Top 30 Best Instant Loan Apps In Nigeria 2021/2022

In this season of prevailing unethical practices by ravaging fraudulent and illegal online lending platforms, we bring you the best and the most legit  instant loan apps in Nigeria for 2021/2022 with guaranteed reputation, with low interest, with highest loan amounts of up to N100,000, to N200,000 and some to N500,000 and even more.

These recommended digital lenders are relaible and operate fast loan processing procedures with no need of collateral, documentation or guarantors. to meet your emergency demand for funds and urgent financial obligations. When 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. Our list of reputation instant loan apps in Nigeria have been specially curated for you!

 Reputable Loan Apps For Instant Cash In Nigeria 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

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 these days, it may be necessary to only patronize instant loan apps in Nigeria that have positive customer feedback and reputation, integrity and won’t share your contact list with third parties or compromise your private data to unsolicited public.

Loan Sharks In Nigeria
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

How To Apply For Emergency Cash Through Instant Loan Apps In Nigeria for 2021/2022

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 that accompany mos 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 30 online lenders on our list, let us first answer some very important frequently asked questions about these digital lenders across the country.

Frequently Asked Questions (FAQs) About Instant Loan Apps In Nigeria 2021/2022

Can You Stop Instant Loan Apps in Nigeria From Accessing Your Contacts?

The answer to this question depends on what action you have previously taken! Provided you have once downloaded the loan app and have collected a loan from the platform. You can no longer stop the app from accessing your contact because it is already safely stored in the app’s external database. Even though you later uninstall the app, it is still with them. The best you can do is stop collecting their loan and repay any outsanding loan to avoid any further harrassment, threat or blackmail. Then uninstall the app.

Can Denying Loan Apps Permission Stop Them From Calling or Messaging Your Contacts?

YES. Once you deny a loan app permission to access your contact list, you automatically stop them from accessing, calling or messaging your contacts. However if you deny any lending platform permission from accessing your contact, your loan will NOT be approved and you won’t get any funding from the loan app. So you have to decide on which one is more important to you.

Which is the fastest instant loan app in Nigeria?

According to customer feedback, Money in Minutes provides the fastest loans in Nigeria, with requests getting approval within few minutes. This app provides instant access to loans of up to 100,000 NGN, which may be granted on your mobile device at a rate that is, by all accounts, the quickest among the best loan apps in Nigeria.

Which are the best instant loan apps in Nigeria?

QUICK LOAN ARENA carried out an independent review which monitored the performance, reputation, highest loan amount, operational ethics, customer service, customer feedback, loan recovery method and by highest number of  downloads for 2022 year period among other criteria to determine our best loan apps in Nigeria list. They are the following:

  1. Renmoney
  2. Branch
  3. Carbon
  4. FairMoney
  5. Aella Credit
  6. Umba
  7. Money In Minutes
  8. Lendigo
  9. Migo
  10. QuickCheck
  11. Baobab Loans

How do I get loan apps in Nigeria to stop calling my contacts? How do you stop loan apps from accessing your contacts?

To stop loan apps from accessing your contacts or calling your contacts and family members, do the following:

  1. Don’t download any loan app on your phone.
  2. If you have already downloaded a loan app, don’t approve or collect any loan from the platform.
  3. If you have already collected a loan from the platform, delete and uninstall the app immedialy from your phone and do not reinstall or collect any further loan from the credit platform.
  4. Only download and patronize reputable loan apps that will not send shame or defamatory messages to your contacts, even if they have your phone contact access.

Which app in Nigeria provides loans without a BVN?

None. There is no reputable loan app in Nigeria that does not require a BVN. This is because the BVN is the most effective paperwork for the loan app in the event of default.
A BVN is also the legal document needed to verify the identity of individuals requesting loans in Nigeria via loan apps.

How to report instant loan apps in Nigeria

In several instances, loan apps in Nigeria have been found guilty of using coercive or even unlawful methods to get loan repayments from borrowers. This tactic has become even more incessant following the plummet of the naira, which can no longer be considered a top African currency.

