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New Loan Apps In Nigeria 2022

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Are you looking for new loan apps in Nigeria 2022 then you are on the right web page with necessary information.

These new loan apps in Nigeria 2022 are registered and do not belong to any fake loan apps in Nigeria, they also deliver instant loan to your preferred bank account.

With loan apps for online, getting a loan for business emergency situations, health problems and other unforeseeable problems is now simple with the ease of repayment plan, no paperwork, low-interest rates and speedy disbursement.

If you do not have an emergency fund and you’re having difficulty making enough money to live, don’t panic that you’re not the only one.

If you are in need of cash, explore other options to obtain it, such as the instant online loan that are able to be paid back promptly.

One of our earlier articles on borrowing funds online within Nigeria we have explained the six steps you can follow to receive cash from any of the top applications in Nigeria which will be discussed in the near future.

One of the most important and most essential actions to take is to make use of fast online loan platforms, as with one of new loan apps in nigeria

These platforms will provide you with cash right away even in the absence of collateral or any job.

You’ll need a smartphone (phone tablet, smartphone, etc.) to access the loan applications I’ll show you in this list.

There will be no huge documents. All you need is a phone to receive your money. Below are the list of new loan apps in Nigeria 2022

1. Kuda Loan

 new loan apps in Nigeria 2022

Kuda banks that operates as the Wema Bank, the first bank access bank and many other bank in Nigeria. Kuda bank is one of the new loan apps in Nigeria 2022.

Kuda bank , a financial institution that operates solely online and performs financial transactions with a banking licence from the Central Bank of Nigeria.

How To Get Kuda Loan.

Kuda bank provides loans to its active customers. If you’re a member of the Kuda bank mobile app you can receive a loan fast.

With Kuda bank it is possible to get instant short-term loans with no needing to fill out any documents.

You can also choose to repay them anytime, with only 0.3 percent interest per day.

If you’re ready then here’s how you can apply for an Kuda loan.

  1. Go to Google Play Store, and type in “Kuda bank”
  2. Install and open the Kuda application, and then swipe into your account that you borrowed.
  3. Click on loan.
  4. Then click on Get your Overdraft.
  5. Next, press the button to continue.
  6. Enter the amount you would like to borrow, then hit the submit button.
  7. It will ask you to type in your personal identification number.
  8. Verify your transaction’s PIN.
  9. You can also use Face , or fingerprint to confirm the transaction.
  10. Click OK.
  11. Transfer your funds into any financial institution.
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2. Blocka Cash

Blocka Cash gives loans that are easy to obtain in Nigeria. Blocka Cash is available through both the Android app store as well as the Apple App Store. This list of new loan apps in Nigeria 2022 will not be complete without mentioning Blocka Cash

You can get short-term loans through Blocka starting at N5,000, and up to N50,000, depending upon your credit rating.

The conditions of the eligibility of a Blocka cash loan are:

  • The minimum age for you to apply is at the bare minimum 21 years old.
  • You may be required to show the Government with a valid ID
  • Rate of interest of 3per month, of 10 percent per month
  • Annual Percentage Rate (APR): 36% to 120% .
  • A loan’s term: 60-180 days
  • Payment channels for Repayment: Credit Card , Quickteller and direct transfer

3. Migo

Migo was previously known as Kwikmoney. Migo is now a very well-known loan business in Nigeria. It is possible to get mobile loans in Nigeria that can be as high as N500 ,000 with Migo within a matter of moments in Nigeria. More than N40 billion Naira is lent to Migo. The rate of interest for the Mogo loans is between 5 percent to 15 percent.

Migo loan requirement

Here are the requirements to obtain a loan from Migo

  1. Bank account
  2. Bank Verification Number (BVN)
  3. An active phone number
  4. You must be at least 18 years old
  5. You must have used your phone number regularly for at least 90 days.
  6. Your account number must be active for at least 90 days.
  7. An account must be opened at one of the following banks: First Bank Access Bank Diamond Bank First City Monument Bank (FCMB), United Bank For Africa UBA Stanbic Bank Stanbic Bank Stanbic Bank Wema Bank Zenith Bank Guaranty Trust Bank(GTB), Polaris Bank Fidelity Bank Heritage Bank Union Bank Unity Bank

How to get a loan with Migo (Kwikmoney).

These steps will help you get a loan at Migo.

1. Call *561#

To access your mobile phone, dial *561# You can also dial *561# to check your credit score.

2. Choose loans

There are many options. You can choose to get a loan.

3. Request a loan

Next, choose Request Loan from the Options

4. Do not wait for a loan offer

Accept the loan offer and provide your account details to receive your loan.

You can also use their website to request the mobile code if you don’t want to use it. You can’t continue if you have already used the code. These steps are intended for those who prefer to complete it online rather than by phone.

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5. Visit the migo loan portal

This is the step for those who don’t want to use the website but code. Visit the loan portal

6. Enter your phone number

To continue, enter your phone number. A captcha may be necessary to confirm that you are real.

