Best Quick Loan Apps in Nigeria


Nothing beats wanting to borrow and getting access to money easily! Quick loans in Nigeria have come to stay and the FINTECH sector is growing on a daily basis, all thanks to the increasing demand of individuals, small scale businessmen and women and students who need urgent money to fix or address urgent situations.

Gone are the days when banks and micro-finance institutions were the only loan providers in Nigeria. Worse still was the bulky documentation, collateral, guarantor and cutthroat requirements you’d be asked to provide, not forgetting the repayment type which often was weekly for business owners.

Since the entrance of FINTECH companies in Nigeria, quick loans have become super accessible and easy, without having to visit any physical location. All that is needed is just to download the loan provider’s app to your phone, launch the app and fill in your details then have your account credited within 30 minutes just like that!

Although we listed in one of our posts 17 quick loan providers/apps in Nigeria, a lot has happened since that post and instead of tampering with it, we thought to do a more refined list of quick loan providers/apps in Nigeria and also share opinions on some of these applications or loan providers as the case may be.

***Please note that the essence of this post is not to market or demarket any of these loan providers or quick loan apps but to serve as a guide and assist potential borrowers on which quick loan apps they should look out for and which to avoid. This ranking is based of difficulty, accessibility, popularity, features and users’ experience of these mobile applications.

Top Quick Loan Apps in Nigeria

Without further ado, let’s take a look at the top 10 quick loan apps in Nigeria, in descending order.

9. Kiakia Loan


Kiakia makes the first non-app loan platform on our list. NigerianWiki feels Kiakia is deserving of this spot because it is considered unique. Kiakia is a digital, web-based money lender that offers personal and small business loans in real-time with the help of a virtual agent! Registration is free and easy and guided by a virtual, intuitive agent known as “Mr. K”. Kiakia utilizes big data, machines, psychometry among a host of other things to determine the credit scoring of prospective borrowers. Users can build their credit score with Kiakia based on their activity on the website, as well as their financial behaviour as determined by ‘Mr K’. To get started with Kiakia, visit

8. Quickteller


It might be strange seeing Quickteller on this list. Widely known as a financial digital service platform where various transactions such as bill payments, airtime recharge, receiving and sending of money, etc. are done, the robust platform has found reasons to expand its services to granting quick, soft, collateral-free loans. Frequent Quickteller users can now access instant loans to meet their urgent financial needs. Individuals can access up to N50,000 using Quickteller and have their loan request approved and the cash in their account instantly. To use the Quickteller loan service, visit or dial *322*6# directly from your phone to get started.

7. Palm Credit


Palmcredit is one of Nigeria’s quick loan providers with loans ranging from N2,000-N100,000 within minutes on your mobile device. Similar to others, Palmcredit does not require either collateral or guarantors. It offers business and individual loans. Palmcredit is available on the Google Playstore.

6. KwikMoney


With KwikMoney, you can get a loan in 60 seconds and this is not an exaggeration! KwikMoney is a fully automated loan service platform that allows individuals and businesses to borrow without collateral or documentation and you can access loans ranging from N500-N500,000 instantly. Although KwikMoney is not available on mobile applications, accessing a loan is as simple as ABC. Simply visit, enter the phone number linked to your bank and you’ll be shown how much you are eligible to access.

5. FairMoney


With FairMoney, you can get a loan within 10 minutes and have the same in your bank account. FairMoney is an app-based loan platform for Nigerians to access loans anywhere in Nigeria. FairMoney loans vary, depending on your credit score and range from ₦2,500 to ₦150,000 with loan term durations of about 4 – 26 weeks and equivalent monthly interest which ranges from 5% – 28%. Using FairMoney is simple, start by downloading the APP HERE and have your loan hit your account within 10 minutes!

4. Branch

Branch Loan App

Branch is one of the most popular loan apps in Nigeria. They offer loans from ₦1,000 to ₦200,000. Loan terms range from 4 – 40 weeks. Interest ranges from 15% – 34% with an equivalent monthly interest of 3% – 21% and APR of 33% – 261%, depending on your loan option. Interest rates are determined by a number of factors, including your repayment history and the cost of lending for Branch. You can get a loan within seconds on Branch. To do that, CLICK HERE.

3. QuickCheck


QuickCheck, a Fintech startup organization that provides soft, quick loans to individuals without the wherewithal to adequately borrow from the bank, conveniently makes this list as one of the top 10 loan apps in Nigeria. With QuickCheck, individuals can access loans up to N30,000 or more, depending on their credit rating. Loan approval with QuickCheck takes within 24 hours, does not require paperwork and guarantors.

2. Aella Credit

Aella Credit

Aella Credit is quite popular and known in the quick, soft loan industry in Nigeria. Aella offers loan services to both individuals and employees in their network at fairly competitive rates. For employees seeking to access Aella Credit loan facilities, they must provide their name and employee ID number. Approvals take less than 5 minutes. Employers can also sign up their companies to be part of the Aella network. Individuals do not need to provide employee ID when applying for loans. Aella is available on Google Playstore. To download Aella, CLICK HERE.

1. Carbon (Paylater)


It is not surprising that Carbon (formerly known as Paylater) is the most popular quick loan platform in Nigeria and ranked first on our list. Paylater has grown over time to becoming the best in this sector for very obvious reasons. Recently, Carbon introduced a loan top-up feature, meaning you can request for another loan if you have a loan yet to be repaid fully so long you have made two repayments out of your repayment! Paylater, now referred to as Carbon offer individuals fast and quick loans without collaterals and guarantors. Carbon, or Paylater off loans ranging from N10,000 – N1,000,000! To get an instant loan on Paylater,

Loan Apps to Avoid in Nigeria

There has been a sharp increase in the emergence of FINTECH companies in Nigeria ever since the idea of quick loans have broken through. Certain apps have been released to app stores to not only collect data but also charge you for ‘transaction fee’ ranging from N100-N150 and then decline your loan offer. Based on this, we thought to advise against loan apps to avoid on app stores. Reviews on some of them are fake with only foreign names, most likely to make them look good before potential borrowers. Loans apps in Nigeria to avoid are:

  • Aposhashamura
  • 9Credit
  • Sokoloan
  • Ncash
  • Xcredit
  • Haloocredit
  • Easynaira
  • Easycredit
  • Cashlion,
  • Fastmoney
  • Fastcash
  • Gocash
  • 9ja cash
  • Okash
  • Lcredit

Keep checking back as we promise to periodically update this list. We also would love to hear your opinion as against ours. So, kindly leave a comment in the comment section below.

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