Are you looking for quick cash in Nigeria? Check out these top 10 loan apps that can be accessed on Android or iOS smartphones. With Nigeria's growing fintech industry, borrowing money has been a lot easier.

If you're heavily in need of fast cash, don't worry! There are many loan apps available to help you out. In this article, we'll review the top 10 loan apps in Nigeria to help you choose the right one.

What Is a Loan App?

A loan app is a mobile application that allows users to apply for and receive loans directly on their mobile devices, such as smartphones or tablets. These apps are typically offered by financial institutions, peer-to-peer lending platforms, or other lending companies.

Loan apps simplify the loan application and approval process, as users can apply for a loan anytime and anywhere, without having to physically visit a bank or lending institution. 

The app typically allows users to fill out an application form, upload any necessary documents, and receive a loan decision within a short period of time. If the loan is approved, the funds are usually deposited directly into the user's bank account.

List of the Top 10 Loan Apps in Nigeria

Are you struggling on choosing the best loan app to rely on? If this is your case, worry no more as we at Investingport have researched through the internet and customer reviews to list the top 10 loan apps in Nigeria. Check below for more details!

(1). Carbon Loan App

Carbon is a mobile loan app that provides instant online lending services in Nigeria. It is a digital financial platform that offers quick, accessible loans to individuals and small businesses in Nigeria.

Steps on How to Register for a Carbon Account and Apply for a Loan

1. Download the Carbon app on your Android smartphone or tablet from the Google Play Store.

2. Once you have installed the app, open it and click on the "Create an account" button to register.

3. You will be required to provide some personal information such as your name, phone number, and email address to create an account.

4. After registration, you can log in to the app and complete your profile by providing additional details such as your employment status, monthly income, and bank account information.

5. Once you have completed your profile, you can apply for a loan by selecting the loan amount and the repayment period that suits you.

6. If your loan application is approved, the funds will be disbursed directly into your bank account within a few hours.

To be eligible for a loan on Carbon, you must have a steady source of income, a valid bank account, and a means of identification. Carbon uses your credit score, income, and other factors to determine your eligibility for a loan and the amount you can borrow.

(2). Fair Money App

FairMoney is a mobile loan app that provides instant online lending services in Nigeria. It is a digital financial platform that offers quick, accessible loans to individuals and small businesses in Nigeria.

Steps on How to Register for a Fair Money App Account and Apply for a Loan

1. Download the FairMoney app on your Android smartphone or tablet from the Google Play Store.

2. Once you have installed the app, open it and click on the "Create an account" button to register.

3. You will be required to provide some personal information such as your name, phone number, and email address to create an account.

4. After registration, you can log in to the app and complete your profile by providing additional details such as your employment status, monthly income, and bank account information.

5. Once you have completed your profile, you can apply for a loan by selecting the loan amount and the repayment period that suits you.

6. If your loan application is approved, the funds will be disbursed directly into your bank account within a few hours.

To be eligible for a loan on FairMoney, you must have a steady source of income, a valid bank account, and a means of identification. FairMoney uses your credit score, income, and other factors to determine your eligibility for a loan and the amount you can borrow.

(3). Palm credit app

Palmcredit is a mobile loan app that provides instant online lending services in Nigeria. It is a digital financial platform that offers quick, accessible loans to individuals and small businesses in Nigeria.

Steps on How to Register for a Palm credit app Account and Apply for a Loan

1. Download the Palmcredit app on your Android smartphone or tablet from the Google Play Store.

2. Once you have installed the app, open it and click on the "Sign Up" button to register.

3. You will be required to provide some personal information such as your name, phone number, and email address to create an account.

4. After registration, you can log in to the app and complete your profile by providing additional details such as your employment status, monthly income, and bank account information.

5. Once you have completed your profile, you can apply for a loan by selecting the loan amount and the repayment period that suits you.

6. If your loan application is approved, the funds will be disbursed directly into your bank account within a few hours.

To be eligible for a loan on Palmcredit, you must have a steady source of income, a valid bank account, and a means of identification. Palmcredit uses your credit score, income, and other factors to determine your eligibility for a loan and the amount you can borrow.

(4). Branch Loan App

Branch is a mobile loan app that provides instant online lending services in Nigeria. It is a digital financial platform that offers quick, accessible loans to individuals and small businesses in Nigeria.

