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The following apps are the best apps to get a loan in Nigeria quickly in 2020 – 2021

1. Carbon (PayLater)

Paylater Now known as Carbon is the first on the list of best loan apps in Nigeria to borrow quick money for either personal or business needs. Carbon app was formally called the PayLater app when first come into existence. Carbon is the number one choice and most popular for most people to borrow money online.

The platform borrows money from anyone either you working or not, Student or monthly salary earner even if you are an entrepreneur carbon is there for you when needed and getting money is fast.

They make access to credit easy. No need for guarantors, No need for collateral for you to use carbon. It is so easy that you can apply for a loan 24/7 and receive funds into your account within minutes.

One thing about Carbon is that you have to start from a point and as you repay your loans on time the more chance you have to get higher loans from the platform and it is always stress-free.

The carbon (PayLater) is the best loan app in Nigeria on iPhone and Android as it even gives you the chance to manage your credits right from the app so all your dealing is with the app. And as a techie, I can tell you that the app is well designed and programmed.

Not only that you can get loans from Carbon (PayLater) app, you can also use the app to make payments like to recharge any network in Nigeria and also Pay bills for your services, and also transfer money.

You can get the carbon app from the play store or visit their official website to know more about Carbon (PayLater).

2. PalmCredit

The next one among all of the best loan apps in Nigeria is Palmcredit. With Palmcredit you can get a loan for as low as N2,000 and as high as N100,000 straight from the app.

On Palmcredit getting quick online loans is also very easy and quick. With just a few steps then you have everything in your control to get the loan you want.

Also, Plamcredit gives reward offers for referring people to Palmcredit.

Download the PalmCredit app from Google Play Store

3. FairMoney

FairMoney is also a loan app that you can use to get quick loans online in Nigeria is the FairMoney Loan app. I choose this app as the second one among the best loan apps in Nigeria 2020 because of their good service.

With FairMoney you can apply for loans online for as much as N150,000 and you don’t need any paperwork, No collateral and it is 100% stress-free to use the FairMoney Loan App to get loans.

FairMoney also lets you spread your repayments in multiple installments for you to have more flexibility and also makes the app and services much easier for you. When you pay your credit on time it opens more chances for you to get more benefits.

You can use the app to get your bill payment done also and you get up to a 5% discount using the app to get airtime of any network in Nigeria.

Download FairMoney App From Google PlayStore

But, You should know that there will be some terms and conditions attached so make sure you check that before you apply for the loan but trust me the platform is great.

4. Branch

Branch loan platform is also one of the best loan apps in Nigeria and do you know the good thing about Branch? It doesn’t operate only in Nigeria but also, it operates in other countries like Kenya, Mexico, and India.

Branch makes it easy for you to access loans for the way you live anytime, anywhere. Sign up in seconds, apply for a loan, and receive your money straight to your account. It’s a fast, convenient, and reliable way to access credit when you need it.

Money borrowed from Branch can be used for anything you prefer to use it for and no one is going to ask you about that not even Branch Officials.

Download Branch Money Lending App

You can borrow loans as low as N1000 and as high as N200,000 from the Branch loan app and with little interest is what you will pay back on any money you borrow but this varies depending on the country you are in.

5. QucikCheck

With the QuickCheck app on your phone anytime any day you can get instant loans straight into your bank account. This is one of the best loan apps in Nigeria and this is because their mode of borrowing money is really a great one.

You get to access quick cash loans at single-digit interest rates, anywhere, anytime. This loan app for Nigerians helps Nigerians access instant online quick loans without collateral and it work seamlessly.

Using the app is as simple as other Loan apps we have talked about just that after signing up and you have applied for a loan the will run a credit scoring using an algorithm within a few seconds.

Some reasons why this app is special is because of 1. You can choose when to pay back 2. You can borrow money up to 200,000.

Download The QuickCheck App From Google Play Store

6. Aella Credit

Another sure app you can get instant loans online in Nigeria from is the Aella Credit loan app. They have very good customer relations, and their helpdesk is always ready and fast to respond to your inquiries.

No hassles, no stress with the Aella credit app!! Just download the app from the Google play store and fill in all of the necessary information to use the app and get access to instant loans anywhere you are.

Make sure your details are correct and are in correlation with the information you put down because that might make it impossible to use the app if the details are not correct.

7. KwikMoney (MIGO)

Borrowing money on KwikMoney is really different How? You don’t need an app to get loans. The only thing you need is your Smartphone and Your SIM registered to your bank account.

You don’t need any documentation to get your loans out in few minutes. The earlier you repay your loan the higher your rate of money you can borrow the next time on the platform.

You can visit their official website ( to process the loan within seconds using only your phone number and get the money straight into your bank account. You Have within 14Days to 30 Days to return the loan.

If you pay back the loan before the 14th day from the day you borrow the money you will not pay any interest. After the 14th day, there will be a 5% interest increase on the money you borrowed.

8. SokoLoan

Another app that can not be forgotten or left out on the list of best loan apps in Nigeria is SokoLoan. Sokoloan is easy to use the app and a very convenient app to use anytime any day to get Short Term Loans in Nigeria.

They are a Microfinance Institution, Soko Lending Company Limited intends to increase opportunities for the poor to access financial services by providing financial services to low-income entrepreneurs, Students who continue to learn, and more.

The earlier you pay your borrowed cash the more you increase your loan limits. The Sokoloan money lending platform/app is always there for you to get quick loans in Nigeria.

You Can download the SokoLoan app from the Google play store

Do you have more? Name them in the comment section so that we can add to the list.



Active member
Local time
Today 1:00 PM
I think I've use kwikkash before now migo but those intrest. Hmn. Lip sealed 🤐
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    aella credit branch carbon pay later credit ville fairmoney kiakia loan kwikmoney migo palm credit quick check soko loan
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