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Technology has brought us many benefits in this generation, there is no doubt about that, but one of the foremost benefit of technology in our world today, is the ability to make money easily and also to get access to money, grants, ad loan within a short period of time, in this article, I will be focusing on how you can easily gain access to quick loan Online.

Are you in need of money urgently? Then this information is for you, it will help you and guide you on how get loan easily online, do you know you can get loan up to 5million online? It will amaze you to know you can get it easily and conveniently from the comfort of your house. This can go a long way to meet your urgent need and also remove the stress of printing document, bringing guarantor and all those stress associating with various microfinance firms.

List of best Loan Apps in Nigeria;

The Apps I will be mentioning in this article have low interest rate, they don’t charge you exorbitantly, they also don’t need your collateral or paperwork before they give you a loan. This can go a long way to help you financially and also boost your Businesses.

There are some requirement you need to meet but they are not outrageous, also if you pay back on time, you are qualify to get bigger loans with larger time frame for repayment, before I mention the loan apps, let me list the major things you will need before you can secure a loan from these companies;

  • Your BVN
  • Your Phone Number that I linked to your BVN
  • Your account number/ name of the bank.
  • Your Full name, passport/selfie, location address.
  • Job/employment or if you are self employed.
  • Income/Salary amount.
  • Your ATM Card and other things.

Most of these apps requires that you install the app on your phone, which will help the company to run a background check on your eligibility and to confirm If the information you submitted are correct, before they can release the loan, these procedures are necessary, because the loan s been given based on trust.

The Top 5 Loan Apps in Nigeria;

  1. Fairmoney: The first time I got #100,000 in few mins, it was from fairmoney, I was so surprised, I have used them before, but I uninstall the app, but that day, I needed money urgently and so I decided to download the app again, within maybe 10mins, I was credited with #100,000. I was so excited, this is how easy it is to get loan from Fairmoney. Fairmoney can give you up to 500,000 loans all from your phone to your bank account. You don’t need any collateral, they have both personal and business loan, you just need to download the app, sign up and apply for the loan from there.

They can give you from #1500 to #500,000 and they can give 1 to 5months for repayment of the loan. The interest rate is 10 to 30%.

How to apply for the loan;

  1. Download the app from playstore
  2. Sign up with your phone number linked to your BVN,
  3. Answer a few questions and confirm your identity, fill your income/salary amount, your Business and employment status.
  4. Select the loan amount you want and it will be determined in 5mins, if you are quality for that amount or for a lesser amount, after this, you money will be credited to your account.
  5. Carbon (Paylater) : I have been using paylater since I was in the university, but now they have improved on their service and even the amount of loan given to their customers is higher than before. Their name was paylater before, but last year it was changed to carbon. Carbon has been running as a loan company in Nigeria, even before many others started in the industry. Their speed of lending is very fast, and you can apply at any time in Nigeria.

Carbon offers small loan to first timers and then, increases with time;

Loan amount: #1500 to #1,000,000 (for a start).

Loan duration: ranges from 15days to 10months.

Interest rate : 1 to 21%.

How to Apply;

  • Download the App on playstore, or iOS app store.
  • Fill in your profile details and all that is required of it, ensure they re true.
  • Request for a loan and enter the amount you need, the system will generate the amount you are qualified for at the moment, and then you will be credited immediately.
  • Quick check : Just as the name implies, they run a swift loan for their customers, download the app and fill your details and you will get your loan in a jiffy. They give small but fast loan, without collateral or any stressful requirement. You can access the loan by downloading the app on Google playstore or from their website, sign up and choose the amount you want, however the system will generate the amount that is consider fit for you at that time, as you repay on time, you will be qualify for a bigger amount.

How to Apply;

Download the app from playstore, fill your details and sign up.

Apply for the loan, which will later be adjusted for you, thereby giving you the amount that you are qualified for at first, immediately your loan is approved, you will get the alert in few mins.

  • Branch:  This is also one of the early loan App in Nigeria, they have been in the business for a longtime, if others don’t offer you loan, for whatsoever reason, you can be sure, branch will give you the loan.  Though branch doesn’t give big money like that, but they have a fair interest rate. The good thing is, you can increase the loan amount later by paying back your loan early enough.

Trust me; Branch is reliable and trustworthy when it comes to securing soft loan for urgent needs. They give between #1000 to #500,000 Loans, and the duration of the loan is between 3weeks to 15months as the case maybe. To get started, download the app from Playstore, register and sign up, with your details like phone number, business/ employment status, BVN and all that is necessary so that you can be qualify for the loan.

  • Aella Credit: Aella is one of the super good loan app in Nigeria that gives quick loan cash via their app to Nigerian without stress, they also have fantastic interest rate that will not kill you, after your applicable, you get your funds in a matter of minutes.

Aella credit app is available on playstore, you can see they have such a huge download on the playstore, they really make it easy for Nigerians to access loan, you don’t need any document or collateral to get their loan.

They offer between #1500 to #4,000,000 and the loan duration is between 1month to 1year.

To Get started with Aella;

  • Download the app on Google playstore.
  • Fill the form with your details to create your profile and register, with your email, BVN and other necessary information, please ensure your information are correct, so that you can get the loan.
  • Check your eligibility status to see the amount of money you can borrow (it always start with a small amount that increases over time).
  • Apply for the loan and in few minutes, you will be credited, it is that fast, easy and simple.

So those are the list of various available loan app opportunity in Nigeria with which you can easily get and access quick cash when you are in need, please endeavor to pay them right early, so that you can get bigger amount in the future, and also remember they are into business and not charity, they have come to make life easy and better for Nigerians, you don’t need to undergo the bottle neck processing of securing a bank loan when these ones are there.

I hope you find this article useful, kindly share with friends and family.

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