To report loan app harassment in Nigeria, send an email to lenderstaskforce@fccpc.gov.ng, which is the Federal Competition and Consumer Protection Commission, FCCPC. However, it is vital to note beforehand that this authority is strongly opposed to the practice of using loan applications in Nigeria since the FCCPC states that they are unregulated.

Which is the best loan app in Nigeria with the lowest interest rate?

Among the most reliable loan apps in Nigeria, Branch’s 2.5% to 20% monthly interest is the most competitive. The loan app’s APR of 18% to 260% is considerably lower than that of Fairmoney, Carbon, Palmcredit, and other rivals in the mobile loan sector.

Can loan apps block my BVN?

No loan app in Nigeria can block your BVN, as this is an imperative action that can only be executed by the CBN. Instead, if you fall short of mobile loan standards, your identity will be reported to the National Credit Bureaus.
This financial body will label you a high-risk borrower, making it more difficult for you to get a loan from any loan platform in the future.

Having a negative rating with the Bureau may seem trivial at the moment, but if you plunge into a financial crisis and require credit, no Nigerian loan app would provide you with one owing to your poor credit history.

For this reason, you should never cease paying your loans, and if you have not done so, you may contact the loan app for assistance in negotiating a reduction on your debt.

Can a loan app access my contacts if uninstalled?

A loan app cannot access your contact list if you already uninstalled the app from your phone. However it’s likely your contacts have been downloaded and stored in the app’s database outside your phone if you ever collected a loan from them. To stop loan apps from accessing your phone contacts again, safely uninstall the app and do not patronize them anymore.

How do I stop messages from loan apps?

To stop messages from digital lenders or stop loan apps from accessing your phone contacts again, safely uninstall the app and do not patronize them anymore. Also if you are owing any outstanding loan, pay down and let the app be aware that you have paid your loan to update your records.

Can you go to jail for not paying a personal loan in Nigeria?

In most situations, failure to repay a loan does not constitute a criminal offence since it is strictly a civil issue. Civil debts are those incurred via personal loans, wages, mortgages, or credit cards; thus, nonpayment of a loan does not result in imprisonment.

Nigerian law does not recognise nonpayment as a ground for incarceration since a person who loses his job, becomes ill, or is involved in an accident cannot continue paying his debt. Given this viewpoint, you mustn’t believe that halting payment has no repercussions since loan defaults may result in the seizure of assets or even your house.

If it can be proven that you sought a loan with the aim of never paying it back, you may be imprisoned. In the event that there is substantial evidence that you intended to perpetrate fraud, the nonpayment will be considered a “patrimonial offence”.

The preceding mostly relates to individuals or organisations committed to scamming financial institutions or, concurrently, stealing the identities of individuals in order to obtain finance in their names.
Never borrow more than you can afford to repay, and if you fall behind on payments, negotiate with the loan platform or seek employment at a high-paying Nigerian job.

How to stop a loan app from accessing your contact?

  1. Don’t download any loan app on your phone.
  2. If you have already downloaded a loan app, don’t approve or collect any loan from the platform.
  3. If you have already collected a loan from the platform, pay back any outsanding balance, delete and uninstall the app immedialy from your phone and do not reinstall or collect any further loan from the credit platform.
  4. Only download and patronize reputable loan apps that will not send shame or defamatory messages to your contacts, even if they have your phone contact access.

How Do I Prevent Fake Loan Apps Like Sokoloan, LCredit and others From Calling Or Messaging My Contacts?

To stop fake loan apps from accessing your phone contacts generally or specifically stop scam platforms like Sokoloan or LCredit from messaging your list, do not download their apps on your phone. Do not approve or collect any loan from them. Do not give them permission on your phone to access your contacts. That essentially means you cannot have access to collect their loans.

