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25 Apps To Borrow Money In Nigeria

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She 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 from In Nigeria by downloading them on your phone and getting an instant loan without any document or physical examination for pressing needs such as business expansion, rent, food, transportation, etc.

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

The commercial bank’s loan process sometimes takes weeks or months despite no guarantee that the loan request will be granted. Fintech companies have helped the need to create apps to borrow money in Nigeria in which loan request is presented in a few minutes to sort out some financial markets using a mobile phone, a loan application, and the internet. the 

Below are well-known and trusted apps To Borrow Money In Nigeria with immediate customer care response and good financial record with the Central Bank of Nigeria; these apps can borrow your loan for business or pressing personal loans.

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

These loan applications listed here are updated regularly, so we are giving more than 20 apps To Borrow Money In Nigeria th. The theme of posting this article, they give out loans in less than an hour, instant online loans in Nigeria with disbursement to your designated bank account within Nigeria. These loan apps that we are about to mention are possibly 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 an excellent app for borrowing money in Nigeria. This reputable loan company gives out soft loans to business owners and individuals to sort out needs in an emergency. Carbon is now a registered digital financial institution in Nigeria that deals in investment, funds transfer, airtime purchase, bill payment, and more.

You can have up to about 500,000 nairas upon approval after you have completed the registration process. The registration process requires applicants to provide all necessary details, such as their name, phone number, and email. Applicant must upload their photo, request the requested amount, and add an automated teller machine (ATM ) card.

Carbon also extends its loan facilities to all groups of individuals, from the student, employed, self-employed, salary earners, and entrepreneurs. The approved loan takes about 1- 3 working days before you can see the effect on your bank account; the Pay Later 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 the Carbon app for all your business transactions,s such as investments, funds transfers, airtime purchases, and bills payment, the more loan you will have access to, and paying back on time will increase your credit limit.

Carbon Loan RequiremenYou must download and use the Carbon app

  • They will ask for your basic details such as name, phone number, and more
  • It would help if you snapped a photo of yourself which you may have to stain 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 Several won the best loan app in Nigeria in 2022 for their uptime customer care service and privacy policy in the customers’ best interest.

You can download the thCarbonon 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 toappps To Borrow Money In Niger,ia with the opportunity for all loaapplicantsnt to access loans w 2,000 nairas and one millionaire.

Getting a loan on Palmcredit is so easy with customer-friendly mobile applications. With just a few steps in the registration process, the required loan amount will be sent directly to the loaapplicant’snt preferred bank account.

Palmcredit also rewards customers who refer others to borrow loans 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 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 haan s 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 loaappps in Nigeria thaoffersng instant loans in Nigeria that require s guarantor. It is also an app for borrowing money in Nigeria

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P2Vest peer-to-peer has a trustworthy lending platform that connects the lender and the borrower. Lenders are referred to as investors,  and they can select who they are willing to grant their loan o.

P2vest has many financial services they render to their esteemed customers, such as  P2VFB for business owners; P2Vest is also available on ApStorere and Play Store, and P,2v est is one of the few loaapplicationson on the app store.

P2Vest Loan Requirement

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

LCredit Loan App

Lcredit can grant any loan applicant up to 300,000 depending on these factors when calculating the loaapplicant’snt credit score, age, monthly income, B, VN, and existing debt.

Credit grant is soft and instanloansan without guarantor with an 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 Limit, ed, and the loan app is available on Google Play Store and App Store but only in Nigeria. The only problem with h Lcredit loan app is that they only grant loans within two weeks, and they will send your debt to all your contacts list. Credit 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 ki, ns 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; Fairmoneyey is a registered digital bank in Nigeria that grant loan for urgent needs, bills, business, s,s and much more. Fair money also gives other financial services like savings, investment, air, me, and account payment at ease. Honest Money is quite the best loan app in Nigeria because it gives debtorahe a chance to pay a token and extend their due date by a week or two wee, ks or a month; only FaiMoneyey does it among all other apps in Nigeria for borrowing. You can get more information about the Fairmoney loan application on their official website or Download FairMoney App From Google PlayStoreyFair money Loan Requirement

  • Basic personal information such as name and email
  • Bank VerificatioNumberer (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 in real-time

Branch Loan App

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 of e 15% – 34%.

Download Branch Money Lending App and enjoy all the benefits of Branch Loan app customers; the BranchLoann app is the only loan app that gives a customemonthlyyth plan to pay back.

Fair Money Loan Requirement

  • Basic personal information such as name and email
  • Bank VerificatioNumberer (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 in real-time


Quickcheck is another solution for anyone needing 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 r instant loan for personal needs and business goas, without collateral security and a guarantor; QuickCheck has made it extremely easy for everyone to access instant loans, .just like other loan applications, ns 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, et. c)
  • Personal biodata (such as your name, address,s and so on)
  • Must be 18+ and below 60
  • A smartphoneAnA ATM card

Aella Credit

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

Check  Aella Credit’s official website for more information.

Aella Credit Loan Requirement

  • Download the loan app on oplaystorere 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 the  Aella Credit app permission to access your phone data, messages, applications,s and contacts

KwikMoney (MIGO)

migo loan

Formerly Kwikmoney, the  Migo loan app is a top-rated lending company for apps To Borrow Money In Nigeria because of its vast base and beyond.

The interest rate for a Mogo loan is 5 % to 15whichat is the reason that over 40 billionaires have been borrowed by Migo loan company; Migogo 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 has been disbursed to the loan applicant’s preferred bank. You can check their official website (Kwikmoney.com) on how best their services are,e with top reviews on their website.

