Top 5 Nigerian loan app for business

 

1. carbon loan app

Paylater  now referred to as “Carbon” is one of the top mobile phone loan apps available in Nigeria. It’s easy to use, and you can quickly get a loan. This app allows you to get a loan up to N1million

Carbon does not require collateral or a guarantor in order to obtain a loan. You only need to download the app to your phone, register accurately all necessary details and then apply. You may receive a loan offer within minutes of completing the application.

The interest rate charged by them is quite flexible, ranging from 5% to 15% depending on the amount and repayment term.

You can also pay back your loan quickly and easily from the app via your ATM.

For android and iOS users, you can download the carbon app from the Google play store.

Carbon official website is https://getcarbon.co/ 

2. FairMoney

fairmoney loan app

FairMoney allows you to get loans up to N150,000 and it takes just a few clicks. It’s fast, simple, and secure. This app is one of the most downloaded in Google Playstore.

You only need to download the app and install it on your phone. After which, you will need to register with your Facebook account or your phone number, then proceed to answer a few questions. You will receive a loan offer after that.

Once you accept the offer, the money will be credited to your bank account. It’s that simple.

These loans have a flexible interest rate. Your loan can be paid back in instalments for as long as 3 months.

To access FairMoney’s service, you can download their app from the Google Play Store. This app is not available for iOS, Windows, and Blackberry.

FairMoney official website is https://fairmoney.io/

3. Palmcredit

palm credit loan app

Plamcredit allows you to get an instant loan up to N100,000. The app is very popular in Nigeria. It’s easy to use and operate. Most loan applications can be approved within 5 minutes.

You only need to download the app on your phone, register, and apply for a loan and get approved. After which you’d receive the money immediately.

The interest rate ranges from 14% to 24% depending on the amount and tenure. The loan term can be from 91 days up to 180 days. A guarantor or collateral is not required.

You can download the Palmcredit App from the Google Play Store to access the loan.

4. Branch

branch loan app

Branch is one the most popular loan apps in Nigeria. Branch allows you to get up N200, 000 loan directly from your phone, without the need for collateral or paperwork.

You only need to download the app and create an account. You can then apply for a loan to get your loan. It’s that simple.

The term of the loan is between 4 and 64 weeks. The interest rate is between 14% and 28%.

This app was featured in Forbes, Bloomberg, among others.

The Branch app can be downloaded from the Google Play Store

Branch official website is https://branch.co/

5. Aella credit

aella credit loan app

Aella credit is a mobile lending app that allows you to get loans up to N100,000. There are no collateral or paperwork required. It is very popular and secure.

All you have to do is download and install the app, register, complete the application form and you get your loan quickly.

The loan term is between 30 and 60 days. The interest rate ranges from 4% to 29%.

The Aella credit mobile app can be downloaded from the Google Play store.