On this article, you are going to learn about the top mobile loan apps in Nigeria that you can use to lend money.

I have personally used these loan apps before I recommend it to you as my dedicated reader, and I hope you will trust me enough to try any one of some of them out.

As a matter of fact, you can borrow from all this platforms at once, as I have done so by myself in a bid to test their validity.

Often times, many individuals and business owners have the need for urgent cash to take care of financial emergencies that crawls up on their domains.

And in times like this when friends and family members refuse to be of help and all means of trying to get moneyseems to be exhausted; the best alternative then is to consider getting a very quick and easily affordable loan online.

Keep in mind that if you want to access loans in Nigerian banks, is generally very lengthy and tedious; especially if you need a small loan you can pay back in a short period of time.

Don’t worry yourself again, as you can use any of these top mobile loan apps in Nigeria to collect a quick loan in just few minutes.

1. Fair Money.

FairMoney is one of the top mobile loan app which is available in Nigeria and India.

Their 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.

2. Branch.

Branch was launched in 2017, and it is one of the top mobile loan app in Nigeria 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.

3. Okash.

Okash is another top mobile loan 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.

4. 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.

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Last modified: November 5, 2021

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