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Presently in Nigeria, lots of financial loan apps render loan services to individuals and business owners at any level. However, not all financial loan platforms give a good interest service to their customers. The best financial loan services would give instant payment, small yearly interest rates, and a reasonable repayment time frame.

Recently, individuals and business owners would ask for additional cash to handle some urgent challenges they are facing. Due to situations, when the means to get money is beyond you, the alternative that will come to mind would be to consider getting the best instant loan app in Nigeria with an easily accessible loan.

The procedure you would encounter to access instant loans in Nigerian banks is very long and tiresome for anyone that is only looking to access a small amount of loan for only a short period. In this article, I have researched some best instant loan apps in Nigeria to guide you.

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 Here Is A List Of The Best Instant Loan Apps In Nigeria


1. Fair Money

Fair money has been known to be one of the best instant loan apps in Nigeria which has been chosen as one of the best apps that give quality services. Fair money allows you to spread your refunds in different instalments to enable you to have extra changes and also makes the instant loan app and services very easy for you. Immediately you pay for your credit as soon as it opens, you would be given more chances to get more benefits. Fair money allows you to apply for instant loans up to N150,000 and you would not be asked for paperwork, or collateral, it is not stressful to use the Fair money instant loan App to get loans.

You would also be allowed to use the app for your bill payment and would you be offered up to a 5% discount when you use the app to get airtime on any network in Nigeria. Of course, you should know that there are always terms and conditions in every business which help in the management of the business, and they should be well adhered to so you could be given the best instant loan apps services.

Again, Fair money allows users to recharge their phones and pay their expenses. Using Fair money, you would be offered short-term loans to assist cover pressing needs, bills, business, and more. They give access to loans at any time and anywhere.

Fair money has packages that include personal loans, education loans, business loans, and what have you. Fair money can give a speedy and profitable loan to all her valued customers with the effective use of technology.


2. Quick Check

Quick check is another best instant loan app in Nigeria because their process of loaning money is very great. Quick check can be used anytime, any day and it goes straight into your bank account. Quick check is a new instant loan app platform for individuals and small businesses.

Quick check allows the use of mobile technology to encourage individuals and small businesses to earn access to financial credit. Quick check instant loan apps can be accessed at single-digit interest rates, anywhere, anytime. This instant loan app in Nigeria assists Nigerians to access instant online loans without collateral and its works perfectly.

Using the Quick check instant loan app is as easy as other Loan apps I have listed but the difference is just that after you have signed up and have applied for an instant loan, Quick check would run a credit score with the use of an algorithm within a few seconds.

The benefit of this Quick check instant loan app is that:

  • You are allowed to choose when you want to pay it back.
  • You are given access to a loan of up to N200,000.

The extra instant loans you take and repay at the due time, the bigger you would be given a credit record and it will guarantee your gain to an increased amount. Quick check is the best instant loan in Nigeria.

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3. Palm Credit

Palm credit is one of the instant loan apps in Nigeria that allow the use of a virtual credit card which makes it smooth for you to access an instant loan anywhere anytime. Palm credit would give you an instant loan of up to ₦100,000 within minutes you applied on your mobile phone.

Using a Palm credit instant loan app, getting a mobile loan is easy provided you are following the terms and conditions. When you want to apply for your credit limit in a few minutes, try to take as many instant loans as you need without the first approval steps. It’s a value uprising.

When you pay your credit at the stipulated time, your credit score will be updated immediately. Being able to pay on time would grow your limit to N100,000. Again, Plam credit is good when it comes to rewarding offers to its customers if you refer people this is the reason it is one of the best instant loan apps in Nigeria.

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4. Carbon (Paylater)

Carbon previously known as pay later is also one of the best instant loan apps in Nigeria either for personal or business needs. Carbon is somewhat seen as a number one alternative and most popular for an instant loan app for you anytime anyway. Carbon is a space or platform for instant loan apps from anyone whether you are working or not, student or monthly salary earner be you an entrepreneur, carbon is there for you when you need an instant loan and it is fast to get (instant).

Carbon allows easy access to credit.  Guarantors is not necessary, Nor is there a need for collateral for you to use carbon though it has terms and condition. Carbon is so simple when it comes to instant loan apps that you can apply for a loan 24/7 and receive funds into your account after confirmation.

What you should know about carbon is when you apply for an instant loan you have to start from a level and as soon as you pay up your loan when due, you would be given more opportunities to get bigger loans from the app without stress.

The Carbon (PayLater) is the best instant loan app in Nigeria on iPhone and Android and it allows you to manage your loan right from the app so all your transaction is in the app. The carbon instant loan app is well developed and programmed.

You would not only get loans from Carbon (PayLater) app, but you could also be allowed to use the app to make payments like recharge any network in Nigeria, Pay bills for your services, and also send money.


5. Branch

The branch loan space is also one of the best instant loan apps in Nigeria and the good about Branch is it doesn’t work only in Nigeria but also, works in other countries like Kenya, Mexico, and India.

Branch makes it smooth for you to access instant loans wherever you live anytime, anywhere. You should sign up in seconds, apply for an instant loan, and receive your money straight to your bank account. The branch is an instant, convenient, and valid means to access a loan when you urgently need it.

The instant loan you received from the Branch can be used for anything you choose to use it for and no one would question you about that not even Branch staff.  Furthermore, on the dashboard, you will see a loan offer; you must use this first to receive bigger loan offers.

The Branch instant loan app is another valid loan space in Nigeria. To get immediate and instant loans on the Branch app is so smooth and straightforward. The Branch will assist you to sort out your financial needs in no time.

