There are numerous loan applications in Nigeria currently that work well, offering small-scale loans to customers who require them. But for a time those who needed a Loan app that gives a higher amount had a difficult time, as most apps do not provide the amount. If you’re one of them this article will bring your search to an end in the discussion of loan applications that can provide over 100k to residents of Nigeria.
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Which app gives the highest loan instantly
The tried and tested, trusted Loan app that gives higher amount to Nigeria include:
1. Carbon (formerly Pay Later)
Carbon is a quick loan service that is accessible via your mobile phone. Additionally, they offer two packages for salaried workers only as well as a third one for all others. Additionally, you can use the app to pay for other bills, including recharge cards as well as PHCN.
2. Branch
The branch is an application that allows you to get the opportunity to borrow money without collateral. All you have to do is sign up by submitting your personal information. Once you have registered, you can get a loan up to N1,000, or up to N200,000, with a significant interest rate.
3. Abella’ss credit
This application makes it much easier for those seeking instant cash to get access. It also focuses on those with a steady income and is partnered with various credit bureaus in Nigeria. This is because they use an algorithm to assess your creditworthiness before approving loans.
4. KiaKia
Easy, quick, and hassle-free as its name suggests. Kiakia which means speedy in Yoruba. The loan application offers the possibility of obtaining up to N200,000 and varying interest rates, based what the purpose of the loan. The loan period is between 7 and 30 days.
5. Xcredit
While not widely known, credit is one of the loan apps that give higher amounts in Nigeria that has created an attractive deal for its customers. They currently offer a minimum amount of N2,000 and a maximum amount of N500,000. Additionally, their loan period covers about five months and they don’t need collateral. However, you will be required to supply the details of your bank account.
6. 9ja cash
Similar to 9ja cash, it’s an application that’s not widely known, yet it works perfectly. It allows you to take out up to N300,000 for an interest rate of 180 days. But, their interest rates could be exorbitant since it ranges from 1 to 34 percent.
7. Easy credit
EasyCredit claims to be an extremely secure reliable, reliable, and online loan app that gives higher amounts. With more than one million downloads at the time of Q2 2022, the application offers instant loans ranging that range from N3,000 to N100,000. They also offer a day 24/7. Its interest rate ranges between 0.1 1 – 1.1%. The one-time processing fees vary between N1,256 and N6,000, and the maximum annual percentage rate (APR) of 40 percent.
8. Newcredit
Newcredit is another loan app that gives higher amounts. Personal loan application offers a Nigerian loan with no collateral of up to N300,000. The app makes use of Artificial Intelligence (AI) to look over the financial records of potential customers such as bank transactions SMS that they receive on their mobiles and their creditworthiness with other lenders.
9. Umba
Umba along with other top loaappspp gives a higher amount. Umba is the top electronic bank in Africa. The app lets users apply, draw and pay back loans via their mobile and desktop computers. Once a person’s identity is confirmed and screened, the app makes lending decisions based on the assessed risk score.
The app permits a borrower to increase their loan amount once they’re able to pay back promptly.
10. Quick Credit
QuickCheck is a loan app that gives higher amounts. The app is among the top loan applications in Nigeria which have surpassed 1 million downloads. The company claims to aim to offer financial services online to assist people in achieving their business and personal goals. It also offers loans that do not require collateral.
11. Okash
Okash is a loan app that gives higher amounts managed by Blue Ridge Microfinance Bank Limited. OKash can meet customers’ financial requirements completely online. The process of applying for a loan is just a few steps and requires only documents and the loan amount is transferred to the customer’s bank account. The app provides loans that range between N3,000 and N500,000, and the repayment schedule can be 91 days or all 365 days.
It is among the most downloaded loan apps on the Play Store as it had reached 1 million downloads by the second quarter of 2022.
12. Fairmoney
FairMoney promises quick loans in just 5 minutes without documentation or collateral requirements. The loan amount varies depending on your phone’s data and your repayment history. The loan app that gives higher amounts ranges from N1,500 and N500,000, with terms ranging from 61 to 180 days with monthly interest rates that vary between 10% and 30 percent. It is, without doubt, among the most popular among Nigerians since it has been downloaded over 5 million times and is still growing.
13. Palmcredit
Palmcredit is a loan app that gives higher amounts. The lending platform claims that it can offer a speedy loan of up to N300,000 in just 3 minutes, without collateral. It is possible to borrow anything from N2,000 to N300,000. and if the documentation is exact and correct you will receive the money in a single working day, the platform says. The app has been downloaded more than 5 million times in Google Play Store. Google Play Store.
14. Kwikmoney (Migo)
Kwikmoney is also among the mobile loan app that gives higher amount. It helps bridge the gap between your requirements and yours by making loans accessible.
All you require to have is the Smartphone along with your SIM linked to your account at a bank.
Here are two ways to obtain a Kwikmoney loan
Method 1
- Call *561# from any mobile device.
- Choose ‘Loans” and select “Request Loan”
- Choose the amount of loan you’ll need
- Input your bank’s details and in a matter of seconds, your bank account will get debited
Method 2
- Visit https://kwikmoney.com
- Enter your phone number into the text box
- A verification number on your mobile put the code in the text box you receive
- Select “Check Loan Offer” from the menu shown
- Choose the amount of loan you need from the list of options that are displayed.
- Fill in your bank account details and in a matter of seconds, you will see your bank account credit.
- All loans are due after 14 calendar days.
15. Credit Ville
Credit Ville is an online money lender that offers Payroll-based consumer loans to individuals who qualify through their employers.
The amount borrowed is subtracted from their monthly earnings.
Credit Ville loan app gives a higher amount after you have met the conditions required and submitted documentation.
You can avail of loans of up to $100,000 or more with Credit Ville for up to 18 months with no collateral. This will be in a position to meet the financial requirements of their customers. Visit their website for more information.
These are the loans app that gives higher amounts in Nigeria in 2022, if you have any questions, feel free to drop them below.