Top 22 Best Instant Loan Apps In Nigeria 2022

The best and the most reputable instant loan apps in Nigeria are what we recommend whenever you are in need of emergency funds to meet financial obligations and you cannot wait for payday or month end for your salary, or you are running a business and you need to shore up your working capital.

There are many lending platforms and digital banks out there and you may be tempted to contact just anyone that comes handy. However with the threatening and defamatory messages from many fake loan apps and loan sharks today, it may be necessary to only patronize instant loan apps in Nigeria that has integrity and good reputation.

Top 15 Quick Cash Loan Apps In Nigeria 2022

 Reputable Loan Apps For Instant Cash In Nigeria 2022
Best 22 Instant Loan Apps in Nigeria 2022

QUICK LOAN ARENA, the leading review website for digital lending platforms has carefully selected the best 22 reputable instant loan apps in Nigeria to access quick cash loans in times of emergency.

However the emphasis here is that these reputable instant loan apps in Nigeria won’t send you shame or threatening messages even when you default in repayment. We do not support nor endorse lending platforms that use strict and unethical means of loan recovery. We discourage our readers from patronizing such loan sharks.

Loan Sharks In Nigeria
Reputable Instant Loan Apps In Nigeria won’t threaten or shame you like loan sharks do.

Top 22 Loan Sharks In Nigeria

How To Apply For Quick Cash Through Instant Loan Apps In Nigeria

QUICK LOAN ARENA understands that most of the quick loans have zero physical documentation, and no need of collateral 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 instant cash. 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 app 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 Instant Loan Apps In Nigeria 

When you need finance immediately in an emergency, quick lending apps come handy. Some of their salient features include:

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

Benefits of Reputable Instant Loan Apps In Nigeria

Reputable loan apps in Nigeria for instant cash are beneficial in times of need and meeting emergencies. Some of the major benefits of taking a quick loan include:

  1. Speedy Disbursal
  2. Little or no Credit Check
  3. No Collateral
  4. Easy Online Application
  5. Zero Physical documentation:
  6. No Collateral Requirement
  7. Usually No Need Of Guarantee

Top 22 Best Reputable Instant Loan Apps In Nigeria

Reputable Loan Apps For Instant Cash In Nigeria 2022
Best 22 Instant Loan Apps In Nigeria

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Below are QUICK LOAN ARENA top list of 22 best reputable instant loan apps in Nigeria for quick cash loans in 2022.

1. Branch
2. Carbon
3. FairMoney
4. Access More
5. OKash
6. Starloan
7. CreditAll
8. Aella Credit
9. Xcrosscash
10. PalmCredit
11. iMoney
12. CashCredit
13. GTWorld
14. Renmoney
15. QuickCheck
16. Umba
17. Money In Minutes
18. Page Financials
19. Alat by Wema
20. Lendigo
21. iCredit
22. Migo

Loan Apps For Instant Cash

1. Branch

Branch is one of the best loan apps in Nigeria for instant cash. It 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. This lending platform is our 21st on our list of reputable loan apps for instant cash.

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.

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. If you ever needed loan apps in Nigeria for instant cash that are reliable, this is one of your best pick.

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.

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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

2. Carbon

Loan Apps In Nigeria For Instant Cash
Top 22 Instant Loan Apps In Nigeria

Carbon, formerly known as Paylater, is our 2nd in the list of instant loan apps in Nigeria.

Digital 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.

To download the app on Google Play Store CLICK HERE.

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

3. FairMoney

Loan Apps In Nigeria For Instant Cash
Our 3rd pick for Instant Loan Apps In Nigeria

FairMoney is number 3 in our list of reputable instant loan apps in Nigeria for quick cash 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%)

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

4. Access More

 The Access More App is owned by Access Bank Plc and it’s a banking app that gives PayDay loans to its customers among other things. It’s the 4th in our list of instant loan apps in Nigeria for quick cash loans. 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.

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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.

5. OKash

Okash is part of our list of top reputable instant loan apps in Nigeria for quick cash loans 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

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

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

6. Starloan

Starloan is an instant 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.

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.

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

7. CreditAll

CreditAll is the 7th on our list of reputable instant loan apps 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.

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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. Aella Credit

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 8th on our list of instant loan apps in Nigeria for quick cash loans.

The mission statement of the credit company is to help customers build financial independence by providing access to simple products; quick loans, instant cash, investment opportunities and bill payments.

How Aella Credit Loan App Works

  • 1. Download Aella app
  • 2. Create your account
  • 3. Update your profile
  • 4. Check Eligibility
  • 5. Apply for loan
  • 6. Receive funds in your bank account

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

You can download Aella app on App Store by clicking here.

9. Xcrosscash

Xcrosscash is an emerging platform and we found it qualified to join the list of reputable instant loan apps in Nigeria for quick cash loans. The lender lets activate your credit limit and withdraw cash for urgent needs. And you have chance to level up your credit limit by different ways, which means enjoy higher limit, lower interest, more flexible tenor by using it.

Special features
– Limit from ₦ 10,000 to ₦ 50,000
– Repayment periods from 91days to 180days
– Monthly interest rates from 4% to 4.7%
– Annual percentage rate (APR) from 24% to 56% per year
– Example: If you choose a 6-month loan and borrow ₦10,000,Xcrosscash charges an interest rate of 4% per month.Interest rate: 24% and the APR is 48%.180 days repayments of ₦24,00.Total amount payment is NGN124,00.

