Best Long-Term Loan Apps in Nigeria

In Nigeria, the financial landscape has witnessed a surge in the availability of loan apps, providing individuals with access to much-needed funds for various purposes. Whether it’s starting a business, meeting essential bills, or making significant investments, the following long-term loan apps have proven to be reliable and convenient for borrowers in Nigeria.

Best Long-Term Loan Apps in Nigeria


Renmoney stands out as a trusted financial platform offering loans up to 5,000,000 naira. With a repayment duration of up to 24 months, Renmoney provides borrowers with the flexibility they need. The quick approval process, accessible Renmoney app, and a track record of serving millions in Nigeria make it a popular choice.


Fairmoney has been a stalwart in the Nigerian financial scene, providing loan solutions for several years. Borrowers can access loans up to 5,000,000 naira with a repayment period of up to 6 months. The Fairmoney app facilitates easy borrowing, allowing users to manage their financial needs conveniently.


Carbon is synonymous with reliability in offering financial solutions. Borrowers can secure loans as high as 5,000,000 naira with a generous repayment period of 12 months. The Carbon loan app boasts user-friendly features, making it easy for individuals to navigate and fulfill their financial requirements.

Sponsored Links


Branch is not just a loan app; it offers a suite of financial services to its customers. With a borrowing limit of up to 2,000,000 naira and a repayment duration of 12 months, Branch ensures that users can meet their financial obligations conveniently. The app also facilitates bill payments, airtime purchases, and transfers.

Aella Credit

Aella Credit, a longstanding player in the loan services sector, provides loans up to 2,500,000 naira. Borrowers can enjoy a 24-month repayment duration, and the Aella Credit app ensures quick loan approval, often within minutes of application.


SnapCredit offers individuals in Nigeria access to long-term loans with fast approvals, flexible repayment schedules, and reasonable interest rates. Borrowers can obtain loans ranging from N10,000 to N500,000, with terms varying from four weeks to twelve months. The user-friendly mobile app streamlines the loan application process.


Palmcredit, a well-known loan app, allows Nigerians to apply for long-term loans with repayment schedules ranging from 14 to 180 days. Loan amounts range from N2,000 to N100,000, and the unique credit scoring algorithm ensures quick loan approvals, with funds transferred directly to the borrower’s bank account.

ALAT By Wema

ALAT by Wema, Nigeria’s fully digital bank, provides a loan app with long-term payment options. With a repayment period of up to 24 months, ALAT offers loans up to ₦50,000,000, reflecting individual credit scores and loan terms with a competitive interest rate of 2%.


Lendigo stands out for its flexibility and convenience, offering various long-term loan repayment options of up to 1 year. With competitive interest rates ranging from 4% to 8%, Lendigo ensures accessibility to long-term loans in Nigeria, with amounts reaching up to ₦5,000,000.


Zedvance, a customer-centric company, provides fast and flexible long-term loan apps with repayment periods of up to 18 months. With competitive and fair interest rates ranging from 12% to 45%, Zedvance accommodates loan amounts ranging from ₦2,500 to ₦5,000,000.

Page Financials

Page Financials offers long-term loans in Nigeria with flexible repayment tenure of up to 12 months. With a low-interest rate of about 3.76%, borrowers can access loan amounts of up to ₦5,000,000, making significant financial goals more achievable.


Which is the most trusted loan app in Nigeria?

Determining the most trusted loan app can be subjective, but Branch stands out with over 10 million downloads, a 4.5-star rating from 813,000 reviews, indicating significant user trust.

What app gives 50,000 Naira loans?

Carbon provides instant loans of up to fifty thousand Naira. The platform is designed to address immediate financial needs like bills and school fees, making it a convenient option for users seeking smaller loan amounts.

How much can OKash borrow me for the first time?

OKash allows borrowers to access loans ranging from NGN 3,000 to NGN 500,000. The entire process is online, available 24/7, and can be completed by downloading the app, meeting requirements, and submitting necessary information.

Which loan app is legit?

Branch is a reliable and legitimate loan app in Nigeria. It facilitates quick access to loans, ranging up to N200,000 within 24 hours, with a minimal amount of N1000. The repayment period spans from 4 to 40 weeks, and interest rates vary based on the loan amount and the user’s repayment history.

Which loan app gives up to 300,000 Naira?

Palmcredit is an app that provides online loans, and users can borrow amounts ranging from ₦10,000 to ₦300,000. The app offers a flexible repayment plan, with durations ranging from 91 days to 365 days, making it a viable option for those seeking higher loan amounts.

Does Kuda lend money?

Yes, Kuda offers personal loans with a one-off payment into your Kuda account, to be repaid with interest in fixed monthly installments. The maximum loan amount is ₦150,000.

Is Okash loan app banned in Nigeria?

Yes, the Nigerian Federal Government has banned Okash and several other loan apps, including GoCash, EasyCredit, KashKash, Easy Moni, Speedy Choice, and Sokoloan, citing violations of customer privacy.

Which 18 loan apps are banned in Nigeria?

The banned loan apps in Nigeria include Getloan, Joy Cash-Loan, Camelloan, Cashlawn, Nairaloan, Eaglecash, Moneytreefinance Made Easy, Luckyloan Personal Loan, Cashme, Easynaira, Swiftcas, Crediting, Swiftkash, Hen Credit loan, Nut loan, Cash door, Cashpal, and Nairaeasy gist loan.

Can loan apps access my contacts after uninstalling?

Yes, loan apps can potentially access your contacts if you granted them permission to do so before uninstalling. It is essential to be cautious with permissions granted to ensure the protection of your privacy.

Is OKash and Opay the same thing?

No, OKash and Opay are not the same. OKash is Opay’s automated lending service in Nigeria, providing quick access to credit for individuals. Opay, on the other hand, is a broader financial services platform that offers various services, including mobile payments, ride-hailing, and more.

What happens if you don’t pay OKash loan?

Failure to repay an OKash loan leads to default. If the borrower doesn’t repay the loan amount and fees by the end of the Rollover Period, they will be considered in default, which can have consequences on their credit and future borrowing capabilities.

What is the best loan app in Nigeria without collateral?

Specta is a top choice for an online lending platform in Nigeria that offers loans up to 5 million Naira within 5 minutes, with no collateral, paperwork, or physical visits required. It addresses both personal and business needs, making it a convenient and accessible option for borrowers.


The availability of diverse long-term loan apps in Nigeria has transformed the borrowing landscape, making it more accessible, convenient, and flexible for individuals with varying financial goals. Whether it’s starting a business, covering bills, or making significant investments, these apps cater to a wide range of needs, ensuring there’s a perfect fit for every borrower.

Leave a Reply

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

Back to top button