Migo Loan Requirement

  • Nigerian Bank account
  • Bank Verification Number (BVN)
  • A working phone number connected to your BVNIt would help if you were up to 18 years and above


soko loan

One app that can not be forgotten in a hurry wheanyonene is talking about apps To Borrow Money In Nigeria is Sokoloan. Sokoloaspecializesze mainly on granting short-term loans in Nigeria; if you want a long-term lo, then Sokoloan is not for you, but if you are looking for a short-term loan and repayment,nt then Soko loan makes it very easy for all applicants to get t loan within 2 minutes after the r application has been submitted successfully.

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Sokoloan has granted a lot of studentsself-employeded, business owner, rs, and salary earners loan without guarantee, 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 that if 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 the  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’s license
  • For 25 to 50 years 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 app to borrow money in Nigeria, Kiakia in Yoruba means fast. This is entirely true, as the Kiakia platform is regarded as one of the fastest loan apps for disbursing instant loans to personal accounts. If you run a business and are looking for the best loan platform for loan assistance th,e Kiakia is the best to come to.

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

Sterling Bank owns Kiakia loa; you can access the Kiakia loan by dialing *822# on your mobile phone.

Click here to visit Kiakia mobile web app.

Kiakia Loan Requirement

  • ValiMeansns 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

WemBanknk, a commercial bank in Nigeria, owns Alat; Alat has been named the best app to borrow money in Nigeria because of its affiliation with a robust and reliable commercial bank. However, documentation with Alat might turn you off as you look for an app to borrow money in Nigeria.

Alat can grant up to 2 millionaires to any loaapplicationnt to meet the terms and conditions of their loan applications.

The app is available for download on Google Play or the ApStorere 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,e, etc
  • A recent utility bill bearing the same address you filled in your application.
  • You are also needed the means to have access to the internet.


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

Creditville is one of the 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 an exceptional service for salary earners in Nigeria 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. A guarantor is necessary under some circumstances, like a car loan
  • Proof of Address (Utility Bill, Rent Receipt, electricity bill).
  • Letter of Employment or Confirmation of Employment with companletterheadad
  • Duly completed salary loan application form.
  • The salary current account statement is  attached to the company’s official account
  • Passport photograph
  • Copy of a valid Nigerian means of identification ( Voters card, Drivers license or International passport)
  • Copy of client employee ID Card

Specta Loan

App To Borrow Money In Nigeria

Specta is owned, managed,d and fully controlled by SterlinBanknk, a commercial bank in Nigeria. Specta is not doubtless to borrow money in Nigeria with no guarantor or collateral security. Regardless of your job or status, Specta can afford to give out loans of up to 5 millionaires to any applicant.

Spectra gives out a lot of financial benefits to their customer; interested? Kindly downloads the app from the Google Play store.

Spectra Loan Requirement

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

  • Applicants-mail
  • Applicant full name
  • Applicant BVN
  • Applicant account number applicants must connect any social media account to their Spectra account.


Okash is a significant subsidiary of Opay; Opay is a digital bank in Nigeria where all financial transactions, from transfers to payments of bills and investments, can be made. I will recommend Okash as you look for apps to borrow money from in Nigeria.

Okash used to be inside the Opay app, but now Okash can be downloaded separately to manage loans and repayment better.

Okash does not require any documentation or collateral before the money will be sent to your preferred account number; if you already have an Opay account,t then there is a high chance that you will be given above 50,00 naira on your first application. Okash gives loan applicants the thopportunityce to pay back everytwo2 week after approval. Please check out the Okash website for 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 they want the loan.
  • Valid ID Card
  • BVN Number


Jumaipay is a new product among the list of apps to borrow money from in Nigeria. Jumai Pay is a part of the popular-commerce website, Jumi, which grants instant loans to settle personal needs.

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

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

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 instant online loans in Nigeria. Lidya s so reliable,e 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 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 app to borrow money in Nigeria. Page Financials grants personal loans to individuals using a flexible documentation process to ease applicants’ stress to get their loans 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

BlockCashsh is one of the few apps to borrow money in Nigeria that applicants can download on the Google Play store or app store for botAndroidid and iPhone users. James Crown Credit Limited owns Blocka Cash with complete registration under the Ogun state government can give all loan applicants from 5nairasaira to 50 thousnairasaira depending on the loan applicant’s 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 transfer

Kuda Loan

Kuda Bank is one of the best digital banking apps in Nigeria, and it is also an app for borrowing money in Nigeria with 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 an app to borrow money in Nigeria with its mouth-watering offers.

Kredi offers four significant 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 app to borrow money in Nigeria with no hidden charges; so Kash, which EMA Finance owns and can give out two millionaires to a loan applicant within 2 hours of application.

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

So Kash’s 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 for a meager amount of money, Yescredit is the app you should borrow from. This app is available for iPhone users and grants instant loans from N5,000 to N50,000. After the success of your loan application, the funds will be sent to your Yescredit wallet but 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 the Yoruba language, is one o the new apps for borrowing money in Nigeria with its instant payment system. This iPhone loan application gives a meager-interest rate to all loans target sent out.

Irorun focuses more on meager loans, such as 5000 nairas, 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 apps to borrow money from in Nigeria 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 requirements on the application process to you.

Please do not borrow what you can not pay back because the way loan companies embarrass their debtors is alarming and leads to depression, suicide, 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 another app to borrow money in Nigeria, such as Imoney, that are not listed here because most of them are fake.

If you have any issue with any of that apps to borrow money in Nigeria, kindly drop a comment, and we will reply as quickly as possible.

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