Steps on How to Register for a Branch Loan App Account and Apply for a Loan

1. Download the Branch app on your Android smartphone or tablet from the Google Play Store.

2. Once you have installed the app, open it and click on the "Get Started" button to register.

3. You will be required to provide some personal information such as your name, phone number, and email address to create an account.

4. After registration, you can log in to the app and complete your profile by providing additional details such as your employment status, monthly income, and bank account information.

5. Once you have completed your profile, you can apply for a loan by selecting the loan amount and the repayment period that suits you.

6. If your loan application is approved, the funds will be disbursed directly into your bank account within a few hours.

To be eligible for a loan on Branch, you must have a steady source of income, a valid bank account, and a means of identification. Branch uses your credit score, income, and other factors to determine your eligibility for a loan and the amount you can borrow.

(5). Kwikmoney (Migo)

Kwikmoney, now known as Migo, is a mobile loan app that provides instant online lending services in Nigeria. It is a digital financial platform that offers quick, accessible loans to individuals and small businesses in Nigeria.

Steps on How to Register for a Kwikmoney Account and Apply for a Loan

1. Download the Migo app on your Android smartphone or tablet from the Google Play Store.

2. Once you have installed the app, open it and click on the "Sign Up" button to register.

3. You will be required to provide some personal information such as your name, phone number, and email address to create an account.

4. After registration, you can log in to the app and complete your profile by providing additional details such as your employment status, monthly income, and bank account information.

5. Once you have completed your profile, you can apply for a loan by selecting the loan amount and the repayment period that suits you.

6. If your loan application is approved, the funds will be disbursed directly into your bank account within a few hours.

To be eligible for a loan on Migo, you must have a steady source of income, a valid bank account, and a means of identification. Migo uses your credit score, income, and other factors to determine your eligibility for a loan and the amount you can borrow.

(6). Quick Check

QuickCheck is a mobile loan app that provides instant online lending services in Nigeria. It is a digital financial platform that offers quick, accessible loans to individuals and small businesses in Nigeria.

Steps on How to Register for a Quick Check Account and Apply for a Loan

1. Download the QuickCheck app on your Android smartphone or tablet from the Google Play Store.

2. Once you have installed the app, open it and click on the "Create Account" button to register.

3. You will be required to provide some personal information such as your name, phone number, and email address to create an account.

4. After registration, you can log in to the app and complete your profile by providing additional details such as your employment status, monthly income, and bank account information.

5. Once you have completed your profile, you can apply for a loan by selecting the loan amount and the repayment period that suits you.

6. If your loan application is approved, the funds will be disbursed directly into your bank account within a few hours.

To be eligible for a loan on QuickCheck, you must have a steady source of income, a valid bank account, and a means of identification. QuickCheck uses your credit score, income, and other factors to determine your eligibility for a loan and the amount you can borrow.

(7). AellaCredit

AellaCredit is a Nigerian-based fintech company that provides loans, savings, and insurance products to individuals and small businesses through its mobile app. The company aims to use technology to make financial services more accessible and affordable to everyone.

Steps on How to Register for an AellaCredit Account and Apply for a Loan

1. Download the AellaCredit mobile app from the Google Play Store or Apple App Store.

2. Open the app and click on "Create an account".

3. Fill in the required personal and financial information, including your name, phone number, email address, and bank account details.

4. Verify your identity by providing your BVN (Bank Verification Number) and uploading a valid form of ID.

5. Once your account is approved, you can apply for a loan by selecting the loan amount and repayment period that suits you.

6. AellaCredit will review your application and let you know if you are eligible for a loan.

7. If approved, the loan amount will be disbursed to your bank account within a few hours.

Note that to be eligible for a loan with AellaCredit, you must be at least 18 years old, have a Nigerian bank account, and have a regular source of income.

(8). Kia Kia Loans

KiaKia Loans is a Nigerian online lending platform that provides loans to individuals and small businesses. The platform uses artificial intelligence and machine learning algorithms to analyze borrowers' creditworthiness and offer them loans at competitive interest rates.

Steps on How to Register for a Kia Kia Loans Account and Apply for a Loan

1. Go to the KiaKia Loans website at https://kiakia.co/.

2. Click on "Register" on the top right corner of the page.

3. Fill in your personal and financial information, including your name, phone number, email address, and bank account details.

4. Verify your identity by providing your BVN (Bank Verification Number) and uploading a valid form of ID.

5. Once your account is approved, you can apply for a loan by selecting the loan amount and repayment period that suits you.