How To Apply Loan With Xcrosscash

• only three steps to get cash:
– register.
– activate your credit limit in minutes.
– withdraw cash to your bank account.
• You have chance to raise your limit by taking some relaxed activities or system limit up, just keep good repayment record.
Download Xcrosscash app on your android phone

With Xcrosscash, getting money is the easiest.
no waiting times to getting money. Our service is available 24/7- you can get money when you need it, right on your mobile device.
you can get funds,whether you’re salary earner or self-employed, Xcrosscash can help you achieve your goals.
get rewarded for positive actions.By repaying loans on time,you have chance to get free interest rate on this app.

Contact
• We are available 24/7 to assist you with your request
• Service Email: xcross.tyz@gmail.com
• Our Office Address: 50c Sauket St, Ikeja GRA, Ikeja, Lagos, Nigeria

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

10. Palmcredit

When your financial obligations are overwhelming you and the bills piling up, Palmcredit loan app  for instant cash 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 the 10th on our list of instant loan apps in Nigeria 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.

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.

To Register and Apply for PalmCredit quick loan, CLICK HERE

11. iMoney

iMoney is our 11th on the list of instant loan apps in Nigeria for quick cash loans domiciled on Google Play Store that gives urgent fund 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

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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 part of the top instant loan apps in Nigeria. It is for 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.

CONTACT
Customer Service Email: service@cashcreditapp.com

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

13. GTWorld Quick Credit

With GTWorld, you have a reputable mobile and banking loan app for instant cash 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. The platform is our 13th on the list of instant loan apps in Nigeria for quick cash loans.

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.

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

14. Renmoney

Renmoney is the 13th on our list of instant loan apps in Nigeria for quick cash loans 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.

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. QuickCredit

Quick Credit is another leading number in the list of reputable instant loan apps in Nigeria for quick cash loans. The platform 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 the 16th on our list of instant loan apps in Nigeria for quick cash loans and it’s hosted on Google Play Store. 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.

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

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 in the list of instant loan apps in Nigeria for quick cash loans, 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

18. Page Financials

Page Financials is one of the best instant loan apps in Nigeria for quick cash loans, 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.

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 is another on our list of instant loan apps in Nigeria for quick cash loans 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.

20. Lendigo

Lendigo lending platform prides itself as Nigeria’s No 1 SME Finance Provider and the 20th on our list of reputable instant loan apps in Nigeria. The lending platform offers Nigerian SMEs easy, fast and flexible access to working capital according to their business requirements and suited to their finance needs.

If you are a SMEs that provide Retail and Professional services as well as traders of general merchandise such as Electronics, Computing, Phones, Fashion & Apparel, Household Goods among others, then you can apply for Lendigo loan in minutes and get it processed for you.

Up to ₦10m Loan
Apply in Minutes
Low Interest Rate
Flexible Terms

To Apply, Click here.

21. iCredit

Icredit is one of the instant loan apps in Nigeria for quick cash loans and it is hosted on Google Play Store, giving out loans to Nigerians without the use of document or collateral. We do not have any report yet that this lending platform shame its customers for loan default.

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.

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

22. Migo

Migo (formerly kwikmoney) is a cloud-based lending platform and the last on our list of reputable instant loan apps in Nigeria for quick cash loans. The application enables you access to instant loan and if willing, to make purchases from merchants or withdraw cash without the need for a smartphone, point-of-sale hardware or plastic cards.

Migo strives to ensure your online loan request enters your account (or the account of the merchant you are paying) right after you complete your application session.

FEATURES OF MIGO INSTANT LOAN

Migo loan amounts range from N500 to over N500,000. The loan agency usually start with a small loan and grow your loan offers over time as you borrow and repay consistently and build trust with the system.

You do not need any collateral or documentation to request your Migo loan.

No guarantors are required to get a Migo loan. Your loan offers will continue to grow at a steady pace as you borrow and repay early.

Physical visitation of Migo office or a bank not necessary

Their minimum loan amount is N10,000 and the upper limit for a new customer is N50,000 with no collateral or guarantor required.

Interest rates are determined by a number of factors, including your repayment history and the cost of lending.

Loan decisions are provided within 15 seconds and if approved, the applicant receives funds within 5 minutes.

How To Process An Instant Cash loan From Migo?

No document or documentation is needed to obtain a Migo quick loan in Nigeria. All you need is an android phone, your banking details including BVN and a complete online application form.

HOW TO APPLY FOR A MIGO LOAN

Your personal information is used to determine your unique loan offers. The loan platform provides a range within your available credit limit from which you can select. Currently.

To get a loan, all you have to do is enter your phone number here.

Once you select the loan amount you want, you’ll be asked to give details of your bank account for the loan to be deposited. Finally, your debit card information will be registered to make repayment easier for you.

You can also get a Migo loan by dialing *561# for MTN, 9mobile, and Glo or *554*561# for Airtel. From the list, select “Request Loan” to see a list of your customized loan offers.

To apply for a Migo loan, CLICK HERE

Inquiries:
Email: quickloanarena@gmail.com
Whatsapp: +234 0915 382 1578

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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.

3 Comments

  1. Good job. I wonder how you came about item 11, iMoney. As of this morning, they are no longer on Google Playstore, a result of complaints on their fraudulent activities. They send damning messages to people’s contacts, and even pass threats to life, not to talk of their crazy interest rates of over 33% in 2 weeks. You are doing a good job, but please work more on your research, as a lot of people bank on the information you provide. Cheers

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