Best loan apps in Nigeria with low interest rate you can apply for

Are you looking for other convenient and reliable loan solutions? Look no further. The loan apps that will be discussed in this article, are just for you.  These innovative loan apps offer seamless user experiences and a wide range of loan options to meet your financial needs.

Whether you’re in need of a quick payday loan or a flexible personal loan, these loan app have got you covered. With their user-friendly interfaces and fast approval processes, applying for a loan has never been easier.

Experience the convenience and efficiency of the loan apps that will be further highlighted in this article and take control of your financial future.

The most fascinating thing about the loan apps mentioned in this article is that they are unsecured. You might ask HOW?

Unsecured loans are monetary loans that are not secured against the borrower’s assets. These may be available from financial institutions under many different guises or marketing packages:

  • Credit cards
  • Personal loans
  • Bank overdrafts
  • Credit facilities or lines of credit
  • Corporate bonds (may be secured or unsecured)
  • Peer-to-peer lending

The interest rate attached to this type of loan vary depending on the lender and the borrower. These may or may not be regulated by law

                            Source: Wikipedia

Some of other good loan apps in Nigeria are

1. Cashace loan app

2. Surecredit loan app

3. Naira9ja loan app

4. Flypay loan app

5. Xcash loan app

6. Secucash loan app

7. Kashcash loan app

8. Ease Cash loan app

9. Lairaplus loan app

10. Aim loan app

11. WeCredit loan app

12. Cashbus loan app

13. Oxloan pro loan app

14. Lucky loan app

15. SparkCredit loan app

16. Swiftkash loan app

17. Okash loan app

18. BG loan app

19. Newcredit loan app

20. Xcrosscash loan app

Note: These loan apps has been confirmed to be credible as at the time this article was written. For more info, visit our Disclaimer and Privacy policy page.

Further, these app are not regulated by the central bank of Nigeria in any way.

 

In this article, we are going to give an overview or a review of each of these loan apps mentioned above. By the end of this article, you will come to know their requirements, interest rates, loan term, and customer care service.

If you need an urgent review about a particular loan app, you can use the table of contents to select the particular app and then read about it.

1. Cashace loan app

CashAce is an Online loan in Nigeria that give out loans to customers who are eligible. Read through the article to find out requirements and steps to get instant loan approval from CashAce loan app. The loan app promise not to share user information with other organizations, which means your information is secured with them.

Not only that, you will come to know a lot of safe and good loan apps in Nigeria, in which you can borrow money and pay back later. You will see their requirements, interest rate and how to apply for the loan.

 

With CashAce Loan app, you get 24×7 access to loans with intelligent online process.

CashAce Loan Amount

They offer NGN 10,000 to NGN 50,000 at first application.

Loan Tenure

91days ~ 365days

Note that Computer automatically reviews the loan and there is no need to wait. Further, Unsuccessful application will not incur any fees.

Requirements to get CashAce Loan

 

For you to be given cashace loan, you need to meet it’s requirements. Cashace loan requirements are highlighted below:

1. You must be a citizen of Nigeria. Living in Nigeria.

 

2. Your age must be within the range of 18 to 60 years

 

3. Have a stable monthly source of income

 

4. Must have An Android phone with stable internet connection

 

5. Your phone number

 

6. The bank account number with which you will receive the borrowed amount

 

7. Your Bank Verification Number (BVN)

 

8. The details on your ATM card will also be needed

Loan interest rate

1.APR: Up to 33% according to customer’s credit score.

2.Service fee: 2%~8% according to customer’s credit history.

 

Example:

If the loan amount is NGN10,000, APR is 30% and service fee is 5% with the tenure of 91 days, the total amount to pay on the due date is:
Interest = 10,000 x 30%/365 x 91 = 748

Service fee = 10,000*5% = 500

Total amount disbursed will be 9,500 (10,000 – 500)

Total amount to repay will be 10,745 (10,000 + 748)

Monthly amount to repay will be 3,582 (10,745 / 3)

How to get CashAce Loan

 

1. Download and install CashAce loan app from google play store.

2.Register a personal account with a phone number.

3.Choose your loan amount and loan tenure.

4.Fill in personal info.

5.Loan review and cash disbursement

Repayment of CashAce loan

Once your loan application on the cashace platform has been approved, you will see the amount owed on your dashboard.

Your dashboard will also indicate your next due date or repay date alongside other information.

To repay your loan on, click on the repayment button on your dashboard. You will be redirected to the repayment section where you will see multiple repayment options.

Select the one that is most convenient to you and pay the amount due

Contact CashAce customer care 

If you have any questions, issues or complaint, you can contact them using the info below:

Customer Service Email: [email protected]

Address:  21,olaiya close Abeokuta ogun state,Lagos,Nigeria.

