This article will assist you with finding out with regards to the best instant loan apps in Nigeria in 2022.

There are sure conditions that usually warrants us to look for loans now and again, either for individual use or business purposes.

For example, when we have monetary troubles, or bills to pay, and there is no cash available; we will consistently have the desire to search for where to lay hands on instant cash.

What’s more, looking for a loan is probably the most effortless mean.

In Nigeria today, there are scores of monetary credit loaning stages that are offering administrations to individuals and organizations, all things considered.

Notwithstanding, out of the many laon companies we have in Nigeria, it isn’t every one of them that offer secured and reliable services for their clients.

The best loan companies should have the following options:

  1. Instant disbursement.
  2. Have a low interest rate.
  3. Longer repayment time period.

In no specific request, let me present to you the the best instant loan apps in Nigeria in 2022.

1. Okash.

Okash is another fast and reliable Android loan app available in Nigeria.

The loan amounts on this app falls between ₦8,000 to ₦500,000.

Repayment periods is around 30 days to 1 year, and they have a monthly interest rates between 9.1%.

It is claimed on Google play that over 8 million customers rely on them for loans.

You can FOLLOW THIS LINK to download the Fair Money app and get your loan instantly.

3. Branch.

Branch was launched in 2017, and it is one of the app that makes getting loans online very simple and easy.

This app uses the user’s phone data and SMS history to verify their identity and create a credit score. 

It is available in 4 countries: Nigeria, Kenya, Tanzania and India; but its loan amount and interest rate in each of these countries are quite different. 

In Nigeria, the loan amounts ranges from ₦1,000 to ₦200,000 with monthly interest of 1.6% and 23%, depending on the loan amount and repayment history.

Users on Branch have the option to choose repayment terms for up to 336 days, and a minimum of 60 days.

You can FOLLOW THIS LINK to download the Fair Money app and get your loan instantly.

1. Palm Credit.

Palmcredit loan app allows it’s customers to borrow money instantly online.

They have a flexible repayment plan that ranges from 7 to 14 days for a start, and

They have a flexible repayment plan that ranges from 7 to 14 days for a start, and 91 to 365days as you advance as a result of your repayment.

Their interest rate is not too high.

Loan amount on palmcreditc falls between the ranges of ₦5,000 to ₦300,000.

Palmcredit’s interest rate is between 4% to 24%.

Rollover or transaction charges are not applicable on; and if you can repay their loan on time, you will receive a reward with high credit score and reduced interest rate. 

You can FOLLOW THIS LINK to download the palmcredit app and get your loan instantly.

Read also: How To Start A POS Business In Nigeria In 2022 And Beyond.

2. Fair Money.

FairMoney is a very fast, reliable and free Android loan app available in Nigeria and India.

The loan amounts on this app falls between ₦1,500 to ₦500,000.

Repayment periods is around 61 days to 1 year, and they have a monthly interest rates between 2.5% and 30%. 

It is claimed on Google play that over 3 million customers rely on them for loans.

You can FOLLOW THIS LINK to download the Fair Money app and get your loan instantly.

Last modified: November 4, 2021

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