The fastest way to get a loan in Nigeria with Loan Apps

The fastest way to get a loan in Nigeria with Loan Apps

The fastest way to get a loan in Nigeria with Loan Apps

Fastest way to get loan in Nigeria with Loan Apps
Fastest way to get loan in Nigeria with Loan Apps

Sometimes we get into some little challenge or urgent issues arise and all efforts to get a loan from friends and family failed, most times your will here “Chai E don red ooo, no Joy”. Well, you don’t need to think too much there is a way you can get some notes from loan companies online via Pay Day Loan.

A payday loan is a little portion or amount offered by loan providers with little or high interest payable within a certain period.

Most times we try to get a loan as quick as possible in the case of emergency, I will be stating the companies that will credit your account within one to five minutes with it mobile App, how about this, below I will state down the Loan Apps that you can get cash with ease without Collateral or delays.

Requirements for Loan application

I will state down some details that would be required of you before I do that, it’s important to always read the privacy/policies and term and conditions before proceeding, here is the reason, I was very down in cash and desperate to get one for sustenance sometimes back, and borrowed money with one of the lenders and couldn’t afford to pay before the due date, everyday 2% increase is added to the money, when I notice the daily increments, I reach out to them they now said it in their policy.

So, I had to get the cash elsewhere to pay to avoid the subsequent increment, having known this, let here are the details you will need before applying.

  • Full Names
  • Date of birth
  • Gender
  • Email
  • Phone
  • Bank Verification Number (BVN)
  • Residential Address
  • Local Government of Residence
  • State
  • Any of your family details (Emergency Contact details) though this applies to few companies
  • Employment status/details
  • Card details (for Auto debit when payment is due)
  • At least 50 Naira in your account to verify your card.

Once you have the details above you can now proceed to register an account with any of the companies that will be stated below.

The fastest way to get a loan in Nigeria with Loan Apps


Here are the processes you need to follow to get a loan in less than 10 to 15 minutes without collateral.

Go through the loan companies stated below

  • Once you find you’re preferred, click on the link to download the application via play store, or apple store,
  • After the application has been downloaded and installed
  • Open and click on the signup button
  • You will be required to input your information as its stated above
  • Next is to verify your card, once verified
  • Click on apply for a loan, enter the amount and submit loan requests.
  • You will be approved and you loan disbursed immediately

Note: at first the loan limit will be 5000 and below, sometimes higher depending on the company. The earlier to repay the higher amount you get; you can get up to 150,000 to 500,000 depending on your repayment status.

Loan company and how to apply


  • Carbon (Pay later)

Carbon empowers individuals and companies with access to credit, simple payment solutions and easy to use tools for personal financial management. They offer loans at the range of 7.5% to 30% interest depending on your repayment status and amount of loan requested.

The app is easy to use with a friendly mobile interface, once you create an account a wallet will be attached to your account with an account number, this is where your funds are being disbursed to, what I love most can check your credit via financial manager to see how you spend your funds and statement to your account if requested with no collateral and no hidden fees or charges.

You can buy airtime with 0 charges on transaction and can also transfer to your bank account for just 10 naira.

The loan approval process is done in less than 5 minutes which makes it more interesting.

How to Get Carbon Loan

  • Apply from the App at any given time, if you haven’t installed click here to install Carbon App
  • Signup an account, if you have an account already, sign in.
  • Next is to introduce yourself by entering your details as stated in the requirements above.
  • Then request for the loan offer and get your cash inbox in less than 5 minutes

If you love Carbon, click here to begin

The fastest way to get a loan in Nigeria with Loan Apps


  • Branch

This is another company that provides loan via its app, it makes it easy for people in Nigeria to access loan anytime anywhere, just by simply downloading its app and signing up

Branch credits your account directly once your loan application is approved in less than 10 minutes, you can access up to 200,000. Based on your early repayment status.

Though for now branch only supports some list of banks, therefore if you don’t fall on this list you are not eligible to acquire a loan from them.

The list of supported banks are:

ALAT by Wema Bank, Access (Diamond) Bank, Access Bank, Citibank Nigeria, Ecobank Bank, Enterprise Bank, Fidelity Bank, First Bank of Nigeria, First City Monument Bank, GT Bank, Heritage, Keystone Bank, Mainstreet Bank, Polaris Bank, Stanbic IBTC Bank, Standard Chartered, Sterling Bank, Suntrust Bank, Union Bank, United Bank for Africa, Unity Bank, Wema Bank, and Zenith Bank.

Its percentage is low depending on the loan duration at the range of 5% to 30%, with no collateral and no hidden fees or charges.

How to get Branch Loan

  • Download the app
  • create an account
  • apply for a loan that matches your need
  • get funds directly in your bank account.

To proceed with Branch, click here

  • Fair Money

Fair money loan app gives you an instant loan up to 500,000. No collateral no paperwork, with an interest rate of 10 to 30% no hidden fee or charges attached.

You get the loan disbursed directly into your bank account less than 5 minutes once your application is approved and you have a better chance of getting higher loan depending on your monthly income (salary or business owner).

