Forums ADVERTS/BUSINESS Best Apps to get instant loan in Nigeria

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    AvatarValentine
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    Most people especially business owners might at some point need extra-cash to handle some financial issues. In times like this when all means of getting money has been exhausted, the best alternative is to consider getting a quick and easily affordable loan online.

    The process of accessing quick loans in Nigerian banks is very difficult for most individuals but thanks for these loan apps, getting loans are now very easy for businesses and individuals.

    Here are top 7 mobile apps for loans in Nigeria.

    1. Paylater

    Paylater is an easy-to-use and entirely online lending platform that provides short-term loans to individuals and small businesses in Nigeria to help cover unexpected expenses or urgent cash needs.

    With Paylater, you can access up to 500,000 Naira loan with no collateral. Once your application is approved, funds are typically received within 1 – 3 business days. Making on-time repayments can grant you access to higher credit limits for your next loan.

    Download the Paylater App to get quick and flexible loans at affordable rates.

    paylater nigeria website

    2. Palmcredit

    PalmCredit is a virtual credit card that makes it easy for you to access a loan anytime and anywhere. Palmcredit offers loans of up to ₦100,000 within minutes on your mobile phone.

    With PalmCredit getting a mobile loan is simple. Apply for your credit limit in minutes, then take as many instant loans as you need without further approval steps. It’s a credit revolution!
    As soon as you repay, your credit score is updated. Repay on time and watch your limit grow to N100,000.

    Download the Palmcredit App to get instant and flexible loans at affordable rates.

    palmcredit app nigeria

    3. Branch

    Branch is a simple yet powerful mobile loan app in Nigeria and Kenya. Getting quick and instant loans on Branch App is so fast and easy. It will help you sort out your financial issues in real time.

    Branch offers loans from ₦1,500 to ₦150,000. Loan terms range from 4 – 64 weeks. Interest ranges from 14% – 28% with an equivalent monthly interest of 1% – 21%, depending on selected loan option.

    Download Branch App for access to quick and instant loans.

    branch app nigeria

    Also Read: How to get funds for your small business.

    4. QuickCheck

    QuickCheck is a modern lending platform for individuals and small businesses. QuickCheck uses mobile technology to enable individuals and small businesses to gain access to financial credit.

    According to the platform, users can access quick and hassle-free loans of up to 30,000 Naira without any collateral for a duration of either 15 or 30 days.

    You can get the QuickCheck App on Google Playstore.

    quickcheck nigeria website

    5. Aella Credit

    Aella Credit is building platforms that make it easier for individuals in Africa to gain access to financing. Mainly focused on employee lending and empowerment, the company was affiliated with three main credit bureau agencies in Nigeria to provide quick and affordable loans with no paperwork to its customers.

    Aella Credit uses a proprietary credit scoring algorithm to determine the creditworthiness of its users. The algorithm, which was built after the team gathered over five years of market data and analysis, processes an applicant’s eligibility for a loan by considering social and demographic factors as well as their debt to income ratio.

    Download Aella Credit App now to get started.

    aellacredit nigeria website

    Also Read: Five profitable items that will always sell in Nigeria.

    6. FairMoney

    FairMoney offers short-term loans to help cover for urgent needs, bills, business and much more. They give access to loans at any time and anywhere with our loan application within 5 minutes.

    FairMoney packages include personal loan, education loan etc. With the effective use of technology, they are able to provide a speedy and efficient loan app to customers.

    fairmoney loan app nigeria

    7. KiaKia

    KiaKia is a mobile web app that gives you access to personal and small business loans and also enables savers to lend out funds at negotiated interests through intuitive conversations.

    KiaKia utilizes psychometry, big-data, machine learning and digital forensics for its proprietary credit scoring and credit risk assessment algorithm to provide direct and peered personal and business loans to millions of individuals and SMEs without credit information.

    Click here to visit Kiakia mobile web app.
    kiakia nigeria website

    Conclusion.

    While most of these platforms claim to offer quick loans without any collateral, it is advisable to carefully study their Terms & Conditions (T&C) before throwing in an application.

    Another factor to consider is the interest rate and payback period. As a business, you will not want to go in for loans with a very short payback period except you very sure you will earn back the money in no-time.

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    #1416630 Reply
    sweetsweet
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    ok

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    #1416665 Reply
    timsontimson
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    Thanks for notifying

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    #1416666 Reply
    timsontimson
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    #1416739 Reply
    FrancizoFrancizo
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    Okay

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    #1416796 Reply
    sheegokeyssheegokeys
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    Why I don’t like all this quick loan apps, their payback time is too soon.
    And their interest rates sef ehn

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    #1416982 Reply
    β“žβ“β“”β“β“›32β“žβ“β“”β“β“›32
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    All na wash believe me…

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