Top 7 Best Money Lending Apps in Nigeria

In this post, we will discuss and review the list of top 7 best money lending apps in Nigeria. You might encounter some money challenges or need an urgent financial pull out before the end of the money. This article will walk you through the top 7 apps that lend money in Nigeria.

Top 30 Best Instant Loan Apps In Nigeria 2022

Top 30 Best Instant Loan Apps in Nigeria For Top 7 Best Money Lending Apps in Nigeria2022
Top 7 Best Money Lending Apps in Nigeria

List of Top 7 Best Money Lending Apps in Nigeria

  1. Branch
  2. Carbon
  3. FairMoney
  4. Aella Credit
  5. Umba
  6. Money in Minutes
  7. QuickCheck

1. Branch

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 7 Best Money Lending Apps in Nigeria

Branch is one of the best money lending apps in Nigeria for instant cash in 2022. It gives out loan amount from N100,000 to N500,000 and higher. The platform also count for one of the most reputable by customers’ feedback for 2022.

If you are USA, you can also apply for an emergency cash advance loan even if you have a poor or bad credit rating. If you need the top and best Apps For No Credit Check Loans, direct to your debit card, CLICK HERE.

You can simply apply through the Branch app and get approved in under 24 hours. Branch don’t charge late fees or rollover fees, nor put restrictions on how you spend your money, and our customer support team is available 24/7.

Branch app gives out quick loans between N2,000 to ₦500,000 without collateral, documents or guarantors. Its loan can be used to meet any financial obligation or expenses that cannot wait till payday.

Requirements are simple – all you need to apply is your phone number or Facebook account, bank verification number (BVN) and bank account number. They will also request access to the data on your phone in order to build your credit score.

To Apply for a Loan from Branch, CLICK HERE

2. Carbon

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 7 Best Money Lending Apps in Nigeria

Carbon, formerly known as Paylater, is one of our top 7 best money lending apps in 2022. The platform gives loan amount up to N100,000 in 2022. Carbon app gives as much as N500k and more to customers.

The organization is one of Nigeria’s best digital loan platforms giving instant loans ranging from N50,000 to N1,000,000 unsecured. Loan from Carbon do not require collateral or guarantors.

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

Document requirements to access quick loan from Carbon

  • You need to download and use the Carbon app
  • 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.
  • This is not frequent but you may be asked for a government issued ID

To download the app on Google Play Store CLICK HERE.

3. FairMoney

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 7 Best Money Lending Apps in Nigeria

FairMoney is our 3rd pick in our list of 7 best money lending apps in Nigeria for 2021/2022 that give the highest loan amount up to N500k and more in 2022.

FairMoney is a licensed lender, and provides quick loans ranging between ₦1,500 to N100,000 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%).

According to FairMoney, you can get a loan disbursement under 5 minutes if you are eligible. No collateral or paperwork is necessary with the online loan company.

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

4. Aella Credit

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 7 Best Money Lending Apps in Nigeria

Aella Credit loan app exists to simplify and open up financial access for all in emerging markets by leveraging technology and widespread mobile adoption for Nigerian borrowers. It is the 4th pick on our list of best money lending apps in Nigeria for 2021/2022 by loan amount giving out up to N100,000 to N500,000 and higher.

Loan from Aella Credit ranges from ₦1,500 to ₦1,000,000 with a tenor of 60 days to 180 days. Our monthly interest rate ranges from 2% – 20% and APR from 22% – 264%/annum

You can download Aella Credit app on Google Play Store by clicking here.

5. Umba

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 7 Best Money Lending Apps in Nigeria

Umba is the 5th pick on our list of best money lending apps in Nigeria. The platform gives out up to N100,000 to N500,000 and more in 2020/2021/2022.

The lender prides itself as the leading digital bank in Africa. The app allows users to apply, drawdown and repay loans directly from their smartphone or desktop computer.

Once an individual is verified, it makes lending decisions based on an assigned risk rating.

How To Get Started

Create your account
Apply in seconds
Receive an Umba Loan
Increase your loan limit every time you repay a loan on time

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

6. Money in Minutes

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 7 Best Money Lending Apps in Nigeria

Money in Minutes is our 7th pick on our list of best money lending apps in Nigeria in 2021/2022. It gives up to N100,000 to N500,000k and higher to customers. The platform is managed by MIM Finance Company, a UK-originated lending platform with presence across three (3) continents and Nigeria’s 1st Credit Membership that gives instant cash.

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

To apply for a Money In Minutes Loan, CLICK HERE

7. QuickCheck

QuickCheck: Top 11 Best Loan Apps In Nigeria 2022 (Giving The Highest Loan, 500K And Above) And Reliable, Reputable.
Top 7 Best Money Lending Apps in Nigeria

QuickCheck is our 10th pick on our list of 7 best loan apps in Nigeria for 2021/2022, giving out up to N100,000 to N200,000 to N1,000,000 and more and one of the best for quick cash loans for 2022. The app uses machine learning to predict borrower’s behaviour and instantly evaluate loan applications.

You can begin your application by downloading the QuickCheck app from the Google Playstore. After downloading the app, sign in with your facebook email address and password and fill the provided fields correctly.

Why Use QuickCheck?

– Borrow up to ₦1,000,000
– 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

To apply for QuickCheck loan on Google Play Store, CLICK HERE.

Which App can Borrow me Money without ATM Card?

There are a lot of Apps in Nigeria you can use to get a quick loan without having to input your ATM card details. There are Branch, Fairmoney, Umba, Xcredit, PalmCredit, Opay, and a host of others.

Which app can borrow me money without asking for BVN?

If you don’t want to input your BVN details while taking a loan, you can try apps such as PalmCredit, Sokoloan, Niara9ja, and others/

How Can I Instantly Borrow Money?

There are different ways you can instantly borrow money in Nigeria. The best and most popular way is by using the loan apps available online such as PalmCredit, Fairmoney and so much more.

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About the Author: Femi Adeoya

Mr Femi Adeoya is a Chartered Forensic Accountant and a Certified Fraud Examiner. He has over 20 years professional work experience in accounting, finance and business management processes. As an Accounting Software Expert, he has implemented and supervised accounting solution set up of over 50 small and medium businesses in Nigeria. As a passionate blogger, Mr Adeoya is an ardent writer and communicationist. He is the CEO of QUICK LOAN ARENA (quickloanarena.com), the number 1 loan apps review website in Nigeria. He is very passionate about the quick and instant loan industry in Nigeria and has written over 200 reviews on different loan apps and digital banks in Nigeria, USA, Canada and UK.

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