lending platform says it can provide a quick loan of up to ₦300,000 in less than 3 minutes without any form of collateral.

Palmcredit is another of our top 10 quick loan apps where you can borrow between N2,000 to N300,000 quick loan and if your documentations are complete and accurate, you can get your disbursement within a business day, the platform claims.

Features

1. Palmcredit offers quick loans of 2,000 – 300,000
2. It is a no-collateral loan application
3. Its quick loan can be ready within a day if your documents are ready

Pros

Quick loan within a day

No collateral needed

Rate are flexible and competitive

No need for any physical office visit

Cons

You can’t collect more than N300,000 quick loan

Palmcredit app do misbehave occasionally according to customers’ feedback (see bottom)

Customer service is very poor

Repayment can be cumbersome and sometimes not reflected real time

How Can You Get A Quick Loan From Palmcredit?

1. Download PALMCREDIT APP ON GOOGLE PLAY STORE BY CLICKING HERE.

2. Complete the registration process from your mobile device

3. After completing these two processses, you can proceed to applying for your loan

4. Once you have applied for the loan, you will have to wait to get approval. This usually does not take too long. Just make sure you provided the necessary information correctly.

5. Once you get your approval, you will then receive the loan. You can decide to send the money to your bank account right away.

How To Register For PalmCredit Quick Loan

Here’s how to register successfully and get your loan in seconds using the Palmcredit App:
1. Download PALMCREDIT APP on Google Play store
2. Register with your phone number and a verification code will be sent to the phone number registered.
3. Verify your identity by providing your Name, Surname, BVN, Birthdate, Gender.
4. Can’t remember your BVN?
Not to worry, just dial *565*0# to get your BVN.
5. Keep in mind that your Name arrangement and information must be the same as on your BVN.
6. Set up your ‘Bank Information’
7. Fill in ‘Education and Employment’ with your details
8. Click Submit and you are good to go!

To Register and Apply for PalmCredit quick loan, CLICK 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. 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

13. 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

14. 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

15. 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

16. 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

17. Money in Minutes

Money In Minutes is one of our top loan apps, 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 organization code named MIM Finance Company has been enabling lives and businesses for over twenty (20) years now by its quick online loans and other related business support.

With over $10 Billion disbursed over the last two decades, Money In Minutes is in a position to help individuals and businesses to grow. According to the company: “Affordable and stress-free finance shouldn’t be for the privileged few but for ambitious and hardworking citizens that can demonstrate the ability to afford repayments.”

The platform has a robust and wide range of products to help you access affordable finance for various needs and purposes.

FEATURES OF MONEY IN MINUTES ONLINE LOAN

MIM gives quick loans from ₦25,000 – ₦2m at interest rates between 4% to 30%

Quick access to affordable finance in minutes.

With it flexibility, there is something for everyone.

The platform is built on a positive credit profile with its range of products.

MIM rewards that keep on giving with your account as premium membership

MIM is focused on more than loans, it aims to enable sustainability and development across Africa.

Tackling poverty by providing easily accessible and affordable finance.

Sustainable energy is the future for Africa, it is powering that.

Rent, Land, and Housing finance for sustainable community development.

Gives ccess to quick and affordable finance to fuel your hustle or attend to urgent needs.

To apply for a Money In Minutes Loan, CLICK HERE

18. Page Financials

Page Financials is a leading lending agency in Nigeria, 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.

Commencing business in 2014, Page Financials has delivered retail financial services in an unprecedented manner to its esteemed customers.

FEATURES OF PAGE FINANCIALS QUICK ONLINE LOAN

Simple Repayment Terms And Rates
There are no hidden charges, our repayment terms are clear and convenient, and you don’t need to have a cheque book.

Hassle Free
Easy to use tools from anywhere. Instant cash immediately your loan is approved . No gimmicks, confusing terms or hidden charges.

Instant Cash
Once loan is approved, disbursement is quick and instant.

PAGE FINANCIALS SERVICES

Loans
Investments
Payments
Group Loan

REPRESENTATIVE EXAMPLE OF PAGE FINANCIALS LOAN

Loan amount of ₦3,500,000 borrowed for 12 months. Monthly Interest Rate:- 2.99%. No other fees.

Minimum and maximum loan term: 3 – 12 months.

HOW MUCH CAN I BORROW FROM PAGE FINANCIALS

Our minimum loan amount is N100,000 and the upper limit for a new customer is N5, 000, 000. Both depend on borrower’s capacity to repay based on verifiable income level and other selection criteria.

MAKING REPAYMENT OF PAGE FINANCIALS LOAN

You can make repayments via four different channels depending on which is convenient.

Remita: This serves as an automated primary form of repayment towards your existing facility. It is set up by contacting your bank and having them set it up on your behalf.

Direct Debit Mandate (DDM): This is adopted as your primary form of repayment towards your existing facility and is set up as a part of your initial application process via your online profile. NUBAN Cheques:

Your cheques serve as a fall back plan for repayment and will be presented only in cases where we are unable to claim your repayment via Remita or DDM.

