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20 Legit Loan Apps in Nigeria

Forget bank queues! In Nigeria, quick cash is just a tap away with loan apps. But with so many options, finding the right one can be a headache. Worry not! We've done the hard work for you. Discover the top 20 legit loan apps in Nigeria to boost your finances with ease. Get instant loans, flexible terms, and reliable service. Time to unlock your financial freedom!

How to Apply for a Loan Using Mobile Apps in Nigeria

Nigeria has a dynamic landscape of loan apps and financial technology.

Loan apps often offer flexible repayment options, allowing borrowers to choose loan durations and repayment plans that suit their financial circumstances.

Here is a general guide that you can follow to apply for a loan using legit loan apps:

Choose a Lending Platform

Research and choose a reputable lending platform or financial institution that offers mobile app-based loan services.

Download and Install the App

Visit the Google Play Store (for Android users) or the Apple App Store (for iOS users) on your mobile device. Search for the mobile app of the chosen lending platform. Download and install the app on your smartphone.

Create an Account

After downloading, open the installed app. Register for an account by providing the necessary information. This typically includes your full name, email address, phone number, and sometimes your BVN (Bank Verification Number).

Complete the Profile

Complete your user profile by adding any additional information required by the lending platform. This may include your employment details, monthly income, and other relevant financial information.

Verify Your Identity

Some lending platforms may require additional identity verification. This can be done by submitting a photo of your government-issued ID, taking a selfie, or providing other relevant documents.

Check Eligibility

Use the app to check your eligibility for a loan. Lending platforms typically assess your eligibility based on factors such as your income, credit history (if applicable), and other financial details.

Choose Loan Amount and Duration

Once eligible, select the loan amount you need and the repayment duration. Some platforms may provide you with different loan options based on your eligibility.

Submit Loan Application

Complete the loan application process by submitting the required information. This may include details about your employment, income, and any additional documentation requested by the platform.

Wait for Approval

After submitting your application, wait for the lending platform to review and approve your loan. Approval times can vary, and some platforms provide instant decisions.


If your loan is approved, the funds will be disbursed to your bank account linked to the mobile app.

Always ensure that you carefully read and understand the terms and conditions, interest rates, and repayment schedules before applying for any loan.

Also, be cautious about providing personal and financial information to secure and reputable lending platforms to avoid potential scams or fraud.

Top 20 Legit Loan Apps in Nigeria

The rapid rise of loan apps in Nigeria has raised concerns about predatory lending practices, high interest rates, and debt accumulation.

As a result, regulatory bodies in Nigeria have started to scrutinise the operations of loan apps to ensure consumer protection and fair lending practices.

However, here is a list of top 20 legit loan apps in Nigeria.

1. Zedvance Finance

Zedvance Finance is a leading consumer finance company committed to providing lending services most efficiently and conveniently through best practices.

A subsidiary of Zedcrest Group, Zedvance serves over one million Nigerians through different self-service digital channels including USSD, mobile app, web app, WhatsApp bot and sales agents.

2. Aella Credit

Aella Credit provides instant credit solutions that eliminate the hassle of standard loan applications and enable employees to borrow at competitive and fair rates through their employers.

3. Renmoney

Renmoney is a financial institution that provides microfinance services such as loans, savings and deposit funds.

4. Baobab Microfinance Bank

A leading digital financial inclusion group focusing on serving individuals, micro and small businesses in Africa Baobab Microfinance Bank aims to unleash the potential of its clients by offering them simple and easy-to-use financial services.

5. Carbon

The Carbon loan app empowers individuals with access to credit, simple payment solutions, high-yield investment opportunities and easy-to-use tools for personal financial management.

6. Branch

Branch, one of Nigeria’s foremost loan apps, enables a fair, secure and convenient path for customers to build capital, save for the future and access credit.

7. Ucard

Ucard, a super app from Cloud Interactive Platform Limited, is available to retailers anywhere, online or offline. With Ucard, borrowers can access loans to grow their business.

8. Credit Direct Limited

A leading innovation-driven financial services company based in Lagos, Credit Direct LimiteNigeria with branches spread across the Country.

Credit Direct pioneered the unsecured micro-lending space in Nigeria and are positioned to be the dominant market leader in the Country and beyond.

9. KiaKia

Founded in 2016, KiaKia is one of Nigeria’s pioneer digital lenders and also the leading peer-to-peer marketplace.

KiaKia offers secured and unsecured loans and also participates in well-structured profit-sharing business transactions.

10. CredPal

CredPal is a revolutionary credit solution geared towards providing seamless access to credit for businesses and individuals.

11. FairMoney

A product of MyCredit Investments Ltd, a licensed online lender, the FairMoney app provides instant loans and helps users with bill payments.

12. Direct Bridge

Direct Bridge offers fast and convenient loans at affordable rates to meet your personal and business needs.

13. Lendigo

Lendigo provides easy and fast access to working capital to Nigerian SMEs according to their requirements and suited to their business and finance needs.

Through the loan app, business owners can simply apply for short-term loans and finish their application online.

14. Fast Credit Limited

Fast Credit Limited taps into opportunities in the lending market, providing value-based lending to the bottom of the pyramid who may not have access to credit from the traditional banking system.

15. CreditVille

An asset management company and a private lending institution registered in Nigeria, Creditville Limited also has business interests in consumer finance, real estate and capital markets

16. Lidya

Lidya provides access to credit and finance across frontier and emerging markets. Lydia’s team is spread across three continents and five countries: the USA, Portugal, Nigeria, Poland and Czech Republic.

17. Money In Minutes

As its name implies, Money In Minutes makes access to finance easy, affordable, and quick.

18. Okash

OKash is a Micro-lending product which is provided by Blue Ridge Microfinance bank.

Users can download OKash from Google Play and set up their loan account in seconds, select their preferred bank account, link their active bank card for repayment, fill out a set of questions, and get a decision on their loan application in minutes with paperless.

19. Alat by Wema

With Alat, a product of Wema Bank, borrowers can apply for quick loans without paperwork, no visitation to any physical location, and response time between acceptance of offer and loan disbursement is in minutes.

The app is available to salary earners or self-employed individuals seeking to get quick cash.

20. C24

C24 is a financial institution which provides retail loans for consumers in need of quick financial solutions.

Factors to Consider Before Using Loan Apps:

Before using loan apps or any financial services, it's crucial to take certain precautions and consider various factors to make informed decisions.

Here are some key factors to take into consideration:

Interest rates and fees

Be aware of the interest rates and fees associated with the loan before you apply. Payday loans often have very high interest rates, which can trap you in a cycle of debt.

Repayment terms

Understand the repayment terms of the loan and whether you can afford to make the payments on time. Missing payments can damage your credit score and lead to additional fees.

Legitimacy and reputation

Only use loan apps that are licensed and have a good reputation. Research the app online and read reviews from other users before applying. You can find the list of approved loan apps here.


Explore alternative sources of funding, such as building an emergency fund, negotiating with creditors, or seeking community resources, before resorting to a loan app.

Visit nairaCompare to get the latest information on legit loan apps in Nigeria and more.

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