25 Apps To Borrow Money In Nigeria

Ever wondered how to get the best & instant loan apps to borrow money in Nigeria with no collateral and minimal interest rate.

This article is about all the apps To Borrow Money In Nigeria by just downloading them on your phone and getting instant loan without any form of document or physical examination for your pressing needs such as business expansion, rent, food, transportation and many more.

Gone are those days that bank customers will have to queue for hours turning into days for a small amount of loan and commercial banks do request for collateral security which is one of the reason most loan requests are not granted. Now with just a click on apps To Borrow Money In Nigeria you will get the loan.

Commercial banks loan process sometime takes weeks or month despite no guarantee that the loan request will be granted. Fintech companies has helped the need to create apps to borrow money in Nigeria in which loan request are granted in few minutes to sort out some financial needs with the use of a mobile phone, a loan application and internet.

Below are well known and trusted apps To Borrow Money In Nigeria with fast customer care response, good financial record with Central Bank of Nigeria, these apps can borrow you loan for business or pressing personal loan.

This list of apps to borrow money in Nigeria does not include any loan app that fall in the list of fake loan apps in Nigeria, we

These loan application listed here are updated regularly that is why we are giving more than 20 apps To Borrow Money In Nigeria and as at the time of posting this article they give out loan in less than an hour, instant online loan in Nigeria with disbursement to your designated bank account within Nigeria. These loan apps that we are about to mention are possible the best apps to borrow money in Nigeria In no particular order, these are the apps To Borrow Money In Nigeria

Carbon Loan App

Carbon formerly known as Paylater is a good apps to borrow money in Nigeria, a reputable loan company that gives out soft loan to business owners and individual to sort out needs of emergency . Carbon is now a registered digital financial institution in Nigeria that deals in  investment, funds transfer, airtime purchase, bills payment and so much more.

You can have up to about 500,000 naira upon approval after you have successfully completed the registration process. The registration process requires every applicant to provide all details required such as your name, phone number, and email. Applicant must upload his or her photo, request for loan amount, add automated teller machine (ATM ) card.

Carbon also extend their loan facilities all group of individuals from student, employed, self employed, salary earners and entrepreneur.

Approved loan takes about 1- 3 working days before you can see the effect on your bank account , the paylater loan app requires No need for guarantorsNo need for collateral for you to apply for a loan 24/7 and receive funds into your account within minutes. The more often you use Carbon app for all your business transactions such as investment, funds transfer, airtime purchase, bills payment the more loan you will have access to and paying back on time will definitely increase you credit limit.

Carbon Loan Requirement

  • Must download and use the Carbon app
  • They will ask for your basic details such as name, phone numbers and more
  • You must snap a photo of you which you may have to snap real time with your phone via the app
  • You need Bank Verification Number (BVN)
  • You need bank account details
  • You need an ATM card that will be used to pay back loan.

Carbon had several won the best loan app in Nigeria 2022 for their uptime customer care service and privacy policy in the best interest of the customers.

You can download the carbon app from the play store or visit their official website to get more details about Carbon (PayLater)


App To Borrow Money In Nigeria

Palmcredit is another top apps To Borrow Money In Nigeria with the opportunity for all loan applicant to have access to as low 2,000 naira and 1 million naira.

Getting a loan on the Palmcredit is so easy with a customer friendly mobile application, with just some few steps in the registration process, the required loan amount will be sent directly to the loan applicant preferred bank account .

Palmcredit also rewards customers that refer other people to come borrow loan from their network.

As soon as you repay, your credit score is updated. Repay on time and watch your limit grow to N100,000.

Palmcredit Loan Requirement

  • Download your Palmcredit App. Here is the PlayStore Download Link
  • Enter your personal details
  • Input your phone number
  • Respond with the OTP sent to your phone
  • Enter your bank account number and other detail
  • Bank Verification Number
  • A smartphone that has internet connection
  • Applicant must be 18 years old or above
  • Click Apply to get a loan
  • Enter your preferred amount (N2,000 – N300,000)
  • Agree to terms and conditions
  • Submit


P2vest is the most popular P2P new loan apps in Nigeria that is offering instant loans in Nigeria that requires guarantor. It is also a top apps to borrow money in Nigeria

P2Vest peer-to-peer has a trust worthy lending platform that connect the lender and the borrower . Lenders are referred to as investors and they can select who they are willing to grant their loan to .

