Top 11 Best loan apps in Nigeria 2021

loan apps in Nigeria

loan apps in Nigeria

instant online loan apps in Nigeria from different platforms for less than 5 minutes as an individual or a business with no collateral or guarantor with low-interest rates to pay bills.

We have different criteria for picking these instant online loan apps lending company

instant online loan

Criteria for picking an instant online loan app.

criteria for picking these instant online loan app like fee structure, loan amounts with the ability to build credit, interest rate. We also consider other benefits each online loan app offers, such as financial education resources with additional products and services.

ALSO, READ – How to get a migo quick loan in 5 minutes.

here is a list of some of the best loan app in nigeria.

  • FairMoney
  • Migo
  • C24 Loan
  • QuickCheck
  • Palmcredit
  • Kiakia
  • Renmoney
  • Carbon
  • Aella Credit
  • Branch
  • Social Lender

We’ve rounded up our best quick loan apps in Nigeria top picks, ranking them by features such as low fees, loan amounts, the ability to build credit, and tools that make banking easier.


Best loan apps features we love The amount you can borrow Interest rate
FairMoney 5 minutes instant loan N1,500 to N500,000 Low-interest rate
Migo Different repayment method N500 to N500,0000 Low-interest rate
C24 Loan 5 minutes instant loan N40,000 to N1,000,000 Low-interest rate
QuickCheck 5 minutes quick loan N5000 to N50000 Low-interest rate
Palmcredit No rollover charge N 2,000 to N100,000 Low-interest rate
Kiakia  Users get and give loan N 10,000 to 200,000 Low-interest rate
Renmoney  Small business empowerment N10,000 to 6,000,0000 Low-interest rate
Carbon 5 minutes quick loan N1,500 to N1,000.000 Low-interest rate
Aella Credit 5 minutes quick loan N2,000 to N1,000,000 Low-interest rate
Branch 5 minutes quick loan N1,000 to N200,000 Low-interest rate
Social Lender Cash in 3 easy steps N10,000 above Low-interest rate


1. FairMoney loan apps 

FairMoney is a licensed instant online money lending company that gives quick loans to their customers in less than 5 minutes with a low-interest rate and no paperwork or collateral to pay a bill or cover an unplanned expense.



FairMoney is owned by Laurin Hainy Founder and Executive Chairman of FairMoney which happen to be among Nigeria lending platform.

Fairmoney Nigeria office address is Primary located at 8/10 Hakeem Balogun Street Agidingbi, Ikeja Lagos Nigeria.


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How do I get an instant online loan from FairMoney?

  • Download FairMoney app from Google Play Store.
  • Sign up with the phone number registered with your BVN.
  • answer a few questions.
  • confirm your identity to receive a loan offer.

If you accept it, you will receive your loan instantly within 5 minutes in your preferred bank account!

How much can I borrow from FairMoney? You can borrow as low as N1,500 and as much as N500,000 from them for a period of one to three months.

What is FairMoney interest rate?

FairMoney interest rates range from 10% to 28% EIR and APR range from 120% to 260% each time you apply for a loan.

How do I pay back my FairMoney loan?

You can repay your FairMoney loan by selecting ‘Bank Transfer’ as your preferred payment method to see the unique Providus Bank account number assigned to your account only.

Fairmoney phone number

(01 700 1276 or 01 888 5577) is available with good customer service every Monday to Friday (9 AM – 5 PM).

Download the FairMoney instant online loan apps to get quick and flexible online loans at affordable rates.


2. Migo loan apps 

You can apply for migo online instant loan with no collateral or documentation for personal and business use.migo online loan is accessible to all of Nigeria from 18 and above.



Migo instant online loan
Migo instant online loan


How much can I borrow from Migo? you can borrow as low as N500 and as much as N500,000 Migo usually start with a small loan and grow your loan offers over time as you build trust with the system.


How can I get an instant online loan from Migo?

To get a loan, all you have to do is supply your phone number here

Once you choose the loan amount you want, you’ll be asked to supply details containing information of your bank account for the loan to be deposited.

Finally, migo will have to register your debit card details to make repayment easier for you.

What is the Migo loan code? The USSD code *561# is for MTN, 9mobile, and Glo while *554*561# is for Airtel. From the list given, choose “Request Loan”.


How do I get a loan using the Migo USSD code?

Here are some examples;

To take a loan, dial 561111#

To repay your loan, dial 5611*2#

To check your loan balance dial *56113#

To extend your loan, dial 5611*4#

For terms and conditions, dial *56115#

To recommend a friend, dial 5611*6#


How do I pay back my Migo loan?

To pay back your Migo loan, there are numerous ways in which you can do that.

