Home » Loan » Top Best Loan Apps in Nigeria To Get Quick Loan Without Collateral

Top Best Loan Apps in Nigeria To Get Quick Loan Without Collateral

Filed in Loan by DTF Staff 0 Comments

Loan Apps In Nigeria | Instant Loan Apps In Nigeria That You Can Trust | Top Best Loan Apps in Nigeria To Get Quick Loan Without Collateral. In this article, I will show you top loan apps in Nigeria that gives loan without collateral.

Loan Apps in Nigeria

As a business person or an individual, there will be times that things might get a little bit hard and there will be need to look for emergency fund. It could be money to meet personal needs or business needs. In the past, it was almost impossible to access emergency loan in Nigeria. But these days, there are many loan apps in Nigeria that you can get a quick loan from without collateral.


All you need is download and install their app on your phone. And you can get a loan. Most often without any paperwork.

See Also: Easy Buy Phones | Easybuy Loan: How To Use And Requirements

Table Of Contents


Loan apps works in this way: You download the app from your app store. Install it on your phone. open the app, register with you correct details and any document needed. Your credit score will be calculate and you get a loan offer. Once you accept loan, it will be credited into your account. You will have to pay back your loan before or by due date.

Majority of the loan apps in Nigeria do not require collateral or guarantors. So you do not need to worry about that.

Loan apps are very useful for emergency. When you need emergency loan, all you need is open the loan app and apply for a loan. Most loan apps work 24/7.

You may need money for house rents, school feels, for travel or business. Loan apps will always be resourceful in times like that. It is very advisable to have one or two installed on your phone. Because you never know when you may need it. There are loan apps available for Android, iOS, Blackbery and Windows phone.


There are many advantages while you should use loan apps instead of regular money lenders.

  • Loans without collateral
  • 24/7 accessibility
  • No paperwork required
  • Flexible payment options
  • Always on your phone ready to use

See Also: Migo Loan: How To Get Loan From Kwikmoney (Instant Loan)


Here are the top loan apps in Nigeria to get a quick loan without collateral:


Carbon formerly known as Paylater is one of the top mobile phone loan apps available in Nigeria. It is easy to use and you can get a loan quickly without much delay. You can get loan up to ₦1 million from this app

It does not require a collateral or guarantor to get a loan from Carbon. All you have to do is download the app into your phone. Register with your accurate details and then apply for loan. The app is fast, you may get a loan offer in few minutes.

They charge a flexible interest rate from 5% to 15% depending on the amount and repayment period.

You can pay back your loan easily from the app using your ATM.

For android and iOS users, you can download the carbon app from Google play store or the app store.


With the FairMoney app, you can get a loan up to ₦150, 000 with just a few clicks. It is fast, easy and secure. This app is one of the most downloaded loans app in Google Playstore.

All you have to do is download the app, install it on your phone. Then you can proceed to sign up with your Facebook account or with your phone number. Then you answer a couple of questions. After that you will be sure to get a loan offer.

Once you get an offer, accept it and the money will be credited into your bank account. It is that easy.

They have a flexible interest rate. You can pay back your loan installmentally for up to 3 months.

You can download the FairMoney app from the Google play store to access their service. This app is not available for iOS, Windows and Blackberry.


You can get an instant loan of up to ₦100, 000 from the Plamcredit app. This app is very popular among Nigerians. It is easy to operate and use. Typically, loan application are approved in about 5 minutes.

All you have to do is download the app and install on your phone. Open the app, register and apply for loan, get approval and receive the money.

The interest rate is from 14% to 24% depending on tenor and amount. You can loan for duration ranging from 91 days to 180 days. You do not need a collateral or guarantor.

To access loan, you can download the Palmcredit app from Google playstore.


Branch is one the the top loan apps in Nigeria. With branch, you can get up to ₦200, 000 loan from your phone without paper work or collateral.

All you have to do is download the app, create an account. Then apply for loan and you get your loan. It is that easy.

The loan term is from  4 to 64 weeks. And the interest rate ranges from 14% – 28%.

These app has been featured in Forbes, Bloomberg and more.

You can download the Branch app from Google Play Store.



Aella credit is a mobile loan app that gives loan up to ₦100, 000 without collateral and paperwork. It is highly secured and quite popular.

To get a loan, simply download and install the app. Then you register. Fill the application form. And you can receive a loan without much delay.

The loan tenor is 30 to 60 days. And the interest rate varies from 4% – 29%.

You can download the Aella credit mobile app from the Google playstore.



QuickCheck is a very popular mobile loan app in Nigeria that gives up to ₦200, 000 instant loan without any hidden charges.

To access loan you need to download and install the app. Give it permission to access your phone data in order to make you an offer. Apply for loan and once approved, you get the money in your bank account.

If you forget passwords too easily, with QuickCheck, you can login with your Facebook account.



Sokoloan is one of the new and fast rising mobile loan apps in Nigeria. With this app you can apply for loan 24/7.

All you need is to download and install the app. Accept conditions. Sign up. Provide all needed information. Then apply for loan. If approved, you get your loan.

The loan tenor is from 91 days to 180 days. They run a 0.35% of daily interest.

You can download the Sokoloan app from the Google play store.


Kiakia is a web app that gives online loan to Nigerians. You can get loans instantly by just answering few questions.

Kiakia uses a different method to give its loan. You will need to access the web app and chat with Mr.Kiaia, a chat bot. Then you get your loan!

To get a loan, you can use your Android phone, iOS, Windows and Blackberry to access the Kiakia Web app and chat with Mr. Kiakia.

See Also: Top 10 Ways To Get A Business Loan Fast In Nigeria


While most of these platforms claim to offer quick loans without any collateral, it is advisable to carefully study their Terms & Conditions (T&C) before throwing in an application.

Another factor to consider is the interest rate and payback period. As a business, you will not want to go in for loans with a very short payback period except you very sure you will earn back the money in no-time.

We Believe This Article Was Helpful, Don’t Hesitate To Share This Information With Your Friends On Facebook, Twitter, Whatsapp and Google plus.
Copyright Warning: Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. All contents are protected by DMCA.
The content on this site is posted with good intentions. If you own this content & believe your copyright was violated or infringed, make sure you contact us via This Means to file a complaint & actions will be taken immediately.

Tags: , , , , , , , , , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *