Top 13 Best Loan Apps In Nigeria Without Collateral 2022

Today, QUICK LOAN ARENA the number 1 review website for digital lending platforms and loan apps brings you the list of top 13 best loan apps in Nigeria without collateral. The digital evolution has made sweeping and dynamic changes to the financial world and has simplified the processes of getting loans either for personal or business need. If you are in emergency, and you need quick cash loan in Nigeria without collateral, there many reliable lending platforms that will be at your disposal. Read on!

“No Defamatory, No Shame” Loan Apps In Nigeria Without Collateral For 2022

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Top 15 Best Loan Apps In Nigeria Without Collateral 2022

The loan apps we are reporting on today are reliable and do not send defamatory or shame messages to their customers, even when they default on loan repayment. Therefore you need not be afraid if your family or your contact list will get defamed or threatened when you are in loan default for a few days. This is not to encourage non-repayment of loan, but to promote ethical lending practices between lending companies and their customers.

Therefore QUICK LOAN ARENA recommends you make your loan request from any of the following top 15 loan apps in Nigeria without collateral whenever you need quick and emergency cash loan, and as much as possible boycott the many others that threaten and blackmail you even before your repayment falls due.

Top 15 Best Loan Apps In Nigeria Without Collateral For Quick Emergency Cash For 2022

Below are our top list of 15 loan apps in Nigeria without collateral for instant cash both for individuals and businesses in 2022. Please note that this rating is subject to review from time to time as the lending company operates. When we discover any of our recommended apps violate the data privacy of their customers, we delist and derank them from our recommendation.

  1. Branch
  2. Carbon
  3. Aella Credit
  4. QuickCredit
  5. Xcross Cash
  6. FairMoney
  7. Page Financials
  8. Renmoney
  9. Umba
  10. Money in Minutes
  11. QuickCheck
  12. Migo
  13. MoneyPal (Zedvance)

1. Branch

Branch is our 1st pick on our list of top 13 quick loan apps in Nigeria without collateral 

Branch International is the first on our list of loan apps in Nigeria without collateral that make it easy for people to get quick loans up to ₦500,000, to transfer money for free, and enjoy investment yields of 20% per annum.

Unlike other lenders, Branch platform 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, neither do they put restrictions on how you spend your money, and customer support team is available 24/7.

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 download the app from Google Play Store and apply for loan, CLICK HERE.

2. Carbon

Carbon is our 2nd pick on our list of top 13 emergency loan apps in Nigeria without collateral

Carbon, formerly known as Paylater, is the second on our list of loan apps in Nigeria without collateral that give instant cash to its users.

Quick 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.

All you need is 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



3. Aella Credit

Aella Credit is the third on our list of loan apps in Nigeria without collateral for quick lending. With this app, it shouldn’t be difficult to borrow instant cash loans either for yourself or for your business. It shouldn’t also be difficult to get loan to invest, increase productive capacity, pay bills, and get more working capital for your business. With Aella, all these are available at the snap of your fingers.

Aella Credit is our 3rd pick on our list of top 13 loan apps in Nigeria without collateral

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

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

4. Quick Credit

Quick Credit is the fourth on our list of loan apps in Nigeria without collateral 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.

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

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

5. Xcrosscash

Xcrosscash claims to offer mobile financial services and online lending up to N100,000 in 5 minutes!

How to get it?

1. Download the app Search
“Xcross cash” from the Google Play Store and download it.

2. Register Sign up with your phone number(linked to your BVN), finish some infomation in 2 minutes

3. Apply a loan Click “Withdraw” button to apply a loan. After that, the money will be received to your bank account.

Features of Xcrosscash.

– 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.

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

6. FairMoney

FairMoney takes the 6th position on our list of leading loan apps in Nigeria without collateral. Its loan procedures and customer service are simplified. 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

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

7. Page Financials

Page Financials comes no 7th position on our list of loan apps in Nigeria without collateral. Whether you have an urgent need for cash to settle bills, take care of emergencies or grab an opportunity? Page Financials lending platform can be your good alternative.

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.

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.


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

8. Renmoney

Renmoney is the 8th on our list of loan apps in Nigeria without collateral and 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 convenient loan to meet needs like growing your small business, renovating your home, buying a new car, paying rent, school fees, medical bills, etc.