2. Surecredit loan app

Surecredit loan app is a good and secure online loan app in Nigeria. The platform borrow secure loan to customers who are interested and who meet their requirements. They offer an unsecured type of loan to borrowers. This implies that you do not need paperwork nor collateral to apply for the loan.

 

For you to get instant loan approval by surecredit, you need to know the requirements and steps to apply for the loan with ease. All these and more we are going to discuss in this article.

Surecredit Loan amount

This loan platform offer to their customers loan amounts range between ₦10,000 to ₦100,000

Requirements to get surecredit Loan

For you to be given surecredit loan, you need to meet it’s requirements. Surecredit loan requirements are highlighted below:

1. You must be a citizen of Nigeria. Living in Nigeria.

2. Your age must be within the range of 18 to 60 years

3. Have a stable monthly source of income

4. Must have An Android phone with stable internet connection

5. Your phone number

6. The bank account number with which you will receive the borrowed amount

7. Your Bank Verification Number (BVN)

8. The details on your ATM card will also be needed

9. Valid documentation

3. Naira9ja loan app

Naira9ja loan app is a secure and easy to use private lending platform that gives Nigerians personal loan starting from N5000 up to a maximum loan amount of N500,000 when you download and apply for the loan.

find out what I mean by personal loan 

The fund from this loan app is for  personal use and short-term, usually starting at 8 days for first time borrowers.

Naira9ja loan app is safe and good. We say this because it had been over 10k downloads in its first month of release with plenty of positive reviews. The app uses AI to collect prospective customers information including phone records, bank transaction alerts, BVN to build the credit score of each borrower.

To qualify for a loan or higher amounts, be sure to keep good bank transaction messages on your phone and do not have outstanding debts with other loan apps!

How to Download and Apply for Naira9ja loan

  • Download the Naira9ja App exclusively available on the Google Playstore and install on your Android phone.
  • Register an account with your phone number.
  • Fill in basic information, including your residential address, next of kin and employment details
  • You will also be required to provide your Biometric verification number BVN.
  • Bind your ATM card to your account to increase your chances and get a higher loan amount.
  • A one-time password OTP will be sent to your phone to confirm your details.
  • After the submission of your loan application, the algorithm will analyze your credit score and the final result will be shown in the APP.
  • If approved, the loan amount will be disbursed into the bank account directly.
  • Loan disbursement on Naira9ja is done automatically, so the whole process should take less than 5 minutes.

What are the requirements?

  1. Be a Nigerian citizen or legal Resident.
  2. Be between the age of 22 years old.
  3. Have a Monthly income source.
  4. Bind your ATM card to your account
  5. Provide details of two of your next of kins including their phone numbers.
  6. Have a good credit score with no outstanding loans from other lenders.
  7. Have an active Nigerian bank account.

4. Flypay loan app 

Flypay loan app is an online lending platform in Nigeria which offer loan options of up to ₦600,000 to eligible customers. You can borrow loan from this loan app and Repay on your own terms.

This platform offers an unsecured type of loan which implies that no paperwork, collateral or upfront payment is required for loan application.

Flypay pro loan app is a relatively new lending platform in Nigeria with exciting offers to borrowers. So far on Google playstore, it has many good reviews, 4.7 rating and 100k+ downloads. So far, this loan app is a good credit line and a reliable platform for online borrowing in Nigeria.

Flypay Loan amount

The loan app offers cash amount ranging from NGN 5,000 to NGN 600,000.

Requirements to get flypay pro Loan

For you to be given flypay loan, you need to meet it’s requirements. Flypay loan app requirements are highlighted below:

1. You must be a citizen of Nigeria. Living in Nigeria.

2. Your age must be within the range of 22 to 50 years

3. Have a stable monthly source of income

4. Must have An Android phone with stable internet connection.

5. Your phone number

6. The bank account number with which you will receive the borrowed amount

7. Your Bank Verification Number (BVN)

8. The details on your ATM card will also be needed

How to apply for flypay pro loan and get approved

Download the Flypay Pro APP from the Google Play Store.

• Create an account with your phone number to receive OTP.

• Choose the product for which you want to apply.

• Fill out the application correctly, then submit it.

• Receive Profile Approval.

• Have your loan disbursed into your bank account

5. Xcash loan app

Xcash loan app is an online lending platform in Nigeria in which you can borrow money and payback in a more convenient time. You can borrow loan of up to ₦100,000 unsecured from this app. This is, you do not need any paperwork, upfront fee nor collateral to apply for xcash loan.

In this article, I will show you how to get loan from xcash, it’s requirements, loan term, interest rate, their customer care service and lot more.

Loan amount

You can borrow money from ₦10,000 to ₦100,000 from xcash loan app

 Loan period

Xcash loan term ranges from 91 to 180 days. You are required to repay your loan during this period.