Online Payments: You can login to your online profile page on our Secured Online Banking Platform and conveniently make your loan repayment. This payment is reconciled automatically without human interference and can easily be adopted as a primary form of repayment.

HOW TO APPLY FOR PAGE FINANCIALS QUICK ONLINE LOAN

To apply for a Page Financials quick loan, CLICK HERE

To Download and apply through PAGE FINANCIALS APP ON GOOGLE PLAY STORE, CLICK HERE.

To Download and and apply through PAGE FINANCIALS APP ON APP STORE, CLICK HERE.

19. ALAT by Wema

ALAT By Wema Bank offers Quick Loan of up to N2,000,000 without Collateral

ALAT offers you easy loan access and instant cash 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.

How to Apply for ALAT Quick Online Loan:

Login to ALAT or sign-up if you have not
From the menu items, click on ‘’Loans’’
Read through and understands the ALAT disclaimer

Upon successful credit evaluation and checks, a loan offer is presented with duration and applicable interest based on the user’s current risk score

Read through and accept the Terms & Conditions which will contain consent to having your account debited for repayment at loan due date and provide your debit card details to be debited.

Your account will be immediately credited.

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

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

To get more information about ALAT by Wema quick online loan app CLICK HERE.

20. LendCash

LendCash is a quick online loan app in Nigeria that offers loan up to N400,000 with interest rate: 12% – 20% APR.

Loan Term: 91 – 360 days , Interest rate:12% – 20% APR , Loan Amount: Up to ₦ 400,000

An representative example for customer:
The customer borrows ₦9,000 for 180 days (6 months), the APR is 18%
So the total Interest would be 9000 NGN *18%*180/365 = 799 NGN.
The monthly payment would be (9000 NGN +799 NGN )/6 = 1633 NGN.
The total repayment amount would be 9799 NGN.

LendCash Features
1. Loan of up to ₦400,000
2. 5 minutes online loan approval
3. Loan without collateral. Free registration. Calculation of loan limit is free
4. Revolving line of credit
5. Easy loan in three steps
– Verify your identity

– Get revolving credit limit
– Take your personal loan

Our advantages:
1.Safe, confidential and efficient
2.Low interest rate, long term,flexible repayment plan
3.7*24 hours online review

CONTACT
E-mail: frances.anonu.service@gmail.com

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

21. Branch

Branch International 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.

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.

Features

Build credit as you go

We designed our loan process to fit your needs and help you grow. As you build credit with Branch, you unlock larger loan amounts.

Get what you need on the go

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

Invest and earn 20% interest

Market leading interest rates make your money go further. We offer flexible withdrawals so that you can access your money anytime, anywhere.

No hidden fees, no surprises

We don’t charge late fees or rollover fees, we don’t put restrictions on how you spend your money, and our customer support team is available 24/7.

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.

Banks Supported by Branch
Branch supports a number of banks including : ALAT by Wema Bank, Access Bank, Ecobank Bank, Fidelity Bank, First Bank of Nigeria (FBN),  (FCMB), Guaranty Trust Bank, Parkway – ReadyCash, Paycom, Petra Mircofinance Bank Plc, Polaris Bank, Providus Bank, Rand Merchant Bank, Rubies MFB, Sparkle Microfinance Bank, Stanbic IBTC Bank, Standard Chartered, UBA, Unity Bank, Wema Bank, and Zenith Bank, and a few others.

How long does the application process take?
We aim to process all loan within 24 hours. We hope to reduce it soon to just a few minutes.

Why was I rejected for a loan?
If you don’t get accepted when you apply, don’t worry! Sometimes it may take several attempts to qualify for a loan. We encourage you to continue saving data on your phone and to reapply after the period stipulated.

How does Branch make a lending decision?
Branch uses data from your phone, including your handset details and SMS messages to automatically make lending decisions. We combine this with your Branch repayment history to build an individualised credit score, which determines the loan offers you receive.

How can I increase my chance of being accepted?
Branch uses data from your phone as well as other sources to make a lending decision. To increase your chances of approval, please make sure to save the data on your phone, stay current with all other lenders, and correctly input your account details.

To get more information about Branch, CLICK HERE.

To Apply for a Loan from Branch, CLICK HERE

22. 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

To download the eNaira Speed Wallet on Google Play Store,
CLICK HERE.

To download the eNaira Speed Merchant Wallet on Google Play Store,
CLICK HERE.

To download the eNaira speed wallet on Apple Store
CLICK HERE.

To download the eNaira speed merchant wallet app on apple store
CLICK HERE.

To visit the eNaira website and get more information about the digital currency,
CLICK HERE

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 profile and review legitimate and reputable loan agencies and seeks to educate individuals, household and small businesses about loan opportunities to help them make informed decisions and establish their businesses.

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.

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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

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