P2vest has a lot of financial services that they render to their esteemed customers such as  P2VFB for business owners, the P2Vest is also available on App store and Play store, P2vest is one of the few loan application on the app store.

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P2Vest Loan Requirement

  • Your Personal Details
  • Your Employment Details
  • Functional Debit Card
  • Name And Details Of Guarantor

LCredit Loan App

App To Borrow Money In Nigeria

Lcredit is one of the most popular apps to borrow money in Nigeria and instant loan for personal needs.

Lcredit can grant any loan applicant up to 300,000 depending on these factors in the course of calculating the loan applicant credit score, age, monthly income, BVN and existing debt.

Lcredit grant soft and instant loan without guarantor with its  interest rate of 11.99% for salaried and self-employed individuals with a maximum limit of 36%.

LCredit is a service created by Cashigo International Limited and the loan app is available on Google Play Store and App store but only available in Nigeria. The only problem with Lcredit loan app is that they only grant loan within 2 weeks duration and they will send your debt to all your contacts list.

Lcredit Loan Requirement

  • Be a legal citizen or legal Resident of Nigeria
  • Be at least 18 years old
  • Have a Monthly income source.
  • Bind your ATM card to your account
  • Provide details of two of your next of kins including their phone numbers
  • Have a good credit score with no outstanding loans from other lenders
  • Have a valid government issued ID card
  • Have an active bank account.
  • Your phone number must be the one connected to your BVN

FairMoney Loan App

App To Borrow Money In Nigeria

If you are looking for apps to borrow money in Nigeria then Fairmoney should be your destination, Fairmoney is a registered digital bank in Nigeria that grant loan for urgent needs, bills, business and much more.

Fairmoney also gives other financial services like savings, investment, airtime and bill payment at ease.

Fairmoney is quite the best loan app in Nigeria because it gives debtors the chance to pay a token and extend your due date by a week or 2 weeks or a month, only Fair money does it among all other apps in nigeria for borrowing . You can get more information about Fairmoney loan application on their official website or Download FairMoney App From Google PlayStore

Fairmoney Loan Requirement

  • Basic personal information such as name and email
  • Bank Verification number (BVN)
  • Bank Account details
  • Automated Teller Machine card (ATM card). This is needed because it will be used to debit you for loan repayment.
  • A photo of you may be needed real time

Branch Loan App

App To Borrow Money In Nigeria

Branch loan app is one of the few loan apps to borrow money in Nigeria that is also available in other countries like Kenya. Branch also run a digital bank with a free transfer policy to any bank in Nigeria, Branch loan app is one of the best App To Borrow Money In Nigeria because they makes it easy for you to access loans for the way you live anytime, anywhere.

Branch loan grant loan range from ₦1,000 – ₦200,000. The loans from this digital bank company have no late/rollover fees, monthly interest is 3% – 21%, and an annual Interest range 15% – 34%.

Download Branch Money Lending App and enjoy all the benefits of Branch loan app customers, Branch loan app is the only loan app that give customers 3 month plan to pay back.

Fair Money Loan Requirement

  • Basic personal information such as name and email
  • Bank Verification number (BVN)
  • Bank Account details
  • Automated Teller Machine card (ATM card). This is needed because it will be used to debit you for loan repayment.
  • A photo of you may be needed real time


Quickcheck is another solution to anyone that needs apps to borrow money in Nigeria. Quickcheck is charged with the responsibility to  aims at providing financial services to meet personal and business goals

With your internet enabled phone you can apply for instant loan for personal needs and business goals, without collateral security and guarantor, QuickCheck has made it extremely ease for everyone to have access to instant loan .just like other loan applications below are the requirements before you can apply for any form of loan on the Quickcheck platform.

QuickCheck Loan Requirement

  • Bank Verification Number (BVN)
  • Average to good credit score
  • A standard bank account in any Nigerian bank
  • Employment details (self employed, salary earner, etc)
  • Personal biodata (such as your name, address and so on)
  • Must be 18+ and below 60
  • A smartphone
  • A ATM card

Aella Credit

App To Borrow Money In Nigeria

Another authentic apps To Borrow Money In Nigeria is Aella Credit, Aella Credit guarantee uptime response to loan application and repayment plans with their award winning customer care services to help all loan applicants with what so ever issue they encounter in the process of application and repayment .

