Top Ten Student Loan App in Nigeria

Wondering as a student if it’s possible to have access to Student Loan App in Nigeria. In this post, I’ll give you the most up-to-date list of the best online loan applications for students in Nigeria, where you can get a loan right away for personal or business use.

Since they are online, you can apply for one of these loans from the comfort of your own home on your phone.

As a student, it’s not easy to get money for small costs or to fund an idea.

Sometimes it seems like the best idea to borrow money from a friend, but keep in mind that we don’t live in an easy time, and most of your friends may not have money to lend. This is when getting a loan can be helpful.

There are several loan applications in Nigeria that offer loans at different interest rates.

I remember when people had to stand in line to apply for a loan, even if it was for a small amount. The process of getting a loan could take up to a month or even longer.

Top Ten Student Loan App in Nigeria

With a smartphone, a mobile app, and an internet connection, you can now get a mobile loan within 24 hours to pay for personal or school-related expenses.

Do you want to know about the best instant loan apps for students in Nigeria that can help you get money quickly if you need it?

After reading this post from start to finish, you will find at least one instant loan app that meets your needs.

1. Carbon

Carbon is a digital bank that lets you not only get loans, but also invest, send money to other people, buy airtime, pay bills, and do a lot more.

Just go to the Google Play store and download the app.

Fill out your biodata and send in all the required information, including your BVN. Based on the information you give, a loan amount will be calculated and approved for you.

When it first came out, the app Carbon was called the PayLater app. The most common and preferred way for most people to borrow money online is through Carbon.

Anyone can get a loan from the program, whether they are a student, make a monthly wage, or are an entrepreneur. When you need it, Carbon is there for you, and getting money is quick. They make it easy to get a loan.

If you want to use carbon, you don’t need a guarantor or collateral. You can apply for a loan at any time, day or night, and the money will be in your bank account within minutes.

Request a Loan Now

2. FairMoney

This app is one of the best ways for Nigerian students to get loans. You can get a loan in minutes, buy airtime, and pay bills all with your registered account.

Start by signing up with the phone number that goes with your BVN (an OTP will be sent to the registered number for verification).

As with any other loan application, you must include how to reach you. In a few minutes, the money will be in your account.

Fairmoney is safe and reliable, and it’s quick and easy to get loans and pay bills with them.

You can also make extra money as a student if you join their referral program.

FairMoney lets you apply for loans online for up to 150,000. You don’t need any paperwork or collateral, and the FairMoney Loan App makes it easy and stress-free to get a loan.

FairMoney also lets you spread out your payments over a number of payments. This gives you more freedom and makes the software and services easier to use.

3. Branch

The Branch loan platform is also one of the best loan apps for students in Nigeria. The best thing about it is that it doesn’t just work in Nigeria; it also works in Kenya, Mexico, and India. This means that a well-known and

The Branch makes it easy for you to get loans for whatever you need, whenever and wherever you want.

You can sign up in less than a minute, apply for a loan, and have the money sent straight to your bank account. It’s a fast, easy, and reliable way to get cash amounts, even in an emergency.

As a student, you can use the Branch loan app to borrow between 1,000 and 200,000.

Download on Google Play


This loan app has monthly interest rates that range from 3% to 21% and annual interest rates that range from 15% to 34%. There are no late fees or rollover fees.

4. Aella Credit

Aella Credit is another loan app in Nigeria that can get you a loan quickly. It offers loans of up to $1 million at interest rates between 6% and 20%.

The loan is for 1–3 months, and there are no fees for being late or rolling it over.

You can get the software from the Android Play Store, the Apple App Store, or both (iOS), Fill out all the information needed to use the app and get quick loans wherever you are.

Make sure your details are correct and match the information you give, because if they aren’t, you might not be able to use the app.

5. PalmCredit

Palmcredit is the best application for getting a loan in Nigeria. You can get a loan for as little as 2,000 and as much as 100,000 right from the Palmcredit app.

You can get the PalmCredit loan app from the Playstore, or you can find out more about it on any of PalmCredit’s social media sites.

Loan Duration

It gives loans for between 91 and 180 days. Between 14% and 24% is what the interest rate is. This means that if you want to borrow $100,000 for six months, you will have to pay back a total of $124,000.

Students who are at least 18 years old can apply for a loan through Palm Credit.

6. QuickCheck

The goal of Quickcheck is to help people and businesses reach their goals by giving them financial services. But if you are a first-time customer, you can get a $10,000 loan for 30 days.

With the QuickCheck app on your phone, you can get loans right away that go straight into your bank account, day or night. This is one of the best loan applications in Nigeria because they have a great way to get money.

At any time and from any place, you can get fast cash loans with interest rates in the single digits.

This loan software makes it possible for Nigerian students to get online loans right away without having to put up any collateral, and it works perfectly.

7. Alat

You can get quick loans through Alat by Wema without having to go to a bank or show proof of income.

Even though it is owned and run by Wema bank, you can borrow up to 2,000,000 as long as you follow certain rules and restrictions.

8. Okash

Remember the well-known Opay app, where you could buy airtime, pay bills, and do a lot of other things all at once?

Okash is a subsidiary of Opay and used to be part of the Opay app.

Okash is now a separate loan application in Nigeria, so you can get it from the Playstore (Android) or the App Store (iOS), Fill out all of the information needed to use the app and get quick loans.

How much money can I borrow?

You can borrow up to 50,000 from Okash without putting up any collateral. The maximum loan amount varies. They have different payment plans that range from 91 to 365 days.

9. KwikMoney (MIGO)

You don’t have to use the KwikMoney app to get a loan, so it’s a completely new way to borrow money. You can get loans through the loan portal on their website.

Your loans can be approved in a few minutes without any proof. The interest rate you can borrow at the next time you use the site will be higher the sooner you pay back your loan.

Visit their official website at to get a loan in seconds with just your phone number and have the money sent straight to your bank account.

Repayment Duration

You can pay back the loan in between 14 and 30 days. If you pay back the loan before the 14th day, you won’t have to pay interest.

This is a great thing for students to have. After 14 days, the rate of interest on the money you borrowed will go up by 5%.

10. SokoLoan

A microfinance institution like Soko Lending Company Limited wants to make it easier for poor people to get financial services by giving loans to low-income businesses, students who are still in school, and other people.

Sokoloan is a simple app that can be used to get short-term loans in Nigeria at any time of day or night.

The more quickly you pay back the money you borrowed, the more you can borrow. As a student in Nigeria, you can always use the Sokoloan platform or app to get a loan right away.

What are the best loan app for students in Nigeria?

Listed above are the best loan app for students in Nigeria which you can trust and very much reliable anytime you need a loan to pay your school fees or any bills within your academy section.

best loan app for students in Nigeria


There are many apps that students in Nigeria can use to get instant loans online, but I can’t list them all. That’s why I’ve decided to list the top 15 best apps and platforms that students can use to get instant loans.

But you should know that if you want to borrow money, especially for business, you should plan everything out carefully so you don’t get into debt. If you want to borrow money for personal reasons, you should make sure you have the money to pay it back on time because of interest.

Add this post to your bookmarks so you can check your choices again later. If you know of any other quick loan apps for students, please let us know in the comments.

Scroll to Top