Log in www. migomoney/repay and choose from the list given that works best for you from the options provided.

How can I pay my migo loan via transfer?

To pay your loan with a bank transfer:

– Dial *561#

– Select “loans”

– Select “pay loan”

– Then select “pay with transfer”

– A customized account number will be forwarded to you via SMS.

Then you can simply send your loan repayment using your bank app or USSD to your customized account number Please note that this account number only receives credit towards your Migo repayment.


How do I extend my migo loan?

You can dial*561# to request a loan extension or you can simply visit my.Migo. money. Select “Loans”, then “Extend Loan”. What you have to do is to then Pay

the 30% initial payment, and your loan can be lengthened up to the same duration as your original loan.

For instance, the loan duration of 14 days can be extended up to 14 days and the loan duration of a 30-day loan can be extended up to 30 days.


To get a Migo loan, How much will it cost?

Migo Interest rates range from 5%-25%. The rate applied will depend on your repayment history and loan duration. Interest rates are not fixed and can be

reduced by repaying your loans early. When you refer and recommend friends to take up a loan and repay, you will get reduced interest rates.


Migo customer care contact

Download Migo instant online loan apps to get quick and flexible loans at affordable rates.


3. C24 loan apps 

How to get a C24 instant online Loan

Need an instant online loan? C24 is a financial institution that offers retail loans for consumers in need of a fast financial burden.

The company is concentrated on delivering services that can be accessed online, from a device that has an internet connection anywhere within Lagos.



Our online quick loan apps can be completed within 5 minutes and loan apps feedback is sent to you almost immediately.

Click to check for the C24 instant online loan calculator


How can I get a quick loan from my c24?

  • You must work and resides in Lagos State.
  • Be employed (for at least 6 months)
  • Be aged 22 years or over
  • Be employed and get financed into your bank account
  • Have a functional salary bank account
  • Have a good credit history


list of c24 loan requirement document (Personal loan)

  • Passport Photograph
  • Any Means of National ID
  • Employment/Promotion/Confirmation Letter
  • 6 months salary account bank statement
  • Company Identification
  • Direct Debit Mandate
  • Post-dated Cheques


list of c24 loan requirement document(business loan)

  • Recent passport photograph.
  • A formal loan application on letterhead.
  • Your cheque leaves
  • Signed direct debit mandate form.
  • Recent utility bill.
  • Means of identification.
  • Rent receipt and rent/lease agreement.
  • A signed letter of authority to print a bank statement.
  • A signed letter of undertaking for discredit of postponed cheque.
  • All pages of the initial offer letter.


C24 customer care contact


Download the c24 instant online loan apps to get quick and flexible loans at affordable rates.


4  QuickCheck loan apps 

QuickCheck is an instant online loan lending platform that gives loans to individuals who need a quick loan with a financial challenge.

To ascertain the borrower’s behavior and also evaluate loan apps, machine learning is used.

How much can I borrow from quickcheck? You can request between 5000 and as much as 50000


How do I get an instant online loan from QuickCheck?

  • download the QuickCheck app from Google Playstore
  • sign up for an account
  • fill the provided fields correctly
  • Apply for a Quick Loan


If you apply, quickcheck will quickly run your credit score and let machine learning decide if you qualify or not.

Cash is only disbursed to those who are qualified and within minutes to their bank account.


How can I payback my quickcheck loan?

Here are the payment methods available:

Debit card: If you will like to make a payment to clear an ongoing loan, click the “LOAN PAYMENT” section in the app and click on any of the debit cards you have saved to make repayment.

USSD: You can use your bank USSD code. E.g *894#

*NOTE: If you make a repayment by Bank Transfer or USSD, confirming the payment will allow us to match the payment to your loan.

To confirm your payment, open your app, click on ‘LOAN PAYMENT’ scroll down and click on “bank transfer”. Choose the means of payment and amount. Ensure to backdate the payment by one hour. If this is not done, your payment will not be recognized, and late payment fees may apply.


quickcheck customer care number (908) 534-2200

If you have any challenges in using the QuickCheck application, please download the quickcheck online loan apps and make use of the support section or send us a mail at or via any of our social media pages

  •  Facebook,
  • Instagram, 
  • Twitter
  •  LinkedIn
  •  @QuickCheckng).

Download quickcheck instant online loan apps to get quick and flexible loans at affordable rates.


5  Palmcredit loan apps

Palmcredit is an instant online loan platform that offers a flexible loan that is only available for people over 18 years or above.


How do I get an instant online loan from Palmcredit?

Only three steps to Your loan:

  • Download Palmcredit quick loan apps on the google play store.
  • Sign Up and supply all the necessary details.
  • Supply your bank details and apply for a loan


How do you repay a loan on Palmcredit?

