Top 10 Apps to Get Loans in Nigeria

Saving up sufficient capital to start up a business or for an investment can be an arduous task sometimes and so taking loans can come in handy as a last resort. Finding the best, quickest and most convenient loan lending medium can be quite stressful. So this article has been put up to help you with that problem.

Here, we have been able to downsize the 10 best loan lending Apps that can help you get that loan you want:

Top 10 Apps to Get Loans in Nigeria

1.   Okash.

Okash makes it easy and flexible to access credit anytime, anywhere. It is Opay’s automated lending service focused on increasing access to credit to financially underserved/Excluded individuals in Nigeria. It can be delivered via an Android mobile app, with lending decisions provided almost instantly. The usual amount for borrowers is #10,000.

Their loans are provided in partnership with Blue Ridge Microfinance bank and loans from money lenders are designed to be short-termed. It is best for anyone looking for an unsecured personal consumer loan, student’s and the individual’s ineligible for typical bank loans due to thin credit files. You need the Okash app to be able to have access to the application form which has to be filled for you to be a recipient of their loans.

2.    Kwik money

Kwik money or just Kwik cash is a Nigerian automatic or instant loan service that cooperates with banks, mobile networks or other telecommunication services. Loans can be gotten very quickly in 60 seconds or even less. This app has now been rebranded to Migo. Migo offers a simple platform to enable users to apply for loans through their website. This is simple to use and doesn’t require you to download any app. All processes will be carried out on the website. You can request a loan on MTN, GLO and 9mobile by dialling*564# or by dialling *554*561# for Airtel subscribers.

3.    Ren Money

Ren Money investment helps you save money and at the same time get an additional interest added to the capital investment as well as serving the purpose of a loan lender. This investment/loan lending platform was formerly known as Ren Credits before its name was changed. It offers a reasonable loan service alongside other financial services like investment services as well. It is also another quick app for loans and it was established under the license of a microfinance bank. To qualify for a Ren Money loan, you have to be between the ages of 25-59 years old, have a verifiable and legal source of income, have a savings account and lastly must live or work in cities where they operate.

4.     Branch Loan.

This is an online quick loan platform that offers quick loans to users of the Branch loan app.

Just like most other loan apps, collaterals aren’t required and the requirements are almost similar to the requirements of others. It uses the data on your phone, SMS messages, details of your bank account alongside the activeness of your account to determine the eligibility of a potential loaner.

5.    Quick check

This is one of the best apps for getting quick loans as its name implies. It has been able to justify what their name is. Quick check doesn’t provide money for small businesses but only for individuals in need of money to keep surviving until the next payday.

6.    Aella Credit

This is a full financial institution that provides a variety of financial solutions and products to financial problems. It can be accessed through their app and they offer the following products and services; loans, investments, pay bills, micro insurance plans, and peer-to-peer donation.

7.    Fair Money

This is an automated money lender that provides single payment loans, instalment loans and payroll loans for borrowers. The amount borrowed is then deducted from your account.

Their minimum loan amount is #10,000 and the upper limit for a new customer is #40,000 with no collateral or guarantor required. Loans from money lenders are designed to be short-termed that are designed to tide you over to the next payday. It is best for anyone looking for an unsecured personal consumer loan, students and individuals ineligible for typical bank loans due to thin credit files. This offers a fast, reliable and free mobile app through which their loan service can be done.

8.    Soko Loan

This is a product of a Microfinance institution, Soko Lending Company Limited to increase financial opportunities for the poor. The loan app was mainly created for nothing else than to provide loans for individuals. It consists of passionate people who aren’t after the profit but pursuing a goal of helping the less privileged solve their financial problems.

9.    Kia Kia Loan

This is a money lender that provides direct personal loans at flexible rates, and also matches borrowers with individuals or corporate lenders at mutually agreed rates. They offer loans from #10,000 and #200,000 for a minimum duration of 7 days and a maximum of 30 days. The unique aspect of Kia Kia Loan is that it is a two-way system in the sense that it makes it possible for users to give out as well as get loans; that way, a person can be the recipient or donor of a loan.

10.   Loanspot

This is one of the online lending platforms in Nigeria that provides users with instant online loans in Nigeria. The goal of this platform is to make it easier for businesses, entrepreneurs and everyday individuals to have access to credit that would enhance the quality of their livelihoods. This platform is designed in such a way that it connects you with several lenders across Nigeria thereby allowing you to consider several lending options and go for the most suitable for you.

Conclusion

There you have it guys, the 10 best loan lending Apps in Nigeria you can choose from. So if you’re looking for a loan to start up or boost  that business or even for that personal need, try out some of these and you’d