Top 15 Best Legit Loan Apps In Nigeria (2022)

Our explainer of top 15 best legit loan apps in Nigeria are especially curated for customers and borrowers who are tired of all the defamatory, shaming messages and violation of customer data privacy perpetrated by illegal and fake loan platforms and want fresh air from credible and reputable lending applications.

Top 16 Best Legit Loan Apps In Nigeria
Top 15 Best Legit Loan Apps In Nigeria

List Of 15 Best Legit Loan Apps In Nigeria For Quick And Emergency Loan Immediately

Therefore if you need emergency and quick cash loan to meet your financial obligation or to pay your bills before month end salaries are paid, or before your next business income or cash inflow is received, our comprehensive list of top 15 best legit loan apps in Nigeria will suffice your need. Read on!

  1. Branch
  2. Carbon
  3. FairMoney
  4. Access More
  5. Aella Credit
  6. Xcrosscash
  7. CashCredit
  8. Renmoney
  9. QuickCheck
  10. Umba
  11. Money In Minutes
  12. Page Financials
  13. Lendigo
  14. iCredit
  15. Migo

1. Branch

Branch is one of the best legit 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.

To Apply for a Loan from Branch, CLICK HERE

2. Carbon

Loan Apps In Nigeria For Instant Cash
Top 15 legit Loan Apps In Nigeria

Carbon, formerly known as Paylater, is our 2nd in the list of legit 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 Legit Loan Apps In Nigeria

FairMoney is number 3 in our list of reputable and legit 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 legit 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.

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. Aella Credit

Aella Credit, the 5th pick for legit loan apps in Nigeria, 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.

6. Xcrosscash

Xcrosscash is an emerging platform and we found it qualified to join the list of reputable legit 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

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

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

7. CashCredit

CashCredit is part of the top legit loan apps in Nigeria, built 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

8. Renmoney

Renmoney is the 8th on our list of instant legit 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

9. QuickCredit

Quick Credit is our 9th pick on the list of legit 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%.

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

10. Umba

Umba is the 11th on our list of legit loan apps in Nigeria for fast 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.

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

11. Money in Minutes

Money In Minutes is our 11th pick on our list of top 15 best legit loan apps in Nigeria for fast or payday 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

12. Page Financials

Page Financials is one of the best legit loan apps in Nigeria for emergency cash immediately 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. It gives up to N1million in short term loan to its customers.

To apply for a Page Financials quick loan, CLICK HERE

13. Lendigo

Lendigo lending platform prides itself as Nigeria’s No 1 SME Finance Provider and the 13th on our list of legit loan apps in Nigeria offering Nigerian small businesses 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.

To Apply, Click here.

14. iCredit

Icredit is one of the instant legit loan apps in Nigeria for quick cash immediately loans and it is hosted on Google Play Store, giving out loans without 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.

15. Migo

Migo (formerly kwikmoney), a cloud-based lending platform and the last on our list of legit 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 N10,00000 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

Do You Need Quick Or Emergency Cash From Legit Loan Apps In Nigeria?

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In need of an instant loan or an emergency funding from legit loan apps in Nigeria? You can apply through any of the top loan apps and get funded within few hours.

If you are in United States of America (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 Guaranteed Approval Direct Lender, CLICK HERE.

These Top 10 Best Instant Loans No Credit Checks Guaranteed Online Approval are also highly recommended.

If you are in Canada, these 10 cash advance loan apps could meet your emergency and quick cash loan request.

For instant, payday, emergency or advance cash loan if you are in Australia, CLICK HERE.



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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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