Interest rate

Xcash loan APR ranges from 24% to 56% per annum

Requirements to get Xcash  Loan

For you to be given Xcash loan, you need to meet it’s requirements. This loan app requirements are highlighted below:

1. You must be a citizen of Nigeria. Living in Nigeria.

2. Your age must be within the range of 18 to 60 years

3. Have a stable monthly source of income

4. Must have An Android phone with stable internet connection

5. Your phone number

6. The bank account number with which you will receive the borrowed amount

7. Your Bank Verification Number (BVN)

8. The details on your ATM card will also be needed

 

How to get Xcash loan 

 

•Download Xcash app on your android phone 📱

• Install the Xcash APP from the play store.

• Register for an account with your phone number and receive OTP.

• Select the product you would like to apply for.

• Fill out your information correctly then submit the application.

• Get profile approval

• Get your loan disbursed into your bank account

6. Secucash loan app 

Secucash loan app is a lending platform in Nigeria gives customers Instant Online Loans with just few steps. You can get personal loan or business support loans of up to ₦100,000 unsecured from this loan app.

 

Secucash loan requires no collateral or paperwork. In addition to giving loan, this platform offers the following service

– Get an account number and use it to receive money from anyone in Nigeria

– Add money to your account

– Send money to any bank account for FREE

– Pay your bills

Loan term

Secucash Loan period ranges from  91 days to 180 days. During this period, you are expected to repay your loan. *Please note that this loan platform give you several options for you to select when you want to repay the loan.

 

Loan amount

The Maximum loan limit is 1,000 NGN — 100,000NGN

Interest rate

Low interest (maximum APR): 19% per year

How to apply for secucash loan and get approved

1.Download and Install the Secucash APP from the Play Store.

2.Register and fill out basic information.

3.Apply loan online and easy to get approved .

4.Get your loan disbursed into your bank account like Access Bank Group, FirstBank, Zenith Bank Plc, Union Bank of Nigeria, Diamond, Ecobank, and Fidelity.

Requirements to get secucash Loan

For you to be given secucash loan, you need to meet it’s requirements. The loan requirements are highlighted below:

1. You must be a citizen of Nigeria. Living in Nigeria.

2. Your age must be within the range of 18 to 60 years

3. Have a stable monthly source of income

4. Must have An Android phone with stable internet connection

5. Your phone number

6. The bank account number with which you  will receive the borrowed amount

7. Your Bank Verification Number (BVN)

8. The details on your ATM card may also be needed

7. Kashcash loan app

Kashcash loan app is a Personal and safe loan service app in Nigeria which offers loan to Nigerian citizens who are in need of urgent cash. You can borrow up to ₦100,000 from Kashcash loan app and pay back in your own convenient time.

In this article, you are going to find out how to apply for Kashcash loan and get instant approval.

Loan amount

This loan app offers loan ranging from ₦10,000 to ₦100,000.

Loan term 

Repayment ranges from 91days to 365days. You are required to repay your loan during this period of time.

Interest rate

Annual percentage rate (APR) is from 12% to 34% per year

Example:
If the loan amount is NGN5,000, the loan term is 180days, and the interest rate is 12%, the total interest should be NGN5,000*12%= NGN600.

The total repayment amount would be NGN5,000+ NGN5,000*12%= NGN5,600.

Requirements to get kashcash Loan

For you to be given Kashcash loan, you need to meet it’s requirements. The loan requirements are highlighted below:

1. You must be a citizen of Nigeria. Living in Nigeria.

2. Your age must be within the range of 18 to 60 years

3. Have a stable monthly source of income

4. Must have An Android phone with stable internet connection

5. Your phone number

6. The bank account number with which you will receive the borrowed amount

7. Your Bank Verification Number (BVN)

8. The details on your ATM card will also be needed

How to apply for Kashcash loan

1. Download Kashcash loan app.

2. Register an account with phone number.

3. Fill out basic information and submit loan application.

4. Receive your loan straight into your bank account

8. Ease Cash loan app 

Ease Cash loan app is an online borrowing platform in Nigeria that makes it convenient for you to get loan of up to ₦200,000 anytime, anywhere.

If you are in urgent need of cash, Ease cash loan app is meant for you. Let’s take a look at the loan features, it’s requirements and how to apply, so as to get instant approval.

Tenure

Ease cash loan offer ranges from 91 days – 180 days

Loan Amount

They offer loan ranging from ₦1,000 – ₦200,000

Interest rate

Maximum APR: 14%;

Other fees: One time processing fee(per transaction). Minimum 5%, Maximum 20%

Example:

Suppose Lending amount is 10,000 NGN, APR is 14%, processing fee is 10% and the term is 91 days.