Top 30 Best Instant Loan Apps In Nigeria for 2021/2022

Reputable Loan Apps For Instant Cash In Nigeria 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

We have carefully selected the top 30 best instant loan apps in Nigeria that can help you in times of emergency needs or keep you until payday. Our list contains apps that 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.

Below are QUICK LOAN ARENA list of the top 30 best instant loan apps in Nigeria for 2021/2022.

  1. Branch
  2. Carbon
  3. FairMoney
  4. Aella Credit
  5. Umba
  6. Money In Minutes
  7. Page Financials
  8. Alat By Wema
  9. Lendigo
  10. iCredit
  11. Migo
  12.  Access More
  13. Specta Loan
  14. Lidya
  15. SukFin
  16. Renmoney
  17. QuickCredit
  18. Coolbucks
  19.  Starloan
  20. GTWorld QuickCredit
  21. Xcrosscash
  22.  Fair Loans
  23. QuickCheck
  24. KashNow
  25. Moneypal (Zedvance)
  26. C24 Capital
  27. Fair Credit
  28. Baobab Loans
  29. Express Loans
  30. EasyNaira

1. Branch

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Branch is one of the best instant loan apps in Nigeria for instant cash in 2022 and our 1st pick for the most reputable by customers’ feedback. 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.

You can 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.

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

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Carbon, formerly known as Paylater, is our 2nd pick in the list of top 30 best instant loan apps in Nigeria in 2022.

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.

3. FairMoney

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

FairMoney is our 3rd pick in our list of top 30 best instant loan apps in Nigeria in 2021/2022 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. Aella Credit

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

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 pick on our list of instant loan apps in Nigeria.

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.

5. Umba

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Umba is the 5th pick on our list of instant loan apps in Nigeria for 2021/2022. 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.

How 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

6. Money in Minutes

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Money In Minutes is our 6th pick in the list of instant loan apps in Nigeria by reputation based feedback from users and customers. The platform 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.

To apply for a Money In Minutes Loan, CLICK HERE

7. Page Financials

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

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 Page Financials Loan, CLICK HERE.

8. Alat by Wema

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria in 2022

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.

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.

9. Lendigo

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Lendigo lending platform prides itself as Nigeria’s No 1 SME Finance Provider and the 9th on our list of 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 for Lendigo Loan, Click here.

10. iCredit

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Icredit is one of the instant loan apps in Nigeria in 2022. The app gives out loans to customers without the use of document or collateral. We do not have any report yet that this lending platform shame its customers for loan default and thus qualify for our 10th pick for loan apps by reputation.

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.

11. Migo

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Migo (formerly kwikmoney) is a cloud-based lending platform and the last on our list of instant loan apps in Nigeria for quick 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.

Migo loan amounts range from N10,000 to over N500,000 but limited to N50,000 for a new customer.  You do not need any collateral, guarantor or documentation to request a Migo loan.

All you need is an android phone, your banking details including BVN and a complete online application form.

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

12. Access More

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

 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 12th in our list of instant loan apps in Nigeria for 2021/2022. 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.

13. Specta Loan

Loan in minutes in Nigeria
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

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 13th pick on the list of top best 30 instant loan apps In Nigeria for 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.

14. Lidya

Top 30 Best Instant Loan Apps In Nigeria 2021/2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

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 says it can grant instant credit between N50,000 to N30m to small businesses  in 24 hours.

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

15. SukFin

SukFin Top 20 Loan Apps In Nigeria 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

SukFin is our 15th pick for our comprehensive list of the top 30 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

SukFin SME Loan Scheme understand that getting finance for your business in Nigeria can be incredibly frustrating. It is upon this foundation that SukFin was founded — to make it easy for business owners to find the right finance products.

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.

16. Renmoney

Top 11 Best Loan Apps In Nigeria 2022 (Giving Out 500K And Above)
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Renmoney is the 16th on our list of top 30 best instant loan apps in Nigeria for 2021/2022. The platform has its 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.

