Top 8 Best Loan Apps in Nigeria 2023 with No Collateral

Top 8 Best Loan Apps in Nigeria

Top 8 Best Loan Apps in Nigeria help borrowers to access loans easily. Accessing a quick loan in Nigeria today is getting easier by the day, Below is a list of loan apps that you can download from the Google play store with your smartphone.

Borrowing money in Nigeria has become more digital in this era. In Nigeria, you can borrow money from the comfort of your own home, workplace, or place of business. And this is made possible by the mobile apps that Nigeria’s banking and money lending firms have created.

These loan lending apps only allow you to borrow money depends how much is given to you. Besides that, they also base these cash estimates on the initial amount you require. Therefore, if you need a loan without collateral, you can apply and get a loan from these loan apps. You’ll learn more about the best loan apps in Nigeria in this article.

Some Best loan apps in Nigeria 2023 And Application Link

Loan application and processing are now quicker and easier with apps. However, these are apps you can easily download from the Google Play Store with your smartphone.

The best loan apps in Nigeria include:

1. Aella Credit loan app

They introduce Aella Credit loan app to provide company employees with their interest to source and access loans anywhere. Meanwhile, they offer these loans at the most affordable rates, without collateral or guarantors to guarantee the loans.

How to apply for a loan using Aella Credit loan app:

You can apply for an Aella Credit loan with the following steps:

  • Download the Aella Credit app from the google play store or IOS app store.
  • Create your account with your details.
  • Update your profile by providing quick answers to questions about you.
  • Click the eligibility button to know the loan amount you are eligible to borrow.
  • They disburse loans to your account in five minutes or fewer.

Aella Credit loan app has grown over time into becoming one of Nigeria’s fastest and finest mobile money lending apps. Currently, people in Nigeria turn to Aella Credit to seek fast loans to meet their emergency needs.

2. Sika Master

Sika Master is an online-based lender that gives loans to individuals, groups, and companies. They also provide other credit facilities to borrowers depending on their creditworthiness. One unique thing about Sika Master is its low-interest rates and its interest-free loans. They offer loans from 1000 Naira to 1000,000 Naira. Besides that, you can visit their website and explore over 15 loan types they offer with their terms and conditions.

3. Orbit Lending Nigeria

Orbit Lending is one of Nigeria’s most rapidly developing online loan companies.

How to apply for a loan with Orbit Lending Nigeria

  • Visit their website
  • Select forms/download tap
  • Choose personal loan forms
  • Select ‘Click here’
  • Fill the following boxes in the first form that comes up:
  • Surname
  • First name
  • Title
  • Marital status
  • Nationality
  • Date of birth
  • Your postal address
  • Your location
  • Mobile number
  • Your email address
  • Occupation
  • Select ‘Next’

After that, in the second tab (Next of kin), fill the following spaces:

  • The surname of next of kin
  • First name of next of kin
  • Title of your next of kin
  • Nationality of your next of kin
  • Enter the date of birth of your next of kin
  • Enter the postal address of your next of kin
  • Location of your next of kin
  • Phone number of your next of kin
  • Put the email address of your next of kin.

Loan Request Details is the next tab, so fill in the following in that tab:

  • In the loan amount column, enter the loan amount in Naira.
  • In the next column, enter the loan amount in words.
  • Enter the loan repayment duration in months.
  • Enter the purpose of the loan in the column they provided.
  • Select the payment method, which is Cash or mobile money.
  • To activate the captcha, tick the ‘I am not a robot’s box.
  • Select next.
  • To confirm your details and send, select the next button again.

They will review your request and contact you through a phone call to access your money if you qualify.

4. Branch Loans App

The Branch Loan app is one of Nigeria’s best loan apps. This app allows you to apply for a credit loan without collateral. You can complete your application in seconds. They disburse money directly into your account immediately after application. It is always available for access 24/7 and is reliable.

How to apply for Branch loan

You can apply for Branch loan in Nigeria with the following steps:

  • First, download the app from the Google Play store.
  • Create your account with your details for quick review.
  • Apply for your preferred loan option.
  • They disburse the loan into your preferred bank account.

5. FairMoney Loan app

In Nigeria, one of the easy money lending apps is Fairmoney Loan. They offer quick loans which you can use for health emergencies and other unforeseen circumstances, rental payments, to other personal needs. We know them for their creditworthiness.

How to apply for a FairMoney loan

To apply for a loan with the FairMoney loan app, you have to: or click here

  • Download the FairMoney app on the Google Play store
  • Sign up with a phone number linked to your BVN.
  • Answer a few questions and authenticate your identity before receiving a loan offer.
  • Once you accept, you will get your loan instantly in your preferred bank account.

6. KiaKia Loan App

KiaKia loan app is among the recent mobile money lending apps in Nigeria. The loan platform provides Nigerian residents with short-term loans that do not require collateral. However, this loan app helps cater to urgent cash needs and emergencies.

The KiaKia loan app is always available for you to access. For a fast loan with few processes, the Kiakia loan app is very reliable.

How to Apply for KiaKia loan

To apply for a Kiakia loan successfully, you have to:

  • Create an account by providing the required details.
  • Start an application chat with a Kiakia agent.
  • Upload your ID
  • Select the desired loan amount.
  • Choose the repayment period.
  • Upload screenshots of three previous salaries or income.
  • Accept loan terms and conditions.
  • Confirm your submitted bank account.
  • Get credited to your bank account.

7. Carbon Loan App

One of the leading loan apps in Nigeria is Carbon loan. They previously knew them as Paylater loan app and it gives you money in minutes. This app is simple to use and has many exciting features that make borrowing with it very convenient. These features include referring your friends and getting a discount on loans. Also, it offers you money from 5% up to 15.5% interest.

How to get a Carbon loan

You can get a Carbon loan with the following steps:

  • Download Carbon mobile app from the Play store.
  • Install and launch the app.
  • Create an account using your correct details.
  • Fill in the loan form on the app.
  • Submit the form and wait for review.

Note: Once they approve it, they will send your money to your bank account.

8. Fido Money Lending App in Nigeria

Fido is a financial institution that offers loans in Nigeria. This company has a license to operate in Nigeria, focusing on short-term loans to its users.  A loan with Fido requires no collateral, guarantor, and application fees. To access a loan from this app as a Nigerian resident, you must be a money subscriber to any network.

How to Borrow from the Fido Mobile App

If you are in Nigeria and you need a quick loan to meet urgent needs. The below list will guide you on how to go about it.

  • First, download the Fido Mobile App from the Play store.
  • Install the app and register using your accurate details.
  • Fill out the loan form in the mobile app with the correct details.
  • Once they approve your loan, you will get the money you applied for in your bank account.

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These days, consumers in Nigeria have a lot of convenience with financial services like loans thanks to lending app platforms. You may be tempted to fast acquire loans due to the ease of doing so with the apps we covered. Yet since you can require quick loans, the main issue is the repayment of the debt. When applying, be sure you have the means to pay back the loan by the deadline.

Furthermore, we are not in any way or form affiliated with any of these loan apps. This article is intended to serve only informational purposes.

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Peter Hezekiah Lawson (Sir Pee). The CEO of A reputable researcher, Web Developer, ICT Instructor and a publisher of many research works in Education.