Recently updated on November 17th, 2023 at 02:50 pm
Last Updated on November 17, 2023
In Nigeria, many people find themselves in need of financial assistance at one point or another. This may be due to unforeseen expenses, emergencies, or simply the need to invest in a business or personal project. Fortunately, there are several Legit loan apps in Nigeria that can provide quick and convenient access to loans.
Legitimacy is the cornerstone of any financial transaction, and this list of legit loan apps in Nigeria understands that well. They adhere to regulations, ensuring your financial transactions are not just swift but secure.
In this article, we’ll be highlighting 20 of these loan apps in Nigeria and what makes them legit. As we delve into the specifics of each loan app, you’ll be able to pick the ones most suitable for you. Whether you’re a first-time borrower or a seasoned financial navigator, this list of legit loan apps in Nigeria is designed to meet your unique needs.
1. Carbon
Carbon is one of the most popular and legit loan apps in Nigeria. It is known for its quick loan disbursement and flexible repayment plans. Carbon offers loans ranging from N1,500 to N1 million with interest rates starting at 5%.
To qualify for a loan on Carbon, you need to have a bank account, a steady source of income, and a valid means of identification.
2. FairMoney Loan
FairMoney is another legit loan app in Nigeria that offers instant loans to individuals and small business owners.
With FairMoney, you can access loans of up to N1,000,000 with interest rates starting at 10%. The loan application process is straightforward, and funds are disbursed within minutes of approval.
Read Our Fairmoney Loan Review>>
3. PalmCredit Loan
PalmCredit is a loan app that offers quick loans to individuals and small businesses.
With PalmCredit, you can access loans of up to N100,000 with interest rates starting at 14%. The app has a user-friendly interface and a quick loan application process.
To qualify for a loan on PalmCredit, you need to have a valid bank account and a steady source of income.
See: Reliable Loan Apps in Nigeria
5. Renmoney Loan App
Renmoney is a legit loan app in Nigeria that provides loans of up to N6 million to individuals and small businesses.
The loan application process on Renmoney is simple and straightforward, and funds are disbursed within 24 hours of approval. Interest rates on Renmoney loans start at 4.5%.
Read the Renmoney Loan Review>>
6. Kiakia
Kiakia is an online lending platform that offers quick loans to individuals and small businesses.
With Kiakia, you can access loans of up to N200,000 with interest rates starting at 5.6%. The loan application process is simple, and funds are disbursed within 24 hours of approval.
Also See: Top Approved Loan Companies in Nigeria
7. Aella Credit
Aella Credit is a loan app that offers loans of up to N720,000 to individuals and small businesses.
The loan application process on Aella Credit is straightforward, and funds are disbursed within 24 hours of approval. Interest rates on Aella Credit loans start at 4%.
8. Specta Loan
Specta is an online lending platform that provides loans of up to N5 million to individuals and small businesses.
The loan application process on Specta is straightforward, and funds are disbursed within minutes of approval. Interest rates on Specta loans start at 1.5%.
Checkout: Best Instant Loan Apps without BVN in Nigeria
9. Branch Loan
Branch is a loan app that provides loans of up to N200,000 to individuals and small businesses.
The loan application process on Branch is simple, and funds are disbursed within minutes of approval. Interest rates on Branch loans start at 15%.
10. QuickCheck
QuickCheck is a loan app that provides loans of up to N30,000 to individuals and small businesses.
The loan application process on QuickCheck is straightforward, and funds are disbursed within minutes of approval. Interest rates on QuickCheck loans start at 1%.
11. C24
C24 is a legit loan app that offers loans of up to N7 million to individuals and small businesses.
The loan application process on C24 is simple, and funds are disbursed within 24 hours of approval. Interest rates on C24 loans start at 4%.
Also See: Top New Loan Apps in Nigeria
12. Zedvance
Zedvance is a legit loan app that provides loans of up to N5 million to individuals and small businesses.
The loan application process on Zedvance is straightforward, and funds are disbursed within 24 hours of approval. Interest rates on Zedvance loans start at 4%.
13. FINT
FINT is a legit loan app that provides loans of up to N10 million to individuals and small businesses.
The loan application process on FINT is simple, and funds are disbursed within 24 hours of approval. Interest rates on FINT loans start at 3%.
14. Credit Direct
Credit Direct is a loan app that provides loans of up to N500,000 to individuals and small businesses.
The loan application process on Credit Direct is easy, and funds are disbursed within 24 hours of approval. Interest rates on Credit Direct loans start at 4%.
See: Best Loan Apps for Iphone in Nigeria
15. Page Financials
Page Financials is a legit loan app that offers loans of up to N5 million to individuals and small businesses.
The loan application process on Page Financials is straightforward, and funds are disbursed within 24 hours of approval. Interest rates on Page Financials loans start at 5%.
16. Lidya
Lidya is a legit loan app that provides loans of up to N50 million to SMEs.
The loan application process on Lidya is straightforward, and funds are disbursed within 24 hours of approval. Interest rates on Lidya loans start at 1.16%.
17. Rosabon Finance
Rosabon Finance is a loan app that provides personal and business loans of up to N6 million to individuals and SMEs.
The loan application process on Rosabon Finance is straightforward, and funds are disbursed within 24 hours of approval. Interest rates on Rosabon Finance loans start at 4%.
18. Zedcrest Capital
Zedcrest Capital is a legit loan app that provides loans of up to N10 million to individuals and SMEs. The loan application process on Zedcrest
Capital is easy, and funds are disbursed within 24 hours of approval. Interest rates on Zedcrest Capital loans start at 4%.
19. Migo
Migo is a loan app that provides personal loans of up to N500,000 to individuals.
The loan application process on KwikMoney is straightforward, and funds are disbursed within minutes of approval. Interest rates on.
20. EaseMoni
Easemoni is a secure and safe loan app that offers instant loans in Nigeria. You can get an Easemoni loan in a few minutes, you can also cancel the loan application in 24 hours.
Easemoni uses the data from your phone including your financial transaction messages, and your reason for borrowing is combined with your loan repayment history to build an individualised credit score and determine whether you’re eligible for a loan or not.
The interest rate for an Easemoni loan depends on your credit evaluation by the app as well as your product loyalty.
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