Download the Aella Credit app from the Google play store and provide them all truthful information about yourself then you will have free access to get about 200,000 naira.

Check  Aella Credit official website  for more information.

Aella Credit Loan Requirement

  • Download the loan app on Playstore or app store depending on the kind of phone that you use
  • Install the Aella Credit loan app on your phone and start the registration process
  • Click the check eligibility button for you to know the amount of money that is most likely for you to borrow
  • BVN
  • ATM
  • Nigeria Bank Account Number
  • Must grant Aella Credit app permission to your phone data, messages, applications and contacts

KwikMoney (MIGO)

migo loan

Formerly Kwikmoney, Migo loan app is a very popular lending company when it comes to apps To Borrow Money In Nigeria because of their vast customer base in Nigeria and beyond.

The interest rate for a Mogo loan is 5 % to 15% that is the reason that over 40 billion naira had been borrowed by Migo loan company, Migo does not require any form of documents before granting loans to its applicants.

Migo loan is only for 14 to 30 days after the agreed loan amount had been disbursed to the loan applicant preferred bank. You can check their official website (Kwikmoney.com) on how best their services are with top reviews on their website.

Migo Loan Requirement

  • Nigerian Bank account
  • Bank Verification Number (BVN)
  • A working phone number connected to your BVN
  • You must be up to 18 years and above


soko loan

One app that can not be forgotten in a hurry when any one is talking about apps To Borrow Money In Nigeria is Sokoloan. Sokoloan specialize mainly on granting short term loan in Nigeria, if you want long term loan then Sokoloan is not for you but looking at short term loan and repayment then Soko loan makes it very easy for all their applicant to get loan within 2 minutes after application has been submitted successfully.

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Sokoloan has granted a lot of students, self employed, business owners and salary earners loan without guarantor but Sokoloan company do send messages to the contact of the defaulters, it is necessary to know this and if you are not okay with this you can continue to read this post and see more app to borrow money in Nigeria that will not send your debt profile to your contacts.

You can follow them on Facebook: www.facebook.com/SokoLendingCompanyLimited
via website: www.sokoloan.com
office Address: located at Plot 9, Acme Rd, Agidingbi, Ikeja, Nigeria

You Can download the SokoLoan app from the Google play store

Soko Loan Requirement

  • Sign up on the platform
  • Fill out a brief application form with your information for review.
  • Then enter the requested details such as your BVN, national ID or Driver license
  • For 25 to 50 year old, you need to have a fixed job.
  • Then complete the loan application form and apply

KiaKia Loan

App To Borrow Money In Nigeria

KiaKia is another mobile web apps to borrow money in Nigeria, Kiakia in Yoruba language means fast fast this is fully true as Kiakia platfor is regarded as one of the fastest loan app in disbursing instant loan to personal account. If you run a business and you looking at the best loan platform for loan assistance the Kiakia is the best to come to.

KiaKia utilizes psychometry, big-data, machine learning and digital forensics to determine its credit score for loan applicants.

Sterling bank is the owner of Kiakia loan , you can access Kiakia loan by dialing *822# on your mobile phone.

Click here to visit Kiakia mobile web app.

Kiakia Loan Requirement

  • Valid means of Identification
  • A bank account with Bank Verification Number
  • proof of income from the workplace or business
  • email address
  • reside in Nigeria
  • you must be 21 and above

Alat Loan

Wema bank, a commercial bank in Nigeria owns Alat, Alat has been named the best apps to borrow money in Nigeria because of its affiliation with a strong and reliable commercial bank in Nigeria but documentation with Alat might turn you off as you look for app to borrow money in Nigeria.

Alat can grant up to 2 million naira to any loan applicant that can meet the terms and condition of their loan applications.

The app is available for download on Google Play or the App store and has loads of information on the Alat website.

Alat Loan Requirement

  • A bank account with BVN
  • A valid means of identification e.g National Identity card, Driver’s license etc
  • A recent utility bill bearing the same address as the address you filled in your application.
  • You also need a means to have access to the internet.


Creditville is one reputable apps to borrow money in Nigeria but this loan company only give out loan to salary earners and business owners, self employed or artisans or students can not apply for loan under Creditville

Creditville is one of the very few apps to borrow money in Nigeria that offers car loan services, you can get loan offers between N100,000 to N4,000,000 at CreditVille for up to 18 months without any form of collateral security or guarantor.