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

17. Quick Credit

Top 30 Best Instant Loan Apps In Nigeria 2021/2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Quick Credit is one of the top lending platforms that give instant loan to customers in Nigeria in 2022. 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%.

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

18. Coolbucks

5 Best Loan Apps In Minutes In Nigeria
Coolbucks Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Coolbucks makes the 18th position on our list of top 30 best instant loan apps In Nigeria for 2021/2022. The online lending platform provides unsecured 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.

19. Starloan

Top 30 Best Instant Loan Apps In Nigeria 2021/2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Starloan is our 19th pick for the best instant loan apps in Nigeria for 2022. The platform 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.

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

20. GTWorld Quick Credit

Top 5 Banking Apps In Nigeria With Over 5 Million Downloads On Google Play
GTWorld Quick Credit: Top 30 Best Instant Loan Apps In Nigeria 2021/2022

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 2oth pick on the list of top 30 best instant loan apps in Nigeria for 2022.

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

21. Xcrosscash

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Xcrosscash is an emerging platform and we found it qualified to join in the 21st position of instant loan apps in Nigeria by reputation for 2022. 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.

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

22. Fair Loans

Top 30 Best Instant Loan Apps In Nigeria 2021/2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

Fair Loans is different from the very popular FairMoney Loan App we have all been used to. Fair Loans is one of the new loan apps in Nigeria for 2022 and it’s our 11th pick on our list of top 22 instant loan apps in Nigeria for quick and emergency cash.

Whatever your needs are, with Fair loans it’s easy to apply for a small cash loan from N5000 to N30,000.

The new loan app claims its platform gives out easy, fast and convenient  loan as quickly as possible. It adds that its application process is simple and hassle-free, with no paperwork!

Get loan in 3 Easy Steps.

1. Create your account
2. Confirm Identification Details
3. Apply your loan

1. Loan Amount: 5,000 – 30,000 pesos.
2. Loan Term: 90 up to 365 days (3 – 12 Months)
3. Loan Interest rate: Flexible loan rates option, Maximum APR 24% pa
4. Transaction fee: zero

To Download Fair Loans On GooglePlay Store, CLICK HERE.

23. QuickCheck

QuickCheck: Loan App That Gives Up To N500,000 Quick Cash
QuickCheck: Top 30 Best Instant Loan Apps In Nigeria 2021/2022

QuickCheck comes 23rd position on our assessment of top 30 best instant loan apps In Nigeria for 2021/2022. The app uses machine learning to predict borrower’s behaviour and instantly evaluate loan applications.

Once you apply, 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. However, if and when we launch on other operating systems we will notify the public.

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

24. KashNow

Top 30 Best Instant Loan Apps In Nigeria 2021/2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

KashNow, a digital loan product of UC Plus Advance Limited that allows users to initiate and access instant credit facilities to meet small cash needs through a secured and reliable platform.

UC Plus Advance, a subsidiary of United Capital Plc Group, is a consumer finance business that is committed to providing efficient alternative lending solution to you.

KashNow loans range between N10,000 to N50,000 and are typically within one month tenure or repayable from the next salary. KashNow is easy, quick, simple, fast and convenient.

KashNow Products

1. KashNow for employee of any organization (Federal government, State government or Private organizations) whose salary is being processed through Remita payment platform.

2. Asset Backed loan (A short to medium-term loan for individuals against their investments)

KashNow loan is initiated either through USSD or through the web.

CLICK HERE to apply through the web option..

25. MoneyPal (Zedvance)

Top 30 Best Instant Loan Apps In Nigeria 2021/2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

MoneyPal owned and managed by Zedvance Limited is the 25th pick on our list of top 30 best instant loan apps In Nigeria for 2022.

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. Customers can enjoy loan tenors up to 24 months at Annual Percentage Rate (APR) of 34.8% – 365%.

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

26. C24 Capital

Top 30 Best Instant Loan Apps In Nigeria 2021/2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022

C24 Capital takes the 26th position on our list of top 30 best instant loan apps In Nigeria for 2022 according to general survey by customers on Google Play Store and other analysis.

