In this article, I will be reviewing the best loan apps in Nigeria that approve the fastest instant loans from N5000 up to N50,000 and even up to N500,000 and more for individuals and businesses, without documentation, paper work or collateral.
These lending platforms which are considered the best online applications in Nigeria have the most flexible and convenient monthly payments, lowest interest rates and loans are easily processed. Once approved, funds are usually deposted to your bank account in few minutes. And more importantly, these special list do not harass you for loan repayment.
Best instant loan apps in Nigeria 2025
The best loan apps in Nigeria with fast cash disbursement are Branch App, Carbon App, Fairmoney App, Aella Credit App, QuickCheck App, Alat by Wema, Renmoney app, Irorun App and Money in Minutes. These fast loan applications give access to instant online and urgent loan without documentation or collateral and are approved within few minutes. Customers data are secured and never breached. Harassment or unethical loan recovery methods are never practiced with these loan in minutes applications.
1. Branch Loan App
Branch application is one of the best loan apps in Nigeria giving loan amount of up to N500,000 and with over 10 million users. The lending platform is known for fast and emergency loans with monthly interest between 2.5% to 20% and APR of 18% to 260%. This platform do not charge late fees or rollover fees, nor put restrictions on how you spend your money. Depending on the loan amount you select, monthly repayment options typically average 30 to 60 days.
2. Carbon Loan App
Carbon loan app is another reputable instant loan app in Nigeria popular for helping borrowers wanting to build good credit history. The app offers quick and instant loans without collateral, guarantors, or paperwork and has a loan amount up to N1,000,000. The platform is available night and day and you can apply for instant cash on weekends and holidays and get your loan approved.
3. FairMoney App
Fairmoney is yet one of the registered fast loan apps in Nigeria because of its seamless lending procedures, quick approval and excellent customer service. The loan is 100% online, with no collateral or documents required to apply.
Customers of FairMoney are in excess of 5 million on Google Play Store alone. Loan amounts range between ₦1,500 to ₦1,000,000 with tenor ranging from 2 to 18 months at monthly interest rates from 2.5% to 30% (APRs from 30% to 260%).
4. Aella Credit
Aella Credit app is well reputed as one of the best loan apps in Nigeria to borrow money right now because of its respect for customer data privacy. The platform allows you to quickly borrow urgent cash loan either for personal or professional use without documentation or collateral of any sort.
Aella Credit app has a monthly interest rate of 2% to 20% and APR of 22% to 264% per year. Loan amount ranges from N2,000 to N1,500,000 while monthly payments range between 2 months to 12 months.
5. Umba App
Umba is a trustworthy financial service provider and popular loan app in Nigeria. However, it is essential to follow the app’s instructions diligently to ensure a smooth borrowing and repayment process. To obtain a loan from Umba, individuals can apply through their mobile app downloaded from Play Store and fill necessary information. Applicable loan amount ranges from ₦2,000 to ₦30,000.
6. Renmoney App
With very low interest rates, Renmoney is still one of the best loan apps in Nigeria and also one of the oldest online microfinance platforms. It is managed by a group of technology and finance enthusiasts who are passionate about making financial inclusion count in Nigeria.
With Renmoney, you can apply for a conventional loan to meet needs like growing your small business, renovating your home, buying a new car, paying rent, school fees, medical bills, etc. The app allows you to borrow from ₦6,000 to ₦6,000,000 and repay in 3 to 24 months.
7. QuickCheck Loan
QuickCheck app is one of the reliable instant loan apps in Nigeria that have gained a prominence for excellent customer data privacy. The application allows you to borrow money with your smartphone and repay back easily without issues. It respects your data privacy online unlike the illegal loan apps that invade your contacts. 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%).
8. Alat By Wema
Alat by Wema is a trusted lending app in Nigeria offering easy access to quick and emergency cash loans without paperwork or collateral or documentation. 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 the response time between acceptance of the offer and loan disbursement is in minutes. You can now borrow as much as N2,000,000 (Two million naira) without collateral.
