In this era of economic decline and business meltdown, financial obligations have become overwhelmingly difficult to meet without getting quick cash loan apps in Nigeria that will provide instant access to funds when you need them. This doesn’t matter whether you are a worker, or you are unemployed, or you are a family owner or you are even a student and unemployed.
Everybody needs cash advances and financial support from loan apps in Nigeria at one time or the other.
However it is becoming necessary to differentiate between quick cash loan apps in Nigeria and digital banks and platforms that are reputable, responsible and inculcate ethical business practices to deal with their customers. The 15 lending platforms and companies we will be showcasing in this article do not use strict collection methods on their customers nor do they send shame and blackmailing messages to them, their family members and contact list even when their repayment has fallen due.
Our carefuly selected list of 22 best quick cash loan apps in Nigeria for instant borrowing won’t send you, your family or your contact list defamatory or threatening messages. This is not to encourage default but to promote ethical lending practices between lending companies and their customers.
How To Apply For Emergency Quick Cash Loans Through Instant Loan Apps In Nigeria for 2022
QUICK LOAN ARENA understands that most of the quick cash loan apps in Nigeria 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 that accompany most of the lending apps include quick registration process, quick Verification, no collateral, documentation or guarantee required. However you may have to put up with their higher interest rate and lower tenure usually within 1 to 12 months.
Before we evaluate the top 22 online lenders on our list, let us first answer some very important frequently asked questions about these digital lenders across the country.
Today, QUICK LOAN ARENA, the number 1 review website for loan apps in Nigeria and digital banks globally brings you the top list of carefully selected 22 quick cash loan apps that are guaranteed for instant borrowing and processing, some in minutes as low as 5 minutes, some in a few hours and cash disbursement are done straight to your bank account once you qualify.
The lending oppportunity criteria are for individuals (whether employed or unemployed or student or job seeker) and for businesses ( whether registered or not registered) but resident in Nigeria.
We recommend you make your quick cash loan borrowing request only from any of the following 15 reputable and highly recommended loan apps in Nigeria and as much as possible boycott the many others that threaten and blackmail you even before your repayment falls due.
Below is our list of 22 reputable quick cash loan apps for individuals of different categories and for small and medium scale businesses in Nigeria:
- Aella Credit
- Page Financials
- Money in Minutes
- MoneyPal (Zedvance)
- C24 Capital
- Alat by Wema
- Access More
- SukFin Loan App
- Coolbucks Loan App
- GTWorld QuickCredit
- Lendigo Loan App
Branch Loan App is the first on our list of quick cash loan apps that make it easy for people in Nigeria and some few other countries to get urgent and emergency loan up to ₦500,000, to transfer money for free, and enjoy investment yields of 20% per annum.
Unlike other lenders, this quick cash loan platform don’t make you jump through hoops or fill out paperwork. Simply apply through the Branch app and get approved under 24 hours.
Branch do not charge late fees or rollover fees, neither do they put restrictions on how you spend your money, and their customer support team is available 24/7.
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 read more about Branch loan details, CLICK HERE.
Carbon, formerly known as Paylater, is the second on our list of quick cash loan apps in Nigeria for emergency borrowing and it is a leading lending platform that guarantees quick cash loans to borrowers once approved.
Quick cash 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 Cash 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 read more about Carbon, CLICK HERE.
3. Aella Credit
Aella Credit is the third on our list of best digital lending platforms for quick cash loan apps in Nigeria. With this app, it shouldn’t be difficult to borrow funds either for yourself or for your business. It shouldn’t also be difficult to get quick cash 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.
How Aella Loan works
- Download the Aella Credit app from Google Play Store or IOS App Store.
- Create your account by simply filling out your details in less than a minute and submit for a quick review.
- Update your profile by providing answers to quick questions about you.
- Click the “Check Eligibility” button to see the amount of loan you are eligible to borrow in seconds.
- Apply for loan
- Receive funds in your bank account
Loans will be sent to your bank account provided in 5 minutes or less. Borrowed funds may be repaid via the App or directly to your personalized bank account. Build your credit score to qualify for higher loans.
To read more about Aella Credit, CLICK HERE.
Quick Credit is number 4 on our list of best quick cash loan apps in Nigeria for emergency cash loans, striving to provide borrowers and mobile users with simplified loan processing and little or no 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. No collateral, documentation or guarantee is required.
Quick Credit loan 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%.
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.
To read more about Quick Credit, CLICK HERE.
Okash makes the fifth on our list of leading digital quick cash loan apps in Nigeria that give credit anytime, anywhere in Nigeria.
It is a convenient emergency 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 tenure ranges from 91 days to 365 days with 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
To read more about Okash app, CLICK HERE.
FairMoney takes the 6th position on our list of top 15 quick cash loan apps in Nigeria, seamless lending procedures and excellent customer service.
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.
To read more about FairMoney app, CLICK HERE.
To visit FairMoney website CLICK HERE.
7. Page Financials
Page Financials comes no 7 on our list of best digital and quick cash loan apps in Nigeria. Whether you have an urgent need for cash to settle bills, take care of emergencies or grab an opportunity? Page Financials lending app and 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 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.
To read more about Page Financials, CLICK HERE.
Renmoney digital platform is number 8 on our list of best quick cash loan apps in Nigeria and it is managed by a group of technology and finance enthusiasts who are passionate about making financial inclusion count nationwide.
Renmoney says it is Nigeria’s most convenient quick cash loan company – delivering outstanding service experiences. With this platform, 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.
How Renmoney Loan App Works
Choose your loan amount & tenure then share some information about yourself
Verify the information that you’ve provided
Sign your documents and get the money in your bank account within 24hrs, if your loan is approved.