The platform 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.

C24 Capital does not exist on Google Play Store or App Store and therefore application has to be completed on the company’s website.

How To Apply For A C24 Loan?

  • 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.

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

27. Fair Credit

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2022

Fair Credit is a top selection on our list of best instant loan apps in Nigeria for 2022. Its loan amounts range between ₦1,500 to ₦1,000,000 with repayment periods from 95 days to 18 months at monthly interest rates that range from 2.5% to 30% (APRs from 28% to 32%)

It gives interest discounts of up to 90% for early repayments and claims there are no hidden fees

Now, the app is more than just a loan app. Fair Credit is owned by a Microfinance bank that is duly licensed by the Central Bank of Nigeria. As such, all your deposits are insured with the Nigeria Deposit Insurance Corporation (NDIC).

To Download FairCredit On GooglePlay Store, CLICK HERE.

28. Baobab Loans

Top 30 Best Loan Apps By Reputation For 2022
Top 30 Best Loan Apps By Reputation For 2022

Baobab Microfinance Bank is our 28th pick on the list of top 30 best instant loan apps in Nigeria for 2022. The platform requires little or no documentation. It gives out loans to individuals and business owners to enable them grow and expand their businesse. They have different categories of loans.

The loan organization claims it can make credit decision and disbursement with in 72 hours if all requirement are met and fulfilled. Baobab gives out loan between N20,000 to N50 million repayable in 1 to 24 month with minimum administrative procedures.

Baobab minimum loan amount is N20,000 and a Maximum amount of N50,000,000. Both depend on the borrower’s repayment capacity assessed based on verifiable business inventory and other criteria.

CLICK HERE to apply for Baobab Loans

29. WeCredit

WeCredit have been in the business of giving out micro and medium scale loans to individuals for the past 6 years and more than 50 million customers have relied on them for loans which are quick and stress free.

Loan amount ranges from ₦3,000 to ₦500,000 naira and the time of repayment can range from 91 days to 16 months with monthly interest rates ranging from 2% to 24%.

Loan Offer from WeCredit

Amount ranging between ₦3,000 naira to ₦500,000 naira.
Repayment between 91 days – 16 months.
Interest rate for the online loan max of 24% per annum (APR)
Interest reduction of up to 50% for recurring customers.

Below is an example of how WeCredit works:
Borrow ₦1,000 over 1 year.
Due interest/charges 20% ₦200.
Total amount 1,200 after 1 year.

Click here to download WeCredit App from Google Play Store

30. EasyNaira

Top 30 Best Instant Loan Apps In Nigeria By Reputation 2022
Top 30 Best Instant Loan Apps In Nigeria 2021/2022
EasyNaira is a digital loan platform for mobile users worth trying out, while we expect your review and feedback. It is our final and 30th pick for the leading instant loan apps in Nigeria for 2022.
EasyNaira claims it can meet customers’ needs 24/7 and completely online. The application process takes just a few steps with minimal documentation and the approved loan amount will be immediately transferred to your applicant’s bank account.

Loan period: the loan range is from 91 days to 365 days.
Loan amount: the loan amount is from NGN 30,000 to NGN 300,000.
Loan interest: the interest range is from 2.4% – 12% with an equivalent monthly interest of 0.4% – 2% and APR of 4.8% – 24%.

Loan application steps:

1.Register with your phone number
2.Submit your information
3.Get credit
4.Add bank account
5.Get moneyContact Us

To Download EasyNaira On GooglePlay Store and apply, CLICK HERE

READ ALSO:

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Inquiries:
Email: quickloanarena@gmail.com
Whatsapp: +234 0803 239 3958



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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.

5 Comments

  1. wow, QUICK LOAN ARENA is doing very commendable.. Please keep up the good works

  2. 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

    1. Thanks for your feedback Felix. We will edit No 11 and replace them immediately. Thanks once again.

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