Best Loan Apps In Nigeria 2023

6 Best Loan Apps In Nigeria & Free Loan (2020)

Best Loan App in Nigeria 2023. 


We tested, analyzed and brings out 6 top list of loan apps and best loan app in Nigeria 2023 We have a lot of free loan and money lending app in Nigeria in a way to get quick loan in minutes.

Being a debtor is not a sin. Most of the top companies in Nigeria are debtors.

Either you borrow money or not, you are a debtor as long as you are Nigerian because Nigeria herself is a debtor.

Don’t get confused, you don’t need to borrow money if you don’t need it but if you are reading this, I bet it you really need money, lol.

If you are looking for the best loan app in Nigeria 2020, you are at the right place. Because I’m going to teach you how to get free loan in minutes with simple steps listed below accordingly.


This is top loan apps in Nigeria 2023

  1. Carbon Paylater
  2. Palmcredit Loan
  3. Fairmoney App
  4. Branch Loan App
  5. QuickCheck Loan App
  6. Kiakia Loan App


Out of the above list, some of them might not make the list of 2019 but available in the list of best loan app in Nigeria 2023. But in this year 2023 or even at this moment, they are the best and reliable money lending app in Nigeria.

Without wasting much time, let’s go straight to the business in order to get answers to these questions;

  • How to apply for quick online loans in Nigeria?
  • Highest amount you can get from Nigeria’s best and fast loan?
  • Where and how to get free loan in minutes in Nigeria?
  • Best loan app in Nigeria?
  • How to get mobile loan in Nigeria without collateral, guarantor nor paperwork. etc

Carbon (Paylater) Loan App

Carbon loan app (formerly known as Paylater) is one of best money lending app and mobile loan in Nigeria. Carbon Paylater Loan gives out free loan in minutes less than five without collateral, guarantor or any paperwork.

You can however unlocks some opportunities to request for higher loan and also reduce the interest rate by repaying your loan on time.

With Carbon Loan App, you can get loan up to N1million without any documents. That sound great though!


Carbon (Paylater) Loan App | 6 Best Loan Apps In Nigeria & Free Loan (2020)


How to get instant Carbon (Paylater) Loan

To get quick online loan Carbon App is very easy and simple, just follow the steps below;

  1. Download Carbon App on Play store or get here
  2. Register through the app in order to know you
  3. Request for quick loan by filling a brief application form with basic personal informations and apply.
  4. Your application approved after a review of less than five minutes.
  5. Get the money credited in to your wallet then transfer it to your bank account.


NOTE: When you repay your loan before the due date, this will automatically gives you a chance of requesting for higher loan and reduces the interest rate for your next loan.

Meanwhile, there are some things you can do with Carbon Paylater Loan App e.g. Recharge airtime, pay bills, transfer money with lower interest, invest your money and view your credit report etc.



Palmcredit Loan App

Palmcredit Loan is one of the best loan apps in Nigeria at this moment without any doubt. This App gives user an opportunity to borrow up to N100,000 (One hundred thousand naira only) without collateral or guarantor.

Palmcredit Loan App is owned by Transsnet Nigeria Limited. The App is among the best mobile loan in Nigeria with their lower interest rate between 14% to 24%.

Furthermore, Palmcredit Debtors and the Loan controls by another platform named “Easybuy”. This package called Easybuy allows user to buy mobile phone or any other electronics at any Easybuy accredited shops. The buyer require to pay at least 20% out of the money and the balance in installments for months with low interest.


Palmcredit Loan App 2020


How to apply and join instant Palmcredit Debtors

It’s very easy get quick online loan from Palmcredit App, just follow the steps below;

  1. Download Palmcredit App on Playstore
  2. Open the App and click on “Apply for loan”
  3. Register with your phone number and fill other necessary personal informations
  4. Submit your application and expect the credit in minutes.


NOTE: Your Loan application might be rejected if you have any uncleared credit history, not only with Palmcredit app



Fairmoney Loan App

Fairmoney Loan is another big app to get quick online loans in Nigeria that gives up to N500,000 to individual.