On the due date, the amount payable is 11,349.0 NGN (10,000 * 14% / 365 * 91 + 10,000 + 10,000* 10%)

Benefits of Ease cash loan app

1. You can apply a loan by your credit. Don’t need any deposits or collateral.

2. Up to NGN100,000. Disburse to your bank account in a while.

3. Paperless and digital process on your mobile. All the steps can be done online.

4. They do not share your data with any third parties without your consent. Your data is totally safe with them.

5. Don’t worry about forgetting repayment. We’ll send messages to remind you.

How to get Ease cash Loan

1. Download and install Ease cash loan app from google play store.

2.Register a personal account with a phone number.

3.Choose your loan amount and loan tenure.

4.Fill in personal info.

5.Loan review and cash disbursement

Requirements:

1. Nigeria Resident.

2. 20-55 years old

9. Lairaplus loan app

Lairaplus loan app is a Safe and reliable loan app in Nigeria which offer loan of up to ₦500,000 to eligible customers. This loan app borrow unsecured loan to people with flexible interest rate.

If you are in need of urgent cash, Lairaplus loan app got you covered. In this article, I’m going to give you all the necessary details you need to get instant cash loan from this platform.

Loan Amount

The loan app offer fast loan ranging from ₦5,000 – ₦500,000 to eligible customers.

Loan Term

Their loan period ranges from 91 Days – 365 Days. During this period, you are expected to payback the loan you borrowed.

Interest Rate

They borrow cash with interest rate ranging from16% – 28% APR

Example:
-If the loan amount is ₦10,000, the loan term is 180 days, and the interest rate is 16%
-Total interest should be ₦10,000*16%= ₦1,600.
-Total repayment amount should be ₦10,000+ ₦10,000*16%= ₦11,600

Benefits of borrowing loan from Lairaplus loan app

•All procedures can be completed on the cell phone and no paper documents are required.
•Secure
•Providing the high level of security for your data and your privacy.

Requirements to get Lairaplus Loan

For you to be given Lairaplus loan, you need to meet it’s requirements. Lairaplus loan requirements are highlighted below:

1. You must be a citizen of Nigeria. Living in Nigeria.

2. Your age must be within the range of 18 to 60 years

3. Have a stable monthly source of income

4. Must have An Android phone with stable internet connection

5. Your phone number

6. The bank account number with which you will receive the borrowed amount

7. Your Bank Verification Number (BVN)

8. The details on your ATM card will also be needed

How to apply for Lairaplus loan 

(1)Download LairaPlus in Google Play.

(2)Register an account with phone number.

(3)Submit information and wait for approval.

(4)Receive the money deposited in your Account.

10. Aim loan app

Aim loan app is an online loan platform in Nigeria that help the customers or citizens in Nigeria solve financial needs and meet their urgent cash need.

Aim Loan Plus is your trustworthy online loan APP, provide users with safe ways to borrow and solve the problem of urgent need for money. This loan app offers a maximum loan of NGN500000 to eligible customers.

You just need 3 steps to complete the application and get the loan easily, no need to go out, no mortgage, no prepaid fees, complete the application online.

Requirements to get Aim Loan 

For you to be given loan from Aim loan plus, you need to meet it’s requirements. Aim loan requirements are highlighted below:

1. You must be a citizen of Nigeria. Living in Nigeria.

2. Your age must be within the range of 18 to 60 years.

3. Have a stable monthly source of income

4. Must have An Android phone with stable internet connection

5. Your phone number

6. The bank account number with which you will receive the borrowed amount

7. Your Bank Verification Number (BVN)

8. The details on your ATM card will also be needed

Benefits of Aim Loan

•There is no any collateral

•Can borrow up to NGN500,000

•Low interest , safe, reliable and flexible

•We are open 24 hours to solve any problems which you encounter with the loan.

If you have a need in these scenarios:
①Working capital;②credit card;③Treatment of illness;④tourism;⑤Children going to school;⑥Birthday party;⑦Daily necessities;
⑧House decoration, etc;
If you are one of these people:
①Parenting mother:In the recovery period for milk, powder and other issues in a hurry;
②College students:Facing the pressure of life,or the need for further education,if there is not enough money to buy your favorite gift for your beloved partner;
Self-employed businessmen:Faced with the problem of capital turnover;
④Low-income blue-collar workers:Cost of living for children、 house renovation and melancholy and other problems;
⑤White-collar workers with low incomes:Purchase of daily necessities or electronic digital equipment needs and other issues.
You are welcome to use Aim loan APP!
Spend the money you can easily earn in the future to solve your current problems,AimLoanPlus It’s a loan platform you can trust.

Loan term: 91 days (shortest, including renewal time) – 365 days (longest, including renewal time)

Loan amount: NGN3000-NGN500000
Interest rate: as low as 0.05% (daily interest)
Interest rate: Maximum APR is 18% per year, 0.05% per day
Transaction fee:No.
Processing fee: No.

