Ever wondered about the best & instant loan apps in Nigeria that you can use to borrow quick money for business or personal use?

We all have that one time in our lives that we would need money urgently maybe for some personal use or for some other things that come and needs some funds to pull through and getting a quick loan might be the fastest way.

Starting a business, funding an idea, and even getting money to handle urgent matters are not always easy. Sometimes we do want to find the quickest ways to get the fund needed and that when you need to get a loan. This article is about the best loan apps you can use in Nigeria.

These apps are one of the most trusted in the country when it comes to getting quick loans and not just the loans their services and a customer representative and even their platforms are trustworthy.

Thinking about borrowing money from a friend might really seem to be the best option sometimes but remember we all live in a time where everything is not that easy. That is when getting quick loans comes in.

Smartphones and websites are one of the most used things in this world if the internet, air, and electricity are included in the most used things in the whole wide world. This is why we can put our smartphones to good use.

Do you want to know about the best loan apps in Nigeria 2022 that can save you or help you in urgent times of need to get quick loans? Read through this post from top to the end and after that, you can select one out of all of them.

Top 10 Best Loan Apps in Nigeria For Borrowing Money [Oct 2022 Edition]
1. Carbon (PayLater)


No way we will talk about best instant or new loan apps in Nigeria that we will ignore Paylater Now known as Carbon. This is the first on the list of best instant loan apps in Nigeria to borrow quick money for either personal or business needs. Carbon is somehow the number one choice and most popular for most people to borrow money online.

The platform borrows money from anyone either you working or not, Student or monthly salary earner even if you are an entrepreneur carbon is there for you when needed and getting money is fast.

They make access to credit easy. No need for guarantors, No need for collateral for you to use carbon. It is so easy that you can apply for a loan 24/7 and receive funds into your account within minutes.

One thing about Carbon is that you have to start from a point and as you repay your loans on time the more chance you have to get higher loans from the platform and it is always stress-free.

The carbon (PayLater) is the best loan app in Nigeria on iPhone and Android as it even gives you the chance to manage your credits right from the app so all your dealing is with the app. And as a techie, I can tell you that the app is well-designed and programmed.

Not only that you can get loans from Carbon (PayLater) app, you can also use the app to make payments like to recharge any network in Nigeria and also Pay bills for your services, and also transfer money.

You can get the carbon app from the play store or visit their official website to know more about Carbon (PayLater).

2. FlexPadi


The next one among all of the best loan apps in Nigeria is FlexPadi. With FlexPadi you can get a loan for as low as N1,000 and as high as N6,000,000 straight from the app.

On FlexPadi getting quick online loans is also very easy and quick. With just a few steps then you have everything in your control to get the loan you want.

Also, FlexPadi gives reward offers for referring people to FlexPadi.

Download the FlexPadi app from Google Play Store

3. FairMoney

FairMoney is also a loan app that you can use to get quick loans online in Nigeria is the FairMoney Loan app. I choose this app as the second one among the best loan apps in Nigeria 2020 because of their good service.

With FairMoney you can apply for loans online for as much as N150,000 and you don’t need any paperwork, No collateral and it is 100% stress-free to use the FairMoney Loan App to get loans.

FairMoney also lets you spread your repayments in multiple installments for you to have more flexibility and also makes the app and services much easier for you. When you pay your credit on time it opens more chances for you to get more benefits.

You can use the app to get your bill payment done also and you get up to a 5% discount using the app to get airtime of any network in Nigeria.

Download FairMoney App From Google PlayStore

But, You should know that there will be some terms and conditions attached so make sure you check that before you apply for the loan but trust me the platform is great.

4. Branch

Branch loan platform is also one of the best loan apps in Nigeria and do you know the good thing about Branch? It doesn’t operate only in Nigeria but also, it operates in other countries like Kenya, Mexico, and India.

Branch makes it easy for you to access loans for the way you live anytime, anywhere. Sign up in seconds, apply for a loan, and receive your money straight to your account. It’s a fast, convenient, and reliable way to access credit when you need it.

Money borrowed from Branch can be used for anything you prefer to use it for and no one is going to ask you about that not even Branch Officials.

Download Branch Money Lending App

You can borrow loans as low as N1000 and as high as N200,000 from the Branch loan app and with little interest is what you will pay back on any money you borrow but this varies depending on the country you are in.

5. QucikCheck

With the QuickCheck app on your phone anytime any day you can get instant loans straight into your bank account. This is one of the best loan apps in Nigeria and this is because their mode of borrowing money is really a great one.

You get to access quick cash loans at single-digit interest rates, anywhere, anytime. This loan app for Nigerians helps Nigerians access instant online quick loans without collateral and it work seamlessly.

Using the app is as simple as other Loan apps we have talked about just that after signing up and you have applied for a loan the will run a credit scoring using an algorithm within a few seconds.

