Top 11 Quick Loan Apps In Nigeria For Instant Cash

Today, QUICK LOAN ARENA brings you the list of  top 11 best quick loan apps in Nigeria for instant cash. These lending apps provide instant cash offers for both individuals and businesses in Nigeria. We have been cursing the darkness by blacklisting rogue and fraudulent apps. However it’s also good to light a candle and praise those  digital lending apps that are doing well and not resorting to blackmail or shaming their customers and their customers and borrowers.

10 Best Loan Apps Without ATM Card In Nigeria 2022

Quick Loan Apps In Nigeria For Instant Cash
Quick Loan Apps In Nigeria For Instant Cash

In this era of economic decline and business meltdown and as the year is entering its 2nd quarter, financial obligations may have become overwhelmingly difficult to meet without getting instant cash for emergencies when you need them, especially when payday is still far away. However we now bring you a well researched list of top quick loan apps in Nigeria for instant cash access. These recommended lending platforms come with reputation but without shame or threat to customers and borrowers.

Best 11 Quick Loan Apps In Nigeria For Instant Cash

We recommend that in 2022, you make your request ONLY from any of the following 11 top quick loan apps for instant cash in Nigeria and as much as possible boycott the many others that threaten and blackmail you even before your repayment falls due.

  1.  Branch Quick loan app
  2. Carbon Quick Loan App
  3.  Aella Credit Quick Loan App
  4. Quick Credit Quick Loan App
  5. FairMoney Quick Loan App
  6. Page Financials Quick Loan App
  7. Renmoney Quick Loan App
  8. Umba Quick Loan App
  9. Money in Minutes Quick Loan App
  10. Migo Quick Loan App
  11. C24 Capital Quick Loan App

1. Branch

Branch is the first on our list of quick loan apps in Nigeria for instant cash that make it easy for people in Nigeria to get quick loan in 2022 up to ₦500,000, to transfer money for free, and enjoy investment yields of 20% per annum.

Top Fake Loan Apps In Nigeria

At the moment, Branch do not provide customer support by phone number or in person. They request customers to send them a message via the app any time, and promises to help resolve whatever issue such people may have.

Digital lending process of Branch is designed to fit the needs of the borrower and help him or her grow. As you build credit with Branch, you unlock larger lending amounts.

Unlike other digital lending apps, Branch 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 digital app claims it doesn’t charge late fees or rollover fees, nor put restrictions on how you spend your money, and their customer support team is available 24/7, according to the app.

What is required to receive a quick loan from Branch app?

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.

Best 22 Reputable Loan Apps For Instant Cash In Nigeria 2022

To read more about Branch loan details, CLICK HERE.

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

2. Carbon

Carbon, formerly known as Paylater, is the second on our list of top quick loan apps in Nigeria for instant cash.

Quick loans 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 from this digital lender.

Carbon digital lending app 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 read more about Carbon, CLICK HERE.

3. Aella Credit

Aella Credit is the third on our list of leading quick loan apps in Nigeria for instant cash. With this app, it shouldn’t be difficult to borrow quick loans and get instant cash 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.

According to Aella, “you deserve simple, straightforward products that actually work, adding that they make it super easy for anyone to borrow, invest, make payments, and insure their health.

How Aella Quick Loan App works

1. Download Aella digital lending app

Download the Aella Credit app from Google Play Store or IOS App Store.

2. Create your account

Simply fill out your details in less than a minute and submit for a quick review.

3. Update your profile

Update your profile by providing answers to quick questions about you.

4. Check Eligibility

Click the “Check Eligibility” button to see the amount of loan you are eligible to borrow in seconds.

5. Apply for loan

Loans will be sent to your provided account in 5 minutes or less.

6. Receive funds in your bank account

Loans can be repaid via the App or directly to your personalized bank account. Build your credit score to qualify for higher loans.

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

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

To read more about Aella Credit, CLICK HERE.

4. Quick Credit

Quick Credit is no 4 on our list of top quick loan apps in Nigeria for instant cash. This lender 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

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.

READ ALSO! CBN unveils business loans at 5% (N5m individuals, N25m corporate) for graduates, undergraduates

You can download Quick Credit digital lending 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.

5. FairMoney

FairMoney takes the 5th position on our list of top quick loan apps in Nigeria for instant cash, seamless loan procedures and excellent customer service.

In the last four years, over 3 million customers have patronised FairMoney for quick online 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%)

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 digital lending app on Google Play Store by clicking here

To read more about FairMoney app, CLICK HERE.

To visit FairMoney website CLICK HERE.

6. Page Financials

Page Financials comes no 6 on our list of best quick loan apps in Nigeria for instant cash. 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.

Does payday seem so far and bills are piling up? Page Financials has a convenient, secure and instant loan scheme that have got you covered. You can apply for a loan now and get the funds in less than 3 hours, the company says.

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 apply for a Page Financials quick loan, CLICK HERE

To Download and apply through PAGE FINANCIALS digital lending 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.

7. Renmoney

Renmoney digital platform is no 7 on our list of leading quick loan apps in Nigeria for instant cash. The quick loan company is managed by a group of technology and finance enthusiasts who are passionate about making financial inclusion count in Nigeria.

Renmoney digital lender claims to be Nigeria’s most convenient lending quick loan company – delivering outstanding service experiences but it is no 8 on our list.

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.

How It Works

Choose your loan amount & tenure then share some information about yourself

Verify the information that you’ve provided

Receive loan
Sign your documents and get the money in your bank account within 24hrs, if your loan is approved.

Representative Example:

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.

Apply For Renmoney Quick Loan:

To Apply for their Renmoney Quick Loan, CLICK HERE

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

To read more about Renmoney, CLICK HERE.

8. Umba

Umba comes 8th position on our list of quick loan apps in Nigeria for instant cash. 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.


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 digital lending app on Google Play Store by clicking here

To read more about UMBA loan app, CLICK HERE.

9. Money In Minutes

Money In Minutes is coming 9th position on QUICK LOAN ARENA rating of top quick loan apps in Nigeria for instant cash. Managed by MIM Finance Company, this lending app is a UK-originated credit 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.

With over $10 Billion disbursed over the last two decades, Money In Minutes is in a position to help individuals and businesses to grow. According to the company: “Affordable and stress-free finance shouldn’t be for the privileged few but for ambitious and hardworking citizens that can demonstrate the ability to afford repayments.”

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.

10. Migo

Migo (formerly kwikmoney)  ranks the 10th position in our list of accredited and reputable quick loan apps in Nigeria 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.

Among all the quick loan apps in Nigeria for instant cash, Migo is unique in striving 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.


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.


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

11. C24 Capital

C24 Capital platform takes the 11th position on QUICK LOAN ARENA leading quick loan apps in Nigeria for instant cash. The financial institution provides retail loans for consumers in need of quick financial solutions 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.

Types of C24 Capital Loan Offer

Personal Loans

Business Loans

Quick Cash


Check Your Eligibility…Read through our loan requirement to see if you meet our eligibility criterion.

Personalize Your Offer…Select how much loan you want and how long you want to take it for.

Borrow & Repay…Once you are done with the application submit your application and you get your loan amount with your own terms within hours.


4 Adenubi Close off Majekodunmi Street, off Allen Avenue, Ikeja, Lagos

Reach them on WhatsApp 09090896919
Call Us On:
09090896919, 09090897471

Working Hours: 8:00AM – 5:00PM
Working Days: Monday – Friday

To apply for personal or business loan with C24 Capital, CLICK HERE.

To apply for QuickCash from C24 Capital as a Civil Servant, CLICK HERE.

To visit C24 Capital website and read more, 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 (, 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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