You can get started by following the simple steps below

  • Download and install the app from the play store or click here
  • Sign up with your phone number and answer a quick question in 2 minutes
  • Receive a loan offer instantly
  • Get your fund disbursed in your account.

Are you interested in Fairmoney, click here to begin

The fastest way to get a loan in Nigeria with Loan Apps
  • Zedvance

With the MoneyPal app, you can access collateral-free Zedvance loans of up to N5million anywhere, anytime with zero hidden charges.

Customers can enjoy loan tenors up to 24months at Annual Percentage Rate (APR) of 34.8% – 365%.

For example: If a customer borrows NGN100,000 for 6-months, we will charge an interest rate of 2.9% per month at an APR of 34.8%. A processing fee of NGN1,900 (that is 1.9% of the amount requested) will apply as well as six-monthly repayments of NGN 19,566.67. This gives a total repayment of NGN 119,300.02.

Getting started with Zedvance
Download the app.
Click on “Create Account”
Provide relevant details (please register with the phone number linked to your BVN).
Apply for your preferred loan amount.

Click here to begin

SEE ALSO: OPay: Features And How To Become An OPay Agent

  • Quick credit
quick credit
quick credit

It offers a quick nano credit; this product is for salary earners that need a salary advance loan before their payday. Quick Credit loans are readily accessible to all salary earners in Nigeria. Loan amounts of up to N50, 000 are available for up to one month at a convenient interest rate of 10 to 30%.

With no hidden charges, all fees are clearly stated before applying, pre informing you to at least glance through before applying.

To get started with Quick credit

  • Download the application from Play store here
  • Register an account
  • Enter personal details
  • Apply for loan
  • Get your fund disbursed to your account in 5 minutes after approval

Click here to begin the processes.

  • Okash

It’s a financial institution which provides loan from the range of 3000 to 50,000 with an interest rate ranging for 9.1 to 41% depending on the requested loan amount.

Loan offers can be paid up to a year

To get started with O cash

  • Download the application on Play store or click here.
  • Signup an account
  • Enter your personal details.
  • Get your fund disbursed to your account.

Click here to get started.

  • Sokoloan


Sokoloan is a simple, entirely online lending platform that provides short-term loans in Nigeria to help cover unexpected expenses or urgent cash needs. You can apply for a Sokoloan loan 24 hours a day,7 days a week with its quick application process that lets you know your status within minutes. For online loans in Nigeria without collateral, fast and quick loans,

With an interest rate ranging from 15 to 13%, once the loan application is approved, the loan is being disbursed to your account directly.

To get started

  • Click here to download the application on Playstore
  • Signup an account
  • Enter your personal information
  • Apply for a loan and get your cash disbursed.
  • Get cash


Get Cash is owned by sokoloan, therefore the above details and requirements also apply to this.

You can click here, to begin with, Get cash.

SEE ALSO: Top 9 Best Money Making Apps

  • Palmcredit

Palmcredit is only for people 18 years or above.
– Loans Limit Range From NGN 2,000 to NGN 100,000
– Loans Duration Ranging Between 91days to 180days
– Loans Interest Rate: 14% to 24%, Equivalent Monthly interest 4%~4.7%, the Annual Percentage Rate (APR) on a Palmcredit loan is 48%~56%
– Example: If you choose a 6-month loan and borrow NGN100,000, Plamcredit charges an interest rate of 4.7% per month. Borrow NGN Interest Rate: 24% and The APR is 56%. 180 days Repayments of NGN 24,000. Total amount payable is NGN124,000

Once the loan is overdue there is a daily increment, so before getting a loan here you need a trusted repayment source to avoid being reported or forcefully charged.

Nevertheless, to proceed with palm credit click here

  • Xcredit


The Loan App XCredit offer:
Loan Amount: ₦5,000 ~ ₦500,000
Loan Term: the shortest tenor is 91 days, the longest is 180 days
Interest rate: 12% APR
Service Fee: 0%
Loan request: Need to be at least 18 years old or above

To get started with Xcredit

Create your account
* Apply for a loan
* Receive your loan straight into your bank account
* Build your loan limit every time you repay a loan

Your loan is sent to you right through your bank account:
Nigeria: Any bank account.

Note: there are several companies out there which offers loans, I listed this few here to get you started, what is important always read the terms and condition, privacy and policy, Frequently Asked Question (FAQ) and lastly reviews before applying for loans.

We will keep updating this for any changes made by the company and as well add more companies.

Did you find this helpful, what’s your suggestions, contribution or questions, kindly state it at the comment section of this article.

Author: Zazasco

Am a professional with more than 5 years of experience in Graphic designing, Content Creation, Web/Mobile Development, Animation, Vfx, Photo/Videographer, Branding. Am so much passionate about what I do and always researching to improve myself to meet up with trends and demands, I love teaching and also open to learning new skills. For more info. About me send me a message indicating your questions and get a reply from me.

187 thoughts on “The fastest way to get a loan in Nigeria with Loan Apps

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