30 Best Loan App In Nigeria
An In-Depth Review of 30 Loan Apps in Nigeria: Features, Interest Rates, and Repayment Terms.
Introduction:
The need for quick access to funds has made loan apps a popular option for Nigerians seeking financial assistance. The convenience of getting loans without leaving the comfort of one’s home has led to the rise of many loan apps in Nigeria. However, not all loan apps are created equal, and some are better than others. In this article, we will be looking at the 30 best loan apps in Nigeria, based on their interest rates, repayment terms, and customer reviews.
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Carbon:
Carbon (formerly known as Paylater) is one of the most popular loan apps in Nigeria. It offers loans of up to N1 million with an interest rate of 5% – 15.5%, depending on the loan amount and repayment period. Carbon also offers a Carbon Score feature that assesses a user’s creditworthiness and determines the loan amount they can access.
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Kuda:
Kuda is a mobile banking app that offers personal loans of up to N200,000 with an interest rate of 3.75% – 28%, depending on the loan amount and repayment period. Kuda also has a feature that allows users to borrow up to 80% of their monthly salary.
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FairMoney:
FairMoney offers personal loans of up to N500,000 with an interest rate of 10% – 30%, depending on the loan amount and repayment period. FairMoney also has a loan calculator that helps users determine their loan amount and repayment period.
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Branch:
Branch offers personal loans of up to N200,000 with an interest rate of 15% – 34%, depending on the loan amount and repayment period. Branch also has a referral program that rewards users for referring friends and family to the app.
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Aella Credit:
Aella Credit offers personal loans of up to N720,000 with an interest rate of 4% – 29%, depending on the loan amount and repayment period. Aella Credit also offers a loyalty program that rewards users with lower interest rates for timely repayment of loans.
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PalmCredit:
PalmCredit offers personal loans of up to N100,000 with an interest rate of 14% – 24%, depending on the loan amount and repayment period. PalmCredit also has a feature that allows users to top-up their loans before repayment.
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Renmoney:
Renmoney offers personal loans of up to N6 million with an interest rate of 3% – 8%, depending on the loan amount and repayment period. Renmoney also has a loan calculator that helps users determine their loan amount and repayment period.
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Lidya:
Lidya offers small business loans of up to N50 million with an interest rate of 3.5% – 4.5% per month, depending on the loan amount and repayment period. Lidya also has a feature that allows users to pay back their loans early without incurring any penalty.
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CreditVille:
CreditVille offers personal loans of up to N4 million with an interest rate of 4% – 10%, depending on the loan amount and repayment period. CreditVille also has a feature that allows users to borrow up to 30% of their monthly income.
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Page Financials:
Page Financials offers personal loans of up to N5 million with an interest rate of 3% – 10%, depending on the loan amount and repayment period. Page Financials also has a feature that allows users to apply for loans without collateral.
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QuickCheck:
QuickCheck offers personal loans of up to N500,000 with an interest rate of 1% – 15%, depending on the loan amount and repayment period. QuickCheck also has a feature that allows users to top-up their loans before repayment.
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Zedvance:
Zedvance offers personal loans of up to N5 million with an interest rate of 4.5% – 7.5%, depending on the loan amount and repayment period. Zedvance also has a feature that allows users to pay back their loans early without incurring any penalty.
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Specta:
Specta offers personal loans of up to N5 million with an interest rate of 1% – 23%, depending on the loan amount and repayment period. Specta also has a feature that allows users to apply for loans without collateral.
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Kiakia:
Kiakia offers personal loans of up to N500,000 with an interest rate of 5.6% – 24%, depending on the loan amount and repayment period. Kiakia also has a feature that allows users to borrow up to 80% of their monthly salary.
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C24:
C24 offers personal loans of up to N10 million with an interest rate of 4% – 4.5% per month, depending on the loan amount and repayment period. C24 also has a feature that allows users to apply for loans without collateral.
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PayConnect:
PayConnect offers personal loans of up to N500,000 with an interest rate of 5% – 15%, depending on the loan amount and repayment period. PayConnect also has a feature that allows users to apply for loans without collateral.
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Credit Direct:
Credit Direct offers personal loans of up to N500,000 with an interest rate of 4% – 28%, depending on the loan amount and repayment period. Credit Direct also has a feature that allows users to apply for loans without collateral.
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OneFi:
OneFi offers personal loans of up to N5 million with an interest rate of 2.5% – 30%, depending on the loan amount and repayment period. OneFi also has a feature that allows users to top-up their loans before repayment.
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KwikCash:
KwikCash offers personal loans of up to N100,000 with an interest rate of 15% – 20%, depending on the loan amount and repayment period. KwikCash also has a feature that allows users to borrow up to 80% of their monthly salary.
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Creditville NG:
Creditville NG offers personal loans of up to N2 million with an interest rate of 10% – 25%, depending on the loan amount and repayment period. Creditville NG also has a feature that allows users to apply for loans without collateral.
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QuickBucks:
QuickBucks offers personal loans of up to N500,000 with an interest rate of 10% – 25%, depending on the loan amount and repayment period. QuickBucks also has a feature that allows users to top-up their loans before repayment.
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Akinola Ventures:
Akinola Ventures offers personal loans of up to N100,000 with an interest rate of 5% – 10%, depending on the loan amount and repayment period. Akinola Ventures also has a feature that allows users to borrow up to 70% of their monthly salary.
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GroFin:
GroFin offers small business loans of up to N20 million with an interest rate of 7.5% – 17.5%, depending on the loan amount and repayment period. GroFin also has a feature that allows users to pay back their loans early without incurring any penalty.
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Fint:
Fint offers personal loans of up to N2 million with an interest rate of 2.5% – 15%, depending on the loan amount and repayment period. Fint also has a feature that allows users to top-up their loans before repayment.
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SnapCredit:
SnapCredit offers personal loans of up to N2 million with an interest rate of 4% – 4.5% per month, depending on the loan amount and repayment period. SnapCredit also has a feature that allows users to apply for loans without collateral.
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CreditAssist:
CreditAssist offers personal loans of up to N500,000 with an interest rate of 6% – 25%, depending on the loan amount and repayment period. CreditAssist also has a feature that allows users to top-up their loans before repayment.
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Rosabon Financial Services:
Rosabon Financial Services offers personal loans of up to N6 million with an interest rate of 4.5% – 5% per month, depending on the loan amount and repayment period. Rosabon Financial Services also has a feature that allows users to apply for loans without collateral.
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Sterling Bank Specta:
Sterling Bank Specta offers personal loans of up to N5 million with an interest rate of 1% – 28%, depending on the loan amount and repayment period. Sterling Bank Specta also has a feature that allows users to pay back their loans early without incurring any penalty.
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QuickTeller Loan:
QuickTeller Loan offers personal loans of up to N10 million with an interest rate of 1.5% – 30%, depending on the loan amount and repayment period. QuickTeller Loan also has a feature that allows users to top-up their loans before repayment.
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NairaLend:
NairaLend offers personal loans of up to N1 million with an interest rate of 3% – 12%, depending on the loan amount and repayment period. NairaLend also has a feature that allows users to apply for loans without collateral.