To Apply for their Renmoney Quick Loan, CLICK HERE

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

9. Umba

Umba comes 9th position on our list of loan apps in Nigeria without collateral. It’s hosted on both Google Play Store and Apple Store and 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 Apply For Umba Loan

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


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.

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

To read more about UMBA loan app, CLICK HERE.

10. Money In Minutes

Money In Minutes is coming 10th position on our rating of top loan apps in Nigeria without collateral and it 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. 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.
  • Gives access to quick and affordable finance to fuel your hustle or attend to urgent needs.

To apply for a Money In Minutes Loan, CLICK HERE

To read more about Money in Minutes loan app, CLICK HERE.

11. QuickCheck

QuickCheck comes 11th position on our assessment of top loan apps in Nigeria without collateral. The lending platform uses machine learning to predict borrower’s behaviour and instantly evaluate loan applications.

How To Apply?       

Apply and your credit score will be instantly evaluated and let machine learning decide if you qualify. All applications MUST be completed on your android device . 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.

Can I Apply For A Loan on my Computer or other operating devices?

The QuickCheck app is ONLY available on android devices for now.

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

12. Migo

Migo formerly known as kwikmoney, ranks the 12th position on our list of loan apps in Nigeria without collateral for instant cash. Migo is a cloud-based digital lender in Nigeria that 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 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.
  • 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.


You qualify for loans based on your personal information. The more information Migo can find on you, the easier it is to qualify. Your loan offers are based on your personal information and your loan repayment history. The more you pay your loans on time, the higher the amounts you can get.


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. You need Valid bank details, Payment card details, Android Phone and Complete application.

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

To get more information about Migo loan, CLICK HERE

13. MoneyPal (Zedvance)

MoneyPal owned and managed by Zedvance Limited is the 13th and our last pick on our list of loan apps in Nigeria without collateral for instant cash.

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 with no hidden charges.

Customers can enjoy loan tenors up to 24months at Annual Percentage Rate (APR) of 34.8% – 365%. For example: If a customer borrows NGN100,000 for 6-months, we will charge an interest rate of 2.9% per month at an APR of 34.8%. A processing fee of NGN1,900 (that is 1.9% of the amount requested) will apply as well as six monthly repayments of NGN 19,566.67. This gives a total repayment of NGN 119,300.02.

To apply for MoneyPal loan, by downloading the app on Google Play Store, CLICK HERE.

To Visit and apply through MoneyPal (Zedvance) website, CLICK HERE

Whatsapp: +234 0915 382 1578

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

In need of an instant loan or an emergency cash loan in Nigeria? You can apply through any of the top loan apps in Nigeria and get funded under 3 hours, a few more hours or within 24 days. No hidden charges, no document needed, no collaterals needed with any of our list of reputable loan apps in Nigeria.

Instant Loan Apps In Nigeria In Minutes
 Instant Loan Apps In Nigeria Have Changed The Dynamics of The Loan Industry

There are many loan apps designed for urgent and emergency cash if you are a Nigerian and live in Nigeria.  An emergency cash loan is available for anyone who has an urgent financial obligation that cannot wait.

Read AlsoTop 10 Best Urgent Loan Apps In Nigeria Without Collateral 2022

If you need a reputable and reliable instant loan app in Nigeria, you can apply for quick cash loans from other platforms apart from ALAT By Wema app. However if you are a business owner, you can apply for a bigger loan amounts from Lendigo platform. The funds can be used to grow and expand your business.

We should also add that if you are a Nigerian or non Nigerian but resident in United States (USA), you can apply for an emergency cash advance loan even if you have a poor or bad credit rating. Please ensure you avoid like a plague any of the following top 22 loan sharks in Nigeria. They are scam, fraudulent and fake loan apps in Nigeria.

If you are running a small or medium scale business in Nigeria and you need affordable and reliable accounting software to automate your financial processes, then this is for you: Top 13 Best Accounting Software For Small Businesses In Nigeria and you can contact these Top 8 Best Accounting Software Companies In Nigeria 2022 to implement it for you. They will also train your staff. The first on the list: Skytrend Consulting Ltd is specially recommended for you.

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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 (, 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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