7. Verification complete

An email code will be sent directly to your phone. To verify your phone number, enter the code on the website.

8. Check out our selection of loan offers

Click on the check loan offer you want to view and then click Continue to see all available offers

9. Please enter your account number.

Next, click Proceed and provide all information.

10. Get your loan!

The loan should arrive within a few minutes. Most often, within a few minutes

4. Lidya

Lidya loans offer you the possibility to expand your business, and also generate income. The platform offers credit based on the amount of cash through your bank account, and without collateral. Lidya provides credit to businesses of $5,000 and $500.

  • Requirements: Be the owner of a company.
  • Platform: Web
  • Interest Rate Undetermined (The company claims they’re affordable)
  • The loan’s tenure is based on the amount of loan
  • Multiple loans at once There is no limit to the number of loans you can take at a time.
  • Payment channel: Debit Card, Direct Deposit.

5. JumiaPay

new loan apps in nigeria 2022
new loan apps in nigeria

JumiaPay is a service of Jumia which provides immediate loans to its customers.

To access the loan , you can download the pp to access the loan on Playstore , create your account, go to the Financial Services section, then select “Loans” to request the loan in a short time.

Details are displayed on the website: pay.jumia.com.ng/services/loans.

6. Specta

new loan apps in nigeria 2022

Are you looking for new loan apps in Nigeria 2022 then you need to consider Specta, which is managed and owned by a bank, Sterling and doesn’t need any collateral, guarantor, or bank visit to get access to fast loans.

Whatever your profession or banking institution, you are able to take advantage of an amount of loan up to N5 million to cover your financial requirements.

The app is available from the Playstore and offers other exciting packages available for users. For more information on Specta loans, check out our review on Specta.

Specta Loan Requirements

The Specta loan option you select will determine the conditions, but generallyspeaking, you’ll require

  1. The bank’s account number(sometimes they only accept sterling accounts)
  2. Bank Verification Number
  3. A valid method for identification
  4. valid email address

How to Apply for a Specta Loan

For an application to get a Specta loan Follow these steps

Request to be profiled in the person of an individual or company via email at Specta

  1. Choose the loan option that you feel is the best fit for your needs.
  2. Start the fill-in process by selecting the loan’s offer
  3. Complete the application form and send it in
  4. If you’re eligible and your application is approved the bank will debit your account immediately.
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7. Kredi Loan

Credit loans provide financial assistance for both businesses and individuals to ensure smooth running of their business. This Kredi loan is split into four segments. The sections are in the following order:

A. Kredi SME (Small and Medium-sized Enterprises) loan with this product, you can obtain an investment loan for your business without collateral. This loan is able to be used to help you start or grow, to rescue, or expand your business.

B. Kredi Nano-Loan: Nano loans are short-term, low-cost loans that allow you to save money whenever you require it. Simply put , regardless of whether you receive a wage or otherwise, this service can be used to get access as NGN 100,000.

c. Kredi Salary-Backed loan: This loan is only for salaried persons. You can get as much as N5 million over a repayment time of 18 months if you choose to take out an unsecured loan backed by salary.

D. Kredi’s collateral-backed loan : These loans come with collateral as security. Customers are also able to get immediate loans from banks without putting any collateral.

How can how do I submit an Kredi loan?

Follow the steps below to apply for an advance loan from Kredi:

  1. Install the Kredi app for your phone.
  2. Register an account by filling in the application’s registration form.

8. Aella credit

new loan apps in nigeria
new loan apps in nigeria

Aella Credit offers loans up to 1 million , Interest range from 6% to 20%, Loan term between 1 and 3 months, with no late/rollover charges.

It is possible to download the app via Playstore (Android), App Store (iOS) or go to Aella for more details.


FINT is an loan market matching lender that is looking for returns that are competitive for creditworthy borrower (individual as well as commercial loan) seeking the highest interest rates.

FINT is the most reputable credit market in Nigeria. It connects lenders seeking higher returns to good credit borrowers who are looking for short-term personal loans as well as business loan.

Fint offer easy, inexpensive and fast loans that are affordable, quick and easy to get. You can get loans of between N20,000 and N1,000,000 in fixed terms of 3, 6, or 12 months. Repay principal and interest every month and get low interest rates (as as low as 2% per month). No collateral required

10. C24 Limited

C24 Limited is a microfinance institution, which was founded with the intention to give people a chance to realize their potential by assisting them to access fast credit when they require it.

C24 is similar in its service to Zedvance in that personal loans are accessible for employees who have employers that have accepted their employees’ loan applications. The loan typically doesn’t require any securityand is usually completed very quickly, however in certain instances, the repayment conditions may be more flexible than those of personal loan.

We hope this list of new loan apps in Nigeria 2022 will solve any of your financial problems and if not kindly tell us in the commnet section.

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