6. KiaKia Loans will review your application and let you know if you are eligible for a loan.

7. If approved, the loan amount will be disbursed to your bank account within a few hours.

Note that to be eligible for a loan with KiaKia Loans, you must be at least 18 years old, have a Nigerian bank account, and a regular source of income. Additionally, the platform may require you to provide additional documentation or information to assess your creditworthiness.

(9). Credit Ville

Credit Ville is a Nigerian-based digital lending platform that provides quick and convenient loans to individuals and businesses. The platform uses technology to make the loan application process fast, simple and accessible.

Steps on How to Register for a Credit Ville Account and Apply for a Loan

1. Go to the Credit Ville website at https://creditville.ng/.

2. Click on "Apply Now" on the top right corner of the page.

3. Fill in your personal and financial information, including your name, phone number, email address, and bank account details.

4. Verify your identity by providing your BVN (Bank Verification Number) and uploading a valid form of ID.

5. Once your account is approved, you can apply for a loan by selecting the loan amount and repayment period that suits you.

6. Credit Ville will review your application and let you know if you are eligible for a loan.

7. If approved, the loan amount will be disbursed to your bank account within a few hours.

Note that to be eligible for a loan with Credit Ville, you must be at least 18 years old, have a Nigerian bank account, and a regular source of income. Additionally, the platform may require you to provide additional documentation or information to assess your creditworthiness.

(10). Renmoney

Renmoney is a Nigerian-based fintech company that provides loans, savings, and investment products to individuals and small businesses. The company aims to use technology to make financial services more accessible and affordable to everyone.

Steps on How to Register for Renmoney Account and Apply for a Loan

1. Go to the Renmoney website at https://www.renmoney.com/.

2. Click on "Apply Now" on the top right corner of the page.

3. Fill in your personal and financial information, including your name, phone number, email address, and bank account details.

4. Verify your identity by providing your BVN (Bank Verification Number) and uploading a valid form of ID.

5. Once your account is approved, you can apply for a loan by selecting the loan amount and repayment period that suits you.

6. Renmoney will review your application and let you know if you are eligible for a loan.

7. If approved, the loan amount will be disbursed to your bank account within a few hours.

Note that to be eligible for a loan with Renmoney, you must be at least 22 years old, have a Nigerian bank account, and a regular source of income. Additionally, the platform may require you to provide additional documentation or information to assess your creditworthiness.

How to Report Loan Apps in Nigeria

To report Nigerian loan app complaints to the authorities, use the following teps:

1. Loan app customer service: Explain your issues to the lending app's customer care. The app or website generally has their contact information.

2. Contact the CBN: If the loan app doesn't answer your problems, you can contact the Central Bank of Nigeria. (CBN). The CBN regulates Nigerian financial institutions and can review loan app complaints. You can call or email them.

3. Contact Consumer Protection Council: Nigeria's CPC safeguards consumer rights. If the lending app breached consumer protection laws, notify them. Visit their website or call them.

Before filing a lawsuit, you should try to fix any loan app concerns with customer support. You can escalate unresolved complaints to the proper authorities.

How to Stop Loan App From Accessing Your Bank Account

For the sake of privacy, it’s important to block any unauthorized entry into your bank app. If you’ve suffered this in the past, then check the following steps below to stop loan apps from accessing your bank account:

1. Go to your Settings on your Android or iOS device.

2. Navigate to the Apps Manager.

3. Click on Apps permission.

4. Select the loan app in question.

5. Now, deny or allow them access.

How to Block Loan Apps

To block loan apps, check the following steps:

1. Go to Settings on your phone.

2. Open Apps under settings.

3. Click on Permissions.

4. Select Contacts under permissions.

5. Choose the loan app to disable and remove permissions.

How to Stop Loan Apps From Calling Your Contact

To prevent loan apps from calling your contact, follow these steps:

1. Go to your Settings on your Android or iOS device.

2. Navigate to the Apps Manager.

3. Click on Apps permission.

4. Select the loan app in question.

5. Now, deny or allow them access.

How to Hack Loan Apps

Funny enough, there’s no way to hack loan apps. The hack you can do is to pay your debt so they can stop disturbing you. 

Conclusion

In conclusion, Loan Apps have helped a lot of persons get through difficult times, while others sees it as a way of cashing-out effortlessly. It’s important to understand that this Loan Apps are business who have come to assist the average humans, so paying back with evil will do us no such good. However, the highlighted 10 loan apps listed in this article are the best. Check them out if you need loan!