Top 10 Best Loan Apps in Nigeria for Instant Loan 2022 (Quick Approval, Low Interest)

Not all loan apps in Nigeria are created equal. Some charge high-interest rates and take a long time to process your loan request, while others offer quick service and low-interest rates. If you’re looking for the best loan app in Nigeria, here are my top picks:


The branch is the best loan app to get quick approval in Nigeria. This is because the app has an easy-to-use UI and a quick application process.

It also offers low-interest rate loans and fast approvals.

The app is available for both Android and iOS users, which makes it accessible to many people across Nigeria.


Carbon is a Nigerian online lending platform that provides unsecured loans to individuals and small businesses. The company is regulated by the Central Bank of Nigeria (CBN) and registered with the National Insurance Commission (NAICOM).

Carbon was founded in 2018 by John Finix, Niyi Adejumo, Olumide Ajayi, and Osagie Okusanya after raising $5 million in seed funding from investors like Eric Omondi, Mike Adenuga, and others.


RenMoney is a loan app that provides loans to individuals and businesses, with a focus on the Nigerian market. They offer loans up to N100,000.00 at competitive interest rates and can fund your loan within 24 hours.

The RenMoney loan application process is simple—it’s easy to apply for loans online using their website or mobile app, which you can download from the Apple App Store or Google Play Store.

Recommended: A New Way To Make Money Online: Start With No Capital


Kwikmoney is a Nigerian fintech startup that helps users get loans quickly with low-interest rates. Kwikmoney has a simple application process and quick approval. Kwikmoney is available to Nigerians in Lagos, Abuja, and Port Harcourt.

The process for applying for a loan through Kwikmoney is simple: create an account, fill out your profile information and then submit it to be reviewed by lenders on the platform.

The entire process takes less than 5 minutes! After submitting your application, you will receive an email with the next steps within 24 hours (usually sooner).


Although they have a network of over 30,000 agents across the country, AellaCredit offers an online application process that is quick and easy.

Once you’ve submitted your application (and read through their terms and conditions), AellaCredit will get back to you within 24 hours with a decision. They offer personal loans as well as business loans up to N1 million.


FairMoney is a peer-to-peer lending platform that offers loans in Nigeria and Kenya. The company is based in Lagos, Nigeria, but has a presence in the US and UK as well.

The app provides fast approval times (1 hour) and competitive interest rates on their loans ($0–$1,000). However, the service is only available to those with at least 2 years of active credit history.

Recommended: 10 Ways To Make Money Online And Grow Your Income


Palmcredit is a mobile app that allows you to get instant loans from your smartphone. It is an online loan application and repayment service. It is available on Android and IOS devices.

It is a quick and easy way to get money without having to go through any hassle or formalities of filling out papers, waiting in line at a bank, or providing collateral.

All you have to do is download this app, fill out the details requested by the lender and make sure that they approve your application within 24 hours!

There isn’t anything bad I can say about Palmcredit because their customer service representatives are very friendly, knowledgeable about all things related to loans (including interest rates), helpful during times when things don’t go as planned (like late payments), professional (especially when communicating via email), friendly (again… especially via email)…basically everything

I look for when dealing with companies like theirs who provide services such as theirs which usually require lots of personal information from customers like myself before making any kind decision whether or not I want them working for me long term.”

Cashiers Credit

Cashiers Credit is a loan app in Nigeria for instant loans. This means you can get the money you need in as little as 24 hours if approved by the lender.

Cashiers Credit can be used for any purpose; it doesn’t matter what your situation is or how urgent your needs are, this loan service has got you covered!

The application process is easy and quick, plus with low-interest rates and no hidden fees, it’s one of the most affordable ways to get instant cash on hand when you need it most.

You can apply through their website (www.cashiescreditonline) or their mobile app (Android/iOS). They also offer an SMS-based application via Verve Mobile Money so even if you don’t have access to the internet or smartphones yet, still apply today!

Branch. co

Branch. co is an online microlender that provides loans ranging from N500,000 to N5 million. The company was founded in 2011 by a group of investors who realized the need for efficient financial services in Africa.

Since then, it has grown to be one of Nigeria’s most reliable and trusted microlenders. The branch offers quick approval within minutes and easy repayment options that can be customized according to your needs.

Branch also has an innovative alternative lending system that uses AI (Artificial Intelligence) algorithms to analyze data to determine whether or not you qualify for a loan while providing detailed reporting on your borrowing history over time.

Hence, you are always aware of how much money you owe or what type of repayment plan works best for your specific financial situation at any given moment in time!

Recommended: 7 Ways To Make Money Using Nothing More Than Your List

These loan apps in Nigeria will help you get loans quickly and with relatively low interest.

If you’re looking for a loan in Nigeria, these 10 apps will help you get one quickly and easily. They have low-interest rates and are easy to get approved for, with a wide range of loan options.

The best part is that they all have quick approvals; you can be approved within minutes!


We hope you’ve found this article helpful in your quest to get a loan without going through any hassle. All these apps are based on the same idea: That technology can solve our everyday problems, no matter how big or small they may be.

And if you look at them closely enough, it becomes clear that they aren’t just about getting money quickly—they’re also changing how we think about lending money altogether!

If you want more information on what we mean by that statement and why it could be important for all of us as individuals (both lenders and borrowers), then check out our blog post here.