7 Reliable Mobile Lending Apps for Online Lending in Nigeria

in the the In the age of sophisticated technology like today, people are gradually being confronted with various platforms offering online lending services.

Here is a list and link of the best mobile apps for online business and personal loans in Nigeria.

This service is very helpful to many people, but the rise of illegal online lending is also worrying the public. Hence, we have made a list of official online loans in this article.

Along with the development of the digital age, alternative sources of financing do not always have to come from traditional service providers such as banks.

An online loan application or digital loan can be a pretty reliable solution. In addition to the faster and easier application process, digital loan services also offer easy access from the hand of a smartphone

Online loan applications can be the solution.

The reason for this is that online loans offer a much faster and easier process compared to borrowing from a bank.

You don’t have to leave your house and wait in long lines at the bank.

Submission can be easily done through the application on mobile, saving time and effort.

Here is a list of the best mobile apps for online business and personal loans in Nigeria.

Credit app in Nigeria

1. KiaKia

Kiakia

Kiakia

Established in 2016, KiaKia (a trading name of KiaKia Bits Ltd RC:799552) is a licensed non-bank financial technology company. KiaKia, one of Nigeria’s digital lending pioneers and also the leading peer-to-peer marketplace, offers secured and unsecured loans and also engages in well-structured profit-sharing business transactions. We focus our efforts primarily on micro, small and medium-sized companies with high growth potential that do not have access to credit from traditional financial institutions.

2. FairMoney

fairmoney credit app

fairmoney credit app

Digital bank that provides instant loans with no collateral required.

Get credits up to ₦1 million, a bank account with free transfers, a debit card to spend and more

FairMoney is building the leading mobile bank for emerging markets.

We are unique thanks to our international presence (with offices on 3 continents) and our impact-driven mission. We bring financial inclusion to the underbanked in emerging markets!

3. pay later

Paylater, an online mobile app that provides users with short-term loans, launched version 2 of its app in November. Paylater Plus is the largest addition to Paylater v2 and is available to salaried employees.

4. palm credit

palm credit

palm credit

Borrow money online with the Palmcredit app. Apply for an instant loan with a flexible repayment plan and a favorable interest rate.

Palmcredit is owned by Newedge Finance Limited (RC1585793) and is fully licensed by the CBN to operate as a financial company in Nigeria. Palmcredit is CBN approved. April 26, 2022

5. branch

Branch Loan App

Branch Loan App

Branch makes it easy for people in Nigeria to send money for free, get instant loans up to ₦500,000 and enjoy investment returns of 20% per year. Fill out our application in seconds and benefit from excellent value for money.

Palmcredit is owned by Newedge Finance Limited (RC1585793) and is fully licensed by the CBN to operate as a financial company in Nigeria. Palmcredit is CBN approved. April 26, 2022

6. Quick check

QuickCheck credit app

QuickCheck credit app

Get quick cash. Everytime and everywhere.
Never go broke again. No long queues. No bulky documents. No long waiting times. Just your smartphone and the QuickCheck app.

Why QuickCheck?
We use machine learning to predict borrower behavior and score loan applications instantly.
Our goal is to provide digital financial services that help you get closer to your personal and business goals.

7. Aella credit

The Aella loan app offers a minimum loan amount of ₦1,500 and a maximum amount of ₦1,000,000, with each Aella loan step dependent on a variety of factors including the repayment history and the financial profile of the Aella loan app

In addition to the convenience, online loans also harbor a number of risks.

These loans tend to earn interest daily and there is also a risk of fraud.

Lately there has been a lot of news about online lending that is worrying.

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