There are several ways you can get instant loans in Nigeria. Currently, there are hundreds of loan platforms where you can get loans within a minute. In this article, you will see the best loan apps for you to get quick loans.
Explore the list of these loan apps and sites and choose the best for you. In checking the best app for you to get loans, you need need to consider the pros and cons, the loan amount, requirements, and terms.
What are the Best Loan Apps for Instant Loans?
Finding the best app to get loans in Nigeria is very easy. All you need to do is to check the review of the loan apps. To determine the best app, you need to find the app that gives you the loan to suit your need.
To know the best app to get a loan, you need to consider these factors:
- The loan amount the app can give.
- The loan eligibility requirements.
- How long does it take for approval
- The loan interest rate
What are the Best Apps to Get Personal Loans?
The amount of money you need will determine the app you need. If you need a loan of ₦100 thousand, you will probably need a loan app that can give up to that amount.
Can I Get Loans Without Documents?
Most loan apps in Nigeria do not require documents for the application. They offer loans without collateral. All you need to apply is your phone number and a bank account to receive the loan advance.
Can I Borrow Money Without BVN?
Yes. You can get quick loans on these loan apps without BVN (Bank Verification Number). These apps mentioned below can offer loans without asking for BVN. Choose the best app for you.
Best Loan Apps to Get ₦100K?
Check out the list of apps where you can get up to ₦100,000. Some of them include RenMoney, Carbon, Branch, FairMoney, Aella Credit, etc.
Best Loan Apps in Nigeria
Below is a list of the best loan apps in Nigeria. Choose the best one for you according to the loan amount you need.
FairmMoney is a digital bank that gives users loans instantly without collateral. It is one of the most trusted digital banks in Nigeria. If you need money quickly, it is your go-to platform.
How Much Can I Borrow on FairMoney?
You can borrow up to ₦1 million. This loan advance has a possible 18-month term.
XCredit is one of the fastest and easiest loan platforms in Nigeria. The platform grants users quick access to money to carry out anything. Using XCredit is like having a digital bank in your pocket, you can get access to money anytime you want it.
How Much Can I Borrow from XCredit?
New users can borrow from ₦5,000 – ₦500,000. All you need to do is to meet the eligibility requirements and provide an account into which the money will be paid.
Renmoney is a Nigerian financial service company. It provides loans to microbusinesses. To qualify for loans on RenMoney, you need to have a good income statement history.
How Much Can I Borrow on RenMoney?
You can get loans from ₦100,000 to ₦4,000,000.
See how to borrow money on RenMoney.
Carbon is a financial lending service. You can get loans without collateral, pay bills, and transfer money on the service. Also, Carbon allows users to save money on the platform and earn huge interest.
How Much Can I Borrow on Carbon?
Personal loans – up to ₦1 million.
Business loans – up to ₦20 million.