9. Lendigo App
Lendigo loan application is considered the best loan apps in Nigeria for small businesses. At the moment, Lendigo business app gives the higest digital loan amount instantly to small and medium scale organizations. You can get between 300,000 – ₦10,000,000 loan amount per invoice and credit line with 1% processing fee and commitment fee of loan facility. Interest rates is 4% per month on borrowed amount. Loan tenure is between 1 – 6 Months.
10. Access More App
The Access More App, owned by Access Bank Plc is one of the best loan apps in Nigeria for customers seeking PayDay cash advances to be repaid once salary is paid at the end of the month. 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.
11. GTWorld Quick Credit
With GTWorld, a prominent loan app in Nigeria for instant cash, you have a reputable banking and loan application for instant cash, 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 best for bank account holders seeking instant loan apps in Nigeria.
12. Specta Loan App
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 required. It is one of the top 20 best loan apps In Nigeria with very low interest and superfast lending processes.
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.
13. OKash App
Okash is yet another reputable loan app in Nigeria that gives you easy access to credit anytime, anywhere 24/7. It is a convenient quick online loan 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.
14. Money in Minutes App
Money In Minutes is rated one of the best loan apps in Nigeria for quick and superfast lending. You can get an instant loan from this app in few minutes of applying. The platform has a robust and wide range of products to help you access affordable finance for various needs and purposes.
15. Zenith Bank Quick Loan
The Zenith bank quick loan is powered by the USSD code *966#, an all in one code used by the money deposit bank customers for various online and real time transactions just with an internet enabled smartphone. The code also called Zenith Bank Quick Loan Code can be used to open a Zenith bank account, get a Zenith bank quick and instant loan, purchase airtime either for yourself or your friends and also used to transfer money from Zenith to other bank accounts.
16. Coolbucks App
Coolbucks though relatively new is still regarded as a reputable loan app in Nigeria and best for unsecured monthly instalment loans without collateral. The platform approves customers’ loan within minutes of completing your application.
Depending on your profile, Coolbucks can disburse within 5 minutes to 24 hours of completing an application. It 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.
17. P2Vest App
P2Vest is one of the best loan apps in Nigeria that has emerged as a prominent player in the peer-to-peer lending industry. This platform offers individuals a viable alternative for secured funding. With its robust platform, P2Vest connects borrowers with lenders and investors, providing an avenue for better returns on capital compared to traditional savings accounts and fixed deposits.
18. Migo App
Migo is yet another leading loan app in Nigeria offering the option to borrow using a USSD code for quick and convenient access to loans. The quick loan application offers a diverse range of loan amounts, starting from as low as N500 to up to N500,000.
To initiate the loan application process through Migo USSD, follow these steps:
- Dial *561# on your mobile phone.
- Choose the “Loans” option from the menu.
- Select “Request Loan.”
- Wait for the loan to get approved and receive further instructions.
19. Quick Credit
Quick Credit is one the best instant loan apps in Nigeria giving customers fast and emergency loans from NGN.1,500 to NGN50,000 at a tenure from 91 days to 365 days. With simple steps and minimal documentation, Quick Credit loan applicantss 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.
20. Kiakia App
Kiakia is a unique peer-to-peer online loan marketplace in Nigeria that connects borrowers and lenders for loan and investment opportunities, allowing individuals or businesses to lend money as an investment, while also at the same time providing access to instant loans for borrowers.
To use Kiakia loan platform, users must be Nigerian with a valid ID, bank account, and BVN, as well as a verified source of income. The platform utilizes a credit scoring algorithm to evaluate a person’s financial history and determine their creditworthiness.
21. Xcrosscash App
Xcrosscash is an emerging lending application in Nigeria that gives quick loans without collateral. The lender activates your credit limit and withdraw cash for urgent needs. And you have chance to level up your credit limit by different ways, which means you can enjoy higher limit, lower interest, more flexible tenor by using it.