Example:

If you choose a loan limit of NGN 6,000.00 with a period of 360 days,
the total interest must be paid: NGN 6000.00 * 0.05% * 360 = NGN 1080,

monthly interest shall be paid:NGN6000.00 * 0.05% * 30 =NGN 90,

monthly repayment bill including principle and interest shall be paid: NGN 6000/12 + NGN 90= NGN 590,

total repayment bill including principle and interest shall be paid: NGN 6000.00 + NGN 1080 = NGN 7080

11. WeCredit loan app

WeCredit  loan app is an online loan platform provides loan for citizens in Nigeria who are in urgent need of money. It is a new loan app in Nigeria that offers unsecured loan to customers who are qualified.

WeCredit is simply the best at granting loans to clients. Over the years the pioneers of Wecredit have been giving out small and medium scale loans to people for over 8 years and more than 54 miillion customers have relied on us to get loans which are quick and stress free.

Benefits of WeCredit loan app

1.Convenience: Downloads can be done using a smartphone, and registration with a mobile number is required.

2.Does not restrict your identity: you can apply for WeCredit loan regardless of your status.

3.Fast: their system is upgraded with fast application and fast approval.

4.Safety: They promise to protect your personal privacy. Verify your identity and submit all the requirements in the app to complete your loan application.

5.High success rate.

Loan Amount 

They offer loan Limit ranging  from NGN10000 to NGN200000

Loan term

WeCredit Loan terms ranges from 91 to 365 days. During this period, you are required to payback your loan

Interest rate 

Interest Rate (APR): 10% – 30%
Processing Fee: 0% (no any other hidden fees)

Requirements

For you to be given cashace loan, you need to meet it’s requirements. Cashace loan requirements are highlighted below:

1. You must be a citizen of Nigeria. Living in Nigeria.

2. Your age must be within the range of 18 to 60 years

3. Have a stable monthly source of income

4. Must have An Android phone with stable internet connection

5. Your phone number

6. The bank account number with which you will receive the borrowed amount

7. Your Bank Verification Number (BVN)

8. The details on your ATM card will also be needed.

How to apply for WeCredit Loan

1. Download and install WeCredit loan app from google play store.

2.Register a personal account with a phone number.

3.Choose your loan amount and loan tenure.

4.Fill in personal info.

5.Loan review and cash disbursement

12. Cashbus loan app

Cashbus loan app Safe and Reliable Instant loans in Nigeria. It is a new lending app that started around mid April 2023. This app give out unsecured loan to customers who apply and who meet their requirements.

You can get loan of up to ₦300,000 unsecured from cashbus loan app platform. This implies that you do not need any upfront payment, paperwork nor collateral to borrow money from them.

You can get a quick loan on the Cashbus app in just a few steps. They provide loans for employed or self-employed people as well as business owners. So, if you need an instant personal or business loan, you can borrow from ₦6,000 to ₦300,000 at first trial and increase your credit score as you repay.

 

Repayment plan

You are expected to repay the loan within 3 months to 1year

 

Interest rates

Monthly interest rates range from 1.7% to 22% .

APR from 18% to 265% per annum

Benefits of Cashbus loan

1. Fast and convenient loans from ₦6,000 to ₦300,000

2. Flexible repayments from 3 – 12 months

3. Money in your bank account in minutes

4. Lower rates and longer tenure on your next loan

5. No paperwork

6. No collateral or guarantor needed

7. No hidden charges – you always see your loan terms before you commit

Cashbus promises to keep it simple, no confusing language.
Their Support team is always available to help and the processes are secured

How to get loan from cashbus loan app

 

1. Download the mobile app from Google play store. Bear in mind that it is compatible with Android version 4.4 upwards

2. Sign in and Share some information about yourself

3. Verify the information you have provided with them

4. Get money in your bank account once you’re approved

Customer information security and privacy

The Cashbus app has been developed using the best security and privacy standards to ensure absolute data security. When you download the Cashbus loan App, they will ask for your permission to verify your personal and financial information. Their app is secure to use, and they promise not share your information with third parties without your consent

13. Oxloan pro loan app

oxloan pro is a secure online loan app in Nigeria which offers instant cash loan to interested persons who submit application and meet their requirements. They offer loan of up to ₦300,000 with no service fee and with good interest rate.

In this article, I will show you what you need to do in order to get loan from oxloan pro and how to apply so as to get instant approval.

Loan Term

Oxloan pro loan ranges for about 91 – 365 days

Interest rate

 Their interest rate ranges from about 16% -30% APR.

Loan Amount

With the loan app, you can be offered loan ranging from ₦ 3000 – ₦ 300,000

Service Fee: 0

Example Interest calculation:
Lending amount is ₦3,000 And the interest rate is 3.4% with loan term 92 days. on the due date, the amount payable is ₦3102 = ₦3000(loan amount) + ₦102 (interest) + ₦0 (service fee)

Features of oxloan pro loan app

1.credit amount up to ₦ 300,000.
2.Flexible loan term.
3.No hidden charges.
4.Quality customer care.

