7 best loan apps in Nigeria(No collaterals or Bank Cards)

How often do you get stranded?Here’s a list of  7 best loan apps in Nigeria. With the inflation and financial stress accompanied with daily living, some quick loans are life savers. 

7 best loan apps in Nigeria(No collaterals or Bank Cards)
Best loan apps

Now, you can comfortably access loans for whatever your need may be from these companies without jumping through hurdles and road bumps. Here’s a list of the top 7 digital loan apps in Nigeria where you can take loans safely.

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7 best loan apps in Nigeria: Fair Money

7 best loan apps in Nigeria(No collaterals or Bank Cards)
Fair money

One of the most reliable apps to access a quick loan is fair money.

Fairmoney has a variety of loan options available, including personal loans, business loans, and emergency loans, making it a useful resource for various financial needs. The app is known for its user-friendly interface and straightforward application process, which make it easy for users to access the financial support they need. Additionally, Fairmoney is known for its competitive interest rates and flexible repayment options, making it an affordable and convenient choice for many borrowers in Nigeria.

7 best loan apps in Nigeria: Ren money

7 best loan apps in Nigeria(No collaterals or Bank Cards)
Ren money

Another reliable loan app is Ren money. If you are looking for a place to get a business loan with low interest and and a flexible repayment option, you should check out this app.

RenMoney offers personal and microbusiness loans, fixed deposit accounts, and savings accounts. The NDIC (Nigeria Deposit Insurance Corporation) insures the deposits and savings on RenMoney. So you can rest assured that your funds are safe.

7 best loan apps in Nigeria: Bear wallet

This app does not get as much recognition as it should. It offers an easy access to quick loans, and a loan extension option.

Bear Wallet is a new loan app that is fast rising which offers loan to individuals. Nigerians can get a loan for up to N500,000 as long as they have all the requirement needed. These requirements include your BVN, and a valid Identification card

Bear Wallet Already has over 2,000 reviews overall from Google playstore and over 50,000 people have downloaded Bear Wallet loan app from the Google playstore.

Carbon loan app

Formally known as PayLater, Carbon is an easy-to-use and entirely online lending platform that provides short-term loans to individuals and small businesses in Nigeria to help cover unexpected expenses or urgent cash needs.

With Carbon, you can instantly access up to a 1,000,000 Naira loan without collateral. Once your application is approved, funds are typically received within 1 – 3 business days. Making on-time repayments can grant you access to higher credit limits for your next loan.

Kia kia

Kiakia is a popular loan app in Nigeria that offers quick and easy access to financial support for individuals and small businesses. With Kiakia, users can apply for loans directly from their smartphone and receive funds almost instantly, without having to go through a traditional bank or financial institution. Kiakia offers a range of loan options, including personal loans, business loans, and emergency loans, making it a versatile resource for a variety of financial needs



Branch is one of the best finance app. This app is very fast, reliable, and safe. It’s not just a loan app, it helps to invest and keeps your investment safe and the interest rate is amazing. The most interesting part of it, is their privacy policy.


Another app to look up is “Irorun“. Irorun, which means peace of mind in the Yorùbá language, makes it easy for you to access loans just when you need it. The reviews and recommendations, would definitely give you peace of mind.

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