  • Log into the Palmcredit quick loan apps and select ‘my loans’.
  • Select the amount you want to repay. You can make the payment with your card.
  • Put in your card details and make payment.


How much can I borrow from palmcredit? you can borrow as little as NGN 2,000 and as much as NGN 100,000 with a Loans Duration Between 91days to 180days.


Palmcredit Loans Interest Rate ranges between 14% to 24%, Equivalent Monthly interest 4%~4.7%, the yearly Percentage Rate (APR) on a Palmcredit loan is in the range of 48%~56%

Example: If you have selected a 6-month loan and borrowed NGN100,000, Palmcredit charges an interest rate of 4.7% per month. Borrow Interest Rate: 24% and the APR is 56%. 180 days Repayments of 24,000. The total amount paid is NGN124,000.


palmcredit loan calculator Analyze how much you will like to get as an instant loan and calculate your repayment plan conveniently with the Page loan calculator. 


How do I contact Palmcredit? Call 0700-PALMHELP (0700 7256 4357) 8am-5:30pm Mondays – Fridays

Download palmcredit instant online loan apps to get quick and flexible loans at affordable rates.


6.  Kiakia loan apps

Is KiaKia a quick online loan Real? KiaKia Loan is a platform where you can obtain an instant online loan quickly in Nigeria as an individual or a business. It is supported by Sterling Bank Plc, the lending platform also lets savers loan out funds at negotiated interests through intuitive conversations.



Kiakia is a mobile web app that gives instant individual and small business loans. The word KiaKia is a Yoruba word that can be translated as “fast, fast”.


How do I get a quick loan from KiaKia?

  • Visit the website and create an account with your accurate information.
  • Start an application chat on the site.
  • Upload a valid means of identification.
  • Enter your desired loan amount.
  • Choose the loan duration.
  • Upload a screenshot of your 3 previous salary or business income alerts


How much can I borrow from kiakia? The least loan amount starts from N50,000 with an interest rate of 3.5% per month.

Download kiakia instant online loan apps to get quick and flexible loans at affordable rates.


7.  Renmoney loan apps

Is Renmoney safe?

Renmoney is the foremost Microfinance bank in Lagos Nigeria. In Nigeria, Renmoney is reputable for giving loans without collateral or guarantors to Nigerians with flexible repayment options with their Head office is located at 23, Awolowo Road Ikoyi, Lagos, Nigeria.



Make use of the instant online loan calculator to get started with renmoney.

How much can I borrow from renmoney? You can borrow as little as ₦50, 000 and as much as ₦4 million within 24 hours ranging from 1 month to 12 months.


How do I get an instant online Renmoney loan?

  • Visit the website
  • Complete the application form
  • Upload your documents
  • Wait for your loan


How do I contact Renmoney?

CALL 0700 5000 500. (9am – 9pm)


Download the Renmoney instant online loan apps to get quick and flexible loans at affordable rates.


8. Carbon loan apps

carbon is a flexible, entirely instant online loan lending platform that provides short-term loans to help cover unforeseen expenses or urgent cash needs with No collateral, No guarantors. No paperwork.



How do you get a quick carbon Loan?

  • Download the Pay later app 
  • Register your personal details
  • Choose your desired loan amount and duration

Submit your application. You will get a loan decision in seconds If accepted, your account will be credited within 5 minutes.


How do I fund my carbon wallet?

Funds transfer: Begin a fund transfer from your bank’s mobile app to your Carbon wallet by selecting One Financial institution as the name of the bank and use your wallet ID as your account number.


How do I fund my carbon wallet? (Debit card)

  • Login to your Carbon app
  • select fund wallet, select fund with debit/ATM card 
  • type in the amount, and follow the prompts to fund your wallet.

There is a 1% transaction charge for wallet top-up via this method


What is the interest rate of carbon Paylater?

Carbon attracts interest rates from 5% monthly on the first loan, you can borrow as little as ₦1,500 to ₦1m with terms and conditions from 4 – 64 weeks.

Interest starting from 2% – 30%, with interest rate of 1 – 21%. carbon do NOT charge any extra fees – for late repayments or processing costs.


How do I pay back my carbon Loan?

To make a payment that will clear an active loan, click the ‘Make a Repayment’ button on the app, Supply the card details for repayment and your account is immediately updated, once payment is successful.

Carbon wallet funding

Fund wallet: You can finance your Carbon wallet to repay your loan.

To fund your wallet, start a funds transfer from your bank’s mobile app to your Carbon wallet by selecting One Financial institution as the name of the bank and your wallet ID as your account number.

