Looking out to Which app is the best loan app in Nigeria? There are a lot of online lending platforms and digital banks out there, and you might be tempted to contact the first one you see. But because many fake loan apps and loan sharks today send threatening and defamatory messages, it may be best to only use instant loan apps in Nigeria that have a good reputation, integrity, and brand name to protect.
We recommend the best and most trusted instant loan apps in Nigeria if you need money quickly to pay bills and can’t wait until payday or the end of the month, or if you run a business and need to boost your working capital.
Quick loans are also easy to get by downloading the mobile app. You need to get the app from the Google Play Store or the Apple App Store and sign up with your social media account or by making a new account. After you enter basic information like your address, BVN, NIN, bank information, a photo, etc., you can upload the valid documents.
Most lending apps have features like a quick registration process, quick verification, and no need for collateral, paperwork, or a guarantee. But you may have to deal with a higher interest rate and a shorter loan term, which is usually between 1 and 12 months.
1. Aella Credit
The Aella Credit loan app was made to make it easier for everyone in emerging markets to get a loan by using technology and the fact that Nigerians use their phones a lot. It is the eighth best instant loan app in Nigeria in terms of reputation.
The credit company’s goal is to help people become financially independent by giving them easy-to-use products like quick loans, instant cash, investment opportunities, and bill payment services.
2. Money in Minutes
Money In Minutes is the sixth best app on our list of instant loan apps in Nigeria based on feedback from users and customers about the app’s reputation. The platform is run by MIM Finance Company, which is based in the UK and has offices on three continents. It is also Nigeria’s first credit membership that gives you cash right away.
The platform has a wide range of products that can help you get affordable financing for many different needs and goals.
3. Page Financials
Page Financials is one of the best instant loan apps in Nigeria for getting fast cash loans. It is licensed by the Central Bank of Nigeria (CBN) and has been offering cutting-edge digital solutions for over 6 years.
Once your loan is approved, the organization gives you cash right away. It also offers investment services and other financial services through the internet and mobile apps. Its excellent products and services are made to meet the financial needs of its many different customers.
4. Alat by Wema
ALAT is another app on our list of instant loan apps in Nigeria for getting quick cash loans without paperwork or collateral. Any Alat customer can get a loan through the Alat app or website.
As with everything else on ALAT, you can now apply for a quick loan without putting up collateral or filling out a lot of paperwork. You also don’t have to go to a physical location to get the loan, and the response time between accepting an offer and getting the money is only a few minutes. Now, you can borrow up to N2,000,000 (Two million naira) without putting anything up as security.
Lendigo’s lending platform is proud to be Nigeria’s No. 1 SME Finance Provider, and it’s the 20th app on our list of trustworthy Nigerian instant loan apps. The lending platform makes it easy, fast, and flexible for Nigerian SMEs to get working capital that fits their business needs and their financial needs.
You can apply for a Lendigo loan in minutes and have it processed for you if you are a small or medium-sized business (SME) that sells retail or professional services or general goods like electronics, computers, phones, clothing, and household goods, among other things.
In 2022, Icredit is one of the most well-known instant loan apps in Nigeria. Customers can get loans through the app without having to show any proof or collateral. We haven’t heard yet that this lending platform shames people who don’t pay back their loans, so it’s our 10th pick for loan apps based on reputation.
Migo (formerly kwikmoney) is a lending platform that is based in the cloud. It is the last app on our list of good instant loan apps in Nigeria for getting cash quickly. You can get an instant loan through the app, and if you want to, you can buy things from stores or withdraw cash without a smartphone, POS hardware, or plastic cards.
Migo tries to get your online loan request into your account (or the account of the merchant you are paying) as soon as you finish your application session.
Migo loans range from N10,000 to more than N500,000, but a new customer can only get up to N50,000. To get a Migo loan, you don’t need any collateral, a guarantor, or paperwork.
SukFin is the 15th app on our list of the best 30 loan apps in Nigeria based on reputation for 2022. It makes it easy and free for small and medium-sized businesses (SMEs) in Nigeria to do research and find money for their businesses. The organization uses technology and expertise to match small and medium-sized businesses (SMEs) with different lenders. This gives SMEs in Nigeria access to a variety of funding products. It’s easy to apply, and if you give them the information they ask for, the money can be in your account quickly and right away.
The company works with a wide range of lenders in the business funding market as a whole. They say that they have helped many of their customers find unsecured loans, invoice financing, equipment leases, startup loans, and more.
Renmoney is the 16th best instant loan app in Nigeria for 2022, according to our list. The main office of the platform is in Lagos.
The Renmoney app makes it easy to get a quick loan in just a few steps. People who work for someone else or are self-employed can get a Renmoney quick online loan. Business owners can also get one. So, if you need a personal or business loan right away, you can get between 6,000 and 6,000,000 and pay it back in 3 to 24 months.
10. Quick Credit
Quick Credit is one of the most trusted apps in Nigeria for getting a loan right away in 2020. The platform tries to make it easy for borrowers and mobile users to get loans quickly and easily.
Users can get qualified loan products with just a few easy steps and little paperwork. The whole process takes place online. Once the loan is approved, the money will be sent straight to the applicant’s bank account.