They also offer a special service for salary earners in Nigeria which is called Payday Loan in Nigeria, you can apply for any form of loan on their  official website.

Creditville Loan Requirement

  • Payday Loan request application letter.
  • Guarantor is necessary under some circumstances like car loan
  • Proof of Address (Utility Bill, Rent Receipt, electricity bill).
  • Letter of Employment or Confirmation of Employment with company letter head
  • Duly completed salary loan application form.
  • Salary current account statement attached to the company official account
  • Passport photograph
  • Copy of a valid Nigerian means of identification ( Voters card, Driver license or International passport)
  • Copy of client employee ID Card

Specta Loan

App To Borrow Money In Nigeria

Specta is owned, managed and fully controlled by Sterling bank, a commercial bank in Nigeria . Specta is no doubt an apps to borrow money in Nigeria with no guarantor or collateral security.

regardless of your job or status, Specta can afford to give out loan of up to 5 million naira to any of their loan applicants.

Spectra gives out a lot of financial benefits to their customers , interested? kindly download the app on Google Playstore .

Spectra Loan Requirement

interested loan applicant must be truthful in all the information about their personal details

  • Applicant e mail
  • Applicant full name
  • Applicant BVN
  • Applicant account number
  • Applicant must connect any of their social media account to their Spectra account.


Okash is a major subsidiary of Opay, Opay is a digital bank in Nigeria where all financial transactions from transfer, payment of bill and investment can be done. I personally will recommend Okash as you look for apps to borrow money in nigeria .

Okash use to be inside the Opay app but now Okash can be download separately to better management of loan and repayment.

Okash does not require any documentation or collateral before money will be sent to your preferred account number, if you already had an Opay account then there is high chances that you will be given above 50,00 naira on your first application. Okash gives loan applicant the chance to pay back every 2 weeks after approval

please check out the Okash website to get full details and terms and conditions on the loan application of your choice.

Okash Loan Requirement

  • The applicant must be a Nigerian resident
  • The age bracket of the applicant has to be in the range of 20-55 years.
  • The applicant needs to have a source of monthly income or state the reason why he or she wants the loan.
  • Valid ID Card
  • BVN Number


Jumaipay is a new product among the list of apps to borrow money in Nigeria. Jumai pay is a part of the popular e commerce website, Jumia and they grant instant loan to settle personal needs.

Download the Juami Pay on Play store and scroll to the ‘Financial Services’ then click on loan , fill in the necessary details and expect your money in less than 2 minutes .

More information and comprehensive details are displayed on the Jumia website.

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Lidya Loan

Lidya is one of the first loan apps to borrow money in Nigeria that started providing small and medium-sized businesses access to an instant online loan in Nigeria. Lidya s so reliable and this international body can give out as much as $500 to $50,000 depending on the business idea and presentation.

Lidya grant loan to business owner in less than 24 hours after applying.

Lidya Loan Requirement

  • Requirements: Own a business.
  • Platform: Web
  • Interest Rate; Unspecified (The company claims they are affordable)
  • Loan tenure: Depends on the loan amount
  • Multiple loans at a time: No
  • Repayment channel: Debit Card, Direct Deposit.

Page Financials

Central Bank of Nigeria recently gave Page Financials the right to create an apps to borrow money in Nigeria. Page Financials grants personal loan to individual using flexible documentation process to ease the stress of applicant in order to get their loan as fast as possible.

Page Financials Loan Requirement

  • Platform: iOS
  • Loan Amounts: N100,000 – N5,000,000
  • Interest rate:  (3.76%) – Charged Flat Per Month
  • Annual Percentage Rate (APR):   29% – 120%
  • Loan tenure: 60 – 180 days.
  • Repayment channels: Manually or via the auto-debit service.

Blocka Cash

Blocka cash is one of the very few apps to borrow money in Nigeria that applicant can download on Google Play store or app store for both android and iPhone users. Blocka Cash is owned by James Crown Credit Limited with full registration under the Ogun state government can give all loan applicant from 5000 naira to 50 thousand naira depending on the loan applicant credit score .