Fair money loan is a reliable loan app that gives online loan in less than 5 minutes with flexible interest rates without any paperwork or collateral. Fairmoney App is not rely on only quick loan but also gives out personal loans and business loans.

Fairmoney Loan App


How to apply and get instant Fair Money Loan

To get quick loan online with Fairmoney App is very easy and simple, follow the steps below;

  1. Download Fairmoney Loan App on Playstore
  2. Register with your active phone number
  3. Answer some questions and receive a loan offer
  4. Put down your bank details and receive your loan ASAP

NOTE: You can even earn bonus in cash when you invite your friends and also receive discounts on airtime & data purchase.



Branch Loan App

Branch App is one of the oldest and biggest quick online loans in Nigeria which gives out free loan in minutes. Branch Loan App gives out loan up to N200,000 without collateral or guarantor. Branch App determine their interest rates by number of factors, including repayment history but fall between 15% and 34%.

Branch Loan App


How to apply and get quick Branch Loan

Branch Loan application is very simple and easy. To do so, you will need to follow the below steps;

  1. Download Branch Loan App on Playstore here
  2. Create account by filling a simple form within a minute and submit
  3. Apply for the loan that meets your needs
  4. Receive the loan money in mobile money or in your bank account.


NOTE: You can repay the loan with your mobile account. You are unlocking the higher loans as you are building your credit.



QuickCheck Loan App

QuickCheck Loan App is another great and one of the best loan apps in Nigeria which offers quick online loan in minutes without any paperwork or collateral. QuickCheck Loan has a nice and very neat app that is very easy to use.

QuickCheck Loan App doesn’t want you to go broke again and they use machine learning to predict your behaviour and instantly evaluate loan applications.

QuickCheck Loan App


How to apply and get QuickCheck Loan

To get quick online loan from QuickCheck App is very easy and simple, follow the steps below;

  1. Download QuickCheck Loan App on Playstore
  2. Open the App and create your account in a way to get known to them
  3. Apply for a loan
  4. Their machine will run your credit score and generate the amount you qualify to borrow
  5. Accept the offer and get the loan credited to your bank account in minutes.


Kiakia Loan App / Kiakia Loan Website

Kiakia Loan aka Mr. K and also known as Sterling Bank Kia Kia Loan is another trustworthy and reliable mobile loan in Nigeria. Kiakia is a Yoruba word which simply means fast/very fast. Kia Kia loan offer personal loans and business loans and can gives out up to N200,000.

Before you proceed with this method to get quick loan online, make sure you have bank account with Sterling bank. Kiakia Loan website/app is backed with Sterling bank Nigeria PLC and that’s why some people call them Sterling Bank Kia Kia loan. Their website is link to the bank and that’s where you will repay the loan.

Kiakia Loan App / Kiakia Loan Website


How to apply and get instant Kia Kia loan online

Kiakia Loan has a different loan application comparing to other Nigeria’s best and fast loan. There’s Kiakia loan website only because they don’t have app. It’s very simple to get the loan but you will need to follow the steps below;

  1. Log on to official Kiakia loan website
  2. Click on “Click to get loan” tab
  3. A chatbot will pop up and click on “Create an account”
  4. After you’ve done with creation of your account then click on “Get a loan
  5. A chatbot will request for your email to confirm and complete your application
  6. You will then assigned to one of their agents who you are going to meet in person for physical verification
  7. Finally, your loan request approved and get the money credited in to your account



We have plenty list of loan apps in Nigeria but all of them are not genuine, some fraudsters are even using the opportunity to scam many people and that’s why one have to becareful when it comes to anything about money online.

We give you 100% assurance about all the above list of loan apps in Nigeria. Because they are trustworthy, reliable and they are the best loan apps in Nigeria for free loan at this present year 2020.


Check This: How To Get Students Loan In Nigeria 


Thanks for reading and don’t forget to leave a comment below and use the share button below to share this.


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