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Best 8 Loan Apps in Nigeria This Year

There are many loan apps in Nigeria that you can use to get a loan. The list of these apps is endless, and they have different rates and offerings. It’s important to look at all of your options before making decisions regarding which lenders you want to work with. Here’s a quick overview of some popular platforms:

Okash loan app

Okash is a loan app that offers loans from N15,000 to N150,000. They also offer personal loans and business loans. The process of applying for a loan on the Okash platform is fast, easy and painless.

The application form asks you some basic questions about your income or savings account balance before moving forward with the application process.

You will be asked to upload documents such as proof of identity (passport), proof of address (electricity bill) or any other document that can help prove information about yourself so they can verify your claim regarding earning potentials before approving your request for funds. Your BVN number will also be required.

The Blue Ridge Microfinance Bank’s OKash Quick Loan App, which is powered by OPay and offers microloans, is one of the most popular loan applications in Nigeria. The Okash rapid lending app does not accept applications from borrowers above the age of 55 or those under the age of 20.

The OKash Quick Loan App makes use of information from the borrower’s smartphone, including the make, model, financial transaction messages, and loan purpose, in addition to age, to create a customized credit score and select the best loan offer.


Branch is a Nigerian loan app that offers personal loans, business loans, and car loans. Branch’s rates are competitive with other loan apps in Nigeria. However, they do not have as many customers as some of the other popular loan apps such as LoanNinja or ZestMoney.

Branch has a good reputation among Nigerians because of its low interest rates and easy application process. The company has been around since 2003 so you can expect that it will continue to provide top-notch customer service for years to come!


KiaKia is a microfinance company that offers loans from N10,000 to N1 million. They are available on Android and iOS. The application has been developed by KiaKia Foundation Nigeria Limited, which was founded in 2016 as a non-profit organization with the aim of providing financial services for people living in poverty.


Fairmoney is a Nigerian platform that provides loans to individuals and small businesses. The company was founded in October 2018, and has grown to have an impressive network of over 1,000 agents across Nigeria.

The rates offered by Fairmoney can be quite competitive compared to other lenders on this list, but it’s important to note that their interest rates are variable based on your creditworthiness. As such, you should take note if you apply for any type of loan via Fairmoney before deciding whether or not you should move forward with your request.


OneFi is a platform that offers loans with flexible repayment plans. OneFi has a range of loan options, including personal loans, business loans, and mortgage loans. OneFi’s customers can choose from a range of interest rates depending on their credit history and monthly income.


Carbonng is a loan app that provides loans to individuals and businesses. It offers loans between N100,000 and N10 million. The interest rate on carbonng loans is 2%, which means you will pay just 1% if you borrow money from this company.

Carbonng has a repayment period of 3 months and the minimum amount that can be borrowed is N1m (with an additional charge of 20%). This means that customers who need more than that should look elsewhere because they will have to pay more than what they want due to their needs being higher than what they are offered by other companies like Carbonng itself!


Paylater is a loan app that offers loans of up to N150,000. This is one of the best Nigerian loan apps because it has a minimum interest rate of 15%. The app is available on Android and iOS devices, which means that you can use it everywhere you go.

QuickCheck loan app

QuickCheck is a loan app that offers loans of up to N50,000. The platform is owned and operated by a Nigerian-owned and operated company. It’s a peer-to-peer lending service where users can lend money to those who need it most; people with bad credit or no credit at all.

QuickCheck was launched in 2016 by one man who wanted to make sure that people who needed financial assistance would not be left behind. He wanted them to be able to apply for loans online through his new platform so that he could make sure everything went smoothly for them when they applied for their first loan on the website.


The best loan apps in Nigeria offer great rates, and their features are also unique. You can get the information about the rates and fees, the terms and conditions of these loan apps from the website of each company.


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