Blocka Cash Loan Requirement

  • You must be at least 21 years of age. 
  • You might need to provide a valid Government
  • Platform: iOS, Android,
  • Loan Amounts: N5,000 – N50,000
  • Interest rate:  3% per month – of 10% per month
  • Annual Percentage Rate (APR):  36% to 120%.
  • Loan tenure: 60 to 180 days
  • Repayment channels: Debit Card, Quickteller, and direct transfe

Kuda Loan

Kuda Bank is one of the best digital banking app in Nigeria and it is also an apps to borrow money in Nigeria with the overdraft features on the app. Active Kuda bank users can get up to N50,000 at 0.3% daily interest.

The level of your usage of the Kuda app will determine your credit score .

Kredi Loan

App To Borrow Money In Nigeria

Kredi is a new online digital banking platform, it is not that popular but it is an apps to borrow money in nigeria with their mouth watering offers.

Kredi offers four major types of loan facilities to all customers, these are Kredi SME Loan, Kredi Nano Loan & Kredi Salary backed loan & Kredi collateral backed loan.

The more you use Kredi to solve financial and transactional issues will determine the amount of money you can borrow.

So kash

App To Borrow Money In Nigeria

So Kash is an apps to borrow money in Nigeria with no hidden charges , So Kash which is owned by EMA finance can give out 2 million naira to a loan applicant within 2 hours of application.

So Kash deals with business and personal loan facilities , they make use of a credit bureau to determine if a loan applicant is eligible for any form of loan facilities or not .

So Kash Loan Requirement

  • Platform: iOS, Android,
  • Loan Amounts: N3,000 – N1,000,000
  • Interest rate:  2% – 10% per month
  • Annual Percentage Rate (APR):  NIL.
  • Loan tenure: 14 days to 15 months.
  • Repayment channels: SoftKash App/Web dashboard, direct paystack payment, direct debit card and USSD.

Yescredit Loan

YesCredit is one of the loan apps to borrow money in Nigeria that offers a low loan amount, If you are looking at a very low amount of money then Yescredit is the that app that you should borrow money from. This app is available for iPhone users and grant instant loan from  from N5,000 to N50,000. After the successfulness of your loan application, the money will be sent to your Yescredit wallet but it can be transferred to your preferred bank account only in Nigeria.

YesCredit Limited, which is a licensed money lender by the Lagos State Government of Nigeria.

Yescredit Loan Requirement

  • Platform: iOS
  • Loan Amounts: ₦5,000 to  ₦50,000
  • Interest rate:  4.5% – 35% with an equivalent monthly interest of 5%- 29%
  • Annual Percentage Rate (APR):   29% – 120%
  • Loan tenure: 60 – 180 days.
  • Repayment channels: debit/ATM card, and direct transfer
  • Applicant must be 21 years old or above


Irorun which means ease in Yoruba language is one o the new apps to borrow money in Nigeria with their instant payment system. This iPhone loan application gives a very low interest rate to all loan that are sent out.

Irorun focuses more on very low amount of loan such as 5000 naira and it can only go beyond 40 thousand if you have a good credit score.

Irorun Loan Requirement

  • Platform: iOS
  • Loan Amounts: N2,500 – N50,000
  • Interest rate:  4.5% – 35% monthly interest of 5%- 29%
  • Annual Percentage Rate (APR):   29% – 120%
  • Loan tenure: 60 – 180 days.
  • Repayment channels: Manually or via the auto-debit service.


We have successfully listed all the available loan app to borrow money in Nigeria as at the time of writing this post, this post will be updated as soon as a new app that you can borrow from with all the details and requirement on the process of application to you.

Please do not borrow what you can not pay back because the way loan companies embarrasses their debtors is alarming and it leads to depression, suicidal or any deadly act , give out only truthful information about yourself and do not use someone else bank details to apply. Always be very careful before you add your bank details to other app to borrow money in Nigeria such as Imoney that are not listed here because majority of them are fake.

If you have any issue on any of those app to borrow money in Nigeria kindly drop a comment and will reply as fast as we can.

You can Apply For Quick Loan Using These Loan Apps

These loan apps are only for urgent loan for personal needs, they are all genuine loan apps

Zuma Cash Loan App

Alikash Loan App

Cash Farm Loan App

Bell Loan App

Wecredit Loan App

Kiakia Loan App

Unicredit Loan App

Aimloan App

Zedvance Loan App

Creditmesan loan app


Kmimk Loan Application


Yeah 9ja

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