14. Lucky loan app

Lucky Loan is a professional Loan Platform for mobile users in Nigeria. It makes easy and convenient for everyone to get loans anytime with no stress. Are you in urgent need of cash to pay bills or improve business? If so, this app will be of help to you in borrowing money.

 

In this article, I will show the loan amount lucky loan app gives to customers, their requirements, features of their loan, how to get instant cash from them and their customer care service.

One interesting thing about this online loan app is that you do not need any paperwork, collateral or documents to process your money unlike bank loan. So, with just some few easy steps, you can login to the loan app and borrow cash, which would be disbursed immediately into your bank account.

Loan amount

This loan app offers customers cash ranging from ₦1,000 – ₦50,000 as a first timer.

Loan term

The shortest is 91 days, the longest is 180 days. You are required to pay within the range of these days.

Interest rates

Maximum annual interest rate APR: 16% -21% APR

Service Fee: 0

Requirements

–Must be between the ages of 18-60 years old

–Have a stable job or source of income

–Have a working bank card account

–Must have a mobile phone with stable internet connection

–Must have a working phone number

 Benefits of the loan app

1. Safety

Lucky Loan promises to protect all consumer information and ensure user privacy. They ensure to keep your data and all transactions safe.

2. Fast

Your application will be approved quickly and easily, and funds will be paid to the user’s personal account immediately

3. Excellent service.

Customer servicers will always be ready to help users solve the matters they meet along the line.

Lucky loan app is designed to care for your needs.

Note: make sure you read their terms and conditions before accepting a loan offer from them.

How to get Lucky loan 

1. Download lucky loan app from Google play store

2. Sign up with your personal details

3. Apply for loan

4. Wait for loan approval

5. Get your loan into your bank account in seconds.

15. SparkCredit loan app

SparkCredit is your trustworthy online loan APP in Nigeria which provide users with safe ways to borrow and solve the problem of urgent need for money, whether for personal needs or for business needs

 

SparkCredit is a good loan app that offers a maximum loan of NGN500000. This app is better than other loan apps because it involves 3 steps to complete the application and get the loan easily, no need to go out, no mortgage, no prepaid fees, complete the application online.

 

Requirements

1. You must be over 18 years old

 

2. You must be a citizen of Nigeria

 

3. You must have the valid required documents

 

Benefits of taking loan from SparkCredit

1. There is no any collateral

2. You can borrow up to NGN500000

3. Low interest rate

4. It is safe, reliable and flexible

 

5. They are open 24 hours to solve any problems which you encounter with the loan

SparkCredit is there for you if you need instant cash to solve the following needs;

1. Treatment of illness

2. tourism

3. Children going to school

4. Birthday party

5. Daily necessities

6. House decoration,

Loan term:

91 days (shortest, including renewal time) – 365 days (longest, including renewal time)

Loan amount:

they give out loan from NGN3000-NGN500000

Interest rate:

as low as 0.05% (daily interest)

Interest rate: Maximum APR is 18% per year, 0.05% per day

Transaction fee:No.

Processing fee: No.

If you choose a loan limit of NGN 6,000.00 with a period of 360 days,

the total interest must be paid: NGN 6000.00 * 0.05% * 360 = NGN 1080, monthly interest shall be paid:NGN6000.00 * 0.05% * 30 =NGN 90, monthly repayment bill including principle and interest shall be paid: NGN 6000/12 + NGN 90= NGN 590, total repayment bill including principle and interest shall be paid: NGN 6000.00 + NGN 1080 = NGN 7080

mode of repayment

SparkCredit support multiple channels of repayment,as:USSD Phone repayment, ATM Machine repayment, Bank over-the-counter transfer, Online banking repayments,to help you easily resolve repayment issues。

monnify: Support USSD Phone repayment、ATM Machine repayment、Repayments such as bank over-the-counter transfers。

paystack: Support USSD Phone repayment、Repayments such as bank over-the-counter transfers。

How to get the loan

To get SparkCredit loan, you need to download the app on app store or you can contact the customer care service below if you are using an Android device.

16. Swiftkash loan app

In today’s world, many people are struggling with meeting their financial needs. Whether it’s paying bills, buying groceries or covering unexpected expenses, it’s not always easy to have enough money to meet all your needs. I know you are not an exception!

However, thanks to financial technology, there are now mobile loan apps that offer instant loans to Nigerians in need. One such app is SwiftKash, which is gaining popularity due to its quick and easy loan application process. In this article, we will discuss the SwiftKash loan app, how to apply for a loan and get instant approval

What is SwiftKash loan?

SwiftKash is a mobile loan app that provides quick and easy loans to people in need. The app is designed to be user-friendly, and the loan application process is straightforward, making it easy for anyone to apply for a loan.