22. PalmCredit App
Palmcredit is a top digital lender in Nigeria without 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 few hours or even minutes.
23. SukFin App
SukFin is another of the best loan apps in Nigeria that provides 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.
24. Kredi Loan App
Kredi is yet another legit and top-rated loan app in Nigeria that is one of the best digital bank on the rise. Kredi loan offers instant loans to borrowers with competitive interest rate and flexible repayment periods. The amount you can borrow with Kredi depends on the amount you are eligible and qualified for based on the customer tier you are in.
Kredi Loan offers three types of Loans. First is Nano Loans where you can access ₦50,000 cash to cover emergency expenses that come up every month. The second is SME Loans where you can apply and get approved up to ₦100,000 cash to cover any emergency expenses and finally Kredi-SympliFi Loans, a low-interest instant cash approval loans up to N50,000.
25. MoneyPal (Zedvance) Loan App
MoneyPal owned and managed by Zedvance Limited takes a high rating on our list of best loan apps in Nigeria for instant loan.
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 24months at Annual Percentage Rate (APR) of 34.8% – 365%.
26. Irorun App
Irorun is a digital lending application and one of the leading and best loan apps in Nigeria offering microloans to eligible users within minutes with no collateral and with little or no documentation. The app is one of the fastest in Nigeria for small personal loans, giving access to a maximum loan amount of N50,000 and interest rate range of 4.5% to 35% per month.
27. NewCredit App
NewCredit is a legitimate app in Nigeria that offers payday advance loans. The lending application offers quick loans of up to N100,000 within 5 minutes with interest rate ranging from 4% to 24% monthly and 24% to 56% annually. The best part is that you can access these loans without any collateral requirements. Simply download the app, register, and apply for your loan.
28. Fair Credit App
Fair Credit is one of the best loan apps in Nigeria that approve instant online loan amounts ranging between ₦1,500 to ₦1,000,000 with repayment periods from 1 month to 18 months at monthly interest rates from 2.5% to 30% (APRs from 28% to 32%).
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) when you save or invest money with them.
29. Blocka Cash App
Blocka Cash is one of the best loan apps in Nigeria that are emerging in the online lending marketplace as a convenient and accessible lending option. With its availability on Android and Apple app stores, Blocka Cash provides users easy access to short-term loans, making financial assistance more accessible.
Loan Amounts of Blocka Cash range between N5,000 – N50,000 and interest rate is between 3% and 10% per month. Annual Percentage Rate (APR) ranges between 36% to 120% while loan tenure is between 60 to 180 days. You can repay Blocka Cash loan through your debit Card, quickteller, and direct transfer.
30. PalmPay App
Palmpay loan application is an automated lending service focused on increasing access to credit to financially under-served/excluded individuals in Nigeria and other African countries. Launched in Nigeria in 2019, Palmpay has provided over 5,000,000 customers with convenient and affordable digital payments.
Lending decisions are made in few minutes with Palmpay and if approved, the applicant receives funds within 5 minutes, 24 hours a day, 7 days a week.
What are the best loan apps in Nigeria for Android and iOS users?
- Carbon (formerly pay later)
- Fairmoney
- Credit ville
- Sokoloan
- Palmcredit
- Kiakia loans
- Allea credit
- Quick check
- Kwikmoney (Formerly Migi)
- Branch
What Are The Best New Loan Apps in Nigeria 2024?
The best and most reputable new loan apps in Nigeria in 2024 are Fair Credit, Blocka Cash, Kredi Loan, Coolbucks and P2Vest among others. These loan applications are digitally secure, entire online, approve urgent cash loan fast whether you are an individual, business owner, or self-employed. And they do not require collateral, documents or paperwork. Just your internet enabled smart phone at the comfort of your room.