Loan amount of ₦2,000,000 borrowed for 12 months. Monthly Interest Rate: 2.9%. Total Amount Payable: ₦2,683,430. APR: 34.17% No other fees.
You can download the Renmoney app on Google Play Store by clicking here.
To read more about Renmoney, CLICK HERE.
Umba comes 9th position on our list of quick cash loan apps in Nigeria. 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.
What do people use Umba for? Plenty of things, like:
Getting a Mobile Money Loan
Apply mobile money loan in seconds. Receive mobile money to your M-Pesa account.
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 15 quick cash loan apps in Nigeria 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 organization code named MIM Finance Company has been enabling lives and businesses for over twenty (20) years now by its quick online loans and other related business support.
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
To read more about Money in Minutes loan app, CLICK HERE.
QuickCheck comes 11th position in our assessment rating of top quick cash loan apps in Nigeria for emergency funding. The platform uses machine learning to predict borrower’s behaviour and instantly evaluate loan applications.
How To Get Quick Cash Loan From QuickCheck in Minutes
Create a Profile
Download the app for free,
Sign up for an account
If you qualify, your cash will be disbursed within minutes to your bank account.
How Do I Apply?
Apply and your credit score will be instantly be 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. However, if and when QuickCheck launch on other operating systems, we will notify the public.
To read more about QuickCheck loan app, CLICK HERE.
Migo (formerly kwikmoney) ranks the 12th position in our list of accredited and reputable quick cash loan apps in Nigeria. 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.
The platform ensures your online loan request enters your account (or the account of the merchant you are paying) right after you complete your application session, so loan processing is just a few minutes.
Migo loan amounts range from N10,000 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 or guarantor to request your 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 is never necessary
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
13. MoneyPal (Zedvance)
MoneyPal owned and managed by Zedvance Limited is the 13th position rating on our list of best quick cash loan apps in Nigeria for emergency ending.
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 the MoneyPal app, you can access collateral-free Zedvance loans of up to N5million anywhere, anytime with zero hidden charges.
Customers can enjoy loan tenors up to 24months at Annual Percentage Rate (APR) of 34.8% – 365%.
To Visit and apply through MoneyPal (Zedvance) website, CLICK HERE
14. C24 Capital
C24 Capital takes the 14th position on our list of quick cash loan apps in Nigeria. The financial institution provides retail credit for consumers in need of emergency cash funding and is focused on delivering services that can be accessed online, from any internet-enabled device anywhere within Lagos.
The platform does not exist on Google Play Store or App Store and therefore application has to be completed on the company’s website.
To apply for personal or business loan with C24 Capital, CLICK HERE.
15. Alat By Wema
ALAT by WEMA takes the 15th and last position on our rating of top 15 quick cash loan apps in Nigeria for emergency loan credit. The platform offers easy access to quick 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.
To download the app on Google Play Store for android devices, CLICK HERE.
16. Access More — Best for Payday Loans
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 16th on our list of leading loan apps in Nigeria in 2022. Only limitation is that the services are only available to account holders of the bank, therefore you need to open an account to benefit.
17. Specta — Best for Non Salaried Individuals
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. It is our 17th reviewed loan apps in Nigeria and our “best pick” for non salaried individuals in 2022.
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.
To apply for a Specta Loan, Click here.
18. Lidya — Best for Highest Business Loan
Lidya is a USA holding financial institution though operating its arm in Nigeria while providing instant small business loans without collateral across the country. The company is spread across 3 continents and 5 countries which are USA, Portugal, Nigeria, Poland and Czech Republic.
Lidya grants instant credit between N50,000 to N30m to small businesses in 24 hours. Little wonder we choose this platform as our “best pick” for highest business loan amount in 2022.
How Lidya Loan Works
To assess credit risk, Lidya SME loan uses close to 100 data points to evaluate businesses, build a credit score unique to each business, and disburse loans in 24 hours or less.
The following are the processes to access Lidya small business loans
- Use your bank statements to get your loans
- Upload your transaction history. Upload your data quickly and safely in our platform. Your data will be analyzed in 24 hours.
- Understand your transaction data. Have a record of all your transactions that you can access online, anytime and anywhere.
- Be qualified for a loan. If your business needs more working capital to grow, this is the premier option for you.
- Get loans. Get access to funds immediately!
To Apply for a Lidya Business Loan CLICK HERE
19. SukFin — Best for Indirect Lenders
SukFin is our 19th pick in our comprehensive list of best instant loan apps in Nigeria for 2022, providing a 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.
How SukFin Small Business Loans Without Collateral Works
- 1. Tell how much money you need and what it’s for
- 2. SulFin will match your requirements with their lenders
- 3. They will get your loan approved and your small business financed
The company works with numerous lenders across the whole business funding market. They claim to have helped many of their customers find unsecured loans, invoice financing, equipment leases, startup loans and more.
To apply for SukFin Small Business Loan, CLICK HERE.
20. Coolbucks — Best for Unsecured Monthly Instalment Loans
Coolbucks makes the 20th position on our list of top 22 best instant loan apps In Nigeria for 2022. The online lending platform is best for unsecured monthly instalment loans without collateral within minutes of completing your application.
Depending on your profile, Coolbucks can disburse within 5 minutes to 24 hours of completing our application. The platform provides you up to N5,000,000 within minutes.
The platform also 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.
21. GTWorld Quick Credit — Best for Account Holders
With GTWorld, you have a mobile and banking loan app for instant cash that is 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 our 21st pick and it is best for bank account holders seeking instant loan apps in Nigeria in 2022.
• 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
Lendigo prides itself as Nigeria’s No 1 SME Finance Provider, and our 16th pick on the list of top 22 urgent and best loan apps In Nigeria without document or collateral. 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.
Up to ₦10m Loan
Apply in Minutes
Low Interest Rate
To Apply, Click here.