With SwiftKash app, you can apply for a loan and receive the funds in your bank account within minutes. The app is available for download on both Android and iOS devices.

How to Apply for a Loan on SwiftKash

Applying for a loan on SwiftKash is a simple process that takes only a few minutes. Here are the steps you need to follow:

Step 1: Download and Install the App

The first step is to download the SwiftKash loan app from the Google Play Store if you’re an Android user, or the App Store if you’re an iOS user. Once you have downloaded the app, install it on your mobile device

 

Step 2: Register and Verify Your Account

After installing the app, you will need to register and verify your account. To do this, you will be required to provide your personal details, including your name, phone number, and email address. You will also be required to create a password. Once you have provided these details, SwiftKash will send you a verification code via SMS or email. Enter the code to verify your account.

Step 3: Apply for a Loan

Once your account is verified, you can now apply for a loan. To do this, log in to the app and select the “Apply for a Loan” option. You will be required to provide some additional personal and financial information, such as your employment details and bank account information.

Step 4: Wait for Approval

After submitting your loan application, they will review your application and decide whether to approve your loan. If your loan is approved, the funds will be sent directly to your bank account within minutes.

17. Okash loan app

With Okash loan app, you can get a loan up to 500,000NGN. Effective and Efficient.

OKash makes it efficient for you to access credit anytime, anywhere.

Loan Products

Tenure: They will require your repayment from 91 days to 365 days*.
Loan Amount: from NGN 3,000 to NGN 500,000.
Interest Rate: With a minimum of 0.1% up to 1%
The interest rate is calculated on a daily basis. Annual Percentage Rate(APR) from 36.5% to 360%.

An example of a OKash loan
For example, 91-day loan payment terms,the interest is 9.1%.

For the loan processed with a principal amount of NGN 3,000, the interest would be NGN 273, the total amount due would be NGN 3,237.

The total amount due in the first month would be N1,093, the interest would be N93, the total amount due in the second month would be N1,090, the interest would be N90, the total amount due in the third month would be N1,090, the interest would be N90.

OKash is a Convenient Personal Loan Platform for Nigeria mobile users. Presented by Blue Ridge Microfinance Bank Limited, duly licensed by the Central Bank of Nigeria(CBN).
OKash fulfills customers’ financial needs 7*24 completely online. The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the applicant’s bank account.

Benefits of Okash loan 

1.You can apply a loan by your credit. Don’t need any deposits or guarantees.
2. Up to NGN500,000. Disburse to your bank account.
3.Paperless and digital process on your mobile. All the steps can be done online.
4.We do not share your data with any third parties without your consent. Your data is totally safe with us.
5.Don’t worry about forgetting repayment. We’ll send messages to remind you.

How to get Okash loan

1. Install the OKash APP from the Play Store.
2. Register an account.
3. Select the product you would like to apply for.
4. Fill out your basic information, then submit the application.
5. After the submission, you may receive a call for verification. The final application result will be shown in the APP and you will be informed by SMS if approved.
6. E-sign the loan agreement after the approval.
7. After the E-sign, the approved loan amount will be disbursed into your account shortly and a SMS notification will be sent.

Eligibility

1. Nigeria Resident.
2. 20-55 years old.
3. Source of a monthly income.

18. BGloan—Legal cash loan

BGloan offers cash loan service for Nigerians. With just few application steps you can get fast personal loan.

BGloan is a Nigerian online and secure loan app. We give corresponding loan amounts to meet your loan needs.
BGloan can gives very suitable rates to help Nigerians who not only want to shop, but also who need money within a time frame.

Benefits of BGloan app

1.Loan ranges from ₦3,000 to ₦200,000
2.Loan period ranges between 91 and 180 days
3.Interest rate: 0.75% to 1.9% per month, 9%-23% per annum (depending on your credit rating)
4.The highest loan interest rate is 23% per annum(APR).

 Advantages

1.Approval within 30 seconds
2.Various loan amounts
3.No extra fees, no hidden fees
4.Flexible repayment period
5.No collateral, no paperwork, easy and fast
6.Protect your information security; our products have a high degree of security
7.24 hours service; you can apply anytime

How to get Loan from BGloan 

1.Download BGloan via Google Play Store on your phone
2.Fill in your phone number and receive a verification code
3.Complete your personal information to facilitate subsequent loans
4.Select your loan amount and loan time, and receive your loan on your account asap!

Example
If you choose a loan amount of ₦5000 with a loan term of 6 months, our monthly interest rate of 1.9%, will give a monthly interest of ₦5000*1.9%=₦95. The principal and interest after the 6-month maturity will give a sum of ₦5000+₦95*6=₦5570, of which the principal is ₦5000, and the 6-month interest, ₦570.

