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Most often, many individuals and business owners might need extra cash to handle some financial issues around them. In times like this, when all means of getting money have 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 lengthy and tedious for any individual who is only looking to access a small loan for a short period. Thanks to the Fintech revolution in Nigeria, online lending startups are making it easy for businesses and individuals to access quick loans when needed.

Here is a list of Nigeria’s top 10 mobile apps for online business and personal loans.

1. RenMoney

Renmoney is a lending company that operates as a microfinance bank in Nigeria. The company prides itself as the most convenient online lending company for businesses and individuals in Nigeria. It provides convenient loans to meet needs like growing your small business, renovating your home, buying a new car, paying rent, school fees, medical bills, etc. You can get up to 6 million Naira for up to 24 months.

Download the RenMoney App to get instant access to credit.

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2. Carbon

Formally known as PayLater, Carbon 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 Carbon, you can instantly access up to a 1,000,000 Naira loan without 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 Carbon App to get quick and flexible loans at affordable rates.

3. Palmcredit

PalmCredit is a virtual credit card that makes it easy 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. 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.

4. 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% to 28%, with an equivalent monthly interest of 1% to 21%, depending on the selected loan option.

Download Branch App for access to quick and instant loans.

5. 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.

6. Aella

Aella is building platforms that make it easier for African individuals to access 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, 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 and their debt-to-income ratio.

Download Aella App now to get started.

7. Lendigo

Lendigo is an SME finance provider that offers Nigerian SMEs easy, fast, and flexible access to working capital according to their business requirements and suited to their finance needs. With Lendigo, you can access business loans from 100,000 Naira up to 1,000,000 Naira.

By installing our Loan App on your smartphone, you can easily apply for a loan at a very low-interest rate and get it credited straight into your bank account, even if your business is not registered.

Download Lendigo App now to get started.

8. FairMoney

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

FairMoney packages include personal loans, education loans, business loans & more. With the effective use of technology, they can provide a speedy and efficient loan app to all our esteemed customers.

9. 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.

10. OKash

OKash is a micro-lending platform presented by Blue Ridge Microfinance Bank Limited. It gives its registered users access to quick collateral-free loans as long as they meet the requirements. You can get loans from 3,000 Naira to 500,000 Naira.

OKash provides loans 24/7, and the whole process is entirely online. Users can download OKash from Google Play and set up their loan account in seconds, select their preferred bank account, link their active bank card for repayment, fill out a set of questions, and get a decision on their loan application in minutes with paperless.

Download the OKash App to get started.

Loan apps that can give more than 100k in Nigeria

There are tens of loan apps in Nigeria today that functions well, providing small scale loans for customers who need them. However, for a while, people who need loans above the 100k mark found it difficult, as many apps do not offer up to that. If you are one, this article puts your search to an end as it discusses loan apps that can give more than 100k in Nigeria.

What are the loan apps that can give more than 100k in Nigeria?

The tested and trusted applications that can give more than 100k in Nigeria are:

Carbon (formerly Paylater):

Carbon is a rapid loan service available to you through your mobile phone. Also, they have two major packages available to salary earners only, and another for everyone else. Furthermore, you can use the app in paying other bills including recharge cards and PHCN.


Branch is an app that offers you a loan with no collateral. In reality, all you need to do is to register by providing your personal details. After registration, you can borrow as low as N1,000 or as high as N200,000 with considerable interest.

Get a loan up to N100,000 at the best affordable rates in Nigeria

Aella credit:

This app makes it easier for individuals looking for quick cash to gain access. Furthermore, it focuses on employees with a stable income and is affiliated with different credit bureaus in Nigeria. This is because they make use of an algorithm to determine your creditworthiness before approving loans.


Quick, easy, and stress-free like its name kiakia, which means fast in Yoruba. This loan app offers you up to N200,000 with varying interest rates depending on the nature of the loan. Also, the term is within 7 to 30 days.


Although not very popular, xcredit is one of the top loan apps in Nigeria that has put together a good loan package for customers. Currently, they offer a minimum loan of N2,000 and a maximum of N500,000. Also, their loan range spans about 5 months and they do not require a collateral. However, you are expected to provide your bank account details.

9ja cash:

Just like xcredit, 9ja cash is an application that is not well known, but works absolutely well. They allow you to borrow up to a whopping N300,000, for a tenor of 180 days. However, their interest rate could be quite exorbitant as it spans between 1% and 34%.

Honorary mentions include: Palmcredit, 9credit, lend me, and Sokoloan. However, we did not include them on our list because they offer a maximum loan of 100K at the time of this writing. Although things could change in the future, they do not exactly fit into the requirement of this article. However, they are reliable and can be trusted to use.

To make a thorough and informed decision before deciding on a loan app, make use of this loan comparison platform that allows you to weigh the pros and cons of the different app offers within minutes. This ensures that as much as possible, you’re only going for the offer that works best for you.