Top 5 Most Trusted Loan Apps in Nigeria

There are several loan Apps in Nigeria which are available on the mobile app store, sourcing for the most reliable ones can be so tedious.

Most Trusted Loan Apps in Nigeria is one major piece of information every business owner or individual must have access to, especially when the facility is needed. There are several loan applications on the App Store and Play Store, getting the most trusted and reliable one can cost a whole lot of time and data.

most trusted loan apps in Nigeria

These loan apps are free to download and no collateral or registration fee is needed to access these loans, all you need is your smartphone and internet connection. You would also need to have basic information about yourself, your BVN, and any form of an identification card with you.

Most Trusted Instant Loan Apps in Nigeria

Here is the list of the top 5 most trusted loan apps in Nigeria for download via App or Play store;

1. Fairmoney

Fairmoney is one of Nigeria’s most trusted loan apps in Nigeria and a reliable source for instant or quick loans, their method of application is quick, fast, and easy. All you have to do is signup with the phone number associated with your BVN, create a 4 unique digit pin, and verify your phone number.


You try to fill in all the details required accurately then you apply, it shouldn’t take up to 5 minutes to get the total amount of money you can borrow at that time. Borrowing amounts may differ from time to time based on credit score and account statements.

The interest rate on their loans is pretty low, discounts are offered on quick payments of the loan. According to the finance lender, a total of 500,000 naira can be borrowed on the app for up to 6 months.

2. Carbon

Carbon is yet another most reliable source for instant loans especially small loans needed for urgent reasons or business. You can borrow as low as 5,000-10,000 naira for about 7-15 days in just 5 minutes, making them among the reliable platform for quick and instant loans.

Carbon Loan

The procedure is very much easy by following the instruction and completing all the verification processes to access the loan. You link your bank and card details, they verify the details and you get your alert immediately after the audit has been passed on your loan.

it has a 0% interest rate but the origination fee can be actually attributed to the interest, repayment of loans at due dates attracts a good credit score which makes you eligible for higher loans.

3. Branch

Branch offers short and long-term loans within the range of 91-180 days their app was among the numerous apps we tested and their loans are quite reliable. It’s one of the easiest platforms for getting verification and approval by completing all the information needed.


The interest rate is calculated at 12% appraisal against the total amount borrowed and the individual must be at least 18 years of age before the loan can be approved. After a successful application, the loan would be sent to you directly to your bank account registered.

first, likely payment is around the range of 4000 to 5000 naira after which one can build his/her creditworthiness and loan even up to 500,000 naira.

4. Quick Check

Quick Check is one reliable loan app I can guarantee you which is aimed at providing personal loans during emergencies. Download the app and leave the app installed on your smartphone for at least 30 days and apply for a loan without any guarantor.


Your application would be seamless and smooth with their single-digit interest rate you can have access to the loan anytime or anywhere. Just download the app and apply when you need the money you get credited instantly although when we tried it took quite some while.

The fintech company is aimed at providing banking and commercial service to the underserved by providing loans for business growth, medical bills, and any form of emergencies, making it among the most trusted loan apps in Nigeria.

5. Kuda

Kuda has raked up among the top 5 most trusted Loan Apps in Nigeria with one of the lowest application times of at most 3 minutes with a good internet connection. You get credited within 3 minutes upon loan approval without even too many questions.


if you are between the age of 20-55 years old and I’ve got a fixed job, then you are good to go, just download the app from your mobile application store and apply, it’s that simple!

Their interest rate is about 4.5% making them one of the least platforms with the lowest interest rate.

Kindly note that this article is not a sponsored article as our list is drawn up based on testing, review, and feedback. We do not facilitate any loan approval on our website.

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Your family or friends might fail you in times of emergency or in need of a particular amount of money, you can definitely bank on these apps if you maintain a good credit score with them. You can also help by sharing with loved ones and friends. Cheers!

Pamilerin Coker

Pamilerin Coker is a digital entrepreneur with a keen interest in Marketing, Public Relations, and Media. He's the lead digital strategist and owner of Havgate Digital, a subsidiary of his parent company, Havgate Group.

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