Loan requirements for BGloan

1. Must be a Nigerian citizen

2. Must be between the ages of 18 and 60

3. Valid documentation

 

19. Newcredit loan app

This is a Personal and safe loan service app in Nigeria. Easy to apply with simple steps.

Newcredit app make it easy and convenient for everyone to get loans anytime with no stress.

The Newcredit offers:

1 Loan amount from ₦10,000 to ₦300,000.
2 Repayment from 91days to 365days.
3 Easy to get safe loan without mortgage.
4 APR from 24% to 56% per annum

-Example: If you choose a 6-month loan and borrow ₦100,000,Newcredit charges an interest rate of 4% per month.

Borrow NGN100,000 interest rate:24% and the APR is 48%.180 days repayments of ₦24,000.Total amount payment is ₦124,000.

How to apply Newcredit loan

1 Download Newcredit app.
2 Register an account with phone number.
3 Fill out basic information and submit loan application.
4 Receive your loan straight into your bank account.

Eligibility

1.Nigeria resident.
2.18-60 years old.
3.Valid document and proofs.

Customer care service

Newcredit gives you loan without much stories, they’re always excited to hear from you!
• They’re are available 24/7 to assist you with your request
• Service Email: [email protected]
• Office Address: 45c Sobo Arobiodu St, Ikeja GRA, Ikeja, Lagos, Nigeria

20. Xcrosscash online loan app

Xcrosscash is a safe and good loan app in Nigeria that offers instant loan services to eligible customers. With just few steps, you can apply for an unsecured loan in the app.

Xcrosscash lets you activate your involving credit limit. You can withdraw cash for urgent needs. And you have chance to level up your credit limit by different ways, which means enjoy higher limit, lower interest, more flexible tenor by using it.

Special features of the loan app

– Limit from ₦ 10,000 to ₦ 50,000
– Repayment periods from 91days to 180days
– Monthly interest rates from 4% to 4.7%
– Annual percentage rate (APR) from 24% to 56% per year

Example: If you choose a 6-month loan and borrow ₦10,000,Xcrosscash charges an interest rate of 4% per month.Interest rate: 24% and the APR is 48%.180 days repayments of ₦24,00.Total amount payment is NGN124,00.

loan applicant requirement

1. Nigeria resident

2. 20 – 55 years old

3. Active bank account

4. Valid documentation

5. Valid phone number

How to get xcrosscash loan

• only three steps to get the cash loan:
– register.
– activate your credit limit in minutes.
– withdraw cash to your bank account.

• You have chance to raise your limit by taking some relaxed activities or system limit up, just keep good repayment record.
•Download Xcrosscash app on your android phone
With Xcrosscash, getting money is the easiest.

Benefits of xcrosscash loan app

1. no waiting times to getting money. Our service is available 24/7- you can get money when you need it, right on your mobile device.
2. you can get funds,whether you’re salary earner or self-employed, Xcrosscash can help you achieve your goals.
3. get rewarded for positive actions.By repaying loans on time,you have chance to get free interest rate on this app.

Customer care Contact

• We are available 24/7 to assist you with your request
• Service Email: [email protected]
• Our Office Address: 50c Sauket St, Ikeja GRA, Ikeja, Lagos, Nigeria

Conclusion

In conclusion, this comprehensive review of 19 loan apps in Nigeria has provided valuable insights into the diverse landscape of financial technology and lending options available to Nigerian consumers. Through an in-depth analysis of each app’s features, usability, interest rates, repayment terms, customer support, and overall user experience, we have shed light on the pros and cons of these platforms.

The findings of this review indicate that the Nigerian loan app market offers a wide range of options tailored to meet the diverse financial needs of individuals and businesses.

Users can access quick and convenient loans through various apps, with some platforms specializing in specific niches such as salary advances, small business loans, or peer-to-peer lending.

Moreover, we have observed that user feedback and ratings play a crucial role in assessing the reliability and trustworthiness of these loan apps.

Factors such as transparent terms and conditions, competitive interest rates, responsive customer support, and seamless application processes contribute to a positive user experience.

It is worth noting that while these loan apps offer convenience and accessibility, borrowers should exercise caution and carefully evaluate the terms and conditions before committing to any loan agreement.

It is essential to borrow responsibly, considering one’s financial capacity and ensuring timely repayments to avoid any potential negative consequences.

In the rapidly evolving world of financial technology, these loan apps continue to innovate and improve their offerings, incorporating new features, enhanced security measures, and increased loan limits.

As a result, users can expect a more user-friendly experience, quicker approval processes, and potentially lower interest rates in the future.

Overall, this review serves as a comprehensive guide for individuals and businesses seeking reliable loan apps in Nigeria. By making informed decisions based on this analysis, users can navigate the loan app market confidently and find the most suitable platform to meet their financial requirements.

Remember, while loans can provide short-term financial relief, responsible borrowing and timely repayments are crucial for maintaining financial well-being.

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