The least amount you can add to your wallet is N100. Once your wallet is financed, launch your app, in the menu section,

 choose ‘your loans’, then click the ‘make a repayment’. Choose your wallet as the means of repayment and your account is quickly updated, once payment is successful.


How do I pay back my carbon Loan? (Quickteller)

Quickteller: Visit select Paylater, enter your details. make sure you enter your client ID and other information accurately.

Enter your card details and confirm the transaction. Your account will automatically be updated within minutes.

Download the carbon instant online loan apps to get quick and flexible loans at affordable rates.


9. Aella Credit loan apps

Aella online is a digital lender licensed to operate in Nigeria and the Philippines Aella Credit platform has made it super easy for anyone to borrow, invest, make payments, and ensure their health in less than 5 minutes.

How much can I borrow from aella credit? You can borrow as little as N2000 and as much as N2,000,000 with an interest rate starting from 4% to 30%, Loan tenors vary per individual but are usually within a month or 3 months of the repayment period.


How Aella Credit app works?

• Download the Aella App

• Create your account

• supply all required fields with valid and appropriate details

• Click the “Check Eligibility” button to see how much you are eligible to borrow

• Request for a loan that works for you

• Receive funds in your Aella Wallet


How do I repay my aella credit loan apps?

There are two ways you can pay back your aella credit loan

• To make a payment to clear an active loan, click the ‘Repay/Pay now’ button in the app. Kindly tap on the card linked to your profile or choose ‘Add a New Debit/ATM card’ if you wish to repay using a new card.


How do I repay my aella credit loan apps? (Via Transfer)

Direct Transfer to your Aella Wallet by transferring money to your unique bank account. To have access to your account details for money transfer

click on bank transfer on the home screen. Repayments made via money transfer are typically updated immediately.

aella credit referral code

A referral code is a unique code assigned to you, which you can then use to tell anyone about the aella credit service.

If anybody signs up for Aella Credit using your code, you become entitled to benefits, such as loan discounts when a referral repays a loan before time


Does aella credit accept Verve card? Aella Credit currently allows Verve cards, Visa, and master card.

Aella credit customer care

email at

customer service hours are Monday to Friday from 9 am – 5 pm

Download Aella Credit instant online loan apps to get quick and flexible loans at affordable rates.


10. Branch loan apps

The branch is an instant online money lender that gives single payment loans, installment loans and payroll loans for borrowers.

The Branch app enables you to ask for an advance on your paycheck through a feature called Pay, which may be a lower-cost alternative.



The branch is an international quick online loan platform that is accessible in Nigeria, India, Kenya, Tanzania, the United States, and Mexico. 


How do I get a quick loan from a branch?

  • Download the branch from the google play store from your phone.
  • Create your account
  • Fill and submit a simple form in under 60 seconds for a quick review.
  • Put in for the loan that suits your needs

Loans are expressly sent to your mobile money or bank account in minutes.


How much can I borrow from the branch? You can borrow as little as ₦1,000 and as much as ₦200,000. Loan terms range from 4 – 40 weeks. Interest rate ranges from 15% – 34% with an equivalent monthly interest of 3% – 21% and APR of 33% – 261%, depending on your loan.

Download the branch instant online loan apps to get quick and flexible loans at affordable rates.


11. Social Lender loan apps

Social Lender is a lending solution that is based on social prestige on mobile, online, and social media platforms.

Quick cash is approved on the social lender base on your social reputation score.


How to apply for the social lender?

Locate the Social Lender Web App from your internet browser to request Cash.

 Available Clients are:

Sterling Bank (Nigeria) ,

Absa Barclays Bank (South Africa) ,

iTrust (Nigeria)

You can get a quick loan of up to N10,000 assured by your social reputation.

How to Apply for social lender loan ( By SMS)

Just SMS SOCIALLENDER plus [SPACE] plus AMOUNT to 30812.

You can also register and get a Social Reputation Score via our SMS2 Loan Solution.

Social Lender USSD code

Dial *348*3# to get our USSD2Loan Channel (obtainable to 9mobile – Nigeria for now).

 More Telcos are coming on our USSD soon.

Social Lender Mobile App

Share your mobile data with Social Lender to upgrade your Social Reputation Score. 

You can Download the Social Lender Data Manager on Google Play Store with your android phone – 

Social lender Connecting by( social platform)

You can either use your social media which includes Facebook Twitter or LinkedIn account to connect to social lender and proceed with obtaining your social reputation score


Apply for cash within your needs. This is fast and easy. You can even apply via SMS. Once registered and validated Approved

Once verified, You will receive the funds in your bank  account or mobile money wallet typically within 5 minutes

Download the Social Lender instant online loan apps to get quick and flexible loans at affordable rates

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