Are there fast loan apps in Nigeria?
The following are quick lending applications for emergency cash in Nigeria:
- OKash
- Payday Advance – Borrow Money
- QuickCheck
- Irorun – Fast loans with ease
- YesCredit – Quick Loan
- Kashcash-personal loan online
- Wecredit – Get loan now
- Joy Cash-Loan Up to 1,000,000
- Xcrosscash-loan online app
- Lendigo Loan App for Business
- Palmcredit-instant loan online
What Are The Best 20 Loan Apps In Nigeria in 2025?
The top 20 loan apps in Nigeria are Branch, Carbon, FairMoney, Aella App, Umba Loan, QuickCheck, Renmoney, Alat by Wema, Lendigo, Quick Credit, Access More, Specta loan, Lydia, Sufkin, Money in Minutes, Migo, CoolBucks, GTB, Page Financials and MoneyPal. These reliable lending apps require no documentation, collateral or ATM Card inputting, and have fast loan approvals and cash disbursement.
Table of the top 20 best loan apps in Nigeria in 2025, their interest rates, and loan amount:
| Loan App | Loan Amount | Interest Rate |
|---|---|---|
| Carbon (Paylater) | ₦1,500 to ₦1,000,000 | 1.75% – 30% |
| Renmoney | ₦6,000 to ₦6,000,000 | 2.4% – 9.33% |
| Fairmoney | ₦1,500 to ₦1,000,000 | 2.5% – 30% |
| Branch | ₦1,000 to ₦500,000 | 15% – 34% |
| QuickCheck | ₦1,500 to ₦500,000 | 2% – 30% |
| Aella Credit | ₦1,500 to ₦1,500,000 | 2% – 20% |
| Palmcredit | ₦2,000 to ₦100,000 | 14% – 24% |
| KiaKia | ₦10,000 to ₦200,000 | 15% |
| Okash | ₦3,000 to ₦500,000 | 9% – 30% |
| Umba | ₦3,000 to ₦300,000 | 10% – 21% |
| FlexiCash By PalmPay | ₦1,500 and above | 15% – 28% |
| Kuda | Up to ₦50,000 | 9% – 30% |
| P2Vest | ₦2,000 to ₦ 2,000,000 | Varies |
| ALAT | ₦50,000 and above | 2% |
| Specta | Up to ₦5,000,000 | 25.5% – 28.5% |
| Lendigo | ₦100,000 to ₦10,000,000 | 4% – 8% |
| Page Financials | ₦100,000 to ₦5,000,000 | 3.1% |
| Irorun | Up to ₦50,000 | 4.5% – 35% |
| Credpal | ₦5,000 to ₦500,000 | 3.8% – 8% |
| Borome | ₦2,000 to ₦100,000 | 27% |
Can I get a loan in Nigeria instantly?
Yes, you can. The following which are considered the best loan apps in Nigeria give instant loans such as Branch app, FairMoney app, Carbon App, QuickCheck, Irorun App, Aella Credit. To apply, simply download the loan app from Google Play Store. Sign up with the phone number linked to your BVN, answer a few questions and confirm your identity to receive a loan offer. If you accept it, you will receive your loan instantly in your preferred bank account!
Conclusion
The best loan apps in Nigeria to borrow money right now with the fastest approval include Branch app, Carbon app, FairMoney and Aella Credit among other reputable lenders which protect customers’ data privacy, and ensure quick and easy processing without collateral, documentation or paperwork.n QuickCheck, Alat by Wema and Lendigo business App are also good loan apps.
The best Nigeria loan apps on iPhone with the lowest interest rates, flexible repayment and fastest loan processing are P2Vest, Aella Credit, KiaKia, Irorun, Renmoney, Blocka Cash, Page Financials, Carbon, PalmPay and Kuda. All these lending apps can be found on iPhone and operate online 24/7 providing loan access to millions of borrowers using iPhones without collateral or documentation.