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6. KiaKia

Kiakia is one of the best instant loan apps in Nigeria, KiaKia in the Yoruba dialect means quick and fast and is indeed fast and smooth. KiaKia is known as one of Nigeria’s pioneer digital instant loan apps and also the leading peer-to-peer marketplace, KiaKia would give you secured and unsecured loans and also participates in well-organized profit-sharing business deals.

KiaKia has its focus mainly on Micro, Small, and Medium Enterprises with large growth capacities, which does not have access to loan from traditional financial institutions. KiaKia has a mobile web app that provides you with access to personal and small business instant loans and also encourages you to save so you loan out funds at moderated interests through voluntary dialogues.

KiaKia allows for big data, machine learning, and digital forensics for its proprietary loan rating and loan risk estimate algorithm to give direct and peered personal and business loans to millions of individuals and small-medium enterprises without loan data.


7. Aella Credit

Aella Credit is one of the best instant loan apps in Nigeria. Aella Credit is a financial institution that makes it easy for individuals in Nigeria to have access to money in terms of urgencies. It is Primarily focused is on employee lending and engagement, Aella Credit instant loan financial institution was affiliated with three major credit division agencies in Nigeria to give instant and affordable loans without paperwork to its customers.

Aella Credit makes a proprietary loan rating algorithm to know the credit value of its users. The algorithm was created after the gathering of the staff more than five years of market data and surveys, putting an applicant’s qualification for an instant loan by looking at social and demographic factors as well as customers’ loan percentages.

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8. Credit Vile

Credit Ville is also one of the best instant loan apps in Nigeria that gives Payroll as regards customer loans to qualified individuals through their staff. Credit Vile deducts the loan lent to their employer from their monthly salary.

Credit Ville gives an urgent instant loan instantly to your bank account after you must have given the needed requirements and documentation. Credit Ville would give you an instant loan between N100,000 or above for up to 18 months and you wouldn’t be given collateral to be able to meet their loan requirements.


9. Alat By Wema

Alat is one of the best instant loan apps in Nigeria and the first-ever completely digital bank on the list of best loan apps in Nigeria. Alat is a smooth and entirely digital financial institution that gives quick and instant loans with no form of paperwork. Alat will not ask you to visit their office and the time they respond between loan approval and loan transfer into your account is in minutes.

Again, the Alat loan gives a range of services like the Device-loan offer and the Goal-based loan which enables you to receive a loan towards a particular goal to get your choice device. However, Alat’s interest rate has been planned fully to assist their customers. Alat interest rate per month is 2/% rate on a reducing balance basis.


 10. Jumia Pay

Jumia Pay is also widely known as the best instant loan app in Nigeria through their product which gives instant loans to users. Jumia one loan is a valid loan space you could always find needful anytime any day.

You must have seen Jumia dispatcher, Jumia logo, or Jumia black Friday or you have heard of Jumia on TV or social media like Facebook, Instagram, LinkedIn, Twitter, Whatsapp, and Youtube. Jumia is a digital/online marketplace company that provides an outstanding shopping experience for its customers. The company has since changed its operations to not only online shopping, but other forms.

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Jumia pay Loan is one of that modifications. It is a loan space that is fully automated.  They built the space with a priority on making credit facilities accessible to all and sundry; especially those that are not necessarily eligible for Bank loans.

Jumia has a payday loan which is an instant that is created to give financial assistance to the working class or business owner. Jumia Payday loan works like an overdraft and is required to be paid back upon the next paycheck of the borrower. The Payday loan is for employees of any working organization, from companies to ministries and other establishments.

Education – Jumia Payday loan is accessible to you for use in continuing your academics and to assist educational expenses.

Business – Jumia Payday loans were built to help businesses cover money flow payments and help in overall transactions.

Jumia pay is one of the fastest in the auxiliary credit facilities space. The loan options are given to whoever applied within a space of 15 seconds, and loan acceptance and issuance are secured within 5 minutes.

Borrowers can borrow the sum of 10,000 nairas for the first time and you could get as much as 100,000 nairas based on your credit records piled up over time.


11. Kuda Overdraft App

Kuda loan app is now one of the trending best instant loans in Nigeria. Kuda Overdrafts app is short-term you can take it at any time provided you use your Kuda account regularly. The Kuda Overdraft is short-term insurance that helps you keep your life running softly. Immediately the balance in your Spend account is low, you could often borrow money from your borrow account to cover your expenses and pay it back when you get paid.

Getting a Kuda Bank overdraft is very smooth as soon as you have been verified your borrow account for eligibility, the type you want, complete the instant loan application and use the money right away because you will be credited instantly.

Kuda overdraft will give you back the money to your borrowed account if you did not spend the whole amount borrowed. Kuda bank is now on the top list of one of the most outstanding digital banks in Nigeria. Kuda offers its users loans of up to N50,000 at 0.3% daily interest.

However, Kuda could increase your loan amount based on your usage of the Kuda app, which is amazing.


Choosing The Right Loan For You

Because of the limited amount of loans accessible recently, you could find it challenging to choose the best instant loan app in Nigeria. To decide on this, you would need to think about different factors like the rate, tenor, and general terms and conditions. 

There are a few reasons for using a loan app in Nigeria

  • Loans with no collateral
  • 24/7 availability
  • No paperwork is needed
  • Adjustable payment options
  • Ready to use anytime, anywhere on your phone.


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All of these loans are instant loans without collateral, but it is encouraged to carefully read the Terms & Conditions (T&C) before you apply for an instant loan just to be on the safe side.

Again, analyze the interest rate and payback time to be on the safe side and as a business owner or a personal user, you will not want to go in for loans with a very short payback time except you are sure of getting the money to pay back at your stipulated time.







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