Instant Loan in Nigeria – Which App Gives Loan Immediately in Nigeria

In Nigeria, the demand for instant loans has surged, driven by various financial needs and emergencies. With the proliferation of digital lending platforms, individuals and businesses now have access to quick cash without the hassle of lengthy paperwork or collateral requirements. However, not all loan apps offer immediate disbursement. Let’s explore some of the leading instant loan apps in Nigeria that provide loans almost instantly to meet urgent financial needs.

Instant Loan in Nigeria – Which App Gives Loan Immediately in Nigeria

Branch App

Branch stands out as one of the best loan apps in Nigeria, offering loans of up to N500,000 with over 10 million users. The platform is renowned for its fast and emergency loans, with monthly interest rates ranging between 2.5% to 20% and an Annual Percentage Rate (APR) of 18% to 260%. Branch ensures a hassle-free experience without late fees or restrictions on fund usage, making it a popular choice among borrowers.

Carbon App

Carbon, formerly known as Paylater, is another reputable instant loan app in Nigeria that provides quick and collateral-free loans of up to N1,000,000. With round-the-clock availability, borrowers can access funds even on weekends and holidays. Carbon focuses on building good credit history for borrowers and offers competitive interest rates, making it a preferred option for many seeking immediate financial assistance.

FairMoney App

FairMoney has gained prominence in the Nigerian lending space due to its seamless procedures and quick approval process. With loan amounts ranging from ₦1,500 to ₦1,000,000 and flexible repayment options, FairMoney caters to a wide range of financial needs. The platform boasts over 5 million customers and provides excellent customer service, ensuring a positive borrowing experience.

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Aella Credit App

Aella Credit is recognized for its commitment to customer data privacy and offers fast loans for personal or professional use without documentation or collateral requirements. With monthly interest rates of 2% to 20% and loan amounts ranging from N2,000 to N1,500,000, Aella Credit provides borrowers with a reliable and convenient borrowing solution.

PalmPay Loan App

PalmPay’s automated lending service focuses on increasing access to credit for financially underserved individuals in Nigeria. With quick lending decisions and disbursement within minutes, PalmPay offers loans to meet various financial needs. Launched in Nigeria in 2019, PalmPay has provided millions of customers with affordable digital payments and instant loan access.

PalmCredit App

PalmCredit is a top digital lender in Nigeria where you can borrow between N2,000 to N300,000 quickly. If your documentations are complete and accurate, you can get your disbursement within a few hours or even minutes. The lending platform says it can provide a quick loan of up to ₦300,000 in less than 3 minutes without any form of collateral.

Renmoney App

Renmoney is one of the best loan apps in Nigeria, offering conventional loans for various needs such as growing your small business, renovating your home, buying a new car, paying rent, school fees, medical bills, etc. The app allows you to borrow from ₦6,000 to ₦6,000,000 and repay in 3 to 24 months. Renmoney stands out with very low interest rates, making it a reliable choice for borrowers.


Which app gives a loan immediately in Nigeria?

PalmCredit, with over 5 million downloads, is among the few highly patronized loan apps in Nigeria. The platform claims to provide quick loans of up to N300,000 in less than 3 minutes, eliminating the need for collateral.

What is the fastest instant loan in Nigeria?

FairMoney, a leading lending app with over 10 million downloads, is renowned as the go-to platform for obtaining quick loans in just 5 minutes, making it one of the fastest options available.

Which loan app gives 50,000 instantly?

Carbon loan allows users to obtain an instant loan of up to fifty thousand naira, catering to urgent needs such as bills and school fees.

Which is the easiest and fastest loan app?

FairMoney is recognized as a fast, reliable, and free Android loan app, offering loan amounts between ₦1,500 to ₦500,000 with repayment periods from 61 days to 1 year at monthly interest rates between 2.5% and 30%.

Which app can I borrow 5,000 from?

Xcredit is a quick and instant loan app in Nigeria that provides loans ranging from 5,000 to 500,000 Naira, charging an origination interest rate of 12% for 180 days.

How can I get an instant loan in 5 minutes in Nigeria?

Specta is an online lending platform that facilitates loans of up to 5 million Naira within 5 minutes, requiring no collateral, paperwork, or physical visits to any office. It offers a swift solution for urgent personal and business needs.

How can I get a loan from Opay?

To access a loan from Opay, you can use the Opay loan USSD code. Dial *955# on your mobile phone, follow the prompts, and initiate the loan process. Having an account with Opay (Okash) is a prerequisite for using this USSD code, enabling you to conduct transactions without the need for an internet connection.

Can a loan app access my contacts if uninstalled?

Once you uninstall a loan app, you revoke its access to your contacts and messages moving forward. However, be aware that the app may have already collected and stored some of your information on its servers before the uninstallation.

Which app can I borrow 100k in Nigeria?

Carbon, a prominent loan app in Nigeria, offers loan amounts ranging from ₦1,000 to over ₦1,000,000. Known for its high number of downloads, Carbon provides instant, collateral-free loans suitable for various needs, including growing small businesses or addressing personal emergencies.

Can I borrow money from Kuda?

Yes, Kuda offers loans that are one-off payments into your Kuda account. The loan amount, up to ₦150,000, is repaid with interest in fixed monthly installments agreed upon during the loan approval process. To apply for a loan, follow the application process specified by Kuda.

Which app can I borrow money from without using BVN?

Several loan apps in Nigeria don’t require BVN for loan approval. Some of them include Aella Credit, FairMoney, Carbon, OKash, Jumia Pay, Quickteller, and Eyowo.

Which loan app gives 100,000 instantly?

Aella Credit is a loan app in Nigeria that provides instant loans ranging from N2,000 to N1,000,000 with repayment periods of 1 to 3 months.


These instant loan apps in Nigeria leverage technology to streamline the borrowing process, providing borrowers with quick access to funds without the traditional hurdles associated with bank loans. However, it’s essential for borrowers to carefully evaluate their financial needs and repayment capabilities before opting for any loan product. By choosing a reputable and reliable lending platform, individuals can address their immediate financial requirements while ensuring responsible borrowing practices.

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