Some reasons why this app is special is because of 1. You can choose when to pay back 2. You can borrow money up to 200,000.

Download The QuickCheck App From Google Play Store

6. Aella Credit

Another sure app you can get instant loans online in Nigeria from is the Aella Credit loan app. They have very good customer relations, and their helpdesk is always ready and fast to respond to your inquiries.

No hassles, no stress with the Aella credit app!! Just download the app from the Google play store and fill in all of the necessary information to use the app and get access to instant loans anywhere you are.

Make sure your details are correct and are in correlation with the information you put down because that might make it impossible to use the app if the details are not correct.

7. KwikMoney (MIGO)


Borrowing money on KwikMoney is really different How? You don’t need an app to get loans. The only thing you need is your Smartphone and Your SIM registered to your bank account.

You don’t need any documentation to get your loans out in few minutes. The earlier you repay your loan the higher your rate of money you can borrow the next time on the platform.

You can visit their official website (Kwikmoney.com) to process the loan within seconds using only your phone number and get the money straight into your bank account. You Have within 14Days to 30 Days to return the loan.

If you pay back the loan before the 14th day from the day you borrow the money you will not pay any interest. After the 14th day, there will be a 5% interest increase on the money you borrowed.

8. PalmCredit


Another app that can not be forgotten or left out on the list of best loan apps in Nigeria is PalmCredit. PalmCreditis easy to use the app and a very convenient app to use anytime any day to get Short Term Loans in Nigeria.

They are a Microfinance Institution, PalmCredit intends to increase opportunities for the poor to access financial services by providing financial services to low-income entrepreneurs, Students who continue to learn, and more.

The earlier you pay your borrowed cash the more you increase your loan limits. The PalmCredit money lending platform/app is always there for you to get quick loans in Nigeria.

You Can download the PalmCredit app from the Google play store

9. KiaKia Loan

This is another sure platform to borrow money and quick loans in Nigeria is the KiaKia Platform. In Yoruba land (Nigeria) KiaKia actually means Fast Fast which means this money giving is fast at the process.

If you have a business and you need funds to build the business KiaKia Money is ready to give loans ni KiaKia

When you dial *822# on your mobile phone, you can get access to loans from Sterling bank, the official owners of Kiakia loans.
For other bank subscribers? Dial this USSD code for loans in Nigeria to access loans from other lending organizations.

All you need is to visit the Kiakia official website (kiakia.co/) anytime any day to make start your loan process. There is an assigned virtual personalized agent ready to attend to you anytime.

10. CreditVille


The last money borrowing platform on the list of my best loan apps in Nigeria is CreditVille. CreditVille offers CASH LOANS (For Salary Earners & Business Owners) to meet urgent needs on any aspect needed.

It is so good at CreditVille that if you need a Vehicle loan to get your preferred choice of vehicle, you can get that done at CreditVille.

You can get loan offers between N100,000 to N4,000,000 at CreditVille for up to 18 months without collateral to be able to meet their financial needs.

CreditVille Limited’s Payday Loan in Nigeria is a quick loan for salary earners and with CreditVille you can also get Salary Loans and they are fast and stress-free.

To apply for loans at CreditVille just visit their official website and fill out the application form and you get your applied loan without any stress in a Quick Time.

So those my top 10 best loan apps in Nigeria for quick money lending for your personal use or for business purposes.

How To Get Loan Online in Nigeria
The swift and easy method to get an instant loan online in Nigeria is to get the needed loans via online loan apps/platforms. The mobile apps for online lending in Nigeria are the quickest way to get loans and within minutes your mobile account is credited. The following are a few benefits of getting online loans in Nigeria.

1. You Have Access 24/7
2. No collateral is needed
3. It is very fast
4. You receive money directly into your bank account.
These are the benefits of using any of the loan apps to get quick loans in Nigeria for either business or personal use.

Banks and Microfinance Banks in Nigeria will also Lend You Money and sometimes the money borrowed can get to you very fast and sometimes it takes time. But there is always stress involved.

QUICK RECAP: List of the Best & New Loan Apps for Nigerians 2022

1. Carbon (PayLater)
2. FlexPadi
3. Branch
4. FairMoney
5. Quick Check
6. Aella Credit
7. KwikMoney
8. PalmCredit
9. KiaKia Loan
10. CreditVille

The situation is absolutely not critical. If you really repay loans on time but you have a bad credit history in the past, there is always a way out - take an online loan. The great advantage of instant lending applications where you can choose good conditions to get does credit associates hurt your credit is that they don’t need your credit rating. This is ideal for borrowers who have a poor creative score or those who have never taken a loan before.

Thanks Op.
I need quick loan (N300, 000) for a business.

Which of the listed loan apps do you think I should go for.

I know u mentioned that they are the best, but which among them would u personally recommend.
NB. I want the loan to be fast, the interest to be reasonable (both the time of repayment and the rate) and I want a good customer service.

Thanks